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Fastighets AB Trianon Class B
(TRIAN.B)
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Rating:60Neutral
Price Target:
kr16.50
▼(-7.04% Downside)
Action:Reiterated
Date:10/12/26
The score is anchored by improving financial performance (earnings recovery and strong recent margins), but is held back by leverage and cash flow coverage relative to debt. Technicals are a meaningful drag given the clear downtrend and weak momentum, while valuation helps offset some of the risk with a low P/E and modest dividend yield.
Positive Factors
Recurring rental-income business model
Recurring rents from residential housing and complementary commercial premises provide an operating model anchored in ongoing tenant cash flows. This revenue base can support resilience and planning over the next several quarters, while property management and active asset improvements may enhance occupancy, rents, and operating efficiency.
Negative Factors
Meaningful balance-sheet leverage
Debt-to-equity of approximately 1.4 leaves the company more exposed to changes in property values, rental income, and financing costs than a lightly leveraged owner. Elevated leverage reduces room for operational setbacks and can constrain flexibility to pursue development or acquisitions.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental-income business model
Recurring rents from residential housing and complementary commercial premises provide an operating model anchored in ongoing tenant cash flows. This revenue base can support resilience and planning over the next several quarters, while property management and active asset improvements may enhance occupancy, rents, and operating efficiency.
Read all positive factors
Fastighets AB Trianon Class B (TRIAN.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr2.88B
Dividend Yield1.6%
Average Volume (3M)39.28K
Price to Earnings (P/E)9.6
Beta (1Y)0.47
Revenue Growth0.80%
EPS Growth20.17%
CountrySE
Employees82
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)1.63
Shares Outstanding184,374,660
10 Day Avg. Volume56,410
30 Day Avg. Volume39,278
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)0.71
Price to Sales (P/S)4.74
P/FCF Ratio17.98
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)1.26
Revenue Forecast (FY)kr842.93M
Fastighets AB Trianon Class B Business Overview & Revenue Model
Company Description
Operating within the real estate sector, Fastighets AB Trianon (publ) is involved in the acquisition, development, construction, ownership, and management of both residential and commercial buildings throughout Sweden. Its diverse portfolio encomp...
How the Company Makes Money
Fastighets AB Trianon primarily makes money by owning and operating real estate that generates recurring rental income. Its main revenue stream is rent from tenants in its residential properties, supplemented by rental income from commercial units...
Fastighets AB Trianon Class B Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 807.90M | 792.60M | 772.50M | 754.10M | 778.90M | 618.10M |
| Gross Profit | 542.20M | 524.50M | 519.60M | 482.50M | 423.30M | 390.50M |
| EBITDA | 614.90M | 635.60M | 461.60M | 69.60M | 359.10M | 1.76B |
| Net Income | 300.10M | 308.60M | 224.80M | -206.10M | 131.60M | 1.30B |
Balance Sheet | ||||||
| Total Assets | 14.32B | 13.70B | 14.32B | 13.63B | 13.80B | 13.58B |
| Cash, Cash Equivalents and Short-Term Investments | 160.30M | 138.40M | 124.50M | 109.80M | 90.00M | 87.40M |
| Total Debt | 7.62B | 7.27B | 7.53B | 7.43B | 7.29B | 7.03B |
| Total Liabilities | 8.95B | 8.39B | 8.90B | 8.61B | 8.42B | 8.34B |
| Stockholders Equity | 5.37B | 5.31B | 5.42B | 5.02B | 5.37B | 5.22B |
Cash Flow | ||||||
| Free Cash Flow | 256.60M | 208.90M | 128.40M | 128.80M | 440.70M | 549.30M |
| Operating Cash Flow | 260.00M | 212.30M | 130.40M | 128.90M | 441.20M | 261.70M |
| Investing Cash Flow | -712.80M | -235.40M | -62.60M | -341.30M | -615.60M | -956.40M |
| Financing Cash Flow | 470.50M | 36.90M | -53.10M | 232.30M | 177.00M | 501.90M |
Fastighets AB Trianon Class B Technical Analysis
Negative
17.75
Price Trends
16.81
Negative
17.32
Negative
17.83
Negative
Market Momentum
-0.33
Negative
40.16
Neutral
44.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:TRIAN.B, the sentiment is Negative. The current price of 17.75 is above the 20-day moving average (MA) of 15.64, above the 50-day MA of 16.81, and below the 200-day MA of 17.83, indicating a bearish trend. The MACD of -0.33 indicates Negative momentum. The RSI at 40.16 is Neutral, neither overbought nor oversold. The STOCH value of 44.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:TRIAN.B.
Fastighets AB Trianon Class B Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | kr3.57B | 7.35 | 8.61% | 2.44% | 5.55% | 130.73% | |
61 Neutral | kr3.91B | 5.96 | ― | 0.48% | 5.25% | 79.76% | |
60 Neutral | kr2.88B | 9.57 | 5.63% | 1.60% | 0.80% | 20.17% | |
54 Neutral | kr2.29B | 11.37 | 4.31% | ― | 40.50% | 426.01% | |
40 Underperform | kr2.34B | -1,817.50 | 0.01% | 7.61% | -4.88% | ― |
* Real Estate Sector Average
SE:TRIAN.B
Fastighets AB Trianon Class B
15.60
-4.32
-21.70%
SE:BESQAB
Aros Bostadsutveckling AB
24.20
-0.60
-2.42%
SE:SFAST
Stenhus Fastigheter i Norden AB
10.66
0.19
1.78%
SE:BONAV.B
Bonava AB Class B
7.27
-3.83
-34.50%
SE:KFAST.B
K-Fast Holding AB Class B
10.26
-4.18
-28.95%
SE:JOMA
John Mattson Fastighetsforetagen AB
52.10
-13.83
-20.97%
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.