Balco Group AB (SE:BALCO)
:BALCO
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Balco Group AB
(BALCO)
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Rating:44Neutral
Price Target:
kr14.50
▼(-10.49% Downside)
Action:ReiteratedDate:02/08/26
The score is primarily held down by weakening financial performance (losses, margin compression, volatile cash flow, and higher leverage). Technicals are only modestly supportive in the short term but remain weak longer term, and valuation is unattractive given negative earnings and no stated dividend.
Positive Factors
Vertical integration
Balco’s end-to-end model (design through installation) is a durable competitive advantage: it allows control over quality, scheduling and margins across projects, supports bundled pricing, and creates higher switching costs with customers, aiding stable project win rates.
Negative Factors
Profitability deterioration
The shift to an annual loss and compressed margins is a structural warning: persistent negative operating profit undermines internal funding, erodes returns, and can force price concessions or cost cutting that weaken long-term competitiveness if the company cannot restore scale or improve execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical integration
Balco’s end-to-end model (design through installation) is a durable competitive advantage: it allows control over quality, scheduling and margins across projects, supports bundled pricing, and creates higher switching costs with customers, aiding stable project win rates.
Read all positive factors
Balco Group AB (BALCO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr356.84M
Dividend YieldN/A
Average Volume (3M)25.55K
Price to Earnings (P/E)―
Beta (1Y)0.40
Revenue Growth-0.80%
EPS Growth-442.39%
CountrySE
Employees562
SectorConsumer Cyclical
Sector Strength84
IndustryConstruction
Share Statistics
EPS (TTM)-0.02
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)1.25
Revenue Forecast (FY)kr1.38B
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 Group AB makes money by selling balcony projects and related services, typically delivered as end-to-end contracts that combine product supply and installation. Its revenue model is primarily project-based: (1) Balcony renovation contracts, ...
Balco Group AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
41
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.30B | 1.42B | 1.21B | 1.33B | 1.12B |
| Gross Profit | 159.50M | 247.90M | 245.35M | 287.61M | 296.21M |
| EBITDA | 32.10M | 89.42M | 118.41M | 145.45M | 153.79M |
| Net Income | -35.80M | 1.10M | 45.90M | 76.15M | 90.24M |
Balance Sheet | |||||
| Total Assets | 1.72B | 1.63B | 1.27B | 1.30B | 1.25B |
| Cash, Cash Equivalents and Short-Term Investments | 158.10M | 103.10M | 2.81M | 51.87M | 117.50M |
| Total Debt | 583.90M | 425.80M | 244.42M | 156.70M | 214.50M |
| Total Liabilities | 986.30M | 831.70M | 519.25M | 565.57M | 553.58M |
| Stockholders Equity | 732.50M | 796.80M | 746.14M | 729.79M | 692.00M |
Cash Flow | |||||
| Free Cash Flow | 10.80M | 72.20M | -39.40M | 128.88M | 45.70M |
| Operating Cash Flow | 15.00M | 85.30M | -26.13M | 153.02M | 62.52M |
| Investing Cash Flow | -49.10M | -95.70M | -52.90M | -52.59M | -102.11M |
| Financing Cash Flow | 90.80M | 113.10M | 29.62M | -167.68M | -57.49M |
Balco Group AB Technical Analysis
Neutral
16.20
Price Trends
15.63
Negative
16.41
Negative
20.16
Negative
Market Momentum
-0.13
Negative
52.90
Neutral
39.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BALCO, the sentiment is Neutral. The current price of 16.2 is above the 20-day moving average (MA) of 15.01, above the 50-day MA of 15.63, and below the 200-day MA of 20.16, indicating a neutral trend. The MACD of -0.13 indicates Negative momentum. The RSI at 52.90 is Neutral, neither overbought nor oversold. The STOCH value of 39.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | kr7.44B | 12.87 | 25.41% | 2.02% | 6.44% | 0.49% | |
71 Outperform | kr4.09B | 19.26 | 10.51% | 3.07% | 2.08% | -7.27% | |
66 Neutral | kr9.17B | 18.51 | 9.42% | 3.37% | 3.41% | -1.70% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | kr3.20B | 52.58 | 4.76% | ― | -5.16% | -48.79% | |
61 Neutral | kr3.29B | 16.85 | 7.24% | 1.40% | 4.04% | 433.33% | |
44 Neutral | kr356.84M | -11.13 | -4.80% | ― | -0.80% | -442.39% |
* Consumer Cyclical Sector Average
SE:BALCO
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Balco Group AB Corporate Events
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...
Balco Group Sets Date for Fourth-Quarter 2025 Results and Webcast
Jan 20, 2026
Balco Group AB will publish its interim report for the fourth quarter of 2025 on 6 February 2026 at 13:00 CET and will follow up with a webcast conference call at 14:00 CET the same day, led by CEO and President Camilla Ekdahl and interim CFO Cari...
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.