Fabege AB (publ), a property company, focuses primarily on the development and management of commercial premises in Sweden.
+ 1 more risk
Established dividend payer and slightly overvalued.
Share Price & News
How has Fabege's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FABG's share price has been volatile over the past 3 months.
7 Day Return
SE Real Estate
1 Year Return
SE Real Estate
Return vs Industry: FABG underperformed the Swedish Real Estate industry which returned 11.8% over the past year.
Return vs Market: FABG underperformed the Swedish Market which returned -6.9% over the past year.
Price Volatility Vs. Market
How volatile is Fabege's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StWhat Kind Of Shareholder Appears On The Fabege AB (publ)'s (STO:FABG) Shareholder Register?
1 month ago | Simply Wall StKlas Holmgren Just Bought Shares In Fabege AB (publ) (STO:FABG)
2 months ago | Simply Wall StWe're Not Counting On Fabege (STO:FABG) To Sustain Its Statutory Profitability
Is Fabege undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FABG (SEK123.05) is trading above our estimate of fair value (SEK45.56)
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 (6.8x) compared to the Real Estate industry average (8.2x).
PE vs Market: FABG is good value based on its PE Ratio (6.8x) compared to the Swedish market (15.6x).
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 overvalued based on its PB Ratio (1x) compared to the SE Real Estate industry average (1x).
How is Fabege forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
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 (-29.5% per year).
Earnings vs Market: FABG's earnings are forecast to decline over the next 3 years (-29.5% per year).
High Growth Earnings: FABG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FABG's revenue (3.7% per year) is forecast to grow slower than the Swedish market (4.2% per year).
High Growth Revenue: FABG's revenue (3.7% 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 (6.4%).
How has Fabege performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FABG has a large one-off gain of SEK5.7B impacting its December 31 2019 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 grown by 17% 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 (-22%) over the past year, making it difficult to compare to the Real Estate industry average (19.8%).
Return on Equity
High ROE: FABG's Return on Equity (15%) is considered low.
How is Fabege's financial position?
Financial Position Analysis
Short Term Liabilities: FABG's short term assets (SEK342.0M) do not cover its short term liabilities (SEK5.6B).
Long Term Liabilities: FABG's short term assets (SEK342.0M) do not cover its long term liabilities (SEK30.8B).
Debt to Equity History and Analysis
Debt Level: FABG's debt to equity ratio (67%) is considered high.
Reducing Debt: FABG's debt to equity ratio has reduced from 148.5% to 67% over the past 5 years.
Debt Coverage: FABG's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: FABG's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is Fabege's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FABG's dividend (2.6%) is higher than the bottom 25% of dividend payers in the Swedish market (1.97%).
High Dividend: FABG's dividend (2.6%) is low compared to the top 25% of dividend payers in the Swedish market (5.9%).
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 low payout ratio (17.6%), 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 (75.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Stefan Dahlbo (60yo)
Mr. Stefan Dahlbo serves as President and Chief Executive Officer at Fabege AB since 2019. He is a Director at Byggmästare Anders J Ahlström Holding AB (publ). He was Chief Executive Officer at Byggmästare ...
|President & CEO||1.25yrs||no data||0.00091% SEK380.0k|
|VP, CFO & Company Secretary||12.33yrs||no data||0.0087% SEK3.6m|
|Director of Technical Operations||6.25yrs||no data||0.0029% SEK1.2m|
|Head of Administration||6.25yrs||no data||0.00038% SEK158.7k|
|IR Manager||no data||no data||no data|
|Head of Communications||no data||no data||no data|
|Business Development Executive||no data||no data||no data|
|IR Contact||no data||no data||no data|
Experienced Management: FABG's management team is seasoned and experienced (6.3 years average tenure).
|Independent Director||2yrs||kr290.00k||0.00060% SEK250.6k|
|Independent Director||15.25yrs||kr310.00k||0.073% SEK30.5m|
|Deputy Chairman of the Board||8.25yrs||kr290.00k||2.27% SEK946.3m|
|Independent Director||4yrs||kr280.00k||0.00060% SEK250.6k|
|Director||no data||no data||no data|
Experienced Board: FABG's board of directors are considered experienced (4 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fabege AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Fabege AB (publ)
- Ticker: FABG
- Exchange: OM
- Founded: 1924
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: kr41.761b
- Shares outstanding: 330.78m
- Website: https://www.fabege.se
Number of Employees
- Fabege AB (publ)
- Box 730
- Stockholm County
- 169 27
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FABG||OM (OMX Nordic Exchange Stockholm)||Yes||Series B Shares||SE||SEK||May 1993|
|WILC||DB (Deutsche Boerse AG)||Yes||Series B Shares||DE||EUR||May 1993|
|0XPX||LSE (London Stock Exchange)||Yes||Series B Shares||GB||SEK||May 1993|
|FABGs||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Series B Shares||GB||SEK||May 1993|
|FBGB.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Dec 2008|
Fabege AB (publ), a property company, focuses primarily on the development and management of commercial premises in Sweden. The company operates through Property Management, Property Development, and Transactions segments. Its property portfolio comprises office, retail, industrial/warehouse, residential, hotel, and garage properties. As of March 31, 2019, Fabege AB (publ) owned 89 properties with a total lettable area of 1.3 million square meters. The company was formerly known as Wihlborgs Fastigheter AB and changed its name to Fabege AB (publ) in December 2005. Fabege AB (publ) was founded in 1924 and is headquartered in Solna, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/09 21:46|
|End of Day Share Price||2020/04/09 00:00|
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.