Balco Group AB (SE:BALCO)
:BALCO
Want to see SE:BALCO full AI Analyst Report?
Top Page
Balco Group AB
(BALCO)
Select Model
Select Model
Rating:46Neutral
Price Target:
kr14.50
▼(-10.49% Downside)
Action:ReiteratedDate:04/29/26
The score is held back primarily by deteriorated profitability (loss-making operations) and increased leverage despite improved cash flow. Technicals also point to a sustained downtrend with weak momentum. Valuation is not supportive given the negative P/E and no stated dividend yield.
Positive Factors
Improved cash generation
Marked improvement in operating and free cash flow provides durable internal financing for working capital, capex and debt service. Sustained cash conversion reduces reliance on external funding and gives the business flexibility to fund projects, support installations, and manage restructuring if margins recover.
Negative Factors
Deteriorated profitability
Material margin compression and a return to negative operating and net results signal structural pressure on pricing, costs or execution. Persistently weak profitability erodes project-level economics, undermines ability to self-fund growth and makes sustainable recovery dependent on meaningful margin restoration.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
Marked improvement in operating and free cash flow provides durable internal financing for working capital, capex and debt service. Sustained cash conversion reduces reliance on external funding and gives the business flexibility to fund projects, support installations, and manage restructuring if margins recover.
Read all positive factors
Balco Group AB (BALCO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr323.45M
Dividend YieldN/A
Average Volume (3M)25.55K
Price to Earnings (P/E)―
Beta (1Y)0.47
Revenue Growth-8.66%
EPS Growth-1468.93%
CountrySE
Employees562
SectorConsumer Cyclical
Sector Strength84
IndustryConstruction
Share Statistics
EPS (TTM)N/A
Shares Outstanding23,021,648
10 Day Avg. Volume15,400
30 Day Avg. Volume25,553
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.54
Price to Sales (P/S)0.31
P/FCF Ratio36.88
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)1.08
Revenue Forecast (FY)kr1.36B
Balco Group AB Business Overview & Revenue Model
Company Description
Balco Group AB (BALCO) is a Swedish company specializing in the manufacturing and supply of balcony solutions, primarily serving the residential construction sector. The company operates in the building and construction industry, focusing on enhan...
How the Company Makes Money
Balco makes money by selling complete balcony renovation and upgrade projects to customers such as housing associations, property owners, and construction/renovation stakeholders. Revenue is generated primarily through (1) turnkey contracts that b...
Balco Group AB Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
52
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.28B | 1.30B | 1.42B | 1.21B | 1.33B | 1.12B |
| Gross Profit | 202.00M | 159.50M | 247.90M | 245.35M | 287.61M | 296.21M |
| EBITDA | 61.50M | 32.10M | 89.42M | 118.41M | 145.45M | 153.79M |
| Net Income | -6.50M | -35.80M | 1.10M | 45.90M | 76.15M | 90.24M |
Balance Sheet | ||||||
| Total Assets | 1.69B | 1.72B | 1.63B | 1.27B | 1.30B | 1.25B |
| Cash, Cash Equivalents and Short-Term Investments | 169.40M | 158.10M | 103.10M | 2.81M | 51.87M | 117.50M |
| Total Debt | 538.30M | 583.90M | 425.80M | 244.42M | 156.70M | 214.50M |
| Total Liabilities | 948.30M | 986.30M | 831.70M | 519.25M | 565.57M | 553.58M |
| Stockholders Equity | 734.00M | 732.50M | 796.80M | 746.14M | 729.79M | 692.00M |
Cash Flow | ||||||
| Free Cash Flow | 69.20M | 10.80M | 72.20M | -39.40M | 128.88M | 45.70M |
| Operating Cash Flow | 79.80M | 15.00M | 85.30M | -26.13M | 153.02M | 62.52M |
| Investing Cash Flow | -43.50M | -49.10M | -95.70M | -52.90M | -52.59M | -102.11M |
| Financing Cash Flow | 104.40M | 90.80M | 113.10M | 29.62M | -167.68M | -57.49M |
Balco Group AB Technical Analysis
Positive
16.20
Price Trends
15.52
Positive
16.23
Positive
19.81
Negative
Market Momentum
0.12
Negative
61.79
Neutral
91.40
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BALCO, the sentiment is Positive. The current price of 16.2 is above the 20-day moving average (MA) of 15.27, above the 50-day MA of 15.52, and below the 200-day MA of 19.81, indicating a neutral trend. The MACD of 0.12 indicates Negative momentum. The RSI at 61.79 is Neutral, neither overbought nor oversold. The STOCH value of 91.40 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:BALCO.
Balco Group AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | kr6.01B | 12.87 | 25.41% | 2.02% | 4.69% | 2.75% | |
71 Outperform | kr3.95B | 19.26 | 10.51% | 3.07% | 4.70% | 42.16% | |
65 Neutral | kr4.18B | 52.58 | 4.76% | ― | -11.15% | -53.91% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | kr8.02B | 18.51 | 9.42% | 3.37% | 0.67% | -12.32% | |
51 Neutral | kr2.81B | -7.38 | 7.24% | 1.40% | 0.60% | 92.08% | |
46 Neutral | kr323.45M | -11.13 | -4.80% | ― | -8.66% | -1468.93% |
* Consumer Cyclical Sector Average
SE:BALCO
Balco Group AB
14.05
-9.85
-41.21%
SE:KAMBI
Kambi Group
158.60
52.60
49.62%
SE:INWI
Inwido AB
138.30
-61.77
-30.87%
SE:RVRC
RVRC Holding AB
56.00
7.11
14.54%
SE:BMAX
Byggmax Group AB
47.90
0.57
1.21%
SE:FMM.B
FM Mattsson Mora Group AB Class B
93.40
46.72
100.10%
Balco Group AB Corporate Events
Balco Group Names Johan Fälth Managing Director of Balco AB
Apr 28, 2026
Balco Group has appointed long-time executive Johan Fälth as the new Managing Director of Balco AB, effective May 1, 2026, while he continues to sit on Group Management. Fälth, who has spent 16 years at the company in senior roles spanni...
Balco Group Grows Order Backlog but Struggles to Lift Profitability in Q1 2026
Apr 27, 2026
Balco Group AB reported first-quarter 2026 net sales of SEK 299 million, down 5% year-on-year, with adjusted operating profit roughly at break-even and profitability still below targets despite some improvement. Order intake was stable at SEK 270 ...
Balco Group Sets Webcast for First-Quarter 2026 Results
Apr 8, 2026
Balco Group AB will publish its interim report for the first quarter of 2026 at 13:00 CET on April 27, 2026, followed by a webcast conference call at 14:00 CET led by CEO and President Camilla Ekdahl and CFO Viktor Arvidsson. Investors and other s...
Balco Group Sets May Date and Voting Rules for 2026 AGM
Mar 31, 2026
Balco Group AB has called its Annual General Meeting for 5 May 2026 in Växjö, offering shareholders the option to participate in person, by proxy or via postal voting in line with the Swedish Companies Act and the company’s Article...
Balco Group Releases 2025 Annual and Sustainability Report
Mar 27, 2026
Balco Group AB has published its Annual and Sustainability Report for 2025 in Swedish and English, presenting audited annual and consolidated financial statements along with a reviewed corporate governance report. The extensive report outlines the...
Balco Group Releases Comprehensive 2025 Annual and Sustainability Report
Mar 27, 2026
Balco Group AB has published its Annual and Sustainability Report for 2025 in both Swedish and English, with the Swedish version as the original. The report compiles audited annual and consolidated financial statements, a reviewed corporate govern...
Balco Group Proposes New Chairman and Board Line-Up
Mar 23, 2026
Balco Group AB’s Nomination Committee has proposed a new six-member Board of Directors, including the re-election of Carl-Mikael Lindholm, Thomas Widstrand and Vibecke Hverven, and the election of Anders Davidsson as Chairman alongside new m...
Balco Group Board Member Johannes Nyberg to Step Down
Mar 3, 2026
Balco Group has announced that long‑serving board member Johannes Nyberg will step down from the Board of Directors, a position he has held since the company’s 2017 IPO. Nyberg, who has also played a key role on the Audit Committee ove...
Balco Group Secures Record Orders but Posts 2025 Loss Amid Profitability Push
Feb 6, 2026
Balco Group reported a record order intake for both the fourth quarter and full year 2025, driven by its largest-ever single order of about SEK 200 million from German shipyard Meyer Werft and several major public housing renovation projects, lift...
Balco Subsidiary RK Teknik Wins SEK 80 Million in Public Housing Balcony Orders
Jan 29, 2026
RK Teknik, a subsidiary of Balco Group, has won three major public housing projects in Luleå, Stockholm and Gothenburg with a combined order value of about SEK 80 million, covering the delivery and installation of glazed and open balconies, a...
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.