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Sveafastigheter AB
(SVEAF)
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Rating:54Neutral
Price Target:
kr34.00
▲(10.21% Upside)
Action:Reiterated
Date:07/17/26
The score is led by an improving TTM financial picture (strong margins and positive free cash flow) but held back by a weak technical setup (price below key moving averages and negative MACD) and balance-sheet risk from meaningful leverage with modest ROE. Valuation is neutral with a mid-range P/E and no dividend yield data to provide additional support.
Positive Factors
Strong TTM revenue rebound and high margins
A ~250% TTM revenue rebound together with gross (~64%) and net (~21%) margins indicates the company has recently re-established profitable operations at scale. Durable margins across the portfolio point to underlying pricing power in rental operations and improved operational leverage over the next several quarters.
Negative Factors
Meaningful leverage on the balance sheet
A debt-to-equity ratio near 0.87 reflects material leverage for an asset-heavy real estate business. That level increases sensitivity to interest rates and refinancing risk, constrains financial flexibility for acquisitions or capex, and raises the importance of consistent cash generation to service obligations.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong TTM revenue rebound and high margins
A ~250% TTM revenue rebound together with gross (~64%) and net (~21%) margins indicates the company has recently re-established profitable operations at scale. Durable margins across the portfolio point to underlying pricing power in rental operations and improved operational leverage over the next several quarters.
Read all positive factors
Sveafastigheter AB (SVEAF) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr6.22B
Dividend YieldN/A
Average Volume (3M)591.25K
Price to Earnings (P/E)13.8
Beta (1Y)0.58
Revenue Growth7.77%
EPS GrowthN/A
CountrySE
Employees172
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)2.26
Shares Outstanding200,000,000
10 Day Avg. Volume636,214
30 Day Avg. Volume591,245
Financial Highlights & Ratios
PEG Ratio-0.92
Price to Book (P/B)0.55
Price to Sales (P/S)5.31
P/FCF Ratio12.41
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)1.93
Revenue Forecast (FY)kr1.64B
Sveafastigheter AB Business Overview & Revenue Model
Company Description
Sveafastigheter AB (publ), a real estate company, owns, builds, and manages residential properties in Sweden. It operates in Property Management and New Development segments. The company also develops and manages rental apartments and condominiums...
How the Company Makes Money
Sveafastigheter AB primarily makes money by generating recurring rental income from its residential property portfolio: (1) Rental revenue: tenants pay monthly rents for apartments and related residential units, which forms the core operating reve...
Sveafastigheter AB Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
54
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.60B | 1.54B | 1.36B | 1.13B | 1.00B | 8.71B |
| Gross Profit | 997.00M | 1.01B | 861.00M | 684.00M | 596.00M | 8.43B |
| EBITDA | 972.00M | 498.00M | -517.00M | -4.59B | -2.67B | 8.34B |
| Net Income | 452.00M | 84.00M | -1.13B | -4.38B | -2.83B | 8.50B |
Balance Sheet | ||||||
| Total Assets | 30.55B | 30.17B | 29.08B | 31.53B | 36.55B | 33.56B |
| Cash, Cash Equivalents and Short-Term Investments | 237.00M | 501.00M | 308.00M | 316.00M | 2.91B | 2.89B |
| Total Debt | 13.80B | 13.02B | 12.37B | 8.44B | 8.42B | 6.32B |
| Total Liabilities | 15.47B | 15.24B | 14.24B | 18.32B | 21.50B | 17.40B |
| Stockholders Equity | 15.08B | 14.93B | 14.85B | 13.21B | 15.05B | 16.16B |
Cash Flow | ||||||
| Free Cash Flow | 443.00M | 657.00M | 728.00M | -209.00M | 976.46K | 494.05M |
| Operating Cash Flow | 444.00M | 657.00M | 728.00M | -209.00M | 976.46K | 494.05M |
| Investing Cash Flow | -675.00M | -1.13B | -928.00M | -2.23B | -3.08B | -6.72B |
| Financing Cash Flow | -695.00M | 665.00M | 192.00M | -160.00M | 3.08B | 9.08B |
Sveafastigheter AB Technical Analysis
Neutral
30.85
Price Trends
31.17
Negative
32.14
Negative
35.21
Negative
Market Momentum
-0.25
Positive
49.86
Neutral
45.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SVEAF, the sentiment is Neutral. The current price of 30.85 is below the 20-day moving average (MA) of 31.24, below the 50-day MA of 31.17, and below the 200-day MA of 35.21, indicating a bearish trend. The MACD of -0.25 indicates Positive momentum. The RSI at 49.86 is Neutral, neither overbought nor oversold. The STOCH value of 45.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:SVEAF.
Sveafastigheter AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr1.72B | 5.35 | ― | 2.39% | 4.35% | 152.83% | |
70 Outperform | kr4.50B | 15.30 | ― | 2.69% | 10.93% | -8.55% | |
69 Neutral | kr8.71B | 11.84 | 5.59% | 2.96% | 0.52% | 80.58% | |
61 Neutral | kr2.87B | 16.45 | 2.48% | ― | 57.31% | 302.59% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | kr6.22B | 13.76 | ― | ― | 7.77% | ― |
* General Sector Average
SE:SVEAF
Sveafastigheter AB
31.10
-7.90
-20.26%
SE:PLAZ.B
Platzer Fastigheter Holding AB
72.70
5.74
8.57%
SE:BRIN.B
Brinova Fastigheter AB Class B
12.45
-2.85
-18.63%
SE:FNOVA.B
Fortinova Fastigheter AB
23.40
-2.10
-8.24%
SE:GPG
Genova Property Group AB
37.70
-0.41
-1.08%
SE:EAST
Eastnine AB
46.05
0.52
1.13%
Sveafastigheter AB Corporate Events
Sveafastigheter lifts earnings, reshapes portfolio ahead of KlaraBo merger
Jul 16, 2026
Sveafastigheter reported solid first-half 2026 results, with rental income up just over 6% and net operating income rising at a similar pace, supported by high occupancy and stable margins across its residential portfolio. The fair value of invest...
Sveafastigheter Sells Stockholm Housing Projects and Secures Long-Term Management Deal with Acer Bostad
Jul 16, 2026
Sveafastigheter has agreed to sell two new residential development projects in the Stockholm region, Gamla Landsvägen in Nacka and Hedvig in Spånga, to Acer Bostad in a SEK 727 million share deal that crystallizes development gains and s...
Sveafastigheter Sets July Date for Interim Report Presentation
Jul 2, 2026
Sveafastigheter AB will publish its interim report for the period January to June 2026 on 16 July, with CEO Erik Hävermark presenting the results via an English-language conference call and webcast. The company will provide presentation mater...
Sveafastigheter EGM Backs KlaraBo Merger and New Share Structure
Jun 26, 2026
Sveafastigheter AB’s extraordinary general meeting approved the merger plan with KlaraBo Sverige AB, clearing a key procedural hurdle for combining the two Swedish residential property operators. As part of the transaction structure, shareho...
Sveafastigheter Breaks Ground on SEK 348m Housing Project in Central Spånga
Jun 18, 2026
Sveafastigheter has started construction of Project Hedvig, a new residential development of 127 apartments next to Spånga Station in one of the most central locations of the suburb. The scheme combines restoration of an existing building wit...
Sveafastigheter reshapes board and pay structure ahead of KlaraBo merger vote
Jun 12, 2026
Sveafastigheter AB’s Nomination Committee has proposed a reshaped board ahead of an extraordinary general meeting, recommending the re-election of three current directors and the appointment of three new members, including Lennart Sten as ch...
Sveafastigheter to Absorb KlaraBo in Share-Based Swedish Real Estate Merger
Jun 5, 2026
Sveafastigheter AB and KlaraBo Sverige AB have agreed on a merger plan under which Sveafastigheter will acquire and absorb KlaraBo, with KlaraBo subsequently dissolved without liquidation. KlaraBo shareholders will receive new Sveafastigheter shar...
Sveafastigheter Calls Extraordinary Meeting to Approve Merger with KlaraBo
May 27, 2026
Sveafastigheter AB has called an Extraordinary General Meeting for 26 June 2026 in Stockholm, setting out detailed participation rules for shareholders, including record dates, proxy procedures and requirements for nominee-registered shares. The c...
Fitch Places Sveafastigheter on Positive Watch After Planned Merger with KlaraBo
May 18, 2026
Fitch Ratings has placed Sveafastigheter’s BBB- long-term issuer and senior unsecured debt ratings on Rating Watch Positive following the company’s planned all-equity merger with residential property group KlaraBo. Fitch signaled that,...
Sveafastigheter and KlaraBo Plan Merger to Form Largest Listed Swedish Residential Landlord
May 18, 2026
Sveafastigheter AB and KlaraBo Sverige AB have agreed on a merger plan that will combine their operations and cement Sveafastigheter’s role as the largest listed residential property company on Nasdaq Stockholm. The move brings together two ...
Sveafastigheter and KlaraBo in merger to form Nasdaq’s largest listed residential landlord
May 18, 2026
Sveafastigheter and KlaraBo have agreed to merge through a statutory transaction that will see Sveafastigheter absorb KlaraBo, while KlaraBo simultaneously acquires a 4,100-apartment portfolio from SBB already managed by Sveafastigheter. The combi...
Sveafastigheter AGM Backs No Dividend and Expands Capital Flexibility
May 5, 2026
Sveafastigheter AB’s 2026 Annual General Meeting voted to retain 2025 profits in the company and not distribute a dividend, signaling a focus on balance sheet strength and reinvestment rather than cash returns to shareholders. Shareholders d...
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.