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Balco Group AB
(BALCO)
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Rating:48Neutral
Price Target:
kr18.00
â–²(11.11% Upside)
Action:Reiterated
Date:07/16/26
The score is held back primarily by financial performance: despite improving versus 2025, TTM earnings remain negative, margins are still compressed, and leverage/returns are not yet back to stronger historical levels. Technicals are mildly supportive with the stock holding above short-term moving averages and neutral momentum. Valuation remains a drag due to the negative P/E and no provided dividend yield.
Positive Factors
Integrated turnkey business model
Balco’s integrated turnkey model lets it coordinate design, manufacturing and installation within one project delivery. This can support execution control, customer convenience and margin recovery when capacity, procurement and installation productivity are managed effectively.
Negative Factors
Profitability remains weak
Balco has not yet returned to durable profitability, with a TTM net loss and a low EBITDA margin. This limits internal funding capacity and leaves earnings vulnerable to project execution, cost control and demand pressures.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated turnkey business model
Balco’s integrated turnkey model lets it coordinate design, manufacturing and installation within one project delivery. This can support execution control, customer convenience and margin recovery when capacity, procurement and installation productivity are managed effectively.
Read all positive factors
Balco Group AB (BALCO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr422.45M
Dividend Yield3.83%
Average Volume (3M)16.10K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth-3.51%
EPS Growth74.93%
CountrySE
Employees526
SectorConsumer Cyclical
Sector Strength84
IndustryResidential Construction
Share Statistics
EPS (TTM)-0.35
Shares Outstanding23,021,648
10 Day Avg. Volume15,186
30 Day Avg. Volume16,097
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.54
Price to Sales (P/S)0.31
P/FCF Ratio36.88
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)0.54
Revenue Forecast (FY)kr1.33B
Balco Group AB Business Overview & Revenue Model
Company Description
Balco Group AB specializes in the complete lifecycle of balcony systems, from development and manufacturing to sales and installation. The company serves a diverse clientele, including tenant-owner associations, private property owners, public hou...
How the Company Makes Money
Balco makes money primarily by selling balcony-related renovation and construction projects to customers such as housing cooperatives/associations, private and institutional property owners, and public housing companies. Revenue is mainly generate...
Balco Group AB Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
55
Neutral
Cash Flow
47
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.32B | 1.30B | 1.42B | 1.21B | 1.33B | 1.12B |
| Gross Profit | 208.40M | 159.50M | 247.90M | 245.35M | 287.61M | 296.21M |
| EBITDA | 68.10M | 32.10M | 89.37M | 118.41M | 145.45M | 153.79M |
| Net Income | -8.10M | -35.80M | 1.06M | 45.90M | 76.15M | 90.24M |
Balance Sheet | ||||||
| Total Assets | 1.66B | 1.72B | 1.62B | 1.27B | 1.30B | 1.25B |
| Cash, Cash Equivalents and Short-Term Investments | 80.90M | 158.10M | 103.10M | 2.81M | 51.87M | 117.50M |
| Total Debt | 535.50M | 540.15M | 425.80M | 244.42M | 156.70M | 214.50M |
| Total Liabilities | 918.40M | 986.30M | 831.70M | 519.25M | 565.57M | 553.58M |
| Stockholders Equity | 733.70M | 732.50M | 788.67M | 746.14M | 729.79M | 692.00M |
Cash Flow | ||||||
| Free Cash Flow | 40.30M | 10.80M | 72.20M | -39.43M | 128.88M | 48.95M |
| Operating Cash Flow | 41.10M | 15.00M | 85.30M | -26.13M | 153.02M | 62.52M |
| Investing Cash Flow | -13.00M | -49.10M | -95.70M | -52.90M | -52.59M | -102.11M |
| Financing Cash Flow | 31.60M | 90.80M | 113.10M | 29.62M | -167.68M | -57.49M |
Balco Group AB Technical Analysis
Positive
16.20
Price Trends
15.29
Positive
15.06
Positive
15.68
Positive
Market Momentum
0.88
Negative
75.35
Negative
84.92
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BALCO, the sentiment is Positive. The current price of 16.2 is above the 20-day moving average (MA) of 16.19, above the 50-day MA of 15.29, and above the 200-day MA of 15.68, indicating a bullish trend. The MACD of 0.88 indicates Negative momentum. The RSI at 75.35 is Negative, neither overbought nor oversold. The STOCH value of 84.92 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:BALCO.
Balco Group AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | kr3.19B | 13.67 | 9.28% | 3.03% | -0.28% | 51.30% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | kr1.48B | -1.42 | -68.99% | 3.90% | -22.70% | -1999.96% | |
55 Neutral | kr758.55M | -7.51 | -9.76% | 1.80% | -8.18% | -4948.15% | |
55 Neutral | kr3.28B | -36.50 | -1.30% | 7.61% | -11.62% | 79.62% | |
48 Neutral | kr422.45M | -52.84 | -1.10% | 3.83% | -3.51% | 74.93% | |
46 Neutral | kr8.36B | -74.91 | -1.41% | 1.54% | -22.33% | -144.62% |
* Consumer Cyclical Sector Average
SE:BALCO
Balco Group AB
18.35
-5.65
-23.54%
SE:JM
J.M. AB
129.60
-1.38
-1.05%
SE:BMAX
Byggmax Group AB
54.40
-0.07
-0.13%
SE:BONAV.B
Bonava AB Class B
10.22
-0.12
-1.16%
SE:BULTEN
Bulten AB
70.50
15.50
28.18%
SE:DURC.B
Duroc AB Class B
19.45
3.02
18.41%
Balco Group AB Corporate Events
Balco boosts backlog and launches efficiency drive amid financing revamp
Jul 14, 2026
Balco Group AB, a specialist in balcony and facade construction and renovation, primarily targets residential property markets in the Nordics, with tenant-owner associations forming a key customer segment. The group’s operations are project-...
Balco Group to Present Second-Quarter 2026 Results via Webcast
Jun 29, 2026
Balco Group will publish its interim report for the second quarter of 2026 on July 14 at 13:00 CET, followed by a webcast conference call at 14:00 CET where acting CEO and President Johan Dyberg and CFO Viktor Arvidsson will present the results. I...
Balco Group Wins SEK 106 Million Turnkey Balcony Contract in Nacka
Jun 10, 2026
Balco Group’s subsidiary Balco AB has secured a turnkey contract worth about SEK 106 million with a tenant-owner association in Nacka, Stockholm, marking its largest order from such an association in more than a decade. The project covers re...
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.