Hufvudstaden AB (publ)

OM:HUFV A Stock Report

Market Cap: SEK 24.2b

Hufvudstaden Valuation

Is HUFV A 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-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 HUFV 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 39.86
Fair Value
199.8% overvalued intrinsic discount
6
Number of Analysts

Below Fair Value: HUFV A (SEK119.5) is trading above our estimate of fair value (SEK39.86)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HUFV A. This is calculated by dividing HUFV A's market cap by their current earnings.
What is HUFV A's PE Ratio?
PE Ratio28.7x
EarningsSEK 842.00m
Market CapSEK 24.18b

Price to Earnings Ratio vs Peers

How does HUFV A's PE Ratio compare to its peers?

The above table shows the PE ratio for HUFV A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average50.5x
FABG Fabege
126x63.32%SEK 25.4b
WALL B Wallenstam
31.4x16.26%SEK 28.9b
ATRLJ B Atrium Ljungberg
28.9x20.57%SEK 20.3b
WIHL Wihlborgs Fastigheter
15.9x5.07%SEK 30.0b
HUFV A Hufvudstaden
28.7x20.94%SEK 24.2b

Price-To-Earnings vs Peers: HUFV A is good value based on its Price-To-Earnings Ratio (28.7x) compared to the peer average (50.5x).

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HEIM PREF Heimstaden
0.7xn/aUS$327.64m
TORSAB Torslanda Property Investment
1.8xn/aUS$95.65m
TITA B Titania Holding
1.3x-31.28%US$73.58m
HALMEN Halmslätten Fastighets
1.2xn/aUS$35.58m
HUFV A 28.7xIndustry Avg. 19.8xNo. of Companies7PE01224364860+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HUFV A is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the Swedish Real Estate industry average (19.7x).

Price to Earnings Ratio vs Fair Ratio

What is HUFV A'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.

HUFV A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.7x
Fair PE Ratio26.3x

Price-To-Earnings vs Fair Ratio: HUFV A is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the estimated Fair Price-To-Earnings Ratio (26.3x).

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 HUFV A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 119.50
SEK 125.17
+4.74%
9.57%SEK 140.00SEK 106.00n/a6
Jul ’26SEK 125.20
SEK 125.17
-0.027%
9.57%SEK 140.00SEK 106.00n/a6
Jun ’26SEK 122.10
SEK 123.67
+1.28%
7.84%SEK 135.00SEK 105.00n/a6
May ’26SEK 117.50
SEK 128.71
+9.54%
8.68%SEK 139.00SEK 105.00n/a7
Apr ’26SEK 115.00
SEK 130.33
+13.33%
7.37%SEK 140.00SEK 110.00n/a6
Mar ’26SEK 121.80
SEK 129.50
+6.32%
7.58%SEK 140.00SEK 110.00n/a6
Feb ’26SEK 123.40
SEK 131.17
+6.29%
9.18%SEK 150.00SEK 110.00n/a6
Jan ’26SEK 121.10
SEK 132.83
+9.69%
8.86%SEK 150.00SEK 110.00n/a6
Dec ’25SEK 125.70
SEK 132.83
+5.67%
8.86%SEK 150.00SEK 110.00n/a6
Nov ’25SEK 124.90
SEK 132.83
+6.35%
9.12%SEK 150.00SEK 110.00n/a6
Oct ’25SEK 140.50
SEK 132.71
-5.54%
8.46%SEK 150.00SEK 110.00n/a7
Sep ’25SEK 137.20
SEK 132.71
-3.27%
8.46%SEK 150.00SEK 110.00n/a7
Aug ’25SEK 128.80
SEK 128.33
-0.36%
10.23%SEK 150.00SEK 110.00n/a6
Jul ’25SEK 126.60
SEK 128.33
+1.37%
10.23%SEK 150.00SEK 110.00SEK 125.206
Jun ’25SEK 130.40
SEK 130.00
-0.31%
10.65%SEK 150.00SEK 110.00SEK 122.106
May ’25SEK 128.70
SEK 130.83
+1.66%
9.97%SEK 150.00SEK 110.00SEK 117.506
Apr ’25SEK 130.00
SEK 130.83
+0.64%
9.97%SEK 150.00SEK 110.00SEK 115.006
Mar ’25SEK 124.50
SEK 132.50
+6.43%
8.08%SEK 150.00SEK 120.00SEK 121.806
Feb ’25SEK 133.00
SEK 132.50
-0.38%
7.47%SEK 150.00SEK 120.00SEK 123.406
Jan ’25SEK 142.10
SEK 129.17
-9.10%
8.49%SEK 150.00SEK 115.00SEK 121.106
Dec ’24SEK 131.80
SEK 128.17
-2.76%
9.35%SEK 150.00SEK 114.00SEK 125.706
Nov ’24SEK 118.20
SEK 128.17
+8.43%
10.62%SEK 155.00SEK 114.00SEK 124.906
Oct ’24SEK 121.00
SEK 128.17
+5.92%
10.62%SEK 155.00SEK 114.00SEK 140.506
Sep ’24SEK 125.60
SEK 130.83
+4.17%
13.85%SEK 165.00SEK 110.00SEK 137.206
Aug ’24SEK 127.00
SEK 134.17
+5.64%
12.98%SEK 165.00SEK 110.00SEK 128.806
Jul ’24SEK 128.10
SEK 136.67
+6.69%
16.18%SEK 180.00SEK 110.00SEK 126.606
AnalystConsensusTarget
Consensus Narrative from 6 Analysts
SEK 125.17
Fair Value
4.5% undervalued intrinsic discount
6
Number of Analysts

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 Analysis2025/07/16 06:08
End of Day Share Price 2025/07/16 00:00
Earnings2025/03/31
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

Hufvudstaden AB (publ) is covered by 21 analysts. 5 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
Ruud Van MaanenABN AMRO Bank N.V.
Maarten BakkerABN AMRO Bank N.V.