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BALD

Fastighets AB BalderOM:BALD B Stock Report

Market Cap

kr131.8b

7D

-3.9%

1Y

52.8%

Updated

26 Nov, 2021

Data

Company Financials +
BALD B fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance3/6
Financial Health2/6
Dividends0/6

BALD B Stock Overview

Fastighets AB Balder (publ) develops, owns, and manages residential and commercial properties, and hotels in Sweden, Denmark, Finland, Norway, Germany, and the United Kingdom.

Fastighets AB Balder Competitors

AB Sagax

OM:SAGA A

kr123.0b

Samhällsbyggnadsbolaget i Norden

OM:SBB B

kr103.0b

Castellum

OM:CAST

kr69.7b

Akelius Residential Property

OM:AKEL D

€5.8b

Price History & Performance

Summary of all time highs, changes and price drops for Fastighets AB Balder
Historical stock prices
Current Share Pricekr690.00
52 Week Highkr724.20
52 Week Lowkr391.40
Beta0.49
1 Month Change9.87%
3 Month Change10.58%
1 Year Change52.79%
3 Year Change174.90%
5 Year Change272.17%
Change since IPO-60.19%

Recent News & Updates

Shareholder Returns

BALD BSE Real EstateSE Market
7D-3.9%1.4%-1.4%
1Y52.8%50.6%33.1%

Return vs Industry: BALD B exceeded the Swedish Real Estate industry which returned 48.1% over the past year.

Return vs Market: BALD B exceeded the Swedish Market which returned 32.9% over the past year.

Price Volatility

Is BALD B's price volatile compared to industry and market?
BALD B volatility
BALD B Average Weekly Movement4.4%
Real Estate Industry Average Movement4.5%
Market Average Movement6.4%
10% most volatile stocks in SE Market12.0%
10% least volatile stocks in SE Market3.8%

Stable Share Price: BALD B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BALD B's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005981Erik Selinhttps://www.balder.se

Fastighets AB Balder (publ) develops, owns, and manages residential and commercial properties, and hotels in Sweden, Denmark, Finland, Norway, Germany, and the United Kingdom. The company’s property portfolio comprises commercial properties, such as commerce, industrial/warehouse, office, restaurant, and education/health properties, as well as shops and garages; and parking spaces. As of December 31, 2020, it owned 1,362 investment properties with a lettable area of 4,502,000 square meters.

Fastighets AB Balder Fundamentals Summary

How do Fastighets AB Balder's earnings and revenue compare to its market cap?
BALD B fundamental statistics
Market Capkr131.78b
Earnings (TTM)kr14.70b
Revenue (TTM)kr9.71b

8.8x

P/E Ratio

13.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BALD B income statement (TTM)
Revenuekr9.71b
Cost of Revenuekr2.87b
Gross Profitkr6.85b
Expenses-kr7.85b
Earningskr14.70b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 11, 2022

Earnings per share (EPS)78.81
Gross Margin70.49%
Net Profit Margin151.37%
Debt/Equity Ratio140.5%

How did BALD B perform over the long term?

See historical performance and comparison

Valuation

Is Fastighets AB Balder undervalued compared to its fair value and its price relative to the market?

8.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BALD B's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BALD B's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BALD B is good value based on its PE Ratio (9x) compared to the Swedish Real Estate industry average (10.8x).

PE vs Market: BALD B is good value based on its PE Ratio (9x) compared to the Swedish market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: BALD B's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BALD B is overvalued based on its PB Ratio (1.9x) compared to the SE Real Estate industry average (1.4x).


Future Growth

How is Fastighets AB Balder forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-34.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BALD B's earnings are forecast to decline over the next 3 years (-34.1% per year).

Earnings vs Market: BALD B's earnings are forecast to decline over the next 3 years (-34.1% per year).

High Growth Earnings: BALD B's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BALD B's revenue (7.4% per year) is forecast to grow faster than the Swedish market (5.3% per year).

High Growth Revenue: BALD B's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BALD B's Return on Equity is forecast to be low in 3 years time (8.4%).


Past Performance

How has Fastighets AB Balder performed over the past 5 years?

10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BALD B has a large one-off gain of SEK13.0B impacting its September 30 2021 financial results.

Growing Profit Margin: BALD B's current net profit margins are higher than last year (86.2%).


Past Earnings Growth Analysis

Earnings Trend: BALD B's earnings have grown by 10.1% per year over the past 5 years.

Accelerating Growth: BALD B's earnings growth over the past year (94.7%) exceeds its 5-year average (10.1% per year).

Earnings vs Industry: BALD B earnings growth over the past year (94.7%) underperformed the Real Estate industry 95.8%.


Return on Equity

High ROE: BALD B's Return on Equity (19.5%) is considered low.


Financial Health

How is Fastighets AB Balder's financial position?


Financial Position Analysis

Short Term Liabilities: BALD B's short term assets (SEK8.3B) do not cover its short term liabilities (SEK32.3B).

Long Term Liabilities: BALD B's short term assets (SEK8.3B) do not cover its long term liabilities (SEK103.8B).


Debt to Equity History and Analysis

Debt Level: BALD B's net debt to equity ratio (137.1%) is considered high.

Reducing Debt: BALD B's debt to equity ratio has reduced from 168.2% to 140.5% over the past 5 years.

Debt Coverage: BALD B's debt is not well covered by operating cash flow (3.7%).

Interest Coverage: BALD B's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


Dividend

What is Fastighets AB Balder current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BALD B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BALD B's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BALD B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BALD B's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BALD B's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Erik Selin (54 yo)

16.83yrs

Tenure

Mr. Erik Selin, B.Sc. (Econ.) serves as Chairman of the Board at Brinova Fastigheter AB (publ) since 2018. Mr. Selin has been Chief Executive Officer of Fastighets AB Balder (publ) since 2005. He serves as...


Leadership Team

Experienced Management: BALD B's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: BALD B's board of directors are seasoned and experienced ( 15.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fastighets AB Balder (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Fastighets AB Balder (publ)
  • Ticker: BALD B
  • Exchange: OM
  • Founded: 2005
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: kr131.781b
  • Shares outstanding: 186.50m
  • Website: https://www.balder.se

Number of Employees


Location

  • Fastighets AB Balder (publ)
  • Parkgatan 49
  • Box 53121
  • Gothenburg
  • Västra Götaland County
  • 400 15
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 18:46
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.