LUND-B Stock Analysis: L E Lundbergföretagen (publ)

Conglomerates | ST, Sweden | Market Cap: 136.648m SEK | 12M Return: 19% | Charts, Fundamentals & Technical Analysis

Paperboard, Paper, Sawn Timber, Real Estate
Total Rating 45
Safety 39
Buy Signal -0.20
Conglomerates
Industry Rotation: -2.0
Market Cap: 14.2B
Avg Turnover: 51.3M
Risk 3d forecast
Volatility17.4%
VaR 5th Pctl3.05%
VaR vs Median6.32%
Reward TTM
Sharpe Ratio0.74
Rel. Str. IBD46.7
Rel. Str. Peer Group64.6
Character TTM
Beta0.467
Beta Downside0.385
Hurst Exponent0.578
Drawdowns 3y
Max DD24.25%
CAGR/Max DD0.37
CAGR/Mean DD1.07
EPS (Earnings per Share) EPS (Earnings per Share) of LUND-B over the last years for every Quarter: "2021-06": 7.0726, "2021-09": -0.9315, "2021-12": 21.6331, "2022-03": -7.9718, "2022-06": -1.2177, "2022-09": -1.5202, "2022-12": 16.8185, "2023-03": 11.996, "2023-06": 3.5968, "2023-09": 0.4355, "2023-12": 13.2258, "2024-03": 17.4435, "2024-06": -1.5323, "2024-09": 8.6492, "2024-12": 0.8468, "2025-03": 12.7056, "2025-06": 7.0887, "2025-09": 9.9839, "2025-12": 18.9234, "2026-03": 19.1573,
EPS CAGR: 11.72%
EPS Trend: 37.7%
Qual. Beats: 0
Revenue Revenue of LUND-B over the last years for every Quarter: 2021-06: 6505, 2021-09: 5929, 2021-12: 7532, 2022-03: 7379, 2022-06: 7472, 2022-09: 6887, 2022-12: 9676, 2023-03: 8062, 2023-06: 7217, 2023-09: 6735, 2023-12: 6650, 2024-03: 7982, 2024-06: 7587, 2024-09: 6894, 2024-12: 6847, 2025-03: 8271, 2025-06: 8069, 2025-09: 6611, 2025-12: 6668, 2026-03: 8255,
Rev. CAGR: -1.13%
Rev. Trend: -29.5%
Qual. Beats: 0

Warnings

Earnings Expected To Drop (P/E To P/E Forward)
Choppy

Tailwinds

No distinct edge detected

Seasonality 10.5 years of data

Jan +0.7% 2
Feb -0.7% 14
Mar +0.0% 0
Apr +1.9% 13
May -0.6% 2
Jun -1.3% 27
Jul +1.1% 34
Aug -4.6% 26
Sep +0.1% 8
Oct -1.9% 19
Nov -0.9% 9
Dec +0.1% 11

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.

Description: LUND-B L E Lundbergföretagen (publ)

L E Lundbergföretagen AB (publ) is a Swedish investment company founded in 1944 and headquartered in Stockholm. It operates through four segments: Lundbergs Real Estate Operations, Equity Management, Holmen, and Hufvudstaden, combining industrial, property, and financial investment activities under one corporate umbrella. The company is involved in the manufacture and sale of paperboard, paper, and sawn timber products globally, while also owning and managing office and retail properties and providing equity management services, including securities trading. As a long-term oriented holding company, Lundbergföretagen maintains significant ownership stakes in operating businesses, which is a common structure among Swedish industrial-investment holding firms. Holmen, one of its key segments, is among the larger forest products groups in the Nordic region, producing wood-based materials and paperboard alongside forest and power operations.

Headlines to Watch Out For
  • Holmen paperboard pricing weakens as European demand softens
  • Stockholm office occupancy declines pressuring Hufvudstaden rental income
  • Riksbank rate cuts boost real estate valuations and equity portfolio returns
Piotroski VR-10 (Strict) 4.0
Net Income: 13.7b TTM > 0 and > 6% of Revenue
FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.16 > 1.0
NWC/Revenue: 0.04% < 20% (prev 1.37%; Δ -1.32% < -1%)
CFO/TA 0.03 > 3% & CFO 8.64b > Net Income 13.7b
Net Debt (26.0b) to EBITDA (19.4b): 1.35 < 3
Current Ratio: 1.00 > 1.5 & < 3
Outstanding Shares: last quarter (248.0m) vs 12m ago 0.02% < -2%
Gross Margin: 23.83% > 18% (prev 41.65%; Δ -17.82% > 0.5%)
Asset Turnover: 12.31% > 50% (prev 12.85%; Δ -0.54% > 0%)
Interest Coverage Ratio: 939.1 > 6 (EBIT TTM 17.8b / Interest Expense TTM 19.0m)
Altman Z'' 3.99
A: 0.00 (Total Current Assets 15.8b - Total Current Liabilities 15.8b) / Total Assets 250b
B: 0.42 (Retained Earnings 105b / Total Assets 250b)
C: 0.07 (EBIT TTM 17.8b / Avg Total Assets 240b)
D: 2.03 (Book Value of Equity 134b / Total Liabilities 66.0b)
Altman-Z'' = 3.99 = AA
What is the price of LUND-B shares?

As of July 07, 2026, the stock is trading at SEK 562.50 with a total of 71,055 shares traded. Over the past week, the price has changed by +1.81%, over one month by +3.69%, over three months by +6.45% and over the past year by +18.95%.

Current recommended Stop Loss: 540.90 (which is 3.8% or 2.3 ATR below the current price).

Is LUND-B a buy, sell or hold?

L E Lundbergföretagen (publ) has no consensus analysts rating.

L E Lundbergföretagen (publ) (LUND-B) - Fundamental Data Overview as of 02 July 2026
Market Cap USD = 14.2b (137b SEK * 0.1037 SEK.USD)
P/E Trailing = 9.9964
P/E Forward = 21.0526
P/S = 3.5028
P/B = 1.035
P/EG = 1.1592
Revenue TTM = 29.6b SEK
EBIT TTM = 17.8b SEK
EBITDA TTM = 19.4b SEK
Long Term Debt = 16.2b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 7.66b SEK (from shortTermDebt, last quarter)
Debt = 27.6b SEK (from shortLongTermDebtTotal, last quarter) + Leases 1.25b
Net Debt = 26.0b SEK (calculated: Debt 27.6b - CCE 1.53b)
Enterprise Value = 163b SEK (137b + Debt 27.6b - CCE 1.53b)
Interest Coverage Ratio = 939.1 (Ebit TTM 17.8b / Interest Expense TTM 19.0m)
EV/FCF = 80.66x (Enterprise Value 163b / FCF TTM 2.02b)
FCF Yield = 1.24% (FCF TTM 2.02b / Enterprise Value 163b)
FCF Margin = 6.81% (FCF TTM 2.02b / Revenue TTM 29.6b)
Net Margin = 46.20% (Net Income TTM 13.7b / Revenue TTM 29.6b)
Gross Margin = 23.83% ((Revenue TTM 29.6b - Cost of Revenue TTM 22.5b) / Revenue TTM)
Gross Margin QoQ = 28.58% (prev 15.76%)
Tobins Q-Ratio = 0.65 (Enterprise Value 163b / Total Assets 250b)
Interest Expense / Debt = 0.07% (Interest Expense 19.0m / Debt 27.6b)
Taxrate = 6.46% (1.11b / 17.2b)
NOPAT = 16.7b (EBIT 17.8b * (1 - 6.46%))
Current Ratio = 1.00 (Total Current Assets 15.8b / Total Current Liabilities 15.8b)
Debt / Equity = 0.21 (Debt 27.6b / totalStockholderEquity, last quarter 134b)
Debt / EBITDA = 1.35 (Net Debt 26.0b / EBITDA 19.4b)
Debt / FCF = 12.91 (Net Debt 26.0b / FCF TTM 2.02b)
Total Stockholder Equity = 125b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.69% (Net Income 13.7b / Total Assets 250b)
RoE = 10.92% (Net Income TTM 13.7b / Total Stockholder Equity 125b)
RoCE = 12.60% (EBIT 17.8b / Capital Employed (Equity 125b + L.T.Debt 16.2b))
RoIC = 6.93% (NOPAT 16.7b / Invested Capital 241b)
WACC = 6.36% (E(137b)/V(164b) * Re(7.63%) + D(27.6b)/V(164b) * Rd(0.07%) * (1-Tc(0.06)))
Discount Rate = 7.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -8.99 | Cagr: -0.01%
[DCF] Terminal Value 77.97% ; FCFF base≈1.81b ; Y1≈2.07b ; Y5≈3.05b
[DCF] Fair Price = 130.3 (EV 45.9b - Net Debt 26.0b = Equity 19.8b / Shares 152.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 37.69 | EPS CAGR: 11.72% | SUE: N/A | # QB: 0
Revenue Correlation: -29.50 | Revenue CAGR: -1.13% | SUE: N/A | # QB: 0