Fastighets AB Balder (publ)

OM:BALD B Stock Report

Market Cap: SEK 80.0b

Fastighets AB Balder Valuation

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

Discounted Cash Flow
Simply Wall St
SEK 5.38
Fair Value
1.2k% overvalued intrinsic discount
5
Number of Analysts

Below Fair Value: BALD B (SEK67.78) is trading above our estimate of fair value (SEK5.38)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BALD B. This is calculated by dividing BALD B's market cap by their current earnings.
What is BALD B's PE Ratio?
PE Ratio24.4x
EarningsSEK 3.30b
Market CapSEK 79.97b

Price to Earnings Ratio vs Peers

How does BALD B's PE Ratio compare to its peers?

The above table shows the PE ratio for BALD B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.7x
SAGA A AB Sagax
19x2.7%SEK 76.8b
CAST Castellum
24.2x24.1%SEK 56.6b
WIHL Wihlborgs Fastigheter
17.1x6.6%SEK 30.4b
WALL B Wallenstam
30.3x12.2%SEK 30.3b
BALD B Fastighets AB Balder
24.4x22.3%SEK 80.0b

Price-To-Earnings vs Peers: BALD B is expensive based on its Price-To-Earnings Ratio (24.4x) compared to the peer average (22.7x).

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HEIM PREF Heimstaden
0.9xn/aUS$256.28m
AJA B Byggmästare Anders J Ahlström Holding
2.8xn/aUS$176.89m
TORSAB Torslanda Property Investment
1.8xn/aUS$95.65m
TITA B Titania Holding
1.4x-9.3%US$50.43m
BALD B 24.4xIndustry Avg. 22.0xNo. of Companies7PE01224364860+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BALD B is expensive based on its Price-To-Earnings Ratio (24.4x) compared to the Swedish Real Estate industry average (22x).

Price to Earnings Ratio vs Fair Ratio

What is BALD B'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.

BALD B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.4x
Fair PE Ratio30.8x

Price-To-Earnings vs Fair Ratio: BALD B is good value based on its Price-To-Earnings Ratio (24.4x) compared to the estimated Fair Price-To-Earnings Ratio (30.8x).

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 BALD B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 67.78
SEK 88.00
+29.8%
4.5%SEK 90.00SEK 80.00n/a5
Feb ’26SEK 79.20
SEK 89.00
+12.4%
2.2%SEK 90.00SEK 85.00n/a5
Jan ’26SEK 76.80
SEK 91.25
+18.8%
2.4%SEK 95.00SEK 90.00n/a4
Dec ’25SEK 83.92
SEK 91.75
+9.3%
2.2%SEK 95.00SEK 90.00n/a4
Nov ’25SEK 85.54
SEK 90.50
+5.8%
1.0%SEK 92.00SEK 90.00n/a4
Oct ’25SEK 91.00
SEK 87.00
-4.4%
3.5%SEK 90.00SEK 83.00n/a4
Sep ’25SEK 80.50
SEK 87.00
+8.1%
3.5%SEK 90.00SEK 83.00n/a4
Aug ’25SEK 78.98
SEK 87.00
+10.2%
3.5%SEK 90.00SEK 83.00n/a4
Jul ’25SEK 73.62
SEK 76.75
+4.3%
6.3%SEK 83.00SEK 70.00n/a4
Jun ’25SEK 70.66
SEK 76.00
+7.6%
5.2%SEK 80.00SEK 70.00n/a4
May ’25SEK 70.92
SEK 75.60
+6.6%
6.9%SEK 82.00SEK 67.00n/a5
Apr ’25SEK 78.68
SEK 75.60
-3.9%
6.9%SEK 82.00SEK 67.00SEK 63.865
Mar ’25SEK 67.36
SEK 75.60
+12.2%
6.9%SEK 82.00SEK 67.00SEK 76.245
Feb ’25SEK 69.10
SEK 70.60
+2.2%
12.5%SEK 82.00SEK 60.00SEK 79.205
Jan ’25SEK 71.52
SEK 57.40
-19.7%
9.6%SEK 64.00SEK 48.00SEK 76.805
Dec ’24SEK 63.24
SEK 57.40
-9.2%
9.6%SEK 64.00SEK 48.00SEK 83.925
Nov ’24SEK 47.44
SEK 55.60
+17.2%
7.9%SEK 60.00SEK 48.00SEK 85.545
Oct ’24SEK 49.30
SEK 55.60
+12.8%
7.9%SEK 60.00SEK 48.00SEK 91.005
Sep ’24SEK 52.32
SEK 55.60
+6.3%
7.9%SEK 60.00SEK 48.00SEK 80.505
Aug ’24SEK 48.32
SEK 55.60
+15.1%
7.9%SEK 60.00SEK 48.00SEK 78.985
Jul ’24SEK 39.36
SEK 55.00
+39.7%
10.0%SEK 60.00SEK 45.00SEK 73.625
Jun ’24SEK 36.50
SEK 55.00
+50.7%
10.0%SEK 60.00SEK 45.00SEK 70.665
May ’24SEK 47.59
SEK 63.00
+32.4%
6.3%SEK 70.00SEK 60.00SEK 70.925
Apr ’24SEK 42.51
SEK 65.60
+54.3%
8.0%SEK 73.00SEK 60.00SEK 78.685
AnalystConsensusTarget
Consensus Narrative from 5 Analysts
SEK 88.00
Fair Value
23.0% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/29 17:53
End of Day Share Price 2025/04/29 00:00
Earnings2024/12/31
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 12 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