OM:BALD B

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Fastighets AB Balder

Executive Summary

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


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.


Similar Companies

Share Price & News

How has Fastighets AB Balder's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BALD B's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.5%

BALD B

6.4%

SE Real Estate

5.1%

SE Market


1 Year Return

29.4%

BALD B

13.3%

SE Real Estate

10.9%

SE Market

Return vs Industry: BALD B exceeded the Swedish Real Estate industry which returned 13.3% over the past year.

Return vs Market: BALD B exceeded the Swedish Market which returned 10.9% over the past year.


Shareholder returns

BALD BIndustryMarket
7 Day3.5%6.4%5.1%
30 Day-2.3%11.8%14.4%
90 Day-8.1%-13.5%5.5%
1 Year29.4%29.4%15.0%13.3%12.5%10.9%
3 Year79.6%79.6%45.5%36.7%17.6%1.7%
5 Year192.9%192.9%119.3%94.3%38.3%11.0%

Price Volatility Vs. Market

How volatile is Fastighets AB Balder's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

8.11x

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 (8.1x) compared to the Real Estate industry average (8.5x).

PE vs Market: BALD B is good value based on its PE Ratio (8.1x) compared to the Swedish market (19.1x).


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 (1.4x) compared to the SE Real Estate industry average (1.1x).


Next Steps

Future Growth

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

-13.2%

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 (-13.2% per year).

Earnings vs Market: BALD B's earnings are forecast to decline over the next 3 years (-13.2% 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 (4.7% per year) is forecast to grow slower than the Swedish market (5.8% per year).

High Growth Revenue: BALD B's revenue (4.7% 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 (7.6%).


Next Steps

Past Performance

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

17.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BALD B has a large one-off gain of SEK9.5B impacting its March 31 2020 financial results.

Growing Profit Margin: BALD B's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: BALD B's earnings have grown by 17.6% per year over the past 5 years.

Accelerating Growth: BALD B's earnings growth over the past year (4.2%) is below its 5-year average (17.6% per year).

Earnings vs Industry: BALD B earnings growth over the past year (4.2%) underperformed the Real Estate industry 11.5%.


Return on Equity

High ROE: BALD B's Return on Equity (18.8%) is considered low.


Next Steps

Financial Health

How is Fastighets AB Balder's financial position?


Financial Position Analysis

Short Term Liabilities: BALD B's short term assets (SEK5.3B) do not cover its short term liabilities (SEK8.3B).

Long Term Liabilities: BALD B's short term assets (SEK5.3B) do not cover its long term liabilities (SEK98.8B).


Debt to Equity History and Analysis

Debt Level: BALD B's debt to equity ratio (146.7%) is considered high.

Reducing Debt: BALD B's debt to equity ratio has reduced from 166.8% to 146.7% over the past 5 years.

Debt Coverage: BALD B's debt is not well covered by operating cash flow (3.4%).

Interest Coverage: BALD B's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Fastighets AB Balder's 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: BALD B is not paying a notable dividend for the Swedish market.


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?

14.4yrs

Average board tenure


CEO

Erik Selin (52yo)

15.42yrs

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 ...


Board Members

NamePositionTenureCompensationOwnership
Erik Selin
CEO & Director15.42yrsno datano data
Fredrik Svensson
Director15.42yrskr100.00kno data
Sten Dunér
Independent Director13.42yrskr100.00kno data
Christina Rogestam
Independent Chairman of the Board14.42yrskr200.00k0.015% SEK10.7m
Anders Wennergren
Independent Director11.42yrskr100.00kno data

14.4yrs

Average Tenure

63yo

Average Age

Experienced Board: BALD B's board of directors are seasoned and experienced ( 14.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: BALD B insiders have sold more shares than they have bought 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 company bio, 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: kr71.658b
  • Shares outstanding: 180.00m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BALD BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKOct 1999
0H2ZLSE (London Stock Exchange)YesClass B SharesGBSEKOct 1999
BALDBsBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBSEKOct 1999

Biography

Fastighets AB Balder (publ) develops, owns, and manages residential and commercial properties, and hotels in Sweden, Denmark, Finland, Norway, the United Kingdom, and Germany. The company’s property portfolio comprises commercial properties, such as office, restaurant, retail, storage, and warehouse properties; residential properties; other properties, including hotel, educational, healthcare, industrial, and mixed-use properties; and parking spaces. As of December 31, 2019, it owned 1,298 investment properties with a lettable area of 4,304,000 square meters. The company was founded in 2005 and is headquartered in Gothenburg, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/07 00:15
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.