Heimstaden Valuation

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

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HEIM PREF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HEIM PREF (SEK14.38) is trading below our estimate of fair value (SEK259.52)

Significantly Below Fair Value: HEIM PREF is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As HEIM PREF is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HEIM PREF. This is calculated by dividing HEIM PREF's market cap by their current earnings.
What is HEIM PREF's PE Ratio?
PE Ratio	7.1x
Earnings	SEK 385.00m
Market Cap	SEK 2.76b

HEIM PREF 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	17.3x
Enterprise Value/EBITDA	29.7x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does HEIM PREF's PE Ratio compare to its peers?

The above table shows the PE ratio for HEIM PREF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	32.8x
NIVI B Nivika Fastigheter	27.3x	37.4%	SEK 3.6b
EAST Eastnine	52.2x	55.5%	SEK 3.9b
EMIL B Fastighetsbolaget Emilshus	49.3x	29.7%	SEK 5.7b
AJA B Byggmästare Anders J Ahlström Holding	2.5x	n/a	SEK 1.9b
HEIM PREF Heimstaden	7.1x	n/a	SEK 2.8b

Price-To-Earnings vs Peers: HEIM PREF is good value based on its Price-To-Earnings Ratio (7.1x) compared to the peer average (32.8x).

Price to Earnings Ratio vs Industry

How does HEIM PREF's PE Ratio compare vs other companies in the SE Real Estate Industry?

6 Companies	Price / Earnings	Estimated Growth	Market Cap
AJA B Byggmästare Anders J Ahlström Holding	2.5x	n/a	US$168.64m
TORSAB Torslanda Property Investment	1.8x	n/a	US$95.65m
TITA B Titania Holding	1.8x	-1.3%	US$46.77m
HALMEN Halmslätten Fastighets	1.2x	n/a	US$35.58m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: HEIM PREF is good value based on its Price-To-Earnings Ratio (7.1x) compared to the Swedish Real Estate industry average (44.6x).

Price to Earnings Ratio vs Fair Ratio

What is HEIM PREF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HEIM PREF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	7.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HEIM PREF's Price-To-Earnings 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.

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