Fastighets AB Balder (publ) (BALD-B) - Net Assets
Based on the latest financial reports, Fastighets AB Balder (publ) (BALD-B) has net assets worth Skr106.49 Billion SEK as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr276.29 Billion) and total liabilities (Skr169.80 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr106.49 Billion |
| % of Total Assets | 38.54% |
| Annual Growth Rate | 27.31% |
| 5-Year Change | 20.24% |
| 10-Year Change | 218.09% |
| Growth Volatility | 25.74 |
Fastighets AB Balder (publ) - Net Assets Trend (2005–2025)
This chart illustrates how Fastighets AB Balder (publ)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fastighets AB Balder (publ) (2005–2025)
The table below shows the annual net assets of Fastighets AB Balder (publ) from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr106.49 Billion | +4.68% |
| 2024-12-31 | Skr101.73 Billion | +8.24% |
| 2023-12-31 | Skr93.99 Billion | -8.67% |
| 2022-12-31 | Skr102.91 Billion | +16.19% |
| 2021-12-31 | Skr88.57 Billion | +30.46% |
| 2020-12-31 | Skr67.89 Billion | +15.60% |
| 2019-12-31 | Skr58.73 Billion | +23.87% |
| 2018-12-31 | Skr47.41 Billion | +25.69% |
| 2017-12-31 | Skr37.72 Billion | +12.66% |
| 2016-12-31 | Skr33.48 Billion | +33.64% |
| 2015-12-31 | Skr25.05 Billion | +75.66% |
| 2014-12-31 | Skr14.26 Billion | +27.38% |
| 2013-12-31 | Skr11.20 Billion | +35.07% |
| 2012-12-31 | Skr8.29 Billion | +24.11% |
| 2011-12-31 | Skr6.68 Billion | +43.39% |
| 2010-12-31 | Skr4.66 Billion | +40.19% |
| 2009-12-31 | Skr3.32 Billion | +79.22% |
| 2008-12-31 | Skr1.85 Billion | -18.88% |
| 2007-12-31 | Skr2.29 Billion | +52.30% |
| 2006-12-31 | Skr1.50 Billion | +76.18% |
| 2005-12-31 | Skr851.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fastighets AB Balder (publ)'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 30371.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr80.57 Billion | 85.84% |
| Common Stock | Skr198.33 Million | 0.21% |
| Other Components | Skr13.09 Billion | 13.94% |
| Total Equity | Skr93.85 Billion | 100.00% |
Fastighets AB Balder (publ) Competitors by Market Cap
The table below lists competitors of Fastighets AB Balder (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CP AXTRA PUBLIC THAI NVDR
BK:CPAXT-R
|
$7.45 Billion |
|
Dixon Technologies (India) Limited
NSE:DIXON
|
$7.46 Billion |
|
Merlin Properties SOCIMI SA
MC:MRL
|
$7.48 Billion |
|
FIRSTCASH HLDGS INC.DL-01
F:FF60
|
$7.48 Billion |
|
China Mengniu Dairy Company Limited
F:EZQ0
|
$7.45 Billion |
|
Paramount Skydance Corporation Class B Common Stock
NASDAQ:PSKY
|
$7.44 Billion |
|
Rubrik, Inc.
NYSE:RBRK
|
$7.44 Billion |
|
Yapi ve Kredi Bankasi AS
IS:YKBNK
|
$7.44 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fastighets AB Balder (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 88,420,000,000 to 93,852,000,000, a change of 5,432,000,000 (6.1%).
- Net income of 7,621,000,000 contributed positively to equity growth.
- Share repurchases of 267,000,000 reduced equity.
- Other comprehensive income increased equity by 136,000,000.
- Other factors decreased equity by 2,058,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr7.62 Billion | +8.12% |
| Share Repurchases | Skr267.00 Million | -0.28% |
| Other Comprehensive Income | Skr136.00 Million | +0.14% |
| Other Changes | Skr-2.06 Billion | -2.19% |
| Total Change | Skr- | 6.14% |
Book Value vs Market Value Analysis
This analysis compares Fastighets AB Balder (publ)'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 34.00x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | Skr1.82 | Skr61.90 | x |
| 2006-12-31 | Skr2.66 | Skr61.90 | x |
| 2007-12-31 | Skr3.91 | Skr61.90 | x |
| 2008-12-31 | Skr3.22 | Skr61.90 | x |
| 2009-12-31 | Skr4.90 | Skr61.90 | x |
| 2010-12-31 | Skr5.19 | Skr61.90 | x |
| 2011-12-31 | Skr7.01 | Skr61.90 | x |
| 2012-12-31 | Skr8.66 | Skr61.90 | x |
| 2013-12-31 | Skr11.70 | Skr61.90 | x |
| 2014-12-31 | Skr14.69 | Skr61.90 | x |
| 2015-12-31 | Skr21.17 | Skr61.90 | x |
| 2016-12-31 | Skr26.82 | Skr61.90 | x |
| 2017-12-31 | Skr28.98 | Skr61.90 | x |
| 2018-12-31 | Skr37.17 | Skr61.90 | x |
| 2019-12-31 | Skr45.38 | Skr61.90 | x |
| 2020-12-31 | Skr53.74 | Skr61.90 | x |
| 2021-12-31 | Skr69.35 | Skr61.90 | x |
| 2022-12-31 | Skr80.59 | Skr61.90 | x |
| 2023-12-31 | Skr71.33 | Skr61.90 | x |
| 2024-12-31 | Skr75.48 | Skr61.90 | x |
| 2025-12-31 | Skr74.23 | Skr61.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fastighets AB Balder (publ) utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 55.54%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 2.94x
- Recent ROE (8.12%) is below the historical average (15.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 31.04% | 203.23% | 0.04x | 3.43x | Skr179.22 Million |
| 2006 | 29.37% | 84.20% | 0.07x | 4.86x | Skr290.73 Million |
| 2007 | 34.34% | 115.70% | 0.09x | 3.32x | Skr556.25 Million |
| 2008 | -20.91% | -61.29% | 0.08x | 4.29x | Skr-573.10 Million |
| 2009 | 9.16% | 35.60% | 0.06x | 4.16x | Skr-27.73 Million |
| 2010 | 28.75% | 100.38% | 0.09x | 3.24x | Skr872.60 Million |
| 2011 | 12.16% | 55.39% | 0.08x | 2.84x | Skr144.50 Million |
| 2012 | 14.02% | 68.31% | 0.07x | 2.88x | Skr333.10 Million |
| 2013 | 15.52% | 92.25% | 0.06x | 2.68x | Skr618.40 Million |
| 2014 | 21.93% | 123.88% | 0.06x | 2.82x | Skr1.70 Billion |
| 2015 | 23.78% | 181.34% | 0.04x | 3.55x | Skr2.85 Billion |
| 2016 | 19.59% | 101.88% | 0.06x | 3.32x | Skr2.68 Billion |
| 2017 | 22.74% | 120.34% | 0.06x | 3.40x | Skr3.99 Billion |
| 2018 | 23.19% | 138.64% | 0.05x | 3.19x | Skr5.29 Billion |
| 2019 | 18.28% | 117.73% | 0.05x | 3.22x | Skr4.06 Billion |
| 2020 | 11.41% | 81.64% | 0.05x | 3.10x | Skr820.00 Million |
| 2021 | 23.85% | 206.65% | 0.04x | 2.96x | Skr10.75 Billion |
| 2022 | 11.28% | 96.71% | 0.04x | 2.92x | Skr1.16 Billion |
| 2023 | -8.20% | -56.48% | 0.05x | 3.08x | Skr-14.98 Billion |
| 2024 | 3.74% | 25.66% | 0.05x | 3.03x | Skr-5.54 Billion |
| 2025 | 8.12% | 55.54% | 0.05x | 2.94x | Skr-1.76 Billion |
Industry Comparison
This section compares Fastighets AB Balder (publ)'s net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $2,323,837,222
- Average return on equity (ROE) among peers: 4.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fastighets AB Balder (publ) (BALD-B) | Skr106.49 Billion | 31.04% | 1.59x | $7.45 Billion |
| Acrinova AB (ACRI-A) | $941.29 Million | 8.43% | 1.23x | $37.06 Million |
| Acrinova AB Series B (ACRI-B) | $874.99 Million | 17.50% | 1.09x | $67.52 Million |
| ALM Equity AB Pfd. (ALM-PREF) | $2.77 Billion | -34.35% | 0.98x | $153.40 Million |
| Catena AB (CATE) | $806.08 Million | -16.37% | 2.00x | $3.43 Billion |
| Cibus Nordic Real Estate AB (publ) (CIBUS) | $583.26 Million | 8.81% | 1.69x | $1.39 Billion |
| Dios Fastigheter AB (DIOS) | $1.08 Billion | -12.02% | 2.80x | $1.06 Billion |
| FastPartner AB (publ) (FPAR-A) | $1.18 Billion | 25.25% | 1.97x | $876.03 Million |
| FastPartner AB Series D (FPAR-D) | $897.60 Million | 14.15% | 2.98x | $117.69 Million |
| Hufvudstaden AB (publ) (HUFV-A) | $11.79 Billion | 29.05% | 0.74x | $2.60 Billion |
About Fastighets AB Balder (publ)
Fastighets AB Balder (publ) owns, manages, and develops properties in Sweden, Denmark, Finland, Norway, Germany, and the United Kingdom. Its property portfolio comprises offices, shops, warehouses, restaurants, schools, and others, as well as hotel properties. The company was incorporated in 1995 and is headquartered in Gothenburg, Sweden.