Wallenstam AB (publ) develops, builds, buys, sells, and manages residential and commercial properties for people and businesses in Gothenburg, Stockholm, and Helsingborg, Sweden.
Average dividend payer with imperfect balance sheet.
Share Price & News
How has Wallenstam's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WALL B has not had significant price volatility in the past 3 months.
7 Day Return
SE Real Estate
1 Year Return
SE Real Estate
Return vs Industry: WALL B underperformed the Swedish Real Estate industry which returned 57.8% over the past year.
Return vs Market: WALL B exceeded the Swedish Market which returned 15.2% over the past year.
Price Volatility Vs. Market
How volatile is Wallenstam's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StWe Think Wallenstam (STO:WALL B) Is Taking Some Risk With Its Debt
2 months ago | Simply Wall StWant To Invest In Wallenstam AB (publ) (STO:WALL B)? Here's How It Performed Lately
3 months ago | Simply Wall StWallenstam AB (publ) (STO:WALL B) Delivered A Weaker ROE Than Its Industry
Is Wallenstam undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WALL B (SEK129) is trading above our estimate of fair value (SEK29.03)
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 (15.2x) compared to the Real Estate industry average (10.9x).
PE vs Market: WALL B is good value based on its PE Ratio (15.2x) compared to the Swedish market (19.1x).
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 (1.8x) compared to the SE Real Estate industry average (1.4x).
How is Wallenstam forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
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 (-20.3% per year).
Earnings vs Market: WALL B's earnings are forecast to decline over the next 3 years (-20.3% 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 (1.5% per year) is forecast to grow slower than the Swedish market (4.6% per year).
High Growth Revenue: WALL B's revenue (1.5% 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 (6.4%).
How has Wallenstam performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WALL B has a large one-off gain of SEK2.6B impacting its December 31 2019 financial results.
Growing Profit Margin: WALL B's current net profit margins are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: WALL B's earnings have grown by 8% per year over the past 5 years.
Accelerating Growth: WALL B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WALL B had negative earnings growth (-8.7%) over the past year, making it difficult to compare to the Real Estate industry average (5.5%).
Return on Equity
High ROE: WALL B's Return on Equity (11.5%) is considered low.
Return on Assets
Return on Capital Employed
How is Wallenstam's financial position?
Financial Position Analysis
Short Term Liabilities: WALL B's short term assets (SEK467.0M) do not cover its short term liabilities (SEK20.7B).
Long Term Liabilities: WALL B's short term assets (SEK467.0M) do not cover its long term liabilities (SEK10.2B).
Debt to Equity History and Analysis
Debt Level: WALL B's debt to equity ratio (101.9%) is considered high.
Reducing Debt: WALL B's debt to equity ratio has reduced from 125% to 101.9% over the past 5 years.
Debt Coverage: WALL B's debt is not well covered by operating cash flow (5.6%).
Interest Coverage: WALL B's interest payments on its debt are well covered by EBIT (6.2x coverage).
Inventory Level: WALL B has a high level of physical assets or inventory.
Debt Coverage by Assets: WALL B's debt is not covered by short term assets (assets are 0x debt).
What is Wallenstam's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Wallenstam before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: WALL B's dividend (1.47%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.67%).
High Dividend: WALL B's dividend (1.47%) is low compared to the top 25% of dividend payers in the Swedish market (4.36%).
Stability and Growth of Payments
Stable Dividend: WALL B's dividends per share have been stable 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 (22.4%), WALL B's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WALL B's dividends in 3 years are forecast to be covered by earnings (71.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hans Wallenstam (58yo)
Hans Wallenstam serves as Chief Executive Officer of Wallenstam AB. Education: Bachelor of Science (Economics). Previous executive positions: - Finance Director, CEO Wallenstam i Göteborg AB. Ext ...
|Chief Executive Officer||0yrs||no data||1.77% SEK736.4m|
|CFO, Head of Investor Relations & Finance Director||0yrs||no data||0.041% SEK17.0m|
|Technical Director||1.4yrs||no data||no data|
|Director of Communication||2.8yrs||no data||0.0040% SEK1.7m|
|Vice CEO and Regional Director of Stockholm & Uppsala||0yrs||no data||0.084% SEK35.0m|
|Vice CEO & Regional Director of Gothenburg Business Area||0.3yrs||no data||0.011% SEK4.7m|
|Senior Advisor||1.4yrs||no data||no data|
Experienced Management: WALL B's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
|Independent Director||3.8yrs||kr155.00k||0.00046% SEK191.8k|
|Chairman of the Board||0.4yrs||kr255.00k||0.093% SEK38.9m|
Experienced Board: WALL B's board of directors are considered experienced (7 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Wallenstam AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Wallenstam AB (publ)
- Ticker: WALL B
- Exchange: OM
- Founded: 1944
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: kr41.699b
- Shares outstanding: 323.00m
- Website: https://www.wallenstam.se
Number of Employees
- Wallenstam AB (publ)
- Kungsportsavenyen 2
- Västra Götaland County
- 401 84
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WALL B||OM (OMX Nordic Exchange Stockholm)||Yes||Class B Shares||SE||SEK||Mar 1993|
|WAEC||BST (Boerse-Stuttgart)||Yes||Class B Shares||DE||EUR||Mar 1993|
|0R7Y||LSE (London Stock Exchange)||Yes||Class B Shares||GB||SEK||Mar 1993|
|WALLBS||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class B Shares||GB||SEK||Mar 1993|
|WAEC||DB (Deutsche Boerse AG)||Yes||Class B Shares||DE||EUR||Mar 1993|
Wallenstam AB (publ) develops, builds, buys, sells, and manages residential and commercial properties for people and businesses in Gothenburg, Stockholm, and Helsingborg, Sweden. Its property portfolio comprises approximately 200 properties, including 9,000 apartments and 1,000 commercial tenants primarily in Stockholm and Gothenburg. The company also generates and supplies wind power with a total combined installed output of 143 megawatts. Wallenstam AB (publ) was founded in 1944 and is headquartered in Gothenburg, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 20:43|
|End of Day Share Price||2020/02/26 00:00|
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.