Balco Group AB

OM:BALCO Stock Report

Market Cap: SEK 335.0m

Balco Group Future Growth

Future criteria checks 4/6

Balco Group is forecast to grow earnings and revenue by 85.8% and 4.8% per annum respectively. EPS is expected to grow by 85.6% per annum. Return on equity is forecast to be 7.9% in 3 years.

Key information

85.8%

Earnings growth rate

85.62%

EPS growth rate

Building earnings growth12.7%
Revenue growth rate4.8%
Future return on equity7.90%
Analyst coverage

Low

Last updated27 Apr 2026

Recent future growth updates

Analysis Article • Feb 11

kr17.00: That's What Analysts Think Balco Group AB (STO:BALCO) Is Worth After Its Latest Results

As you might know, Balco Group AB ( STO:BALCO ) recently reported its annual numbers. Revenues came in at kr1.3b, in...
Analysis Article • Feb 13

Earnings Miss: Balco Group AB Missed EPS By 96% And Analysts Are Revising Their Forecasts

Balco Group AB ( STO:BALCO ) just released its latest yearly report and things are not looking great. Results showed a...

Recent updates

Narrative Update • Jun 06

BALCO: CEO Transition And Stable Assumptions Will Support Balanced Fair Value

Analysts have kept their SEK fair value estimate for Balco Group broadly unchanged at SEK 15.0. They point to stable assumptions on discount rate, revenue growth, profit margin and future P/E as the basis for the maintained price target. What's in the News Balco Group's Board has started a recruitment process for a new Group CEO to support the company's continued improvement and development efforts.
Narrative Update • May 20

BALCO: Leadership Transition And Margin Outlook Will Support Balanced Fair Value Prospects

Analysts now set their Balco Group price target at SEK 15.00, down from SEK 17.00. This reflects updated assumptions for slightly lower revenue growth, a higher discount rate, stronger profit margins and a reduced future P/E multiple.
Narrative Update • Apr 20

BALCO: Stable Forecasts Will Guide Balanced Prospects At Current Fair Levels

Analysts have kept their SEK price target for Balco Group broadly unchanged. This reflects steady assumptions on fair value, discount rate, revenue growth, profit margin and future P/E, and they see the current target as consistent with their existing view on the shares.
Narrative Update • Apr 04

BALCO: Steady Assumptions Will Support Future Upside From Undervalued Levels

Analysts have maintained their price target for Balco Group at SEK 17, with only marginal tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E. This suggests their overall view on the shares is essentially unchanged.
Narrative Update • Mar 20

BALCO: Stable Assumptions And Undervalued Outlook Will Support Future Upside

Analysts have kept their SEK price target for Balco Group effectively unchanged. This reflects stable assumptions around fair value, discount rate, revenue growth, profit margin and future P/E, and signals that recent information has not materially altered their view on the shares.
Narrative Update • Mar 06

BALCO: Record Cruise Order And Stable Assumptions Will Support Balanced Outlook

Analysts have kept their SEK price target on Balco Group broadly unchanged, with only a very small adjustment that reflects stable assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News Balco has signed what it describes as the largest order in its history, involving deliveries to three new cruise ships being built by German shipyard Meyer Werft, with an order value of approximately SEK 200 million (Key Developments).
Narrative Update • Feb 19

BALCO: Record Cruise Contract And Revised Assumptions Will Support Balanced Long Term Outlook

Analysts have adjusted their price target on Balco Group to SEK 17.0 from SEK 17, reflecting updated views on the company’s discount rate, revenue growth assumptions, profit margin outlook, and future P/E expectations. What's in the News Balco has signed the largest order in its history, tied to three new cruise ships being built by German shipyard Meyer Werft (Key Developments).
Analysis Article • Feb 11

kr17.00: That's What Analysts Think Balco Group AB (STO:BALCO) Is Worth After Its Latest Results

As you might know, Balco Group AB ( STO:BALCO ) recently reported its annual numbers. Revenues came in at kr1.3b, in...
Narrative Update • Feb 05

BALCO: Record Cruise Ship Order Will Support Balanced Long Term Outlook

Analysts have reduced their price target for Balco Group from €25 to €17. This reflects updated views on fair value that are supported by slightly higher discount rate assumptions, more cautious revenue growth and profit margin expectations, and a lower future P/E multiple.
Narrative Update • Jan 21

BALCO: Record Marine Contract Will Support Earnings Momentum And Share Price Upside

Analysts have maintained their fair value estimate for Balco Group at €25.0 per share, with only minor adjustments to inputs such as the discount rate and assumed future P/E, supporting a largely unchanged price target narrative. What's in the News Balco has signed the largest order in its history for balcony deliveries to three new cruise ships being built by German shipyard Meyer Werft, with an order value of approximately SEK 200 million (Key Developments).
Narrative Update • Jan 07

BALCO: Record Cruise Ship Order Will Support Earnings Momentum And Upside Potential

Analysts have maintained their price target for Balco Group at €25.0, making only minor adjustments to inputs such as the discount rate and assumed future P/E. These changes refine their overall view rather than alter it.
Narrative Update • Dec 24

BALCO: Lower Risk Profile Will Support Sustained Earnings Momentum And Upside Potential

Analysts have nudged their price target on Balco Group slightly higher to $25.00, reflecting modestly lower perceived risk and confidence in the company’s ability to sustain its current growth and profitability profile. Valuation Changes The fair value estimate remains unchanged at SEK 25.0 per share, indicating no material revision to the intrinsic value assessment.
Analysis Article • Dec 19

There Are Reasons To Feel Uneasy About Balco Group's (STO:BALCO) Returns On Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...
Narrative Update • Dec 10

BALCO: New Finance Leadership Will Support Earnings Momentum And Undervalued Upside Potential

Analysts have modestly revised their price target on Balco Group to 25.00, from 25.00 previously. This reflects a slightly higher assumed discount rate and a marginally richer future P/E multiple, while leaving core growth and margin expectations effectively unchanged.
Narrative Update • Nov 26

BALCO: New CFO Appointment Will Support Continued Leadership-Driven Momentum

Narrative Update on Balco Group Analysts have maintained their fair value estimate for Balco Group at $25.00. They cite consistent projections across key financial metrics as the basis for their unchanged outlook.
Narrative Update • Nov 11

BALCO: Upcoming CFO Transition Will Drive Leadership-Backed Upside Momentum

Analysts have revised their price target for Balco Group marginally upward to $25.00, citing small adjustments to the discount rate, revenue growth, and future price-to-earnings expectations. What's in the News Balco Group has appointed Viktor Arvidsson as its new CFO.
Analysis Article • Nov 09

Market Cool On Balco Group AB's (STO:BALCO) Revenues Pushing Shares 28% Lower

The Balco Group AB ( STO:BALCO ) share price has fared very poorly over the last month, falling by a substantial 28...
Narrative Update • Oct 28

Leadership Changes And Improved Margins Will Drive Recovery Toward 2026

Analysts have lowered their price target for Balco Group from $32 to $25, citing expectations for slightly softer revenue growth and increased discount rates. This comes despite improved profit margins and a more attractive forward price-to-earnings ratio.
Analysis Article • Oct 16

Does Balco Group (STO:BALCO) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Narrative Update • Aug 21

Nordic And Maritime Expansion Will Ignite Sustainable Recovery

With both the discount rate and future P/E ratio for Balco Group remaining virtually unchanged, analysts have maintained their consensus price target at SEK32.00. What's in the News Balco AS secured a turnkey project in Drammen for a housing cooperative, involving new glazed balconies and integrated air source heat pumps, valued at about NOK 40 million, with production in Vaxjo and start in autumn 2025.
Analysis Article • May 01

Positive Sentiment Still Eludes Balco Group AB (STO:BALCO) Following 25% Share Price Slump

To the annoyance of some shareholders, Balco Group AB ( STO:BALCO ) shares are down a considerable 25% in the last...
Analysis Article • Feb 13

Earnings Miss: Balco Group AB Missed EPS By 96% And Analysts Are Revising Their Forecasts

Balco Group AB ( STO:BALCO ) just released its latest yearly report and things are not looking great. Results showed a...
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New Narrative • Feb 06

Advancements In Energy-Saving Solutions Will Expand Green Offerings With RK Heat Pumps

Strong order intake and strategic structural changes enhance Balco Group's future revenue potential and profitability.
Analysis Article • May 08

Balco Group AB's (STO:BALCO) CEO Might Not Expect Shareholders To Be So Generous This Year

Key Insights Balco Group's Annual General Meeting to take place on 14th of May Total pay for CEO Camilla Ekdahl...
Analysis Article • Jan 06

Balco Group AB (STO:BALCO) Surges 26% Yet Its Low P/E Is No Reason For Excitement

The Balco Group AB ( STO:BALCO ) share price has done very well over the last month, posting an excellent gain of 26...
Analysis Article • Aug 22

Is Balco Group (STO:BALCO) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Feb 15

Investors Can Find Comfort In Balco Group's (STO:BALCO) Earnings Quality

Soft earnings didn't appear to concern Balco Group AB's ( STO:BALCO ) shareholders over the last week. We think that...

Earnings and Revenue Growth Forecasts

OM:BALCO - Analysts future estimates and past financials data (SEK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,4626876971
12/31/20271,3835445661
12/31/20261,329864851
3/31/20261,278-66780N/A
12/31/20251,295-36-215N/A
9/30/20251,310-37-73-50N/A
6/30/20251,365-32-85-61N/A
3/31/20251,407-291127N/A
12/31/20241,41817285N/A
9/30/20241,32194149N/A
6/30/20241,243156775N/A
3/31/20241,216321122N/A
12/31/20231,21546-40-26N/A
9/30/20231,309663253N/A
6/30/20231,36671107130N/A
3/31/20231,37171134160N/A
12/31/20221,33476129153N/A
9/30/20221,27480119140N/A
6/30/20221,206875476N/A
3/31/20221,15893421N/A
12/31/20211,120904663N/A
9/30/20211,06556014N/A
6/30/20211,08158719N/A
3/31/20211,12969116129N/A
12/31/20201,2007897112N/A
9/30/20201,265109156169N/A
6/30/20201,299111127139N/A
3/31/20201,27210896108N/A
12/31/20191,221103N/A97N/A
9/30/20191,19296N/A16N/A
6/30/20191,13792N/A49N/A
3/31/20191,08581N/A27N/A
12/31/20181,05877N/A28N/A
9/30/20181,03778N/A145N/A
6/30/20181,00655N/A115N/A
3/31/20181,00142N/A135N/A
12/31/201798931N/A155N/A
9/30/201794313N/A57N/A
6/30/201792919N/A50N/A
3/31/201784710N/A33N/A
12/31/20168025N/A61N/A
12/31/201563913N/A27N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BALCO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: BALCO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BALCO is expected to become profitable in the next 3 years.

Revenue vs Market: BALCO's revenue (4.8% per year) is forecast to grow faster than the Swedish market (-0.09% per year).

High Growth Revenue: BALCO's revenue (4.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BALCO's Return on Equity is forecast to be low in 3 years time (7.9%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/20 19:13
End of Day Share Price 2026/06/18 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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

Balco Group AB is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kenneth Toll JohanssonCarnegie Investment Bank AB
Henrik DahlgrenDanske Bank
Johan WettergrenDNB Carnegie