Fabege AB (publ)

OM:FABG Stock Report

Market Cap: SEK 25.8b

Fabege Valuation

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

Below Fair Value: FABG (SEK82) is trading above our estimate of fair value (SEK6.79)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for FABG. This is calculated by dividing FABG's market cap by their current revenue.
What is FABG's PS Ratio?
PS Ratio7.1x
SalesSEK 3.65b
Market CapSEK 25.80b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for FABG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.5x
ATRLJ B Atrium Ljungberg
6.3x-2.7%SEK 24.7b
HUFV A Hufvudstaden
7.8x2.2%SEK 24.4b
CATE Catena
14.1x18.1%SEK 28.4b
NYF Nyfosa
5.8x-0.2%SEK 22.4b
FABG Fabege
7.1x2.8%SEK 25.8b

Price-To-Sales vs Peers: FABG is good value based on its Price-To-Sales Ratio (7.1x) compared to the peer average (8.5x).

Price to Sales Ratio vs Industry

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

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
HEIM PREF Heimstaden
0.2xn/aUS$265.20m
WBGR B Wästbygg Gruppen
0.2x0.2%US$72.44m
FASTAT Aktiebolaget Fastator
0.2xn/aUS$7.79m
SAMT B Samtrygg Group
0.06xn/aUS$2.60m
FABG 7.1xIndustry Avg. 5.4xNo. of Companies9PS03.26.49.612.816+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FABG is expensive based on its Price-To-Sales Ratio (7.1x) compared to the Swedish Real Estate industry average (5.4x).

Price to Sales Ratio vs Fair Ratio

What is FABG'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.

FABG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.1x
Fair PS Ratio7.3x

Price-To-Sales vs Fair Ratio: FABG is good value based on its Price-To-Sales Ratio (7.1x) compared to the estimated Fair Price-To-Sales Ratio (7.3x).

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 FABG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 82.00
SEK 86.76
+5.8%
15.6%SEK 120.00SEK 65.60n/a10
Dec ’25SEK 84.90
SEK 87.72
+3.3%
14.1%SEK 120.00SEK 71.20n/a10
Nov ’25SEK 84.00
SEK 88.21
+5.0%
13.4%SEK 120.00SEK 76.10n/a10
Oct ’25SEK 102.00
SEK 89.81
-12.0%
16.3%SEK 120.00SEK 76.10n/a10
Sep ’25SEK 90.90
SEK 88.27
-2.9%
18.6%SEK 120.00SEK 72.40n/a9
Aug ’25SEK 90.85
SEK 88.27
-2.8%
18.6%SEK 120.00SEK 72.40n/a9
Jul ’25SEK 83.30
SEK 89.02
+6.9%
19.3%SEK 120.00SEK 69.20n/a9
Jun ’25SEK 89.35
SEK 89.47
+0.1%
19.9%SEK 120.00SEK 63.20n/a9
May ’25SEK 85.30
SEK 89.69
+5.1%
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 87.24
SEK 94.93
+8.8%
19.3%SEK 120.00SEK 64.40n/a8
Feb ’25SEK 95.62
SEK 97.19
+1.6%
21.7%SEK 130.00SEK 62.50n/a8
Jan ’25SEK 108.20
SEK 87.65
-19.0%
21.1%SEK 120.00SEK 54.20n/a8
Dec ’24SEK 95.84
SEK 87.58
-8.6%
21.2%SEK 120.00SEK 53.60SEK 84.908
Nov ’24SEK 83.52
SEK 89.45
+7.1%
20.7%SEK 120.00SEK 53.60SEK 84.008
Oct ’24SEK 87.32
SEK 92.74
+6.2%
20.8%SEK 120.00SEK 51.70SEK 102.009
Sep ’24SEK 92.54
SEK 92.74
+0.2%
20.8%SEK 120.00SEK 51.70SEK 90.909
Aug ’24SEK 90.26
SEK 93.00
+3.0%
20.1%SEK 120.00SEK 54.00SEK 90.859
Jul ’24SEK 77.56
SEK 90.91
+17.2%
20.4%SEK 120.00SEK 59.30SEK 83.308
Jun ’24SEK 77.76
SEK 91.36
+17.5%
18.5%SEK 120.00SEK 62.20SEK 89.359
May ’24SEK 82.10
SEK 93.99
+14.5%
22.8%SEK 120.00SEK 58.90SEK 85.308
Apr ’24SEK 79.62
SEK 98.10
+23.2%
20.3%SEK 120.00SEK 58.90SEK 100.109
Mar ’24SEK 85.60
SEK 99.08
+15.7%
18.3%SEK 120.00SEK 67.70SEK 87.249
Feb ’24SEK 100.15
SEK 99.26
-0.9%
19.4%SEK 120.00SEK 69.30SEK 95.629
Jan ’24SEK 88.70
SEK 82.52
-7.0%
17.8%SEK 120.00SEK 63.70SEK 108.209
Dec ’23SEK 87.92
SEK 82.76
-5.9%
17.4%SEK 120.00SEK 65.80SEK 95.849

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 Analysis2024/12/22 02:38
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

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