Obermatt

JM

STO:JM · SE0000806994
Household DurablesMedium

360

4
EV / EBIT5
Price / Owner Earnings3
Owner Earnings Yield29
Dividend Yield53
Price/Sales72
EV / Gross Profit2
Price/Book38
Return on Capital8
Cash Return on Capital31
Return on Equity23
EBIT Margin15
Gross Profitability1
Cash Conversion90
Accruals55
Owner Earnings Margin32
Sales growth90
Profit Growth28
Long-Term EPS Growth12
Owner Earnings Growth44
Reinvestment81
Price momentum55
Debt load7
Refinancing96
Debt Payback4
Liquidity29
Analyst ratings28
Opinion Changes50
Price Target Upside53
Market mood75
Value Creation6/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

JM doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountrySweden
IndustryHousehold Durables
SizeMedium
TypePublic Company
ExchangeOM
Founded1945
Employees1,643
Websitejm.se
ISINSE0000806994
Last UpdateApr 2, 2026
Index & Theme
Environmental EngineeringReal Estate TechnologyConstruction

Description

JM AB (publ) is a developer of residential housing and sustainable living environments in the Nordic region. Business Segments The company operates through multiple business segments, each tailored to meet diverse market demands and customer needs…

Analysis

Hope premium

JM AB (publ) carries what we call a hope premium: an average business trading at an ambitious price.

The price is expensive. You pay 44.5× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone.

The trajectory is moderate and the balance sheet is fragile. The company scores 6/20 on our value-creation score: not creating value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
61
2023202420252026

All-time high

61

Jun 2026

All-time low

3

Mar 2026

Average rank

32

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
72
42
46
37
Price/Earnings
12
28
39
43
Price/Book
38
64
57
38
Dividend Yield
53
40
51
68
Value (overall)
29
32
44
35

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →