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Brinova Fastigheter AB Class B
(BRIN.B)
Select Model
Select Model
Rating:57Neutral
Price Target:
kr11.50
▼(-26.75% Downside)
Action:Reiterated
Date:10/27/26
The score is driven primarily by improving financial performance (revenue growth, profitability recovery, and consistently positive free cash flow) but is held back by elevated leverage and volatility. Technicals are a notable drag due to a weak price trend (below key moving averages with negative MACD). Valuation is supportive with a moderate-to-low P/E, though dividend support cannot be assessed.
Positive Factors
Recurring rental model
Recurring rental income provides a durable base for revenue because it is generated through ongoing leases rather than relying solely on property sales. Brinova’s active leasing, tenant management and asset operations can support occupancy and recurring net operating income over the next several quarters.
Negative Factors
Elevated leverage
Leverage at this level makes financial outcomes more sensitive to weaker property valuations and less favorable financing conditions. Debt can amplify returns when markets are supportive, but it also reduces flexibility and increases the downside impact of weaker operating or valuation performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental model
Recurring rental income provides a durable base for revenue because it is generated through ongoing leases rather than relying solely on property sales. Brinova’s active leasing, tenant management and asset operations can support occupancy and recurring net operating income over the next several quarters.
Read all positive factors
Brinova Fastigheter AB Class B (BRIN.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr2.58B
Dividend YieldN/A
Average Volume (3M)46.19K
Price to Earnings (P/E)11.8
Beta (1Y)0.31
Revenue Growth33.83%
EPS Growth31.99%
CountrySE
Employees96
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.95
Shares Outstanding185,017,350
10 Day Avg. Volume35,140
30 Day Avg. Volume46,193
Financial Highlights & Ratios
PEG Ratio-1.56
Price to Book (P/B)0.51
Price to Sales (P/S)3.86
P/FCF Ratio12.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.18
Revenue Forecast (FY)kr1.10B
Brinova Fastigheter AB Class B Business Overview & Revenue Model
Company Description
Brinova Fastigheter AB (publ), founded in 2011 and based in Helsingborg, Sweden, focuses on the acquisition, enhancement, and operation of residential rental units and public-use real estate throughout southern Sweden. The company further extends ...
How the Company Makes Money
Brinova makes money primarily through recurring rental income generated by leasing space in its property portfolio to tenants. Revenue is driven by (1) contracted rents from residential units and leased commercial/community premises, (2) indexatio...
Brinova Fastigheter AB Class B Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
52
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.09B | 942.00M | 545.40M | 521.50M | 463.80M | 399.00M |
| Gross Profit | 694.30M | 625.40M | 351.50M | 338.80M | 288.50M | 251.90M |
| EBITDA | 746.50M | 505.90M | 277.40M | -203.20M | 498.90M | 594.30M |
| Net Income | 223.00M | 73.10M | 46.00M | -337.70M | 289.70M | 399.80M |
Balance Sheet | ||||||
| Total Assets | 19.28B | 19.39B | 8.67B | 8.54B | 8.89B | 7.88B |
| Cash, Cash Equivalents and Short-Term Investments | 103.60M | 108.10M | 31.00M | 125.90M | 173.70M | 69.80M |
| Total Debt | 11.07B | 11.46B | 5.26B | 5.19B | 5.16B | 4.53B |
| Total Liabilities | 11.86B | 12.22B | 5.80B | 5.71B | 5.73B | 5.02B |
| Stockholders Equity | 7.42B | 7.17B | 2.87B | 2.82B | 3.16B | 2.86B |
Cash Flow | ||||||
| Free Cash Flow | 207.00M | 294.20M | 95.60M | 136.10M | 1.67B | 146.50M |
| Operating Cash Flow | 208.90M | 297.40M | 95.90M | 136.90M | 1.68B | 147.30M |
| Investing Cash Flow | -90.40M | -352.30M | -255.40M | -278.40M | -4.98B | -923.70M |
| Financing Cash Flow | -141.50M | 132.20M | 64.60M | 93.70M | 4.34B | 732.70M |
Brinova Fastigheter AB Class B Technical Analysis
Negative
15.70
Price Trends
11.86
Negative
12.46
Negative
13.18
Negative
Market Momentum
-0.15
Negative
40.91
Neutral
53.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BRIN.B, the sentiment is Negative. The current price of 15.7 is above the 20-day moving average (MA) of 11.21, above the 50-day MA of 11.86, and above the 200-day MA of 13.18, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 40.91 is Neutral, neither overbought nor oversold. The STOCH value of 53.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BRIN.B.
Brinova Fastigheter AB Class B Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | kr1.41B | 3.97 | ― | 3.00% | 6.60% | 34.05% | |
59 Neutral | kr4.12B | 12.32 | ― | 2.94% | 2.27% | -18.57% | |
57 Neutral | kr2.58B | 11.83 | 3.06% | ― | 33.83% | 31.99% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | kr2.29B | 11.37 | 4.31% | ― | 40.50% | 426.01% | |
46 Neutral | kr4.41B | -1.24 | -14.22% | 11.06% | -9.90% | -11.41% |
* General Sector Average
SE:BRIN.B
Brinova Fastigheter AB Class B
11.20
-5.15
-31.50%
SE:FNOVA.B
Fortinova Fastigheter AB
19.90
-6.60
-24.91%
SE:CORE.D
Corem Property Group AB Class D
180.80
-40.29
-18.22%
SE:KFAST.B
K-Fast Holding AB Class B
10.26
-4.18
-28.95%
SE:GPG
Genova Property Group AB
30.00
-9.19
-23.44%
SE:EAST
Eastnine AB
42.15
-7.23
-14.64%
Brinova Fastigheter AB Class B Corporate Events
Brinova lifts earnings as acquisitions and high occupancy drive growth
Oct 23, 2026
Brinova Fastigheter AB reported strong growth for January–September 2026, with rental income up 22 percent, mainly driven by the acquisition of K-Fastigheter Syd’s property portfolio. Net operating surplus rose 15 percent and profit fr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.