Cibus Nordic Real Estate AB (publ)

LSE:0ABQ Stock Report

Market Cap: SEK 10.4b

Cibus Nordic Real Estate Valuation

Is 0ABQ 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 0ABQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 167.70
Fair Value
1.7% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: 0ABQ (SEK164.8) is trading below our estimate of fair value (SEK167.7)

Significantly Below Fair Value: 0ABQ is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0ABQ?

Key metric: As 0ABQ is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0ABQ. This is calculated by dividing 0ABQ's market cap by their current revenue.
What is 0ABQ's PS Ratio?
PS Ratio6.5x
Sales€142.40m
Market Cap€931.15m

Price to Sales Ratio vs Peers

How does 0ABQ's PS Ratio compare to its peers?

The above table shows the PS ratio for 0ABQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.4x
SRE Sirius Real Estate
4.7x-4.4%UK£1.2b
GRI Grainger
5.4x-22.0%UK£1.6b
IWG International Workplace Group
0.7x4.3%UK£2.0b
TPFG Property Franchise Group
6.8x42.5%UK£278.2m
0ABQ Cibus Nordic Real Estate
6.5x5.9%SEK 10.4b

Price-To-Sales vs Peers: 0ABQ is expensive based on its Price-To-Sales Ratio (6.5x) compared to the peer average (4.4x).

Price to Sales Ratio vs Industry

How does 0ABQ's PS Ratio compare vs other companies in the GB Real Estate Industry?

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
ETLN Etalon Group
0.3x10.5%US$210.89m
WJG Watkin Jones
0.2x8.1%US$100.83m
RAV Raven Property Group
0.1x-0.2%US$23.74m
ASIA Asia Strategic Holdings
0.4xn/aUS$12.84m
0ABQ 6.5xIndustry Avg. 3.9xNo. of Companies9PS02.44.87.29.612+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0ABQ is expensive based on its Price-To-Sales Ratio (6.5x) compared to the UK Real Estate industry average (3.9x).

Price to Sales Ratio vs Fair Ratio

What is 0ABQ'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.

0ABQ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.5x
Fair PS Ratio8x

Price-To-Sales vs Fair Ratio: 0ABQ is good value based on its Price-To-Sales Ratio (6.5x) compared to the estimated Fair Price-To-Sales Ratio (8x).

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 0ABQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 164.80
SEK 191.12
+16.0%
13.5%SEK 209.43SEK 154.50n/a3
Feb ’26SEK 179.80
SEK 189.87
+5.6%
13.1%SEK 211.36SEK 154.93n/a3
Jan ’26SEK 175.15
SEK 187.90
+7.3%
13.8%SEK 210.03SEK 151.64n/a3
Dec ’25SEK 174.85
SEK 185.32
+6.0%
11.8%SEK 201.33SEK 154.49n/a3
Nov ’25SEK 173.05
SEK 180.04
+4.0%
13.0%SEK 203.50SEK 156.58n/a2
Oct ’25SEK 180.43
SEK 177.14
-1.8%
13.0%SEK 200.22SEK 154.06n/a2
Jul ’24SEK 104.77
SEK 131.17
+25.2%
2.0%SEK 133.74SEK 128.60SEK 160.852
Jun ’24SEK 100.39
SEK 140.56
+40.0%
13.4%SEK 167.07SEK 124.81SEK 153.193
May ’24SEK 109.79
SEK 140.56
+28.0%
13.4%SEK 167.07SEK 124.81SEK 144.653
Apr ’24SEK 109.36
SEK 148.26
+35.6%
12.3%SEK 166.43SEK 130.10SEK 140.152
Mar ’24SEK 120.61
SEK 149.40
+23.9%
9.6%SEK 163.70SEK 135.11SEK 118.502
Feb ’24SEK 149.93
SEK 162.39
+8.3%
1.5%SEK 164.86SEK 159.92SEK 122.352
Analyst Price Target
Consensus Narrative from 3 Analysts
SEK 191.12
Fair Value
13.8% undervalued intrinsic discount
3
Number of Analysts

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 Analysis2025/02/23 08:45
End of Day Share Price 2025/02/21 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

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

Cibus Nordic Real Estate AB (publ) is covered by 5 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
Stéphanie DossmannJefferies LLC
Svante KrokforsNordea Markets