Atrium Ljungberg AB (publ)

OM:ATRLJ B Stock Report

Market Cap: SEK 24.8b

Atrium Ljungberg Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 ATRLJ B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ATRLJ B (SEK194) is trading above our estimate of fair value (SEK63.83)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ATRLJ B. This is calculated by dividing ATRLJ B's market cap by their current revenue.
What is ATRLJ B's PS Ratio?
PS Ratio6.2x
SalesSEK 3.92b
Market CapSEK 24.77b

Price to Sales Ratio vs Peers

How does ATRLJ B's PS Ratio compare to its peers?

The above table shows the PS ratio for ATRLJ B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average9.9x
FABG Fabege
7x2.8%SEK 25.5b
HUFV A Hufvudstaden
7.8x2.2%SEK 24.6b
CATE Catena
14.3x18.1%SEK 28.8b
WALL B Wallenstam
10.4x4.5%SEK 31.6b
ATRLJ B Atrium Ljungberg
6.2x-0.06%SEK 24.5b

Price-To-Sales vs Peers: ATRLJ B is good value based on its Price-To-Sales Ratio (6.2x) compared to the peer average (9.9x).

Price to Sales Ratio vs Industry

How does ATRLJ B's PS Ratio compare vs other companies in the SE Real Estate Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
HEIM PREF Heimstaden
0.2xn/aUS$249.22m
WBGR B Wästbygg Gruppen
0.2x0.2%US$86.75m
FASTAT Aktiebolaget Fastator
0.2xn/aUS$8.23m
SAMT B Samtrygg Group
0.07xn/aUS$3.18m
ATRLJ B 6.2xIndustry Avg. 5.4xNo. of Companies10PS02.85.68.411.214+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ATRLJ B is expensive based on its Price-To-Sales Ratio (6.2x) compared to the Swedish Real Estate industry average (5.4x).

Price to Sales Ratio vs Fair Ratio

What is ATRLJ B'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.

ATRLJ B PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.2x
Fair PS Ratio5.2x

Price-To-Sales vs Fair Ratio: ATRLJ B is expensive based on its Price-To-Sales Ratio (6.2x) compared to the estimated Fair Price-To-Sales Ratio (5.2x).

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 ATRLJ B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 194.00
SEK 211.25
+8.9%
2.0%SEK 215.00SEK 205.00n/a4
Nov ’25SEK 213.00
SEK 216.25
+1.5%
4.1%SEK 230.00SEK 205.00n/a4
Oct ’25SEK 248.50
SEK 212.75
-14.4%
6.2%SEK 230.00SEK 193.00n/a4
Sep ’25SEK 235.00
SEK 212.75
-9.5%
6.2%SEK 230.00SEK 193.00n/a4
Aug ’25SEK 231.00
SEK 212.75
-7.9%
6.2%SEK 230.00SEK 193.00n/a4
Jul ’25SEK 208.50
SEK 197.00
-5.5%
5.5%SEK 210.00SEK 180.00n/a4
Jun ’25SEK 200.50
SEK 197.00
-1.7%
5.5%SEK 210.00SEK 180.00n/a4
May ’25SEK 195.40
SEK 197.00
+0.8%
5.5%SEK 210.00SEK 180.00n/a4
Apr ’25SEK 209.20
SEK 209.00
-0.1%
5.9%SEK 220.00SEK 190.00n/a4
Mar ’25SEK 198.30
SEK 209.00
+5.4%
5.9%SEK 220.00SEK 190.00n/a4
Feb ’25SEK 198.80
SEK 209.00
+5.1%
5.9%SEK 220.00SEK 190.00n/a4
Jan ’25SEK 231.20
SEK 202.67
-12.3%
2.6%SEK 210.00SEK 198.00n/a3
Dec ’24SEK 207.00
SEK 202.67
-2.1%
2.6%SEK 210.00SEK 198.00n/a3
Nov ’24SEK 174.20
SEK 197.33
+13.3%
1.9%SEK 200.00SEK 192.00SEK 213.003
Oct ’24SEK 178.10
SEK 197.33
+10.8%
1.9%SEK 200.00SEK 192.00SEK 248.503
Sep ’24SEK 196.90
SEK 197.33
+0.2%
1.9%SEK 200.00SEK 192.00SEK 235.003
Aug ’24SEK 204.40
SEK 197.33
-3.5%
1.9%SEK 200.00SEK 192.00SEK 231.003
Jul ’24SEK 186.60
SEK 191.67
+2.7%
3.3%SEK 200.00SEK 185.00SEK 208.503
Jun ’24SEK 175.50
SEK 191.67
+9.2%
3.3%SEK 200.00SEK 185.00SEK 200.503
May ’24SEK 190.50
SEK 191.67
+0.6%
3.3%SEK 200.00SEK 185.00SEK 195.403
Apr ’24SEK 169.00
SEK 186.25
+10.2%
4.7%SEK 197.00SEK 173.00SEK 209.204
Mar ’24SEK 178.20
SEK 186.25
+4.5%
4.7%SEK 197.00SEK 173.00SEK 198.304
Feb ’24SEK 189.30
SEK 180.50
-4.6%
3.2%SEK 187.00SEK 173.00SEK 198.804
Jan ’24SEK 170.90
SEK 150.25
-12.1%
3.9%SEK 160.00SEK 145.00SEK 231.204
Dec ’23SEK 170.10
SEK 150.25
-11.7%
3.9%SEK 160.00SEK 145.00SEK 207.004
Nov ’23SEK 158.60
SEK 150.25
-5.3%
3.9%SEK 160.00SEK 145.00SEK 174.204

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

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