Fastighets AB Balder (publ) stock
BALD-B.STSTOReal EstateISIN SE0017832488
55Score 55 out of 100, Neutral
Price and trend
57 / 100
Price history
−22% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 2.8% below it.
Since January 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 69).
The price is 26% below its 52-week high. Largest decline in 20 years: 72% (April 2007 to November 2008).
Chart figures for advanced users
- SMA 50$4.91
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$5.47
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)69
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$4.38
- The lowest closing price of the last twelve months.
- Resistance$7.16
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Fastighets AB Balder (publ) belongs to the Real Estate (Development) industry (Sweden) and, with a market value of $6.15B, is number 25 of 84 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $1.38B (up 6.6% year on year) and earnings of $767.34M (up 130.7%).
- For fiscal 2026, analysts expect on average revenue of $1.44B (up 4.6%) and adjusted earnings per share of $0.44 (down 23.3%).
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- MEQIRI Score 55 out of 100 (Neutral): rank 157 of 327 in Real Estate, median 55.
- The P/E is 10.6 (Real Estate (Development) median 11.4, own median of recent years 6.6).
- Our model puts fair value at $4.46, with the price 20% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
None of our strength checks applies.
Weaknesses
- DilutionShare count up 10% since 2020.Capital allocation 33
- Interest barely coveredOperating profit covers interest only 3 times.Stability 63
The score is held back by growth and capital allocation.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
Valuation
Valuation signal
Modestly overvaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $3.43 and expensive above $6.37 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $3.19 (cash-flow model) and $5.73 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 10.1%. At 11.1% the fair value would be $4.29, at 9.1% it would be $4.67.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (11.4).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 3.9% on the twelve months before. Revenue has grown strongly since 2006, at around 19% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 74%, operating 67%, net 56%. Last 12 months: net 44%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 12 Feb 2027in 92 days
- Last reported
- 23 Oct 2026EPS reported $0.13 (expected $0.13)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $0.44−2.9%
- Revenue
- $1.44B+0.4%
- Earnings per share
- $0.46−0.5%
- Revenue
- $1.51B+1.0%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +3.1%Balder confirms its BBB rating with a stable outlook and expects net debt to EBITDA to gradually improve as EBITDA grows, not through an absolute reduction in debt. Balder does not give a specific forecast for revenue, profit or growth.
“We expect net debt to EBITDA to gradually come down, I would not expect net debt to decrease in absolute amounts, but rather EBITDA being the factor that will improve this metric.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 23 Oct 2026 (fiscal Q3 2026), read by AI.
What happened at Fastighets AB Balder (publ)
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
327 rated companies in Real Estate
- This company
- 55
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Real Estate (Development)
The next larger and next smaller companies by market value
- CPI Property GroupO5G.DE $6.8B41
- Oberoi RealtyOBEROIRLTY.NS $6.77B72
- AB Sagax (publ)SAGA-B.ST $6.36B62
- NEPI RockcastleNRP.AS $6.26B67
- CastellumCAST.ST $5.88B56
- Shanghai Zhangjiang Hi-Tech Park Development600895.SS $5.82B42
- Godrej PropertiesGODREJPROP.NS $5.78B51
- Tsim Sha Tsui Properties0247.HK $5.59B57
ETFs that hold Fastighets AB Balder (publ)
Held by 50 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Deka STOXX Europe Strong Value 20 UCITS ETFEL4D | 5.03% | 0.65% | €56.19M |
| Deka STOXX Europe Strong Style Composite 40 UCITS ETFEL4E | 2.64% | 0.66% | €37.12M |
| State Street SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETFZPRP | 2.48% | 0.30% | €113.99M |
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| Xtrackers FTSE Developed Europe ex UK Real Estate UCITS ETF 1CXREA | 2.45% | 0.33% | €18.23M |
| iShares STOXX Europe 600 Real Estate UCITS ETF (DE)EXI5 | 2.31% | 0.46% | €59.96M |
| Xtrackers FTSE Developed Europe Real Estate UCITS ETF 1CD5BK | 1.65% | 0.33% | €639.74M |
| iShares STOXX Europe Small 200 UCITS ETF (DE)EXSE | 0.48% | 0.20% | €632.25M |
| iShares OMX Stockholm Capped UCITS ETFOM3X | 0.40% | 0.10% | €197.05M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = SEK 9.9317)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 21 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.