OM:MAXF

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MaxFastigheter i Sverige

Executive Summary

MaxFastigheter i Sverige AB (publ), together with its subsidiaries, acquires, develops, owns, and manages real estate properties in Sweden. More Details


Snowflake Analysis

Fair value with questionable track record.

Share Price & News

How has MaxFastigheter i Sverige's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-1.0%

MAXF

-0.4%

SE Real Estate

0.7%

SE Market


1 Year Return

-19.1%

MAXF

3.3%

SE Real Estate

18.0%

SE Market

Return vs Industry: MAXF underperformed the Swedish Real Estate industry which returned 3.3% over the past year.

Return vs Market: MAXF underperformed the Swedish Market which returned 18% over the past year.


Shareholder returns

MAXFIndustryMarket
7 Day-1.0%-0.4%0.7%
30 Day13.0%11.9%11.4%
90 Day10.1%19.3%9.3%
1 Year-19.1%-19.1%5.8%3.3%19.8%18.0%
3 Year27.2%16.9%77.3%64.0%44.1%28.4%
5 Yearn/a118.4%87.9%65.6%33.6%

Long-Term Price Volatility Vs. Market

How volatile is MaxFastigheter i Sverige's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MaxFastigheter i Sverige undervalued compared to its fair value and its price relative to the market?

7.28x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MAXF (SEK30.4) is trading above our estimate of fair value (SEK16.97)

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


Price To Earnings Ratio

PE vs Industry: MAXF is good value based on its PE Ratio (7.3x) compared to the SE Real Estate industry average (11.6x).

PE vs Market: MAXF is good value based on its PE Ratio (7.3x) compared to the Swedish market (22.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MAXF is good value based on its PB Ratio (0.6x) compared to the SE Real Estate industry average (1.1x).


Next Steps

Future Growth

How is MaxFastigheter i Sverige forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-14.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAXF's earnings are forecast to decline over the next 3 years (-14.1% per year).

Earnings vs Market: MAXF's earnings are forecast to decline over the next 3 years (-14.1% per year).

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

Revenue vs Market: MAXF's revenue (7.1% per year) is forecast to grow faster than the Swedish market (3.4% per year).

High Growth Revenue: MAXF's revenue (7.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MAXF's Return on Equity is forecast to be low in 3 years time (4.7%).


Next Steps

Past Performance

How has MaxFastigheter i Sverige performed over the past 5 years?

-5.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAXF has a large one-off gain of SEK24.8M impacting its September 30 2020 financial results.

Growing Profit Margin: MAXF's current net profit margins (50.6%) are lower than last year (57.4%).


Past Earnings Growth Analysis

Earnings Trend: MAXF's earnings have declined by 5.4% per year over the past 5 years.

Accelerating Growth: MAXF's earnings growth over the past year (14.6%) exceeds its 5-year average (-5.4% per year).

Earnings vs Industry: MAXF earnings growth over the past year (14.6%) exceeded the Real Estate industry 6.5%.


Return on Equity

High ROE: MAXF's Return on Equity (7.9%) is considered low.


Next Steps

Financial Health

How is MaxFastigheter i Sverige's financial position?


Financial Position Analysis

Short Term Liabilities: MAXF's short term assets (SEK128.9M) do not cover its short term liabilities (SEK543.5M).

Long Term Liabilities: MAXF's short term assets (SEK128.9M) do not cover its long term liabilities (SEK1.2B).


Debt to Equity History and Analysis

Debt Level: MAXF's debt to equity ratio (137.9%) is considered high.

Reducing Debt: MAXF's debt to equity ratio has reduced from 329.6% to 137.9% over the past 5 years.

Debt Coverage: MAXF's debt is not well covered by operating cash flow (4.3%).

Interest Coverage: MAXF's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


Next Steps

Dividend

What is MaxFastigheter i Sverige current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MAXF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MAXF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MAXF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MAXF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MAXF is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MAXF's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Håkan Karlsson (48 yo)

4.83yrs

Tenure

kr646,000

Compensation

Mr. Håkan Karlsson has been Chief Executive Officer the of MaxFastigheter i Sverige AB (publ) (formerly known as MaxFast Properties AB (publ)) since 2016 and served as its Chief Financial Officer since 201...


CEO Compensation Analysis

Compensation vs Market: Håkan's total compensation ($USD0.00) is below average for companies of similar size in the Swedish market ($USD231.29K).

Compensation vs Earnings: Insufficient data to compare Håkan's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Håkan Karlsson
Chief Executive Officer4.83yrskr646.00kno data
Henrik Moren
Chief Financial Officer0.83yrno datano data
Magnus Fält
Head of Property Management & Deputy CEO4.83yrskr646.00kno data

4.8yrs

Average Tenure

56yo

Average Age

Experienced Management: MAXF's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Eva Eriksson
Independent Director0.42yrno datano data
Anna Engebretsen
Director0.75yrno datano data
Sven Engwall
Independent Director4.83yrskr35.00kno data
Carl Petre
Independent Director1.83yrsno datano data
Nils Skold
Independent Chairman0.42yrno datano data

0.8yrs

Average Tenure

56yo

Average Age

Experienced Board: MAXF's board of directors are not considered experienced ( 0.8 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: 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 been diluted in the past year, with total shares outstanding growing by 16.1%.


Top Shareholders

Company Information

MaxFastigheter i Sverige AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MaxFastigheter i Sverige AB (publ)
  • Ticker: MAXF
  • Exchange: OM
  • Founded: 2013
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: kr657.980m
  • Shares outstanding: 21.64m
  • Website: https://www.maxfastigheter.se

Number of Employees


Location

  • MaxFastigheter i Sverige AB (publ)
  • Eskilstunavägen 34
  • Torshälla
  • Södermanland County
  • 644 30
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MAXFOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKJun 2016

Biography

MaxFastigheter i Sverige AB (publ), together with its subsidiaries, acquires, develops, owns, and manages real estate properties in Sweden. As of December 31, 2018, the company owned and operated 33 proper...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 20:00
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.