Samhällsbyggnadsbolaget i Norden AB (publ)

BATS-CHIXE:SBBBS Stock Report

Market Cap: SEK 9.6b

Samhällsbyggnadsbolaget i Norden Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 SBBBS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 0.22
Fair Value
2.1k% overvalued intrinsic discount
2
Number of Analysts

Below Fair Value: SBBBS (SEK4.83) is trading above our estimate of fair value (SEK0.22)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SBBBS. This is calculated by dividing SBBBS's market cap by their current revenue.
What is SBBBS's PS Ratio?
PS Ratio2.4x
SalesSEK 3.75b
Market CapSEK 9.59b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SBBBS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.3x
GRI Grainger
5.4x-22.0%UK£1.6b
SRE Sirius Real Estate
4.7x-4.0%UK£1.2b
IWG International Workplace Group
0.6x3.4%UK£1.7b
TPFG Property Franchise Group
6.4x42.5%UK£260.8m
SBBBS Samhällsbyggnadsbolaget i Norden
2.4x1.6%SEK 9.6b

Price-To-Sales vs Peers: SBBBS is good value based on its Price-To-Sales Ratio (2.4x) compared to the peer average (4.3x).

Price to Sales Ratio vs Industry

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

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
IWG International Workplace Group
0.6x3.4%US$2.17b
ETLN Etalon Group
0.3x10.5%US$210.89m
WJG Watkin Jones
0.2x8.1%US$102.05m
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: SBBBS is good value based on its Price-To-Sales Ratio (2.4x) compared to the UK Real Estate industry average (4.2x).

Price to Sales Ratio vs Fair Ratio

What is SBBBS'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.

SBBBS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate SBBBS'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 SBBBS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 3.90
0%
28.2%SEK 5.00SEK 2.80n/a2
May ’25n/a
SEK 6.40
0%
60.9%SEK 10.30SEK 2.50n/a2
Apr ’25n/a
SEK 5.27
0%
67.7%SEK 10.30SEK 2.50n/a3
Mar ’25SEK 3.88
SEK 5.60
+44.4%
59.5%SEK 10.30SEK 3.00n/a3
Feb ’25SEK 4.68
SEK 5.58
+19.1%
48.5%SEK 10.30SEK 3.00n/a7
Jan ’25n/a
SEK 5.19
0%
57.3%SEK 10.30SEK 2.50n/a7
Dec ’24SEK 3.75
SEK 4.77
+27.2%
63.0%SEK 10.30SEK 1.80n/a8
Nov ’24n/a
SEK 5.31
0%
50.6%SEK 10.30SEK 1.80n/a8
Oct ’24SEK 3.70
SEK 5.71
+54.1%
48.6%SEK 11.60SEK 3.30SEK 7.478
Sep ’24n/a
SEK 5.71
0%
48.6%SEK 11.60SEK 3.30n/a8
Aug ’24n/a
SEK 5.79
0%
46.7%SEK 11.60SEK 4.00n/a8
Jul ’24n/a
SEK 8.15
0%
43.4%SEK 12.50SEK 4.00n/a8
Jun ’24SEK 4.32
SEK 9.88
+128.7%
54.1%SEK 22.00SEK 5.00SEK 4.948
May ’24SEK 12.33
SEK 16.69
+35.3%
34.0%SEK 25.00SEK 9.50n/a8
Apr ’24SEK 14.18
SEK 19.00
+34.0%
22.5%SEK 26.00SEK 14.00n/a7
Mar ’24SEK 16.52
SEK 20.50
+24.1%
17.1%SEK 26.00SEK 15.00SEK 3.887
Feb ’24n/a
SEK 21.71
0%
21.1%SEK 29.00SEK 17.00SEK 4.687
Analyst Price Target
Consensus Narrative from 2 Analysts
SEK 3.30
Fair Value
46.4% overvalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/31 02:53
End of Day Share Price 2025/01/14 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

Samhällsbyggnadsbolaget i Norden AB (publ) is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Markus HenrikssonABG Sundal Collier Sponsored
Erik GranströmCarnegie Investment Bank AB