Wihlborgs Fastigheter AB (publ)

OM:WIHL Stock Report

Market Cap: SEK 32.4b

Wihlborgs Fastigheter Valuation

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

Below Fair Value: WIHL (SEK105.5) is trading above our estimate of fair value (SEK8.78)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for WIHL. This is calculated by dividing WIHL's market cap by their current earnings.
What is WIHL's PE Ratio?
PE Ratio65.4x
EarningsSEK 496.00m
Market CapSEK 32.43b

Price to Earnings Ratio vs Peers

How does WIHL's PE Ratio compare to its peers?

The above table shows the PE ratio for WIHL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.4x
CATE Catena
20.3x11.8%SEK 28.6b
NP3 NP3 Fastigheter
43.4x32.2%SEK 14.5b
SAGA A AB Sagax
28x3.0%SEK 81.9b
SLP B Swedish Logistic Property
22x20.4%SEK 9.3b
WIHL Wihlborgs Fastigheter
65.4x40.7%SEK 32.4b

Price-To-Earnings vs Peers: WIHL is expensive based on its Price-To-Earnings Ratio (65.4x) compared to the peer average (28.4x).

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AJA B Byggmästare Anders J Ahlström Holding
2.4xn/aUS$162.07m
TORSAB Torslanda Property Investment
1.8xn/aUS$95.65m
TITA B Titania Holding
2x-1.3%US$49.77m
HALMEN Halmslätten Fastighets
1.2xn/aUS$35.58m
WIHL 65.4xIndustry Avg. 43.8xNo. of Companies6PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WIHL is expensive based on its Price-To-Earnings Ratio (65.4x) compared to the Swedish Real Estate industry average (43.8x).

Price to Earnings Ratio vs Fair Ratio

What is WIHL'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.

WIHL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio65.4x
Fair PE Ratio46.3x

Price-To-Earnings vs Fair Ratio: WIHL is expensive based on its Price-To-Earnings Ratio (65.4x) compared to the estimated Fair Price-To-Earnings Ratio (46.3x).

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 WIHL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 105.50
SEK 119.50
+13.3%
7.8%SEK 130.00SEK 107.00n/a6
Nov ’25SEK 111.20
SEK 116.17
+4.5%
7.3%SEK 130.00SEK 107.00n/a6
Oct ’25SEK 118.90
SEK 102.67
-13.7%
11.0%SEK 115.00SEK 82.00n/a6
Sep ’25SEK 107.90
SEK 102.67
-4.9%
11.0%SEK 115.00SEK 82.00n/a6
Aug ’25SEK 108.90
SEK 102.67
-5.7%
11.0%SEK 115.00SEK 82.00n/a6
Jul ’25SEK 98.50
SEK 97.17
-1.4%
10.4%SEK 110.00SEK 82.00n/a6
Jun ’25SEK 99.70
SEK 95.50
-4.2%
8.9%SEK 105.00SEK 82.00n/a6
May ’25SEK 93.00
SEK 95.50
+2.7%
8.9%SEK 105.00SEK 82.00n/a6
Apr ’25SEK 99.20
SEK 90.33
-8.9%
7.7%SEK 100.00SEK 82.00n/a6
Mar ’25SEK 85.80
SEK 89.17
+3.9%
9.7%SEK 100.00SEK 75.00n/a6
Feb ’25SEK 91.95
SEK 87.50
-4.8%
11.4%SEK 100.00SEK 75.00n/a6
Jan ’25SEK 94.25
SEK 83.83
-11.1%
7.0%SEK 90.00SEK 75.00n/a6
Dec ’24SEK 86.95
SEK 83.00
-4.5%
6.4%SEK 90.00SEK 75.00n/a6
Nov ’24SEK 73.30
SEK 82.00
+11.9%
7.2%SEK 90.00SEK 75.00SEK 111.206
Oct ’24SEK 76.45
SEK 86.00
+12.5%
8.5%SEK 97.00SEK 75.00SEK 118.906
Sep ’24SEK 83.45
SEK 86.83
+4.1%
10.0%SEK 102.00SEK 75.00SEK 107.906
Aug ’24SEK 80.75
SEK 86.83
+7.5%
10.0%SEK 102.00SEK 75.00SEK 108.906
Jul ’24SEK 78.00
SEK 87.50
+12.2%
12.7%SEK 97.00SEK 65.00SEK 98.506
Jun ’24SEK 78.10
SEK 87.67
+12.2%
12.8%SEK 98.00SEK 65.00SEK 99.706
May ’24SEK 82.70
SEK 88.50
+7.0%
13.4%SEK 100.00SEK 65.00SEK 93.006
Apr ’24SEK 79.35
SEK 90.83
+14.5%
14.5%SEK 102.00SEK 65.00SEK 99.206
Mar ’24SEK 85.15
SEK 90.83
+6.7%
14.5%SEK 102.00SEK 65.00SEK 85.806
Feb ’24SEK 86.75
SEK 106.33
+22.6%
53.6%SEK 230.00SEK 60.00SEK 91.956
Jan ’24SEK 78.50
SEK 74.67
-4.9%
10.4%SEK 83.00SEK 60.00SEK 94.256
Dec ’23SEK 81.80
SEK 74.67
-8.7%
10.4%SEK 83.00SEK 60.00SEK 86.956
Nov ’23SEK 75.65
SEK 74.67
-1.3%
10.4%SEK 83.00SEK 60.00SEK 73.306

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

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