Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Balco Group AB is a leading manufacturer and provider of innovative, patented, and energy-efficient balcony solutions. Founded in 1987 in Växjö, Sweden, the company specializes in glazed balconies and customized systems, primarily serving the renovation market by replacing existing balconies with advanced designs using the proprietary Balco method. This approach delivers benefits such as reduced energy costs, improved living standards, and increased property values for customers. Balco Group AB caters to tenant-owner associations, private landlords, public housing sectors, and construction companies, operating through two key segments: Renovations, its largest division driven by demand in aging property portfolios, particularly in Sweden; and New Build, where it holds a notable market share as the seventh largest player in Sweden and a challenger elsewhere. As the market leader in the Nordic region—encompassing Sweden, Denmark, and Norway—and with a strong presence in Germany, Finland, the United Kingdom, and the Netherlands, the company emphasizes sustainability, growth, and innovation. In 2024, it reported net sales of 1,418 million SEK, adjusted operating profit of 70 million SEK, and a 4.9% margin, underscoring its role in enhancing urban living spaces across northern Europe.
kr 1.28
kr 0.02 (-1.54%)
EOD Jun 23, 2026 · Twelve Data
The business is unprofitable at the operating level (-2.34% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 8.7% YoY. Margins deteriorated 4.7pp alongside, both lines moving the wrong way.
Free cash flow declined 103% versus the prior year, cash generation momentum has weakened. ROIC dropped from 2.83% to -1.92%, capital efficiency is deteriorating.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 1.28B
▼ -8.7% YoY
Net Income (TTM)
-kr 6M
▼ -868.3% YoY
Op. Margin
0.25%
▼ -4.7pp YoY
ROIC
-1.92%
▼ -4.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
kr 67M
▼ -102.5% YoY
Op. Cash Flow (TTM)
kr 71M
▼ -98.3% YoY
Net Debt
kr 382M
Cash & Equiv.
kr 158M
3Y CAGR: -1.0%
Continue Research
Balco Group AB (BALCO.XSTO) trades below a two-stage DCF intrinsic value of about SEK 56.72 per share, so at SEK 1.28 the stock looks undervalued (4,331.2% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Balco Group AB scores 15/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about SEK 56.72 per share for BALCO.XSTO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around SEK 42.54. At today's SEK 1.28, that puts the stock about 4,331.2% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Balco Group AB scores 15 out of 100 on Intrinsiqq's quality score, passing 1 of 7 checks, which makes it a lower-quality business on these measures. Recent fundamentals include a 0.2% operating margin and a -1.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. BALCO.XSTO currently trades below its estimated intrinsic value and scores 15/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.