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Pandox PNDX B.ST · SEK

Real Estate · Nasdaq Stockholm · 🇸🇪 Sweden

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177.20

+2.55%

Close of 9 Nov 2026, in SEK

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At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 7.47bn

FY2016FY2025

Net income

SEK 3.14bn

FY2016FY2025

Free cash flow

SEK 2.01bn

FY2016FY2025

Shareholders' equity

SEK 33.73bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueSEK 7.47bnSEK 7.14bnSEK 6.88bnSEK 5.53bnSEK 3.27bnSEK 3.18bnSEK 5.55bnSEK 5.12bnSEK 4.27bnSEK 3.94bn
Gross profitSEK 4.22bnSEK 3.85bnSEK 3.59bnSEK 2.98bnSEK 1.73bnSEK 1.61bnSEK 3.19bnSEK 2.89bnSEK 2.21bnSEK 1.79bn
Research and development——SEK 0SEK 1SEK 0SEK 0SEK 1SEK 1SEK 1SEK 1
Operating incomeSEK 3.99bnSEK 3.65bnSEK 3.39bnSEK 3.92bnSEK 1.81bn−SEK 440.0mSEK 4.38bnSEK 4.18bnSEK 3.98bnSEK 3.11bn
Net incomeSEK 3.14bnSEK 1.69bn−SEK 585.0mSEK 4.22bnSEK 610.0m−SEK 1.41bnSEK 2.71bnSEK 2.82bnSEK 3.14bnSEK 2.20bn
Diluted earnings per share16.148.68-3.1822.943.32-7.6616.1616.8419.9414.69

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsSEK 111.89bnSEK 80.69bnSEK 73.21bnSEK 75.22bnSEK 66.80bnSEK 64.81bnSEK 65.64bnSEK 55.02bnSEK 51.91bnSEK 38.43bn
Cash and short-term investmentsSEK 1.19bnSEK 1.29bnSEK 769.0mSEK 1.63bnSEK 1.59bnSEK 2.62bnSEK 632.0mSEK 674.0mSEK 999.0mSEK 517.0m
Total liabilitiesSEK 77.92bnSEK 46.99bnSEK 43.48bnSEK 44.28bnSEK 41.38bnSEK 40.73bnSEK 39.14bnSEK 33.48bnSEK 32.88bnSEK 23.17bn
DebtSEK 53.05bnSEK 38.70bnSEK 35.63bnSEK 37.09bnSEK 35.66bnSEK 34.38bnSEK 32.52bnSEK 27.92bnSEK 26.47bnSEK 18.84bn
Shareholders' equitySEK 33.73bnSEK 33.53bnSEK 29.57bnSEK 30.73bnSEK 25.21bnSEK 23.88bnSEK 26.35bnSEK 21.38bnSEK 18.84bnSEK 15.08bn
Shares outstanding195m195m184m184m184m184m168m168m158m150m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsSEK 3.10bnSEK 1.83bnSEK 2.19bnSEK 2.38bnSEK 430.0mSEK 460.0mSEK 1.93bnSEK 1.71bnSEK 1.69bnSEK 1.20bn
Capital spending−SEK 1.09bn−SEK 1.02bn−SEK 1.89bn−SEK 1.33bn−SEK 909.0m−SEK 1.10bn−SEK 5.58bn−SEK 720.0m−SEK 714.0m−SEK 433.0m
Free cash flowSEK 2.01bnSEK 806.0mSEK 299.0mSEK 1.04bn−SEK 479.0m−SEK 644.0m−SEK 3.64bnSEK 990.0mSEK 979.0mSEK 762.0m
Dividends paid−SEK 827.0m−SEK 735.0m−SEK 460.0m———−SEK 787.0m−SEK 737.0m−SEK 654.0m−SEK 570.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueSEK 2.19bnSEK 1.69bnSEK 2.08bnSEK 1.97bnSEK 1.90bnSEK 1.52bnSEK 1.90bnSEK 1.87bn
Gross profitSEK 1.38bnSEK 875.0mSEK 1.22bnSEK 1.09bnSEK 1.08bnSEK 752.0mSEK 991.0mSEK 1.09bn
Operating incomeSEK 1.13bnSEK 893.0mSEK 1.63bnSEK 1.12bnSEK 1.26bnSEK 694.0mSEK 932.0mSEK 555.0m
Net incomeSEK 222.0mSEK 640.0mSEK 1.69bnSEK 633.0mSEK 703.0mSEK 113.0mSEK 579.0m−SEK 41.0m
Diluted earnings per share1.143.298.693.253.610.582.98-0.21
Cash from operationsSEK 1.09bnSEK 565.0mSEK 1.76bnSEK 423.0mSEK 714.0mSEK 203.0mSEK 541.0mSEK 465.0m
Capital spending−SEK 19.0m−SEK 90.0m−SEK 757.0m−SEK 110.0m−SEK 762.0m−SEK 103.0m−SEK 272.0m−SEK 3.06bn
Free cash flowSEK 1.07bnSEK 475.0mSEK 1.00bnSEK 313.0m−SEK 48.0mSEK 100.0mSEK 269.0m−SEK 2.59bn
Total assetsSEK 115.56bnSEK 113.78bnSEK 111.89bnSEK 84.81bnSEK 81.60bnSEK 78.09bnSEK 80.69bnSEK 78.85bn
Cash and short-term investmentsSEK 1.64bnSEK 1.57bnSEK 1.19bnSEK 3.11bnSEK 2.22bnSEK 1.48bnSEK 1.29bnSEK 1.48bn
DebtSEK 50.93bnSEK 50.01bnSEK 49.30bnSEK 3.69bnSEK 37.61bnSEK 35.13bnSEK 35.56bnSEK 34.81bn
Shareholders' equitySEK 34.63bnSEK 34.76bnSEK 33.73bnSEK 32.65bnSEK 32.54bnSEK 32.13bnSEK 33.53bnSEK 32.47bn

Financial ratios

Data as of 20 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin56.5%54.0%52.1%53.9%52.8%50.8%——
Operating margin53.4%51.2%49.3%71.0%55.3%-13.8%——
Net margin42.0%23.7%-8.5%76.3%18.6%-44.3%——
Return on equity9.3%5.0%-2.0%13.7%2.4%-5.9%——
Return on assets2.8%2.1%-0.8%5.6%0.9%-2.2%——
Free cash flow yield13.0%8.9%13.4%12.2%4.4%5.1%——
Revenue growth4.7%3.7%24.4%69.0%3.0%-42.8%——
Earnings growth85.9%-388.7%-113.9%591.3%-143.3%-152.0%——
Current ratio0.88x0.65x0.22x0.21x0.42x0.52x——
Debt to equity1.46x1.06x1.11x1.10x1.29x1.32x——
Equity ratio30.1%41.6%40.4%40.9%37.7%36.8%——
Interest coverage2.20x2.14x2.11x3.97x1.75x-0.50x——
R&D as a share of sales——0.0%0.0%0.0%0.0%0.0%0.0%
Buybacks as a share of market value0.0%-5.8%0.0%0.0%0.0%-9.8%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue10.5%18.6%7.6%
Operating income0.5%—3.4%
Net income-9.4%—4.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin55.3%54.2%53.7%53.0%
Operating margin52.3%55.4%48.8%62.3%
Net margin33.1%31.3%22.9%36.9%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings12.622.1-47.35.144.0-19.013.18.78.09.6
Price to sales5.35.24.03.98.28.46.44.85.85.4

Dividends and splits

Per share, in the currency the company pays

Paid for 3 years. Last went ex-dividend on 16 Apr 2026.

FY2026FY2025FY2024FY2023FY2019FY2018FY2017FY2016
Paid in the year4.504.254.002.504.704.404.103.80

Sources and methodology

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

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