Samhallsbyggnadsbolaget I Norden AB Class B (SBB.B) AI Stock Analysis

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Samhallsbyggnadsbolaget I Norden AB Class B

(Nasdaq OMX AB:SBB.B)

Select Model

Rating:38Underperform

Price Target:SEK 2.00▼(-12.66% Downside)

Action:downgraded

Date:10/17/26

The overall score is critically low, driven primarily by severe financial distress including negative cash flows and high leverage, compounded by a deeply bearish technical trend and a negative P/E ratio. The company's inability to generate cash and its unprofitability are the most significant risks, with no positive signals from valuation or corporate events to offset the weakness.

Positive Factors

Public-service property focusA portfolio centered on education, healthcare, and government-related premises gives the company exposure to essential community services. This focus can support durable relevance for its properties and provides a clear, specialized business model across the Nordic real estate market over multiple quarters.

Negative Factors

Persistent revenue declineA multi-year revenue decline points to sustained pressure on the scale of the business rather than a single-period fluctuation. Lower revenue can weaken operating leverage, reduce resources available for investment, and make it harder to absorb fixed property and financing costs over the next several quarters.

Samhallsbyggnadsbolaget I Norden AB Class B (SBB.B) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 4.31B
Dividend Yield: ―
Average Volume (3M): 9.58M
Price to Earnings (P/E): -1.1
Beta (1Y): 0.77
Revenue Growth: -30.28%
EPS Growth: ―
Country: Sweden
Employees: 229
Sector: Real Estate
Sector Strength: 65
Industry: Real Estate - Development

Samhallsbyggnadsbolaget I Norden AB Class B Business Overview & Revenue Model

Company Description

Founded in 2014 and based in Stockholm, Sweden, Samhällsbyggnadsbolaget i Norden AB (publ) is a real estate firm operating across the Nordic region. The company specializes in the acquisition, development, and management of a diverse property portfol...

Samhallsbyggnadsbolaget I Norden AB Class B Financial Statement Overview

Summary

Financial health is weak. While gross margins are robust (~69%) and debt has been reduced, the company suffers from persistent net losses (net margin -157%), negative operating and free cash flow, and high leverage (debt-to-equity 3.9x). The inability to generate positive cash flow is a critical risk.

Income Statement

20Very Negative

Balance Sheet

25Negative

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.29B	2.00B	3.71B	4.58B	7.45B	5.93B
Gross Profit	1.52B	1.29B	2.57B	3.21B	4.86B	4.06B
EBITDA	2.84B	4.01B	-5.77B	-19.31B	-9.89B	29.58B
Net Income	-3.87B	-2.33B	-6.03B	-22.05B	-11.10B	24.58B
Balance Sheet
Total Assets	67.74B	69.41B	86.78B	108.11B	168.37B	194.52B
Cash, Cash Equivalents and Short-Term Investments	2.56B	4.98B	2.88B	4.23B	3.71B	8.58B
Total Debt	39.54B	48.77B	56.30B	62.49B	87.91B	88.63B
Total Liabilities	42.41B	52.19B	60.42B	70.98B	105.03B	111.44B
Stockholders Equity	19.74B	11.56B	20.72B	34.68B	60.64B	79.19B
Cash Flow
Free Cash Flow	-1.24B	-677.00M	-270.00M	1.27B	2.12B	4.59B
Operating Cash Flow	-1.24B	-674.00M	-226.00M	1.35B	2.12B	4.62B
Investing Cash Flow	10.63B	11.69B	8.35B	10.13B	-1.09B	-27.95B
Financing Cash Flow	-10.01B	-8.71B	-9.49B	-12.05B	-6.44B	19.53B

Samhallsbyggnadsbolaget I Norden AB Class B Technical Analysis

Technical Analysis SentimentNegative

Last Price2.29

Price Trends

50DMA2.59Negative

100DMA2.96Negative

200DMA3.34Negative

Market Momentum

MACD-0.08Negative

RSI43.81Neutral

STOCH64.03Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SBB.B, the sentiment is Negative. The current price of 2.29 is below the 20-day moving average (MA) of 2.35, below the 50-day MA of 2.59, and below the 200-day MA of 3.34, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 43.81 is Neutral, neither overbought nor oversold. The STOCH value of 64.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SBB.B.

Samhallsbyggnadsbolaget I Norden AB Class B Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

SE:SBB.B against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:CAST	67Neutral	SEK 58.01B	22.71	3.85%	1.84%	-2.65%	-3.94%
SE:WALL.B	67Neutral	SEK 25.01B	8.49	8.97%	1.41%	1.91%	60.26%
SE:SFAST	66Neutral	SEK 3.73B	7.07	8.61%	2.34%	3.93%	63.13%
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SE:BALD.B	63Neutral	SEK 62.86B	9.30	6.66%	―	3.84%	-25.46%
SE:ATRLJ.B	53Neutral	SEK 14.22B	23.30	2.13%	4.95%	8.14%	-44.09%
SE:SBB.B	38Underperform	SEK 4.31B	-1.11	-23.45%	―	-30.28%	―

* Real Estate Sector Average

Performance Comparison

SE:SBB.B and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:SBB.B	Samhallsbyggnadsbolaget I Norden AB Class B	2.29	-1.93	-45.77%
SE:CAST	Castellum AB	134.70	28.78	27.17%
SE:BALD.B	Fastighets AB Balder	52.56	-11.09	-17.42%
SE:WALL.B	Wallenstam AB	39.14	-3.37	-7.93%
SE:ATRLJ.B	Atrium Ljungberg AB Class B	22.20	-10.39	-31.89%
SE:SFAST	Stenhus Fastigheter i Norden AB	11.10	0.78	7.58%

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.

Date of analysis: Oct 17, 2026

Samhallsbyggnadsbolaget I Norden AB Class B AI Stock Analysis