ALM Equity AB (SE:ALM)
:ALM
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ALM Equity AB
(ALM)
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Rating:44Neutral
Price Target:
kr56.00
▲(2.94% Upside)
Action:ReiteratedDate:03/03/26
The score is primarily held back by weak and volatile financial performance (ongoing losses, steep 2025 revenue drop, and inconsistent cash flow), only partly offset by meaningful debt reduction. Technicals add additional pressure with the stock below key moving averages and bearish momentum signals. Valuation is difficult to support with a negative P/E and no dividend yield provided.
Positive Factors
Material debt reduction and improved leverage
Significant debt reduction materially lowers refinancing and liquidity risk for a real estate owner-developer. Lower leverage increases flexibility to fund project completions, reduces interest burden, and strengthens the balance sheet resilience over the next 2–6 months when project timing and financing availability matter.
Negative Factors
Sharp and volatile revenue decline
A large, rapid drop in revenue and negative gross profit indicate project timing, sales or pricing failures that materially weaken near-term earnings power. Persistent top-line volatility undermines predictability of cash flows and project economics, complicating planning and raising execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Material debt reduction and improved leverage
Significant debt reduction materially lowers refinancing and liquidity risk for a real estate owner-developer. Lower leverage increases flexibility to fund project completions, reduces interest burden, and strengthens the balance sheet resilience over the next 2–6 months when project timing and financing availability matter.
Read all positive factors
ALM Equity AB (ALM) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr885.31M
Dividend YieldN/A
Average Volume (3M)6.77K
Price to Earnings (P/E)―
Beta (1Y)0.53
Revenue Growth-68.50%
EPS Growth71.70%
CountrySE
Employees68
SectorFinancial
Sector Strength70
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)6.84
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)-3.04
Revenue Forecast (FY)kr1.74B
ALM Equity AB Business Overview & Revenue Model
Company Description
ALM Equity AB (publ) operates as a real estate development company in Sweden. The company operates through five segments: Management, Project Development, Construction, Financing, and Digital Services. The Management segment acquires and manages s...
How the Company Makes Money
ALM primarily makes money through (1) property development profits and (2) recurring income from owned investment properties. In the development business, revenue is generated when residential units or completed properties are sold (or when projec...
ALM Equity AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
44
Neutral
Cash Flow
26
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 985.00M | 3.13B | 2.39B | 6.90B | 5.26B |
| Gross Profit | -63.00M | 273.00M | 242.00M | 1.73B | 3.32B |
| EBITDA | -91.00M | -850.00M | 176.00M | 1.63B | 32.00M |
| Net Income | -215.00M | -950.00M | -1.98B | -576.00M | 3.39B |
Balance Sheet | |||||
| Total Assets | 4.21B | 5.47B | 7.66B | 11.52B | 13.13B |
| Cash, Cash Equivalents and Short-Term Investments | 820.00M | 1.77B | 1.02B | 1.18B | 2.15B |
| Total Debt | 1.31B | 2.01B | 4.16B | 4.31B | 5.06B |
| Total Liabilities | 1.86B | 2.71B | 4.68B | 5.76B | 5.98B |
| Stockholders Equity | 2.25B | 2.77B | 2.48B | 4.97B | 5.94B |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 1.10B | -1.12B | -388.00M | 828.00M |
| Operating Cash Flow | 8.00M | 1.11B | -1.11B | -388.00M | 832.00M |
| Investing Cash Flow | -30.00M | 172.00M | 770.00M | -641.00M | -2.22B |
| Financing Cash Flow | -829.00M | -51.00M | -285.00M | 148.00M | 2.64B |
ALM Equity AB Technical Analysis
Positive
54.40
Price Trends
52.05
Positive
53.47
Positive
58.15
Positive
Market Momentum
1.39
Negative
72.81
Negative
65.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ALM, the sentiment is Positive. The current price of 54.4 is above the 20-day moving average (MA) of 51.87, above the 50-day MA of 52.05, and below the 200-day MA of 58.15, indicating a bullish trend. The MACD of 1.39 indicates Negative momentum. The RSI at 72.81 is Negative, neither overbought nor oversold. The STOCH value of 65.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | kr611.78M | 6.73 | ― | 13.40% | -19.76% | 88.08% | |
69 Neutral | kr611.78M | 6.70 | 7.08% | 13.73% | -19.76% | 88.08% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | kr8.98B | 11.51 | 6.83% | 2.58% | 5.30% | 16.67% | |
55 Neutral | kr3.24B | 12.17 | 7.48% | ― | 1.21% | 42.73% | |
44 Neutral | kr885.31M | -6.62 | ― | ― | -68.50% | 71.70% |
* Financial Sector Average
SE:ALM
ALM Equity AB
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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.