Wallenstam AB (SE:WALL.B)
:WALL.B
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Wallenstam AB
(WALL.B)
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Rating:62Neutral
Price Target:
kr43.00
▲(4.47% Upside)
Action:Reiterated
Date:04/22/26
The score is driven primarily by solid financial performance with strong recent profitability but notable offsets from earnings volatility, meaningful leverage, and weaker cash conversion. Technicals are a headwind with the stock trading below major moving averages, while valuation is supportive due to a low P/E and a modest dividend yield.
Positive Factors
Recurring rental income model
Wallenstam’s primary revenue derives from long‑term leasing of residential and commercial properties, providing recurring, predictable cash inflows. This asset‑backed rental model supports steady occupancy management, durable rent collections and resilience across typical real estate cycles over months.
Negative Factors
Meaningful leverage
Debt roughly equal to equity implies notable leverage, raising sensitivity to interest rates and property valuation swings. High leverage can limit strategic flexibility, increase refinancing needs and magnify earnings volatility in downturns, which is a structural constraint for a property owner.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income model
Wallenstam’s primary revenue derives from long‑term leasing of residential and commercial properties, providing recurring, predictable cash inflows. This asset‑backed rental model supports steady occupancy management, durable rent collections and resilience across typical real estate cycles over months.
Read all positive factors
Wallenstam AB (WALL.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr24.95B
Dividend Yield1.25%
Average Volume (3M)531.48K
Price to Earnings (P/E)9.9
Beta (1Y)0.52
Revenue Growth3.00%
EPS Growth145.54%
CountrySE
Employees259
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)3.80
Shares Outstanding591,000,000
10 Day Avg. Volume488,019
30 Day Avg. Volume531,483
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.83
Price to Sales (P/S)8.18
P/FCF Ratio19.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr44.00Price Target Upside6.90% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)1.85
Revenue Forecast (FY)kr3.11B
Wallenstam AB Business Overview & Revenue Model
Company Description
Based in Gothenburg, Sweden, Wallenstam AB (publ) is a real estate company focused on the development, construction, management, and divestment of residential and commercial properties in the cities of Gothenburg and Stockholm, serving both indivi...
How the Company Makes Money
Wallenstam makes money primarily by owning and operating income-producing real estate. The core revenue stream is rental income from leasing residential apartments and commercial premises, supported by ongoing property management activities (tenan...
Wallenstam AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.34B | 3.27B | 3.17B | 2.73B | 2.49B | 2.32B |
| Gross Profit | 2.43B | 2.31B | 2.42B | 2.16B | 1.93B | 1.80B |
| EBITDA | 3.04B | 3.60B | 2.12B | 235.00M | 1.79B | 5.32B |
| Net Income | 2.43B | 2.56B | 774.00M | -450.00M | 1.10B | 4.72B |
Balance Sheet | ||||||
| Total Assets | 75.90B | 74.97B | 68.92B | 66.84B | 67.05B | 66.70B |
| Cash, Cash Equivalents and Short-Term Investments | 46.00M | 193.00M | 59.00M | 113.00M | 190.00M | 236.00M |
| Total Debt | 34.26B | 33.93B | 31.02B | 29.62B | 28.79B | 28.32B |
| Total Liabilities | 43.24B | 42.65B | 38.08B | 36.34B | 35.62B | 35.93B |
| Stockholders Equity | 32.67B | 32.31B | 30.84B | 30.50B | 31.43B | 30.77B |
Cash Flow | ||||||
| Free Cash Flow | 1.27B | 1.38B | 1.22B | 1.33B | 1.17B | 943.00M |
| Operating Cash Flow | 1.29B | 1.40B | 1.23B | 1.34B | 1.20B | 960.00M |
| Investing Cash Flow | -1.49B | -3.04B | -2.13B | -1.78B | -1.32B | -2.28B |
| Financing Cash Flow | 95.00M | 1.78B | 894.00M | 309.00M | 69.00M | 1.03B |
Wallenstam AB Technical Analysis
Negative
41.16
Price Trends
39.97
Negative
40.93
Negative
41.72
Negative
Market Momentum
-0.45
Positive
36.25
Neutral
32.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:WALL.B, the sentiment is Negative. The current price of 41.16 is above the 20-day moving average (MA) of 39.17, above the 50-day MA of 39.97, and below the 200-day MA of 41.72, indicating a bearish trend. The MACD of -0.45 indicates Positive momentum. The RSI at 36.25 is Neutral, neither overbought nor oversold. The STOCH value of 32.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:WALL.B.
Wallenstam AB Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | kr15.98B | 11.60 | 12.28% | 1.75% | 13.60% | 43.76% | |
67 Neutral | kr23.90B | 10.23 | 9.74% | 3.60% | 6.56% | 30.63% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | kr8.10B | 10.29 | 5.43% | 2.91% | 1.52% | 153.52% | |
62 Neutral | kr24.95B | 9.90 | 6.07% | 1.25% | 3.00% | 145.54% | |
54 Neutral | kr23.36B | -319.96 | -0.92% | 2.39% | 12.22% | -121.80% |
* Real Estate Sector Average
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Wallenstam AB Corporate Events
Wallenstam boosts investments as Q1 profit eases on lower value gains
Apr 21, 2026
Wallenstam reported a stable start to 2026, maintaining an equity/assets ratio of 44 percent and a loan-to-value ratio of 47 percent, while net asset value per share edged up to SEK 62.90 from SEK 62.10 at year-end. Rental income was essentially f...
Wallenstam Advances Stockholm Housing Projects and Reshapes Portfolio With Strategic Deals
Apr 1, 2026
Wallenstam completed and fully let 42 apartments in the Ädellövet project in Farsta, Stockholm, bringing the 172-unit development to completion and contributing to a current pipeline of 972 apartments under construction. This ongoing exp...
Wallenstam Calls 2026 AGM in Gothenburg With Expanded Voting Options
Mar 23, 2026
Wallenstam AB has called shareholders to its Annual General Meeting, to be held on April 28, 2026, at the Elite Park Avenue Hotel in Gothenburg, with on-site registration opening earlier in the afternoon. The company has introduced a bag ban with ...
Wallenstam Reshapes Stockholm Portfolio With Lövholmen Acquisition and Älta Divestment
Feb 27, 2026
Wallenstam has entered into a transaction with JM involving the acquisition of future residential building rights in Lövholmen, a key development area next to Liljeholmen in Stockholm, while simultaneously selling building rights in the Ä...
Wallenstam boosts profit, property values and dividend on strong 2025
Feb 5, 2026
Wallenstam reported a strong 2025, with rental income rising to SEK 3,077 million and income from property management up 11 percent to SEK 1,277 million, supported by continued investments of over SEK 2.1 billion in new construction and reconstruc...
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.