Atrium Ljungberg AB (publ)

DB:A1A Stock Report

Market Cap: €2.1b

Atrium Ljungberg Valuation

Is A1A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A1A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A1A (€16.78) is trading above our estimate of fair value (€5.82)

Significantly Below Fair Value: A1A is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A1A?

Key metric: As A1A is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for A1A. This is calculated by dividing A1A's market cap by their current revenue.
What is A1A's PS Ratio?
PS Ratio6.2x
SalesSEK 3.92b
Market CapSEK 24.44b

Price to Sales Ratio vs Peers

How does A1A's PS Ratio compare to its peers?

The above table shows the PS ratio for A1A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.1x
GYC Grand City Properties
3.3x1.8%€2.0b
DEQ Deutsche EuroShop
5x-0.2%€1.4b
TEG TAG Immobilien
1.8x-33.9%€2.5b
AT1 Aroundtown
2.1x2.3%€3.1b
A1A Atrium Ljungberg
6.2x-2.7%€24.4b

Price-To-Sales vs Peers: A1A is expensive based on its Price-To-Sales Ratio (6.2x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

How does A1A's PS Ratio compare vs other companies in the DE Real Estate Industry?

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.5x-42.0%US$77.06m
ADJ Adler Group
0.1xn/aUS$49.14m
NUVA Noratis
0.3x16.6%US$14.42m
AMMN Grounds Real Estate Development
0.6xn/aUS$10.22m
A1A 6.2xIndustry Avg. 3.3xNo. of Companies9PS02.44.87.29.612+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: A1A is expensive based on its Price-To-Sales Ratio (6.2x) compared to the German Real Estate industry average (3.3x).

Price to Sales Ratio vs Fair Ratio

What is A1A's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A1A PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.2x
Fair PS Ratio2.8x

Price-To-Sales vs Fair Ratio: A1A is expensive based on its Price-To-Sales Ratio (6.2x) compared to the estimated Fair Price-To-Sales Ratio (2.8x).

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 A1A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€16.78
€18.04
+7.5%
2.7%€18.69€17.38n/a4
Dec ’25€17.48
€18.33
+4.9%
2.0%€18.66€17.79n/a4
Nov ’25€18.18
€19.01
+4.6%
4.1%€20.22€18.02n/a4
Oct ’25€21.70
€18.31
-15.6%
6.2%€19.79€16.61n/a4
Sep ’25€20.20
€18.31
-9.4%
6.2%€19.79€16.61n/a4
Aug ’25€19.56
€18.31
-6.4%
6.2%€19.79€16.61n/a4
Jul ’25€18.12
€17.32
-4.4%
5.5%€18.46€15.82n/a4
Jun ’25€17.16
€17.25
+0.6%
5.5%€18.39€15.77n/a4
May ’25€16.48
€16.84
+2.2%
5.5%€17.95€15.39n/a4
Apr ’25€17.68
€18.10
+2.4%
5.9%€19.05€16.45n/a4
Mar ’25€16.94
€18.69
+10.4%
5.9%€19.68€16.99n/a4
Feb ’25€18.35
€18.50
+0.8%
5.9%€19.48€16.82n/a4
Jan ’25€20.82
€18.10
-13.1%
2.6%€18.76€17.68n/a3
Dec ’24€17.81
€17.96
+0.9%
2.6%€18.61€17.55€17.483
Nov ’24€14.35
€17.03
+18.7%
1.9%€17.26€16.57€18.183
Oct ’24€15.17
€17.12
+12.9%
1.9%€17.36€16.66€21.703
Sep ’24€16.61
€17.12
+3.1%
1.9%€17.36€16.66€20.203
Aug ’24€17.58
€17.12
-2.6%
1.9%€17.36€16.66€19.563
Jul ’24€15.47
€16.29
+5.3%
3.3%€17.00€15.72€18.123
Jun ’24€15.07
€16.93
+12.4%
3.3%€17.67€16.35€17.163
May ’24€16.19
€16.93
+4.6%
3.3%€17.67€16.35€16.483
Apr ’24€14.52
€16.74
+15.3%
4.7%€17.71€15.55€17.684
Mar ’24€16.38
€16.74
+2.2%
4.7%€17.71€15.55€16.944
Feb ’24€16.26
€16.18
-0.5%
3.2%€16.77€15.51€18.354
Jan ’24€15.38
€13.60
-11.6%
3.9%€14.48€13.13€20.824
Dec ’23€15.34
€13.60
-11.3%
3.9%€14.48€13.13€17.814

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 19:18
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Atrium Ljungberg AB (publ) is covered by 11 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Markus HenrikssonABG Sundal Collier Sponsored
Erik GranströmCarnegie Investment Bank AB
Fredrik SkoglundDeutsche Bank