Wastbygg Gruppen AB Class B (WBGR.B) AI Stock Analysis

• Market Cap: kr389.52M
• Dividend Yield: N/A
• Average Volume (3M): 5.95K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.43
• Revenue Growth: -0.02%
• EPS Growth: -50.72%
• Country: SE
• Employees: 468
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -2.65
• Shares Outstanding: 50,752,262
• 10 Day Avg. Volume: 5,170
• 30 Day Avg. Volume: 5,954
• PEG Ratio: 0.23
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 0.16
• P/FCF Ratio: 33.74
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: kr6.00 ▼(-35.21% Downside)

The score is driven primarily by weak financial performance (negative margins, declining revenue, and persistently negative operating/free cash flow) and bearish technicals (below key moving averages, negative MACD, very low RSI). Valuation offers limited support due to a negative P/E and no dividend yield data.

Positive Factors

Diversified revenue streams

A mix of waste collection, recycling operations and sustainable construction materials creates multiple revenue vectors. This diversification reduces single-market dependence and supports resilience as different segments can offset cyclical weakness in others over a multi-month horizon.

Moderate leverage and improving debt metric

A debt-to-equity around 0.55, improving versus prior years, gives the company more financial flexibility. Lower leverage eases refinancing risk and supports capital allocation for operational fixes or growth initiatives without immediately pressuring cash flows.

Exposure to structural sustainability tailwinds

Operating in recycling, waste management and eco-friendly construction aligns with long-term regulatory and consumer trends toward sustainability. Continued policy support and growing demand provide a structural addressable market that can underpin revenue recovery over months to years.

Negative Factors

Negative cash generation

Persistent negative operating and free cash flows indicate the core business is not funding operations or investments. Over several months this depletes liquidity, forces external financing, and constrains the firm's ability to repair margins or invest in efficiency improvements.

Deteriorating profitability and declining revenue

Sustained negative gross and net margins combined with TTM revenue decline point to structural cost or pricing issues. Without margin recovery or revenue stabilization, profitability problems will persist and impair reinvestment and long-term competitiveness.

Negative return metrics and EPS contraction

Negative ROE and large EPS deterioration reflect that capital is not generating returns and earnings are worsening. Over months this undermines shareholder equity, limits ability to attract capital on favorable terms, and complicates any operational turnaround.

Wastbygg Gruppen AB Class B Business Overview & Revenue Model

Company Description

Wästbygg Gruppen AB (publ) operates as a construction and project development company in Sweden. It operates through three segments: Residential, Commercial, and Logistics and Industry. The Residential segment develops multi-dwelling buildings, such as condominiums and rental apartments; and student housings. The Commercial segment constructs and develops commercial properties, including retail, offices, community service properties, and hotels. The Logistics and Industry segment constructs and develops logistics and industrial buildings under the Logistic Contractor brand. The company was founded in 1981 and is based in Gothenburg, Sweden. Wästbygg Gruppen AB (publ) is a subsidiary of M2 Holding AB.

How the Company Makes Money

Wastbygg Gruppen AB generates revenue primarily through its waste management services, which include collection, transportation, and processing of waste materials. Additionally, the company earns income from its recycling operations by selling processed materials back into the market. The development and sale of sustainable construction materials also represent a significant revenue stream, as there is a growing demand for eco-friendly solutions in the construction industry. Strategic partnerships with local governments and businesses enhance its service offerings and expand its customer base, contributing to its overall earnings. Furthermore, Wastbygg Gruppen may benefit from government incentives and subsidies aimed at promoting sustainability and waste reduction initiatives.

Wastbygg Gruppen AB Class B Financial Statement Overview

Summary

Wastbygg Gruppen AB Class B faces significant financial challenges across all verticals. The income statement shows declining revenues and worsening margins, the balance sheet reflects moderate leverage but poor profitability, and cash flow statements indicate severe liquidity issues. The company needs to address cost management and improve operational efficiency to stabilize its financial position.

Income Statement

The income statement reveals significant challenges, with negative margins across the board in the TTM period. Gross profit margin is negative, indicating cost issues, while net profit margin has worsened significantly. Revenue has declined by 7.45% in the TTM period, highlighting a concerning trend. Historical data shows a decline from previously positive margins, indicating deteriorating profitability.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.55 in the TTM period, which is an improvement from previous years. However, the return on equity is negative, reflecting ongoing losses. The equity ratio is not explicitly calculated, but the data suggests a moderate level of equity relative to assets. Overall, the balance sheet indicates some stability but is overshadowed by poor profitability.

Cash Flow

Cash flow analysis highlights severe issues, with negative operating and free cash flows in the TTM period. Free cash flow growth is significantly negative, and the operating cash flow to net income ratio is very low, indicating poor cash generation relative to earnings. Historical data shows a consistent pattern of negative cash flows, raising concerns about liquidity and operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.66B	4.99B	4.99B	5.18B	3.95B	3.62B
Gross Profit	-76.00M	88.00M	88.00M	303.00M	519.00M	488.00M
EBITDA	-448.00M	-160.00M	-183.00M	-2.00M	270.00M	257.00M
Net Income	-531.00M	-213.00M	-213.00M	-17.00M	241.00M	234.00M
Balance Sheet
Total Assets	2.17B	3.19B	4.04B	4.47B	4.10B	3.17B
Cash, Cash Equivalents and Short-Term Investments	209.00M	178.00M	194.00M	534.00M	897.00M	860.00M
Total Debt	386.00M	581.00M	1.51B	1.46B	827.00M	394.00M
Total Liabilities	1.49B	2.23B	2.86B	2.87B	2.35B	1.58B
Stockholders Equity	684.00M	964.00M	1.18B	1.59B	1.75B	1.59B
Cash Flow
Free Cash Flow	-322.00M	23.00M	-741.00M	-899.00M	-346.00M	-244.00M
Operating Cash Flow	-307.00M	88.00M	-717.00M	-891.00M	-319.00M	-237.00M
Investing Cash Flow	-21.00M	-69.00M	-36.00M	6.00M	-166.00M	-60.00M
Financing Cash Flow	-182.00M	-35.00M	412.00M	524.00M	520.00M	866.00M

Wastbygg Gruppen AB Class B Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.26
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:WBGR.B, the sentiment is Negative. The current price of 9.26 is above the 20-day moving average (MA) of 9.05, above the 50-day MA of 9.16, and below the 200-day MA of 9.80, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 18.37 is Positive, neither overbought nor oversold. The STOCH value of 60.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:WBGR.B.

Wastbygg Gruppen AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NORB.B	64 Neutral	kr761.26M	31.99	1.98%	―	4.24%	29.69%
BYGGP	64 Neutral	kr1.89B	17.42	―	1.24%	4.25%	127.31%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ELTEL	56 Neutral	kr1.42B	104.75	0.72%	―	-6.38%	―
FG	54 Neutral	kr1.61B	-1,006.71	―	―	8.40%	-101.19%
WBGR.B	38 Underperform	kr389.52M	-0.53	-56.98%	―	-0.02%	-50.72%