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Wihlborgs Fastigheter AB
(WIHL)
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Rating:67Neutral
Price Target:
kr84.00
▼(-7.23% Downside)
Action:Reiterated
Date:07/09/26
The score is driven primarily by improved recent financial performance (strong TTM growth, high reported margins, and positive free cash flow) but tempered by leverage and historical earnings/cash-flow volatility. Valuation is a clear positive due to the moderate P/E and solid dividend yield. Technicals are the main drag, with price below key longer-term moving averages and negative MACD.
Positive Factors
Recurring rental income business model
Wihlborgs’ core model is recurring rental income from lease contracts and property services in a defined region. Stable lease rolls and indexed rents create predictable cash flows over multi-year horizons, supporting capex and distributions and making earnings less dependent on one-off transactions.
Negative Factors
Meaningful leverage on the balance sheet
Leverage at these levels magnifies sensitivity to interest rate moves and property value swings. Elevated debt-to-equity constrains financial flexibility, increases refinancing risk and can pressure cash available for distributions if market yields or funding costs rise.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income business model
Wihlborgs’ core model is recurring rental income from lease contracts and property services in a defined region. Stable lease rolls and indexed rents create predictable cash flows over multi-year horizons, supporting capex and distributions and making earnings less dependent on one-off transactions.
Read all positive factors
Wihlborgs Fastigheter AB (WIHL) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr23.89B
Dividend Yield4.29%
Average Volume (3M)356.55K
Price to Earnings (P/E)10.8
Beta (1Y)0.44
Revenue Growth6.89%
EPS Growth15.60%
CountrySE
Employees228
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)7.10
Shares Outstanding307,426,900
10 Day Avg. Volume413,442
30 Day Avg. Volume356,552
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)1.15
Price to Sales (P/S)6.44
P/FCF Ratio12.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr79.00Price Target Upside-12.76% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)6.91
Revenue Forecast (FY)kr4.91B
Wihlborgs Fastigheter AB Business Overview & Revenue Model
Company Description
Wihlborgs Fastigheter AB (publ) is a real estate firm specializing in the ownership, development, leasing, and management of commercial properties throughout Sweden's Öresund region. The company's diverse holdings include office and retail premise...
How the Company Makes Money
Wihlborgs primarily makes money by renting out commercial space in its owned properties and providing related property services to tenants. Its core revenue stream is rental income generated through lease contracts (typically for offices and logis...
Wihlborgs Fastigheter AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
62
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.54B | 4.35B | 4.17B | 3.90B | 3.33B | 3.06B |
| Gross Profit | 3.24B | 3.11B | 3.00B | 2.78B | 2.33B | 2.20B |
| EBITDA | 3.83B | 3.99B | 3.39B | 973.00M | 3.31B | 4.49B |
| Net Income | 2.19B | 2.22B | 1.71B | -27.00M | 2.29B | 3.35B |
Balance Sheet | ||||||
| Total Assets | 68.41B | 65.90B | 60.75B | 57.37B | 56.81B | 51.15B |
| Cash, Cash Equivalents and Short-Term Investments | 828.00M | 263.00M | 412.00M | 346.00M | 159.00M | 315.00M |
| Total Debt | 35.88B | 33.41B | 30.23B | 28.08B | 26.95B | 23.43B |
| Total Liabilities | 44.22B | 41.59B | 37.59B | 34.98B | 33.43B | 29.20B |
| Stockholders Equity | 24.18B | 24.31B | 23.16B | 22.39B | 23.38B | 21.95B |
Cash Flow | ||||||
| Free Cash Flow | 1.10B | 2.18B | 1.61B | 1.93B | 1.94B | 1.68B |
| Operating Cash Flow | 2.01B | 2.18B | 1.62B | 1.93B | 1.94B | 1.69B |
| Investing Cash Flow | -2.94B | -5.20B | -2.32B | -2.00B | -3.86B | -1.68B |
| Financing Cash Flow | 1.51B | 2.87B | 766.00M | 253.00M | 1.76B | 100.00M |
Wihlborgs Fastigheter AB Technical Analysis
Negative
90.55
Price Trends
78.31
Negative
80.01
Negative
83.40
Negative
Market Momentum
-0.12
Positive
46.01
Neutral
49.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:WIHL, the sentiment is Negative. The current price of 90.55 is above the 20-day moving average (MA) of 78.82, above the 50-day MA of 78.31, and above the 200-day MA of 83.40, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 46.01 is Neutral, neither overbought nor oversold. The STOCH value of 49.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:WIHL.
Wihlborgs Fastigheter AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | kr8.63B | 11.53 | 5.59% | 3.04% | 0.52% | 80.58% | |
67 Neutral | kr23.89B | 10.83 | 9.03% | 4.29% | 6.89% | 15.60% | |
64 Neutral | kr15.27B | 18.07 | 5.18% | 3.63% | -2.62% | 488.91% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | kr6.20B | 13.43 | ― | ― | 7.77% | ― | |
52 Neutral | kr21.50B | 52.01 | 1.15% | 2.95% | 12.54% | 114.41% | |
46 Neutral | kr5.27B | -1.22 | -16.64% | 8.81% | -9.60% | -46.68% |
* General Sector Average
SE:WIHL
Wihlborgs Fastigheter AB
76.90
-12.68
-14.15%
SE:FABG
Fabege AB
71.25
-5.81
-7.55%
SE:PLAZ.B
Platzer Fastigheter Holding AB
70.80
2.96
4.37%
SE:CORE.D
Corem Property Group AB Class D
227.00
-0.13
-0.06%
SE:ALTRA
Nyfosa AB
78.60
0.97
1.25%
SE:SVEAF
Sveafastigheter AB
30.35
-9.07
-23.01%
Wihlborgs Fastigheter AB Corporate Events
Wihlborgs Wins Clearance for Castellum South Sweden Portfolio Acquisition
Jul 28, 2026
Wihlborgs has secured approval from the Swedish Competition Authority for its acquisition of Castellum’s property portfolio in Malmö, Lund and Helsingborg. The clearance, granted without intervention, satisfies a key condition for the d...
Wihlborgs posts record rental income and operating surplus in H1 2026
Jul 6, 2026
Wihlborgs reported record rental income and operating surplus for the first half of 2026, with rental income reaching SEK 2,324 million and operating surplus SEK 1,664 million. Income from property management totaled SEK 1,077 million, underscorin...
Wihlborgs Expands MTN Program to Boost Financing Capacity
Jun 3, 2026
Wihlborgs Fastigheter has increased the framework amount of its medium-term note program from SEK 6 billion to SEK 9 billion, publishing a supplementary base prospectus that has been approved by the Swedish Financial Supervisory Authority. The boa...
Wihlborgs Reshapes Helsingborg Leadership to Boost Market Development
Jun 1, 2026
Wihlborgs Fastigheter has announced a leadership change in its Helsingborg operations, with Regional Director Magnus Lambertsson leaving the group management team after six years to become a Business Developer focused on market development and lea...
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.