BEAN.SW Stock Today: Record 2025; cautious 2026, shares drop 10% — February 24
Belimo stock slid about 10% on 24 February after record 2025 figures met a cautious 2026 outlook. Revenue rose ~19% to CHF 1.12b (23% in local currencies), EBIT margin expanded to 20.8%, and the dividend increased to CHF 10. The BEAN.SW share price reaction reflects profit taking and concern about FX headwinds. Demand from AI data centers powered growth, but management signaled mid‑teens growth for 2026. We explain what this means for Swiss investors and how to position around quality at a premium.
BEAN.SW today: records meet reality
Belimo 2025 results impressed. Revenue reached CHF 1.12b, up ~19% reported and 23% in local currencies, with EBIT margin at 20.8% and a dividend lift to CHF 10. Strong AI data‑center orders led the gains, supported by HVAC retrofits and sensors. Swiss investors saw a classic “good news, high bar” setup after a strong run into the print.
Despite the beat, Belimo stock fell as investors focused on a cautious 2026 outlook, mid‑teens growth commentary, and currency drag from a strong franc. Profit taking set in after a sharp rally. Local media stressed that expectations were rich and the bar was high Belimo wird Opfer des eigenen Erfolgs and Belimo steigert 2025 Gewinn und zahlt mehr Dividende.
What the 2026 outlook implies
Management flagged mid‑teens growth for 2026, slower than 2025, with FX as a headwind. The mix stays data‑center heavy, while commercial HVAC remains steady. Investors worry about normalization after a surge year and how CHF strength may trim reported growth. This explains a reset in multiples for Belimo stock despite still solid fundamentals and pipeline visibility.
AI infrastructure needs precise airflow and cooling control. Belimo’s actuators, valves, and sensors align with that need. The question is sustainability: will orders broaden beyond hyperscalers and into enterprise upgrades. Coverage highlighted record local‑currency growth tied to data centers, yet noted valuation pressure on the day Belimo 2025: Rechenzentren.
Valuation and balance sheet check
Belimo trades at a premium, with a TTM P/E near 59 and a dividend yield around 1.15%. Free cash flow yield sits near 1.2% on recent figures. That leaves little room for disappointment if growth cools. For Belimo stock to rerate higher, investors may want confirmation that 2026 growth can stay above mid‑teens with stable margins.
The balance sheet is strong, with low leverage (debt‑to‑equity ~0.05) and a current ratio near 2.4. The dividend rises to CHF 10, with a TTM payout ratio around 68%. That signals confidence but also limits flexibility if growth slows. We see continued investment in R&D and sensors as key to defend pricing and returns.
How Swiss investors can act
After the 10% drop, we would monitor liquidity on SIX and spreads in Zurich sessions. Watch FX trends, order intake from data centers, and any commentary on pricing. If sentiment stays cautious, the BEAN.SW share price could consolidate. For entries, consider staged buys, and set alerts around prior highs and key moving averages for confirmation.
Belimo’s moat lies in reliability, energy efficiency, and installed‑base retrofits. Catalysts include large campus upgrades, European efficiency mandates, and continued AI buildouts. The 2026 outlook is conservative, but execution has been consistent. For long‑term holders, we would focus on margin resilience, backlog health, and whether services and sensors can lift recurring revenue over time for Belimo stock.
Final Thoughts
We saw a textbook reset: record growth, a prudent 2026 outlook, and a swift valuation check for Belimo stock. The fundamentals remain solid, backed by data‑center demand, a strong balance sheet, and a higher dividend. Risks are clear, led by FX and normalization after a surge year. For Swiss investors, patience and discipline matter. Consider scaling in on weakness, tracking order intake, and watching currency trends. If mid‑teens growth holds and margins stay firm, upside can return. If not, a premium multiple will cap returns. Keep time horizons clear and position sizes measured.
FAQs
Why did Belimo stock drop about 10% today?
Investors reacted to a cautious 2026 outlook that points to mid‑teens growth and FX headwinds after a record 2025. Expectations were high, so guidance triggered profit taking. The move reflects a valuation reset rather than a breakdown in fundamentals, as demand from data centers and retrofits remains in place.
What stood out in Belimo 2025 results?
Revenue rose to about CHF 1.12b, up ~19% reported and 23% in local currencies, with EBIT margin expanding to 20.8%. Management proposed a dividend increase to CHF 10. AI data‑center demand was the main growth engine, complemented by steady demand in commercial HVAC and sensors across core regions.
What is the 2026 outlook for Belimo?
Management guided to mid‑teens growth, slower than 2025’s surge, and noted currency headwinds from a strong franc. The demand mix remains supported by AI data centers. Investors will watch order intake, pricing, and regional momentum to assess if growth can stay at or above guidance with resilient margins.
Is Belimo stock attractive after the sell‑off?
It depends on time horizon. The premium valuation remains demanding, with modest dividend and free cash flow yields. For long‑term holders, strong balance sheet and data‑center exposure are positives. We would prefer staged entries, monitoring orders and FX. Confirmation of stable margins could improve risk‑reward.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.