Fastighets AB Balder (BALD.B) AI Stock Analysis

• Market Cap: kr80.52B
• Dividend Yield: N/A
• Average Volume (3M): 1.33M
• Price to Earnings (P/E): 12.8
• Beta (1Y): 0.80
• Revenue Growth: 8.10%
• EPS Growth: N/A
• Country: SE
• Employees: 1,083
• Sector: Real Estate
• Sector Strength: 55
• Industry: Real Estate - Diversified
• EPS (TTM): 1.30
• Shares Outstanding: 1,122,623,400
• 10 Day Avg. Volume: 1,134,187
• 30 Day Avg. Volume: 1,328,109
• PEG Ratio: -2.27
• Price to Book (P/B): 1.59
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 24.96
• 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: kr81.00
• Price Target Upside: 19.72% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: kr76.00 ▲(12.33%Upside)

Fastighets AB Balder receives a solid score driven by strong financial performance and a fair valuation, despite high leverage risks. Technical indicators suggest a neutral market sentiment with slight upward momentum. The absence of earnings call data and notable corporate events limits the impact of these factors in the overall assessment.

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 shows strong revenue growth and profitability with improving margins. The balance sheet is characterized by high leverage, posing some risk, but a solid equity position provides stability. Cash flow generation is robust, though high investment outflows need careful liquidity management.

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	13.16B	12.88B	11.94B	10.52B	8.96B	8.13B
Gross Profit	9.83B	9.61B	8.91B	7.80B	6.74B	6.21B
EBITDA	8.18B	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	265.29B	267.93B	253.75B	263.77B	229.93B	180.40B
Cash, Cash Equivalents and Short-Term Investments	6.29B	6.44B	3.85B	5.59B	3.24B	4.47B
Total Debt	138.80B	141.44B	136.58B	137.14B	119.03B	90.53B
Total Liabilities	162.65B	166.19B	159.76B	160.87B	141.37B	112.52B
Stockholders Equity	89.98B	88.42B	82.31B	90.19B	77.61B	58.21B
Cash Flow
Free Cash Flow	5.06B	4.68B	4.67B	4.91B	1.46B	-940.00M
Operating Cash Flow	5.11B	4.74B	4.86B	5.05B	1.53B	6.52B
Investing Cash Flow	-7.88B	-9.44B	-6.21B	-12.91B	-29.88B	-16.99B
Financing Cash Flow	2.69B	5.65B	-212.00M	10.50B	25.12B	13.56B

Fastighets AB Balder Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 67.66
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 67.66 is below the 20-day moving average (MA) of 68.81, below the 50-day MA of 67.66, and below the 200-day MA of 74.33, indicating a bearish trend. The MACD of 0.49 indicates Positive momentum. The RSI at 46.09 is Neutral, neither overbought nor oversold. The STOCH value of 18.27 is Positive, 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
BALD.B	72 Outperform	kr80.52B	12.76	7.24%	―	8.10%	―
Sector *	61 Neutral	AU$2.81B	7.94	4.17%	5.17%	17.25%	41.52%
0GT1		kr55.92B	22.82	3.76%	2.11%	―	―
0XPX		kr25.10B	127.43	0.53%	2.51%	―	―
0R7Y		kr29.59B	31.96	3.00%	10.76%	―	―
0A0I		kr30.00B	15.91	8.38%	3.28%	―	―
EFEA		€6.93B	―		1.61%	―	―