Fastighets AB Balder (publ)

BATS-CHIXE:BALDBs Stock Report

Market Cap: SEK 88.2b

Fastighets AB Balder Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

SEK 10.83
Fair Value
502.8% overvalued intrinsic discount
5
Number of Analysts

Below Fair Value: Insufficient data to calculate BALDBs's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BALDBs's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BALDBs. This is calculated by dividing BALDBs's market cap by their current earnings.
What is BALDBs's PE Ratio?
PE Ratio13.4x
EarningsSEK 6.59b
Market CapSEK 88.18b

Price to Earnings Ratio vs Peers

How does BALDBs's PE Ratio compare to its peers?

The above table shows the PE ratio for BALDBs vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average47.6x
IWG International Workplace Group
145.4x70.48%UK£2.4b
SRE Sirius Real Estate
10x1.72%UK£1.6b
GRI Grainger
13.3x14.65%UK£1.4b
TPFG Property Franchise Group
21.8x11.29%UK£346.8m
BALDBs Fastighets AB Balder
13.4x6.22%SEK 88.2b

Price-To-Earnings vs Peers: BALDBs is good value based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (47.6x).

Price to Earnings Ratio vs Industry

How does BALDBs's PE Ratio compare vs other companies in the GB Real Estate Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
RAV Raven Property Group
0.3x-75.97%US$23.74m
CRC Circle Property
0.4xn/aUS$1.28m
No more companies available in this PE range
No. of Companies4PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BALDBs is good value based on its Price-To-Earnings Ratio (13.4x) compared to the European Real Estate industry average (15.6x).

Price to Earnings Ratio vs Fair Ratio

What is BALDBs'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.

BALDBs PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BALDBs's Price-To-Earnings Fair Ratio for valuation analysis.

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 BALDBs forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 81.20
0%
9.42%SEK 90.00SEK 72.00n/a5
Oct ’26SEK 66.88
SEK 81.20
+21.41%
9.42%SEK 90.00SEK 72.00n/a5
Sep ’26SEK 67.34
SEK 83.50
+24.00%
8.19%SEK 90.00SEK 74.00n/a4
Aug ’26n/a
SEK 83.50
0%
8.19%SEK 90.00SEK 74.00n/a4
Jul ’26n/a
SEK 83.25
0%
8.64%SEK 90.00SEK 73.00n/a4
Jun ’26n/a
SEK 84.60
0%
8.24%SEK 90.00SEK 73.00n/a5
May ’26n/a
SEK 88.00
0%
4.55%SEK 90.00SEK 80.00n/a5
Feb ’26SEK 80.62
SEK 89.00
+10.39%
2.25%SEK 90.00SEK 85.00n/a5
Jan ’26n/a
SEK 91.25
0%
2.37%SEK 95.00SEK 90.00n/a4
Dec ’25SEK 81.51
SEK 91.75
+12.56%
2.23%SEK 95.00SEK 90.00n/a4
Nov ’25SEK 84.09
SEK 90.50
+7.62%
0.96%SEK 92.00SEK 90.00n/a4
Oct ’25n/a
SEK 87.00
0%
3.54%SEK 90.00SEK 83.00SEK 66.884
Sep ’25n/a
SEK 87.00
0%
3.54%SEK 90.00SEK 83.00SEK 67.344
Aug ’25n/a
SEK 87.00
0%
3.54%SEK 90.00SEK 83.00n/a4
Jul ’25SEK 69.77
SEK 76.75
+10.00%
6.27%SEK 83.00SEK 70.00n/a4
Jun ’25n/a
SEK 76.00
0%
5.18%SEK 80.00SEK 70.00n/a4
May ’25n/a
SEK 75.60
0%
6.93%SEK 82.00SEK 67.00n/a5
Apr ’25n/a
SEK 75.60
0%
6.93%SEK 82.00SEK 67.00n/a5
Mar ’25SEK 65.53
SEK 75.60
+15.37%
6.93%SEK 82.00SEK 67.00n/a5
Feb ’25n/a
SEK 70.60
0%
12.46%SEK 82.00SEK 60.00SEK 80.625
Jan ’25n/a
SEK 57.40
0%
9.58%SEK 64.00SEK 48.00n/a5
Dec ’24n/a
SEK 57.40
0%
9.58%SEK 64.00SEK 48.00SEK 81.515
Nov ’24n/a
SEK 55.60
0%
7.93%SEK 60.00SEK 48.00SEK 84.095
Oct ’24n/a
SEK 55.60
0%
7.93%SEK 60.00SEK 48.00n/a5
SEK 71.53
Fair Value
8.7% undervalued intrinsic discount
5
Number of Analysts

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 Analysis2025/10/25 09:07
End of Day Share Price 2025/10/02 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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 9 analysts. 5 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