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Brinova Fastigheter AB Class B
(BRIN.B)
Select Model
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Rating:56Neutral
Price Target:
kr11.50
▼(-26.75% Downside)
Action:Reiterated
Date:10/08/26
The score is held back primarily by balance-sheet risk (high leverage with low ROE) and weakening free cash flow, despite a strong TTM revenue and profitability rebound. Technicals are bearish/oversold with the price below key moving averages and negative MACD, while valuation is roughly mid-range with a ~14.6 P/E but no dividend yield data to provide additional support.
Positive Factors
Recurring rental-income model
Recurring rents provide a relatively durable revenue foundation because income is generated from leasing an established property portfolio rather than relying solely on transactions. Active tenant management, rent adjustments and occupancy efforts can support continuity and gradual growth over the next several quarters.
Negative Factors
Elevated leverage
Persistent leverage around 1.6x makes the company more exposed to refinancing conditions and interest costs, limiting flexibility when property earnings weaken. Although leverage did not spike recently, the debt-heavy capital structure remains a durable constraint on returns and capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental-income model
Recurring rents provide a relatively durable revenue foundation because income is generated from leasing an established property portfolio rather than relying solely on transactions. Active tenant management, rent adjustments and occupancy efforts can support continuity and gradual growth over the next several quarters.
Read all positive factors
Brinova Fastigheter AB Class B (BRIN.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr2.54B
Dividend YieldN/A
Average Volume (3M)47.60K
Price to Earnings (P/E)14.5
Beta (1Y)0.33
Revenue Growth57.31%
EPS Growth302.59%
CountrySE
Employees96
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.76
Shares Outstanding185,017,350
10 Day Avg. Volume65,543
30 Day Avg. Volume47,604
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
73
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.08B | 942.00M | 545.40M | 521.50M | 463.80M | 399.00M |
| Gross Profit | 691.90M | 625.40M | 351.50M | 338.80M | 288.50M | 251.90M |
| EBITDA | 668.20M | 505.90M | 277.40M | -203.20M | 498.90M | 594.30M |
| Net Income | 179.20M | 73.10M | 46.00M | -337.70M | 289.70M | 399.80M |
Balance Sheet | ||||||
| Total Assets | 19.20B | 19.39B | 8.67B | 8.54B | 8.89B | 7.88B |
| Cash, Cash Equivalents and Short-Term Investments | 142.10M | 108.10M | 31.00M | 125.90M | 173.70M | 69.80M |
| Total Debt | 11.13B | 11.46B | 5.26B | 5.19B | 5.16B | 4.53B |
| Total Liabilities | 11.90B | 12.22B | 5.80B | 5.71B | 5.73B | 5.02B |
| Stockholders Equity | 7.30B | 7.17B | 2.87B | 2.82B | 3.16B | 2.86B |
Cash Flow | ||||||
| Free Cash Flow | 195.40M | 294.20M | 95.60M | 136.10M | 1.67B | 146.50M |
| Operating Cash Flow | 197.40M | 297.40M | 95.90M | 136.90M | 1.68B | 147.30M |
| Investing Cash Flow | -141.50M | -352.30M | -255.40M | -278.40M | -4.98B | -923.70M |
| Financing Cash Flow | 42.10M | 132.20M | 64.60M | 93.70M | 4.34B | 732.70M |
Brinova Fastigheter AB Class B Technical Analysis
Negative
15.70
Price Trends
12.34
Negative
12.82
Negative
13.52
Negative
Market Momentum
-0.38
Positive
28.58
Positive
7.43
Positive
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 11.75, above the 50-day MA of 12.34, and above the 200-day MA of 13.52, indicating a bearish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 28.58 is Positive, neither overbought nor oversold. The STOCH value of 7.43 is Positive, 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | kr4.09B | 13.67 | ― | 3.00% | 10.93% | -8.55% | |
65 Neutral | kr1.52B | 4.54 | ― | 2.81% | 4.35% | 152.83% | |
56 Neutral | kr2.54B | 14.53 | 2.48% | ― | 57.31% | 302.59% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | kr2.22B | 22.95 | 2.07% | ― | 58.05% | ― | |
46 Neutral | kr4.31B | -0.93 | -16.64% | 10.53% | -9.60% | -46.68% |
* General Sector Average
SE:BRIN.B
Brinova Fastigheter AB Class B
11.00
-4.60
-29.49%
SE:FNOVA.B
Fortinova Fastigheter AB
21.40
-3.10
-12.65%
SE:CORE.D
Corem Property Group AB Class D
190.00
-31.09
-14.06%
SE:KFAST.B
K-Fast Holding AB Class B
9.87
-4.51
-31.36%
SE:GPG
Genova Property Group AB
32.00
-5.62
-14.95%
SE:EAST
Eastnine AB
41.35
-4.91
-10.62%
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.