Fastighets AB Balder (BALD.B) AI Stock Analysis

• Market Cap: kr79.11B
• Dividend Yield: N/A
• Average Volume (3M): 1.45M
• Price to Earnings (P/E): 8.7
• Beta (1Y): 0.52
• Revenue Growth: 7.72%
• EPS Growth: N/A
• Country: SE
• Employees: 1,083
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): 1.38
• Shares Outstanding: 1,122,623,400
• 10 Day Avg. Volume: 1,303,733
• 30 Day Avg. Volume: 1,446,323
• PEG Ratio: -0.18
• Price to Book (P/B): 1.02
• Price to Sales (P/S): 6.99
• P/FCF Ratio: 19.21
• 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: kr80.00
• Price Target Upside: 10.22% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 4.77
• Revenue Forecast (FY): kr13.75B

• Rating: 68 Neutral
• Price Target: kr75.00 ▲(3.33% Upside)

Fastighets AB Balder's strong financial performance and attractive valuation are the primary strengths, offset by technical indicators suggesting a neutral market sentiment. High leverage remains a risk factor.

Positive Factors

Cash Generation Ability

Strong free cash flow generation indicates efficient operations and provides the company with flexibility to invest in growth opportunities or reduce debt.

Profitability

High profitability margins reflect efficient operations and a strong business model, which can support sustained earnings and shareholder returns.

Market Position

Geographic diversification across Sweden, Norway, and Denmark enhances market position and reduces dependency on a single market, supporting long-term stability.

Negative Factors

High Leverage

High leverage can increase financial risk, especially in a rising interest rate environment, potentially impacting cash flow and financial flexibility.

Earnings Volatility

Fluctuating profit margins indicate potential earnings volatility, which can affect investor confidence and long-term financial planning.

Modest Revenue Growth

Modest revenue growth suggests limited expansion in market share, which could impact the company's ability to capitalize on growth opportunities.

Fastighets AB Balder Business Overview & Revenue Model

Company Description

Fastighets AB Balder (BALD.B) is a Swedish real estate company that focuses on the acquisition, development, and management of residential and commercial properties. The company operates primarily in Sweden but has also expanded its portfolio to include properties in Norway and Denmark. Balder's core services include property management, leasing, and property development, with a significant emphasis on creating sustainable living environments and enhancing the value of its real estate assets.

How the Company Makes Money

Fastighets AB Balder generates revenue through multiple streams primarily centered around its property portfolio. The main revenue source comes from rental income derived from its residential and commercial properties, which are leased to tenants. Additionally, the company engages in property development, where it invests in new projects or refurbishments, allowing it to sell developed properties or lease them for long-term income. Balder also benefits from property value appreciation over time, contributing to its overall earnings when properties are sold or refinanced. The company maintains strategic partnerships with various stakeholders in the real estate sector, enhancing its market position and broadening its revenue opportunities through collaborative developments and joint ventures.

Fastighets AB Balder Financial Statement Overview

Summary

Fastighets AB Balder shows strong profitability with high margins and solid cash flow generation. However, high leverage poses a risk in a rising interest rate environment, and fluctuations in net income margins suggest potential earnings volatility.

Income Statement

Fastighets AB Balder shows strong profitability with a high gross profit margin of 75.05% and a net profit margin of 49.22% in the TTM period. Revenue growth is modest at 1.67%, indicating stable but slow expansion. The EBIT and EBITDA margins are robust at 65.60% and 66.31% respectively, reflecting efficient operations. However, the net profit margin has fluctuated significantly over the years, suggesting potential volatility in earnings.

Balance Sheet

The company maintains a high debt-to-equity ratio of 1.53, indicating significant leverage, which could pose a risk if interest rates rise. Return on equity is moderate at 7.47% in the TTM period, showing decent profitability for shareholders. The equity ratio is not explicitly provided, but the company's substantial asset base supports its equity position.

Cash Flow

Fastighets AB Balder demonstrates strong free cash flow generation with a growth rate of 5.60% in the TTM period. The free cash flow to net income ratio is nearly 1, indicating efficient conversion of earnings into cash. However, the operating cash flow to net income ratio is not available, which limits a full assessment of cash flow efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.61B	12.88B	11.94B	10.52B	8.96B	8.13B
Gross Profit	10.22B	9.61B	8.91B	7.80B	6.74B	6.21B
EBITDA	9.04B	10.17B	-4.31B	15.37B	24.65B	10.63B
Net Income	9.18B	3.30B	-6.75B	10.18B	18.51B	6.64B
Balance Sheet
Total Assets	277.69B	267.93B	253.75B	263.77B	229.93B	180.40B
Cash, Cash Equivalents and Short-Term Investments	11.18B	6.44B	3.85B	5.59B	3.24B	4.47B
Total Debt	147.78B	141.44B	136.58B	137.14B	119.03B	90.53B
Total Liabilities	171.49B	166.19B	159.76B	160.87B	141.37B	112.52B
Stockholders Equity	93.12B	88.42B	82.31B	90.19B	77.61B	58.21B
Cash Flow
Free Cash Flow	4.60B	4.68B	4.67B	4.91B	1.46B	-940.00M
Operating Cash Flow	4.66B	4.74B	4.86B	5.05B	1.53B	6.52B
Investing Cash Flow	-13.71B	-9.44B	-6.21B	-12.91B	-29.88B	-16.99B
Financing Cash Flow	10.06B	5.65B	-212.00M	10.50B	25.12B	13.56B

Fastighets AB Balder Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 72.58
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BALD.B, the sentiment is Negative. The current price of 72.58 is above the 20-day moving average (MA) of 67.62, above the 50-day MA of 68.74, and above the 200-day MA of 67.94, indicating a bearish trend. The MACD of -0.50 indicates Positive momentum. The RSI at 39.86 is Neutral, neither overbought nor oversold. The STOCH value of 33.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BALD.B.

Fastighets AB Balder Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WIHL	78 Outperform	kr28.28B	12.68	9.74%	3.57%	5.18%	349.60%
LUND.B	70 Outperform	kr126.48B	16.65	6.47%	0.92%	7.90%	-18.95%
BALD.B	68 Neutral	kr79.11B	8.68	10.31%	―	7.72%	―
WALL.B	66 Neutral	kr29.12B	15.32	6.07%	1.17%	-5.96%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SAGA.A	65 Neutral	€75.80B	30.33	―	1.77%	8.15%	-14.95%
CAST	60 Neutral	kr50.35B	17.17	4.49%	1.78%	-2.45%	―