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F

Fastighets AB Balder BALD B.ST · SEK

Real Estate · Nasdaq Stockholm · 🇸🇪 Sweden

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53.82

+1.70%

Close of 9 Nov 2026, in SEK

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At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 13.72bn

FY2016FY2025

Net income

SEK 7.62bn

FY2016FY2025

Free cash flow

SEK 5.32bn

FY2016FY2025

Shareholders' equity

SEK 93.85bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueSEK 13.72bnSEK 12.88bnSEK 11.94bnSEK 10.52bnSEK 8.96bnSEK 8.13bnSEK 7.61bnSEK 6.71bnSEK 5.92bnSEK 5.37bn
Gross profitSEK 10.22bnSEK 9.61bnSEK 8.91bnSEK 7.80bnSEK 6.74bnSEK 6.21bnSEK 5.64bnSEK 4.89bnSEK 4.22bnSEK 3.68bn
Research and development——SEK 1SEK 1SEK 3SEK 1SEK 2SEK 2SEK 1SEK 1
Operating incomeSEK 13.29bnSEK 8.53bnSEK 7.83bnSEK 6.78bnSEK 5.93bnSEK 10.29bnSEK 4.98bnSEK 13.18bnSEK 9.99bnSEK 8.73bn
Net incomeSEK 7.62bnSEK 3.30bn−SEK 6.75bnSEK 10.18bnSEK 18.51bnSEK 6.64bnSEK 8.96bnSEK 9.31bnSEK 7.12bnSEK 5.47bn
Diluted earnings per share6.032.63-5.859.0916.545.938.298.626.595.07

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsSEK 276.29bnSEK 267.93bnSEK 253.75bnSEK 263.77bnSEK 229.93bnSEK 180.40bnSEK 157.93bnSEK 128.01bnSEK 106.26bnSEK 92.62bn
Cash and short-term investmentsSEK 10.51bnSEK 6.44bnSEK 3.85bnSEK 5.59bnSEK 3.24bnSEK 4.47bnSEK 1.38bnSEK 1.33bnSEK 1.59bnSEK 1.59bn
Total liabilitiesSEK 169.80bnSEK 166.19bnSEK 159.76bnSEK 160.87bnSEK 141.37bnSEK 112.52bnSEK 99.20bnSEK 80.60bnSEK 68.54bnSEK 59.14bn
Debt—SEK 141.44bnSEK 136.58bnSEK 137.14bnSEK 119.03bnSEK 90.53bnSEK 82.78bnSEK 67.20bnSEK 58.38bnSEK 49.58bn
Shareholders' equitySEK 93.85bnSEK 88.42bnSEK 82.31bnSEK 90.19bnSEK 77.61bnSEK 58.21bnSEK 49.01bnSEK 40.15bnSEK 31.30bnSEK 27.94bn
Shares outstanding1,264m1,257m1,154m1,119m1,119m1,119m1,080m1,080m1,080m1,080m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsSEK 5.37bnSEK 4.74bnSEK 4.86bnSEK 5.05bnSEK 1.53bnSEK 6.52bnSEK 3.21bnSEK 3.67bnSEK 2.49bnSEK 2.89bn
Capital spending−SEK 53.0m−SEK 54.0m−SEK 187.0m−SEK 138.0m−SEK 70.0m−SEK 7.46bn−SEK 85.0m−SEK 44.0m−SEK 27.0m−SEK 41.0m
Free cash flowSEK 5.32bnSEK 4.68bnSEK 4.67bnSEK 4.91bnSEK 1.46bn−SEK 940.0mSEK 3.12bnSEK 3.62bnSEK 2.46bnSEK 2.85bn
Dividends paid————————−SEK 150.0m−SEK 200.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueSEK 3.57bnSEK 3.46bnSEK 3.45bnSEK 3.45bnSEK 3.41bnSEK 3.42bnSEK 3.33bnSEK 3.23bn
Gross profitSEK 3.55bnSEK 2.43bnSEK 2.52bnSEK 2.68bnSEK 2.59bnSEK 2.50bnSEK 2.46bnSEK 2.50bn
Operating incomeSEK 2.37bnSEK 3.64bnSEK 3.26bnSEK 2.40bnSEK 2.30bnSEK 2.21bnSEK 2.15bnSEK 2.24bn
Net incomeSEK 730.0mSEK 2.10bnSEK 1.77bnSEK 2.30bnSEK 770.0mSEK 2.69bnSEK 3.42bn−SEK 294.0m
Diluted earnings per share0.581.681.401.820.612.132.72-0.23
Cash from operationsSEK 1.51bnSEK 122.0mSEK 1.30bnSEK 1.64bnSEK 965.0mSEK 350.0mSEK 1.71bnSEK 1.39bn
Capital spending−SEK 10.0m−SEK 13.0m−SEK 16.0m−SEK 14.0m−SEK 13.0m−SEK 11.0m−SEK 18.0m−SEK 10.0m
Free cash flowSEK 1.50bnSEK 109.0mSEK 1.28bnSEK 1.62bnSEK 952.0mSEK 339.0mSEK 1.69bnSEK 1.38bn
Total assetsSEK 283.96bnSEK 285.17bnSEK 276.29bnSEK 277.69bnSEK 266.33bnSEK 265.29bnSEK 267.93bnSEK 260.49bn
Cash and short-term investmentsSEK 10.24bnSEK 9.33bnSEK 10.51bnSEK 11.18bnSEK 4.35bnSEK 6.29bnSEK 6.44bnSEK 8.95bn
DebtSEK 157.84bnSEK 157.39bnSEK 162.35bnSEK 153.82bnSEK 139.20bnSEK 138.80bnSEK 141.44bnSEK 140.86bn
Shareholders' equitySEK 92.06bnSEK 96.49bnSEK 93.85bnSEK 93.12bnSEK 90.96bnSEK 89.98bnSEK 88.42bnSEK 83.27bn

Growth per year

Compound annual rate

3 years5 years10 years
Revenue9.3%11.0%17.6%
Operating income25.2%5.2%8.3%
Net income-9.2%2.8%4.5%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin74.6%74.5%74.8%74.0%
Operating margin82.1%74.3%79.6%101.1%
Net margin41.1%29.3%59.7%79.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings11.229.2-12.25.36.612.08.74.95.56.0
Price to sales6.27.56.95.213.69.810.36.86.76.2

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 9 May 2008.

FY2008
Paid in the year0.028
  • 6-for-1 split · 25 May 2022
  • 3-for-2 split · 25 May 2011
  • 4-for-1 split · 10 Jun 2010
  • 100-to-1 reverse split · 23 Sept 2005

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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