Brinova Fastigheter Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: BRIN B (SEK22.9) is trading above our estimate of fair value (SEK13.18)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BRIN B. This is calculated by dividing BRIN B's market cap by their current revenue.
What is BRIN B's PS Ratio?
PS Ratio	4.1x
Sales	SEK 542.90m
Market Cap	SEK 2.24b

BRIN B key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	13.6x
Enterprise Value/EBITDA	23.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does BRIN B's PS Ratio compare to its peers?

The above table shows the PS ratio for BRIN B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	3x
KLARA B KlaraBo Sverige	3.7x	8.9%	SEK 2.3b
NEOBO Neobo Fastigheter	3.4x	n/a	SEK 3.1b
ANNE B Annehem Fastigheter	4.7x	8.5%	SEK 1.5b
HEIM PREF Heimstaden	0.2x	n/a	SEK 3.3b
BRIN B Brinova Fastigheter	4.1x	n/a	SEK 2.2b

Price-To-Sales vs Peers: BRIN B is expensive based on its Price-To-Sales Ratio (4.1x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

How does BRIN B's PS Ratio compare vs other companies in the SE Real Estate Industry?

6 Companies	Price / Sales	Estimated Growth	Market Cap
HEIM PREF Heimstaden	0.2x	n/a	US$299.90m
WBGR B Wästbygg Gruppen	0.2x	0.2%	US$86.96m
FASTAT Aktiebolaget Fastator	0.3x	n/a	US$10.25m
SAMT B Samtrygg Group	0.07x	n/a	US$3.00m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: BRIN B is good value based on its Price-To-Sales Ratio (4.1x) compared to the Swedish Real Estate industry average (5.5x).

Price to Sales Ratio vs Fair Ratio

What is BRIN B'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.

BRIN B PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	4.1x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate BRIN B'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?

Analyst Forecast: Insufficient data to show price forecast.