Arlandastad Group AB (AGROUP) AI Stock Analysis

Arlandastad Group AB

(Nasdaq OMX AB:AGROUP)

Select Model

Rating:59Neutral

Price Target:SEK 37.00▲(6.32% Upside)

Action:reiterated

Date:10/21/26

The score is primarily held back by weak financial quality—persistent negative operating and free cash flow and volatility in operating profitability—despite strong recent revenue growth and a moderately levered balance sheet. Valuation is a key support (low P/E and high dividend yield), while technicals are neutral-to-weak with price below key longer-term moving averages and a negative MACD.

Positive Factors

Airport-adjacent development platformConcentration in the Arlandastad area gives the company a defined development platform linked to an airport-adjacent business district. Its exposure to logistics, industrial, office, and service environments can support recurring property operations while preserving opportunities to create value through long-term urban development.

Negative Factors

Persistent negative cash generationNegative operating and free cash flow indicate that reported earnings are not consistently converting into cash, weakening earnings quality and limiting internally funded reinvestment. Continued cash burn can increase dependence on financing or asset sales, particularly when development spending or operating conditions require additional liquidity.

Arlandastad Group AB (AGROUP) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 2.20B
Dividend Yield: 8.91%
Average Volume (3M): 34.20K
Price to Earnings (P/E): 10.5
Beta (1Y): 0.68
Revenue Growth: 13.47%
EPS Growth: ―
Country: Sweden
Employees: 111
Sector: Real Estate
Sector Strength: 65
Industry: Real Estate - Development

Arlandastad Group AB Business Overview & Revenue Model

Company Description

Arlandastad Group AB (publ) is a Swedish real estate enterprise that conducts its business through three primary divisions: Property Development, Property Management, and Operating Companies. The company's core focus involves identifying promising la...

How the Company Makes Money

AGROUP’s earnings are primarily tied to real estate development and property operations in the Arlandastad area. Key revenue streams typically include: (1) Rental income from owned and managed commercial properties (e.g., leases to logistics, industr...

Arlandastad Group AB Financial Statement Overview

Summary

Income statement shows a rebound with strong TTM revenue growth (+40.1%) and solid net margins (~28% TTM), and leverage is moderate (debt-to-equity ~0.37). However, EBIT turned slightly negative in TTM and profitability has been volatile across years. The biggest constraint is cash generation: operating cash flow and free cash flow are negative across all periods shown (TTM OCF -SEK 56m; TTM FCF -SEK 129m), raising earnings-quality and funding-risk concerns.

Income Statement

62Positive

Balance Sheet

73Positive

Cash Flow

34Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	551.00M	377.00M	338.66M	421.69M	295.94M	199.33M
Gross Profit	88.10M	56.00M	28.33M	111.94M	68.40M	74.40M
EBITDA	410.90M	287.00M	58.96M	128.08M	497.65M	301.48M
Net Income	208.00M	126.00M	-93.11M	-136.59M	490.05M	176.44M
Balance Sheet
Total Assets	7.73B	7.71B	7.48B	7.41B	7.49B	6.73B
Cash, Cash Equivalents and Short-Term Investments	196.00M	182.00M	163.79M	234.22M	394.31M	441.44M
Total Debt	1.70B	1.68B	142.67M	1.61B	1.67B	1.58B
Total Liabilities	3.16B	3.13B	3.04B	2.89B	2.84B	2.57B
Stockholders Equity	4.54B	4.56B	4.43B	4.51B	4.65B	4.16B
Cash Flow
Free Cash Flow	-129.00M	-205.00M	-113.12M	-122.50M	-115.02M	-22.93M
Operating Cash Flow	-56.00M	-132.00M	-111.66M	-106.25M	-93.09M	-16.37M
Investing Cash Flow	129.00M	-31.00M	-65.16M	-93.37M	-39.46M	-139.53M
Financing Cash Flow	-19.00M	181.00M	106.40M	39.53M	85.43M	433.95M

Arlandastad Group AB Technical Analysis

Technical Analysis SentimentNegative

Last Price34.80

Price Trends

50DMA35.29Negative

100DMA35.89Negative

200DMA38.51Negative

Market Momentum

MACD-0.07Negative

RSI48.08Neutral

STOCH37.88Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:AGROUP, the sentiment is Negative. The current price of 34.80 is below the 20-day moving average (MA) of 34.88, below the 50-day MA of 35.29, and below the 200-day MA of 38.51, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 48.08 is Neutral, neither overbought nor oversold. The STOCH value of 37.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:AGROUP.

Arlandastad Group AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

SE:AGROUP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SE:SFAST	62Neutral	SEK 3.55B	7.31	8.61%	2.45%	5.55%	130.73%
SE:JOMA	60Neutral	SEK 3.88B	5.92	―	0.48%	5.25%	79.76%
SE:AGROUP	59Neutral	SEK 2.20B	10.54	4.59%	8.91%	13.47%	―
SE:KFAST.B	54Neutral	SEK 2.32B	11.50	4.31%	―	40.50%	426.01%
SE:BONAV.B	40Underperform	SEK 2.33B	-1810.00	0.01%	―	-4.88%	―

* Real Estate Sector Average

Performance Comparison

SE:AGROUP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:AGROUP	Arlandastad Group AB	34.80	4.17	13.61%
SE:BESQAB	Aros Bostadsutveckling AB	24.60	-0.50	-1.99%
SE:SFAST	Stenhus Fastigheter i Norden AB	10.60	0.20	1.96%
SE:BONAV.B	Bonava AB Class B	7.24	-3.68	-33.70%
SE:KFAST.B	K-Fast Holding AB Class B	10.38	-4.18	-28.71%
SE:JOMA	John Mattson Fastighetsforetagen AB	51.70	-14.43	-21.82%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 21, 2026

Arlandastad Group AB AI Stock Analysis