Hufvudstaden AB (publ)

OM:HUFV A Stock Report

Market Cap: SEK 24.9b

Hufvudstaden Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: HUFV A (SEK123.3) is trading above our estimate of fair value (SEK8.79)

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 unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for HUFV A. This is calculated by dividing HUFV A's market cap by their current revenue.
What is HUFV A's PS Ratio?
PS Ratio7.9x
SalesSEK 3.14b
Market CapSEK 24.94b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for HUFV A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7.5x
ATRLJ B Atrium Ljungberg
6.4x-0.06%SEK 25.3b
FABG Fabege
7.2x2.8%SEK 26.2b
WALL B Wallenstam
10.7x4.5%SEK 32.4b
NYF Nyfosa
5.6x-0.2%SEK 21.4b
HUFV A Hufvudstaden
7.9x1.9%SEK 24.9b

Price-To-Sales vs Peers: HUFV A is expensive based on its Price-To-Sales Ratio (7.9x) compared to the peer average (7.5x).

Price to Sales Ratio vs Industry

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

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
HEIM PREF Heimstaden
0.1xn/aUS$242.36m
WBGR B Wästbygg Gruppen
0.2x0.2%US$87.56m
FASTAT Aktiebolaget Fastator
0.2xn/aUS$8.26m
SAMT B Samtrygg Group
0.07xn/aUS$3.17m
HUFV A 7.9xIndustry Avg. 5.4xNo. of Companies12PS03.26.49.612.816+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: HUFV A is expensive based on its Price-To-Sales Ratio (7.9x) compared to the Swedish Real Estate industry average (5.4x).

Price to Sales Ratio vs Fair Ratio

What is HUFV 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.

HUFV A PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.9x
Fair PS Ratio4.8x

Price-To-Sales vs Fair Ratio: HUFV A is expensive based on its Price-To-Sales Ratio (7.9x) compared to the estimated Fair Price-To-Sales Ratio (4.8x).

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 123.30
SEK 132.83
+7.7%
8.9%SEK 150.00SEK 110.00n/a6
Nov ’25SEK 124.90
SEK 132.83
+6.4%
9.1%SEK 150.00SEK 110.00n/a6
Oct ’25SEK 140.50
SEK 132.71
-5.5%
8.5%SEK 150.00SEK 110.00n/a7
Sep ’25SEK 137.20
SEK 132.71
-3.3%
8.5%SEK 150.00SEK 110.00n/a7
Aug ’25SEK 128.80
SEK 128.33
-0.4%
10.2%SEK 150.00SEK 110.00n/a6
Jul ’25SEK 126.60
SEK 128.33
+1.4%
10.2%SEK 150.00SEK 110.00n/a6
Jun ’25SEK 130.40
SEK 130.00
-0.3%
10.6%SEK 150.00SEK 110.00n/a6
May ’25SEK 128.70
SEK 130.83
+1.7%
10.0%SEK 150.00SEK 110.00n/a6
Apr ’25SEK 130.00
SEK 130.83
+0.6%
10.0%SEK 150.00SEK 110.00n/a6
Mar ’25SEK 124.50
SEK 132.50
+6.4%
8.1%SEK 150.00SEK 120.00n/a6
Feb ’25SEK 133.00
SEK 132.50
-0.4%
7.5%SEK 150.00SEK 120.00n/a6
Jan ’25SEK 142.10
SEK 129.17
-9.1%
8.5%SEK 150.00SEK 115.00n/a6
Dec ’24SEK 131.80
SEK 128.17
-2.8%
9.3%SEK 150.00SEK 114.00n/a6
Nov ’24SEK 118.20
SEK 128.17
+8.4%
10.6%SEK 155.00SEK 114.00SEK 124.906
Oct ’24SEK 121.00
SEK 128.17
+5.9%
10.6%SEK 155.00SEK 114.00SEK 140.506
Sep ’24SEK 125.60
SEK 130.83
+4.2%
13.9%SEK 165.00SEK 110.00SEK 137.206
Aug ’24SEK 127.00
SEK 134.17
+5.6%
13.0%SEK 165.00SEK 110.00SEK 128.806
Jul ’24SEK 128.10
SEK 136.67
+6.7%
16.2%SEK 180.00SEK 110.00SEK 126.606
Jun ’24SEK 129.40
SEK 136.67
+5.6%
16.2%SEK 180.00SEK 110.00SEK 130.406
May ’24SEK 146.10
SEK 140.17
-4.1%
15.8%SEK 180.00SEK 110.00SEK 128.706
Apr ’24SEK 140.70
SEK 140.17
-0.4%
15.8%SEK 180.00SEK 110.00SEK 130.006
Mar ’24SEK 150.10
SEK 140.17
-6.6%
15.8%SEK 180.00SEK 110.00SEK 124.506
Feb ’24SEK 160.20
SEK 138.71
-13.4%
18.0%SEK 180.00SEK 100.00SEK 133.007
Jan ’24SEK 148.30
SEK 126.14
-14.9%
12.2%SEK 155.00SEK 100.00SEK 142.107
Dec ’23SEK 150.20
SEK 125.50
-16.4%
13.2%SEK 155.00SEK 100.00SEK 131.806
Nov ’23SEK 134.80
SEK 124.00
-8.0%
13.0%SEK 155.00SEK 100.00SEK 118.207

Analyst Forecast: Target price is less than 20% higher than the current share price.

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