Loading…
Swiss maker of actuators, valves and sensors that control airflow and water flow in HVAC systems for buildings.
Swiss maker of actuators, valves and sensors that control airflow and water flow in HVAC systems for buildings.
Sells small devices that open and close dampers and valves, a minor cost in a building's budget but a part that has to work reliably, so buyers rarely switch on price alone. Based in Switzerland, it sells worldwide, with the Americas and Europe the largest regions.
In one line: A Swiss niche HVAC controls maker, no direct large US pure-play.
Moat: narrow (brand, distribution, process know-how). Niche technical leadership in HVAC actuators/valves with strong contractor brand recognition.
Headquarters: Hinwil, Switzerland · Founded: 1975 · Employees: 2,704
Size BELIMO (BEAN.SW) is a Switzerland Industrials company (Industrial Machinery) with a market value of $11.0B, the 34th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 727.00 on 6 Nov 2026.
Performance Over six months the shares gained 0.8%, against -13.3% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 19.8% over the last twelve months (peer median +7.9%); the operating margin is 20.8% (peer median 15.3%).
Valuation It trades at 37.2× forward earnings against a peer median of 21.2× (4th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 26.3 points above its cost of capital (5.4% WACC).
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 1.24B | CHF 1.12B | CHF 944M | CHF 859M | CHF 847M |
| Revenue growth | — | +19% | +10% | +1% | — |
| Gross profit | CHF 381M | CHF 347M | CHF 280M | CHF 247M | CHF 243M |
| EBITDA | CHF 299M | CHF 268M | CHF 216M | CHF 186M | CHF 187M |
| Net income | CHF 205M | CHF 182M | CHF 147M | CHF 137M | CHF 123M |
| Free cash flow | CHF 89.5M | CHF 105M | CHF 135M | CHF 118M | CHF 69.8M |
| Capital expenditure | CHF 91.3M | CHF 86.8M | CHF 63.1M | CHF 47.0M | CHF 54.7M |
| Total debt | n/a | CHF 46.6M | CHF 25.4M | CHF 14.8M | CHF 11.5M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| BELIMO BEAN.SW | $11.0B | +1% | +20% | 21% | 37.2× | 12.5% |
| Honeywell Technologies HON | $69.8B | -1% | -17% | 18% | 23.2× | 4.1% |
| Johnson Controls JCI | $81.8B | -3% | +9% | 16% | 21.3× | 17.8% |
| Siemens SIE.DE | $225B | -4% | +4% | 13% | 23.4× | 18.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BEAN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.6% | -8.0% | 10th highest of 21 |
| 6-month return | +0.8% | -13.3% | 9th highest of 21 |
| Distance from 52-week high | -25.0% | -41.9% | 8th highest of 21 |
| Revenue growth (TTM) | +19.8% | +7.9% | 5th highest of 21 |
| Operating margin | 20.8% | 15.3% | 6th highest of 21 |
| Forward P/E | 37.2× | 21.2× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 12.5% | 14.3% | 6th least demanding of 14 |
| Growth delivered (Del g) | +11.1% | +8.3% | 4th highest of 14 |
| Hurdle (Req g minus delivered) | +1.3 pp | +4.7 pp | 5th least demanding of 14 |
| ROIC minus cost of capital | +26.3 pp | +3.1 pp | highest of 21 |
| EV / EBITDA | 30.0× | 15.0× | most expensive of 14 |
| Net debt / EBITDA | 0.1× | 1.3× | 5th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BELIMO BEAN.SW | Switzerland | $11.0B | +1% | +20% | 21% | 37.2× | 12.5% | +11.1% |
| Daifuku 6383.T | Japan | $10.9B | -33% | +21% | 15% | 18.9× | 14.7% | +8.3% |
| Graco GGG | United States | $10.9B | -13% | +5% | 27% | 20.0× | 8.1% | +6.3% |
| Pentair PNR | United States | $10.9B | -11% | -4% | 22% | 13.2× | 7.1% | +6.7% |
| Watts Water Technologies WTS | United States | $11.6B | +17% | +17% | 19% | 24.6× | 15.8% | +10.1% |
| Madison Air Solutions MAIR | United States | $11.6B | -45% | +27% | 17% | 20.6× | 31.9% | +27.3% |
| Lennox International LII | United States | $11.7B | -34% | +2% | 19% | 15.3× | 5.0% | +7.4% |
| Flowserve FLS | United States | $10.2B | +13% | 0% | 14% | 17.8× | 15.0% | +4.9% |
| Zhejiang Sanhua Intelligent Controls 2050.HK | Hong Kong | $11.9B | -38% | +8% | 15% | 18.4× | 8.7% | +19.9% |
| Indutrade INDT.ST | Sweden | $9.94B | +39% | +6% | 12% | 28.6× | 18.4% | +10.9% |
| GEA Group Aktiengesellschaft G1A.DE | Germany | $12.6B | +25% | +4% | 12% | 21.0× | 5.8% | +3.5% |
| Huagong Tech 000988.SZ | China | $9.54B | -47% | +16% | 7% | 30.9× | n/a | n/a |
| Ebara 6361.T | Japan | $9.28B | -40% | +9% | 11% | 14.5× | n/a | n/a |
| NIBE Industrier NIBE-B.ST | Sweden | $9.25B | +7% | +2% | 10% | 27.3× | 13.5% | +8.5% |
| Guangdong Dtech Technology 301377.SZ | China | $9.23B | -18% | +119% | 36% | 50.9× | n/a | n/a |
| Lifco LIFCO-B.ST | Sweden | $13.1B | +1% | +7% | 19% | 29.3× | 15.2% | +15.4% |
| Shenzhen Han's CNC Technology 301200.SZ | China | $9.08B | -25% | +98% | 21% | 32.1× | n/a | n/a |
| Beijing E-Town Semiconductor Technology 688729.SS | China | $8.94B | -14% | +10% | 12% | 52.3× | n/a | n/a |
| IMI IMI.L | United Kingdom | $8.81B | +3% | +8% | 21% | 19.9× | 14.3% | +4.8% |
| ACM Research (Shanghai) 688082.SS | China | $14.6B | +30% | +9% | 15% | 54.1× | n/a | n/a |
| GlobalWafers 6488.TWO | Taiwan | $8.15B | -23% | -6% | 11% | 21.4× | n/a | n/a |