|
Real-time Estimate
Cboe Europe
12:00:55 03/11/2026 GMT
|
5-day change | 1st Jan Change | ||
| 48.80 SEK | -1.30% |
|
+1.64% | -28.37% |
| 11-02 | Balder loses a public short seller | FW |
| 10-27 | Kepler Cheuvreux lowers price target for Balder to SEK57 (61), reiterates buy | FW |
Projected Income Statement: Balder
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,956 | 10,521 | 11,944 | 12,876 | 13,721 | 14,344 | 15,010 | 15,445 |
| Change | - | 17.47% | 13.53% | 7.8% | 6.56% | 4.54% | 4.64% | 2.9% |
| EBITDA 1 | 5,927 | 6,777 | 8,624 | 8,533 | 9,154 | 9,874 | 10,493 | 10,852 |
| Change | - | 14.34% | 27.25% | -1.06% | 7.28% | 7.86% | 6.27% | 3.43% |
| EBIT 1 | 6,480 | 6,760 | 8,608 | 8,425 | 9,063 | 10,417 | 11,211 | 11,506 |
| Change | - | 4.32% | 27.34% | -2.13% | 7.57% | 14.94% | 7.62% | 2.63% |
| Interest Paid 1 | -1,067 | -2,031 | -3,186 | -4,079 | -4,235 | -4,476 | -4,914 | -5,155 |
| Earnings before Tax (EBT) 1 | 22,781 | 12,988 | -8,954 | 4,686 | 9,582 | 7,619 | 7,165 | 7,466 |
| Change | - | -42.99% | -168.94% | 152.33% | 104.48% | -20.48% | -5.97% | 4.21% |
| Net income 1 | 18,508 | 10,175 | -6,746 | 3,304 | 7,621 | 5,627 | 5,149 | 5,264 |
| Change | - | -45.02% | -166.3% | 148.98% | 130.66% | -26.16% | -8.5% | 2.23% |
| Announcement Date | 11/02/22 | 10/02/23 | 09/02/24 | 07/02/25 | 06/02/26 | - | - | - |
Forecast Balance Sheet: Balder
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 114,902 | 126,228 | 126,802 | 132,408 | 132,798 | 142,458 | 141,590 | 140,054 |
| Change | - | 9.86% | 0.45% | 4.42% | 0.29% | 7.27% | -0.61% | -1.08% |
| Announcement Date | 11/02/22 | 10/02/23 | 09/02/24 | 07/02/25 | 06/02/26 | - | - | - |
Cash Flow Forecast: Balder
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| CAPEX 1 | 7,420 | 10,742 | 7,517 | 2,833 | 2,612 | 6,633 | 5,305 | 3,697 |
| Change | - | 44.77% | -30.02% | -62.31% | -7.8% | 153.94% | -20.02% | -30.3% |
| Free Cash Flow (FCF) 1 | -28,353 | -7,865 | -1,352 | 1,905 | 1,427 | 749.5 | 858.5 | 1,072 |
| Change | - | 72.26% | 82.81% | 240.9% | -25.09% | -47.48% | 14.54% | 24.81% |
| Announcement Date | 11/02/22 | 10/02/23 | 09/02/24 | 07/02/25 | 06/02/26 | - | - | - |
Forecast Financial Ratios: Balder
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | 66.18% | 64.41% | 72.2% | 66.27% | 66.72% | 68.84% | 69.91% | 70.26% |
| EBIT Margin (%) | 72.35% | 64.25% | 72.07% | 65.43% | 66.05% | 72.62% | 74.69% | 74.49% |
| EBT Margin (%) | 254.37% | 123.45% | -74.97% | 36.39% | 69.83% | 53.12% | 47.73% | 48.34% |
| Net margin (%) | 206.65% | 96.71% | -56.48% | 25.66% | 55.54% | 39.23% | 34.3% | 34.08% |
| FCF margin (%) | -316.58% | -74.76% | -11.32% | 14.79% | 10.4% | 5.23% | 5.72% | 6.94% |
| FCF / Net Income (%) | -153.19% | -77.3% | 20.04% | 57.66% | 18.72% | 13.32% | 16.67% | 20.36% |
Profitability | ||||||||
| ROA | 9.02% | 6.1% | -2.2% | 1.27% | - | - | - | - |
| ROE | 27.25% | 12.1% | -7.8% | 3.9% | 8.4% | 5.64% | 5.16% | 4.94% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | 19.39x | 18.63x | 14.7x | 15.52x | 14.51x | 14.43x | 13.49x | 12.91x |
| Debt / Free cash flow | -4.05x | -16.05x | -93.79x | 69.51x | 93.06x | 190.07x | 164.93x | 130.71x |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | 82.85% | 102.1% | 62.94% | 22% | 19.04% | 46.24% | 35.34% | 23.94% |
| CAPEX / EBITDA (%) | 125.19% | 158.51% | 87.16% | 33.2% | 28.53% | 67.18% | 50.56% | 34.07% |
| CAPEX / FCF (%) | -26.17% | -136.58% | -555.99% | 148.71% | 183.04% | 884.99% | 617.91% | 345.05% |
Items per share | ||||||||
| Cash flow per share 1 | - | - | - | - | 3.395 | 3.458 | 3.231 | 3.168 |
| Change | - | - | - | - | - | 1.87% | -6.58% | -1.94% |
| Dividend per Share 1 | - | - | - | - | - | - | - | - |
| Change | - | - | - | - | - | - | - | - |
| Book Value Per Share 1 | 69.35 | 78.16 | 71.33 | 74.3 | 79.13 | 83.15 | 87.86 | 93.26 |
| Change | - | 12.7% | -8.74% | 4.16% | 6.5% | 5.08% | 5.67% | 6.15% |
| EPS 1 | 16.54 | 9.09 | -5.85 | 2.82 | 5.86 | 4.838 | 4.881 | 5.191 |
| Change | - | -45.04% | -164.36% | 148.21% | 107.8% | -17.44% | 0.89% | 6.34% |
| Nbr of stocks (in thousands) | 1,119,000 | 1,154,000 | 1,154,000 | 1,190,000 | 1,190,000 | 1,157,000 | 1,157,000 | 1,157,000 |
| Announcement Date | 11/02/22 | 10/02/23 | 09/02/24 | 07/02/25 | 06/02/26 | - | - | - |
| 2026 * | 2027 * | |
|---|---|---|
| P/E | 10.2x | 10.1x |
| PBR | 0.59x | 0.56x |
| EV / Sales | 13.9x | 13.2x |
| Yield | - | - |
EPS & Dividend
Y-o-Y evolution of P/E
Year-on-year evolution of the Yield
Trader
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