Pandox AB (PNDX.B) AI Stock Analysis

• Market Cap: kr33.98B
• Dividend Yield: 2.4%
• Average Volume (3M): 104.85K
• Price to Earnings (P/E): 25.1
• Beta (1Y): 0.81
• Revenue Growth: 1.21%
• EPS Growth: 158.02%
• Country: SE
• Employees: 1,505
• Sector: Real Estate
• Sector Strength: 54
• Industry: Travel Lodging
• EPS (TTM): 3.07
• Shares Outstanding: 119,603,000
• 10 Day Avg. Volume: 121,620
• 30 Day Avg. Volume: 104,852
• PEG Ratio: -0.06
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 5.02
• P/FCF Ratio: 44.69
• 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: kr196.50
• Price Target Upside: 12.41% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 66 Neutral
• Price Target: kr188.00 ▲(7.55% Upside)

Pandox AB's overall stock score is driven by strong financial performance and positive technical indicators, despite concerns over valuation and cash flow. The company's robust revenue growth and healthy margins are significant strengths, but the high P/E ratio and negative free cash flow present risks. The absence of recent earnings call insights or notable corporate events means these factors do not influence the score.

Pandox AB Business Overview & Revenue Model

Company Description

Pandox AB (publ) owns, operates, and leases hotel properties. The company operates through Property Management and Operator Activities segments. As of March 11, 2022, it operated 157 hotels with approximately 35,500 hotel rooms in 15 countries. The company was founded in 1932 and is based in Stockholm, Sweden.

How the Company Makes Money

Pandox generates revenue through multiple streams, primarily from the leasing and management of hotel properties. The company earns income from long-term leases with hotel operators, where it collects fixed and variable rent based on the performance of the hotel. Additionally, Pandox manages hotels on behalf of third parties, receiving management fees tied to revenue performance. Key partnerships with established hotel brands and operators enhance its revenue potential, as the company can leverage these relationships to improve occupancy rates and profitability. Furthermore, Pandox's strategy of renovating and upgrading its properties adds value, which can lead to increased rental income and asset appreciation, contributing significantly to its overall earnings.

Pandox AB Financial Statement Overview

Summary

Pandox AB demonstrates solid revenue growth and operational efficiency, with a strong EBIT and EBITDA margin. The balance sheet is stable, with a moderate debt level. However, cash flow management presents challenges, particularly in converting income into free cash flow.

Income Statement

Pandox AB shows a robust revenue growth trajectory, with Total Revenue increasing from 2020 to TTM. The Gross Profit Margin is strong at 54.33%, indicating effective cost management. However, the Net Profit Margin has shown volatility, currently at 18.94% for TTM, down from 23.67% in 2022. Despite this, the EBIT Margin of 51.52% and EBITDA Margin of 37.96% in TTM are healthy, reflecting strong operational efficiency.

Balance Sheet

The Debt-to-Equity Ratio of 1.18 indicates moderate leverage, typical in the real estate industry. The Return on Equity (ROE) is 4.22% for TTM, reflecting a significant decrease from 2022, indicating reduced profitability from equity. The Equity Ratio of 41.14% suggests a stable financial structure with substantial equity backing, although it has slightly decreased compared to previous years.

Cash Flow

Pandox AB's cash flow shows volatility, with negative Free Cash Flow in TTM due to high capital expenditures. The Operating Cash Flow to Net Income Ratio is 1.43, showcasing strong cash generation relative to net income. However, the Free Cash Flow to Net Income Ratio is negative, indicating a challenge in converting income into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.19B	7.14B	6.88B	5.65B	3.27B	3.18B
Gross Profit	3.91B	3.85B	3.62B	3.10B	1.73B	1.61B
EBITDA	3.75B	3.96B	1.87B	4.36B	1.46B	-202.00M
Net Income	1.36B	1.69B	-585.00M	4.22B	610.00M	-1.41B
Balance Sheet
Total Assets	81.60B	80.69B	73.21B	75.22B	66.80B	64.81B
Cash, Cash Equivalents and Short-Term Investments	2.22B	1.29B	769.00M	1.63B	1.59B	2.62B
Total Debt	40.88B	38.70B	35.63B	37.09B	35.66B	34.38B
Total Liabilities	48.88B	46.99B	43.48B	44.28B	41.38B	40.73B
Stockholders Equity	32.54B	33.53B	29.57B	30.73B	25.21B	23.88B
Cash Flow
Free Cash Flow	-2.27B	802.00M	1.27B	1.04B	-479.00M	-644.00M
Operating Cash Flow	1.92B	1.83B	2.19B	2.38B	430.00M	460.00M
Investing Cash Flow	-6.49B	-4.12B	-1.48B	-1.64B	-1.52B	-1.60B
Financing Cash Flow	5.90B	2.70B	-1.70B	-806.00M	93.00M	3.07B

Pandox AB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 174.80
• 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:PNDX.B, the sentiment is Neutral. The current price of 174.8 is below the 20-day moving average (MA) of 174.82, above the 50-day MA of 169.58, and below the 200-day MA of 175.34, indicating a neutral trend. The MACD of 1.81 indicates Positive momentum. The RSI at 54.43 is Neutral, neither overbought nor oversold. The STOCH value of 56.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:PNDX.B.

Pandox AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	71 Outperform	¥233.73B	15.21	10.65%	3.48%	20.30%	28.35%
PNDX.B	66 Neutral	kr33.98B	25.13	4.29%	2.40%	1.21%	158.02%
0XPX	―	kr26.42B	132.16	0.53%	―	―	―
0GW3	―	kr22.99B	28.71	3.01%	―	―	―
0A0I	―	kr29.51B	15.91	8.38%	―	―	―
A1A0	―	€1.81B	28.55	2.52%	―	―	―
10H	―	€1.63B	24.62	29.21%	―	―	―

Pandox AB Corporate Events

Pandox AB Announces Acquisition of Dalata Hotel Group

Pandox AB, in collaboration with Eiendomsspar AS, has announced a cash offer to acquire Dalata Hotel Group plc, valuing the company at approximately MEUR 1,400. This acquisition, which is fully financed, will expand Pandox’s footprint in several dynamic hotel markets and deepen their partnership with Scandic Hotels Group. The acquisition includes 56 hotel businesses across Ireland, the UK, Germany, and the Netherlands. Post-acquisition, there are plans to separate Dalata’s real estate and hotel operations, with Scandic potentially acquiring the hotel operating business. This strategic move is expected to enhance Pandox’s property value and operational scope.

The most recent analyst rating on ($SE:PNDX.B) stock is a Buy with a SEK223.00 price target. To see the full list of analyst forecasts on Pandox AB stock, see the SE:PNDX.B Stock Forecast page.

Pandox AB to Release Interim Report and Host Market Data Presentation

Pandox AB is set to release its interim report for the first half of 2025 on July 11, followed by a webcasted telephone conference. The event will feature presentations on market data for the international and Nordic hotel markets by independent experts. This announcement is part of Pandox’s ongoing efforts to provide transparency and insights into its operations, potentially impacting its stakeholders by offering a clearer view of market trends and company performance.

The most recent analyst rating on ($SE:PNDX.B) stock is a Buy with a SEK214.00 price target. To see the full list of analyst forecasts on Pandox AB stock, see the SE:PNDX.B Stock Forecast page.

Pandox AB and Eiendomsspar AS Announce Potential Acquisition of Dalata Hotel Group

Pandox AB, in collaboration with Eiendomsspar AS, has announced a potential cash offer to acquire Dalata Hotel Group plc, valuing it at approximately €1.3 billion. The proposal offers a significant premium to Dalata’s recent share prices, aiming to deliver tangible value to shareholders and strengthen the Consortium’s position in the European hotel market.

The most recent analyst rating on ($SE:PNDX.B) stock is a Buy with a SEK214.00 price target. To see the full list of analyst forecasts on Pandox AB stock, see the SE:PNDX.B Stock Forecast page.

Pandox Celebrates 30 Years of Hotel Market Day

Pandox AB is celebrating the 30th anniversary of its Hotel Market Day on November 18, 2025, at Berns in Stockholm. The event will reflect on the past three decades of the hotel market and explore future trends, featuring engaging speakers and interactive sessions. Initiated in 1996, Hotel Market Day has become a significant platform for international hotel industry decision-makers to discuss market developments and share knowledge.

The most recent analyst rating on ($SE:PNDX.B) stock is a Buy with a SEK214.00 price target. To see the full list of analyst forecasts on Pandox AB stock, see the SE:PNDX.B Stock Forecast page.