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FABG

Fabege OM:FABG Stock Report

Last Price

kr125.65

Market Cap

kr40.1b

7D

6.5%

1Y

-5.6%

Updated

20 May, 2022

Data

Company Financials +
FABG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends5/6

FABG Stock Overview

Fabege AB (publ), a property company, focuses primarily on the development, investment, and management of commercial premises in Sweden.

Fabege Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Fabege
Historical stock prices
Current Share Pricekr125.65
52 Week Highkr160.45
52 Week Lowkr108.80
Beta0.59
1 Month Change0.88%
3 Month Change-13.41%
1 Year Change-5.56%
3 Year Change-12.56%
5 Year Change55.60%
Change since IPO813.83%

Recent News & Updates

Shareholder Returns

FABGSE Real EstateSE Market
7D6.5%5.2%0.3%
1Y-5.6%-4.6%-12.7%

Return vs Industry: FABG matched the Swedish Real Estate industry which returned -6.1% over the past year.

Return vs Market: FABG exceeded the Swedish Market which returned -12.7% over the past year.

Price Volatility

Is FABG's price volatile compared to industry and market?
FABG volatility
FABG Average Weekly Movement5.2%
Real Estate Industry Average Movement5.7%
Market Average Movement7.9%
10% most volatile stocks in SE Market12.9%
10% least volatile stocks in SE Market5.1%

Stable Share Price: FABG is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FABG's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1924217Stefan Dahlbohttps://www.fabege.se

Fabege AB (publ), a property company, focuses primarily on the development, investment, and management of commercial premises in Sweden. Its property portfolio comprises office, retail, industrial/warehouse, residential, hotel, and garage properties. The company also engages in the acquisition and sale of properties.

Fabege Fundamentals Summary

How do Fabege's earnings and revenue compare to its market cap?
FABG fundamental statistics
Market Capkr40.08b
Earnings (TTM)kr7.32b
Revenue (TTM)kr3.01b

5.5x

P/E Ratio

13.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FABG income statement (TTM)
Revenuekr3.01b
Cost of Revenuekr834.00m
Gross Profitkr2.18b
Other Expenses-kr5.14b
Earningskr7.32b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 08, 2022

Earnings per share (EPS)22.94
Gross Margin72.32%
Net Profit Margin242.91%
Debt/Equity Ratio66.2%

How did FABG perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

18%

Payout Ratio

Does FABG pay a reliable dividends?

See FABG dividend history and benchmarks
When do you need to buy FABG by to receive an upcoming dividend?
Fabege dividend dates
Ex Dividend DateJun 30 2022
Dividend Pay DateJul 06 2022
Days until Ex dividend40 days
Days until Dividend pay date46 days

Does FABG pay a reliable dividends?

See FABG dividend history and benchmarks

Valuation

Is Fabege undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


5.48x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: FABG (SEK125.65) is trading above our estimate of fair value (SEK74.18)

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


Price To Earnings Ratio

PE vs Industry: FABG is good value based on its PE Ratio (5.5x) compared to the Swedish Real Estate industry average (5.7x).

PE vs Market: FABG is good value based on its PE Ratio (5.5x) compared to the Swedish market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: FABG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: FABG is good value based on its PB Ratio (0.9x) compared to the SE Real Estate industry average (1x).


Future Growth

How is Fabege forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-35.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FABG's earnings are forecast to decline over the next 3 years (-35.4% per year).

Earnings vs Market: FABG's earnings are forecast to decline over the next 3 years (-35.4% per year).

High Growth Earnings: FABG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FABG's revenue (4.8% per year) is forecast to grow slower than the Swedish market (5.8% per year).

High Growth Revenue: FABG's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FABG's Return on Equity is forecast to be low in 3 years time (4.2%).


Past Performance

How has Fabege performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-10.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FABG has a large one-off gain of SEK6.4B impacting its March 31 2022 financial results.

Growing Profit Margin: FABG's current net profit margins are higher than last year (89%).


Past Earnings Growth Analysis

Earnings Trend: FABG's earnings have declined by 10.1% per year over the past 5 years.

Accelerating Growth: FABG's earnings growth over the past year (198%) exceeds its 5-year average (-10.1% per year).

Earnings vs Industry: FABG earnings growth over the past year (198%) exceeded the Real Estate industry 105.6%.


Return on Equity

High ROE: FABG's Return on Equity (15.8%) is considered low.


Financial Health

How is Fabege's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FABG's short term assets (SEK1.6B) do not cover its short term liabilities (SEK8.4B).

Long Term Liabilities: FABG's short term assets (SEK1.6B) do not cover its long term liabilities (SEK36.7B).


Debt to Equity History and Analysis

Debt Level: FABG's net debt to equity ratio (65.7%) is considered high.

Reducing Debt: FABG's debt to equity ratio has reduced from 98.9% to 66.2% over the past 5 years.

Debt Coverage: FABG's debt is not well covered by operating cash flow (5.5%).

Interest Coverage: FABG earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Fabege current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.18%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 21 2022Ex Dividend DateJun 30 2022Dividend Pay DateJul 06 20226 days from Ex DividendBuy in the next 40 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: FABG's dividend (3.18%) is higher than the bottom 25% of dividend payers in the Swedish market (1.44%).

High Dividend: FABG's dividend (3.18%) is low compared to the top 25% of dividend payers in the Swedish market (4.86%).


Stability and Growth of Payments

Stable Dividend: FABG's dividends per share have been stable in the past 10 years.

Growing Dividend: FABG's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (17.5%), FABG's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (75.3%), FABG's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

9.3yrs

Average management tenure


CEO

Stefan Dahlbo (62 yo)

2.67yrs

Tenure

Mr. Stefan Dahlbo serves as President and Chief Executive Officer at Fabege AB (publ) since September 1, 2019. He is a Director at Byggmästare Anders J Ahlström Holding AB (publ). He was Chief Executive Of...


Leadership Team

Experienced Management: FABG's management team is seasoned and experienced (9.3 years average tenure).


Board Members

Experienced Board: FABG's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FABG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fabege AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Fabege AB (publ)
  • Ticker: FABG
  • Exchange: OM
  • Founded: 1924
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: kr40.082b
  • Shares outstanding: 319.00m
  • Website: https://www.fabege.se

Number of Employees


Location

  • Fabege AB (publ)
  • Gårdsvägen 6
  • Solna
  • Stockholm County
  • 169 70
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/20 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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 here.