Fastighets AB Balder (publ)
Research Fastighets AB Balder (publ) (BALD-B) on Bullrun: valuation model: 71.9% undervalued, market cap SEK 56.37B, P/E 9.3. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerBALD-B
- ExchangeST
- CountrySweden
- SectorReal Estate
- IndustryReal Estate - Diversified
- CurrencySEK
- Valuation signal71.9% undervalued
- Market capSEK 56.37B
- P/E9.3
- Financial periodQ2 2026
- RevenueSEK 3.57B
- Net incomeSEK 730.00M
- Gross margin75.5%
Valuation Snapshot
Bullrun's latest valuation model marks Fastighets AB Balder (publ) as 71.9% undervalued; latest market cap is SEK 56.37B; P/E is 9.3.
Peer valuation comparison
Latest P/E is 9.3x versus a Real Estate sector median of 14.08x (34.0% below).
Latest P/E is 9.3x versus a Sweden median of 18.18x (48.9% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | SEK 13.72B | SEK 7.62B | n/a | 75.2% | n/a | SEK 5.72B | SEK 145.60B | SEK 93.85B |
| FY2024 | SEK 12.88B | SEK 3.64B | n/a | 74.7% | 2.82 | SEK 3.38B | SEK 138.85B | SEK 88.42B |
| FY2023 | SEK 11.94B | -SEK 7.70B | n/a | 74.6% | -5.85 | SEK 2.40B | SEK 134.47B | SEK 82.31B |
| FY2022 | SEK 10.52B | SEK 10.99B | n/a | 74.1% | 9.09 | SEK 3.98B | SEK 135.25B | SEK 102.91B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-09-30 | SEK 56.37B | 9.3 | n/a | 0 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0 SEK.
About Fastighets AB Balder (publ)
Fastighets AB Balder (publ) owns, manages, and develops properties in Sweden, Denmark, Finland, Norway, Germany, and the United Kingdom. Its property portfolio comprises offices, shops, warehouses, restaurants, schools, and others, as well as hotel properties. The company was incorporated in 1995 and is headquartered in Gothenburg, Sweden.
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Frequently asked questions
Is Fastighets AB Balder (publ) overvalued or undervalued?
Bullrun's valuation model currently marks Fastighets AB Balder (publ) as 71.9% undervalued.
What is Fastighets AB Balder (publ)'s market cap?
Fastighets AB Balder (publ)'s market capitalization is SEK 56.37B.
What is Fastighets AB Balder (publ)'s P/E ratio?
Fastighets AB Balder (publ)'s price-to-earnings (P/E) ratio is 9.3.
What does Fastighets AB Balder (publ) do?
Fastighets AB Balder (publ) owns, manages, and develops properties in Sweden, Denmark, Finland, Norway, Germany, and the United Kingdom. Its property portfolio comprises offices, shops, warehouses, restaurants, schools, and others, as well as hotel properties. The company was incorporated in 1995 and is headquartered in Gothenburg, Sweden.