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Brinova Fastigheter AB Class B
(BRIN.B)
Select Model
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Rating:61Neutral
Price Target:
kr14.50
▼(-7.64% Downside)
Action:Reiterated
Date:07/08/26
The score is primarily driven by improved TTM operating performance (strong revenue growth and margin strength) but held back by a debt-heavy balance sheet, modest returns, and weakening free cash flow that reduces flexibility. Technical signals are neutral with the stock still below its 200-day average, and valuation (P/E ~18.8) is neither clearly cheap nor expensive based on the provided data.
Positive Factors
Revenue Momentum
Sustained multi-quarter revenue growth of ~83% indicates successful leasing, portfolio expansion or higher rental income. Over 2–6 months this underpins recurring cash inflows, supports operating leverage and gives management room to invest in maintenance or selective growth initiatives.
Negative Factors
Elevated Leverage
A debt-to-equity ratio around 1.6x creates heightened refinancing and interest-rate sensitivity. This reduces financial flexibility for capex or opportunistic purchases, magnifies earnings volatility during downturns, and requires careful cash prioritization over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Momentum
Sustained multi-quarter revenue growth of ~83% indicates successful leasing, portfolio expansion or higher rental income. Over 2–6 months this underpins recurring cash inflows, supports operating leverage and gives management room to invest in maintenance or selective growth initiatives.
Read all positive factors
Brinova Fastigheter AB Class B (BRIN.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr2.95B
Dividend YieldN/A
Average Volume (3M)45.46K
Price to Earnings (P/E)16.9
Beta (1Y)0.32
Revenue Growth57.31%
EPS Growth302.59%
CountrySE
Employees53
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.76
Shares Outstanding185,017,350
10 Day Avg. Volume59,007
30 Day Avg. Volume45,456
Financial Highlights & Ratios
PEG Ratio-1.56
Price to Book (P/B)0.51
Price to Sales (P/S)3.86
P/FCF Ratio12.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.22
Revenue Forecast (FY)kr1.08B
Brinova Fastigheter AB Class B Business Overview & Revenue Model
Company Description
Brinova Fastigheter AB (publ), founded in 2011 and based in Helsingborg, Sweden, focuses on the acquisition, enhancement, and operation of residential rental units and public-use real estate throughout southern Sweden. The company further extends ...
How the Company Makes Money
Brinova makes money primarily by operating and managing a portfolio of investment properties. Its core revenue stream is rental income collected from tenants under lease agreements across its properties (e.g., apartments and premises used for comm...
Brinova Fastigheter AB Class B Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.08B | 942.00M | 545.40M | 521.50M | 463.80M | 399.00M |
| Gross Profit | 691.90M | 625.40M | 351.50M | 338.80M | 288.50M | 251.90M |
| EBITDA | 668.20M | 505.90M | 277.40M | -203.20M | 307.60M | 541.90M |
| Net Income | 179.20M | 73.10M | 46.00M | -337.70M | 289.70M | 399.80M |
Balance Sheet | ||||||
| Total Assets | 19.20B | 19.39B | 8.67B | 8.54B | 8.89B | 7.88B |
| Cash, Cash Equivalents and Short-Term Investments | 142.10M | 108.10M | 31.00M | 125.90M | 173.70M | 69.80M |
| Total Debt | 11.13B | 11.46B | 5.26B | 5.19B | 5.16B | 4.53B |
| Total Liabilities | 11.90B | 12.22B | 5.80B | 5.71B | 5.73B | 5.02B |
| Stockholders Equity | 7.30B | 7.17B | 2.87B | 2.82B | 3.16B | 2.86B |
Cash Flow | ||||||
| Free Cash Flow | 195.40M | 294.20M | 95.60M | 136.10M | 1.67B | 146.50M |
| Operating Cash Flow | 197.40M | 297.40M | 95.90M | 136.90M | 1.68B | 147.30M |
| Investing Cash Flow | -141.50M | -352.30M | -255.40M | -278.40M | -4.98B | -923.70M |
| Financing Cash Flow | 42.10M | 132.20M | 64.60M | 93.70M | 4.34B | 732.70M |
Brinova Fastigheter AB Class B Technical Analysis
Negative
15.70
Price Trends
13.39
Negative
13.56
Negative
14.58
Negative
Market Momentum
0.02
Positive
45.90
Neutral
29.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BRIN.B, the sentiment is Negative. The current price of 15.7 is above the 20-day moving average (MA) of 13.39, above the 50-day MA of 13.39, and above the 200-day MA of 14.58, indicating a bearish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 45.90 is Neutral, neither overbought nor oversold. The STOCH value of 29.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BRIN.B.
Brinova Fastigheter AB Class B Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | kr4.59B | 15.90 | ― | 2.39% | 10.93% | -8.55% | |
69 Neutral | kr4.12B | 8.52 | 6.08% | 1.80% | 5.55% | 130.73% | |
61 Neutral | kr2.95B | 16.91 | 1.13% | ― | 57.31% | 302.59% | |
61 Neutral | kr1.77B | 6.78 | ― | 1.67% | 2.99% | 84.31% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | kr2.53B | 87.13 | 0.75% | ― | 75.16% | -0.36% |
* General Sector Average
SE:BRIN.B
Brinova Fastigheter AB Class B
12.80
-4.45
-25.80%
SE:SFAST
Stenhus Fastigheter i Norden AB
12.36
1.30
11.73%
SE:FNOVA.B
Fortinova Fastigheter AB
24.40
-2.20
-8.27%
SE:KFAST.B
K-Fast Holding AB Class B
11.98
-1.82
-13.19%
SE:GPG
Genova Property Group AB
39.00
-1.48
-3.66%
SE:EAST
Eastnine AB
47.15
-0.61
-1.28%
Brinova Fastigheter AB Class B Corporate Events
Brinova lifts earnings on acquisitions, strengthens role in community housing
Jul 7, 2026
Brinova Fastigheter AB, a Swedish property company, specialises in rental housing and community-service properties such as LSS facilities in a strong regional market. With high occupancy and a sustainability-focused strategy, it serves both privat...
Brinova appoints real estate veteran Peter Ullmark as new CEO
Jun 15, 2026
Brinova Fastigheter AB has installed a new chief executive, with real estate veteran Peter Ullmark formally taking over the role today following the retirement of longtime CEO Per Johansson after a decade at the helm. Ullmark, who holds an enginee...
Brinova AGM Retains Earnings and Approves New Share Issue Mandate
May 7, 2026
Brinova Fastigheter AB held its Annual General Meeting on 7 May 2026, where shareholders approved the income statements and balance sheets and granted the board and CEO discharge from liability for the past financial year. The meeting also decided...
Brinova turbocharges growth with major portfolio expansion and Nasdaq listing plans
Apr 23, 2026
Brinova Fastigheter AB reported a sharply stronger first quarter for 2026, driven by the acquisition of K-Fastigheter Syd’s property portfolio, which nearly doubled rental income and expanded the lettable area to about 655,000 square metres....
Brinova Finalizes Sale of Fully Let Danish Residential Property
Apr 14, 2026
Brinova Fastigheter AB, a Swedish real estate company focused on residential and community service properties in southern Sweden, emphasizes long-term ownership, local management teams and value creation via acquisitions, development and active ma...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.