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Fastighets AB Balder
(BALD.B)
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Rating:63Neutral
Price Target:
kr54.00
▼(-25.60% Downside)
Action:Reiterated
Date:07/18/26
Overall score reflects solid recovering financial performance with positive cash generation, but meaningfully tempered by high leverage and historical earnings volatility. Technicals add caution given the stock trading below major moving averages and softer momentum, while valuation is supportive due to the low P/E.
Positive Factors
Strong cash generation
Consistent operating cash flow and free cash flow that closely track net income indicate the rental business generates real cash, not just accounting gains. This supports debt servicing, reinvestment in properties and dividends over the medium term, increasing resilience versus cyclical downturns.
Negative Factors
Elevated leverage
High absolute and relative leverage increases sensitivity to interest rates and macro shocks. Elevated debt constrains strategic flexibility, raises refinancing needs, and can amplify earnings volatility if property valuations or rental cash flows weaken over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent operating cash flow and free cash flow that closely track net income indicate the rental business generates real cash, not just accounting gains. This supports debt servicing, reinvestment in properties and dividends over the medium term, increasing resilience versus cyclical downturns.
Read all positive factors
Fastighets AB Balder (BALD.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr62.88B
Dividend YieldN/A
Average Volume (3M)1.46M
Price to Earnings (P/E)8.6
Beta (1Y)0.65
Revenue Growth4.06%
EPS Growth14.75%
CountrySE
Employees1,174
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)6.22
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.35
Revenue Forecast (FY)kr14.27B
Fastighets AB Balder Business Overview & Revenue Model
Company Description
Fastighets AB Balder (publ) focuses on the acquisition, development, and administration of both residential and commercial real estate. Its operations span several European countries, including Sweden, Denmark, Finland, Norway, Germany, and the Un...
How the Company Makes Money
Balder primarily makes money by owning and operating properties and collecting recurring rental income from tenants under lease agreements. Revenue is generated across its portfolio through (1) contracted rents and related tenant recoveries/charge...
Fastighets AB Balder Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.94B | 13.72B | 12.88B | 11.94B | 10.52B | 8.96B |
| Gross Profit | 11.18B | 10.22B | 9.61B | 8.91B | 7.80B | 6.74B |
| EBITDA | 15.46B | 13.91B | 10.17B | -4.31B | 15.37B | 24.65B |
| Net Income | 6.90B | 7.62B | 3.30B | -6.75B | 10.18B | 18.51B |
Balance Sheet | ||||||
| Total Assets | 283.96B | 276.29B | 267.93B | 253.75B | 263.77B | 229.93B |
| Cash, Cash Equivalents and Short-Term Investments | 10.24B | 10.51B | 6.44B | 3.85B | 5.59B | 3.24B |
| Total Debt | 155.54B | 147.90B | 141.44B | 136.58B | 137.14B | 119.03B |
| Total Liabilities | 178.87B | 169.80B | 166.19B | 159.76B | 160.87B | 141.37B |
| Stockholders Equity | 92.06B | 93.85B | 88.42B | 82.31B | 90.19B | 77.61B |
Cash Flow | ||||||
| Free Cash Flow | 4.51B | 5.32B | 4.68B | 4.67B | 4.91B | 1.46B |
| Operating Cash Flow | 4.57B | 5.37B | 4.74B | 4.86B | 5.05B | 1.53B |
| Investing Cash Flow | -16.32B | -11.47B | -9.44B | -6.21B | -12.91B | -29.88B |
| Financing Cash Flow | 14.71B | 8.51B | 5.65B | -212.00M | 10.50B | 25.12B |
Fastighets AB Balder Technical Analysis
Negative
72.58
Price Trends
52.13
Positive
52.47
Positive
56.76
Negative
Market Momentum
0.31
Positive
49.98
Neutral
29.29
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 53.09, above the 50-day MA of 52.13, and above the 200-day MA of 56.76, indicating a neutral trend. The MACD of 0.31 indicates Positive momentum. The RSI at 49.98 is Neutral, neither overbought nor oversold. The STOCH value of 29.29 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr26.90B | 9.91 | 8.25% | 1.36% | 2.45% | 194.60% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | kr21.31B | 20.27 | 3.76% | 2.27% | -4.27% | 22.48% | |
63 Neutral | kr62.88B | 8.60 | 7.35% | ― | 4.06% | 14.75% | |
63 Neutral | kr60.53B | 24.01 | 3.68% | 1.90% | -1.19% | 2.93% | |
56 Neutral | kr16.43B | 28.63 | 2.03% | 4.24% | 6.33% | -18.63% | |
45 Neutral | kr5.46B | -1.56 | -23.45% | ― | -30.28% | ― |
* Real Estate Sector Average
SE:BALD.B
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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.