FNOVA B Stock Overview
Fortinova Fastigheter AB (Publ), a real estate company, acquires, develops, and manages residential properties in Sweden.
Fortinova Fastigheter Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr35.60|
|52 Week High||kr65.00|
|52 Week Low||kr32.10|
|1 Month Change||-8.25%|
|3 Month Change||-32.96%|
|1 Year Change||-22.27%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-23.38%|
Recent News & Updates
|FNOVA B||SE Real Estate||SE Market|
Return vs Industry: FNOVA B exceeded the Swedish Real Estate industry which returned -27.8% over the past year.
Return vs Market: FNOVA B underperformed the Swedish Market which returned -20.4% over the past year.
|FNOVA B volatility|
|FNOVA B Average Weekly Movement||8.3%|
|Real Estate Industry Average Movement||5.8%|
|Market Average Movement||7.4%|
|10% most volatile stocks in SE Market||12.2%|
|10% least volatile stocks in SE Market||4.7%|
Stable Share Price: FNOVA B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: FNOVA B's weekly volatility (8%) has been stable over the past year.
About the Company
Fortinova Fastigheter AB (Publ), a real estate company, acquires, develops, and manages residential properties in Sweden. The company was founded in 2010 and is headquartered in Varberg, Sweden.
Fortinova Fastigheter Fundamentals Summary
|FNOVA B fundamental statistics|
Is FNOVA B overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FNOVA B income statement (TTM)|
|Cost of Revenue||kr105.90m|
Last Reported Earnings
Feb 28, 2022
Next Earnings Date
|Earnings per share (EPS)||5.88|
|Net Profit Margin||131.80%|
How did FNOVA B perform over the long term?See historical performance and comparison
1.3%Current Dividend Yield
Is FNOVA B undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FNOVA B?
Other financial metrics that can be useful for relative valuation.
|What is FNOVA B's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FNOVA B's PE Ratio compare to its peers?
|FNOVA B PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: FNOVA B is expensive based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (3.5x).
Price to Earnings Ratio vs Industry
How does FNOVA B's PE Ratio compare vs other companies in the Swedish Real Estate Industry?
Price-To-Earnings vs Industry: FNOVA B is expensive based on its Price-To-Earnings Ratio (6.1x) compared to the Swedish Real Estate industry average (4.4x)
Price to Earnings Ratio vs Fair Ratio
What is FNOVA B'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.
|Current PE Ratio||6.1x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FNOVA B's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of FNOVA B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FNOVA B (SEK35.6) is trading below our estimate of fair value (SEK78.73)
Significantly Below Fair Value: FNOVA B is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FNOVA B's PEG Ratio to determine if it is good value.
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How is Fortinova Fastigheter forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Fortinova Fastigheter has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Take a look at our analysis of FNOVA B’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Fortinova Fastigheter competitive advantages and company strategy can generally be found in its financial reports archived here.
How has Fortinova Fastigheter performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Last years earnings growth
Earnings and Revenue History
Quality Earnings: FNOVA B has a large one-off gain of SEK282.4M impacting its February 28 2022 financial results.
Growing Profit Margin: FNOVA B's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if FNOVA B's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare FNOVA B's past year earnings growth to its 5-year average.
Earnings vs Industry: FNOVA B earnings growth over the past year (80.6%) underperformed the Real Estate industry 109.3%.
Return on Equity
High ROE: FNOVA B's Return on Equity (13%) is considered low.
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How is Fortinova Fastigheter's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: FNOVA B's short term assets (SEK826.0M) do not cover its short term liabilities (SEK1.2B).
Long Term Liabilities: FNOVA B's short term assets (SEK826.0M) do not cover its long term liabilities (SEK1.1B).
Debt to Equity History and Analysis
Debt Level: FNOVA B's net debt to equity ratio (59.3%) is considered high.
Reducing Debt: Insufficient data to determine if FNOVA B's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FNOVA B's debt is not well covered by operating cash flow (4.3%).
Interest Coverage: FNOVA B's interest payments on its debt are well covered by EBIT (5.8x coverage).
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What is Fortinova Fastigheter current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FNOVA B's dividend (1.29%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.65%).
High Dividend: FNOVA B's dividend (1.29%) is low compared to the top 25% of dividend payers in the Swedish market (5.34%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether FNOVA B's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if FNOVA B's dividend payments are increasing as they only just started paying a dividend.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (7.7%), FNOVA B's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (42.2%), FNOVA B's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Anders Johansson serves as Chief Executive Officer at Fortinova Fastigheter AB (Publ). Mr. Johansson Founded Fortinova in 2010 and has since the start been responsible for day-to-day management. He hol...
Experienced Management: FNOVA B's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: FNOVA B's board of directors are considered experienced (5.4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fortinova Fastigheter AB (Publ)'s employee growth, exchange listings and data sources
- Name: Fortinova Fastigheter AB (Publ)
- Ticker: FNOVA B
- Exchange: OM
- Founded: 2010
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Implied Market Cap: kr1.828b
- Shares outstanding: 51.34m
- Website: https://www.fortinova.se
Number of Employees
- Fortinova Fastigheter AB (Publ)
- Norrgatan 10
- Halland County
- 432 41
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/23 00:00|
|End of Day Share Price||2022/06/23 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.