Fabege AB (publ)

LSE:0XPX Stock Report

Market Cap: SEK 26.2b

Fabege Valuation

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

Below Fair Value: 0XPX (SEK83.3) is trading above our estimate of fair value (SEK6.73)

Significantly Below Fair Value: 0XPX is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for 0XPX. This is calculated by dividing 0XPX's market cap by their current revenue.
What is 0XPX's PS Ratio?
PS Ratio7.2x
SalesSEK 3.65b
Market CapSEK 26.22b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for 0XPX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.3x
IWG International Workplace Group
0.5x3.2%UK£1.6b
GRI Grainger
5.7x-23.5%UK£1.7b
SRE Sirius Real Estate
4.6x-4.0%UK£1.2b
TPFG Property Franchise Group
6.3x42.4%UK£256.1m
0XPX Fabege
7.1x2.8%SEK 26.2b

Price-To-Sales vs Peers: 0XPX is expensive based on its Price-To-Sales Ratio (7.1x) compared to the peer average (4.3x).

Price to Sales Ratio vs Industry

How does 0XPX'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$2.02b
ETLN Etalon Group
0.3x10.5%US$210.89m
WJG Watkin Jones
0.1x1.6%US$64.68m
RAV Raven Property Group
0.1x-0.2%US$23.74m
0XPX 7.2xIndustry Avg. 4.3xNo. of Companies10PS02.44.87.29.612+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0XPX is expensive based on its Price-To-Sales Ratio (7.1x) compared to the UK Real Estate industry average (4.3x).

Price to Sales Ratio vs Fair Ratio

What is 0XPX'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.

0XPX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.2x
Fair PS Ratio6.1x

Price-To-Sales vs Fair Ratio: 0XPX is expensive based on its Price-To-Sales Ratio (7.1x) compared to the estimated Fair Price-To-Sales Ratio (6.1x).

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 0XPX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 83.30
SEK 86.76
+4.2%
15.6%SEK 120.00SEK 65.60n/a10
Dec ’25SEK 85.03
SEK 87.72
+3.2%
14.1%SEK 120.00SEK 71.20n/a10
Nov ’25SEK 84.55
SEK 88.21
+4.3%
13.4%SEK 120.00SEK 76.10n/a10
Oct ’25SEK 104.30
SEK 89.81
-13.9%
16.3%SEK 120.00SEK 76.10n/a10
Sep ’25SEK 90.55
SEK 88.27
-2.5%
18.6%SEK 120.00SEK 72.40n/a9
Aug ’25SEK 90.41
SEK 88.27
-2.4%
18.6%SEK 120.00SEK 72.40n/a9
Jul ’25SEK 84.59
SEK 89.02
+5.2%
19.3%SEK 120.00SEK 69.20n/a9
Jun ’25SEK 88.72
SEK 89.47
+0.8%
19.9%SEK 120.00SEK 63.20n/a9
May ’25SEK 84.40
SEK 89.69
+6.3%
20.4%SEK 120.00SEK 63.20n/a9
Apr ’25SEK 100.10
SEK 93.71
-6.4%
20.2%SEK 120.00SEK 64.70n/a8
Mar ’25SEK 86.17
SEK 94.93
+10.2%
19.3%SEK 120.00SEK 64.40n/a8
Feb ’25SEK 96.69
SEK 97.19
+0.5%
21.7%SEK 130.00SEK 62.50n/a8
Jan ’25SEK 108.20
SEK 87.65
-19.0%
21.1%SEK 120.00SEK 54.20SEK 82.878
Dec ’24SEK 93.55
SEK 87.58
-6.4%
21.2%SEK 120.00SEK 53.60SEK 85.038
Nov ’24SEK 83.04
SEK 89.45
+7.7%
20.7%SEK 120.00SEK 53.60SEK 84.558
Oct ’24SEK 87.04
SEK 92.74
+6.5%
20.8%SEK 120.00SEK 51.70SEK 104.309
Sep ’24SEK 93.51
SEK 92.74
-0.8%
20.8%SEK 120.00SEK 51.70SEK 90.559
Aug ’24SEK 90.69
SEK 93.00
+2.5%
20.1%SEK 120.00SEK 54.00SEK 90.419
Jul ’24SEK 77.34
SEK 90.91
+17.5%
20.4%SEK 120.00SEK 59.30SEK 84.598
Jun ’24SEK 77.13
SEK 91.36
+18.4%
18.5%SEK 120.00SEK 62.20SEK 88.729
May ’24SEK 82.51
SEK 93.99
+13.9%
22.8%SEK 120.00SEK 58.90SEK 84.408
Apr ’24SEK 78.94
SEK 98.10
+24.3%
20.3%SEK 120.00SEK 58.90SEK 100.109
Mar ’24SEK 86.57
SEK 99.08
+14.4%
18.3%SEK 120.00SEK 67.70SEK 86.179
Feb ’24SEK 99.78
SEK 99.26
-0.5%
19.4%SEK 120.00SEK 69.30SEK 96.699
Jan ’24SEK 90.26
SEK 82.52
-8.6%
17.8%SEK 120.00SEK 63.70SEK 108.209

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 Analysis2025/01/03 15:55
End of Day Share Price 2025/01/02 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