Fabege AB (publ)

BATS-CHIXE:FABGS Stock Report

Market Cap: SEK 25.8b

Fabege Valuation

Is FABGS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FABGS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FABGS (SEK85) is trading above our estimate of fair value (SEK6.91)

Significantly Below Fair Value: FABGS is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FABGS?

Key metric: As FABGS is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FABGS. This is calculated by dividing FABGS's market cap by their current revenue.
What is FABGS's PS Ratio?
PS Ratio7.1x
SalesSEK 3.65b
Market CapSEK 25.80b

Price to Sales Ratio vs Peers

How does FABGS's PS Ratio compare to its peers?

The above table shows the PS ratio for FABGS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.2x
IWG International Workplace Group
0.5x3.2%UK£1.5b
GRI Grainger
5.7x-23.5%UK£1.7b
SRE Sirius Real Estate
4.6x-4.0%UK£1.2b
TPFG Property Franchise Group
6.1x42.4%UK£249.1m
FABGS Fabege
7.1x2.8%SEK 25.8b

Price-To-Sales vs Peers: FABGS is expensive based on its Price-To-Sales Ratio (7.1x) compared to the peer average (4.2x).

Price to Sales Ratio vs Industry

How does FABGS's PS Ratio compare vs other companies in the GB Real Estate Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
IWG International Workplace Group
0.5x3.2%US$1.95b
ETLN Etalon Group
0.3x10.5%US$210.89m
WJG Watkin Jones
0.1x1.6%US$58.55m
RAV Raven Property Group
0.1x-0.2%US$23.74m
No. of Companies10PS02.44.87.29.612+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FABGS is expensive based on its Price-To-Sales Ratio (7.1x) compared to the UK Real Estate industry average (4.4x).

Price to Sales Ratio vs Fair Ratio

What is FABGS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FABGS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.1x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate FABGS's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FABGS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 86.76
0%
15.6%SEK 120.00SEK 65.60n/a10
Dec ’25n/a
SEK 87.72
0%
14.1%SEK 120.00SEK 71.20n/a10
Nov ’25SEK 84.80
SEK 88.21
+4.0%
13.4%SEK 120.00SEK 76.10n/a10
Oct ’25n/a
SEK 89.81
0%
16.3%SEK 120.00SEK 76.10n/a10
Sep ’25n/a
SEK 88.27
0%
18.6%SEK 120.00SEK 72.40n/a9
Aug ’25SEK 91.18
SEK 88.27
-3.2%
18.6%SEK 120.00SEK 72.40n/a9
Jul ’25n/a
SEK 89.02
0%
19.3%SEK 120.00SEK 69.20n/a9
Jun ’25n/a
SEK 89.47
0%
19.9%SEK 120.00SEK 63.20n/a9
May ’25n/a
SEK 89.69
0%
20.4%SEK 120.00SEK 63.20n/a9
Apr ’25n/a
SEK 93.71
0%
20.2%SEK 120.00SEK 64.70n/a8
Mar ’25n/a
SEK 94.93
0%
19.3%SEK 120.00SEK 64.40n/a8
Feb ’25n/a
SEK 97.19
0%
21.7%SEK 130.00SEK 62.50n/a8
Jan ’25n/a
SEK 87.65
0%
21.1%SEK 120.00SEK 54.20n/a8
Dec ’24n/a
SEK 87.58
0%
21.2%SEK 120.00SEK 53.60n/a8
Nov ’24n/a
SEK 89.45
0%
20.7%SEK 120.00SEK 53.60SEK 84.808
Oct ’24n/a
SEK 92.74
0%
20.8%SEK 120.00SEK 51.70n/a9
Sep ’24n/a
SEK 92.74
0%
20.8%SEK 120.00SEK 51.70n/a9
Aug ’24n/a
SEK 93.00
0%
20.1%SEK 120.00SEK 54.00SEK 91.189
Jul ’24SEK 77.58
SEK 90.91
+17.2%
20.4%SEK 120.00SEK 59.30n/a8
Jun ’24SEK 80.36
SEK 91.36
+13.7%
18.5%SEK 120.00SEK 62.20n/a9
May ’24SEK 79.18
SEK 93.99
+18.7%
22.8%SEK 120.00SEK 58.90n/a8
Apr ’24SEK 73.69
SEK 98.10
+33.1%
20.3%SEK 120.00SEK 58.90n/a9
Mar ’24SEK 88.34
SEK 99.08
+12.2%
18.3%SEK 120.00SEK 67.70n/a9
Feb ’24SEK 104.75
SEK 99.26
-5.2%
19.4%SEK 120.00SEK 69.30n/a9
Jan ’24n/a
SEK 82.52
0%
17.8%SEK 120.00SEK 63.70n/a9
Dec ’23SEK 88.12
SEK 82.76
-6.1%
17.4%SEK 120.00SEK 65.80n/a9

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 23:32
End of Day Share Price 2024/12/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

Fabege AB (publ) is covered by 24 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tobias KajABG Sundal Collier
Ruud Van MaanenABN AMRO Bank N.V.
Paul MayBarclays