BALD-B Stock Analysis: Fastighets Balder (publ) | ST
Real Estate - Diversified | ST, Sweden | Market Cap: 60.251m SEK | 12M Return: -27.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 104M
EPS Trend: 29.5%
Qual. Beats: 0
Rev. Trend: 99.1%
Qual. Beats: -2
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Fastighets AB Balder (publ) is a Swedish real estate company that owns, manages, and develops a diversified property portfolio across six European markets: Sweden, Denmark, Finland, Norway, Germany, and the United Kingdom. Its holdings span multiple asset classes, including offices, retail shops, warehouses, restaurants, schools, and hotel properties, reflecting a broad-based commercial real estate strategy. Founded in 1995 and headquartered in Gothenburg, Balder is classified within the Real Estate Operating Companies sub-industry, a sector in which firms typically derive the bulk of revenue from rental income and property management services rather than direct property sales.
The companys mix of income-producing commercial assets and hotel properties positions it across both stable long-term lease segments and the more cyclical hospitality sector, while its Nordic–European footprint exposes it to varied regional property cycles and tenant bases.
- Interest rate cuts ease Nordic property refinancing pressure
- German and UK commercial occupancy lifts rental income
- Hotel portfolio recovery boosts mixed-use property revenue
| Net Income: 6.94b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.29 > 1.0 |
| NWC/Revenue: 51.02% < 20% (prev 46.83%; Δ 4.19% < -1%) |
| CFO/TA 0.01 > 3% & CFO 4.02b > Net Income 6.94b |
| Net Debt (145b) to EBITDA (15.3b): 9.46 < 3 |
| Current Ratio: 1.92 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.26b) vs 12m ago -0.50% < -2% |
| Gross Margin: 74.24% > 18% (prev 74.71%; Δ -0.47% > 0.5%) |
| Asset Turnover: 5.00% > 50% (prev 4.96%; Δ 0.04% > 0%) |
| Interest Coverage Ratio: 3.08 > 6 (EBIT TTM 15.2b / Interest Expense TTM 4.95b) |
| A: 0.02 (Total Current Assets 14.7b - Total Current Liabilities 7.64b) / Total Assets 285b |
| B: 0.28 (Retained Earnings 80.6b / Total Assets 285b) |
| C: 0.06 (EBIT TTM 15.2b / Avg Total Assets 275b) |
| D: 0.55 (Book Value of Equity 96.5b / Total Liabilities 176b) |
| Altman-Z'' = 2.03 = BBB |
| DSRI: 0.96 (Receivables 5.34b/5.29b, Revenue 13.8b/13.2b) |
| GMI: 1.01 (GM 74.71% / 74.24%) |
| AQI: 0.99 (AQ_t 0.94 / AQ_t-1 0.95) |
| SGI: 1.05 (Revenue 13.8b / 13.2b) |
| TATA: 0.01 (NI 6.94b - CFO 4.02b) / TA 285b) |
| Beneish M = -3.02 (Cap -4..+1) = AA |
As of July 02, 2026, the stock is trading at SEK 51.72 with a total of 1,913,062 shares traded. Over the past week, the price has changed by +1.57%, over one month by +0.31%, over three months by -8.44% and over the past year by -27.81%.
Current recommended Stop Loss: 48.70 (which is 5.8% or 2.4 ATR below the current price).
Fastighets Balder (publ) has no consensus analysts rating.
P/E Trailing = 9.5084
P/E Forward = 17.9533
P/S = 4.3771
P/B = 0.6127
P/EG = 1.5308
Revenue TTM = 13.8b SEK
EBIT TTM = 15.2b SEK
EBITDA TTM = 15.3b SEK
Long Term Debt = 150b SEK (from longTermDebt, last quarter)
Short Term Debt = 7.64b SEK (from shortTermDebt, last quarter)
Debt = 154b SEK (from shortLongTermDebtTotal, last quarter) + Leases 2.33b
Net Debt = 145b SEK (calculated: Debt 154b - CCE 9.33b)
Enterprise Value = 205b SEK (60.3b + Debt 154b - CCE 9.33b)
Interest Coverage Ratio = 3.08 (Ebit TTM 15.2b / Interest Expense TTM 4.95b)
EV/FCF = 51.78x (Enterprise Value 205b / FCF TTM 3.96b)
FCF Yield = 1.93% (FCF TTM 3.96b / Enterprise Value 205b)
FCF Margin = 28.79% (FCF TTM 3.96b / Revenue TTM 13.8b)
Net Margin = 50.40% (Net Income TTM 6.94b / Revenue TTM 13.8b)
Gross Margin = 74.24% ((Revenue TTM 13.8b - Cost of Revenue TTM 3.55b) / Revenue TTM)
Gross Margin QoQ = 70.29% (prev 73.09%)
Tobins Q-Ratio = 0.72 (Enterprise Value 205b / Total Assets 285b)
Interest Expense / Debt = 3.20% (Interest Expense 4.95b / Debt 154b)
Taxrate = 18.25% (1.65b / 9.06b)
NOPAT = 12.5b (EBIT 15.2b * (1 - 18.25%))
Current Ratio = 1.92 (Total Current Assets 14.7b / Total Current Liabilities 7.64b)
Debt / Equity = 1.60 (Debt 154b / totalStockholderEquity, last quarter 96.5b)
Debt / EBITDA = 9.46 (Net Debt 145b / EBITDA 15.3b)
Debt / FCF = 36.59 (Net Debt 145b / FCF TTM 3.96b)
Total Stockholder Equity = 93.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.52% (Net Income 6.94b / Total Assets 285b)
RoE = 7.42% (Net Income TTM 6.94b / Total Stockholder Equity 93.6b)
RoCE = 6.27% (EBIT 15.2b / Capital Employed (Equity 93.6b + L.T.Debt 150b))
RoIC = 4.38% (NOPAT 12.5b / Invested Capital 284b)
WACC = 3.59% (E(60.3b)/V(215b) * Re(6.07%) + D(154b)/V(215b) * Rd(3.20%) * (1-Tc(0.18)))
Discount Rate = 6.07% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 53.94 | Cagr: 3.92%
[DCF] Terminal Value 73.83% ; FCFF base≈4.16b ; Y1≈3.79b ; Y5≈3.32b
[DCF] Fair Price = N/A (negative equity: EV 52.8b - Net Debt 145b = -92.3b; debt exceeds intrinsic value)
EPS Correlation: 29.52 | EPS CAGR: 3.53% | SUE: -0.76 | # QB: 0
Revenue Correlation: 99.07 | Revenue CAGR: 7.58% | SUE: -1.86 | # QB: -2
EPS current Quarter (2026-09-30): EPS=1.32 | Chg30d=+0.76% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=4.59 | Chg30d=-4.68% | Revisions=-43% | GrowthEPS=+6.5% | GrowthRev=+3.5%
EPS next Year (2027-12-31): EPS=4.76 | Chg30d=-4.36% | Revisions=-14% | GrowthEPS=+3.8% | GrowthRev=+3.4%
[Analyst] Revisions Ratio: -43%