Pandox (POX) Stock Overview

Owns, develops, and leases hotel properties to skilled hotel operators under long-term, turnover based leases with minimum guaranteed levels. More details

POX fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	4/6
Financial Health	0/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (9.3x) is below the German market (17x)

Earnings grew by 170.6% over the past year

Analysts in good agreement that stock price will rise by 22.2%

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 13.7% per year for the next 3 years

Large one-off items impacting financial results

Unstable dividend track record

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Pandox AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for Pandox
Historical stock prices
Current Share Price	SEK 15.28
52 Week High	SEK 19.10
52 Week Low	SEK 14.88
Beta	1.24
1 Month Change	-0.65%
3 Month Change	-16.32%
1 Year Change	1.73%
3 Year Change	43.21%
5 Year Change	15.93%
Change since IPO	-2.97%

Recent updates

Shareholder Returns

	POX	DE Real Estate	DE Market
7D	-4.0%	-3.7%	-1.2%
1Y	1.7%	-19.3%	0.5%

Return vs Industry: POX exceeded the German Real Estate industry which returned -19.3% over the past year.

Return vs Market: POX exceeded the German Market which returned 0.5% over the past year.

Price Volatility

Is POX's price volatile compared to industry and market?
POX volatility
POX Average Weekly Movement	3.7%
Real Estate Industry Average Movement	4.7%
Market Average Movement	5.4%
10% most volatile stocks in DE Market	12.8%
10% least volatile stocks in DE Market	2.8%

Stable Share Price: POX has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: POX's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1932	1,337	Liia Nou	www.pandox.se

Pandox AB (publ) owns, develops, and leases hotel properties to skilled hotel operators under long-term, turnover based leases with minimum guaranteed levels. Since their inception in 1995, they have grown into one of the largest hotel property owners in Europe. Their portfolio consists of 193 hotel properties with approximately 43,000 rooms across 11 countries in Northern Europe.

Pandox AB (publ) Fundamentals Summary

How do Pandox's earnings and revenue compare to its market cap?
POX fundamental statistics
Market cap	€3.10b
Earnings (TTM)	€333.57m
Revenue (TTM)	€694.80m

9.3x

P/E Ratio

4.5x

P/S Ratio

Is POX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
POX income statement (TTM)
Revenue	SEK 7.64b
Cost of Revenue	SEK 3.21b
Gross Profit	SEK 4.43b
Other Expenses	SEK 760.00m
Earnings	SEK 3.67b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Oct 22, 2026

Earnings per share (EPS)	18.84
Gross Margin	57.96%
Net Profit Margin	48.01%
Debt/Equity Ratio	143.2%

How did POX perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

24%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/15 00:28
End of Day Share Price	2026/07/15 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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Pandox AB (publ) is covered by 10 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.

Analyst	Institution
null null	ABG Sundal Collier
null null	ABG Sundal Collier Sponsored
Erik Granström	Carnegie Investment Bank AB

Pandox (POX) Stock Overview

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Risk Analysis

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Pandox AB (publ) Competitors

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Price History & Performance

Recent News & Updates

Less than half of directors are independent

Pandox AB Approves Dividend

Pandox AB (publ) to Report Fiscal Year 2025 Final Results on Mar 13, 2026

Pandox AB (publ) announces Annual dividend, payable on April 22, 2026

Pandox AB (publ) to Report Nine Months, 2026 Results on Oct 22, 2026

Pandox AB (publ) (OM:PNDX B) and Eiendomsspar AS (OTCNO:EISP) completed the acquisition of remaining 91.2% stake in Dalata Hotel Group plc (ISE:DHG).

Recent updates

Less than half of directors are independent

Pandox AB Approves Dividend

Pandox AB (publ) to Report Fiscal Year 2025 Final Results on Mar 13, 2026

Pandox AB (publ) announces Annual dividend, payable on April 22, 2026

Pandox AB (publ) to Report Nine Months, 2026 Results on Oct 22, 2026

Pandox AB (publ) (OM:PNDX B) and Eiendomsspar AS (OTCNO:EISP) completed the acquisition of remaining 91.2% stake in Dalata Hotel Group plc (ISE:DHG).

Pandox AB (publ) (OM:PNDX B) acquired Elite Hotel Frost from Kiruna municipality.

Pandox AB (publ), Annual General Meeting, Apr 15, 2026

Pandox AB (publ) to Report Q1, 2026 Results on Apr 29, 2026

Pandox AB (publ) (OM:PNDX B) and Eiendomsspar AS (OTCNO:EISP) proposed to acquire Dalata Hotel Group plc (ISE:DHG) for €1.3 billion.

Pandox AB (publ) (OM:PNDX B) completed the acquisition of Hotel Pullman Cologne from Hotel Manage To Core Fonds, a fund managed by Art-Invest Real Estate Management GmbH & Co KG.

Pandox AB (publ) (OM:PNDX B) signed an agreement to acquire Hotel Pullman Cologne from Hotel Manage To Core Fonds, a fund managed by Art-Invest Real Estate Management GmbH & Co KG for €66 million.

Pandox AB (publ) to Report Fiscal Year 2024 Final Results on Mar 13, 2025

Pandox AB (publ) (OM:PNDX B) completed the acquisition of Radisson Blu Hotel Tromsø from DNB Eiendom AS.

Pandox AB (Publ) Appoints Mikael Hultqvist as SVP Property Management

Third quarter 2024 earnings released: kr0.24 loss per share (vs kr2.48 profit in 3Q 2023)

Pandox AB (publ) (OM:PNDX B) completed the acquisition of DoubleTree by Hilton Edinburgh.

New minor risk - Shareholder dilution

Chief Executive Officer recently bought €44k worth of stock

Pandox AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 2.000058 billion.

Pandox AB (publ), Annual General Meeting, Apr 09, 2025

Pandox AB (publ) (OM:PNDX B) entered into an agreement to acquire DoubleTree by Hilton Edinburgh for £49 million.

Insider recently sold €42m worth of stock

Second quarter 2024 earnings released: EPS: kr3.83 (vs kr1.56 in 2Q 2023)

Pandox AB (publ) to Report Q1, 2025 Results on Apr 29, 2025

First quarter 2024 earnings released

An unknown buyer completed the acquisition of DoubleTree by Hilton Montreal from Pandox AB (publ) (OM:PNDX B).

Pandox AB (Publ) Approves Dividend

Upcoming dividend of kr4.00 per share

Dividend of kr4.00 announced

Full year 2023 earnings released: kr3.18 loss per share (vs kr22.94 profit in FY 2022)

Pandox AB (publ) to Report Fiscal Year 2023 Results on Mar 08, 2024

Pandox AB (publ) Proposes a Dividend

Full year 2023 earnings released: kr318 loss per share (vs kr22.94 profit in FY 2022)

Pandox AB (publ) to Report Fiscal Year 2024 Results on Feb 06, 2025

Third quarter 2023 earnings released: EPS: kr2.48 (vs kr9.16 in 3Q 2022)

Pandox AB (publ), Annual General Meeting, Apr 10, 2024

New minor risk - Profit margin trend

Second quarter 2023 earnings released

Insider recently bought €79k worth of stock

First quarter 2023 earnings released

Less than half of directors are independent

Upcoming dividend of kr2.50 per share at 2.0% yield

Insider recently bought €27k worth of stock

Chief Executive Officer recently bought €44k worth of stock

Full year 2022 earnings released: EPS: kr22.94 (vs kr3.32 in FY 2021)

Pandox AB (publ) Proposes Dividend for 2022

An unknown buyer acquired InterContinental from Montreal Pandox AB (publ) (OM:PNDX B) for CAD 80 million.

Pandox AB (publ) to Report Fiscal Year 2022 Results on Mar 10, 2023

Third quarter 2022 earnings released

Pandox AB (publ) to Report Fiscal Year 2022 Results on Feb 10, 2023

Pandox AB (publ) (OM:PNDX B) acquired Hotel in the UK from Starwood Capital Operations, LLC for £40 million.

Pandox AB (publ) Announces Nomination Committee for the AGM 2023

Investor sentiment improved over the past week

Second quarter 2022 earnings released

Pandox AB (publ), Annual General Meeting, Apr 12, 2023

Pandox AB (Publ) Announces Executive Changes

Investor sentiment deteriorated over the past week

Pandox AB (publ) to Report Fiscal Year 2023 Results on Feb 08, 2024

Director recently bought €39k worth of stock

First quarter 2022 earnings released

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat