Valuation Balder

Stocks

Market Closed - Nasdaq Stockholm 01:00:00 2026-10-28 pm EDT			5-day change	1st Jan Change
47.83 ^SEK	-0.48%		+3.71%	-29.87%

Oct. 27	Kepler Cheuvreux lowers price target for Balder to SEK57 (61), reiterates buy	FW
Oct. 26	Länsförsäkringar Fastighetsfond fell 7.88 percent in September, rising long-term rates pressured sector	FW

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	121,561	55,992	82,534	91,392	81,158	55,605	-	-
Change	-	-53.94%	47.4%	10.73%	-11.2%	-31.48%	-	-
Enterprise Value (EV) ¹	236,463	182,220	209,336	223,800	213,956	198,063	197,195	195,660
Change	-	-22.94%	14.88%	6.91%	-4.4%	-7.43%	-0.44%	-0.78%
P/E	6.57x	5.34x	-12.2x	27.2x	11.6x	10.2x	9.92x	9.43x
PBR	1.57x	0.62x	1x	1.03x	0.86x	0.58x	0.55x	0.52x
PEG	-	-0.1x	0x	-0x	0x	-0.5x	3.28x	1.8x
Capitalization / Revenue	13.6x	5.32x	6.91x	7.1x	5.91x	3.88x	3.7x	3.6x
EV / Revenue	26.4x	17.3x	17.5x	17.4x	15.6x	13.8x	13.1x	12.7x
EV / EBITDA	39.9x	26.9x	24.3x	26.2x	23.4x	20.1x	18.8x	18x
EV / EBIT	36.5x	27x	24.3x	26.6x	23.6x	19x	17.6x	17x
EV / FCF	-8.34x	-23.2x	-155x	117x	150x	264x	230x	183x
FCF Yield	-12%	-4.32%	-0.65%	0.85%	0.67%	0.38%	0.44%	0.55%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	16.54	9.09	-5.85	2.82	5.86	4.701	4.843	5.096
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	8,956	10,521	11,944	12,876	13,721	14,344	15,010	15,445
EBITDA ¹	5,927	6,777	8,624	8,533	9,154	9,874	10,493	10,852
EBIT ¹	6,480	6,760	8,608	8,425	9,063	10,417	11,211	11,506
Net income ¹	18,508	10,175	-6,746	3,304	7,621	5,495	5,181	5,284
Net Debt ¹	114,902	126,228	126,802	132,408	132,798	142,458	141,590	140,054
Reference price ²	108.63	48.52	71.52	76.80	68.20	48.06	48.06	48.06
Nbr of stocks (in thousands)	1,119,000	1,154,000	1,154,000	1,190,000	1,190,000	1,157,000	-	-
Announcement Date	2/11/22	2/10/23	2/9/24	2/7/25	2/6/26	-	-	-

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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
BALDER	10.22x	13.81x	20.06x	-.--%	5.6B
VINGROUP	64.94x	-	-	-	69.72B
SUN HUNG KAI PROPERTIES LIMITED	12.56x	4.4x	11.29x	3.83%	39.78B
MITSUBISHI ESTATE CO., LTD.	18.68x	4.05x	16.29x	1.31%	28.81B
MITSUI FUDOSAN CO., LTD.	14.58x	3.16x	15.14x	2.4%	26.9B
CHINA RESOURCES LAND LIMITED	8.07x	1.47x	8.25x	4.39%	26.87B
EMAAR PROPERTIES	5.7x	0.76x	1.57x	8.68%	27.72B
VINHOMES	8.52x	3.02x	7.05x	-.--%	20.19B
CK ASSET HOLDINGS LIMITED	10.26x	2.01x	7.76x	4.09%	20.62B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	13.34x	6.46x	16.98x	1.63%	19.11B
Average	16.69x	4.35x	11.60x	2.93%	28.53B
Weighted average by Cap.	24.63x	3.43x	10.81x	3.38%