Aktiebolaget Fastator (FASTAT) AI Stock Analysis

• Market Cap: kr137.56M
• Dividend Yield: N/A
• Average Volume (3M): 79.93K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.02
• Revenue Growth: -37.20%
• EPS Growth: 69.96%
• Country: SE
• Employees: 186
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -4.58
• Shares Outstanding: 344,481,540
• 10 Day Avg. Volume: 64,323
• 30 Day Avg. Volume: 79,933
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.20
• Price to Sales (P/S): 0.23
• P/FCF Ratio: -1.95
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: kr0.40 ▼(-41.47% Downside)
• Action: Downgraded Date: 03/12/26
• Date: Action: Downgraded 03/12/26

The score is weighed down primarily by weak financial performance (deep losses, negative operating/free cash flow, and negative equity with high debt). Technicals add some near-term stabilization (above the 20-day average) but remain negative on longer-term trend measures (below 50/100/200-day averages and negative MACD). Valuation provides limited support due to negative earnings and no dividend yield data.

Positive Factors

Focused real-estate investment model

Fastator’s core model—actively owning and developing stakes in property companies and projects—creates structural optionality: management can realize value via exits, dividends or project development. Active ownership aligns incentives to drive asset-level value over quarters and years.

Large asset base provides optionality

A sizeable asset base (~2.35B) gives the company durable optionality to manage liquidity: assets can be monetized, pledged for refinancing, or restructured to fund operations or deleveraging. This structural buffer supports recovery paths over several months.

Improving margins and cash trends

Improved gross margins and a material improvement in cash generation versus prior years indicate the business is addressing operational weaknesses. If sustained, these trends reduce reliance on asset sales and external funding, supporting medium-term stabilization of operations.

Negative Factors

Negative equity and high leverage

Negative equity and ~2.47B of debt materially reduce financial flexibility, heightening refinancing and covenant risk. A thin or impaired capital cushion makes the company vulnerable to adverse rate or market moves and constrains strategic investments or opportunistic buying.

Deep net losses and revenue decline

Persistent, large losses and contracting revenue erode the capital base and limit internal funding for projects. Over the medium term this pressures stakeholder confidence, forces tougher capital allocation choices, and may necessitate asset disposals at suboptimal times.

Negative operating and free cash flow

Ongoing negative operating and free cash flow means the company cannot self-fund its activities and remains dependent on asset sales or external financing. This structural cash gap increases refinancing frequency and raises execution risk for development projects and debt reduction.

Aktiebolaget Fastator Business Overview & Revenue Model

Company Description

Aktiebolaget Fastator (publ) invests in real estate companies in Sweden. The company owns and acquires community service properties. It also provides property management services. Aktiebolaget Fastator (publ) was incorporated in 2005 and is based in Stockholm, Sweden.

How the Company Makes Money

Fastator primarily makes money through returns generated from its real estate-related holdings. Key sources typically include: (1) value appreciation and realized gains when it sells shares in portfolio companies or exits property/project investments; (2) recurring income received from portfolio companies (e.g., dividends or other distributions) when such payouts occur; and (3) income related to financing and capital structure activities connected to its holdings (e.g., interest income) when applicable. The company’s earnings are therefore largely driven by the performance of its underlying real estate investments and the timing of exits and distributions. Specific breakdowns of revenue by stream, named significant partnerships, and the exact contribution of each income type are null.

Aktiebolaget Fastator Financial Statement Overview

Summary

Financials are highly strained: TTM net income is deeply negative (-549.1M) with a very loss-making net margin (~-119%), revenues are contracting (~-6.5% TTM), and both operating cash flow (-24.2M) and free cash flow (-25.0M) are negative. The balance sheet is the biggest risk with negative equity (~-256.3M) alongside high total debt (~2.47B), reducing financial flexibility despite some gross margin improvement versus 2024.

Income Statement

Profitability has deteriorated sharply: TTM (Trailing-Twelve-Months) net income is deeply negative (-549.1M) and margins are heavily loss-making (net margin ~-119%). While gross margin improved versus 2024 (TTM ~78% vs. ~60%), operating performance remains weak with negative EBITDA and only modestly positive EBIT in TTM, suggesting earnings are being pressured by costs below the gross line and/or non-operating items. Revenue is also contracting (TTM revenue down ~6.5%), extending the multi-year pattern of declines from 2022–2024, which limits the path back to sustainable profitability.

Balance Sheet

Balance sheet risk is elevated due to negative equity in TTM (stockholders’ equity ~-256.3M), which indicates a thin (or impaired) capital cushion and increases refinancing and covenant sensitivity. Total debt remains high (~2.47B in TTM), and returns on equity are strongly negative, consistent with ongoing losses eroding the capital base. While total assets are sizable (~2.35B), the shift from positive equity in 2024 to negative in TTM signals worsening financial flexibility.

Cash Flow

Cash generation is weak: TTM (Trailing-Twelve-Months) operating cash flow is negative (-24.2M) and free cash flow is also negative (-25.0M), implying the business is not currently self-funding. Cash flow has improved materially versus 2022–2023 (when operating cash outflows were far larger), but the company still has not returned to consistent positive operating cash flow, leaving it more reliant on asset sales or external financing. The gap between losses and cash flow is not yet supportive enough to offset ongoing earnings pressure.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	225.79M	332.30M	495.12M	597.76M	365.93M
Gross Profit	49.95M	200.49M	310.71M	394.50M	248.54M
EBITDA	-313.14M	-222.37M	-719.54M	24.16M	776.78M
Net Income	-549.08M	-470.82M	-925.19M	-254.48M	468.98M
Balance Sheet
Total Assets	2.35B	2.75B	3.29B	4.50B	7.40B
Cash, Cash Equivalents and Short-Term Investments	63.89M	49.14M	68.36M	184.45M	492.48M
Total Debt	2.47B	2.27B	2.29B	2.51B	3.69B
Total Liabilities	2.62B	2.47B	2.49B	2.77B	4.92B
Stockholders Equity	-256.34M	308.38M	783.96M	1.71B	2.10B
Cash Flow
Free Cash Flow	-26.54M	-23.43M	-158.94M	-167.54M	-514.22M
Operating Cash Flow	-25.73M	-18.62M	-153.47M	-166.18M	305.93M
Investing Cash Flow	5.79M	217.54M	105.92M	-987.20M	-1.99B
Financing Cash Flow	34.68M	-218.15M	-68.55M	887.26M	1.21B

Aktiebolaget Fastator Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FASTAT, the sentiment is Neutral. The current price of 0.68 is above the 20-day moving average (MA) of 0.37, above the 50-day MA of 0.42, and below the 200-day MA of 0.75, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.88 is Neutral, neither overbought nor oversold. The STOCH value of 35.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:FASTAT.

Aktiebolaget Fastator Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SOLNA	60 Neutral	kr428.64M	9.56	―	5.79%	4.30%	―
LINKAB	56 Neutral	kr208.74M	19.74	―	5.48%	-12.37%	-53.91%
BONAS	50 Neutral	kr439.52M	10.55	―	―	1.12%	―
TESSIN	42 Neutral	kr17.13M	-0.51	―	―	-38.13%	-75.67%
FASTAT	40 Underperform	kr137.56M	-0.09	-772.82%	―	-37.20%	69.96%