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Fastighets AB Balder
(BALD.B)
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Rating:61Neutral
Price Target:
kr51.00
▼(-29.73% Downside)
Action:Reiterated
Date:10/27/26
The score is driven primarily by improved current financial performance and solid free cash flow, offset by meaningful balance-sheet leverage and historically volatile profitability. Technically, the stock shows mixed signals—neutral momentum but still below key longer-term averages—while valuation is supportive due to a low P/E.
Positive Factors
Strong Revenue and Current Profitability
The sharp TTM revenue increase and currently strong net margin indicate substantial earnings recovery and operating scale. If revenue and profitability remain supported by property income and development activity, Balder should have greater capacity to reinvest, manage obligations, and build recurring earnings over the next several quarters.
Negative Factors
Meaningful Structural Leverage
Debt materially exceeding equity leaves Balder sensitive to property-value changes and financing conditions. Higher leverage can absorb a larger share of operating cash flow through financing costs, reduce flexibility during weaker real-estate conditions, and constrain the ability to fund development or acquisitions internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue and Current Profitability
The sharp TTM revenue increase and currently strong net margin indicate substantial earnings recovery and operating scale. If revenue and profitability remain supported by property income and development activity, Balder should have greater capacity to reinvest, manage obligations, and build recurring earnings over the next several quarters.
Read all positive factors
Fastighets AB Balder (BALD.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr57.19B
Dividend YieldN/A
Average Volume (3M)2.30M
Price to Earnings (P/E)8.5
Beta (1Y)0.65
Revenue Growth3.84%
EPS Growth-25.46%
CountrySE
Employees1,174
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)5.65
Shares Outstanding1,122,623,400
10 Day Avg. Volume2,144,129
30 Day Avg. Volume2,297,680
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.39
Revenue Forecast (FY)kr14.35B
Fastighets AB Balder Business Overview & Revenue Model
Company Description
Fastighets AB Balder (publ) focuses on the acquisition, development, and administration of both residential and commercial real estate. Its operations span several European countries, including Sweden, Denmark, Finland, Norway, Germany, and the Un...
How the Company Makes Money
Balder makes money primarily by owning real estate and earning recurring rental income from tenants. The main revenue stream is rental revenue from residential apartments and commercial leases (e.g., offices/retail/other premises), typically struc...
Fastighets AB Balder Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
56
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.13B | 13.72B | 12.88B | 11.94B | 10.52B | 8.96B |
| Gross Profit | 11.32B | 10.22B | 9.61B | 8.91B | 7.80B | 6.74B |
| EBITDA | 16.50B | 13.91B | 10.17B | -4.31B | 15.37B | 24.65B |
| Net Income | 6.27B | 7.62B | 3.30B | -6.75B | 10.18B | 18.51B |
Balance Sheet | ||||||
| Total Assets | 288.89B | 276.29B | 267.93B | 253.75B | 263.77B | 229.93B |
| Cash, Cash Equivalents and Short-Term Investments | 10.14B | 10.51B | 6.44B | 3.85B | 5.59B | 3.24B |
| Total Debt | 157.41B | 147.90B | 141.44B | 136.58B | 137.14B | 119.03B |
| Total Liabilities | 181.20B | 169.80B | 166.19B | 159.76B | 160.87B | 141.37B |
| Stockholders Equity | 94.23B | 93.85B | 88.42B | 82.31B | 90.19B | 77.61B |
Cash Flow | ||||||
| Free Cash Flow | 4.55B | 5.32B | 4.68B | 4.67B | 4.91B | 1.46B |
| Operating Cash Flow | 4.62B | 5.37B | 4.74B | 4.86B | 5.05B | 1.53B |
| Investing Cash Flow | -10.54B | -11.47B | -9.44B | -6.21B | -12.91B | -29.88B |
| Financing Cash Flow | 4.19B | 8.51B | 5.65B | -212.00M | 10.50B | 25.12B |
Fastighets AB Balder Technical Analysis
Negative
72.58
Price Trends
49.34
Negative
50.66
Negative
53.59
Negative
Market Momentum
-0.52
Negative
54.23
Neutral
92.21
Negative
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 45.78, above the 50-day MA of 49.34, and above the 200-day MA of 53.59, indicating a neutral trend. The MACD of -0.52 indicates Negative momentum. The RSI at 54.23 is Neutral, neither overbought nor oversold. The STOCH value of 92.21 is Negative, 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | kr24.00B | 8.19 | 8.97% | 1.46% | 1.91% | 60.26% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | kr19.54B | 18.50 | 4.19% | 2.63% | -4.27% | 22.48% | |
61 Neutral | kr57.19B | 8.51 | 6.66% | ― | 3.84% | -25.46% | |
61 Neutral | kr13.71B | 22.51 | 2.13% | 5.13% | 8.14% | -44.09% | |
59 Neutral | kr60.31B | 22.45 | 3.85% | 1.86% | -2.65% | -3.94% | |
41 Neutral | kr4.51B | -1.19 | -23.45% | 25.26% | -30.28% | ― |
* Real Estate Sector Average
SE:BALD.B
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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.