Want to see SE:PNDX.B full AI Analyst Report?
Top Page
Pandox AB
(PNDX.B)
Select Model
Select Model
Rating:65Neutral
Price Target:
kr177.00
▲(1.61% Upside)
Action:Reiterated
Date:10/23/26
The score is driven primarily by improved recent financial performance but constrained by leverage and modest operating cash flow-to-debt coverage. Valuation is a positive contributor with a low P/E and a moderate dividend yield, while technicals are mixed-to-weak due to negative MACD and the stock trading below longer-term moving averages.
Positive Factors
Revenue and Profit Recovery
The recent recovery in revenue, net profit, and margins indicates stronger operating performance across several reporting periods. If sustained, this improvement can enhance earnings capacity, support reinvestment in hotel assets, and provide a stronger base for managing the company’s leveraged real estate model.
Negative Factors
Meaningful Leverage
Debt materially exceeding equity leaves Pandox with less financial flexibility if hotel demand weakens or financing conditions become more difficult. Higher leverage can constrain acquisitions, property investment, and distributions while increasing the importance of maintaining stable asset performance and cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Recovery
The recent recovery in revenue, net profit, and margins indicates stronger operating performance across several reporting periods. If sustained, this improvement can enhance earnings capacity, support reinvestment in hotel assets, and provide a stronger base for managing the company’s leveraged real estate model.
Read all positive factors
Pandox AB (PNDX.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr32.11B
Dividend Yield2.73%
Average Volume (3M)138.58K
Price to Earnings (P/E)9.0
Beta (1Y)0.84
Revenue Growth14.90%
EPS Growth76.48%
CountrySE
Employees1,494
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)18.39
Shares Outstanding119,603,000
10 Day Avg. Volume176,878
30 Day Avg. Volume138,580
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)11.8
Revenue Forecast (FY)kr8.43B
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 hotel-related real estate income and, for certain assets, hotel operations income. A major revenue stream is rent from hotel properties leased to external hotel operators under lease agreements, which are typic...
Pandox AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.38B | 7.47B | 7.14B | 6.88B | 5.53B | 3.27B |
| Gross Profit | 4.94B | 4.22B | 3.85B | 3.59B | 2.98B | 1.73B |
| EBITDA | 7.35B | 6.35B | 4.97B | 1.87B | 6.67B | 2.09B |
| Net Income | 3.58B | 3.14B | 1.69B | -585.00M | 4.22B | 610.00M |
Balance Sheet | ||||||
| Total Assets | 119.21B | 111.89B | 80.69B | 73.21B | 75.22B | 66.80B |
| Cash, Cash Equivalents and Short-Term Investments | 1.77B | 1.19B | 1.29B | 769.00M | 1.63B | 1.59B |
| Total Debt | 55.91B | 53.05B | 38.70B | 35.63B | 37.09B | 35.66B |
| Total Liabilities | 82.47B | 77.92B | 46.99B | 43.48B | 44.28B | 41.38B |
| Stockholders Equity | 36.56B | 33.73B | 33.53B | 29.57B | 30.73B | 25.21B |
Cash Flow | ||||||
| Free Cash Flow | 2.99B | 2.01B | 806.00M | 299.00M | 1.04B | -479.00M |
| Operating Cash Flow | 4.00B | 3.10B | 1.83B | 2.19B | 2.38B | 430.00M |
| Investing Cash Flow | -12.60B | -16.88B | -4.12B | -1.48B | -1.64B | -1.52B |
| Financing Cash Flow | 7.38B | 13.76B | 2.70B | -1.70B | -806.00M | 93.00M |
Pandox AB Technical Analysis
Positive
174.20
Price Trends
163.35
Positive
167.80
Negative
175.21
Negative
Market Momentum
0.85
Negative
59.15
Neutral
58.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:PNDX.B, the sentiment is Positive. The current price of 174.2 is above the 20-day moving average (MA) of 157.17, above the 50-day MA of 163.35, and below the 200-day MA of 175.21, indicating a neutral trend. The MACD of 0.85 indicates Negative momentum. The RSI at 59.15 is Neutral, neither overbought nor oversold. The STOCH value of 58.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | kr20.91B | 8.75 | 9.72% | 4.85% | 6.80% | 7.08% | |
68 Neutral | kr23.67B | 8.07 | 8.97% | 1.48% | 1.91% | 60.26% | |
65 Neutral | kr32.11B | 8.97 | 10.25% | 2.73% | 14.90% | 76.48% | |
61 Neutral | kr57.16B | 8.50 | 6.66% | ― | 3.84% | -25.46% | |
59 Neutral | kr56.72B | 22.22 | 3.85% | 1.88% | -2.65% | -3.94% | |
57 Neutral | kr19.19B | 19.54 | 2.75% | 3.34% | 26.56% | 260.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:PNDX.B
Pandox AB
165.20
-19.90
-10.75%
SE:CAST
Castellum AB
131.70
24.49
22.84%
SE:FABG
Fabege AB
64.50
-16.78
-20.64%
SE:BALD.B
Fastighets AB Balder
47.92
-16.73
-25.88%
SE:WALL.B
Wallenstam AB
37.36
-6.08
-13.99%
SE:WIHL
Wihlborgs Fastigheter AB
67.70
-21.11
-23.77%
Pandox AB Corporate Events
Pandox boosts Q3 earnings and reshapes hotel portfolio
Oct 22, 2026
Pandox AB reported strong third-quarter 2026 results, driven primarily by its Leases segment, with total revenue up 23 percent and net operating income up 29 percent year-on-year. EBITDA climbed 30 percent, cash earnings per share rose 31 percent,...
Pandox Sells Seven Nordic Hotels for SEK 2.1 Billion to Cut Debt and Refocus Portfolio
Oct 22, 2026
Pandox AB has agreed to divest seven leased hotel properties totaling 1,248 rooms in Denmark and Sweden in two separate transactions, at an aggregate underlying property value of about SEK 2.1 billion, above the assets’ book values as of Sep...
Pandox to Present January–September 2026 Interim Report via Webcast and Teleconference
Oct 8, 2026
Pandox AB will publish its interim report for January to September 2026 on 22 October, with the release scheduled for 08:30 CEST and a webcast telephone conference to follow at 09:00 CEST. The company will also host independent presentations from ...
Pandox Sets Nomination Committee Ahead of 2027 AGM
Sep 8, 2026
Pandox AB has appointed its nomination committee for the 2027 annual general meeting in line with principles approved at the 2026 AGM, giving seats to representatives of its four largest shareholders by voting rights and the chairman of the board....
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...
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.