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Atrium Ljungberg AB Class B
(ATRLJ.B)
Select Model
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Rating:56Neutral
Price Target:
kr28.00
▲(9.59% Upside)
Action:Reiterated
Date:07/04/26
The score is driven primarily by decent underlying financial quality—strong operating margins and solid, improving free cash flow—tempered by leverage and weaker/volatile bottom-line results. Technicals are a meaningful drag with price below key moving averages and a negative MACD. Valuation is neither clearly attractive nor prohibitive: a high P/E is partly offset by a ~4% dividend yield.
Positive Factors
Strong Operating Profitability
The very high operating margin indicates efficient property operations and meaningful earnings capacity before financing effects, providing a durable cushion to absorb cost pressure and support reinvestment in the portfolio.
Negative Factors
Meaningful Leverage
Debt roughly equal to equity limits financial flexibility and increases sensitivity to refinancing conditions, interest costs and property-market valuations, potentially constraining development investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Operating Profitability
The very high operating margin indicates efficient property operations and meaningful earnings capacity before financing effects, providing a durable cushion to absorb cost pressure and support reinvestment in the portfolio.
Read all positive factors
Atrium Ljungberg AB Class B (ATRLJ.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr16.53B
Dividend Yield4.3%
Average Volume (3M)437.34K
Price to Earnings (P/E)28.4
Beta (1Y)0.59
Revenue Growth6.33%
EPS Growth-18.63%
CountrySE
Employees329
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.90
Shares Outstanding646,103,700
10 Day Avg. Volume474,290
30 Day Avg. Volume437,343
Financial Highlights & Ratios
PEG Ratio-8.56
Price to Book (P/B)0.74
Price to Sales (P/S)5.88
P/FCF Ratio17.86
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)1.88
Revenue Forecast (FY)kr3.07B
Atrium Ljungberg AB Class B Business Overview & Revenue Model
Company Description
Founded in 1946 and headquartered in Nacka, Sweden, Atrium Ljungberg AB (publ) is a prominent real estate company dedicated to the ownership, development, and management of various properties throughout Sweden. The company's operations are divided...
How the Company Makes Money
Atrium Ljungberg makes money primarily through (1) rental income from leased commercial space and (2) value creation and profit from property development activities. Rental income is generated by letting offices, retail premises, and other commerc...
Atrium Ljungberg AB Class B Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
54
Neutral
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.60B | 3.56B | 3.52B | 3.23B | 3.13B | 3.08B |
| Gross Profit | 2.08B | 2.23B | 2.15B | 2.02B | 1.73B | 1.66B |
| EBITDA | 1.80B | 2.04B | 1.62B | 1.90B | 4.30B | 4.57B |
| Net Income | 572.00M | 823.00M | 850.00M | -954.00M | 4.29B | 3.76B |
Balance Sheet | ||||||
| Total Assets | 65.34B | 64.41B | 61.58B | 61.78B | 63.90B | 54.28B |
| Cash, Cash Equivalents and Short-Term Investments | 44.00M | 262.00M | 129.00M | 119.00M | 380.00M | 719.00M |
| Total Debt | 29.18B | 27.81B | 25.80B | 26.26B | 26.67B | 21.59B |
| Total Liabilities | 37.24B | 36.11B | 33.65B | 34.26B | 34.76B | 28.74B |
| Stockholders Equity | 28.09B | 28.30B | 27.93B | 27.52B | 29.14B | 25.54B |
Cash Flow | ||||||
| Free Cash Flow | 1.29B | 1.17B | 1.25B | 1.08B | 1.55B | 1.23B |
| Operating Cash Flow | 1.31B | 1.19B | 1.28B | 1.09B | 1.57B | 1.25B |
| Investing Cash Flow | -2.22B | -2.60B | -243.00M | -494.00M | -5.98B | -1.42B |
| Financing Cash Flow | 735.00M | 1.54B | -1.03B | -853.00M | 4.08B | 614.00M |
Atrium Ljungberg AB Class B Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr26.77B | 9.67 | 8.25% | 1.37% | 2.45% | 194.60% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | kr20.99B | 19.73 | 4.19% | 2.47% | -4.27% | 22.48% | |
63 Neutral | kr60.10B | 23.83 | 3.68% | 1.88% | -1.19% | 2.93% | |
63 Neutral | kr64.45B | 8.69 | 7.35% | ― | 4.06% | 14.75% | |
62 Neutral | kr3.29B | 11.07 | 5.63% | 1.39% | 0.80% | 20.17% | |
56 Neutral | kr16.53B | 28.35 | 2.03% | 4.30% | 6.33% | -18.63% |
* Real Estate Sector Average
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Atrium Ljungberg AB Class B Corporate Events
Moody’s Reaffirms Atrium Ljungberg’s Baa2 Rating with Stable Outlook
Jul 16, 2026
Moody’s has reaffirmed Atrium Ljungberg’s Baa2 credit rating with a stable outlook, underscoring the continued strength of its property and project portfolio and resilient tenant mix. The confirmation highlights the company’s sol...
Atrium Ljungberg Posts Stable Quarter Amid Higher Investments and Valuation Headwinds
Jul 3, 2026
Atrium Ljungberg reported a stable second quarter, with rental income rising 6.2 percent to SEK 770 million and net operating income up 2.1 percent, supported by positive net letting of SEK 15 million. The property portfolio value increased to SEK...
Atrium Ljungberg Sets 3 July Online Presentation for Q2 2026 Results
Jun 17, 2026
Atrium Ljungberg will publish its Q2 2026 report on 3 July and host an online results presentation at 10:15 CET the same day, led by CEO Annica Ånäs and CFO Anna Jepson. The English-language webcast targets analysts, investors, media and...
Atrium Ljungberg Highlights Urban Development Strategy and Ericsson Deal at Capital Markets Day
Jun 15, 2026
Atrium Ljungberg used its Capital Markets Day to outline a strategy centered on urban district development in attractive, well-connected areas, underpinned by an extensive project pipeline and a high-quality property portfolio. Management stressed...
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.