Atrium Ljungberg AB Class B (ATRLJ.B) AI Stock Analysis

• Market Cap: kr22.34B
• Dividend Yield: 2.2%
• Average Volume (3M): 262.95K
• Price to Earnings (P/E): 20.5
• Beta (1Y): 0.51
• Revenue Growth: -1.77%
• EPS Growth: 1579.70%
• Country: SE
• Employees: 281
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 0.51
• Shares Outstanding: 646,103,700
• 10 Day Avg. Volume: 267,043
• 30 Day Avg. Volume: 262,948
• PEG Ratio: -0.25
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 7.11
• P/FCF Ratio: 19.93
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: kr38.00 ▲(10.08% Upside)

The score is driven primarily by mixed financial performance (strong margins but weak revenue growth and operating cash generation) and supported by solid technical strength (price above key moving averages with positive momentum). Valuation is neutral-to-slightly unattractive given the P/E and a modest dividend yield.

Positive Factors

Strong gross and EBIT margins

Sustained high gross and EBIT margins indicate durable operational efficiency and pricing power in property operations. This margin base supports internal funding for maintenance and selective development, cushioning returns during cyclical softness and aiding long-term profitability.

Balanced leverage and solid equity base

A roughly 1:1 debt-to-equity ratio and a 44% equity ratio signal a balanced capital structure, giving the company financial flexibility. This stability supports access to financing for development projects and helps absorb real estate cycle volatility over multi-quarter horizons.

Urban mixed-use focus and diversified rental income

Concentration on urban, mixed-use developments with sustainable design aligns with enduring demand for city living and workspace. Diverse rental streams (retail, office, residential) plus partnerships with local governments support stable cash flows and long-term redevelopment opportunities.

Negative Factors

Material revenue decline

A steep, multi-quarter revenue contraction reduces scale and undermines operating leverage. Persistent top-line declines can constrain reinvestment in developments, reduce rental income predictability, and force reliance on asset sales or external funding to sustain growth plans.

Weak operating cash generation

Low operating cash conversion and a large drop in free cash flow growth limit the firm's ability to self-fund developments and capital expenditures. Over months, this heightens reliance on external financing, potentially raising funding costs or leading to asset disposals to meet cash needs.

Declining return on equity

A low and falling ROE suggests the company is generating limited returns on shareholder capital. Persistently weak ROE can signal inefficient capital allocation or slow project monetization, undermining long-term shareholder value creation and strategic flexibility.

Atrium Ljungberg AB Class B Business Overview & Revenue Model

Company Description

Atrium Ljungberg AB Class B (ATRLJ.B) is a Swedish real estate company that focuses on the development, management, and ownership of properties primarily in urban areas. The company operates in sectors such as commercial real estate, residential development, and mixed-use projects, with a strong emphasis on sustainability and innovative urban environments. Atrium Ljungberg's core services include property management, leasing, and real estate development, catering to both retail and office spaces within vibrant city environments.

How the Company Makes Money

Atrium Ljungberg generates revenue primarily through rental income from its diverse portfolio of properties, which includes shopping centers, office buildings, and residential units. The company also earns money through property sales and development projects, where it capitalizes on the appreciation of real estate values and the demand for modern, sustainable buildings. Key revenue streams include long-term leases with commercial tenants, which provide a stable income base, and income from residential units. Additionally, Atrium Ljungberg engages in partnerships with local governments and other developers to create urban spaces that align with community needs, enhancing their revenue potential through collaborative projects and developments.

Atrium Ljungberg AB Class B Financial Statement Overview

Summary

Atrium Ljungberg AB Class B demonstrates operational efficiency with strong gross and EBIT margins. However, challenges in revenue growth and cash flow generation, along with a decline in net profit margin and return on equity, indicate areas for improvement.

Income Statement

Atrium Ljungberg AB Class B shows a mixed performance in its income statement. The TTM data reveals a decline in revenue growth rate by 32.3%, indicating potential challenges in revenue generation. However, the company maintains strong gross profit and EBIT margins at 61.98% and 45.87% respectively, showcasing operational efficiency. The net profit margin has decreased to 20.67% from 24.18% in the previous year, reflecting some pressure on profitability.

Balance Sheet

The balance sheet of Atrium Ljungberg AB Class B is relatively stable with a debt-to-equity ratio of 0.96, indicating a balanced leverage position. The return on equity has decreased to 2.52% in the TTM period, suggesting reduced profitability for shareholders. The equity ratio stands at 44.41%, reflecting a solid equity base relative to total assets.

Cash Flow

The cash flow statement indicates a decline in free cash flow growth by 134.2% in the TTM period, highlighting potential liquidity concerns. The operating cash flow to net income ratio is 0.21, suggesting that cash generation from operations is lower compared to net income. However, the free cash flow to net income ratio remains strong at 98.48%, indicating efficient cash conversion from earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.39B	3.52B	3.23B	3.13B	3.08B	2.81B
Gross Profit	2.11B	2.15B	2.02B	1.73B	1.66B	1.52B
EBITDA	2.01B	1.62B	1.90B	4.30B	4.57B	1.25B
Net Income	1.07B	850.00M	-954.00M	4.29B	3.76B	867.00M
Balance Sheet
Total Assets	63.75B	61.58B	61.78B	63.90B	54.28B	49.62B
Cash, Cash Equivalents and Short-Term Investments	320.00M	129.00M	119.00M	380.00M	719.00M	279.00M
Total Debt	27.22B	25.80B	26.26B	26.67B	21.59B	20.08B
Total Liabilities	35.44B	33.65B	34.26B	34.76B	28.74B	26.95B
Stockholders Equity	28.31B	27.93B	27.52B	29.14B	25.54B	22.67B
Cash Flow
Free Cash Flow	956.00M	1.25B	1.08B	1.55B	1.23B	1.24B
Operating Cash Flow	962.00M	1.28B	1.09B	1.57B	1.25B	1.25B
Investing Cash Flow	-2.92B	-243.00M	-494.00M	-5.98B	-1.42B	725.00M
Financing Cash Flow	1.63B	-1.03B	-853.00M	4.08B	614.00M	-2.15B

Atrium Ljungberg AB Class B Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 34.52
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ATRLJ.B, the sentiment is Positive. The current price of 34.52 is above the 20-day moving average (MA) of 33.13, above the 50-day MA of 33.43, and above the 200-day MA of 32.50, indicating a bullish trend. The MACD of 0.32 indicates Negative momentum. The RSI at 67.25 is Neutral, neither overbought nor oversold. The STOCH value of 92.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ATRLJ.B.

Atrium Ljungberg AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NP3	73 Outperform	kr16.57B	15.24	12.28%	1.75%	14.33%	204.60%
WIHL	71 Outperform	kr29.07B	13.03	9.74%	3.60%	5.18%	349.60%
ATRLJ.B	69 Neutral	kr22.34B	20.50	3.82%	2.20%	-1.77%	1579.70%
HUFV.A	66 Neutral	kr24.19B	22.80	3.94%	2.27%	1.72%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
CAST	60 Neutral	kr52.04B	17.75	4.49%	1.77%	-2.45%	―
FABG	54 Neutral	kr26.25B	91.78	0.76%	2.39%	-3.46%	―