1. Sweden Stocks

  2. •

    Finance

  3. •

    Real estate development
Pandox AB Class B

Pandox AB Class B

164.60
SEK
+3.80
(+2.36%)
16.84EPS
10.34P/E
33.67BMarket Cap
Feb 04Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
19.39
20.51
23.93
26.25
27.04
30.59
32.65
17.29
17.8
30.75
37.25
38.19
38.38
40.33
Basic EPS, GAAP
6.34
8.35
14.21
14.65
19.89
16.84
15.91
-7.61
3.32
22.94
-3.18
9.04
16.13
16.73
Free Cash Flow per Basic Share
2.22
4.71
4.61
6.22
8.89
-1.8
-18.99
-3.5
-2.61
5.68
1.63
-11.92
-68.24
-56.82
Dividend per Share
1.33
7.35
1
3.79
4.09
4.4
4.63
- -
- -
- -
2.5
3.93
4.25
8.75
Book Value per Share
69.53
69.35
80.61
95.75
112.51
127.63
143.32
129.89
137.14
167.15
160.85
172.29
173.32
177.94
Tangible Book Value per Share
69.53
69.35
80.61
95.75
112.51
127.63
143.32
129.89
137.14
167.15
160.85
172.29
173.32
177.94
Basic Weighted Avg Shares
149
150
150
150
158
167
170
184
184
184
184
187
195
195
Sales/Revenue/Turnover
2,897
3,076
3,589
3,945
4,269
5,124
5,553
3,178
3,273
5,654
6,849
7,136
7,469
7,849
Operating Margin (%)
45.57
42.75
40.82
42.33
48.77
53.59
54.39
45.44
47.97
52.19
49.5
51.22
53.37
56.1
Depreciation Expense
102
110
137
147
170
163
195
238
280
334
286
287
331
329
Net Income, GAAP
948
1,253
2,131
2,201
3,140
2,820
2,706
-1,399
610
4,217
-585
1,689
3,139
3,255
Effective Tax Rate (%)
32.75
7.46
18.94
15.98
13.75
18.48
22.72
- -
31.26
21.44
- -
27.68
17.47
22.14
Profit Margin (%)
32.72
40.73
59.38
55.79
73.55
55.04
48.73
-44.02
18.64
74.58
-8.54
23.67
42.03
41.47
Working Capital
-159
-1,517
-1,313
-369
-2,265
-7,102
-5,724
-3,172
-3,827
-13,832
-8,320
-1,624
-2,453
-4,596
LT Debt
14,402
11,785
13,720
18,294
23,593
20,719
26,621
28,935
30,225
21,080
27,016
36,309
49,247
48,896
Total Equity
10,429
10,402
12,215
15,258
19,027
21,538
26,506
24,088
25,422
30,933
29,725
33,695
33,913
34,814
Return on Invested Capital (%)
3.59
5.03
4.65
4.53
4.51
4.71
4.29
- -
1.8
3.58
- -
3.81
3.85
5.58
Return on Capital (%)
5.49
7.19
9.71
8.27
8.99
7.23
6.2
- -
2.08
7.75
- -
4.87
6.05
6.12
Return on Common Equity (%)
9.56
12.03
18.95
16.2
18.51
14.02
11.34
-5.57
2.49
15.08
-1.94
5.35
9.33
9.75

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,799
6,408
5,702
LT Borrowings
45,503
43,587
45,229
LT Finance Leases
3,744
3,714
3,667
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
195
195
195
Market Capitalization
39,504
34,912
33,666

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
18,021
18,182
18,475
Cash, Cash Equivalents & STI
1,186
1,566
1,637
Accounts Receivable, Net
383
292
260
Inventories
8
7
7
Total Current Liabilities
20,474
23,206
23,071
Payables & Accruals
- -
- -
- -
ST Debt
3,799
6,408
5,702
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.41%
7.46%
0.65%
Free Cash Flow
9.22%
-152.86%
496.01%
Net Income, GAAP
-8.9%
6.19%
85.85%
Sales/Revenue/Turnover
10.95%
21.15%
4.67%
Total Cash Common Dividend
- -
- -
12.52%

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,501
1,866
1,873
1,896
7,136
2025
1,518
1,903
- -
2,076
7,469
2026
1,685
2,185
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.43
3.83
-0.22
2.98
9.04
2025
0.58
3.61
- -
8.68
16.13
2026
3.29
1.14
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
4
- -
- -
3.93
2025
- -
4.25
- -
- -
4.25
2026
- -
4.5
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Liia Nõu
Full Time Employees
1,494
Sector
Finance
Industry
Real estate development
Address
Vasagatan 11 Stockholm AB Sweden 101 20
IPO Date
Jul 2, 2015
Website
pandox.se
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Business
Pandox AB (publ) (PNDX-B.ST) is a leading European hotel property company that owns, develops and leases hotel properties to skilled hotel operators under long-term, turnover-based leases with guaranteed minimum levels. Founded in 1995 and headquartered in Stockholm, Sweden, the company operates primarily through two segments: Leases, which generates the majority of revenue from leasing 139 hotel properties to external operators; and Own Operations, where Pandox directly manages 20 properties. Its portfolio comprises 193 hotel properties with approximately 43,000 rooms across 11 countries, including Sweden, the United Kingdom, Germany, Belgium, Finland, Norway, Denmark, Ireland, Austria, Switzerland and the Netherlands, with a total market value of about SEK 90-93 billion; properties are strategically located in prime city centers, airports and ring roads, targeting upper mid-market and full-service segments serving business, leisure and international travelers. In a major strategic expansion, Pandox completed the acquisition of Dalata Hotel Group plc in November 2025 through a consortium with Eiendomsspar AS, adding 31 high-quality investment properties (6,626 rooms) in Ireland and the UK under brands such as Clayton and Maldron, operated by Scandic Hotels Group under new revenue-based leases; the transaction, valued at approximately EUR 1,200 million post-expected divestment of operations to Scandic in late 2025 or 2026, boosts annual rental income by SEK 1,200 million, cash earnings by SEK 450 million and net asset value by SEK 3,000 million while deepening presence in Europe's fifth-largest hotel market.