Samhällsbyggnadsbolaget i Norden (SBB B) Stock Overview
Owns, develops, and manages residential and social infrastructure properties in Sweden, Norway, Finland, and Denmark. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 0/6 |
| Dividends | 0/6 |
SBB B Community Fair Values
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Analyst Price Targets
Top Community Narratives
SEK 6.5
FV
42.6% undervalued intrinsic discount151
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Samhällsbyggnadsbolaget i Norden AB (publ) Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | SEK 3.73 |
| 52 Week High | SEK 5.82 |
| 52 Week Low | SEK 2.95 |
| Beta | 2.53 |
| 1 Month Change | 22.51% |
| 3 Month Change | 0.054% |
| 1 Year Change | -27.43% |
| 3 Year Change | -40.79% |
| 5 Year Change | -90.87% |
| Change since IPO | -35.64% |
Recent News & Updates
Narrative Update • Jun 07
SBB B: New Lease And Stable Assumptions Will Shape Balanced Outlook
Analysts have kept their SEK fair value and key assumptions for Samhällsbyggnadsbolaget i Norden broadly unchanged, leaving their price target steady at about SEK 3.13. They continue to see the current P/E and margin profile as adequately reflected in the valuation.Narrative Update • May 22
SBB B: Lease Commitments And Margin Assumptions Will Sustain Downside Risk
Analysts have nudged their fair value estimate for Samhällsbyggnadsbolaget i Norden higher from SEK 2.90 to SEK 3.13, linking the change to updated assumptions on revenue growth, profit margins and a lower future P/E multiple in their models. What's in the News SBB, through its wholly owned subsidiary SBB Utveckling, signed a 10 year lease with Saab for approximately 9,000 square metres in the Pollux 32 property on Trossö in central Karlskrona.Narrative Update • May 04
SBB B: Regulatory Fine Will Continue To Drive Downside Risk
Analysts have maintained their SEK price target for Samhällsbyggnadsbolaget i Norden at SEK 2.90, citing unchanged assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News SBB, through its subsidiary SBB Utveckling, signed a 10 year lease with Saab covering about 9,000 square metres in the Pollux 32 property on Trossö in central Karlskrona, with occupancy planned for the third quarter of 2027, and plans to certify the property under BREEAM In Use Excellent (company announcement).Recent updates
Narrative Update • Jun 07
SBB B: New Lease And Stable Assumptions Will Shape Balanced Outlook
Analysts have kept their SEK fair value and key assumptions for Samhällsbyggnadsbolaget i Norden broadly unchanged, leaving their price target steady at about SEK 3.13. They continue to see the current P/E and margin profile as adequately reflected in the valuation.Narrative Update • May 22
SBB B: Lease Commitments And Margin Assumptions Will Sustain Downside Risk
Analysts have nudged their fair value estimate for Samhällsbyggnadsbolaget i Norden higher from SEK 2.90 to SEK 3.13, linking the change to updated assumptions on revenue growth, profit margins and a lower future P/E multiple in their models. What's in the News SBB, through its wholly owned subsidiary SBB Utveckling, signed a 10 year lease with Saab for approximately 9,000 square metres in the Pollux 32 property on Trossö in central Karlskrona.Narrative Update • May 04
SBB B: Regulatory Fine Will Continue To Drive Downside Risk
Analysts have maintained their SEK price target for Samhällsbyggnadsbolaget i Norden at SEK 2.90, citing unchanged assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News SBB, through its subsidiary SBB Utveckling, signed a 10 year lease with Saab covering about 9,000 square metres in the Pollux 32 property on Trossö in central Karlskrona, with occupancy planned for the third quarter of 2027, and plans to certify the property under BREEAM In Use Excellent (company announcement).Narrative Update • Apr 20
SBB B: Regulatory Fine And Misstated Earnings Will Sustain Downside Risk
Analysts are keeping their SEK price target for Samhällsbyggnadsbolaget i Norden unchanged, reflecting updated assumptions that leave fair value at SEK 2.90 with supporting inputs such as discount rate, revenue growth, profit margin and future P/E essentially steady. What's in the News The Swedish Financial Supervisory Authority has concluded its review of SBB's 2021 reporting and disclosure related to the acquisitions of Offentliga Hus i Norden AB and Amasten Fastighets AB, as well as certain property portfolio valuations.Narrative Update • Apr 04
SBB B: Regulatory Fine Will Sustain Accounting Concern And Future Downside Risk
Analysts have maintained their SEK price target for Samhällsbyggnadsbolaget i Norden, citing a steady fair value estimate of SEK 2.90 supported by consistent assumptions around discount rate, revenue growth, profit margin and future P/E. What's in the News The Swedish Financial Supervisory Authority has concluded its review of SBB's 2021 reporting related to the acquisitions of Offentliga Hus i Norden AB and Amasten Fastighets AB, and the valuation of property portfolios acquired from Trygge Barnehager AS and Laeringsverkstedet AS (Key Developments).Narrative Update • Mar 21
SBB B: Regulatory Fine Will Sustain Accounting Concern Driven Downside Risk
Analysts have maintained their SEK price target for Samhällsbyggnadsbolaget i Norden at a level consistent with prior estimates, reflecting unchanged fair value, discount rate, revenue growth, profit margin and forward P/E assumptions in their latest review. What's in the News The Swedish Financial Supervisory Authority has completed its review of SBB's reporting and disclosure related to the acquisitions of Offentliga Hus i Norden AB and Amasten Fastighets AB, as well as certain property portfolio valuations in the 2021 annual report (Swedish Financial Supervisory Authority decision).Narrative Update • Mar 05
SBB B: Regulatory Fine And Accounting Concerns Will Sustain Downside Risk
Analysts have trimmed their SEK price target for Samhällsbyggnadsbolaget i Norden to SEK 2.90, reflecting updated assumptions that combine higher forecast revenue growth with a lower projected profit margin and a higher future P/E multiple. What's in the News The Swedish Financial Supervisory Authority has completed its review of SBB's reporting and disclosure related to the acquisitions of Offentliga Hus i Norden AB and Amasten Fastighets AB, along with valuations of property portfolios acquired from Trygge Barnehager AS and Laeringsverkstedet AS, included in the 2021 annual report (Key Developments).Narrative Update • Feb 19
SBB B: Unchanged Fair Value And Higher Discount Rate Will Sustain Downside Risk
Analysts have kept their SEK 2.90 fair value estimate for Samhällsbyggnadsbolaget i Norden unchanged, citing only small tweaks to inputs such as a slightly higher discount rate and a marginally adjusted future P/E assumption as the basis for maintaining their view. Valuation Changes Fair Value: SEK 2.90 fair value estimate is unchanged.Narrative Update • Feb 04
SBB B: Extraordinary Meeting On Non Voting Shares Will Sustain Downside Risk
Analysts have maintained their price target for Samhällsbyggnadsbolaget i Norden, reflecting largely unchanged fair value estimates, discount rate assumptions, and expectations for revenue growth, profit margins, and future P/E. What's in the News An extraordinary shareholders meeting is scheduled for December 11, 2025, at 12:30 W.Analysis Article • Jan 29
Is Samhällsbyggnadsbolaget i Norden (STO:SBB B) A Risky Investment?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Jan 20
SBB B: Extraordinary Meeting On New Non Voting Shares Will Sustain Downside Risk
Analysts have kept their price target on Samhällsbyggnadsbolaget i Norden unchanged at €2.90, reflecting consistent assumptions on fair value, discount rate, revenue growth, profit margin and future P/E in their latest models. What's in the News An extraordinary shareholders meeting is scheduled for December 11, 2025, at 12:30 W.Narrative Update • Jan 06
SBB B: Extraordinary Meeting And New Share Class Will Sustain Downside Risk
Analysts kept their fair value estimate for Samhällsbyggnadsbolaget i Norden steady at SEK 2.90, reflecting unchanged assumptions on discount rate, revenue growth, profit margin and future P/E, so there is no shift in the headline price target in this update. What's in the News Extraordinary shareholders meeting scheduled for December 11, 2025, in Stockholm to address related party transactions and other formal meeting items, including approval of the agenda and verification of minutes (Key Developments).Narrative Update • Dec 14
SBB B: Upcoming Governance Changes Will Expose Persistent Downside Risk
Analysts have raised their price target for Samhällsbyggnadsbolaget i Norden to SEK 2.90 from SEK 2.90. This reflects unchanged assumptions around long term growth, profitability, and valuation multiples despite recent market volatility.Narrative Update • Nov 28
SBB B: Future Bylaws Amendments And Share Changes Will Reveal Downside Risks
Analysts have raised their fair value estimate for Samhällsbyggnadsbolaget i Norden from €2.80 to €2.90. They cite improving profit margins and modest revenue growth as key factors behind the upward adjustment.Analysis Article • Nov 15
Samhällsbyggnadsbolaget i Norden's (STO:SBB B) Solid Earnings Have Been Accounted For Conservatively
The market seemed underwhelmed by the solid earnings posted by Samhällsbyggnadsbolaget i Norden AB (publ) ( STO:SBB B...Narrative Update • Nov 14
SBB B: Rising Discount Rates Will Drive Steep Decline In Profit Margins
Analysts have lowered their fair value estimate for Samhällsbyggnadsbolaget i Norden from SEK 4.40 to SEK 2.80. They cited increased discount rates and a notable reduction in projected profit margins as key factors.Analysis Article • Oct 15
Samhällsbyggnadsbolaget i Norden (STO:SBB B) Seems To Be Using A Lot Of Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Narrative Update • Sep 05
Nordic Demographics Will Offset Regulatory Risks With 30% Demand Increase
Despite a notable decline in revenue growth forecasts, a sharp increase in Samhällsbyggnadsbolaget i Norden’s future P/E ratio points to improved market sentiment or earnings expectations, supporting a Consensus Analyst Price Target uplift from SEK2.80 to SEK4.40. What's in the News Samhällsbyggnadsbolaget i Norden AB (publ) has been dropped from the OMX Stockholm 30 Index.New Narrative • Aug 20
Nordic Demographics Will Offset Regulatory Risks With 30% Demand Increase
Key Takeaways Demographic stagnation, regulatory pressures, and municipal concentration threaten stable revenue growth and expose the company to heightened operational and policy risks. High leverage and rising refinancing needs increase vulnerability to market shifts, while share issuance and asset sales present dilution and valuation risks.Analysis Article • Apr 16
Samhällsbyggnadsbolaget i Norden (STO:SBB B) Seems To Be Using A Lot Of Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...New Narrative • Feb 24
Undervalued - Price Target SEK 6.50
SBB’s property values decreased by 4.4% (SEK 3.2 billion) in 2024, marking a total decline of 20.8% since 2022.Analysis Article • Aug 25
Does Samhällsbyggnadsbolaget i Norden (STO:SBB B) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Jun 03
Are Investors Undervaluing Samhällsbyggnadsbolaget i Norden AB (publ) (STO:SBB B) By 47%?
Key Insights The projected fair value for Samhällsbyggnadsbolaget i Norden is kr9.67 based on 2 Stage Free Cash Flow to...Analysis Article • Dec 06
Why Samhällsbyggnadsbolaget i Norden AB (publ) (STO:SBB B) Could Be Worth Watching
Samhällsbyggnadsbolaget i Norden AB (publ) ( STO:SBB B ), might not be a large cap stock, but it saw a significant...Shareholder Returns
| SBB B | SE Real Estate | SE Market | |
|---|---|---|---|
| 7D | 5.8% | 5.5% | 2.7% |
| 1Y | -27.4% | -10.5% | 12.9% |
Return vs Industry: SBB B underperformed the Swedish Real Estate industry which returned -10.5% over the past year.
Return vs Market: SBB B underperformed the Swedish Market which returned 12.9% over the past year.
Price Volatility
| SBB B volatility | |
|---|---|
| SBB B Average Weekly Movement | 7.3% |
| Real Estate Industry Average Movement | 3.5% |
| Market Average Movement | 6.1% |
| 10% most volatile stocks in SE Market | 12.8% |
| 10% least volatile stocks in SE Market | 3.4% |
Stable Share Price: SBB B has not had significant price volatility in the past 3 months compared to the Swedish market.
Volatility Over Time: SBB B's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2016 | 229 | Leiv Synnes | sbbnorden.se |
Samhällsbyggnadsbolaget i Norden AB (publ) owns, develops, and manages residential and social infrastructure properties in Sweden, Norway, Finland, and Denmark. It operates through Residential and Development segments. The Residential segment consists of apartment buildings and townhouses.
Samhällsbyggnadsbolaget i Norden AB (publ) Fundamentals Summary
| SBB B fundamental statistics | |
|---|---|
| Market cap | SEK 7.07b |
| Earnings (TTM) | -SEK 475.00m |
| Revenue (TTM) | SEK 1.87b |
3.5x
P/S Ratio-13.9x
P/E RatioIs SBB B overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SBB B income statement (TTM) | |
|---|---|
| Revenue | SEK 1.87b |
| Cost of Revenue | SEK 691.00m |
| Gross Profit | SEK 1.18b |
| Other Expenses | SEK 1.66b |
| Earnings | -SEK 475.00m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 16, 2026
| Earnings per share (EPS) | -0.27 |
| Gross Margin | 63.09% |
| Net Profit Margin | -25.37% |
| Debt/Equity Ratio | 149.0% |
How did SBB B perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/07 00:01 |
| End of Day Share Price | 2026/07/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Samhällsbyggnadsbolaget i Norden AB (publ) is covered by 11 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Markus Henriksson | ABG Sundal Collier Sponsored |
| Erik Granström | Carnegie Investment Bank AB |