Stenhus Fastigheter i Norden AB (publ)

OM:SFAST Stock Report

Market Cap: SEK 4.2b

Stenhus Fastigheter i Norden Valuation

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

Below Fair Value: SFAST (SEK11.2) is trading above our estimate of fair value (SEK7)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SFAST. This is calculated by dividing SFAST's market cap by their current revenue.
What is SFAST's PS Ratio?
PS Ratio4.4x
SalesSEK 955.43m
Market CapSEK 4.16b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SFAST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.1x
PRISMA Prisma Properties
8.8x12.0%SEK 3.8b
EAST Eastnine
8.7x7.2%SEK 3.8b
NIVI B Nivika Fastigheter
5.4x1.1%SEK 3.6b
EMIL B Fastighetsbolaget Emilshus
9.6xn/aSEK 5.8b
SFAST Stenhus Fastigheter i Norden
4.4x3.0%SEK 4.2b

Price-To-Sales vs Peers: SFAST is good value based on its Price-To-Sales Ratio (4.4x) compared to the peer average (8.1x).

Price to Sales Ratio vs Industry

How does SFAST'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
SFAST 4.4xIndustry Avg. 5.4xNo. of Companies12PS03.26.49.612.816+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SFAST is good value based on its Price-To-Sales Ratio (4.4x) compared to the Swedish Real Estate industry average (5.4x).

Price to Sales Ratio vs Fair Ratio

What is SFAST'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.

SFAST PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.4x
Fair PS Ratio6.8x

Price-To-Sales vs Fair Ratio: SFAST is good value based on its Price-To-Sales Ratio (4.4x) compared to the estimated Fair Price-To-Sales Ratio (6.8x).

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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