ALM Equity AB (ALM) AI Stock Analysis

• Market Cap: kr807.19M
• Dividend Yield: N/A
• Average Volume (3M): 6.77K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.22
• Revenue Growth: -13.30%
• EPS Growth: 75.75%
• Country: SE
• Employees: 68
• Sector: Financial
• Sector Strength: 70
• Industry: Real Estate - Diversified
• EPS (TTM): -6.30
• Shares Outstanding: 17,358,976
• 10 Day Avg. Volume: 2,050
• 30 Day Avg. Volume: 6,768
• PEG Ratio: 0.02
• Price to Book (P/B): 0.45
• Price to Sales (P/S): 0.40
• P/FCF Ratio: 1.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: kr76.00 ▲(58.33% Upside)

ALM Equity AB's overall stock score is primarily impacted by its financial performance, which shows significant challenges in revenue and profitability. The technical analysis indicates a bearish trend with weak market momentum. Valuation metrics are also concerning due to negative earnings and lack of dividend yield. Improvements in cash flow and balance sheet stability provide some optimism, but the overall outlook remains cautious.

Positive Factors

Cash Flow Improvement

Improved cash flow indicates better financial management and operational efficiency, positioning ALM for future stability and growth.

Balance Sheet Stability

A stronger balance sheet with reduced leverage enhances ALM's financial resilience and ability to withstand economic fluctuations.

Revenue Growth

Strong revenue growth reflects successful project execution and market demand, supporting ALM's long-term business expansion.

Negative Factors

Profitability Challenges

Ongoing profitability issues indicate operational inefficiencies and pose a risk to ALM's long-term financial health and shareholder value.

Operational Inefficiencies

Negative EBIT and EBITDA margins suggest that ALM needs to improve cost management and operational processes to enhance profitability.

Return on Equity Concerns

Negative return on equity highlights challenges in generating shareholder returns, which could impact investor confidence and capital raising.

ALM Equity AB Business Overview & Revenue Model

Company Description

ALM Equity AB (ALM) is a Swedish real estate company that specializes in property development and management. The company operates primarily in the residential sector, focusing on creating and managing rental apartments and housing units. ALM is involved in various stages of the real estate value chain, including land acquisition, project development, construction, and property management, with a strong emphasis on sustainability and urban development.

How the Company Makes Money

ALM Equity AB generates revenue primarily through its real estate development projects, which involve the construction and sale of residential units. The company earns money by acquiring land, developing properties, and then either selling these properties for profit or retaining them to generate rental income. Key revenue streams include the sale of completed residential units, rental income from managed properties, and potential government subsidies or incentives for sustainable building practices. Additionally, strategic partnerships with local municipalities and construction firms can enhance ALM's project pipeline and profitability, contributing to its overall earnings.

ALM Equity AB Financial Statement Overview

Summary

ALM Equity AB faces significant challenges in revenue generation and profitability, with negative income statement metrics. However, improvements in the balance sheet's leverage and equity ratios, along with a strong turnaround in cash flow, provide a more optimistic outlook.

Income Statement

ALM Equity AB's income statement reveals significant challenges. The company has experienced a revenue decline from 2022 to 2023, with a further reduction in 2024. Gross profit margins have decreased significantly, and the net profit margin is deeply negative, reflecting substantial losses in recent years. EBIT and EBITDA margins are also negative, indicating operational inefficiencies. Despite these issues, the company showed a positive gross profit margin in 2024, suggesting some ability to generate gross profit despite revenue challenges.

Balance Sheet

The balance sheet shows a moderate level of stability. The debt-to-equity ratio has improved from 2023 to 2024, indicating a reduction in leverage. The equity ratio has also improved, suggesting a stronger capital structure. However, the return on equity remains negative due to ongoing losses, which is a concern for shareholders. The company has made progress in reducing its total debt and liabilities, but its overall financial health still requires careful management.

Cash Flow

ALM Equity AB's cash flow statement is a relative strength. The company achieved a significant improvement in operating cash flow in 2024, turning positive after previous negative results. Free cash flow has also improved substantially, indicating better cash management and operational efficiency. The free cash flow to net income ratio is positive, suggesting that the company is generating cash despite accounting losses. This improvement in cash flow positions the company well for future stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.11B	3.13B	2.39B	6.90B	5.26B	1.76B
Gross Profit	106.00M	273.00M	242.00M	1.73B	3.32B	321.00M
EBITDA	-185.00M	-850.00M	176.00M	1.63B	32.00M	399.00M
Net Income	-339.00M	-950.00M	-1.98B	-576.00M	3.39B	194.00M
Balance Sheet
Total Assets	4.17B	5.47B	7.66B	11.52B	13.13B	9.46B
Cash, Cash Equivalents and Short-Term Investments	577.00M	1.77B	1.02B	1.18B	2.15B	1.09B
Total Debt	1.32B	2.01B	4.16B	4.31B	5.06B	4.97B
Total Liabilities	1.91B	2.71B	4.68B	5.76B	5.98B	5.67B
Stockholders Equity	2.19B	2.77B	2.48B	4.97B	5.94B	2.33B
Cash Flow
Free Cash Flow	1.21B	1.10B	-1.12B	-388.00M	828.00M	-73.00M
Operating Cash Flow	1.21B	1.11B	-1.11B	-388.00M	832.00M	-58.00M
Investing Cash Flow	-11.00M	172.00M	770.00M	-641.00M	-2.22B	-703.00M
Financing Cash Flow	-825.00M	-51.00M	-285.00M	148.00M	2.64B	784.00M

ALM Equity AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 48.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 48 is above the 20-day moving average (MA) of 47.90, below the 50-day MA of 48.84, and below the 200-day MA of 77.81, indicating a neutral trend. The MACD of -0.19 indicates Negative momentum. The RSI at 47.88 is Neutral, neither overbought nor oversold. The STOCH value of 68.44 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TRIAN.B	70 Neutral	€3.68B	14.75	7.48%	―	2.86%	―
DIOS	69 Neutral	€9.07B	11.38	6.82%	2.55%	3.27%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
STEF.B	66 Neutral	€6.33B	21.62	5.41%	―	4.93%	1059.50%
ACRI.A	63 Neutral	€697.76M	15.64	―	12.73%	-0.13%	425.84%
ACRI.B	62 Neutral	kr697.76M	13.85	―	13.27%	-0.13%	425.84%
ALM	48 Neutral	kr807.19M	-1.71	―	―	-13.30%	75.75%