diff --git a/src/generators/nodes/Component.ts b/src/generators/nodes/Component.ts
index e0a78d886c6b..481c7de0e392 100644
--- a/src/generators/nodes/Component.ts
+++ b/src/generators/nodes/Component.ts
@@ -307,9 +307,12 @@ export default class Component extends Node {
 				);
 			}
 
-			block.builders.mount.addLine(
-				`if (${name}) ${name}._mount(${parentNode || '#target'}, ${parentNode ? 'null' : 'anchor'});`
-			);
+			block.builders.mount.addBlock(deindent`
+				if (${name}) {
+					${name}._mount(${parentNode || '#target'}, ${parentNode ? 'null' : 'anchor'});
+					${ref && `#component.refs.${ref.name} = ${name};`}
+				}
+			`);
 
 			const updateMountNode = this.getUpdateMountNode(anchor);
 
diff --git a/test/runtime/samples/dynamic-component-ref/Foo.html b/test/runtime/samples/dynamic-component-ref/Foo.html
new file mode 100644
index 000000000000..bc56c4d89448
--- /dev/null
+++ b/test/runtime/samples/dynamic-component-ref/Foo.html
@@ -0,0 +1 @@
+Foo
diff --git a/test/runtime/samples/dynamic-component-ref/_config.js b/test/runtime/samples/dynamic-component-ref/_config.js
new file mode 100644
index 000000000000..5ab702935bab
--- /dev/null
+++ b/test/runtime/samples/dynamic-component-ref/_config.js
@@ -0,0 +1,7 @@
+export default {
+	html: `Foo`,
+
+	test(assert, component) {
+		assert.ok(component.refs.test);
+	}
+};
diff --git a/test/runtime/samples/dynamic-component-ref/main.html b/test/runtime/samples/dynamic-component-ref/main.html
new file mode 100644
index 000000000000..ff506517bc9d
--- /dev/null
+++ b/test/runtime/samples/dynamic-component-ref/main.html
@@ -0,0 +1,11 @@
+<:Component {foo} ref:test/>
+
+<script>
+	import Foo from './Foo.html';
+
+	export default {
+		data() {
+			return { foo: Foo };
+		}
+	};
+</script>