Fastighets AB Balder (SE:BALD.B)
:BALD.B
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Fastighets AB Balder
(BALD.B)
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Rating:62Neutral
Price Target:
kr63.00
▼(-13.20% Downside)
Action:ReiteratedDate:02/08/26
The score is driven primarily by improved recent profitability and cash generation, tempered by persistently high leverage and historically volatile results. Technical indicators are neutral-to-slightly weak (negative MACD, flat positioning vs. moving averages), while valuation is supportive due to a low P/E, with no dividend data to strengthen the case further.
Positive Factors
Free cash flow generation
Sustained and rising free cash flow demonstrates the business's ability to convert rental and operating income into real cash. That durable cash generation supports reinvestment in properties, funds development activity, services debt obligations, and increases financial resilience over multiple economic cycles.
Negative Factors
High leverage
Consistently high leverage materially raises refinancing and interest-rate risk for a property company whose asset values and cash flows are cyclical. Elevated debt limits strategic flexibility, increases sensitivity to property valuation moves, and reduces buffers during downturns, a persistent structural constraint.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Sustained and rising free cash flow demonstrates the business's ability to convert rental and operating income into real cash. That durable cash generation supports reinvestment in properties, funds development activity, services debt obligations, and increases financial resilience over multiple economic cycles.
Read all positive factors
Fastighets AB Balder (BALD.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr69.71B
Dividend YieldN/A
Average Volume (3M)1.46M
Price to Earnings (P/E)10.6
Beta (1Y)0.49
Revenue Growth7.72%
EPS GrowthN/A
CountrySE
Employees1,083
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)1.34
Shares Outstanding1,122,623,400
10 Day Avg. Volume1,650,800
30 Day Avg. Volume1,461,023
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.86
Price to Sales (P/S)5.91
P/FCF Ratio15.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr79.00Price Target Upside8.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)4.78
Revenue Forecast (FY)kr14.12B
Fastighets AB Balder Business Overview & Revenue Model
Company Description
Fastighets AB Balder (publ) develops, owns, and manages residential and commercial properties in Sweden, Denmark, Finland, Norway, Germany, and the United Kingdom. The company's property portfolio comprises apartments, offices, rooms or working sp...
How the Company Makes Money
Balder primarily makes money through real estate operations. The largest recurring revenue stream is rental income from leasing its properties to tenants under commercial and/or residential lease agreements (segment-level split not available: null...
Fastighets AB Balder Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.72B | 12.88B | 11.94B | 10.52B | 8.96B |
| Gross Profit | 10.22B | 9.61B | 8.91B | 7.80B | 6.74B |
| EBITDA | 13.91B | 10.17B | -4.31B | 15.37B | 24.65B |
| Net Income | 7.62B | 3.30B | -6.75B | 10.18B | 18.51B |
Balance Sheet | |||||
| Total Assets | 276.29B | 267.93B | 253.75B | 263.77B | 229.93B |
| Cash, Cash Equivalents and Short-Term Investments | 10.51B | 6.44B | 3.85B | 5.59B | 3.24B |
| Total Debt | 147.90B | 141.44B | 136.58B | 137.14B | 119.03B |
| Total Liabilities | 169.80B | 166.19B | 159.76B | 160.87B | 141.37B |
| Stockholders Equity | 93.85B | 88.42B | 82.31B | 90.19B | 77.61B |
Cash Flow | |||||
| Free Cash Flow | 5.32B | 4.68B | 4.67B | 4.91B | 1.46B |
| Operating Cash Flow | 5.37B | 4.74B | 4.86B | 5.05B | 1.53B |
| Investing Cash Flow | -11.47B | -9.44B | -6.21B | -12.91B | -29.88B |
| Financing Cash Flow | 8.51B | 5.65B | -212.00M | 10.50B | 25.12B |
Fastighets AB Balder Technical Analysis
Neutral
72.58
Price Trends
62.54
Negative
64.85
Negative
66.76
Negative
Market Momentum
-1.89
Negative
48.26
Neutral
86.09
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BALD.B, the sentiment is Neutral. The current price of 72.58 is above the 20-day moving average (MA) of 57.81, above the 50-day MA of 62.54, and above the 200-day MA of 66.76, indicating a neutral trend. The MACD of -1.89 indicates Negative momentum. The RSI at 48.26 is Neutral, neither overbought nor oversold. The STOCH value of 86.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:BALD.B.
Fastighets AB Balder Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr137.02B | 10.50 | 6.47% | 0.92% | 7.90% | -18.95% | |
67 Neutral | kr26.82B | 12.64 | 9.74% | 3.60% | 5.18% | 349.60% | |
66 Neutral | kr27.72B | 10.43 | 6.07% | 1.25% | -5.96% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | kr69.71B | 10.65 | 10.31% | ― | 7.72% | ― | |
54 Neutral | kr55.23B | 55.83 | 1.27% | 1.77% | -2.45% | ― |
* Real Estate Sector Average
SE:BALD.B
Fastighets AB Balder
59.12
-1.78
-2.92%
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88.05
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-0.09%
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.