JM as an investment

Over the past five years, JM has had an average total return of – 5 percent. The share is volatile, but it has created good total return in the long run. Over the past ten years, the total return has been 1 percent, which is somewhat lower than the average for comparable companies.
See page 8 in JM Annual and Sustainability Report 2024.

JM has for a long time delivered well in line with the dividend policy, combined with multiple capital distributions. Value transfers to the shareholders amounted over the past five years to SEK5.0bn, of which SEK 3.8bn through dividends and SEK 1.2bn through acquisition and elimination of own shares (buy-back).
See page 8 in JM Annual and Sustainability Report 2024.

JM has a strong financial position with an equity/assets ratio of 47–57 percent (excluding surplus values) over the past five years. A strong equity/assets ratio is a prerequisite for stable and cost-effective financing of ongoing housing production. At the same time, the risk capital including the surplus values should be optimized over the economic cycle.
See page 8 in JM Annual and Sustainability Report 2024.

JM has 37,400 building rights for future project development, of which 21,700 are reported in the balance sheet. The surplus value compared to the carrying amount of the building rights in the balance sheet amounts to SEK 5.2bn based on external assessment. The surplus value is part of JM’s risk capital and indicates future profit potential.
See page 8 in JM Annual and Sustainability Report 2024.