Announcement • May 27
Stendörren Fastigheter AB (publ) Elects Lamia Youseff as Board Member Stendörren Fastigheter AB (publ) at its annual general meeting held on 26 May 2026, approved Lamia Youseff was newly elected, as board members for the time until the end of the next annual general meeting. Major Estimate Revision • May 06
Consensus EPS estimates increase by 39% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from kr1.20b to kr1.23b. EPS estimate increased from kr11.20 to kr15.61 per share. Net income forecast to grow 247% next year vs 3.2% growth forecast for Real Estate industry in Sweden. Consensus price target down from kr240 to kr223. Share price was steady at kr182 over the past week. Price Target Changed • May 05
Price target decreased by 10% to kr229 Down from kr255, the current price target is an average from 3 analysts. New target price is 29% above last closing price of kr178. Stock is down 11% over the past year. The company is forecast to post earnings per share of kr15.61 for next year compared to kr4.62 last year. Announcement • Apr 17
Stendörren Fastigheter AB (publ), Annual General Meeting, May 26, 2026 Stendörren Fastigheter AB (publ), Annual General Meeting, May 26, 2026, at 14:00 W. Europe Standard Time. Location: garnisonen konferens, k-markt, conference room chambre separee, at karlavagen 100, stockholm Sweden Major Estimate Revision • Apr 17
Consensus EPS estimates fall by 49% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr1.23b to kr1.20b. EPS estimate also fell from kr22.13 per share to kr11.19 per share. Net income forecast to grow 191% next year vs 5.7% decline forecast for Real Estate industry in Sweden. Consensus price target down from kr255 to kr240. Share price rose 5.1% to kr200 over the past week. Buy Or Sell Opportunity • Apr 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.8% to kr199. The fair value is estimated to be kr165, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 59%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 34% per annum over the same time period. Recent Insider Transactions • Mar 08
Director recently bought kr2.0m worth of stock On the 4th of March, Joakim Rubin bought around 10k shares on-market at roughly kr197 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr2.0m more in shares than they have sold in the last 12 months. Buy Or Sell Opportunity • Feb 26
Now 21% overvalued Over the last 90 days, the stock has fallen 7.0% to kr200. The fair value is estimated to be kr165, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 59%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 34% per annum over the same time period. New Risk • Feb 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 16% Last year net profit margin: 31% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin). Major Estimate Revision • Feb 06
Consensus EPS estimates increase by 29% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from kr8.86 to kr11.40. Revenue forecast steady at kr1.05b. Net income forecast to grow 158% next year vs 6.8% growth forecast for Real Estate industry in Sweden. Consensus price target broadly unchanged at kr258. Share price was steady at kr200 over the past week. Announcement • Dec 16
Stendörren Fastigheter AB (publ) (OM:STEF B) acquired Warehouse Property Yrittäjänkatu 4 in Järvenpää, Finland. Stendörren Fastigheter AB (publ) (OM:STEF B) acquired Warehouse Property Yrittäjänkatu 4 in Järvenpää, Finland on December 15, 2025.
The expected completion of the transaction is December 18, 2025.
Mrec Oy acted as financial advisor for Stendörren Fastigheter AB.
Stendörren Fastigheter AB (publ) (OM:STEF B) completed the acquisition of Warehouse Property Yrittäjänkatu 4 in Järvenpää, Finland on December 15, 2025. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr216, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Real Estate industry in Sweden. Total returns to shareholders of 8.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr112 per share. Recent Insider Transactions Derivative • Nov 10
Head of Development exercised options to buy kr173k worth of stock. On the 6th of November, Maria Jonsson exercised options to buy 900 shares at a strike price of around kr175, costing a total of kr158k. This transaction amounted to 42% of their direct individual holding at the time of the trade. Since December 2024, Maria's direct individual holding has increased from 1.90k shares to 2.15k. Company insiders have collectively bought kr204k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: kr1.96 (vs kr1.69 in 3Q 2024) Third quarter 2025 results: EPS: kr1.96 (up from kr1.69 in 3Q 2024). Revenue: kr263.0m (up 20% from 3Q 2024). Net income: kr61.0m (up 27% from 3Q 2024). Profit margin: 23% (up from 22% in 3Q 2024). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Major Estimate Revision • Jul 29
Consensus EPS estimates fall by 24%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from kr1.03b to kr1.06b. EPS estimate fell from kr18.37 to kr14.05 per share. Net income forecast to grow 155% next year vs 35% growth forecast for Real Estate industry in Sweden. Consensus price target up from kr244 to kr250. Share price rose 2.5% to kr207 over the past week. Reported Earnings • Jul 22
Second quarter 2025 earnings released: kr0.53 loss per share (vs kr2.99 profit in 2Q 2024) Second quarter 2025 results: kr0.53 loss per share (down from kr2.99 profit in 2Q 2024). Revenue: kr268.0m (up 21% from 2Q 2024). Net loss: kr17.0m (down 120% from profit in 2Q 2024). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • Jun 25
New major risk - Revenue and earnings growth Earnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 29% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Announcement • May 22
Stendörren Fastigheter AB (publ) Elects Tom Livelli as Board Member Stendörren Fastigheter AB (publ) at its annual general meeting held on 22 May 2025, announced Tom Livelli was newly elected as board member for the time until the end of the next annual general meeting. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: kr3.45 (vs kr1.09 in 1Q 2024) First quarter 2025 results: EPS: kr3.45 (up from kr1.09 in 1Q 2024). Revenue: kr248.0m (up 11% from 1Q 2024). Net income: kr107.0m (up 245% from 1Q 2024). Profit margin: 43% (up from 14% in 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Apr 17
Stendörren Fastigheter AB (publ), Annual General Meeting, May 22, 2025 Stendörren Fastigheter AB (publ), Annual General Meeting, May 22, 2025, at 14:00 W. Europe Standard Time. Location: at garnisonen conference room humlegarden, at karlavagen 100, stockholm Sweden Buy Or Sell Opportunity • Mar 28
Now 20% overvalued Over the last 90 days, the stock has fallen 7.9% to kr192. The fair value is estimated to be kr160, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Buy Or Sell Opportunity • Feb 24
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.8% to kr209. The fair value is estimated to be kr172, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Reported Earnings • Feb 19
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: kr9.73 (up from kr10.73 loss in FY 2023). Revenue: kr902.0m (up 7.0% from FY 2023). Net income: kr281.0m (up kr586.0m from FY 2023). Profit margin: 31% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. New Risk • Nov 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risk Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Reported Earnings • Oct 21
Third quarter 2024 earnings released: EPS: kr1.69 (vs kr2.25 loss in 3Q 2023) Third quarter 2024 results: EPS: kr1.69 (up from kr2.25 loss in 3Q 2023). Revenue: kr221.0m (up 3.3% from 3Q 2023). Net income: kr48.0m (up kr112.0m from 3Q 2023). Profit margin: 22% (up from net loss in 3Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Announcement • Oct 21
Stendörren Fastigheter AB (publ) to Report Fiscal Year 2024 Results on Feb 18, 2025 Stendörren Fastigheter AB (publ) announced that they will report fiscal year 2024 results on Feb 18, 2025 Announcement • Oct 16
Stendörren Fastigheter AB (publ) to Report Nine Months, 2024 Results on Oct 21, 2024 Stendörren Fastigheter AB (publ) announced that they will report nine months, 2024 results on Oct 21, 2024 Announcement • Sep 19
Stendörren Fastigheter AB (publ) (OM:STEF B) agreed to acquire Portfolio of Warehouse and Light Industrial Properties in Uppsala for approximately SEK 550 million. Stendörren Fastigheter AB (publ) (OM:STEF B) agreed to acquire Portfolio of Warehouse and Light Industrial Properties in Uppsala for approximately SEK 550 million on September 17, 2024. The transaction is expected to close on October 1, 2024. Reported Earnings • Jul 22
Second quarter 2024 earnings released: EPS: kr3.45 (vs kr1.58 loss in 2Q 2023) Second quarter 2024 results: EPS: kr3.45 (up from kr1.58 loss in 2Q 2023). Revenue: kr221.0m (up 5.7% from 2Q 2023). Net income: kr98.0m (up kr143.0m from 2Q 2023). Profit margin: 44% (up from net loss in 2Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • May 24
Stendörren Fastigheter AB (Publ) Approves Board Appointments Stendörren Fastigheter AB (publ) announced that annual general meeting held on 23 May 2024, Roniek Bannink and Joakim Rubin were newly elected, as board members for the time until the end of the next annual general meeting. Recent Insider Transactions • May 12
Independent Chairman of the Board recently bought kr449k worth of stock On the 6th of May, Andreas Philipson bought around 2k shares on-market at roughly kr180 per share. This transaction increased Andreas' direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Andreas' only on-market trade for the last 12 months. Reported Earnings • May 04
First quarter 2024 earnings released: EPS: kr2.01 (vs kr0.46 in 1Q 2023) First quarter 2024 results: EPS: kr2.01 (up from kr0.46 in 1Q 2023). Revenue: kr231.0m (up 8.5% from 1Q 2023). Net income: kr57.0m (up 339% from 1Q 2023). Profit margin: 25% (up from 6.1% in 1Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • May 01
Stendörren Fastigheter AB (publ) to Report Q1, 2024 Results on May 03, 2024 Stendörren Fastigheter AB (publ) announced that they will report Q1, 2024 results at 7:00 AM, Central European Standard Time on May 03, 2024 Announcement • Apr 21
Stendörren Fastigheter AB (publ), Annual General Meeting, May 23, 2024 Stendörren Fastigheter AB (publ), Annual General Meeting, May 23, 2024, at 14:00 Central European Standard Time. Location: Garnisonen, conference room Humlegården, at Karlavägen Stockholm Sweden Agenda: To consider the Presentation of the annual report and the auditors' report, as well as the consolidated financial statements and the auditors' report for the group for the financial year of 2023; to consider the adoption of the income statement and the balance sheet, as well as the consolidated income statement and the consolidated balance sheet for the financial year of 2023; to consider the discharge from liability of the members of the board of directors and the CEO; to consider the election of the members of the board of directors and chairman of the board of directors; and to consider other matters. Announcement • Apr 20
Stendörren Fastigheter AB (Publ) Announces Board Resignations Stendörren Fastigheter AB (publ) at its annual general meeting to be held on 23 May 2024, Henrik Orrbeck and Nisha Raghavan have declined re-election of board of directors. Recent Insider Transactions • Mar 10
Independent Director recently bought kr352k worth of stock On the 6th of March, Helena Levander bought around 2k shares on-market at roughly kr176 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr623k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 25
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: kr8.65 loss per share (down from kr7.39 profit in FY 2022). Revenue: kr854.0m (up 17% from FY 2022). Net loss: kr246.0m (down 217% from profit in FY 2022). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 96%. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Feb 20
Stendörren Fastigheter AB (publ) to Report Fiscal Year 2023 Results on Feb 23, 2024 Stendörren Fastigheter AB (publ) announced that they will report fiscal year 2023 results at 7:00 AM, Central European Standard Time on Feb 23, 2024 Buy Or Sell Opportunity • Jan 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 50% to kr190. The fair value is estimated to be kr158, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jan 19
Stendörren Fastigheter AB (publ)'s Board Members Henrik Orrbeck and Nisha Raghavan Declines Re-Election At the Annual General Meeting 2024 Stendörren Fastigheter AB's (publ) board members Henrik Orrbeck and Nisha Raghavan have informed the nomination committee that they are not available for re-election at the annual general meeting 2024. Henrik Orrbeck has been a board member of Stendörren since January 2019 and Nisha Raghavan has been a board member since January 2020. The nomination committee will initiate the recruitment of their successors. Price Target Changed • Jan 12
Price target increased by 29% to kr200 Up from kr155, the current price target is provided by 1 analyst. New target price is 8.2% above last closing price of kr185. Stock is down 15% over the past year. The company is forecast to post a net loss per share of kr5.38 compared to earnings per share of kr7.39 last year. Price Target Changed • Nov 10
Price target decreased by 23% to kr155 Down from kr201, the current price target is provided by 1 analyst. New target price is 13% above last closing price of kr137. Stock is down 33% over the past year. The company is forecast to post a net loss per share of kr3.63 compared to earnings per share of kr7.39 last year. Reported Earnings • Nov 09
Third quarter 2023 earnings released: kr2.25 loss per share (vs kr4.01 profit in 3Q 2022) Third quarter 2023 results: kr2.25 loss per share (down from kr4.01 profit in 3Q 2022). Revenue: kr215.0m (up 17% from 3Q 2022). Net loss: kr64.0m (down 156% from profit in 3Q 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Buying Opportunity • Oct 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be kr163, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Oct 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be kr165, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jul 20
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr219.0m (up 22% from 2Q 2022). Net loss: kr45.0m (down 126% from profit in 2Q 2022). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • May 28
CIO & Head of Business Development recently bought kr219k worth of stock On the 25th of May, Johan Malmberg bought around 1k shares on-market at roughly kr175 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr984k more in shares than they have sold in the last 12 months. Major Estimate Revision • May 12
Consensus estimates of losses per share improve by 36% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from kr865.8m to kr886.9m. EPS estimate increased from -kr6.87 per share to -kr4.41 per share. Real Estate industry in Sweden expected to see average net income decline 106% next year. Consensus price target broadly unchanged at kr197. Share price fell 5.0% to kr183 over the past week. Reported Earnings • May 07
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr212.0m (up 20% from 1Q 2022). Net income: kr44.0m (down 80% from 1Q 2022). Profit margin: 21% (down from 122% in 1Q 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to kr165, the stock trades at a trailing P/E ratio of 17.5x. Average forward P/E is 14x in the Real Estate industry in Sweden. Total returns to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr172 per share. Major Estimate Revision • Mar 02
Consensus EPS estimates fall by 22%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from kr836.9m to kr849.0m. Forecast EPS reduced from -kr5.65 to -kr6.87 per share. Real Estate industry in Sweden expected to see average net income decline 105% next year. Consensus price target of kr191 unchanged from last update. Share price rose 2.4% to kr196 over the past week. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: kr9.43 (vs kr40.76 in FY 2021) Full year 2022 results: EPS: kr9.43 (down from kr40.76 in FY 2021). Revenue: kr733.0m (up 12% from FY 2021). Net income: kr268.0m (down 77% from FY 2021). Profit margin: 37% (down from 176% in FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Dec 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Helena Levander was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr180, the stock trades at a trailing P/E ratio of 5.8x. Average forward P/E is 12x in the Real Estate industry in Sweden. Total returns to shareholders of 6.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr100 per share. Major Estimate Revision • Nov 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from kr12.16 to kr15.47. Revenue forecast steady at kr731.0m. Net income forecast to shrink 79% next year vs 79% decline forecast for Real Estate industry in Sweden. Consensus price target of kr191 unchanged from last update. Share price rose 2.8% to kr196 over the past week. Major Estimate Revision • Nov 10
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from kr12.16 to kr15.47. Revenue forecast steady at kr731.0m. Net income forecast to shrink 71% next year vs 79% decline forecast for Real Estate industry in Sweden. Consensus price target of kr196 unchanged from last update. Share price was steady at kr190 over the past week. Major Estimate Revision • Oct 07
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from kr23.84 to kr12.16 per share. Revenue forecast steady at kr736.6m. Net income forecast to shrink 61% next year vs 65% decline forecast for Real Estate industry in Sweden. Consensus price target of kr0 unchanged from last update. Share price fell 6.4% to kr162 over the past week. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 16% share price gain to kr171, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Real Estate industry in Sweden. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 17% share price gain to kr211, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 9x in the Real Estate industry in Sweden. Total returns to shareholders of 60% over the past three years. Major Estimate Revision • Jul 27
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from kr746.2m to kr737.5m. EPS estimate rose from kr17.39 to kr23.84. Net income forecast to shrink 61% next year vs 54% decline forecast for Real Estate industry in Sweden. Consensus price target of kr200 unchanged from last update. Share price rose 3.7% to kr170 over the past week. Price Target Changed • Jul 21
Price target decreased to kr202 Down from kr225, the current price target is an average from 2 analysts. New target price is 17% above last closing price of kr173. Stock is down 24% over the past year. The company is forecast to post earnings per share of kr17.39 for next year compared to kr40.76 last year. Major Estimate Revision • Jun 18
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from kr20.60 to kr17.39. Revenue forecast unchanged from kr739.0m at last update. Net income forecast to shrink 59% next year vs 50% decline forecast for Real Estate industry in Sweden. Consensus price target down from kr225 to kr215. Share price fell 7.7% to kr178 over the past week. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr181, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Real Estate industry in Sweden. Total returns to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr164 per share. Reported Earnings • Feb 24
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: kr42.61 (up from kr7.14 in FY 2020). Revenue: kr656.0m (flat on FY 2020). Net income: kr1.21b (up 499% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 29%. Over the next year, revenue is forecast to grow 5.8%, compared to a 12% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Board Change • Feb 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Nisha Raghavan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2021 earnings released Third quarter 2021 results: Revenue: kr159.0m (down 2.5% from 3Q 2020). Net income: kr254.0m (up 370% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Reported Earnings • Nov 11
Third quarter 2021 earnings released Third quarter 2021 results: Revenue: kr159.0m (down 2.5% from 3Q 2020). Net income: kr254.0m (up 370% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings.