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Fabege AB
(FABG)
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Rating:57Neutral
Price Target:
kr67.00
▼(-9.64% Downside)
Action:Reiterated
Date:10/23/26
The score is mainly supported by improved TTM financial performance (revenue rebound, strong profitability, and healthy free cash flow), but is held back by weaker technicals (below key moving averages with negative MACD) and a demanding valuation (high P/E), with leverage and historical earnings volatility adding risk.
Positive Factors
Revenue and Profitability Rebound
The TTM revenue rebound and strong reported margin indicate improved operating performance across Fabege’s property portfolio. If maintained, better profitability can strengthen internal funding for leasing, redevelopment, and new projects while supporting earnings resilience over the next several quarters.
Negative Factors
Elevated Leverage
Debt near the level of equity reduces financial flexibility for a property company whose assets and financing needs can be sensitive to market conditions. Higher leverage may constrain investment capacity and increase pressure on cash flows when financing costs rise or asset values weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profitability Rebound
The TTM revenue rebound and strong reported margin indicate improved operating performance across Fabege’s property portfolio. If maintained, better profitability can strengthen internal funding for leasing, redevelopment, and new projects while supporting earnings resilience over the next several quarters.
Read all positive factors
Fabege AB (FABG) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr19.16B
Dividend Yield3.35%
Average Volume (3M)831.14K
Price to Earnings (P/E)19.5
Beta (1Y)0.54
Revenue Growth26.56%
EPS Growth260.82%
CountrySE
Employees218
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)3.29
Shares Outstanding314,577,100
10 Day Avg. Volume660,105
30 Day Avg. Volume831,141
Financial Highlights & Ratios
PEG Ratio-1.18
Price to Book (P/B)0.69
Price to Sales (P/S)6.91
P/FCF Ratio14.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr60.70Price Target Upside-18.14% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering3
EPS Forecast (FY)4.51
Revenue Forecast (FY)kr3.57B
Fabege AB Business Overview & Revenue Model
Company Description
Fabege AB (publ) is a Swedish real estate enterprise primarily focused on the development, investment, and comprehensive management of commercial properties. Its diverse portfolio spans various asset classes, including offices, retail spaces, indu...
How the Company Makes Money
Fabege makes money primarily by generating rental income from its investment property portfolio. Tenants (typically businesses) pay contracted rents for office and other commercial space, and this recurring lease revenue is supported by property-r...
Fabege AB Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
58
Neutral
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.52B | 3.76B | 3.67B | 3.93B | 3.33B | 2.95B |
| Gross Profit | 2.65B | 2.49B | 2.53B | 2.48B | 2.16B | 2.18B |
| EBITDA | 2.12B | 538.00M | 940.00M | -6.38B | 3.68B | 7.23B |
| Net Income | 1.03B | -348.00M | -213.00M | -5.52B | 2.38B | 5.40B |
Balance Sheet | ||||||
| Total Assets | 84.48B | 83.09B | 84.11B | 83.22B | 92.08B | 87.99B |
| Cash, Cash Equivalents and Short-Term Investments | 282.00M | 131.00M | 164.00M | 183.00M | 183.00M | 227.00M |
| Total Debt | 36.17B | 36.01B | 35.77B | 33.93B | 34.59B | 31.49B |
| Total Liabilities | 46.49B | 45.61B | 45.66B | 43.98B | 46.57B | 42.81B |
| Stockholders Equity | 37.99B | 37.48B | 38.45B | 39.24B | 45.51B | 45.17B |
Cash Flow | ||||||
| Free Cash Flow | 2.73B | 1.73B | 1.64B | 1.57B | 5.25B | 3.76B |
| Operating Cash Flow | 2.75B | 1.74B | 1.64B | 1.57B | 1.99B | 1.52B |
| Investing Cash Flow | -1.97B | -1.19B | -2.46B | -332.00M | -3.23B | -2.98B |
| Financing Cash Flow | -613.00M | -589.00M | 805.00M | -1.24B | 1.20B | 1.57B |
Fabege AB Technical Analysis
Negative
74.15
Price Trends
68.04
Negative
71.28
Negative
74.70
Negative
Market Momentum
-0.88
Negative
43.80
Neutral
61.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FABG, the sentiment is Negative. The current price of 74.15 is above the 20-day moving average (MA) of 64.43, above the 50-day MA of 68.04, and below the 200-day MA of 74.70, indicating a neutral trend. The MACD of -0.88 indicates Negative momentum. The RSI at 43.80 is Neutral, neither overbought nor oversold. The STOCH value of 61.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:FABG.
Fabege AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | kr20.94B | 8.76 | 9.72% | 4.85% | 6.80% | 7.08% | |
67 Neutral | kr14.96B | 12.78 | 6.96% | 3.74% | -2.40% | 118.68% | |
63 Neutral | kr7.36B | 8.94 | 6.16% | 3.58% | 0.51% | 16.31% | |
57 Neutral | kr19.16B | 19.51 | 2.75% | 3.35% | 26.56% | 260.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | kr4.38B | -1.23 | -14.22% | 11.06% | -9.90% | -11.41% |
* General Sector Average
SE:FABG
Fabege AB
64.20
-18.00
-21.90%
SE:WIHL
Wihlborgs Fastigheter AB
68.10
-21.72
-24.18%
SE:PLAZ.B
Platzer Fastigheter Holding AB
61.40
-10.65
-14.78%
SE:CORE.D
Corem Property Group AB Class D
180.80
-38.46
-17.54%
SE:ALTRA
Nyfosa AB
77.55
-2.88
-3.58%
Fabege AB Corporate Events
Fabege boosts earnings on property gains and growing residential development
Oct 21, 2026
Fabege reported third-quarter rental income of SEK 884m and net operating income of SEK 676m, with net lettings turning positive at SEK 55m and a surplus ratio of 76 per cent, signalling resilient performance in its core Stockholm commercial portf...
Fabege to present Jan–Sep 2026 interim report via audiocast
Sep 30, 2026
Fabege AB will publish its interim report for January to September 2026 on Wednesday, 21 October 2026 at 07:30 CET. The commercial property developer is inviting investors, analysts and other stakeholders to an English-language audiocast and telec...
Major Shareholders Shape Fabege’s Governance Ahead of 2027 AGM
Sep 21, 2026
Fabege AB has appointed its Nomination Committee ahead of the 2027 Annual General Meeting, with representatives from major shareholders Backahill AB, Norwegian Property ASA, Folksam and Swedbank Robur Funds. The committee, which collectively repre...
Fabege reshapes executive team as leadership lineup is streamlined
Aug 26, 2026
Fabege has announced changes to its executive management team, with Head of Technical Operations Fred Grönvall and Head of Business Development Johan Zachrisson set to leave the company and the management group as of 1 September 2026. At the ...
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.