Arlandastad Group (OM:AGROUP) has put solid numbers on the table for Q2 2026, with revenue of SEK89 million and basic EPS of SEK1.8, while trailing twelve month revenue sits at SEK343.0 million and EPS at SEK3.16. Over recent quarters the company has seen revenue range between SEK79 million and SEK91 million per quarter, with basic EPS moving from a loss of SEK0.63 in Q1 2025 to a profit of SEK1.8 in Q2 2026, giving investors a clearer read on how earnings per share translate from the top line. With that backdrop, the latest results point to a business where margins and earnings quality, rather than just headline profit, are likely to be the focus.
See our full analysis for Arlandastad Group.With the numbers on the table, the next step is to see how Arlandastad Group’s reported performance lines up against the dominant market narratives that investors follow.
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Profit swings and one off gains shape Arlandastad Group EPS
- Across the last six quarters, Arlandastad Group’s net income moved from a loss of SEK40 million in Q1 2025 to a profit of SEK110 million in Q2 2026, while trailing twelve month net income, excluding extra items, totals SEK192.417 million on SEK343.036 million of revenue.
- Bulls often focus on the move into trailing profitability and point to the SEK192.417 million of net income as evidence of momentum. Yet the data also highlights that a SEK245.1 million one off gain materially lifted reported earnings, which means:
- Regained profitability over the last year and a trailing EPS of 3.158856 SEK support a bullish view that Arlandastad Group has turned a corner, but the large non recurring item means not all of that profit is from day to day operations.
- Earlier losses of SEK40 million and SEK28 million in Q1 2025 and Q1 2026 show that profit has been uneven, so anyone leaning on the headline trailing figures alone is not getting the full picture of earnings quality.
Q2 2026 margin picture and recurring performance
- In Q2 2026 Arlandastad Group generated SEK89 million of revenue and SEK110 million of net income, excluding extra items, compared with SEK86 million of revenue and a loss of SEK28 million in Q1 2026, and the trailing twelve month period shows SEK343.036 million of revenue against SEK192.417 million of net income.
- Skeptics who worry about a complex and cyclical business mix can point to the sharp swing from losses to profit to support a bearish angle, and the quarterly pattern gives them specific data to work with.
- The move from a SEK28 million loss in Q1 2026 to SEK110 million of profit in Q2 2026, alongside revenue that stayed in a tight SEK79 million to SEK91 million band over six quarters, suggests profit is sensitive to items outside simple top line movement.
- Over the six reported quarters, Arlandastad Group recorded losses in two periods and profits in four, which aligns with a bearish concern that earnings can be lumpy even when revenue appears relatively steady.
Valuation gap, P/E and dividend coverage
- Arlandastad Group trades on a trailing P/E of 11.5x, in line with the Swedish real estate industry average of 11.5x and below a peer average of 18.7x, while a DCF fair value of SEK82.62 compares with a current share price of SEK35 and the dividend yield is 4.43% with weak free cash flow coverage over the last 12 months.
- Supporters of a bullish view often highlight that combination of a lower peer relative P/E and a DCF fair value above the market price, but the same dataset also flags the cash flow strain behind the 4.43% dividend.
- The gap between the SEK35 share price and the DCF fair value of SEK82.62 is large, which positively frames the valuation angle for bulls, yet the fact that free cash flow has not comfortably covered the dividend means income focused investors may pause before relying on that payout.
- With forecasted earnings growth of about 21.7% per year and revenue growth of 4.4% per year in the dataset, valuation metrics appear supportive for optimistic investors, but the weak cash coverage of the dividend adds a practical risk that needs to be balanced against the headline upside case.
Next Steps
Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Arlandastad Group's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move.
If the mixed picture around Arlandastad Group leaves you torn between caution and optimism, act while the data is fresh and test the figures against your own expectations using the 3 key rewards and 2 important warning signs.
See What Else Is Out There
Arlandastad Group shows uneven earnings, one off gains and dividend payments that have not been comfortably backed by free cash flow over the last year.
If those lumps in profit and cash coverage worry you, you might prefer to look at companies highlighted in the solid balance sheet and fundamentals stocks screener (416 results), where financial resilience takes center stage.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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