Brinova Fastigheter AB Class B (SE:BRIN.B)
:BRIN.B
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Brinova Fastigheter AB Class B
(BRIN.B)
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Rating:61Neutral
Price Target:
kr14.50
▼(-7.64% Downside)
Action:ReiteratedDate:04/25/26
The score is driven primarily by improving TTM profitability and cash-backed earnings, but weighed down by meaningful leverage and historically volatile results. Technicals are neutral-to-weak with the stock below key longer-term moving averages, while valuation is supportive due to a low P/E.
Positive Factors
Recurring rental revenue model
A rental-focused business model creates stable, recurring cash inflows tied to lease contracts and property operations. Over a multi-month horizon this underpins predictable revenues and supports asset management and development strategies that compound value, even through cyclical variations.
Negative Factors
Meaningful leverage
Material debt relative to equity constrains balance-sheet flexibility and increases sensitivity to rising funding costs or valuation declines. Elevated leverage can force asset sales or curtail development activity if market conditions deteriorate, posing a persistent operational risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental revenue model
A rental-focused business model creates stable, recurring cash inflows tied to lease contracts and property operations. Over a multi-month horizon this underpins predictable revenues and supports asset management and development strategies that compound value, even through cyclical variations.
Read all positive factors
Brinova Fastigheter AB Class B (BRIN.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr3.02B
Dividend YieldN/A
Average Volume (3M)45.46K
Price to Earnings (P/E)6.4
Beta (1Y)0.36
Revenue Growth92.77%
EPS Growth115.97%
CountrySE
Employees53
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.21
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)1.27
Revenue Forecast (FY)kr1.10B
Brinova Fastigheter AB Class B Business Overview & Revenue Model
Company Description
Brinova Fastigheter AB (publ) owns, develops, and manages rental housing and community properties in southern Sweden. It also offers storage services for rent. The company was incorporated in 2011 and is headquartered in Helsingborg, Sweden....
How the Company Makes Money
Brinova Fastigheter AB primarily makes money by generating rental income from its property portfolio. Key revenue streams typically include (1) contracted rents paid by tenants under lease agreements (the core recurring revenue), and (2) property-...
Brinova Fastigheter AB Class B Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
56
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.07B | 942.00M | 545.40M | 521.50M | 463.80M | 399.00M |
| Gross Profit | 697.40M | 625.40M | 351.50M | 338.80M | 288.50M | 251.90M |
| EBITDA | 652.00M | 505.90M | 277.40M | -203.20M | 307.60M | 541.90M |
| Net Income | 172.50M | 73.10M | 46.00M | -337.70M | 289.70M | 399.80M |
Balance Sheet | ||||||
| Total Assets | 19.61B | 19.39B | 8.67B | 8.54B | 8.89B | 7.88B |
| Cash, Cash Equivalents and Short-Term Investments | 21.40M | 108.10M | 31.00M | 125.90M | 173.70M | 69.80M |
| Total Debt | 11.50B | 11.46B | 5.26B | 5.19B | 5.16B | 4.53B |
| Total Liabilities | 12.31B | 12.22B | 5.80B | 5.71B | 5.73B | 5.02B |
| Stockholders Equity | 7.29B | 7.17B | 2.87B | 2.82B | 3.16B | 2.86B |
Cash Flow | ||||||
| Free Cash Flow | 296.70M | 294.20M | 95.60M | 136.10M | 1.67B | 146.50M |
| Operating Cash Flow | 300.10M | 297.40M | 95.90M | 136.90M | 1.68B | 147.30M |
| Investing Cash Flow | -449.10M | -352.30M | -255.40M | -278.40M | -4.98B | -923.70M |
| Financing Cash Flow | 143.00M | 132.20M | 64.60M | 93.70M | 4.34B | 732.70M |
Brinova Fastigheter AB Class B Technical Analysis
Positive
15.70
Price Trends
13.85
Positive
14.71
Negative
15.46
Negative
Market Momentum
-0.04
Negative
57.36
Neutral
72.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BRIN.B, the sentiment is Positive. The current price of 15.7 is above the 20-day moving average (MA) of 13.28, above the 50-day MA of 13.85, and above the 200-day MA of 15.46, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 57.36 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:BRIN.B.
Brinova Fastigheter AB Class B Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | kr3.50B | 11.02 | 6.08% | 1.80% | 2.39% | 585.54% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | kr3.02B | 6.43 | 1.13% | ― | 92.77% | 115.97% | |
60 Neutral | kr4.32B | 25.70 | ― | 2.39% | 22.73% | 12.65% | |
56 Neutral | kr1.69B | 7.85 | ― | 1.67% | 1.40% | 84.53% | |
45 Neutral | kr2.32B | -41.70 | 0.75% | ― | 75.16% | -0.36% |
* Real Estate Sector Average
SE:BRIN.B
Brinova Fastigheter AB Class B
13.10
-4.25
-24.50%
SE:SFAST
Stenhus Fastigheter i Norden AB
11.32
1.28
12.77%
SE:FNOVA.B
Fortinova Fastigheter AB
25.40
-1.80
-6.62%
SE:KFAST.B
K-Fast Holding AB Class B
10.38
-2.13
-17.03%
SE:GPG
Genova Property Group AB
37.00
-9.52
-20.46%
SE:EAST
Eastnine AB
44.20
0.39
0.89%
Brinova Fastigheter AB Class B Corporate Events
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...
Brinova Sells Fully Let Danish Residential Property to Formuepleje
Apr 1, 2026
Brinova Fastigheter AB has agreed to divest a newly built residential property in Ballerup, Greater Copenhagen, comprising 153 fully leased apartments and a parking garage with a leasable area of 11,059 square meters. The asset, originally acquire...
Brinova Sells Fully Leased Danish Residential Property to Formuepleje
Apr 1, 2026
Brinova Fastigheter AB has agreed to divest a newly built residential property in Ballerup, Greater Copenhagen, comprising 153 fully leased apartments and a parking garage with a leasable area of 11,059 square meters. The share transaction, based ...
Brinova Fastigheter Calls 2026 AGM With Multi-Channel Voting Options
Mar 30, 2026
Brinova Fastigheter AB has convened its Annual General Meeting for 7 May 2026 in Helsingborg, giving shareholders the option to participate in person, by proxy or via postal voting in line with the Swedish Companies Act and the company’s art...
Brinova Expands Växjö Portfolio With SEK 123 Million Residential Acquisition
Mar 27, 2026
Brinova Fastigheter AB, a southern Sweden-focused residential and community properties owner and developer, continues to expand its portfolio through targeted acquisitions aligned with its long-term strategy. The company leverages strong cash flow...
Brinova boosts Hässleholm housing portfolio with SEK 78 million acquisition
Mar 24, 2026
Brinova Fastigheter AB has expanded its residential portfolio in southern Sweden by agreeing to acquire two rental properties, Heideman 1 and Solbrinken 1, in Hässleholm comprising 105 apartments and 47 outdoor parking spaces. Located in the ...
Brinova Boosts Earnings, Halts Dividend and Prepares CEO Shift Amid Listing Plans
Feb 16, 2026
Brinova Fastigheter AB reported strong growth for 2025, with rental income rising 73 percent to SEK 942.0 million and net operating surplus up 77 percent to SEK 627.1 million, while profit from property management climbed 65 percent. Despite solid...
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.