ALM Equity AB (SE:ALM)
:ALM
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ALM Equity AB
(ALM)
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Rating:42Neutral
Price Target:
kr43.00
▼(-20.96% Downside)
Action:Reiterated
Date:05/10/26
The score is held down primarily by weak TTM profitability (declining revenue, ongoing losses) and uneven cash generation with negative free cash flow. Technicals also lean negative with a below-average price trend and negative MACD. The balance sheet is more supportive due to moderated leverage, but negative returns and loss-making operations keep the overall score low.
Positive Factors
Moderate leverage and sizable equity
A moderate debt/equity (~0.58x) and substantial equity base provide structural balance-sheet support. This gives the company room to finance development cycles, absorb project timing swings, and access capital markets more easily than highly levered peers, aiding multi‑month resilience.
Negative Factors
Weak and declining profitability
Sustained revenue declines and a large net loss undermine long‑term viability. Negative gross and operating profits signal structural margin pressure, reducing retained earnings and limiting the company's ability to fund projects or build reserves without relying on external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate leverage and sizable equity
A moderate debt/equity (~0.58x) and substantial equity base provide structural balance-sheet support. This gives the company room to finance development cycles, absorb project timing swings, and access capital markets more easily than highly levered peers, aiding multi‑month resilience.
Read all positive factors
ALM Equity AB (ALM) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr786.36M
Dividend YieldN/A
Average Volume (3M)6.77K
Price to Earnings (P/E)―
Beta (1Y)0.48
Revenue Growth-72.28%
EPS Growth68.30%
CountrySE
Employees68
SectorFinancial
Sector Strength70
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)-16.88
Shares Outstanding17,358,976
10 Day Avg. Volume2,050
30 Day Avg. Volume6,768
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.63
Price to Sales (P/S)1.45
P/FCF Ratio0.00
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)-6.31
Revenue Forecast (FY)kr1.58B
ALM Equity AB Business Overview & Revenue Model
Company Description
Based in Stockholm, Sweden, ALM Equity AB (publ) functions as a prominent property development firm. Established in 1997, its operations are segmented into five key areas. The Management division focuses on acquiring and overseeing compact, well-l...
How the Company Makes Money
ALM Equity makes money mainly through (1) real estate development economics and (2) construction/installation services delivered via group companies. In project development, revenue is generated when projects are sold or handed over (e.g., condomi...
ALM Equity AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 877.00M | 985.00M | 3.13B | 2.39B | 6.90B | 5.26B |
| Gross Profit | -57.00M | -63.00M | 273.00M | 242.00M | 1.73B | 3.32B |
| EBITDA | 8.00M | -91.00M | -850.00M | 176.00M | 1.63B | 32.00M |
| Net Income | -160.00M | -215.00M | -950.00M | -1.98B | -576.00M | 3.39B |
Balance Sheet | ||||||
| Total Assets | 4.14B | 4.21B | 5.47B | 7.66B | 11.52B | 13.13B |
| Cash, Cash Equivalents and Short-Term Investments | 680.00M | 901.00M | 1.77B | 1.02B | 1.18B | 2.15B |
| Total Debt | 1.30B | 1.31B | 2.01B | 4.16B | 4.31B | 5.06B |
| Total Liabilities | 1.93B | 1.86B | 2.71B | 4.68B | 5.76B | 5.98B |
| Stockholders Equity | 2.11B | 2.25B | 2.77B | 2.48B | 4.97B | 5.94B |
Cash Flow | ||||||
| Free Cash Flow | 72.00M | 5.00M | 1.10B | -1.12B | -388.00M | 828.00M |
| Operating Cash Flow | 73.00M | 8.00M | 1.11B | -1.11B | -388.00M | 832.00M |
| Investing Cash Flow | -32.00M | -30.00M | 172.00M | 770.00M | -641.00M | -2.22B |
| Financing Cash Flow | -444.00M | -829.00M | -51.00M | -285.00M | 148.00M | 2.64B |
ALM Equity AB Technical Analysis
Negative
54.40
Price Trends
50.92
Negative
52.38
Negative
52.43
Negative
Market Momentum
-1.51
Positive
35.75
Neutral
42.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ALM, the sentiment is Negative. The current price of 54.4 is above the 20-day moving average (MA) of 47.56, above the 50-day MA of 50.92, and above the 200-day MA of 52.43, indicating a bearish trend. The MACD of -1.51 indicates Positive momentum. The RSI at 35.75 is Neutral, neither overbought nor oversold. The STOCH value of 42.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ALM.
ALM Equity AB Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | kr3.31B | 10.58 | 7.48% | ― | -1.77% | 27.18% | |
62 Neutral | kr9.19B | 10.20 | 6.83% | 2.58% | 4.47% | 50.47% | |
61 Neutral | kr347.11M | 9.58 | ― | 13.40% | -37.88% | -19.60% | |
61 Neutral | kr347.11M | 9.58 | 7.08% | 13.73% | -37.88% | -19.60% | |
42 Neutral | kr786.36M | -9.79 | ― | ― | -72.28% | 68.30% |
* Financial Sector Average
SE:ALM
ALM Equity AB
45.30
-45.50
-50.11%
SE:TRIAN.B
Fastighets AB Trianon Class B
17.40
-1.12
-6.06%
SE:DIOS
Dios Fastigheter AB
65.00
1.09
1.71%
SE:ACRI.B
Acrinova AB Class B
7.80
-0.64
-7.59%
SE:ACRI.A
Acrinova AB Class A
8.30
-0.88
-9.57%
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.