Valuation Balder

Stocks

Market Closed - Nasdaq Stockholm 09:30:00 25/08/2026 pm IST			5-day change	1st Jan Change
53.34 ^SEK	0.00%		+0.64%	-21.79%

24/08	Länsförsäkringar Fastighetsfond rose 2.14 percent in July, added Lumo to the portfolio	FW
19/08	Carnegie Nordic Real Estate Fund rose 2.14 percent in July, invested in JM after sharp share-price drop	FW

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	1,21,561	55,992	82,534	91,392	81,158	62,421	-	-
Change	-	-53.94%	47.4%	10.73%	-11.2%	-23.09%	-	-
Enterprise Value (EV) ¹	2,36,463	1,82,220	2,09,336	2,23,800	2,13,956	2,02,319	2,02,770	2,00,967
Change	-	-22.94%	14.88%	6.91%	-4.4%	-5.44%	0.22%	-0.89%
P/E	6.57x	5.34x	-12.2x	27.2x	11.6x	11x	9.36x	8.91x
PBR	1.57x	0.62x	1x	1.03x	0.86x	0.63x	0.6x	0.56x
PEG	-	-0.1x	0x	-0x	0x	-0.6x	0.5x	1.77x
Capitalization / Revenue	13.6x	5.32x	6.91x	7.1x	5.91x	4.36x	4.21x	4.09x
EV / Revenue	26.4x	17.3x	17.5x	17.4x	15.6x	14.1x	13.7x	13.2x
EV / EBITDA	39.9x	26.9x	24.3x	26.2x	23.4x	20.6x	19.9x	19.1x
EV / EBIT	36.5x	27x	24.3x	26.6x	23.6x	18.9x	18.3x	17.6x
EV / FCF	-8.34x	-23.2x	-155x	117x	150x	75.7x	73.5x	71.1x
FCF Yield	-12%	-4.32%	-0.65%	0.85%	0.67%	1.32%	1.36%	1.41%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	16.54	9.09	-5.85	2.82	5.86	4.86	5.701	5.988
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	8,956	10,521	11,944	12,876	13,721	14,307	14,835	15,264
EBITDA ¹	5,927	6,777	8,624	8,533	9,154	9,800	10,201	10,533
EBIT ¹	6,480	6,760	8,608	8,425	9,063	10,682	11,098	11,401
Net income ¹	18,508	10,175	-6,746	3,304	7,621	5,623	5,624	5,779
Net Debt ¹	1,14,902	1,26,228	1,26,802	1,32,408	1,32,798	1,39,898	1,40,348	1,38,546
Reference price ²	108.63	48.52	71.52	76.80	68.20	53.34	53.34	53.34
Nbr of stocks (in thousands)	11,19,000	11,54,000	11,54,000	11,90,000	11,90,000	11,70,250	-	-
Announcement Date	11/02/22	10/02/23	09/02/24	07/02/25	06/02/26	-	-	-

¹SEK in Million²SEK

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
BALDER	10.97x	14.14x	20.64x	-.--%	659.07Cr
SUN HUNG KAI PROPERTIES LIMITED	16.22x	5.11x	13.73x	3.12%	4.62TCr
CHINA RESOURCES LAND LIMITED	9.02x	1.53x	8.01x	3.94%	3.12TCr
MITSUBISHI ESTATE CO., LTD.	18.23x	4.03x	16.29x	1.34%	2.8TCr
EMAAR PROPERTIES	5.46x	0.65x	1.37x	9.16%	2.63TCr
MITSUI FUDOSAN CO., LTD.	14x	3.11x	14.84x	2.5%	2.56TCr
CK ASSET HOLDINGS LIMITED	11.05x	2.1x	9.82x	4.02%	2.09TCr
ALPHA DHABI HOLDING	8.07x	0.89x	3.26x	2.77%	2.07TCr
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	13.62x	6.57x	17.5x	1.57%	1.97TCr
CHINA OVERSEAS LAND & INVESTMENT LIMITED	10.56x	1.67x	14.49x	3.58%	1.93TCr
Average	11.72x	3.98x	12.00x	3.2%	2.44TCr
Weighted average by Cap.	12.21x	3.32x	11.41x	3.48%