Cibus Nordic Real Estate AB (publ)

OM:CIBUS Stock Report

Market Cap: SEK 10.6b

Cibus Nordic Real Estate Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: CIBUS (SEK170.95) is trading below our estimate of fair value (SEK213.26)

Significantly Below Fair Value: CIBUS 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 CIBUS?

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

The above table shows the Price to Sales ratio for CIBUS. This is calculated by dividing CIBUS's market cap by their current revenue.
What is CIBUS's PS Ratio?
PS Ratio6.7x
Sales€140.01m
Market Cap€927.21m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for CIBUS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7x
INTEA B Intea Fastigheter
9.6xn/aSEK 10.7b
DIOS Diös Fastigheter
4.2x2.6%SEK 10.9b
PLAZ B Platzer Fastigheter Holding
6.3x5.8%SEK 9.8b
NP3 NP3 Fastigheter
7.9x8.2%SEK 14.7b
CIBUS Cibus Nordic Real Estate
6.7x1.1%SEK 10.6b

Price-To-Sales vs Peers: CIBUS is good value based on its Price-To-Sales Ratio (6.7x) compared to the peer average (7x).

Price to Sales Ratio vs Industry

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

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
HEIM PREF Heimstaden
0.2xn/aUS$268.75m
WBGR B Wästbygg Gruppen
0.2x0.2%US$74.42m
FASTAT Aktiebolaget Fastator
0.2xn/aUS$7.98m
SAMT B Samtrygg Group
0.06xn/aUS$3.15m
CIBUS 6.7xIndustry Avg. 5.3xNo. of Companies9PS03.26.49.612.816+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CIBUS is expensive based on its Price-To-Sales Ratio (6.7x) compared to the Swedish Real Estate industry average (5.3x).

Price to Sales Ratio vs Fair Ratio

What is CIBUS'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.

CIBUS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.7x
Fair PS Ratio9.7x

Price-To-Sales vs Fair Ratio: CIBUS is good value based on its Price-To-Sales Ratio (6.7x) compared to the estimated Fair Price-To-Sales Ratio (9.7x).

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 CIBUS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 170.95
SEK 182.92
+7.0%
12.9%SEK 210.03SEK 151.64n/a4
Dec ’25SEK 174.60
SEK 185.32
+6.1%
11.8%SEK 201.33SEK 154.49n/a3
Nov ’25SEK 171.85
SEK 180.04
+4.8%
13.0%SEK 203.50SEK 156.58n/a2
Oct ’25SEK 179.70
SEK 177.14
-1.4%
13.0%SEK 200.22SEK 154.06n/a2
Jul ’24SEK 104.85
SEK 131.17
+25.1%
2.0%SEK 133.74SEK 128.60SEK 160.902
Jun ’24SEK 100.40
SEK 140.56
+40.0%
13.4%SEK 167.07SEK 124.81SEK 153.253
May ’24SEK 109.50
SEK 140.56
+28.4%
13.4%SEK 167.07SEK 124.81SEK 144.653
Apr ’24SEK 108.30
SEK 148.26
+36.9%
12.3%SEK 166.43SEK 130.10SEK 140.302
Mar ’24SEK 120.60
SEK 149.40
+23.9%
9.6%SEK 163.70SEK 135.11SEK 118.452
Feb ’24SEK 149.90
SEK 162.39
+8.3%
1.5%SEK 164.86SEK 159.92SEK 121.402
Jan ’24SEK 143.40
SEK 172.82
+20.5%
7.2%SEK 185.31SEK 160.34SEK 133.902
Dec ’23SEK 146.25
SEK 172.82
+18.2%
7.2%SEK 185.31SEK 160.34SEK 130.952

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 Analysis2024/12/20 18:23
End of Day Share Price 2024/12/20 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

Cibus Nordic Real Estate AB (publ) is covered by 5 analysts. 4 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