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Pandox AB
(PNDX.B)
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Rating:71Outperform
Price Target:
kr193.00
▲(10.79% Upside)
Action:Upgraded
Date:07/16/26
The score is driven primarily by strong current profitability and improving cash flow, supported by an attractive valuation (low P/E and a moderate dividend). Offsetting factors are meaningful balance-sheet leverage and only middling technical momentum, which together raise sensitivity to weaker travel demand.
Positive Factors
Growing revenue and profitability
Steady revenue growth combined with high gross, operating and net margins indicates strong current operating performance. Sustained profitability gives Pandox resources to maintain assets, fund development and support resilience over the next several quarters.
Negative Factors
Elevated leverage
High leverage limits financial flexibility and increases sensitivity to weaker hotel demand, refinancing costs or lower property cash flows. A downturn could constrain investment capacity and make deleveraging more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Growing revenue and profitability
Steady revenue growth combined with high gross, operating and net margins indicates strong current operating performance. Sustained profitability gives Pandox resources to maintain assets, fund development and support resilience over the next several quarters.
Read all positive factors
Pandox AB (PNDX.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr34.06B
Dividend Yield2.64%
Average Volume (3M)101.04K
Price to Earnings (P/E)10.4
Beta (1Y)0.82
Revenue Growth10.13%
EPS Growth135.59%
CountrySE
Employees1,313
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)16.36
Shares Outstanding119,603,000
10 Day Avg. Volume115,738
30 Day Avg. Volume101,044
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)1.17
Price to Sales (P/S)5.29
P/FCF Ratio19.61
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)11.64
Revenue Forecast (FY)kr7.89B
Pandox AB Business Overview & Revenue Model
Company Description
Pandox AB (publ) is a prominent entity in the hotel real estate industry, focusing on the acquisition, active management, and rental of various hotel properties. The company organizes its business operations into two primary divisions: Property Ma...
How the Company Makes Money
Pandox makes money primarily through income generated by its hotel property portfolio. The key revenue streams are (1) rental income from leased hotel properties, where a hotel operator pays Pandox contracted rent (often structured with fixed and/...
Pandox AB Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
58
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.92B | 7.47B | 7.14B | 6.88B | 5.53B | 3.27B |
| Gross Profit | 4.57B | 4.22B | 3.85B | 3.59B | 2.98B | 1.73B |
| EBITDA | 6.59B | 6.35B | 4.99B | 1.87B | 9.19B | 3.70B |
| Net Income | 3.19B | 3.14B | 1.69B | -585.00M | 4.22B | 610.00M |
Balance Sheet | ||||||
| Total Assets | 115.56B | 111.89B | 80.69B | 73.21B | 75.22B | 66.80B |
| Cash, Cash Equivalents and Short-Term Investments | 1.64B | 1.19B | 1.29B | 769.00M | 1.63B | 1.59B |
| Total Debt | 54.60B | 53.05B | 38.70B | 35.63B | 37.09B | 35.66B |
| Total Liabilities | 80.75B | 77.92B | 46.99B | 43.48B | 44.28B | 41.38B |
| Stockholders Equity | 34.63B | 33.73B | 33.53B | 29.57B | 30.73B | 25.21B |
Cash Flow | ||||||
| Free Cash Flow | 2.86B | 2.01B | 806.00M | 299.00M | 1.04B | -479.00M |
| Operating Cash Flow | 3.83B | 3.10B | 1.83B | 2.19B | 2.38B | 430.00M |
| Investing Cash Flow | -15.32B | -16.88B | -4.12B | -1.48B | -1.64B | -1.52B |
| Financing Cash Flow | 11.00B | 13.76B | 2.70B | -1.70B | -806.00M | 93.00M |
Pandox AB Technical Analysis
Negative
174.20
Price Trends
173.22
Negative
173.90
Negative
180.55
Negative
Market Momentum
-0.22
Positive
42.61
Neutral
56.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:PNDX.B, the sentiment is Negative. The current price of 174.2 is above the 20-day moving average (MA) of 172.85, above the 50-day MA of 173.22, and below the 200-day MA of 180.55, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 42.61 is Neutral, neither overbought nor oversold. The STOCH value of 56.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:PNDX.B.
Pandox AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr34.06B | 10.43 | 9.39% | 2.64% | 10.13% | 135.59% | |
71 Outperform | kr26.49B | 9.60 | 8.25% | 1.38% | 2.45% | 194.60% | |
67 Neutral | kr23.89B | 10.83 | 9.03% | 4.29% | 6.89% | 15.60% | |
63 Neutral | kr59.81B | 23.72 | 3.68% | 1.89% | -1.19% | 2.93% | |
63 Neutral | kr64.36B | 8.62 | 7.35% | ― | 4.06% | 14.75% | |
62 Neutral | kr21.50B | 52.01 | 1.15% | 2.95% | 12.54% | 114.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:PNDX.B
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171.00
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2.93%
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Pandox AB Corporate Events
Pandox Signs New Long-Term Lease With Strawberry for Bodø Hotel
Aug 12, 2026
Pandox AB, a Stockholm-listed specialist in hotel property ownership and leasing, controls a portfolio of 191 hotels with around 42,400 rooms in 11 Northern European countries. The company focuses on long-term, revenue-based leases with minimum gu...
Pandox lifts leasing income and cash flow as leverage climbs
Jul 15, 2026
Pandox AB reported strong second-quarter growth in its leasing segment, with lease revenues rising 34 percent and net operating income from leases up 37 percent, while own operations weakened modestly. EBITDA increased 27 percent and cash earnings...
Pandox schedules July release of half-year report and hotel market briefing
Jul 1, 2026
Pandox AB will publish its interim report for January–June 2026 on 15 July, with the figures released early in the morning and followed by a webcasted teleconference later that same day for investors and analysts. The company will also host ...
Pandox to Spotlight Generational Wealth Shift at 2026 Hotel Market Day
Jun 17, 2026
Pandox will hold its annual Hotel Market Day on 17 November 2026 at Hamburger Börs in Stockholm, positioning the event as a key forum for international hotel industry decision-makers. The conference, first launched in 1996, has evolved into a...
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.