Valuation Balder

Stocks

Market Closed - Nasdaq Stockholm 12:00:00 2026-10-23 EDT			5-day change	1st Jan Change
49.02 ^SEK	+5.35%		+6.66%	-28.12%

10-23	SEB cuts price target for Balder to SEK 63 (64), reiterates buy	FW
10-23	DNB Carnegie raises price target for Balder to SEK 52 (50), reiterates hold	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	57,366	-	-
Change	-	-53.94%	47.4%	10.73%	-11.2%	-29.32%	-	-
Enterprise Value (EV) ¹	236,463	182,220	209,336	223,800	213,956	201,251	198,762	197,191
Change	-	-22.94%	14.88%	6.91%	-4.4%	-5.94%	-1.24%	-0.79%
P/E	6.57x	5.34x	-12.2x	27.2x	11.6x	10.6x	9.3x	8.75x
PBR	1.57x	0.62x	1x	1.03x	0.86x	0.6x	0.56x	0.53x
PEG	-	-0.1x	0x	-0x	0x	-0.5x	0.7x	1.39x
Capitalization / Revenue	13.6x	5.32x	6.91x	7.1x	5.91x	4x	3.83x	3.73x
EV / Revenue	26.4x	17.3x	17.5x	17.4x	15.6x	14x	13.3x	12.8x
EV / EBITDA	39.9x	26.9x	24.3x	26.2x	23.4x	20.4x	19x	18.2x
EV / EBIT	36.5x	27x	24.3x	26.6x	23.6x	19.2x	17.8x	17.2x
EV / FCF	-8.34x	-23.2x	-155x	117x	150x	71.7x	71.7x	69.6x
FCF Yield	-12%	-4.32%	-0.65%	0.85%	0.67%	1.39%	1.39%	1.44%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	16.54	9.09	-5.85	2.82	5.86	4.64	5.269	5.6
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	8,956	10,521	11,944	12,876	13,721	14,332	14,961	15,395
EBITDA ¹	5,927	6,777	8,624	8,533	9,154	9,861	10,461	10,819
EBIT ¹	6,480	6,760	8,608	8,425	9,063	10,497	11,182	11,476
Net income ¹	18,508	10,175	-6,746	3,304	7,621	5,448	5,289	5,402
Net Debt ¹	114,902	126,228	126,802	132,408	132,798	143,885	141,396	139,825
Reference price ²	108.63	48.52	71.52	76.80	68.20	49.02	49.02	49.02
Nbr of stocks (in thousands)	1,119,000	1,154,000	1,154,000	1,190,000	1,190,000	1,170,250	-	-
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	9.8x	13.63x	19.85x	-.--%	5.49B
VINGROUP	62.96x	-	-	-	67.56B
SUN HUNG KAI PROPERTIES LIMITED	12.14x	4.28x	10.97x	3.97%	38.49B
MITSUBISHI ESTATE CO., LTD.	18.65x	4.05x	16.27x	1.31%	28.88B
EMAAR PROPERTIES	5.63x	0.73x	1.53x	8.79%	27.38B
CHINA RESOURCES LAND LIMITED	8.03x	1.47x	8.23x	4.41%	26.77B
MITSUI FUDOSAN CO., LTD.	14.3x	3.13x	15x	2.44%	26.49B
VINHOMES	8.59x	3.04x	7.1x	-.--%	20.34B
CK ASSET HOLDINGS LIMITED	9.78x	1.91x	7.86x	4.29%	19.69B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	13.25x	6.44x	16.93x	1.64%	19.06B
Average	16.31x	4.30x	11.53x	2.98%	28.02B
Weighted average by Cap.	23.85x	3.39x	10.74x	3.43%