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Samhallsbyggnadsbolaget I Norden AB Class B
(SBB.B)
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Rating:45Neutral
Price Target:
kr2.50
▼(-19.35% Downside)
Action:Reiterated
Date:07/17/26
The score is primarily weighed down by weak financial performance (shrinking revenue, large ongoing losses, high leverage, and negative operating/free cash flow). Technicals are mixed—some positive momentum signals, but the stock remains below major moving averages—while valuation is constrained by a negative P/E and no stated dividend yield.
Positive Factors
Public-sector property focus
Exposure to municipalities and publicly funded services can support stable occupancy and predictable rental cash flows. This tenant focus gives SBB a durable operating base and may reduce demand volatility compared with more cyclical commercial property segments over the next several quarters.
Negative Factors
Sustained revenue decline
A multi-year revenue contraction signals pressure on the scale of the operating platform rather than a single temporary fluctuation. Shrinking rental and property-related revenue reduces the base available to cover fixed costs, interest obligations, and investment needed to restore growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Public-sector property focus
Exposure to municipalities and publicly funded services can support stable occupancy and predictable rental cash flows. This tenant focus gives SBB a durable operating base and may reduce demand volatility compared with more cyclical commercial property segments over the next several quarters.
Read all positive factors
Samhallsbyggnadsbolaget I Norden AB Class B (SBB.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr5.04B
Dividend Yield25.26%
Average Volume (3M)9.09M
Price to Earnings (P/E)―
Beta (1Y)0.95
Revenue Growth-30.28%
EPS GrowthN/A
CountrySE
Employees229
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-2.06
Shares Outstanding1,409,200,100
10 Day Avg. Volume11,042,477
30 Day Avg. Volume9,090,759
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.92
Price to Sales (P/S)5.34
P/FCF Ratio-15.74
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)0.2
Revenue Forecast (FY)kr2.22B
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 port...
How the Company Makes Money
SBB’s earnings are primarily generated from real estate operations. The core revenue stream is rental income from leasing its properties to tenants, with a material portion historically tied to long-duration leases and tenants connected to the pub...
Samhallsbyggnadsbolaget I Norden AB Class B Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
33
Negative
Cash Flow
20
Very Negative
| 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 | -14.23B | 28.01B |
| 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
Negative
3.10
Price Trends
3.15
Negative
3.28
Negative
3.73
Negative
Market Momentum
-0.10
Positive
34.51
Neutral
19.26
Positive
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 3.1 is above the 20-day moving average (MA) of 2.97, below the 50-day MA of 3.15, and below the 200-day MA of 3.73, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 34.51 is Neutral, neither overbought nor oversold. The STOCH value of 19.26 is Positive, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | kr56.41B | 22.63 | 3.68% | 1.98% | -1.19% | 2.93% | |
72 Outperform | kr56.56B | 7.70 | 7.35% | ― | 4.06% | 14.75% | |
71 Outperform | kr23.89B | 8.69 | 8.25% | 1.52% | 2.45% | 194.60% | |
69 Neutral | kr3.87B | 7.86 | 8.61% | 2.71% | 5.55% | 130.73% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
56 Neutral | kr15.22B | 26.19 | 2.03% | 4.65% | 6.33% | -18.63% | |
45 Neutral | kr5.04B | -1.34 | -23.45% | 25.26% | -30.28% | ― |
* Real Estate Sector Average
SE:SBB.B
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11.55%
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.