Samhällsbyggnadsbolaget i Norden Valuation

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

Below Fair Value: SBB D (SEK6.08) is trading above our estimate of fair value (SEK0.35)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SBB D. This is calculated by dividing SBB D's market cap by their current revenue.
What is SBB D's PS Ratio?
PS Ratio	1x
Sales	SEK 6.43b
Market Cap	SEK 6.97b

SBB D 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	8.9x
Enterprise Value/EBITDA	14.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does SBB D's PS Ratio compare to its peers?

The above table shows the PS ratio for SBB D vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	7x
SVEAF Sveafastigheter	6.5x	n/a	SEK 7.5b
KFAST B K-Fast Holding	4.3x	14.4%	SEK 4.8b
STEF B Stendörren Fastigheter	6.9x	10.0%	SEK 6.0b
HEBA B Heba Fastighets	10.4x	n/a	SEK 5.2b
SBB D Samhällsbyggnadsbolaget i Norden	1x	-16.7%	SEK 7.0b

Price-To-Sales vs Peers: SBB D is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (7x).

Price to Sales Ratio vs Industry

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

6 Companies	Price / Sales	Estimated Growth	Market Cap
HEIM PREF Heimstaden	0.2x	n/a	US$251.01m
WBGR B Wästbygg Gruppen	0.2x	0.2%	US$88.54m
FASTAT Aktiebolaget Fastator	0.2x	n/a	US$8.61m
SAMT B Samtrygg Group	0.07x	n/a	US$3.21m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: SBB D is good value based on its Price-To-Sales Ratio (1x) compared to the Swedish Real Estate industry average (5.5x).

Price to Sales Ratio vs Fair Ratio

What is SBB D'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.

SBB D PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1x
Fair PS Ratio	3.4x

Price-To-Sales vs Fair Ratio: SBB D is good value based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (3.4x).

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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