ALM Equity AB (ALM) AI Stock Analysis

• Market Cap: kr885.31M
• Dividend Yield: N/A
• Average Volume (3M): 40.98K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.34
• Revenue Growth: 32.49%
• EPS Growth: 23.52%
• Country: SE
• Employees: 68
• Sector: Financial
• Sector Strength: 70
• Industry: Real Estate - Diversified
• EPS (TTM): -4.10
• Shares Outstanding: 17,358,976
• 10 Day Avg. Volume: 12,774
• 30 Day Avg. Volume: 40,985
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr76.00
• Price Target Upside: 49.02% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 48 Neutral
• Price Target: kr76.00 ▲(49.02% Upside)

ALM Equity AB's overall stock score is primarily influenced by its financial performance, which shows some improvement in cash flow and balance sheet stability despite significant income challenges. Technical analysis indicates bearish momentum, and valuation metrics highlight financial instability. The lack of positive earnings or corporate events further weighs on the score.

ALM Equity AB Business Overview & Revenue Model

Company Description

ALM Equity AB (publ) operates as a real estate development company in Sweden. The company operates through five segments: Management, Project Development, Construction, Financing, and Digital Services. The Management segment acquires and manages surface-efficient properties in locations close to communications in Greater Stockholm. The Project Development segment acquires, develops, and sells housing and commercial projects under the ALM Bostad, Småa, Järntorget, and Abacus brands. The Construction segment designs, plans, and executes construction for tenant-owner associations and property developers; builds housing and commercial properties as a construction contractor; and builds and delivers wooden modules for the construction of single-family houses, student housing, and apartment buildings. The Financing segment financing solutions for various properties and property projects. The Digital Services segment develops software and services that facilitates the sharing of information, resources, and services between neighbors, managers, and service companies under the Your Block brand. The company was founded in 1997 and is based in Stockholm, Sweden.

How the Company Makes Money

ALM Equity AB generates revenue through multiple channels within the real estate sector. The company earns money from property development by planning, constructing, and selling residential and commercial buildings. It also generates income through property management services, which involve leasing and maintaining properties, thereby earning rental income. Additionally, ALM Equity AB invests in real estate assets and projects, which can appreciate in value over time, providing capital gains upon sale. Strategic partnerships with other real estate developers and investors further bolster its earning potential by enabling large-scale projects and investments.

ALM Equity AB Financial Statement Overview

Summary

ALM Equity AB faces significant challenges, particularly in revenue generation and profitability, with negative income statement metrics. However, improvements in the balance sheet's leverage and equity ratios, along with a strong turnaround in cash flow, provide a more optimistic outlook.

Income Statement

ALM Equity AB's income statement reveals significant challenges. The company has experienced a revenue decline from 2022 to 2023, with a further reduction in 2024. Gross profit margins have decreased significantly, and the net profit margin is deeply negative, reflecting substantial losses in recent years. EBIT and EBITDA margins are also negative, indicating operational inefficiencies. Despite these issues, the company showed a positive gross profit margin in 2024, suggesting some ability to generate gross profit despite revenue challenges.

Balance Sheet

The balance sheet shows a moderate level of stability. The debt-to-equity ratio has improved from 2023 to 2024, indicating a reduction in leverage. The equity ratio has also improved, suggesting a stronger capital structure. However, the return on equity remains negative due to ongoing losses, which is a concern for shareholders. The company has made progress in reducing its total debt and liabilities, but its overall financial health still requires careful management.

Cash Flow

ALM Equity AB's cash flow statement is a relative strength. The company achieved a significant improvement in operating cash flow in 2024, turning positive after previous negative results. Free cash flow has also improved substantially, indicating better cash management and operational efficiency. The free cash flow to net income ratio is positive, suggesting that the company is generating cash despite accounting losses. This improvement in cash flow positions the company well for future stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.53B	3.13B	2.39B	6.90B	5.26B	1.76B
Gross Profit	63.00M	273.00M	242.00M	1.73B	3.32B	321.00M
EBITDA	-934.00M	-850.00M	176.00M	1.63B	32.00M	399.00M
Net Income	-974.00M	-950.00M	-1.98B	-576.00M	3.39B	194.00M
Balance Sheet
Total Assets	4.46B	5.47B	7.66B	11.52B	13.13B	9.46B
Cash, Cash Equivalents and Short-Term Investments	955.00M	1.77B	1.02B	1.18B	2.15B	1.09B
Total Debt	1.53B	2.01B	4.16B	4.31B	5.06B	4.97B
Total Liabilities	2.00B	2.71B	4.68B	5.76B	5.98B	5.67B
Stockholders Equity	2.46B	2.77B	2.48B	4.97B	5.94B	2.33B
Cash Flow
Free Cash Flow	1.09B	1.10B	-1.12B	-388.00M	828.00M	-73.00M
Operating Cash Flow	1.09B	1.11B	-1.11B	-388.00M	832.00M	-58.00M
Investing Cash Flow	167.00M	172.00M	770.00M	-641.00M	-2.22B	-703.00M
Financing Cash Flow	-665.00M	-51.00M	-285.00M	148.00M	2.64B	784.00M

ALM Equity AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 51.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ALM, the sentiment is Negative. The current price of 51 is below the 20-day moving average (MA) of 54.87, below the 50-day MA of 66.40, and below the 200-day MA of 101.66, indicating a bearish trend. The MACD of -4.75 indicates Negative momentum. The RSI at 29.45 is Positive, neither overbought nor oversold. The STOCH value of 21.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ALM.

ALM Equity AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACRI.A	69 Neutral	kr900.34M	19.69	5.14%	6.14%	6.55%	1402.99%
ACRI.B	67 Neutral	kr900.34M	18.13	5.14%	10.98%	6.55%	1402.99%
DIOS	65 Neutral	kr9.12B	18.81	4.20%	1.71%	1.57%	―
TRIAN.B	64 Neutral	kr3.56B	14.25	5.19%	―	5.55%	―
STEF.B	62 Neutral	kr6.39B	22.53	4.54%	―	4.18%	―
ALM	48 Neutral	kr885.31M	―	―	―	32.49%	23.52%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%