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Wallenstam AB
(WALL.B)
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Rating:71Outperform
Price Target:
kr46.00
â–²(11.76% Upside)
Action:Upgraded
Date:07/08/26
The score is primarily driven by solid financial performance (strong TTM rebound and positive free cash flow) but tempered by leverage and weak cash flow coverage versus debt. Technicals are supportive with the stock trading above major moving averages and positive MACD, while valuation looks reasonable with a ~10x P/E; the dividend yield is modest.
Positive Factors
Strong recent revenue and margins
A sharp TTM revenue jump and very high reported margins indicate improved cash-generating capacity from core rental and development activities. Over 2–6 months this underpins recurring rental cash flows, supports reinvestment and debt servicing, and signals operational recovery versus prior weak years.
Negative Factors
Elevated leverage
Rising leverage increases exposure to interest-rate and refinancing risk and amplifies earnings volatility from property cycles. Over months, elevated debt-to-equity limits strategic flexibility for new developments and raises sensitivity to funding cost increases or market tightening.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong recent revenue and margins
A sharp TTM revenue jump and very high reported margins indicate improved cash-generating capacity from core rental and development activities. Over 2–6 months this underpins recurring rental cash flows, supports reinvestment and debt servicing, and signals operational recovery versus prior weak years.
Read all positive factors
Wallenstam AB (WALL.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr27.55B
Dividend Yield1.25%
Average Volume (3M)531.48K
Price to Earnings (P/E)10.0
Beta (1Y)0.47
Revenue Growth2.45%
EPS Growth194.60%
CountrySE
Employees249
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)4.15
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)1.86
Revenue Forecast (FY)kr3.13B
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 primarily makes money by owning and operating investment properties and collecting recurring rental income from tenants. A large share of this comes from residential rents, complemented by rents from commercial premises (e.g., offices/r...
Wallenstam AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.35B | 3.27B | 3.17B | 2.73B | 2.49B | 2.32B |
| Gross Profit | 2.34B | 2.31B | 2.42B | 2.16B | 1.93B | 1.80B |
| EBITDA | 3.31B | 3.60B | 2.12B | 235.00M | 1.79B | 5.32B |
| Net Income | 2.66B | 2.56B | 774.00M | -450.00M | 1.10B | 4.72B |
Balance Sheet | ||||||
| Total Assets | 76.79B | 74.97B | 68.92B | 66.84B | 67.05B | 66.70B |
| Cash, Cash Equivalents and Short-Term Investments | 149.00M | 193.00M | 59.00M | 113.00M | 190.00M | 236.00M |
| Total Debt | 35.10B | 33.93B | 31.02B | 29.62B | 28.79B | 28.32B |
| Total Liabilities | 44.10B | 42.65B | 38.08B | 36.34B | 35.62B | 35.93B |
| Stockholders Equity | 32.69B | 32.31B | 30.84B | 30.50B | 31.43B | 30.77B |
Cash Flow | ||||||
| Free Cash Flow | 1.34B | 1.38B | 1.22B | 1.33B | 1.17B | 943.00M |
| Operating Cash Flow | 1.35B | 1.40B | 1.23B | 1.34B | 1.20B | 960.00M |
| Investing Cash Flow | -1.95B | -3.04B | -2.13B | -1.78B | -1.32B | -2.28B |
| Financing Cash Flow | 688.00M | 1.78B | 894.00M | 309.00M | 69.00M | 1.03B |
Wallenstam AB Technical Analysis
Positive
41.16
Price Trends
39.68
Positive
40.69
Positive
41.44
Positive
Market Momentum
0.60
Negative
63.69
Neutral
87.62
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:WALL.B, the sentiment is Positive. The current price of 41.16 is above the 20-day moving average (MA) of 39.87, above the 50-day MA of 39.68, and below the 200-day MA of 41.44, indicating a bullish trend. The MACD of 0.60 indicates Negative momentum. The RSI at 63.69 is Neutral, neither overbought nor oversold. The STOCH value of 87.62 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | kr27.55B | 10.03 | 6.07% | 1.25% | 2.45% | 194.60% | |
69 Neutral | kr9.20B | 12.38 | 5.43% | 2.91% | 0.52% | 80.58% | |
67 Neutral | kr24.09B | 11.01 | 9.74% | 3.60% | 6.89% | 15.60% | |
67 Neutral | kr16.61B | 11.31 | 12.28% | 1.75% | 12.12% | 62.58% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
52 Neutral | kr23.64B | 54.60 | -0.92% | 2.39% | 12.54% | 114.41% |
* Real Estate Sector Average
SE:WALL.B
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41.64
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-6.40%
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Wallenstam AB Corporate Events
Wallenstam posts solid H1 2026 results and ramps up property investment
Jul 6, 2026
Wallenstam AB, a Swedish property company specializing in sustainable residential and commercial real estate in Gothenburg, Stockholm and Uppsala, reported a steady operational performance in its interim report for the first half of 2026. The comp...
Wallenstam Launches Share Buyback to Optimize Capital Structure
Jul 6, 2026
Wallenstam AB’s board has decided to commence a repurchase program for its own class B shares under an authorization granted by shareholders at the April 2026 Annual General Meeting. The buybacks will be executed on Nasdaq Stockholm or anoth...
Wallenstam Sells Wind Farms and Accelerates Housing Projects in Swedish Growth Markets
Jul 1, 2026
Wallenstam has intensified its strategic focus on core property operations by agreeing to sell all of its wind farms to Locus Energy, valuing the wind turbines at SEK 830 million, while simultaneously securing a long-term supply of renewable elect...
Wallenstam Ties New Handelsbanken Loans to Sustainability Targets
Jun 22, 2026
Wallenstam AB has entered its first sustainability-linked loan agreement with Handelsbanken, covering all loans with the bank that are not already classified as green. The terms of the financing are tied to predetermined sustainability targets foc...
Wallenstam Sells Wind Farms to Locus Energy and Secures Renewable Power Supply
Jun 10, 2026
Wallenstam has agreed to sell its entire wind power portfolio of 53 turbines with 112 MW of installed capacity to Locus Energy in a company transaction valuing the assets at SEK 830 million, with closing subject to approval from the Swedish Inspec...
Wallenstam Announces Major Intra-Family Share Transfer While Maintaining Control
May 15, 2026
Wallenstam AB has announced an internal ownership shift in which principal owner Hans Wallenstam has transferred 35 million shares, comprising 10.4 million Class A and 24.6 million Class B shares, to his daughter Rebecka Wallenstam. The transferre...
Wallenstam AGM Approves Dividend, Share Cancellation and New Employee Options Scheme
Apr 28, 2026
Wallenstam’s Annual General Meeting approved a dividend of SEK 0.55 per share for the 2025 financial year, to be paid in two installments, and adopted the 2025 accounts while granting discharge from liability to the Board and CEO. Shareholde...
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...
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.