profit from every SEK 100 of sales.
SEK 0SEK 100
JM
SEK 130.00+0.62% today
-1.5% in 1 year
1-year low SEK 108.801-year high SEK 149.50
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay SEK 149.74 for every SEK 1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What JM sold, what it kept, and what it did with the cash.
Sales went from SEK 14.6 billion in 2022 to SEK 10.7 billion in 2025, with SEK 56.0 million of profit last year.
SalesProfit
JM handed back 15% of the cash it generated last year.
SEK 210M
Free cash flow 2025SEK 1.4B
Bought back its own shares–
Paid as dividendsSEK 210M
Cash vs. debtSEK 580M vs. SEK 11.1B
JM vs. similar companies
JM grows the slowest of these 5 and is the most expensive for its profits.
| Company | Profit from SEK 100 of sales | Sales growth a year | Price per SEK 1 of profit |
|---|---|---|---|
| JM | 149.7× · Very expensive | ||
 D.R. Horton | 11.0× · Cheap | ||
 PulteGroup | 10.5× · Cheap | ||
 Lennar | 9.6× · Cheap | ||
 NVR | 11.6× · Cheap |
AI analysis
An AI analyst reads JM's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 14,577 | 15,969 | 14,272 | 10,691 | |
| 3,096 | 2,764 | 1,632 | 1,261 | |
| 1,988 | 1,766 | 689 | 346 | |
| 2,102 | 1,935 | 904 | 552 | |
| 1,495 | 1,029 | 353 | 56 | |
| 22.20 | 15.95 | 5.47 | 0.87 | |
| 21.2% | 17.3% | 11.4% | 11.8% | |
| 13.6% | 11.1% | 4.8% | 3.2% | |
| 10.3% | 6.4% | 2.5% | 0.5% |
Balance sheet
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 31,919 | 30,073 | 25,163 | 23,715 |
| Cash | 2,151 | 1,673 | 506 | 580 |
| Total debt | 16,371 | 16,459 | 12,005 | 11,058 |
| Total liabilities | 23,880 | 22,102 | 16,993 | 15,781 |
| 8,039 | 7,971 | 8,170 | 7,934 | |
| 67 | 65 | 65 | 65 | |
| 6.5% | 5.0% | 2.8% | 1.4% | |
| 18.6% | 12.9% | 4.3% | 0.7% |
Cash flow
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -1,912 | 1,057 | 3,471 | 1,395 | |
| 4 | 1 | 24 | 21 | |
| -1,916 | 1,056 | 3,447 | 1,374 | |
| Dividends paid | 922 | 903 | 194 | 210 |
| 825 | 0 | – | – | |
| – | – | – | – |
Valuation
- 149.7×
- –
- –
- 0.9×
- 0.8×
- 6.1×
- 34.2×
- 16.4%
- 0.7%
- 2.5%
Profitability
- 11.8%
- 3.2%
- 0.5%
- –
- 1.4%
- 3.9%
- –
- –
- –
- –
Growth
- −9.8%
- −66.0%
- –
- –
- −1.4%
Financial health
- 19.0×
- 1.39
- –
- 1.6×
- 1.76
- –
- –
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 12%of 982
Bottom 19%of 994
Bottom 2%of 853
Bottom 4%of 993
Top 10%of 980
2.5%of the share price, paid each year
On $1,000 invested$25a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
375.0% of its profit
Room to growStretchedMore than it earns: 15.3%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
25No pass
Benjamin Graham
52No pass
Philip Fisher
11No pass
Peter Lynch
12No pass
Joel Greenblatt
1No pass
Charlie Munger
12No pass
Terry Smith
14No pass
Questions about JM
Is JM a good stock to buy?
A business with weak numbers, priced as if everything goes right. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the JM AI analysis
What does JM do?
JM AB (publ) constructs, develops, and sells housing and residential areas in the Nordic region. The company operates through JM Residential Stockholm, JM Residential Sweden, JM Norway, JM Finland, and JM Property Development segments. It is in Residential Construction, based in Solna, Sweden, with 1,871 employees.
Does JM pay a dividend?
Yes. At today's price the dividend is 2.5% a year. In 2025 it paid out SEK 210 million in dividends.
Is JM stock halal?
No. JM does not pass our halal screen: its debt is 132% of its market value, at or above the 33% limit. How we check
How has JM stock done over the past year?
Down 1.5% over the past twelve months, to SEK 130.00. It traded between SEK 108.80 and SEK 149.50 and is 13.0% below its high.
Who are JM's competitors?
The largest listed companies in the same industry are D.R. Horton, PulteGroup, Lennar and NVR. The peers table on this page compares their profit, growth and price with JM's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.