Fastighets AB Balder (BALD B) Stock Overview
Owns, manages, and develops properties in Sweden, Denmark, Finland, Norway, Germany, and the United Kingdom. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 2/6 |
Rewards
Risk Analysis
BALD B Community Fair Values
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Analyst Price Targets
Top Community Narratives
SEK 88.31
FV
38.4% undervalued intrinsic discount1.26%
Revenue growth p.a.
52
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Fastighets AB Balder (publ) Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | SEK 54.42 |
| 52 Week High | SEK 75.20 |
| 52 Week Low | SEK 49.00 |
| Beta | 1.8 |
| 1 Month Change | 8.23% |
| 3 Month Change | -4.16% |
| 1 Year Change | -23.78% |
| 3 Year Change | 28.71% |
| 5 Year Change | -44.41% |
| Change since IPO | -81.16% |
Recent News & Updates
Narrative Update • Jun 24
BALD B: New Class D Shares And Buybacks Will Drive Future Upside
Analysts have kept their SEK 68.14 price target for Fastighets AB Balder unchanged, reflecting steady assumptions on fair value, discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for Fastighets AB Balder At the Annual General Meeting (AGM) on May 8, 2026, Fastighets AB Balder appointed long time executive Sharam Rahi as CEO, following his role as Deputy CEO responsible for the entire operational business.Narrative Update • Jun 05
BALD B: New Class D Shares And Buybacks Will Support Future Upside
The analyst price target for Fastighets AB Balder has edged lower from SEK 70.29 to SEK 68.14 as analysts factor in updated assumptions on profit margins and P/E expectations, while keeping the discount rate and revenue growth estimates broadly in line. What's in the News Leadership transition planned.
New Narrative • May 29
Office Weakness And High Leverage Will Pressure Returns Yet Capital City Assets May Endure
Catalysts About Fastighets AB Balder Fastighets AB Balder is a Nordic-focused real estate company with a portfolio split between residential and commercial properties across major cities. What are the underlying business or industry changes driving this perspective?Analysis Article • May 15
There May Be Underlying Issues With The Quality Of Fastighets AB Balder's (STO:BALD B) Earnings
Despite posting some strong earnings, the market for Fastighets AB Balder (publ)'s ( STO:BALD B ) stock hasn't moved...Narrative Update • May 12
BALD B: New Class D Shares Will Shape Future Return Profile
Analysts have trimmed their 12 month price target for Fastighets AB Balder from SEK 76.00 to about SEK 70.29. This reflects slightly softer assumptions for fair value, discount rate, revenue growth, profit margins and future P/E multiples.
New Narrative • May 11
Urban Rental Strength And Disciplined Acquisitions Will Support This Undervalued Nordic Landlord
Catalysts About Fastighets AB Balder Fastighets AB Balder is a Nordic real estate company with a roughly equal split between residential and commercial properties across major cities. What are the underlying business or industry changes driving this perspective?Recent updates
Narrative Update • Jun 24
BALD B: New Class D Shares And Buybacks Will Drive Future Upside
Analysts have kept their SEK 68.14 price target for Fastighets AB Balder unchanged, reflecting steady assumptions on fair value, discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for Fastighets AB Balder At the Annual General Meeting (AGM) on May 8, 2026, Fastighets AB Balder appointed long time executive Sharam Rahi as CEO, following his role as Deputy CEO responsible for the entire operational business.Narrative Update • Jun 05
BALD B: New Class D Shares And Buybacks Will Support Future Upside
The analyst price target for Fastighets AB Balder has edged lower from SEK 70.29 to SEK 68.14 as analysts factor in updated assumptions on profit margins and P/E expectations, while keeping the discount rate and revenue growth estimates broadly in line. What's in the News Leadership transition planned.New Narrative • May 29
Office Weakness And High Leverage Will Pressure Returns Yet Capital City Assets May Endure
Catalysts About Fastighets AB Balder Fastighets AB Balder is a Nordic-focused real estate company with a portfolio split between residential and commercial properties across major cities. What are the underlying business or industry changes driving this perspective?Analysis Article • May 15
There May Be Underlying Issues With The Quality Of Fastighets AB Balder's (STO:BALD B) Earnings
Despite posting some strong earnings, the market for Fastighets AB Balder (publ)'s ( STO:BALD B ) stock hasn't moved...Narrative Update • May 12
BALD B: New Class D Shares Will Shape Future Return Profile
Analysts have trimmed their 12 month price target for Fastighets AB Balder from SEK 76.00 to about SEK 70.29. This reflects slightly softer assumptions for fair value, discount rate, revenue growth, profit margins and future P/E multiples.New Narrative • May 11
Urban Rental Strength And Disciplined Acquisitions Will Support This Undervalued Nordic Landlord
Catalysts About Fastighets AB Balder Fastighets AB Balder is a Nordic real estate company with a roughly equal split between residential and commercial properties across major cities. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 26
BALD B: New Class D Shares Will Support Future Upside Potential
Narrative Update Overview The analyst price target for Fastighets AB Balder has been revised from SEK 79.33 to SEK 76.00. Analysts point to updated fair value estimates, a slightly adjusted discount rate, lower projected revenue growth, a reduced profit margin assumption, and a higher expected future P/E as drivers of the change.Narrative Update • Apr 12
BALD B: New Class D Shares And London Acquisition Will Support Upside
Analysts have trimmed their price target for Fastighets AB Balder from SEK 81.20 to about SEK 79.33, as updated assumptions around the discount rate, revenue growth, profit margin and future P/E result in a slightly lower fair value estimate. What's in the News The board proposes introducing a new class D share, with updated articles of association setting minimum and maximum share capital between 1,000,000,000 and 4,000,000,000 shares and defining voting rights of 1 vote per class A share and 0.1 vote per class B and class D share (AGM proposal).Analysis Article • Dec 30
Is Now The Time To Look At Buying Fastighets AB Balder (publ) (STO:BALD B)?
While Fastighets AB Balder (publ) ( STO:BALD B ) might not have the largest market cap around , it saw significant...Analysis Article • Dec 01
Does Fastighets AB Balder (STO:BALD B) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Nov 05
Fastighets AB Balder's (STO:BALD B) Solid Profits Have Weak Fundamentals
Investors were disappointed with Fastighets AB Balder (publ)'s ( STO:BALD B ) earnings, despite the strong profit...Analysis Article • Oct 31
Fastighets AB Balder (publ) (STO:BALD B) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
Fastighets AB Balder (publ) ( STO:BALD B ) shareholders are probably feeling a little disappointed, since its shares...Analysis Article • Sep 21
Should You Think About Buying Fastighets AB Balder (publ) (STO:BALD B) Now?
Fastighets AB Balder (publ) ( STO:BALD B ), might not be a large cap stock, but it received a lot of attention from a...Narrative Update • Sep 09
Diversification And Financial Stability Will Strengthen Future Prospects
The consensus price target for Fastighets AB Balder has edged lower, as a notable improvement in net profit margin is offset by a sharply reduced future P/E multiple, resulting in a revised target of SEK81.20. What's in the News Sharam Rahi appointed as new CEO, effective after the AGM of 2026; Erik Selin remains CEO until then.Analysis Article • Jul 18
Fastighets AB Balder (publ) (STO:BALD B) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates
Last week saw the newest quarterly earnings release from Fastighets AB Balder (publ) ( STO:BALD B ), an important...New Narrative • Feb 24
Balder's Urban Expansion to Boost 22% Profit Margin in Future
Urbanization Trends: As more people move to cities, demand for Balder's residential and commercial properties is likely to increase.
New Narrative • Nov 25
Balder's Critical Shift And Nordic Opportunities Promise Promising Growth Trajectory
Strategic positioning to leverage lower interest rates and debt terms could enhance net margins and boost earnings.Shareholder Returns
| BALD B | SE Real Estate | SE Market | |
|---|---|---|---|
| 7D | 6.6% | 4.5% | 3.4% |
| 1Y | -23.8% | -13.7% | 13.2% |
Return vs Industry: BALD B underperformed the Swedish Real Estate industry which returned -13.7% over the past year.
Return vs Market: BALD B underperformed the Swedish Market which returned 13.2% over the past year.
Price Volatility
| BALD B volatility | |
|---|---|
| BALD B Average Weekly Movement | 3.1% |
| Real Estate Industry Average Movement | 3.6% |
| Market Average Movement | 6.1% |
| 10% most volatile stocks in SE Market | 13.0% |
| 10% least volatile stocks in SE Market | 3.4% |
Stable Share Price: BALD B has not had significant price volatility in the past 3 months compared to the Swedish market.
Volatility Over Time: BALD B's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1995 | 1,161 | Sharam Rahi | www.balder.se |
Fastighets AB Balder (publ) owns, manages, and develops properties in Sweden, Denmark, Finland, Norway, Germany, and the United Kingdom. Its property portfolio comprises offices, shops, warehouses, restaurants, schools, and others, as well as hotel properties. The company was incorporated in 1995 and is headquartered in Gothenburg, Sweden.
Fastighets AB Balder (publ) Fundamentals Summary
| BALD B fundamental statistics | |
|---|---|
| Market cap | SEK 64.22b |
| Earnings (TTM) | SEK 7.03b |
| Revenue (TTM) | SEK 13.77b |
9.1x
P/E Ratio4.7x
P/S RatioIs BALD B overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BALD B income statement (TTM) | |
|---|---|
| Revenue | SEK 13.77b |
| Cost of Revenue | SEK 4.60b |
| Gross Profit | SEK 9.16b |
| Other Expenses | SEK 2.13b |
| Earnings | SEK 7.03b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 14, 2026
| Earnings per share (EPS) | 5.96 |
| Gross Margin | 66.57% |
| Net Profit Margin | 51.09% |
| Debt/Equity Ratio | 137.0% |
How did BALD B perform over the long term?
See historical performance and comparisonDividends
7.3%
Current Dividend Yieldn/a
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/05 22:28 |
| End of Day Share Price | 2026/07/03 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Johan Biehl | ABG Sundal Collier Sponsored |
| Erik Granström | Carnegie Investment Bank AB |