Want to see SE:FABG full AI Analyst Report?
Top Page
Fabege AB
(FABG)
Select Model
Select Model
Rating:52Neutral
Price Target:
kr78.00
â–Ľ(-3.53% Downside)
Action:Reiterated
Date:07/07/26
The score is driven primarily by mixed financial performance: strong TTM operating margins and positive/free cash flow are positives, but volatile net profitability and meaningful leverage constrain quality. Technicals are neutral with soft momentum, and valuation is held back by a negative P/E despite a moderate dividend yield.
Positive Factors
Operating margins
Sustained high gross (~65%) and EBIT (~30%) margins indicate durable operating efficiency in Fabege's property management and development activities. Strong margins support reinvestment in buildings and leasing, provide a cushion versus rental volatility, and underpin long-term cash generation capacity.
Negative Factors
Meaningful leverage
Debt-to-equity near 0.9–1.0 leaves the company sensitive to property valuation swings and refinancing conditions. Elevated leverage constrains flexibility for opportunistic acquisitions or large developments and raises interest and covenant risk during tightening credit cycles over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating margins
Sustained high gross (~65%) and EBIT (~30%) margins indicate durable operating efficiency in Fabege's property management and development activities. Strong margins support reinvestment in buildings and leasing, provide a cushion versus rental volatility, and underpin long-term cash generation capacity.
Read all positive factors
Fabege AB (FABG) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr23.97B
Dividend Yield2.39%
Average Volume (3M)687.30K
Price to Earnings (P/E)55.6
Beta (1Y)0.50
Revenue Growth12.54%
EPS Growth114.41%
CountrySE
Employees228
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)1.37
Shares Outstanding330,783,140
10 Day Avg. Volume662,166
30 Day Avg. Volume687,302
Financial Highlights & Ratios
PEG Ratio-1.18
Price to Book (P/B)0.69
Price to Sales (P/S)6.91
P/FCF Ratio14.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr83.03Price Target Upside2.70% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering3
EPS Forecast (FY)4.61
Revenue Forecast (FY)kr3.58B
Fabege AB Business Overview & Revenue Model
Company Description
Fabege AB (publ) is a Swedish real estate enterprise primarily focused on the development, investment, and comprehensive management of commercial properties. Its diverse portfolio spans various asset classes, including offices, retail spaces, indu...
How the Company Makes Money
Fabege makes money primarily by generating rental income from its investment property portfolio. The core revenue stream is contracted rent paid by tenants under commercial lease agreements (typically office-led), supplemented by income recoveries...
Fabege AB Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
52
Neutral
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.10B | 3.76B | 3.67B | 3.93B | 3.33B | 2.95B |
| Gross Profit | 2.61B | 2.49B | 2.53B | 2.48B | 2.16B | 2.18B |
| EBITDA | 1.60B | 538.00M | 940.00M | -6.38B | 1.93B | 6.70B |
| Net Income | 431.00M | -348.00M | -213.00M | -5.52B | 2.38B | 5.40B |
Balance Sheet | ||||||
| Total Assets | 83.80B | 83.09B | 84.11B | 83.22B | 92.08B | 87.99B |
| Cash, Cash Equivalents and Short-Term Investments | 129.00M | 131.00M | 164.00M | 183.00M | 183.00M | 227.00M |
| Total Debt | 36.02B | 36.01B | 35.77B | 33.93B | 34.59B | 31.49B |
| Total Liabilities | 46.51B | 45.61B | 45.66B | 43.98B | 46.57B | 42.81B |
| Stockholders Equity | 37.30B | 37.48B | 38.45B | 39.24B | 45.51B | 45.17B |
Cash Flow | ||||||
| Free Cash Flow | 2.42B | 1.73B | 1.64B | 1.57B | 5.25B | 3.76B |
| Operating Cash Flow | 2.43B | 1.74B | 1.64B | 1.57B | 1.99B | 1.52B |
| Investing Cash Flow | -2.02B | -1.19B | -2.46B | -332.00M | -3.23B | -2.98B |
| Financing Cash Flow | -408.00M | -589.00M | 805.00M | -1.24B | 1.20B | 1.57B |
Fabege AB Technical Analysis
Neutral
80.85
Price Trends
77.22
Negative
77.94
Negative
79.25
Negative
Market Momentum
-0.12
Negative
49.94
Neutral
49.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FABG, the sentiment is Neutral. The current price of 80.85 is above the 20-day moving average (MA) of 75.43, above the 50-day MA of 77.22, and above the 200-day MA of 79.25, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 49.94 is Neutral, neither overbought nor oversold. The STOCH value of 49.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:FABG.
Fabege AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr27.11B | 9.90 | 6.07% | 1.25% | 2.45% | 194.60% | |
69 Neutral | kr9.11B | 12.38 | 5.43% | 2.91% | 0.52% | 80.58% | |
67 Neutral | kr24.35B | 11.15 | 9.74% | 3.60% | 6.89% | 15.60% | |
67 Neutral | kr16.70B | 11.56 | 12.28% | 1.75% | 12.12% | 62.58% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | kr23.97B | 55.62 | -0.92% | 2.39% | 12.54% | 114.41% |
* General Sector Average
SE:FABG
Fabege AB
76.20
-3.04
-3.84%
SE:WALL.B
Wallenstam AB
41.08
-3.21
-7.24%
SE:WIHL
Wihlborgs Fastigheter AB
79.20
-15.09
-16.01%
SE:NP3
NP3 Fastigheter AB
271.00
4.11
1.54%
SE:PLAZ.B
Platzer Fastigheter Holding AB
76.00
6.13
8.77%
Fabege AB Corporate Events
Fabege Launches New Housing Project in Expanding Haga Norra District
Jul 6, 2026
Fabege, through its wholly owned subsidiary Birger Bostad, is expanding the Haga Norra district in Arenastaden with a new Block 4 project comprising 132 tenant-owned apartments, ranging from one to five rooms, with construction set to begin in aut...
Fabege boosts earnings despite weaker net lettings and softer rental values
Jul 6, 2026
Fabege AB, one of Sweden’s largest commercial property owners, manages, owns and develops office and other business premises in Stockholm, the country’s most dynamic growth region. The company’s combination of rental property ope...
Fabege to Present Jan–Jul 2026 Interim Results via Audiocast and Call
Jun 15, 2026
Fabege AB has announced that it will publish its interim report for January to July 2026 on 6 July at 07:30 CET, followed by an audiocast and teleconference at 09:30 CET for investors, analysts and other stakeholders. The presentation, led by Pres...
Fabege Updates MTN Prospectus to Support 100% Green Financing Goal
Jun 4, 2026
Fabege has published its annually updated base prospectus for its Medium Term Note programme, originally established in 2016 to facilitate borrowing on the Swedish capital market, with the latest update involving no material changes. The prospectu...
Fabege Cancels Treasury Shares, Reducing Total Share Count
Jun 1, 2026
Fabege AB has reduced its total number of shares and votes to 314,577,096 following the cancellation of 16,206,048 treasury shares approved at the Annual General Meeting on 16 April 2026. The move trims the company’s share capital base, whic...
Fabege Q1 results show earnings recovery on stronger lettings and residential revenue
Apr 23, 2026
Fabege reported that first-quarter 2026 rental income rose to SEK 892m, while net operating income increased to SEK 639m despite a like-for-like decline in both rental income and operating profit. The Stockholm-focused landlord maintained a stable...
Fabege AGM Approves 2025 Dividend, Board Changes and Share Buyback Mandate
Apr 16, 2026
Fabege’s Annual General Meeting approved a dividend of SEK 2.20 per share for 2025, to be paid in four instalments, and resolved to reduce the share capital through cancellation of treasury shares combined with a bonus issue, signalling ongo...
Fabege to Present First-Quarter 2026 Interim Report on 23 April
Apr 7, 2026
Fabege will publish its interim report for January to March 2026 on 23 April at 07:30 CET and will present the results in an English-language audiocast and teleconference at 09:00 CET the same day. President and CEO Bent Oustad and Vice President ...
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.