Fastighets AB Balder (SE:BALD.B)
:BALD.B
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Fastighets AB Balder
(BALD.B)
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Rating:56Neutral
Price Target:
kr57.00
▼(-21.47% Downside)
Action:Reiterated
Date:05/10/26
The score is supported by strong current profitability and solid cash-backed earnings, but constrained by high balance-sheet leverage and a clearly bearish technical setup (price below key moving averages with negative MACD and sub-50 RSI). Valuation is a modest positive with a moderate P/E, though dividend yield data is unavailable.
Positive Factors
Strong cash generation
Free cash flow roughly matches reported earnings, indicating earnings are cash-backed and supporting durable internal funding for maintenance, distributions, and selective development. Consistent cash generation improves resilience to cyclical rental or valuation swings and aids liquidity planning.
Negative Factors
Elevated leverage
High debt-to-equity increases refinancing and interest-rate exposure, reducing financial flexibility for development or acquisitions. In a higher-rate or tighter credit environment, elevated leverage can strain cash flow allocation, constrain strategic options and raise long-term funding costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Free cash flow roughly matches reported earnings, indicating earnings are cash-backed and supporting durable internal funding for maintenance, distributions, and selective development. Consistent cash generation improves resilience to cyclical rental or valuation swings and aids liquidity planning.
Read all positive factors
Fastighets AB Balder (BALD.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr59.83B
Dividend YieldN/A
Average Volume (3M)1.46M
Price to Earnings (P/E)8.5
Beta (1Y)0.58
Revenue Growth4.62%
EPS Growth22.69%
CountrySE
Employees1,083
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)6.44
Shares Outstanding1,122,623,400
10 Day Avg. Volume1,650,800
30 Day Avg. Volume1,461,023
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.86
Price to Sales (P/S)5.91
P/FCF Ratio15.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr64.00Price Target Upside-11.82% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)4.17
Revenue Forecast (FY)kr14.12B
Fastighets AB Balder Business Overview & Revenue Model
Company Description
Fastighets AB Balder (publ) develops, owns, and manages residential and commercial properties in Sweden, Denmark, Finland, Norway, Germany, and the United Kingdom. The company's property portfolio comprises apartments, offices, rooms or working sp...
How the Company Makes Money
Balder primarily makes money through real estate operations. The largest recurring revenue stream is rental income from leasing its properties to tenants under commercial and/or residential lease agreements (segment-level split not available: null...
Fastighets AB Balder Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
55
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.77B | 13.72B | 12.88B | 11.94B | 10.52B | 8.96B |
| Gross Profit | 10.22B | 10.22B | 9.61B | 8.91B | 7.80B | 6.74B |
| EBITDA | 15.34B | 13.91B | 10.17B | -4.31B | 15.37B | 24.65B |
| Net Income | 6.94B | 7.62B | 3.30B | -6.75B | 10.18B | 18.51B |
Balance Sheet | ||||||
| Total Assets | 285.17B | 276.29B | 267.93B | 253.75B | 263.77B | 229.93B |
| Cash, Cash Equivalents and Short-Term Investments | 9.33B | 10.51B | 6.44B | 3.85B | 5.59B | 3.24B |
| Total Debt | 152.07B | 147.90B | 141.44B | 136.58B | 137.14B | 119.03B |
| Total Liabilities | 175.89B | 169.80B | 166.19B | 159.76B | 160.87B | 141.37B |
| Stockholders Equity | 96.49B | 93.85B | 88.42B | 82.31B | 90.19B | 77.61B |
Cash Flow | ||||||
| Free Cash Flow | 3.96B | 5.32B | 4.68B | 4.67B | 4.91B | 1.46B |
| Operating Cash Flow | 4.02B | 5.37B | 4.74B | 4.86B | 5.05B | 1.53B |
| Investing Cash Flow | -15.90B | -11.47B | -9.44B | -6.21B | -12.91B | -29.88B |
| Financing Cash Flow | 11.41B | 8.51B | 5.65B | -212.00M | 10.50B | 25.12B |
Fastighets AB Balder Technical Analysis
Negative
72.58
Price Trends
52.83
Negative
56.52
Negative
59.83
Negative
Market Momentum
-0.60
Positive
35.73
Neutral
7.81
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BALD.B, the sentiment is Negative. The current price of 72.58 is above the 20-day moving average (MA) of 52.62, above the 50-day MA of 52.83, and above the 200-day MA of 59.83, indicating a bearish trend. The MACD of -0.60 indicates Positive momentum. The RSI at 35.73 is Neutral, neither overbought nor oversold. The STOCH value of 7.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BALD.B.
Fastighets AB Balder Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr134.29B | 9.82 | 6.47% | 0.92% | -3.67% | 166.84% | |
67 Neutral | kr24.43B | 10.45 | 9.74% | 3.60% | 6.56% | 30.63% | |
66 Neutral | kr56.24B | 26.74 | 1.27% | 1.77% | -2.63% | -11.65% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | kr25.21B | 10.01 | 6.07% | 1.25% | 3.00% | 145.54% | |
56 Neutral | kr59.83B | 8.55 | 10.31% | ― | 4.62% | 22.69% |
* Real Estate Sector Average
SE:BALD.B
Fastighets AB Balder
50.28
-13.09
-20.66%
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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.