Atrium Ljungberg AB (publ)

OM:ATRLJ B Stock Report

Market Cap: SEK 25.0b

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 (SEK198.2) is trading above our estimate of fair value (SEK67.24)

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 Ratio6.4x
SalesSEK 3.92b
Market CapSEK 24.99b

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 Average8.8x
HUFV A Hufvudstaden
7.8x2.2%SEK 24.5b
FABG Fabege
7.1x2.8%SEK 26.0b
NYF Nyfosa
5.8x-0.2%SEK 22.5b
CATE Catena
14.2x18.1%SEK 28.6b
ATRLJ B Atrium Ljungberg
6.4x-2.7%SEK 25.0b

Price-To-Sales vs Peers: ATRLJ B is good value based on its Price-To-Sales Ratio (6.4x) compared to the peer average (8.8x).

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$264.24m
WBGR B Wästbygg Gruppen
0.2x0.2%US$70.32m
FASTAT Aktiebolaget Fastator
0.3xn/aUS$8.90m
SAMT B Samtrygg Group
0.08xn/aUS$2.82m
ATRLJ B 6.4xIndustry Avg. 5.5xNo. of Companies9PS03.26.49.612.816+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ATRLJ B is expensive based on its Price-To-Sales Ratio (6.4x) compared to the Swedish Real Estate industry average (5.5x).

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 Ratio6.4x
Fair PS Ratio5x

Price-To-Sales vs Fair Ratio: ATRLJ B is expensive based on its Price-To-Sales Ratio (6.4x) compared to the estimated Fair Price-To-Sales Ratio (5x).

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 198.20
SEK 207.50
+4.7%
2.7%SEK 215.00SEK 200.00n/a4
Dec ’25SEK 201.50
SEK 211.25
+4.8%
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 198.00SEK 201.503
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

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 Analysis2024/12/30 13:28
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Atrium Ljungberg AB (publ) is covered by 11 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.

AnalystInstitution
Markus HenrikssonABG Sundal Collier Sponsored
Erik GranströmCarnegie Investment Bank AB
Fredrik SkoglundDeutsche Bank