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WALL

WallenstamOM:WALL B Stock Report

Market Cap

kr53.8b

7D

-2.9%

1Y

27.3%

Updated

26 Nov, 2021

Data

Company Financials +
WALL B fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends3/6

WALL B Stock Overview

Wallenstam AB (publ) develops, builds, sells, and manages residential and commercial properties for people and businesses in Gothenburg and Stockholm, Sweden.

Wallenstam Competitors

Fastighets AB Balder

OM:BALD B

kr128.5b

AB Sagax

OM:SAGA A

kr119.2b

Samhällsbyggnadsbolaget i Norden

OM:SBB B

kr99.6b

Castellum

OM:CAST

kr68.0b

Price History & Performance

Summary of all time highs, changes and price drops for Wallenstam
Historical stock prices
Current Share Pricekr162.90
52 Week Highkr168.60
52 Week Lowkr115.30
Beta0.36
1 Month Change6.19%
3 Month Change10.44%
1 Year Change27.27%
3 Year Change96.03%
5 Year Change144.60%
Change since IPO25,621.07%

Recent News & Updates

Shareholder Returns

WALL BSE Real EstateSE Market
7D-2.9%-3.5%-5.2%
1Y27.3%34.4%27.1%

Return vs Industry: WALL B underperformed the Swedish Real Estate industry which returned 50.6% over the past year.

Return vs Market: WALL B underperformed the Swedish Market which returned 33.1% over the past year.

Price Volatility

Is WALL B's price volatile compared to industry and market?
WALL B volatility
WALL B Average Weekly Movement3.5%
Real Estate Industry Average Movement4.4%
Market Average Movement6.4%
10% most volatile stocks in SE Market12.0%
10% least volatile stocks in SE Market3.7%

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

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

About the Company

FoundedEmployeesCEOWebsite
1944270Hans Wallenstamhttps://www.wallenstam.se

Wallenstam AB (publ) develops, builds, sells, and manages residential and commercial properties for people and businesses in Gothenburg and Stockholm, Sweden. Its property portfolio comprises approximately 230 properties, including 10,000 apartments and 1,000 commercial tenants. The company also owns and operates 66 wind turbines with a total combined installed output of 143 megawatts; and engages in solar cells modules business.

Wallenstam Fundamentals Summary

How do Wallenstam's earnings and revenue compare to its market cap?
WALL B fundamental statistics
Market Capkr53.76b
Earnings (TTM)kr3.58b
Revenue (TTM)kr2.77b

15.0x

P/E Ratio

19.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WALL B income statement (TTM)
Revenuekr2.77b
Cost of Revenuekr1.16b
Gross Profitkr1.61b
Expenses-kr1.98b
Earningskr3.58b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 08, 2022

Earnings per share (EPS)10.86
Gross Margin58.02%
Net Profit Margin129.48%
Debt/Equity Ratio95.1%

How did WALL B perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

11%

Payout Ratio

Valuation

Is Wallenstam undervalued compared to its fair value and its price relative to the market?

15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WALL B (SEK162.9) is trading above our estimate of fair value (SEK27.16)

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


Price To Earnings Ratio

PE vs Industry: WALL B is poor value based on its PE Ratio (15x) compared to the Swedish Real Estate industry average (11x).

PE vs Market: WALL B is good value based on its PE Ratio (15x) compared to the Swedish market (24.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: WALL B is overvalued based on its PB Ratio (1.9x) compared to the SE Real Estate industry average (1.5x).


Future Growth

How is Wallenstam forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-24.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WALL B's earnings are forecast to decline over the next 3 years (-24.1% per year).

Earnings vs Market: WALL B's earnings are forecast to decline over the next 3 years (-24.1% per year).

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

Revenue vs Market: WALL B's revenue (4.8% per year) is forecast to grow slower than the Swedish market (5.3% per year).

High Growth Revenue: WALL B's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WALL B's Return on Equity is forecast to be low in 3 years time (7%).


Past Performance

How has Wallenstam performed over the past 5 years?

-2.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WALL B has a large one-off gain of SEK2.2B impacting its September 30 2021 financial results.

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


Past Earnings Growth Analysis

Earnings Trend: WALL B's earnings have declined by 2% per year over the past 5 years.

Accelerating Growth: WALL B's earnings growth over the past year (34.1%) exceeds its 5-year average (-2% per year).

Earnings vs Industry: WALL B earnings growth over the past year (34.1%) underperformed the Real Estate industry 95.8%.


Return on Equity

High ROE: WALL B's Return on Equity (12.4%) is considered low.


Financial Health

How is Wallenstam's financial position?


Financial Position Analysis

Short Term Liabilities: WALL B's short term assets (SEK718.0M) do not cover its short term liabilities (SEK21.1B).

Long Term Liabilities: WALL B's short term assets (SEK718.0M) do not cover its long term liabilities (SEK13.5B).


Debt to Equity History and Analysis

Debt Level: WALL B's net debt to equity ratio (93.7%) is considered high.

Reducing Debt: WALL B's debt to equity ratio has reduced from 99.9% to 95.1% over the past 5 years.

Debt Coverage: WALL B's debt is not well covered by operating cash flow (3.2%).

Interest Coverage: WALL B's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet


Dividend

What is Wallenstam current dividend yield, its reliability and sustainability?

0.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WALL B's dividend (0.74%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (0.92%).

High Dividend: WALL B's dividend (0.74%) is low compared to the top 25% of dividend payers in the Swedish market (3.58%).


Stability and Growth of Payments

Stable Dividend: WALL B's dividend payments have been volatile in the past 10 years.

Growing Dividend: WALL B's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (10.9%), WALL B's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WALL B's dividends in 3 years are forecast to be well covered by earnings (45.9% payout ratio).


Next Steps

Management

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

3.2yrs

Average management tenure


CEO

Hans Wallenstam (60 yo)

no data

Tenure

Mr. Hans Wallenstam serves as Chief Executive Officer of Wallenstam AB (publ). He holds Bachelor of Science (Economics). His previous executive positions: Finance Director, CEO Wallenstam i Göteborg AB.Hi...


Leadership Team

Experienced Management: WALL B's management team is considered experienced (3.2 years average tenure).


Board Members

Experienced Board: WALL B's board of directors are considered experienced (6.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: WALL B insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.


Top Shareholders

Company Information

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


Key Information

  • Name: Wallenstam AB (publ)
  • Ticker: WALL B
  • Exchange: OM
  • Founded: 1944
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: kr53.757b
  • Shares outstanding: 330.00m
  • Website: https://www.wallenstam.se

Number of Employees


Location

  • Wallenstam AB (publ)
  • Kungsportsavenyen 2
  • Gothenburg
  • Västra Götaland County
  • 401 84
  • 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 21:22
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.