Why Pandox stock moves
Pandox fell slightly, in line with the market.
Written after the close on ·
Why today
15,876 news analyzed todayPandox fell slightly, in line with the market.
Over the last five trading days Pandox rose sharply, while the market was roughly flat.
The rise was big for Pandox, about twice a normal five-day stretch, and such moves happened about ten times in the past year.
The last session's move was small and ordinary for Pandox, so no single event stands out.
The closing sale of seven Scandinavian hotels was announced on the day, after the market had closed, so it cannot explain the session's move.
Today's move of −0.69% was 0.8 times a normal day's 0.8%. OMX Stockholm 30 moved −1.01% on the same day.
Pandox −0.69%OMX Stockholm 30 −1.01%In step with the market
What analysts expect, and how often they have been right
Analysts’ estimates for Pandox.
Pandox earned more than expected in 4 out of 8 reports.
For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 6 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.
Ratings
Price targets
Latest price 172.80 SEK
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedSEK
Next reported quarter: expected earnings per share of 4.77 SEK (February 4). For the current fiscal year, expected earnings per share changed from 11.17 SEK three months ago to 12.53 SEK now. 2026 estimate: 12.53 SEK. 2027 estimate: 12.22 SEK. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. June 11: Buy about 597 thousand SEK. May 6: Buy about 100 thousand SEK. May 6: Buy about 263 thousand SEK. May 6: Buy about 338 thousand SEK. April 30: Buy about 9.9 m SEK.
Has the share price followed the business?
Price and earnings moved in the same direction: 2 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed +6% and earnings per share +78%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK
Assets, liabilities and market cap
AssetsLiabilitiesMarket capbn SEK
Price and earnings moved in the same direction: 2 out of 3 years.Market cap (Now): 33.6 bn SEKRevenue 2025: 7.5 bn SEK
What the key figures say about Pandox
The figures connect what Pandox earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: -3.18 SEK–22.94 SEK. Peers: Wallenstam 4.53 SEK, Hufvudstaden 6.26 SEK, Wihlborgs Fastigheter 7.77 SEK. 2026 estimate: 12.53 SEK (12.30 SEK–12.82 SEK). 2027 estimate: 12.22 SEK (9.99 SEK–13.10 SEK).
What the company sold during the year.
2022–2025: 5.7 bn SEK–7.5 bn SEK. Peers: Wallenstam 3.4 bn SEK, Hufvudstaden 3.3 bn SEK, Wihlborgs Fastigheter 4.7 bn SEK. 2026 estimate: 8.6 bn SEK (8.6 bn SEK–8.7 bn SEK). 2027 estimate: 9.0 bn SEK (8.9 bn SEK–9.4 bn SEK).
The percentage of revenue left after the costs of running the business.
2022–2025: 49.5%–53.4%. Peers: Wallenstam 59.3%, Hufvudstaden 47.9%, Wihlborgs Fastigheter 69.2%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: −2.0%–13.7%. Peers: Wallenstam 9.1%, Hufvudstaden 4.3%, Wihlborgs Fastigheter 9.9%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 5.1–21.2. Peers: Wallenstam 8.7, Hufvudstaden 18.8, Wihlborgs Fastigheter 9.3. 2026 estimate: 13.8. 2027 estimate: 14.1.
What investors pay for each unit the company sells.
2022–2025: 3.78–5.29. Peers: Wallenstam 7.34, Hufvudstaden 6.87, Wihlborgs Fastigheter 4.77. 2026 estimate: 3.91. 2027 estimate: 3.72.
Money paid to shareholders per share, summed by calendar year.
2017–2025: 0.00 SEK–4.70 SEK.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 0.0%–2.1%. Peers: Wallenstam 1.4%, Hufvudstaden 2.5%, Wihlborgs Fastigheter 4.5%.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: 5.31–18.63. Peers: Wallenstam 16.15, Wihlborgs Fastigheter 10.78.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 0.70–1.17. Peers: Wallenstam 0.75, Hufvudstaden 0.81, Wihlborgs Fastigheter 0.89.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 9.0–39.4.
Cash left after investments, divided by the number of shares.
2022–2025: -68.24 SEK–5.68 SEK. Peers: Wallenstam 2.19 SEK, Hufvudstaden 6.82 SEK, Wihlborgs Fastigheter 6.13 SEK.
The percentage of assets financed by shareholders’ equity.
2022–2025: 30.1%–41.6%.
The dividend explained
A dividend is money paid to shareholders. Pandox paid 4.50 SEK per share in the twelve months through November 6, 2026.
On the ex-dividend day, April 16, 2026, Pandox traded without the right to the 4.50 SEK dividend. The price went from 198.00 SEK to 194.00 SEK; including the dividend, the day's change was +0.3%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2017: 4.10 SEK2018: 4.40 SEK2019: 4.70 SEK2020: 0.00 SEK2021: 0.00 SEK2022: 0.00 SEK2023: 2.50 SEK2024: 4.00 SEK2025: 4.25 SEK2026 so far: 4.50 SEK
What to watch next, and why
The earnings report shows how Pandox's revenue and profit have changed.
- Earnings report
The earnings report shows how Pandox's revenue and profit have changed.
Add to calendar
More about Pandox
Insider trades
People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.
- aldert schaaphok, senior executiveBuyabout 597 thousand SEK
- Carl Jacob Rasin, senior executiveBuyabout 100 thousand SEK
- Tobias Ekman, senior executiveBuyabout 263 thousand SEK
- Mikael Hultqvist, senior executiveBuyabout 338 thousand SEK
- Christian Ringnes, chair (closely associated)Buyabout 9.9 m SEK
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Pandox usually moved about 3.1%. On a normal day it moves 0.8%.
+2.36% Why? +3.07% −4.98% +3.12%
10,000 SEK in Pandox bought on November 7, 2016 is worth 15,200 SEK today, with dividends reinvested.
What would 10,000 SEK in Pandox be worth today? →
What would 10,000 SEK in Pandox be worth today?
15,200 SEK
with dividends reinvested, bought on November 7, 2016.
At worst it was worth 4,060 SEK (March 18, 2020).
The five biggest days of the journey
· +30.2% · the whole market rose 3.8% the same day
· −21.7% · the whole market fell 3.4% the same day
· −21.1% · the whole market rose 3.3% the same day
· −20.3% · the whole market fell 10.6% the same day
· −18.0% · the whole market fell 2.6% the same day
Earlier days
+4.60% market −0.11% Pandox rose sharply over the week, while the broader Stockholm market stayed roughly flat. Read →
Pandox rose sharply over the week, while the broader Stockholm market stayed roughly flat.
The move was big for the stock, about twice a normal five-day stretch.
The main driver appears to be the completion of the Dalata deal on Monday 2 November: Pandox sold Dalata's hotel operations business to Scandic for a 500 million euro underlying value and kept the 32 hotel properties.
The next company event is the earnings report on Thursday 4 February 2027.
+2.75% market +0.83% Pandox rose sharply, moving more than the market. Read →
Pandox rose sharply, moving more than the market.
Likely reason: it completed the sale of Dalata's hotel operations business to Scandic, which it announced earlier.
Over the last five trading days the shares rose sharply while the market rose slightly.
Pandox kept Dalata's hotel properties, which are leased to Scandic on 30-year rents.
The next earnings report is due 4 February 2027.
−0.71% market −0.08% Pandox fell on a day without a clear market move. Read →
Pandox fell on a day without a clear market move.
Pandox completed the sale of Dalata's hotel operations business to Scandic, which the company said it closed on the day before this session.
The stock's move was ordinary for Pandox.
Over the last five trading days, Pandox rose clearly while the OMX Stockholm 30 rose slightly.
The stock's rise likely reflects the completed Dalata deal, which left Pandox holding its hotel properties on long-term rent agreements.
+2.06% market +0.48% Pandox rose sharply, clearly more than the market. Read →
Pandox rose sharply, clearly more than the market.
Pandox completed the sale of Dalata's hotel operations business to Scandic that day.
The price paid is based on a company value of 500 million euros, and the cash went to repay acquisition debt.
Pandox keeps Dalata's 32 hotel properties, leased to Scandic on 30-year contracts with a guaranteed minimum rent.
Investors likely welcomed the deal closing and the debt reduction.
+1.47% market +3.01% Pandox rose slightly over the week, moving less than the broader Stockholm market, which rose clearly. Read →
Pandox rose slightly over the week, moving less than the broader Stockholm market, which rose clearly.
Within the week, Pandox also took over six German hotels from the bankrupt Revo Hospitality Group on Monday 26 October.
The Real Estate sector's median move was slightly negative, so the rise looks stock-specific rather than sector-driven.
Next up is the fourth-quarter report on Thursday 4 February 2027.
+1.49% market +0.96% Pandox rose clearly, moving more than the market. Read →
Pandox rose clearly, moving more than the market.
Pandox took six German hotels in-house after the Revo bankruptcy, which likely supported the move.
Over the last five trading days it rose slightly while the market was roughly flat.
Its earlier hotel sales and strong third-quarter results form the backdrop, but the news does not directly explain the session's rise.
Watch the Q4 report on Thursday 4 February 2027.
−1.09% market +0.41% Pandox fell clearly, moving against a slightly rising market. Read →
Pandox fell clearly, moving against a slightly rising market.
Its interim report came out before the session, and the sale of seven hotels was announced at the same time.
Over the last five trading days the stock was roughly unchanged, while the market fell sharply, so Pandox held up better than the index.
Trading volume was about four times a normal session, so the move drew heavy attention.
Analysts SB1 Markets and UBS both kept buy ratings, though UBS cut its price target, the share price it sees as fair.
+0.62% market −3.67% Pandox was roughly flat over the last five trading days, while the broader OMX Stockholm 30 index fell sharply, so Pandox held up better than the market. Read →
Pandox was roughly flat over the last five trading days, while the broader OMX Stockholm 30 index fell sharply, so Pandox held up better than the market.
Trading was heavy, well above normal.
The shares sit well below their highest close of the past year.
The main driver was the third-quarter report published yesterday, which showed strong growth in rental income and in earnings before interest, taxes, depreciation and amortisation (EBITDA), up about 30 percent.
+2.36% market −2.51% Pandox rose sharply after its strong third-quarter report and hotel sale Pandox rose sharply in the last session while the OMX Stockholm 30 index fell sharply, so it moved against the market. Read →
Pandox rose sharply after its strong third-quarter report and hotel sale Pandox rose sharply in the last session while the OMX Stockholm 30 index fell sharply, so it moved against the market.
The main driver was the quarterly report published that day, which showed leases revenue up 37 percent and cash earnings up 31 percent, and it also agreed to sell seven hotels for about MSEK 2,100, above book value.
Over the last five trading days Pandox rose clearly while the index fell clearly, so the rise was not a one-day event.
Its report-day move was about a normal size for a report day, and trading volume was well above usual.
Learn more · Why do stocks go up and down?