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FABG

FabegeOM:FABG Stock Report

Market Cap

kr46.1b

7D

7.2%

1Y

17.6%

Updated

13 Oct, 2021

Data

Company Financials +
FABG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance0/6
Financial Health1/6
Dividends5/6

FABG Overview

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

Fabege Competitors

Fastighets AB Balder

OM:BALD B

kr106.2b

AB Sagax

OM:SAGA A

kr100.0b

Samhällsbyggnadsbolaget i Norden

OM:SBB B

kr81.0b

Castellum

OM:CAST

kr60.5b

Price History & Performance

Summary of all time highs, changes and price drops for Fabege
Historical stock prices
Current Share Pricekr142.95
52 Week Highkr109.55
52 Week Lowkr159.50
Beta0.53
1 Month Change-3.38%
3 Month Change-3.93%
1 Year Change17.61%
3 Year Change14.27%
5 Year Change91.11%
Change since IPO939.65%

Recent News & Updates

May 03
Read This Before Buying Fabege AB (publ) (STO:FABG) For Its Dividend

Read This Before Buying Fabege AB (publ) (STO:FABG) For Its Dividend

Could Fabege AB (publ) ( STO:FABG ) be an attractive dividend share to own for the long haul? Investors are often drawn...

Shareholder Returns

FABGSE Real EstateSE Market
7D7.2%5.2%2.6%
1Y17.6%22.2%25.9%

Return vs Industry: FABG underperformed the Swedish Real Estate industry which returned 19.8% over the past year.

Return vs Market: FABG underperformed the Swedish Market which returned 24.4% over the past year.

Price Volatility

Is FABG's price volatile compared to industry and market?
FABG volatility
FABG Beta0.53
Industry Beta0.66
Market Beta1

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

Volatility Over Time: FABG's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1924191Stefan Dahlbohttps://www.fabege.se

Fabege AB (publ), a property company, focuses primarily on the development and management of commercial premises in Sweden. It operates through Property Management, Property Development, and Transactions segments. The company’s property portfolio comprises office, retail, industrial/warehouse, residential, hotel, and garage properties.

Fabege Fundamentals Summary

How do Fabege's earnings and revenue compare to its market cap?
FABG fundamental statistics
Market Capkr46.14b
Earnings (TTM)kr3.65b
Revenue (TTM)kr2.79b

12.6x

P/E Ratio

16.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FABG income statement (TTM)
Revenuekr2.79b
Cost of Revenuekr734.00m
Gross Profitkr2.05b
Expenses-kr1.60b
Earningskr3.65b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 20, 2021

Earnings per share (EPS)11.35
Gross Margin73.64%
Net Profit Margin131.20%
Debt/Equity Ratio68.4%

How did FABG perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

32%

Payout Ratio

Valuation

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

12.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FABG (SEK142.95) is trading above our estimate of fair value (SEK62.15)

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


Price To Earnings Ratio

PE vs Industry: FABG is poor value based on its PE Ratio (12.6x) compared to the Swedish Real Estate industry average (10.8x).

PE vs Market: FABG is good value based on its PE Ratio (12.6x) compared to the Swedish market (22.8x).


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 (1.1x) compared to the SE Real Estate industry average (1.3x).


Future Growth

How is Fabege forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

-13.4%

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 (-13.4% per year).

Earnings vs Market: FABG's earnings are forecast to decline over the next 3 years (-13.4% per year).

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

Revenue vs Market: FABG's revenue (5.2% per year) is forecast to grow faster than the Swedish market (4% per year).

High Growth Revenue: FABG's revenue (5.2% 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 (5%).


Past Performance

How has Fabege performed over the past 5 years?

-9.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FABG has a large one-off gain of SEK2.8B impacting its June 30 2021 financial results.

Growing Profit Margin: FABG's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: FABG's earnings have declined by 9.4% per year over the past 5 years.

Accelerating Growth: FABG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FABG had negative earnings growth (-23.5%) over the past year, making it difficult to compare to the Real Estate industry average (69.8%).


Return on Equity

High ROE: FABG's Return on Equity (8.7%) is considered low.


Financial Health

How is Fabege's financial position?


Financial Position Analysis

Short Term Liabilities: FABG's short term assets (SEK794.0M) do not cover its short term liabilities (SEK6.0B).

Long Term Liabilities: FABG's short term assets (SEK794.0M) do not cover its long term liabilities (SEK34.3B).


Debt to Equity History and Analysis

Debt Level: FABG's debt to equity ratio (68.4%) is considered high.

Reducing Debt: FABG's debt to equity ratio has reduced from 114.8% to 68.4% over the past 5 years.

Debt Coverage: FABG's debt is not well covered by operating cash flow (4.9%).

Interest Coverage: FABG's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

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

2.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FABG's dividend (2.52%) is higher than the bottom 25% of dividend payers in the Swedish market (0.97%).

High Dividend: FABG's dividend (2.52%) is low compared to the top 25% of dividend payers in the Swedish market (3.66%).


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.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32%), FABG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FABG's dividends in 3 years are forecast to be covered by earnings (82.6% payout ratio).


Next Steps

Management

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

8.8yrs

Average management tenure


CEO

Stefan Dahlbo (62 yo)

2.08yrs

Tenure

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


Leadership Team

Experienced Management: FABG's management team is seasoned and experienced (8.8 years average tenure).


Board Members

Experienced Board: FABG's board of directors are considered experienced (3.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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
  • Market Cap: kr46.142b
  • Shares outstanding: 322.00m
  • Website: https://www.fabege.se

Number of Employees


Location

  • Fabege AB (publ)
  • PyramidvAegen 7
  • Arenastaden
  • Solna
  • Stockholm County
  • 169 27
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/13 21:17
End of Day Share Price2021/10/13 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.