Fastighets AB Balder (BALD.B) AI Stock Analysis

• Market Cap: kr80.47B
• Dividend Yield: N/A
• Average Volume (3M): 1.12M
• Price to Earnings (P/E): 12.4
• Beta (1Y): 0.84
• Revenue Growth: 7.80%
• EPS Growth: N/A
• Country: SE
• Employees: 1,083
• Sector: Real Estate
• Sector Strength: 59
• Industry: Real Estate - Diversified
• EPS (TTM): 1.36
• Shares Outstanding: 1,122,623,400
• 10 Day Avg. Volume: 892,830
• 30 Day Avg. Volume: 1,120,914
• 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: kr83.00
• Price Target Upside: 20.25% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: kr75.00 ▲(8.66% Upside)

Fastighets AB Balder's overall stock score is primarily driven by its strong profitability and efficient operations, despite challenges in cash flow management and earnings volatility. The technical analysis indicates a balanced market sentiment with short-term bullish momentum. The valuation suggests the stock is reasonably priced, supporting its stability in the real estate sector.

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 spaces, retail spaces, restaurants or cafés, industrial spaces, warehouses, and storage spaces, as well as garages and parking spaces. As of December 31, 2021, it owned 1,678 investment properties with a lettable area of 5,509 thousand square meters. The company was incorporated in 1995 and is headquartered in Gothenburg, Sweden.

How the Company Makes Money

Fastighets AB Balder generates revenue primarily through rental income from its extensive portfolio of residential and commercial properties. The company capitalizes on property management services, ensuring high occupancy rates and tenant satisfaction. Revenue is also derived from the strategic development and sale of properties, where Balder identifies opportunities for new constructions or renovations to enhance property value. Additionally, the company's earnings are bolstered by its investments in associated companies and joint ventures, which provide income through dividends and share of profits. Balder's strategic partnerships and focus on sustainability also contribute to its operational efficiency and cost management, further supporting its financial performance.

Fastighets AB Balder Financial Statement Overview

Summary

Fastighets AB Balder demonstrates strong revenue growth and improved profitability, with a notable net profit margin of 50.1% in TTM. However, the high debt-to-equity ratio of 1.54 poses a risk, despite a solid equity base. Cash flow is robust, but high investment outflows may impact future liquidity.

Income Statement

Fastighets AB Balder demonstrated strong revenue growth with a 10.3% increase from 2023 to TTM (Trailing-Twelve-Months). The gross profit margin improved slightly to 74.7% in TTM, indicating efficient cost management. Net profit margin surged to 50.1% in TTM, showing robust profitability recovery. The EBIT margin remained strong at 64.6%, reflecting steady operational efficiency. However, the EBITDA margin slightly decreased to 62.2%, suggesting some pressure on earnings before interest, taxes, depreciation, and amortization.

Balance Sheet

The company's debt-to-equity ratio is relatively high at 1.54, indicating significant leverage which could pose risks in a volatile market. The equity ratio stands at 33.9%, suggesting a balanced capital structure but with room for improvement. Return on equity (ROE) improved significantly to 7.3% in TTM, reflecting enhanced profitability and efficient equity use. Despite the high leverage, the company maintains a solid equity base, which is positive for long-term stability.

Cash Flow

Fastighets AB Balder's free cash flow grew by 8.0% from 2023 to TTM, indicating strong cash generation capabilities. The operating cash flow to net income ratio is 0.77, suggesting effective cash conversion, although there is potential for improvement. The free cash flow to net income ratio stands at 0.77, indicating good cash profitability. While cash flow performance is solid, the high investment outflows could affect future liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.38B	12.88B	11.94B	10.52B	8.96B	8.13B
Gross Profit	10.05B	9.61B	8.91B	7.80B	6.74B	6.21B
EBITDA	8.74B	8.62B	7.89B	13.67B	23.52B	10.31B
Net Income	6.59B	3.30B	-6.75B	10.18B	18.51B	6.64B
Balance Sheet
Total Assets	266.33B	267.93B	253.75B	263.77B	229.93B	180.40B
Cash, Cash Equivalents and Short-Term Investments	4.35B	6.44B	3.85B	5.59B	3.24B	4.47B
Total Debt	139.20B	141.44B	136.58B	137.14B	119.03B	90.53B
Total Liabilities	162.29B	166.19B	159.76B	160.87B	141.37B	112.52B
Stockholders Equity	90.96B	88.42B	82.31B	90.19B	77.61B	58.21B
Cash Flow
Free Cash Flow	4.36B	4.68B	4.67B	4.91B	1.46B	-940.00M
Operating Cash Flow	4.41B	4.74B	4.86B	5.05B	1.53B	6.52B
Investing Cash Flow	-8.92B	-9.44B	-6.21B	-12.91B	-29.88B	-16.99B
Financing Cash Flow	3.58B	5.65B	-212.00M	10.50B	25.12B	13.56B

Fastighets AB Balder Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 69.02
• 50DMA: Positive
• 100DMA: Positive
• 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 Positive. The current price of 69.02 is above the 20-day moving average (MA) of 68.41, above the 50-day MA of 68.20, and below the 200-day MA of 72.64, indicating a neutral trend. The MACD of -0.19 indicates Positive momentum. The RSI at 53.67 is Neutral, neither overbought nor oversold. The STOCH value of 54.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
BALD.B	66 Neutral	kr80.47B	12.40	7.43%	―	7.80%	―
Sector *	63 Neutral	$6.81B	13.54	-1.43%	7.28%	4.64%	-34.02%
0GT1	―	kr53.73B	21.00	3.95%	―	―	―
0GWB	―	kr118.44B	23.07	4.47%	―	―	―
0R7Y	―	kr29.75B	32.01	3.00%	―	―	―
0A0I	―	kr29.94B	16.03	8.38%	―	―	―
EFEA	―	€6.75B	―		―	―	―