Atrium Ljungberg AB (publ)

DB:A1A Stock Report

Market Cap: €2.2b

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 (€17.26) is trading above our estimate of fair value (€5.44)

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 Ratio6.5x
SalesSEK 3.92b
Market CapSEK 25.41b

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 Average3.3x
GYC Grand City Properties
3.5x1.5%€2.1b
DEQ Deutsche EuroShop
5.3x-0.2%€1.5b
AT1 Aroundtown
2.2x2.8%€3.2b
TEG TAG Immobilien
2x-36.9%€2.7b
A1A Atrium Ljungberg
6.5x-0.06%€25.4b

Price-To-Sales vs Peers: A1A is expensive based on its Price-To-Sales Ratio (6.5x) compared to the peer average (3.3x).

Price to Sales Ratio vs Industry

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

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.5x-42.0%US$88.43m
ADJ Adler Group
0.1xn/aUS$50.23m
NUVA Noratis
0.3x16.6%US$15.96m
A4Y ACCENTRO Real Estate
0.1x5.2%US$11.21m
A1A 6.5xIndustry Avg. 3.8xNo. of Companies10PS02.85.68.411.214+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: A1A is expensive based on its Price-To-Sales Ratio (6.5x) compared to the German Real Estate industry average (3.7x).

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 Ratio6.5x
Fair PS Ratio3x

Price-To-Sales vs Fair Ratio: A1A is expensive based on its Price-To-Sales Ratio (6.5x) compared to the estimated Fair Price-To-Sales Ratio (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 A1A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€17.26
€18.37
+6.4%
2.0%€18.70€17.83n/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€17.55n/a3
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
Nov ’23€13.49
€13.60
+0.8%
3.9%€14.48€13.13€14.354

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

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