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Fastighets AB Balder (publ) (BALD-B.ST)
SEK52.00
-0.06 (-0.12%)
SE STO Real Estate Real Estate - Diversified
Address
Parkgatan 49 400 15
Gothenburg, SE
Gothenburg, SE
CEO
Erik Selin
Website
balder.se
IPO
2000-01-03
ISIN SE0017832488
Also trades on
Other OTC · BALDF (USD)
Stockholm Stock Exchange · BALD-B.ST (SEK)
Description
Fastighets AB Balder (publ) focuses on the acquisition, development, and administration of both residential and commercial real estate. Its operations span several European countries, including Sweden, Denmark, Finland, Norway, Germany, and the United Kingdom. The company's extensive real estate holdings encompass a diverse range of categories, such as residential apartments, various commercial premises including offices, co-working facilities, retail establishments, and dining venues, alongside industrial properties, storage units, warehouses, and vehicle parking solutions. As of December 31, 2021, the firm owned 1,678 revenue-generating properties, collectively offering a rentable floor space of 5.509 million square meters. Established in 1995, its principal operations are directed from its headquarters in Gothenburg, Sweden.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
SEK52.00
-0.06 (-0.12%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
1.79
Float Shares
698.01M
Free Float %
58.9%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.37% | -2.86% | -7.71% | -17.53% | -19.37% | -19.41% | -18.27% | +38.94% | -34.65% | +59.08% | -80.17% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
52.00
DCF (Unlevered)
34.39
-33.9%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
67% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 4 | 0 |
| Hold | 2 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
0.48
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Real Estate - Diversified: +7.3%+6.6% Q1'26: +1.3% (vs Q1'25)
-
EPS growth Real Estate - Diversified: +24.5%+113.8% ★ Q1'26: +14.0% (vs Q1'25)
-
FCF margin FCF growth · Real Estate - Diversified: +20.5%+51.4% Q1'26: +3.2% (vs Q1'25)
-
EBIT margin Real Estate - Diversified: +35.8%+100.7% ★ Q1'26: +105.3% (vs Q1'25)
-
ROIC Real Estate - Diversified: +3.0%+4.7% ★ Q1'26: +4.9% (vs Q1'25)
-
Share dilution Real Estate - Diversified: +0.0%+7.9% Q1'26: -0.5% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Real Estate - Diversified: 3.57×10.63× Q1'26: 10.37× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 4 Rev. Ana. 3 EPS Ana. |
Dec 2027 6 Rev. Ana. 4 EPS Ana. |
Dec 2028 5 Rev. Ana. 3 EPS Ana. |
Dec 2029 2 Rev. Ana. 1 EPS Ana. |
Dec 2030 2 Rev. Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
2.71B
est: 2.71B (+0.2%)
|
5.37B
est: 5.37B (+0.1%)
|
5.92B
est: 5.84B (+1.2%)
|
6.71B
est: 6.64B (+1.2%)
|
7.61B
est: 7.57B (+0.5%)
|
8.13B
est: 8.14B (-0.1%)
|
8.96B
est: 8.85B (+1.2%)
|
10.52B
est: 10.41B (+1.1%)
|
11.94B
est: 12.49B (-4.4%)
|
12.88B
est: 12.84B (+0.3%)
|
13.72B
est: 13.76B (-0.3%)
|
14.14B
14.10B – 14.19B
+2.8% YoY
|
14.61B
14.04B – 14.99B
+3.3% YoY
|
15.08B
14.99B – 15.17B
+3.2% YoY
|
17.24B
16.87B – 17.49B
+14.3% YoY
|
19.13B
18.73B – 19.42B
+11.0% YoY
|
| EBITDA |
6.38B
est: 1.86B (+243.6%)
|
8.69B
est: 3.68B (+136.2%)
|
10.18B
est: 4.01B (+154.1%)
|
13.23B
est: 4.55B (+190.7%)
|
15.76B
est: 5.19B (+203.5%)
|
10.64B
est: 5.58B (+90.6%)
|
24.65B
est: 6.07B (+306.3%)
|
15.37B
est: 7.14B (+115.3%)
|
-4.31B
est: 8.56B (-150.4%)
|
10.17B
est: 8.80B (+15.5%)
|
13.91B
est: 9.43B (+47.5%)
|
9.69B
9.67B – 9.73B
+2.8% YoY
|
10.02B
9.63B – 10.28B
+3.3% YoY
|
10.34B
10.28B – 10.40B
+3.2% YoY
|
11.82B
11.57B – 12.00B
+14.3% YoY
|
13.12B
12.84B – 13.32B
+11.0% YoY
|
| EBIT |
6.36B
est: 1.85B (+244.1%)
|
8.66B
est: 3.66B (+136.4%)
|
10.17B
est: 3.99B (+154.7%)
|
13.21B
est: 4.53B (+191.4%)
|
15.71B
est: 5.17B (+203.8%)
|
10.59B
est: 5.56B (+90.6%)
|
24.60B
est: 6.04B (+307.2%)
|
15.32B
est: 7.11B (+115.4%)
|
-4.38B
est: 8.53B (-151.4%)
|
10.07B
est: 8.77B (+14.9%)
|
13.82B
est: 9.40B (+47.1%)
|
9.66B
9.63B – 9.69B
+2.8% YoY
|
9.98B
9.59B – 10.24B
+3.3% YoY
|
10.30B
10.24B – 10.36B
+3.2% YoY
|
11.77B
11.52B – 11.95B
+14.3% YoY
|
13.07B
12.79B – 13.26B
+11.0% YoY
|
| Net Income |
4.92B
est: 1.76B (+180.0%)
|
5.47B
est: 1.87B (+192.5%)
|
7.12B
est: 2.54B (+180.0%)
|
9.31B
est: 3.05B (+205.2%)
|
8.96B
est: 3.95B (+126.9%)
|
6.64B
est: 4.14B (+60.5%)
|
18.51B
est: 4.80B (+285.3%)
|
10.18B
est: 5.30B (+92.0%)
|
-6.75B
est: -6.13B (-10.0%)
|
3.30B
est: 5.54B (-40.3%)
|
7.62B
est: 5.69B (+34.0%)
|
5.34B
5.02B – 5.61B
-6.2% YoY
|
5.54B
5.05B – 6.04B
+3.9% YoY
|
6.01B
5.72B – 6.30B
+8.4% YoY
|
5.98B
5.81B – 6.09B
-0.6% YoY
|
—
— – —
-100.0% YoY
|
| SGA |
185.00M
est: 241.10M (-23.3%)
|
488.00M
est: 478.02M (+2.1%)
|
543.00M
est: 520.69M (+4.3%)
|
592.00M
est: 591.32M (+0.1%)
|
664.00M
est: 674.66M (-1.6%)
|
676.00M
est: 725.14M (-6.8%)
|
817.00M
est: 788.20M (+3.7%)
|
1.02B
est: 927.50M (+9.9%)
|
1.08B
est: 1.12B (-3.3%)
|
1.08B
est: 1.15B (-5.9%)
|
1.16B
est: 1.23B (-5.7%)
|
1.26B
1.26B – 1.27B
+2.8% YoY
|
1.31B
1.25B – 1.34B
+3.3% YoY
|
1.35B
1.34B – 1.36B
+3.2% YoY
|
1.54B
1.51B – 1.56B
+14.3% YoY
|
1.71B
1.67B – 1.74B
+11.0% YoY
|
| EPS |
4.84
est: 1.50 (+222.9%)
|
5.10
est: 1.60 (+219.2%)
|
6.45
est: 2.17 (+197.2%)
|
8.62
est: 2.60 (+231.0%)
|
8.29
est: 3.37 (+145.9%)
|
6.15
est: 3.53 (+74.1%)
|
16.54
est: 4.10 (+303.3%)
|
9.09
est: 4.52 (+101.1%)
|
-5.14
est: -4.87 (-5.5%)
|
2.82
est: 4.40 (-35.8%)
|
6.41
est: 4.52 (+41.9%)
|
4.26
3.97 – 4.43
-5.7% YoY
|
4.45
4.00 – 4.77
+4.5% YoY
|
4.73
4.53 – 4.98
+6.1% YoY
|
4.73
4.60 – 4.82
+0.0% YoY
|
—
— – —
-100.0% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-08 | B | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-07 | B | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-06 | B | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-05 | B | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 4/5 |
| 2026-05-04 | B | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-30 | B | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-29 | B | 3/5 | 1/5 | 3/5 | 4/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-28 | B | 3/5 | 1/5 | 3/5 | 4/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-27 | B | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-24 | B | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-23 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-22 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-21 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-20 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-17 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 4/5 |
| 2026-04-16 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 4/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
4.09B
OE per share TTM
3.23
Owner's Yield
6.24%
Maintenance CapEx ratio
0.17%
Maint CapEx / Avg PPE
21.3%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 198 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | State Street SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (Acc) ZPRP.DE | 2.35% | 3.50M | 0.30% |
| 2 | Xtrackers FTSE Developed Europe ex UK Real Estate UCITS ETF 1C XREA.DE | 2.26% | 497.0K | 0.33% |
| 3 | iShares STOXX Europe 600 Real Estate UCITS ETF (DE) EXI5.DE | 2.26% | 1.70M | 0.46% |
| 4 | Xtrackers FTSE Developed Europe Real Estate UCITS ETF 1C XDER.L | 1.59% | 12.61M | 0.33% |
| 5 | iShares International Developed Real Estate ETF IFGL | 0.55% | 442.2K | 0.48% |
| 6 | iShares MSCI Sweden ETF EWD | 0.52% | 2.64M | 0.51% |
| 7 | iShares STOXX Europe Small 200 UCITS ETF (DE) EXSE.DE | 0.51% | 3.52M | 0.20% |
| 8 | iShares MSCI Europe Mid-Cap Equal Weight UCITS ETF IEFS.L | 0.45% | 171.6K | 0.25% |
| 9 | iShares OMX Stockholm Capped UCITS ETF OM3X.DE | 0.43% | 920.4K | 0.10% |
| 10 | Xtrackers International Real Estate ETF HAUZ | 0.40% | 4.16M | 0.10% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
12.76M
Shares Outstanding
1.19B
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Erik Selin | Executive Chairman | 1M | male |
| Ewa Wassberg | Chief Financial Officer | — | female |
| Jonas Filip Erikson | Investor Relations Executive | — | male |
| Matts Bergsten | Accounting Manager | — | male |
| Petra Sprangers | Head of Personnel & Administration | — | female |
| Sharam Rahi | Chief Executive Officer | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for BALD-B.ST
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
