Byggmästare Anders J Ahlström Holding is an investment company with the goal of creating long-term value for shareholders as well as for society and other stakeholders. The company focuses on small and medium-sized companies, listed as well as unlisted. The operations are primarily concentrated in Sweden and the rest of the Nordic region. The company was founded in 1898 and has its headquarters in Stockholm.
We consider the move as directionally right for Byggmästaren — low cost, contained downside, and consistent with its active-ownership model — while we believe the actual value creation is a bet on integration rather than a given.
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Byggmästaren's CEO Tomas Bergström will be joining Verneri Pulkkinen as a guest on ROAST. The live stream kicks off on Thursday, May 7, 2026 at 2:00 PM Swedish time, 3:00 PM Finnish time.
Byggmästaren Anders J Ahlströms substansvärde minskade med 9 % till 67,6 kr per aktie under Q1 2026 (+2 % justerat för extrautdelning), främst till följd av svag utveckling i Green Landscaping och Fasticon som påverkas av en svagare konjunktur. Samtidigt...
At the current share price of SEK 52.5, the stock trades at a discount of ~19% to our estimated NAV, below the 5-year historical average discount of 9%, a gap we view as excessive given Byggmästaren's portfolio composition, balance sheet strength, and track record.
