Fastighets AB Balder BALD-B.ST
SwedenReal Estate · Real Estate - DiversifiedNasdaq Estocolmo · SEK
62.14 SEK (+37.7%)
7 analysts
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Fastighets AB Balder is a Swedish real estate company that owns, manages, and develops residential and commercial properties, primarily in Sweden, Denmark, Finland, Norway, Germany, and the United Kingdom.
Listed on Nasdaq Estocolmo · Symbol BALD-B.ST · STO: BALD-B · Currency SEK
Key points
from its scores- ✕Little or no dividend0.5
- ✕Poor share-price trend1.9
- ✕Unfavourable risk and backdrop2.6
AI analysis
bottom line, main risk, context and newsHigh-risk profile: avoid until a significant deleveraging or a shift in the interest rate cycle is demonstrated.
Balder presents a highly leveraged balance sheet (Net Debt/EBITDA of 16.13x) and falling earnings (-9.9%), making it especially vulnerable to the ECB's rate hike cycle. Despite trading at a discount to book value (P/B of 0.57), refinancing risk and pressure on asset valuations dominate the company's profile.
Extreme leverage (Net Debt/EBITDA of 16.13x) in a rising interest rate environment, which makes debt refinancing more expensive and could force asset sales at unfavorable prices.
Context and risks
The main risk is extreme leverage (Net Debt/EBITDA of 16.13x), which in a rising interest rate environment makes debt refinancing more expensive and pressures asset valuations. The stock's position in the 1st percentile of its 52-week range reflects market concern about its balance sheet in this monetary tightening cycle.
Is Fastighets AB Balder stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 60% below the Real Estate median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 8.7 | 21.6 | −60% |
| EV / EBITDA | 23.2 | 18.5 | +25% |
| Price / book | 0.6 | 1.4 | −60% |
| Price / sales | 3.8 | 6.3 | −39% |
Sector: median of the 100 Real Estate companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.2 out of 10 (median for Real Estate: 4.9).
Average analyst target: 62.14 SEK, +37.7% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 2.7 (sector 5.5), Growth 4.2 (sector 5.7).
Classic formulas with standard assumptions (1.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Real Estate medianValuation
- P/E
- 8.7
- Forward P/E
- 8.6
- EV / EBITDA
- 23.2
- Price / book
- 0.6
- Price / sales
- 3.8
- PEG
- 1.53
- Market cap
- 53.2B SEK
- Enterprise value
- 216.0B SEK
Profitability
- ROE
- 7.0%
- ROA
- 2.1%
- ROIC (approx.)
- 3.7%
- Gross margin
- 66.3%
- Operating margin
- 66.3%
- Net margin
- 50.2%
- Free cash flow
- 3.1B SEK
- FCF yield
- 5.9%
- Cash conversion
- 34%
Solvency
- Total debt
- 155.5B SEK
- Net debt
- 150.1B SEK
- Cash
- 5.4B SEK
- EBITDA
- 9.3B SEK
- Net debt / EBITDA
- 16.13
- Debt / equity
- 148.01
- Current ratio
- 0.22
- Quick ratio
- 0.21
Growth
- Revenue growth
- +4.8%
- Earnings growth
- −9.9%
- EPS (TTM)
- 5.18 SEK
- EPS (forward)
- 5.23 SEK
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.78
- Analyst consensus
- Buy (7)
- Target price
- 62.14 SEK
- 52-week range
- 44.80 – 75.20
Recent news
All BALD-B.ST news →Compare it with its sector
All 100 in Real Estate →Frequently asked questions about Fastighets AB Balder
Is Fastighets AB Balder stock cheap or expensive?
On P/E and Price / book, it trades 60% below the Real Estate median on average. Valuation score: 6.2 out of 10 (median for Real Estate: 4.9). Average analyst target: 62.14 SEK, +37.7% versus the price. This is not investment advice.
What score does Fastighets AB Balder get on MeridIAn Screener?
It scores 3.1 out of 10, rank 2,074 of 2,130 (better than 2% of the companies analysed). Its strongest category is Valuation (6.2) and its weakest, Dividend (0.5). Analysis of 08/10/2026.
What is Fastighets AB Balder's P/E ratio?
Its P/E is 8.7: the share price equals 8.7 times earnings per share over the last 12 months. The Real Estate median is 21.6. Based on the earnings analysts expect, the forward P/E is 8.6.
How much is Fastighets AB Balder worth on the stock market?
Its market capitalisation is 53.2B SEK.
Does Fastighets AB Balder pay a dividend?
It pays no dividend, or almost none.
How has Fastighets AB Balder stock performed over the last year?
It has fallen 32.6% over the last year, excluding dividends. Over the last 52 weeks it has traded between 44.80 and 75.20 SEK. Past performance does not guarantee future results.
What do analysts think of Fastighets AB Balder?
7 analysts cover it; their average recommendation is “Buy” and their average target is 62.14 SEK (+37.7% versus the price). It is an estimate, not market data.