Recent Insider Transactions • Jul 09
Founder recently bought kr3.5m worth of stock On the 7th of July, Sven-Olof Johansson bought around 86k shares on-market at roughly kr41.16 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr11m. Sven-Olof has been a buyer over the last 12 months, purchasing a net total of kr67m worth in shares. Major Estimate Revision • Jul 05
Consensus EPS estimates fall by 31% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from kr5.10 to kr3.51 per share. Revenue forecast steady at kr2.20b. Net income forecast to grow 97% next year vs 2.3% growth forecast for Real Estate industry in Sweden. Consensus price target down from kr51.50 to kr46.00. Share price rose 4.9% to kr39.85 over the past week. Buy Or Sell Opportunity • Jun 24
Now 20% overvalued Over the last 90 days, the stock has fallen 9.4% to kr37.45. The fair value is estimated to be kr31.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 83%. Revenue is forecast to grow by 3.7% in 2 years. Earnings are forecast to grow by 189% in the next 2 years. Price Target Changed • Jun 10
Price target decreased by 14% to kr51.50 Down from kr60.00, the current price target is an average from 2 analysts. New target price is 33% above last closing price of kr38.85. Stock is down 28% over the past year. The company is forecast to post earnings per share of kr5.10 for next year compared to kr1.62 last year. Recent Insider Transactions • May 05
Founder recently bought kr2.8m worth of stock On the 28th of April, Sven-Olof Johansson bought around 71k shares on-market at roughly kr39.07 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr11m. Sven-Olof has been a buyer over the last 12 months, purchasing a net total of kr64m worth in shares. Declared Dividend • Apr 30
Dividend of kr0.57 announced Shareholders will receive a dividend of kr0.57. Ex-date: 29th October 2026 Payment date: 4th November 2026 Dividend yield will be 2.9%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 152% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Apr 29
Founder recently bought kr11m worth of stock On the 24th of April, Sven-Olof Johansson bought around 278k shares on-market at roughly kr38.83 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Sven-Olof has been a buyer over the last 12 months, purchasing a net total of kr61m worth in shares. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: kr0.79 (vs kr0.72 in 1Q 2025) First quarter 2026 results: EPS: kr0.79 (up from kr0.72 in 1Q 2025). Revenue: kr552.3m (down 3.4% from 1Q 2025). Net income: kr155.1m (up 9.5% from 1Q 2025). Profit margin: 28% (up from 25% in 1Q 2025). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 24
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to kr38.75. The fair value is estimated to be kr50.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 86%. Upcoming Dividend • Apr 16
Upcoming dividend of kr0.57 per share Eligible shareholders must have bought the stock before 23 April 2026. Payment date: 29 April 2026. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Swedish dividend payers (4.0%). In line with average of industry peers (2.5%). Recent Insider Transactions • Mar 25
Founder recently bought kr1.3m worth of stock On the 20th of March, Sven-Olof Johansson bought around 30k shares on-market at roughly kr42.03 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr8.0m. Sven-Olof has been a buyer over the last 12 months, purchasing a net total of kr90m worth in shares. Recent Insider Transactions • Mar 08
Founder recently bought kr8.0m worth of stock On the 3rd of March, Sven-Olof Johansson bought around 175k shares on-market at roughly kr45.67 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr23m. Sven-Olof has been a buyer over the last 12 months, purchasing a net total of kr83m worth in shares. Recent Insider Transactions • Feb 20
Founder recently bought kr8.0m worth of stock On the 16th of February, Sven-Olof Johansson bought around 184k shares on-market at roughly kr43.38 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr23m. Sven-Olof has been a buyer over the last 12 months, purchasing a net total of kr70m worth in shares. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: kr1.62 (vs kr3.28 in FY 2024) Full year 2025 results: EPS: kr1.62 (down from kr3.28 in FY 2024). Revenue: kr2.27b (flat on FY 2024). Net income: kr318.2m (down 51% from FY 2024). Profit margin: 14% (down from 28% in FY 2024). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Feb 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Declared Dividend • Feb 16
Final dividend increased to kr1.15 Dividend of kr1.15 is 109% higher than last year. Ex-date: 29th April 2026 Payment date: 6th May 2026 Dividend yield will be 3.9%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. Announcement • Feb 14
FastPartner AB (publ) announces Annual dividend, payable on May 06, 2026 FastPartner AB (publ) announced Annual dividend of SEK 1.1500 per share payable on May 06, 2026, ex-date on April 29, 2026 and record date on April 30, 2026. Announcement • Feb 13
FastPartner AB (publ), Annual General Meeting, Apr 22, 2026 FastPartner AB (publ), Annual General Meeting, Apr 22, 2026. Recent Insider Transactions • Dec 19
Founder recently bought kr23m worth of stock On the 16th of December, Sven-Olof Johansson bought around 500k shares on-market at roughly kr45.10 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Sven-Olof has been a buyer over the last 12 months, purchasing a net total of kr62m worth in shares. Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr2.55 to kr2.27 per share. Revenue forecast steady at kr2.27b. Net income forecast to grow 44% next year vs 6.8% growth forecast for Real Estate industry in Sweden. Consensus price target of kr60.00 unchanged from last update. Share price fell 8.7% to kr50.30 over the past week. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: kr0.86 (vs kr0.59 in 3Q 2024) Third quarter 2025 results: EPS: kr0.86 (up from kr0.59 in 3Q 2024). Revenue: kr568.6m (flat on 3Q 2024). Net income: kr168.8m (up 46% from 3Q 2024). Profit margin: 30% (up from 20% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year. Upcoming Dividend • Oct 23
Upcoming dividend of kr0.55 per share Eligible shareholders must have bought the stock before 30 October 2025. Payment date: 05 November 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Swedish dividend payers (4.0%). In line with average of industry peers (2.1%). Major Estimate Revision • Jul 16
Consensus EPS estimates fall by 39% The consensus outlook for fiscal year 2025 has been updated. 2025 consensus EPS estimate fell from kr4.21 to kr2.55. Revenue forecast reaffirmed at kr2.26b. Net income forecast to grow 0.5% next year vs 41% growth forecast for Real Estate industry in Sweden. Consensus price target of kr56.00 unchanged from last update. Share price was steady at kr52.30 over the past week. New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings have declined by 44% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings have declined by 44% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Major Estimate Revision • May 02
Consensus EPS estimates fall by 17%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from kr2.27b to kr2.30b. EPS estimate fell from kr5.17 to kr4.28 per share. Net income forecast to grow 42% next year vs 57% growth forecast for Real Estate industry in Sweden. Consensus price target of kr60.00 unchanged from last update. Share price rose 8.8% to kr56.62 over the past week. Recent Insider Transactions • Apr 30
Founder recently bought kr39m worth of stock On the 25th of April, Sven-Olof Johansson bought around 800k shares on-market at roughly kr49.00 per share. This transaction increased Sven-Olof's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Sven-Olof has been a buyer over the last 12 months, purchasing a net total of kr46m worth in shares. Reported Earnings • Apr 25
First quarter 2025 earnings released First quarter 2025 results: Revenue: kr571.5m (down 1.3% from 1Q 2024). Net income: kr141.6m (down 30% from 1Q 2024). Profit margin: 25% (down from 35% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 22
Upcoming dividend of kr0.55 per share Eligible shareholders must have bought the stock before 29 April 2025. Payment date: 07 May 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Swedish dividend payers (4.2%). In line with average of industry peers (2.3%). Announcement • Mar 18
FastPartner AB (publ), Annual General Meeting, Apr 24, 2025 FastPartner AB (publ), Annual General Meeting, Apr 24, 2025, at 16:00 W. Europe Standard Time. Location: scandic anglais, humlegardsgatan 23, 114 46, stockholm Sweden Recent Insider Transactions • Mar 14
VP & Marketing Manager recently bought kr846k worth of stock On the 10th of March, Christopher Johansson bought around 15k shares on-market at roughly kr56.43 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr9.3m more in shares than they have sold in the last 12 months. Major Estimate Revision • Mar 07
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr6.45 to kr5.17. Revenue forecast unchanged from kr2.27b at last update. Net income forecast to grow 46% next year vs 30% growth forecast for Real Estate industry in Sweden. Consensus price target of kr65.00 unchanged from last update. Share price fell 9.5% to kr56.10 over the past week. Major Estimate Revision • Feb 27
Consensus EPS estimates increase by 20%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from kr2.32b to kr2.27b. EPS estimate rose from kr5.38 to kr6.45. Net income forecast to grow 82% next year vs 30% growth forecast for Real Estate industry in Sweden. Consensus price target of kr65.00 unchanged from last update. Share price was steady at kr59.60 over the past week. Reported Earnings • Feb 14
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: kr3.28 (up from kr7.73 loss in FY 2023). Revenue: kr2.29b (up 2.4% from FY 2023). Net income: kr648.0m (up kr2.18b from FY 2023). Profit margin: 28% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jan 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to kr62.60. The fair value is estimated to be kr80.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Dec 23
VP & Marketing Manager recently bought kr286k worth of stock On the 19th of December, Christopher Johansson bought around 5k shares on-market at roughly kr63.58 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr3.6m. Insiders have collectively bought kr8.6m more in shares than they have sold in the last 12 months. Buy Or Sell Opportunity • Dec 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to kr65.80. The fair value is estimated to be kr82.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Nov 22
Founder recently bought kr3.3m worth of stock On the 19th of November, Sven-Olof Johansson bought around 50k shares on-market at roughly kr66.21 per share. This transaction increased Sven-Olof's direct individual holding by 1x at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr3.6m. Sven-Olof has been a buyer over the last 12 months, purchasing a net total of kr6.9m worth in shares. Recent Insider Transactions • Nov 08
Founder recently bought kr3.6m worth of stock On the 6th of November, Sven-Olof Johansson bought around 50k shares on-market at roughly kr71.09 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Sven-Olof's only on-market trade for the last 12 months. Upcoming Dividend • Oct 23
Upcoming dividend of kr0.50 per share Eligible shareholders must have bought the stock before 30 October 2024. Payment date: 05 November 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Swedish dividend payers (4.5%). Lower than average of industry peers (3.1%). Reported Earnings • Oct 17
Third quarter 2024 earnings released: EPS: kr0.59 (vs kr0.73 in 3Q 2023) Third quarter 2024 results: EPS: kr0.59 (down from kr0.73 in 3Q 2023). Revenue: kr574.0m (flat on 3Q 2023). Net income: kr116.0m (down 20% from 3Q 2023). Profit margin: 20% (down from 25% in 3Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Aug 06
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.8% to kr67.00. The fair value is estimated to be kr88.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Apr 22
Independent Chairman recently bought kr1.0m worth of stock On the 19th of April, Peter Carlsson bought around 15k shares on-market at roughly kr69.25 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Reported Earnings • Apr 19
First quarter 2024 earnings released: EPS: kr1.03 (vs kr0.61 in 1Q 2023) First quarter 2024 results: EPS: kr1.03 (up from kr0.61 in 1Q 2023). Revenue: kr578.9m (up 4.1% from 1Q 2023). Net income: kr203.3m (up 68% from 1Q 2023). Profit margin: 35% (up from 22% in 1Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Feb 09
Now 20% undervalued Over the last 90 days, the stock has risen 35% to kr59.20. The fair value is estimated to be kr74.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 09
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: kr7.73 loss per share (down from kr0.43 profit in FY 2022). Revenue: kr2.21b (up 10% from FY 2022). Net loss: kr1.53b (down kr1.61b from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. New Risk • Oct 24
New major risk - Revenue and earnings growth Earnings have declined by 21% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 21% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Upcoming Dividend • Oct 23
Upcoming dividend of kr0.50 per share at 2.6% yield Eligible shareholders must have bought the stock before 30 October 2023. Payment date: 03 November 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Swedish dividend payers (5.5%). Lower than average of industry peers (4.4%). Reported Earnings • Oct 20
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr544.6m (up 6.1% from 3Q 2022). Net income: kr145.2m (down 37% from 3Q 2022). Profit margin: 27% (down from 45% in 3Q 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Aug 14
Head of Sustainability & Projects recently bought kr147k worth of stock On the 11th of August, Svante Hedström bought around 3k shares on-market at roughly kr49.03 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr203k. Insiders have collectively bought kr3.3m more in shares than they have sold in the last 12 months. New Risk • Jul 25
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Recent Insider Transactions • Jul 17
VP & Marketing Director recently bought kr134k worth of stock On the 13th of July, Christopher Johansson bought around 3k shares on-market at roughly kr44.63 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr332k. Insiders have collectively bought kr4.5m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jul 07
Insider recently bought kr166k worth of stock On the 5th of July, Patrik Arnqvist bought around 4k shares on-market at roughly kr41.44 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr332k. Insiders have collectively bought kr4.5m more in shares than they have sold in the last 12 months. Price Target Changed • May 22
Price target decreased by 19% to kr70.00 Down from kr86.25, the current price target is provided by 1 analyst. New target price is 37% above last closing price of kr51.20. Stock is down 42% over the past year. The company is forecast to post a net loss per share of kr2.23 compared to earnings per share of kr0.43 last year. Major Estimate Revision • May 03
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -kr2.01 to -kr2.23 per share. Revenue forecast of kr2.29b unchanged since last update. Real Estate industry in Sweden expected to see average net income decline 96% next year. Consensus price target down from kr86.25 to kr81.25. Share price was steady at kr60.00 over the past week. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Katarina Staaf was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 24
Independent Director recently bought kr332k worth of stock On the 21st of April, Charlotte Bergman bought around 5k shares on-market at roughly kr62.65 per share. This transaction increased Charlotte's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr2.9m more in shares than they have sold in the last 12 months. Reported Earnings • Apr 23
First quarter 2023 earnings released: EPS: kr0.66 (vs kr0.83 in 1Q 2022) First quarter 2023 results: EPS: kr0.66 (down from kr0.83 in 1Q 2022). Revenue: kr556.2m (up 14% from 1Q 2022). Net income: kr121.3m (down 26% from 1Q 2022). Profit margin: 22% (down from 34% in 1Q 2022). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 20
Upcoming dividend of kr0.50 per share at 1.5% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 04 May 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.5%. Lower than top quartile of Swedish dividend payers (4.8%). Lower than average of industry peers (3.5%). Major Estimate Revision • Feb 16
Consensus EPS estimates increase from loss to kr3.97 profit The consensus outlook for fiscal year 2023 has been updated. 2023 forecast for profit of -kr2.11 instead of a loss of kr3.97 per share previously. Revenue forecast unchanged at kr2.26b. Real Estate industry in Sweden expected to see average net income decline 93% next year. Consensus price target of kr88.75 unchanged from last update. Share price fell 11% to kr72.60 over the past week. Reported Earnings • Feb 10
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: kr0.43 (down from kr17.05 in FY 2021). Revenue: kr2.00b (up 7.6% from FY 2021). Net income: kr84.5m (down 98% from FY 2021). Profit margin: 4.2% (down from 181% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year. Price Target Changed • Jan 18
Price target increased to kr88.75 Up from kr81.25, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of kr92.50. Stock is down 10% over the past year. The company is forecast to post earnings per share of kr5.94 for next year compared to kr17.05 last year. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 15% share price gain to kr91.00, the stock trades at a trailing P/E ratio of 6.4x. Average forward P/E is 15x in the Real Estate industry in Sweden. Negligible returns to shareholders over past three years. Reported Earnings • Oct 22
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr514.3m (up 12% from 3Q 2021). Net income: kr228.6m (down 31% from 3Q 2021). Profit margin: 44% (down from 72% in 3Q 2021). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Real Estate industry in Sweden. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 21
Upcoming dividend of kr1.10 per share Eligible shareholders must have bought the stock before 28 October 2022. Payment date: 03 November 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Swedish dividend payers (6.0%). Lower than average of industry peers (4.4%). Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr58.00, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 10x in the Real Estate industry in Sweden. Total loss to shareholders of 28% over the past three years. Major Estimate Revision • Jul 22
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from kr5.02 to kr6.44. Revenue forecast unchanged at kr2.01b. Net income forecast to shrink 103% next year vs 52% decline forecast for Real Estate industry in Sweden. Consensus price target down from kr96.25 to kr81.25. Share price rose 14% to kr73.50 over the past week. Price Target Changed • Jul 21
Price target decreased to kr81.25 Down from kr97.50, the current price target is provided by 1 analyst. New target price is 18% above last closing price of kr69.10. Stock is down 40% over the past year. The company is forecast to post earnings per share of kr6.44 for next year compared to kr17.05 last year. Major Estimate Revision • Jul 12
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from kr2.04b to kr2.01b. EPS estimate rose from kr3.81 to kr5.02. Net income forecast to shrink 88% next year vs 55% decline forecast for Real Estate industry in Sweden. Consensus price target broadly unchanged at kr96.25. Share price rose 2.1% to kr64.00 over the past week. Reported Earnings • Jul 07
Second quarter 2022 earnings released: EPS: kr4.82 (vs kr6.29 in 2Q 2021) Second quarter 2022 results: EPS: kr4.82 (down from kr6.29 in 2Q 2021). Revenue: kr492.4m (up 11% from 2Q 2021). Net income: kr880.9m (down 27% from 2Q 2021). Over the next year, revenue is forecast to grow 9.4%, compared to a 13% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jun 18
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from kr5.52 to kr3.81 per share. Revenue forecast steady at kr2.04b. Net income forecast to shrink 83% next year vs 50% decline forecast for Real Estate industry in Sweden. Consensus price target down from kr108 to kr97.50. Share price fell 8.3% to kr68.20 over the past week. Price Target Changed • Jun 17
Price target decreased to kr97.50 Down from kr113, the current price target is provided by 1 analyst. New target price is 43% above last closing price of kr68.30. Stock is down 36% over the past year. The company is forecast to post earnings per share of kr5.52 for next year compared to kr17.05 last year. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to kr66.80, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Real Estate industry in Sweden. Total loss to shareholders of 12% over the past three years. Recent Insider Transactions • May 11
Deputy CEO & Marketing Director recently bought kr76k worth of stock On the 6th of May, Christopher Johansson bought around 1k shares on-market at roughly kr75.70 per share. In the last 3 months, they made an even bigger purchase worth kr332k. Insiders have collectively bought kr1.9m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 04
Insider recently bought kr84k worth of stock On the 28th of April, Fredrik Thorgren bought around 1k shares on-market at roughly kr84.00 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr332k. Insiders have collectively bought kr1.9m more in shares than they have sold in the last 12 months. Major Estimate Revision • Apr 28
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from kr1.99b to kr2.04b. EPS estimate fell from kr6.25 to kr5.52 per share. Net income forecast to shrink 67% next year vs 52% decline forecast for Real Estate industry in Sweden. Consensus price target down from kr113 to kr108. Share price fell 6.6% to kr83.30 over the past week. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: kr0.83 (down from kr1.57 in 1Q 2021). Revenue: kr488.9m (up 5.8% from 1Q 2021). Net income: kr164.5m (down 45% from 1Q 2021). Profit margin: 34% (down from 65% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 52%. Over the next year, revenue is forecast to grow 9.5%, compared to a 12% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Apr 24
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: kr0.83 (down from kr1.57 in 1Q 2021). Revenue: kr488.9m (up 5.8% from 1Q 2021). Net income: kr164.5m (down 45% from 1Q 2021). Profit margin: 34% (down from 65% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 52%. Over the next year, revenue is forecast to grow 9.1%, compared to a 13% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Apr 21
Upcoming dividend of kr1.10 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 04 May 2022. Payout ratio is a comfortable 13% and the cash payout ratio is 86%. Trailing yield: 2.4%. Lower than top quartile of Swedish dividend payers (4.7%). Lower than average of industry peers (2.9%). Recent Insider Transactions • Mar 09
Chief Financial Officer recently bought kr191k worth of stock On the 4th of March, Daniel Gerlach bought around 2k shares on-market at roughly kr95.50 per share. This was the largest purchase by an insider in the last 3 months. This was Daniel's only on-market trade for the last 12 months. Recent Insider Transactions • Feb 18
Insider recently bought kr105k worth of stock On the 15th of February, Patrik Arnqvist bought around 1k shares on-market at roughly kr105 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr108k. Insiders have collectively bought kr496k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 12
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: kr17.60 (up from kr8.54 in FY 2020). Revenue: kr1.86b (up 1.8% from FY 2020). Net income: kr3.37b (up 106% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 52%. Over the next year, revenue is forecast to grow 4.6%, compared to a 15% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.