Corem Property Group AB (publ)

OM:CORE A Stock Report

Market Cap: SEK 10.6b

Corem Property Group Valuation

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

Discounted Cash Flow
Simply Wall St
SEK 1.31
Fair Value
305.0% overvalued intrinsic discount
1
Number of Analysts

Below Fair Value: CORE A (SEK5.3) is trading above our estimate of fair value (SEK1.31)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for CORE A. This is calculated by dividing CORE A's market cap by their current revenue.
What is CORE A's PS Ratio?
PS Ratio1.7x
SalesSEK 3.70b
Market CapSEK 10.60b

Price to Sales Ratio vs Peers

How does CORE A's PS Ratio compare to its peers?

The above table shows the PS ratio for CORE A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.4x
DIOS Diös Fastigheter
3.9x2.8%SEK 9.9b
PLAZ B Platzer Fastigheter Holding
6x5.3%SEK 9.9b
FPAR A FastPartner
5.1x1.4%SEK 11.7b
CIBUS Cibus Nordic Real Estate
6.5x5.9%SEK 10.4b
CORE A Corem Property Group
1.7x1.3%SEK 10.6b

Price-To-Sales vs Peers: CORE A is good value based on its Price-To-Sales Ratio (1.7x) compared to the peer average (5.4x).

Price to Sales Ratio vs Industry

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

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
HEIM PREF Heimstaden
0.1xn/aUS$236.75m
WBGR B Wästbygg Gruppen
0.09x-9.9%US$40.95m
FASTAT Aktiebolaget Fastator
0.3xn/aUS$11.01m
SAMT B Samtrygg Group
0.08xn/aUS$3.72m
CORE A 1.7xIndustry Avg. 5.3xNo. of Companies10PS03.26.49.612.816+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CORE A is good value based on its Price-To-Sales Ratio (1.7x) compared to the Swedish Real Estate industry average (5.3x).

Price to Sales Ratio vs Fair Ratio

What is CORE A'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.

CORE A PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.7x
Fair PS Ratio4.4x

Price-To-Sales vs Fair Ratio: CORE A is good value based on its Price-To-Sales Ratio (1.7x) compared to the estimated Fair Price-To-Sales Ratio (4.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Price Target
Consensus Narrative from 1 Analyst
SEK 9.00
Fair Value
41.1% undervalued intrinsic discount
1
Number of Analysts

Analyst Forecast: Insufficient data to show price forecast.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/20 09:10
End of Day Share Price 2025/02/20 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

Corem Property Group AB (publ) is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Niklas WetterlingDNB Markets
Staffan BulowNordea Markets
Viktor HökenhammarPareto Securities