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ALM Equity AB
(ALM)
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Rating:50Neutral
Price Target:
kr42.00
▼(-8.89% Downside)
Action:Reiterated
Date:07/17/26
The score is held back primarily by weak and volatile profitability (negative gross profit/EBIT and declining TTM revenue), despite improving cash generation and better leverage than prior peaks. Technicals are broadly neutral with longer-term trend pressure, while valuation is constrained by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Improved Leverage
The substantial reduction in debt relative to equity strengthens financial resilience and reduces balance-sheet pressure compared with prior peaks. Better leverage gives ALM more flexibility to manage real-estate cycles, absorb operational setbacks, and fund projects without relying as heavily on additional borrowing.
Negative Factors
Revenue Contraction
Declining revenue signals weaker recent business activity and reduces the scale over which fixed development and administrative costs can be spread. For a project-driven property group, sustained top-line contraction may constrain cash generation, delay recovery in earnings, and weaken the ability to reinvest in new developments.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage
The substantial reduction in debt relative to equity strengthens financial resilience and reduces balance-sheet pressure compared with prior peaks. Better leverage gives ALM more flexibility to manage real-estate cycles, absorb operational setbacks, and fund projects without relying as heavily on additional borrowing.
Read all positive factors
ALM Equity AB (ALM) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr774.21M
Dividend Yield1.76%
Average Volume (3M)2.37K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth-67.17%
EPS Growth88.93%
CountrySE
Employees70
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)-7.01
Shares Outstanding17,358,976
10 Day Avg. Volume3,152
30 Day Avg. Volume2,365
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.63
Price to Sales (P/S)1.45
P/FCF Ratio284.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-8.82
Revenue Forecast (FY)kr1.27B
ALM Equity AB Business Overview & Revenue Model
Company Description
Based in Stockholm, Sweden, ALM Equity AB (publ) functions as a prominent property development firm. Established in 1997, its operations are segmented into five key areas. The Management division focuses on acquiring and overseeing compact, well-l...
How the Company Makes Money
ALM Equity AB makes money primarily through real estate development economics: acquiring or controlling land/plots, developing projects (often housing), and realizing value when completed units or projects are sold. Key revenue streams typically i...
ALM Equity AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 830.00M | 985.00M | 3.13B | 2.39B | 6.90B | 5.26B |
| Gross Profit | -50.00M | -63.00M | 273.00M | 242.00M | -591.00M | 3.32B |
| EBITDA | 99.00M | -91.00M | -850.00M | -2.45B | -428.00M | 3.72B |
| Net Income | 11.00M | -215.00M | -950.00M | -1.98B | -717.00M | 3.39B |
Balance Sheet | ||||||
| Total Assets | 4.26B | 4.21B | 5.47B | 7.66B | 11.52B | 13.13B |
| Cash, Cash Equivalents and Short-Term Investments | 722.00M | 901.00M | 1.77B | 517.00M | 1.18B | 2.15B |
| Total Debt | 1.30B | 1.31B | 2.01B | 4.16B | 4.31B | 5.06B |
| Total Liabilities | 1.99B | 1.86B | 2.71B | 4.68B | 5.76B | 5.98B |
| Stockholders Equity | 2.18B | 2.25B | 2.77B | 2.48B | 4.97B | 5.94B |
Cash Flow | ||||||
| Free Cash Flow | 227.00M | 5.00M | 1.11B | -1.11B | -388.00M | 828.00M |
| Operating Cash Flow | 229.00M | 8.00M | 1.12B | -1.10B | -388.00M | 832.00M |
| Investing Cash Flow | -37.00M | -30.00M | 172.00M | 770.00M | -637.00M | -2.22B |
| Financing Cash Flow | -390.00M | -829.00M | -62.00M | -295.00M | 144.00M | 2.62B |
ALM Equity AB Technical Analysis
Positive
46.10
Price Trends
44.89
Negative
46.12
Negative
50.13
Negative
Market Momentum
-0.29
Negative
53.38
Neutral
62.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ALM, the sentiment is Positive. The current price of 46.1 is above the 20-day moving average (MA) of 43.15, above the 50-day MA of 44.89, and below the 200-day MA of 50.13, indicating a neutral trend. The MACD of -0.29 indicates Negative momentum. The RSI at 53.38 is Neutral, neither overbought nor oversold. The STOCH value of 62.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ALM.
ALM Equity AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | kr8.48B | 7.41 | 9.35% | 3.89% | 3.25% | 132.51% | |
64 Neutral | kr443.68M | 9.13 | ― | 6.72% | 2.81% | 12.44% | |
61 Neutral | kr950.51M | -40.12 | ― | 2.12% | 4.83% | -109.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | kr774.21M | -12.72 | ― | 1.76% | -67.17% | 88.93% | |
47 Neutral | kr4.94B | -1.10 | -16.64% | 3.03% | -9.60% | -46.68% |
* General Sector Average
SE:ALM
ALM Equity AB
44.40
-5.40
-10.84%
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SE:DIOS
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SE:SOLNA
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SE:STUDBO
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SE:KAPIAB
Kallebaeck Property Invest AB
206.00
11.81
6.08%
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.