Fabege AB (FABG) AI Stock Analysis

• Market Cap: kr25.86B
• Dividend Yield: 2.38%
• Average Volume (3M): 687.30K
• Price to Earnings (P/E): 90.4
• Beta (1Y): 0.66
• Revenue Growth: -3.46%
• EPS Growth: N/A
• Country: SE
• Employees: 228
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 1.23
• Shares Outstanding: 330,783,140
• 10 Day Avg. Volume: 662,166
• 30 Day Avg. Volume: 687,302
• PEG Ratio: 1.27
• Price to Book (P/B): 0.68
• Price to Sales (P/S): 7.10
• P/FCF Ratio: 15.93
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr79.90
• Price Target Upside: -1.36% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: kr84.00 ▲(3.70% Upside)

Fabege AB's overall stock score reflects its strong operational efficiency and stable financial structure, but is weighed down by challenges in revenue growth, net profitability, and high valuation concerns. The technical analysis indicates a stable price trend without significant bullish momentum. The absence of earnings call data and corporate events means these factors did not influence the score.

Positive Factors

Operational Efficiency

High gross and EBIT margins indicate effective cost management and strong operational processes, which can sustain profitability over time.

Stable Financial Structure

A balanced debt-to-equity ratio suggests prudent financial management, providing stability and flexibility for future investments.

Efficient Cash Conversion

Efficient cash conversion indicates the company's ability to turn profits into cash, supporting ongoing operations and growth initiatives.

Negative Factors

Declining Revenue Growth

Declining revenue growth can hinder the company's ability to expand and compete, potentially impacting long-term market position and profitability.

Low Return on Equity

Low return on equity indicates inefficient use of shareholder funds, which can deter investment and limit growth potential.

Declining Free Cash Flow Growth

A decline in free cash flow growth suggests challenges in generating cash, which can affect the company's ability to fund operations and investments.

Fabege AB Business Overview & Revenue Model

Company Description

Fabege AB (FABG) is a leading real estate company based in Sweden, primarily focused on the development, management, and investment of commercial properties, particularly in the Stockholm area. The company specializes in office buildings and mixed-use properties, aiming to create sustainable and attractive environments for tenants. Fabege is committed to innovative urban development and strives to enhance the value of its real estate portfolio through strategic acquisitions and property enhancements.

How the Company Makes Money

Fabege AB generates revenue primarily through leasing commercial properties to businesses, which constitutes its main revenue stream. The company leases office spaces, retail units, and other commercial facilities, resulting in stable rental income. In addition to leasing, Fabege earns income from property development projects, where it creates new buildings or refurbishes existing ones to increase their market value. The company may also realize profits from the sale of properties in its portfolio, particularly when market conditions are favorable. Strategic partnerships with local governments and other stakeholders in urban development projects further enhance its business opportunities, contributing to its overall earnings through collaborative projects and investments in infrastructure that attract tenants to its properties.

Fabege AB Financial Statement Overview

Summary

Fabege AB shows strong operational efficiency with high gross and EBIT margins, but faces challenges in revenue growth and net profitability. The balance sheet is stable with a balanced debt-to-equity ratio, but low return on equity indicates room for improvement in shareholder returns. Cash flow analysis reveals efficient cash conversion but highlights concerns with declining free cash flow growth.

Income Statement

Fabege AB's income statement shows a mixed performance. The TTM data indicates a slight decline in revenue growth at -1.95%, which is concerning. However, the company maintains a healthy gross profit margin of 69.29% and an EBIT margin of 34.47%, suggesting strong operational efficiency. The net profit margin is low at 5.52%, indicating challenges in translating revenue into net income. Historical data shows fluctuating revenue growth and profitability, with significant losses in 2023. Overall, the income statement reflects operational strength but highlights concerns with revenue growth and net profitability.

Balance Sheet

The balance sheet of Fabege AB reveals a stable financial structure with a debt-to-equity ratio of 0.95 in the TTM period, indicating a balanced approach to leveraging. The equity ratio stands at 44.94%, showing a solid equity base. However, the return on equity is low at 0.53%, suggesting limited returns on shareholder investments. Historical data shows a gradual increase in debt levels, which could pose a risk if not managed carefully. Overall, the balance sheet reflects stability but highlights the need for improved returns on equity.

Cash Flow

Fabege AB's cash flow statement shows a decline in free cash flow growth at -23.69% in the TTM period, which is a concern. The operating cash flow to net income ratio is 0.28, indicating moderate cash generation relative to net income. The free cash flow to net income ratio is strong at 1.0, suggesting efficient cash conversion. Historical data shows variability in cash flow growth, with significant fluctuations in free cash flow. Overall, the cash flow statement highlights challenges in sustaining cash flow growth, despite efficient cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.57B	3.67B	3.93B	3.33B	2.95B	2.81B
Gross Profit	2.54B	2.53B	2.48B	2.16B	2.18B	2.11B
EBITDA	1.60B	940.00M	-6.38B	1.93B	6.70B	4.72B
Net Income	286.00M	-213.00M	-5.52B	2.38B	5.40B	3.17B
Balance Sheet
Total Assets	83.78B	84.11B	83.22B	92.08B	87.99B	79.17B
Cash, Cash Equivalents and Short-Term Investments	115.00M	164.00M	183.00M	183.00M	227.00M	128.00M
Total Debt	35.91B	35.77B	33.93B	34.59B	31.49B	27.57B
Total Liabilities	46.13B	45.66B	43.98B	46.57B	42.81B	37.62B
Stockholders Equity	37.65B	38.45B	39.24B	45.51B	45.17B	41.54B
Cash Flow
Free Cash Flow	1.05B	1.64B	1.57B	5.25B	3.76B	1.35B
Operating Cash Flow	1.05B	1.64B	1.57B	1.99B	1.52B	1.35B
Investing Cash Flow	-1.31B	-2.46B	-332.00M	-3.23B	-2.98B	-18.00M
Financing Cash Flow	248.00M	805.00M	-1.24B	1.20B	1.57B	-1.33B

Fabege AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 81.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FABG, the sentiment is Negative. The current price of 81 is below the 20-day moving average (MA) of 81.65, below the 50-day MA of 81.35, and below the 200-day MA of 81.02, indicating a bearish trend. The MACD of -0.23 indicates Positive momentum. The RSI at 45.66 is Neutral, neither overbought nor oversold. The STOCH value of 54.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:FABG.

Fabege AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WIHL	78 Outperform	kr28.28B	12.68	9.74%	3.57%	5.18%	349.60%
PLAZ.B	75 Outperform	$9.00B	12.76	5.26%	2.95%	8.42%	―
NP3	73 Outperform	kr15.64B	14.39	12.28%	1.69%	14.33%	204.60%
WALL.B	66 Neutral	kr29.12B	15.32	6.07%	1.17%	-5.96%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
NYF	57 Neutral	€16.33B	28.34	3.19%	1.83%	0.03%	―
FABG	54 Neutral	kr25.86B	90.41	0.76%	2.38%	-3.46%	―

Fabege AB Corporate Events

Fabege AB Reports Mixed Financial Results for Q3 2025

Fabege AB’s Q3 2025 interim report reveals a mixed financial performance. The company reported a slight increase in rental income and profit from property management, but faced challenges with a decline in net operating income and a negative change in property values. Despite these challenges, Fabege managed to renegotiate and extend several leases, maintaining a stable surplus ratio and loan-to-value ratio, which may indicate resilience in its core operations.

The most recent analyst rating on (SE:FABG) stock is a Hold with a SEK81.00 price target. To see the full list of analyst forecasts on Fabege AB stock, see the SE:FABG Stock Forecast page.

Fabege AB to Present Interim Report for Jan-Oct 2025

Fabege AB has announced the release of its interim report for January to October 2025, scheduled for publication on October 21, 2025. The report will be presented by the company’s President and CEO, Stefan Dahlbo, and Vice President and CFO, Åsa Bergström, in an audiocast and teleconference, with sessions available in both English and Swedish.

The most recent analyst rating on (SE:FABG) stock is a Hold with a SEK80.00 price target. To see the full list of analyst forecasts on Fabege AB stock, see the SE:FABG Stock Forecast page.

Fabege AB Announces Nomination Committee for 2026 AGM

Fabege AB has announced the composition of its Nomination Committee for the 2026 Annual General Meeting. The committee, representing around 44.2% of the voting rights, will present proposals for board and auditor appointments, fees, and potential amendments to the committee’s instructions ahead of the AGM scheduled for April 16, 2026.

The most recent analyst rating on (SE:FABG) stock is a Hold with a SEK80.00 price target. To see the full list of analyst forecasts on Fabege AB stock, see the SE:FABG Stock Forecast page.

Fabege AB Achieves Top Rankings in 2025 GRESB Evaluation

Fabege AB has achieved top rankings in the 2025 Global Real Estate Sustainability Benchmark (GRESB) evaluation, scoring 94 in management and 99 in project development. This recognition underscores Fabege’s commitment to sustainability, enhancing its customer offerings and contributing to the sustainable development of the Stockholm region.

The most recent analyst rating on (SE:FABG) stock is a Sell with a SEK57.30 price target. To see the full list of analyst forecasts on Fabege AB stock, see the SE:FABG Stock Forecast page.

Fabege Sells Development Rights in Västra Kungsholmen to Besqab

Fabege AB has announced the sale of 7,800 square meters of development rights in the Paradiset 23 property in Västra Kungsholmen to Besqab for SEK 200 million. This transaction, which includes residential and commercial building rights, is expected to complete in May 2026 and aligns with Fabege’s strategy to focus on office development while contributing to the area’s residential growth.

The most recent analyst rating on (SE:FABG) stock is a Sell with a SEK57.30 price target. To see the full list of analyst forecasts on Fabege AB stock, see the SE:FABG Stock Forecast page.