Fastighets AB Balder (publ)

OM:BALD B Stock Report

Market Cap: SEK 61.3b

Fastighets AB Balder Valuation

Is BALD B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of BALD B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: BALD B (SEK51.98) is trading above our estimate of future cash flow value (SEK26.57)

Significantly Below Future Cash Flow Value: BALD B is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BALD B?

Key metric: As BALD B is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BALD B. This is calculated by dividing BALD B's market cap by their current earnings.
What is BALD B's PE Ratio?
PE Ratio8.7x
EarningsSEK 7.03b
Market CapSEK 61.34b

Price to Earnings Ratio vs Peers

How does BALD B's PE Ratio compare to its peers?

The above table shows the PE ratio for BALD B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.4x
SAGA A AB Sagax
16x-2.09%SEK 57.1b
CAST Castellum
25.7x17.80%SEK 60.2b
PNDX B Pandox
9.2x-10.89%SEK 34.4b
WIHL Wihlborgs Fastigheter
10.9x6.26%SEK 25.0b
BALD B Fastighets AB Balder
8.7x-6.47%SEK 61.3b

Price-To-Earnings vs Peers: BALD B is good value based on its Price-To-Earnings Ratio (8.7x) compared to the peer average (15.4x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does BALD B's PE Ratio compare vs other companies in the SE Real Estate Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HEIM PREF Heimstaden
1.2xn/aUS$422.95m
HALMEN Halmslätten Fastighets
1.2xn/aUS$35.58m
FASTAT Aktiebolaget Fastator
0.09xn/aUS$9.30m
MALAR Mälaråsen
0.01xn/aUS$493.03k
BALD B 8.7xIndustry Avg. 11.8xNo. of Companies7PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BALD B is good value based on its Price-To-Earnings Ratio (8.7x) compared to the Swedish Real Estate industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is BALD B's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BALD B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.7x
Fair PE Ratio14.3x

Price-To-Earnings vs Fair Ratio: BALD B is good value based on its Price-To-Earnings Ratio (8.7x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BALD B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 51.98
SEK 66.71
+28.35%
15.05%SEK 90.00SEK 60.00n/a7
Jul ’27SEK 51.86
SEK 67.43
+30.02%
14.40%SEK 90.00SEK 60.00n/a7
Jun ’27SEK 51.70
SEK 68.14
+31.80%
14.75%SEK 90.00SEK 60.00n/a7
May ’27SEK 54.94
SEK 73.71
+34.17%
11.62%SEK 90.00SEK 60.00n/a7
Apr ’27SEK 56.64
SEK 80.17
+41.54%
9.73%SEK 90.00SEK 70.00n/a6
Mar ’27SEK 67.92
SEK 80.17
+18.03%
9.73%SEK 90.00SEK 70.00n/a6
Feb ’27SEK 67.04
SEK 81.50
+21.57%
8.61%SEK 90.00SEK 72.00n/a6
Jan ’27SEK 68.20
SEK 81.80
+19.94%
9.36%SEK 90.00SEK 72.00n/a5
Dec ’26SEK 67.04
SEK 81.80
+22.02%
9.36%SEK 90.00SEK 72.00n/a5
Nov ’26SEK 69.62
SEK 81.80
+17.49%
9.36%SEK 90.00SEK 72.00n/a5
Oct ’26SEK 67.76
SEK 81.20
+19.83%
9.42%SEK 90.00SEK 72.00n/a5
Sep ’26SEK 67.26
SEK 83.50
+24.15%
8.19%SEK 90.00SEK 74.00n/a4
Aug ’26SEK 66.46
SEK 83.50
+25.64%
8.19%SEK 90.00SEK 74.00n/a4
Jul ’26SEK 71.84
SEK 83.25
+15.88%
8.64%SEK 90.00SEK 73.00SEK 51.864
Jun ’26SEK 67.18
SEK 84.60
+25.93%
8.24%SEK 90.00SEK 73.00SEK 51.705
May ’26SEK 69.20
SEK 88.00
+27.17%
4.55%SEK 90.00SEK 80.00SEK 54.945
Feb ’26SEK 79.20
SEK 89.00
+12.37%
2.25%SEK 90.00SEK 85.00SEK 67.045
Jan ’26SEK 76.80
SEK 91.25
+18.82%
2.37%SEK 95.00SEK 90.00SEK 68.204
Dec ’25SEK 83.92
SEK 91.75
+9.33%
2.23%SEK 95.00SEK 90.00SEK 67.044
Nov ’25SEK 85.54
SEK 90.50
+5.80%
0.96%SEK 92.00SEK 90.00SEK 69.624
Oct ’25SEK 91.00
SEK 87.00
-4.40%
3.54%SEK 90.00SEK 83.00SEK 67.764
Sep ’25SEK 80.50
SEK 87.00
+8.07%
3.54%SEK 90.00SEK 83.00SEK 67.264
Aug ’25SEK 78.98
SEK 87.00
+10.15%
3.54%SEK 90.00SEK 83.00SEK 66.464
Jul ’25SEK 73.62
SEK 76.75
+4.25%
6.27%SEK 83.00SEK 70.00SEK 71.844
SEK 66.71
Fair Value
22.1% undervalued intrinsic discount
7
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/08 22:47
End of Day Share Price 2026/07/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fastighets AB Balder (publ) is covered by 10 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Johan BiehlABG Sundal Collier Sponsored
Erik GranströmCarnegie Investment Bank AB