Employees: 2,863
Size Bewi (BEWI.OL) is a Norway Materials company (Containers/Packaging) with a market value of $483M, the 92nd largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 18.94 on 6 Nov 2026.
Performance Over six months the shares gained 3.0%, against -22.5% for the median peer and +2.7% for the Norway market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 5.6% over the last twelve months (peer median +3.0%); the operating margin is 3.6% (peer median 3.1%).
Valuation It trades at 31.3× forward earnings against a peer median of 18.8× (3rd most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.9 points below its cost of capital (5.8% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 9.78B | NOK 9.33B | NOK 8.99B | NOK 9.38B | NOK 10.6B |
| Revenue growth | — | +4% | -4% | -12% | — |
| Gross profit | NOK 357M | NOK 116M | NOK 102M | NOK 158M | NOK 853M |
| EBITDA | NOK 1.16B | NOK 939M | NOK 843M | NOK 877M | NOK 1.32B |
| Net income | -NOK 118M | NOK 184M | -NOK 344M | -NOK 206M | NOK 348M |
| Free cash flow | NOK 674M | -NOK 241M | NOK 613M | NOK 283M | -NOK 28.3M |
| Capital expenditure | NOK 290M | NOK 421M | NOK 378M | NOK 591M | NOK 442M |
| Total debt | NOK 5.54B | NOK 6.02B | NOK 6.76B | NOK 6.85B | NOK 6.28B |
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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 | BEWI.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.2% | -8.5% | 5th highest of 21 |
| 6-month return | +3.0% | -22.5% | 5th highest of 21 |
| Distance from 52-week high | -20.9% | -37.9% | 5th highest of 21 |
| Revenue growth (TTM) | +5.6% | +3.0% | 7th highest of 21 |
| Operating margin | 3.6% | 3.1% | 10th highest of 21 |
| Forward P/E | 31.3× | 18.8× | 3rd most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 6.7% | 1.2% | 6th most demanding of 13 |
| Growth delivered (Del g) | +13.5% | +5.3% | 3rd highest of 13 |
| Hurdle (Req g minus delivered) | -6.8 pp | -1.6 pp | 6th least demanding of 13 |
| ROIC minus cost of capital | -2.9 pp | -1.5 pp | 9th lowest of 21 |
| EV / EBITDA | 7.6× | 6.3× | 3rd most expensive of 8 |
| Net debt / EBITDA | 3.7× | 1.6× | 5th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bewi BEWI.OL | Norway | $483M | +3% | +6% | 4% | 31.3× | 6.7% | +13.5% |
| Zhuhai Zhongfu Enterprise 000659.SZ | China | $471M | -39% | -10% | -2% | n/a | n/a | n/a |
| Vetropack VETN.SW | Switzerland | $470M | -3% | -5% | 4% | 23.9× | 0.4% | +3.3% |
| Hefei Hengxin Life Science and Technology 301501.SZ | China | $499M | -29% | +16% | 8% | 18.5× | n/a | n/a |
| Zhejiang Haers Vacuum Containers 002615.SZ | China | $466M | -31% | +4% | 3% | 19.1× | 1.9% | +16.8% |
| Ningbo Solartron Technology 688299.SS | China | $507M | -34% | -15% | -11% | 20.5× | 16.7% | +0.9% |
| Shenzhen Prince New Materials 002735.SZ | China | $514M | -34% | +2% | -8% | 79.7× | n/a | n/a |
| Shanghai HIUV New Materials 688680.SS | China | $518M | -28% | -34% | -29% | n/a | 25.4% | -4.7% |
| Xiamen Hexing Packaging Printing 002228.SZ | China | $520M | -25% | +2% | 1% | 15.4× | n/a | n/a |
| HySum Flexibles Global 300501.SZ | China | $445M | -22% | +12% | -2% | n/a | 25.2% | +9.1% |
| AGI Greenpac AGI.NS | India | $442M | +2% | +6% | 16% | 10.7× | 17.7% | +16.3% |
| ZRP Printing 301223.SZ | China | $441M | -23% | +8% | 5% | n/a | -6.3% | +7.8% |
| UFlex UFLEX.NS | India | $440M | +29% | +10% | 9% | n/a | n/a | n/a |
| Guangdong Taili Technology 301595.SZ | China | $536M | -12% | +2% | 3% | 74.4× | n/a | n/a |
| Tomoku 3946.T | Japan | $427M | +17% | -3% | 5% | n/a | -3.5% | +5.0% |
| Pack 3950.T | Japan | $550M | +13% | +4% | 7% | n/a | -8.4% | +5.6% |
| Hexagon Composites HEX.OL | Norway | $423M | +26% | -39% | -7% | n/a | 34.2% | -0.8% |
| CPH CPHN.SW | Switzerland | $422M | -1% | +4% | 9% | 14.2× | -5.9% | -5.6% |
| Groupe Guillin ALGIL.PA | France | $411M | -14% | +4% | 8% | 7.6× | -5.9% | +7.4% |
| Forest Packaging 605500.SS | China | $410M | -28% | +47% | 0% | n/a | n/a | n/a |
| Kangxin New Materials 600076.SS | China | $403M | -40% | -20% | -76% | n/a | n/a | n/a |