Hufvudstaden AB (SE:HUFV.A)
:HUFV.A
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Hufvudstaden AB
(HUFV.A)
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Rating:64Neutral
Price Target:
kr132.00
▲(7.49% Upside)
Action:Downgraded
Date:05/09/26
The score is driven primarily by improving financial performance (strong recent profitability and faster revenue growth) but tempered by cyclical earnings volatility, rising debt and only moderate cash-flow coverage. Technicals are broadly neutral around major moving averages, and valuation appears reasonable-to-slightly expensive given the P/E, with the dividend providing some support.
Positive Factors
Prime portfolio and location advantage
Concentration in prime central Stockholm and Gothenburg supports durable tenant demand, pricing power and lower vacancy in city-center office and retail. Long-term leases and strong location fundamentals sustain rental income resilience and reduce downside in cyclical downturns.
Negative Factors
Rising debt trend
An upward debt trend raises structural refinancing and interest-rate sensitivity for a capital-intensive property owner. Higher leverage reduces flexibility to fund development or absorb rent shocks and increases the importance of maintaining occupancy and rental levels to avoid longer-term strain on solvency.
Read all positive and negative factors
Positive Factors
Negative Factors
Prime portfolio and location advantage
Concentration in prime central Stockholm and Gothenburg supports durable tenant demand, pricing power and lower vacancy in city-center office and retail. Long-term leases and strong location fundamentals sustain rental income resilience and reduce downside in cyclical downturns.
Read all positive factors
Hufvudstaden AB (HUFV.A) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr22.52B
Dividend Yield2.27%
Average Volume (3M)320.06K
Price to Earnings (P/E)19.7
Beta (1Y)0.39
Revenue Growth-1.90%
EPS Growth27.69%
CountrySE
Employees248
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)5.31
Shares Outstanding186,436,430
10 Day Avg. Volume158,823
30 Day Avg. Volume320,057
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)0.89
Price to Sales (P/S)7.54
P/FCF Ratio18.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr140.00Price Target Upside14.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)5.73
Revenue Forecast (FY)kr2.68B
Hufvudstaden AB Business Overview & Revenue Model
Company Description
Hufvudstaden AB (HUFV.A) is a leading real estate company based in Sweden, primarily focused on the development, management, and leasing of commercial properties. The company operates in key sectors, including office spaces, retail properties, and...
How the Company Makes Money
Hufvudstaden makes money primarily from real estate operations. Its core revenue stream is rental income from leasing office and retail premises in its centrally located properties to business tenants and retailers, typically under multi-year comm...
Hufvudstaden AB Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
70
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.30B | 3.29B | 3.18B | 2.96B | 2.75B | 2.64B |
| Gross Profit | 1.66B | 1.64B | 1.55B | 1.47B | 1.35B | 1.34B |
| EBITDA | 1.60B | 1.58B | 1.56B | 1.47B | 1.11B | 3.89B |
| Net Income | 1.05B | 836.60M | 364.60M | -1.93B | 722.00M | 2.96B |
Balance Sheet | ||||||
| Total Assets | 50.57B | 50.19B | 48.87B | 48.44B | 51.24B | 51.10B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 0.00 | 472.60M | 382.40M | 453.00M | 1.18B |
| Total Debt | 12.83B | 12.38B | 10.54B | 10.13B | 9.71B | 9.92B |
| Total Liabilities | 22.98B | 22.33B | 20.27B | 19.66B | 19.97B | 20.03B |
| Stockholders Equity | 27.59B | 27.86B | 28.61B | 28.79B | 31.26B | 31.07B |
Cash Flow | ||||||
| Free Cash Flow | 921.60M | 1.32B | 1.22B | 1.32B | 972.70M | 978.80M |
| Operating Cash Flow | 1.28B | 1.32B | 1.24B | 1.39B | 1.02B | 994.30M |
| Investing Cash Flow | -1.14B | -1.18B | -991.10M | -1.30B | -1.02B | -628.30M |
| Financing Cash Flow | 10.30M | -42.10M | -154.00M | -154.90M | -735.50M | 32.40M |
Hufvudstaden AB Technical Analysis
Positive
122.80
Price Trends
122.50
Positive
122.10
Positive
122.34
Positive
Market Momentum
1.00
Negative
59.69
Neutral
86.59
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HUFV.A, the sentiment is Positive. The current price of 122.8 is below the 20-day moving average (MA) of 124.08, above the 50-day MA of 122.50, and above the 200-day MA of 122.34, indicating a bullish trend. The MACD of 1.00 indicates Negative momentum. The RSI at 59.69 is Neutral, neither overbought nor oversold. The STOCH value of 86.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:HUFV.A.
Hufvudstaden AB Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | kr25.98B | 12.07 | 9.74% | 3.60% | 6.56% | 30.63% | |
66 Neutral | kr59.69B | 10.23 | 1.27% | 1.77% | -2.63% | -11.65% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | kr22.52B | 19.74 | 3.94% | 2.27% | -1.90% | 27.69% | |
62 Neutral | kr26.60B | 14.71 | 6.07% | 1.25% | 3.00% | 145.54% | |
56 Neutral | kr63.12B | 7.74 | 10.31% | ― | 4.62% | 22.69% | |
56 Neutral | kr18.83B | 22.79 | 3.82% | 2.20% | 1.51% | -36.16% |
* Real Estate Sector Average
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Hufvudstaden AB Corporate Events
Hufvudstaden Lifts Q1 Profit on Higher Rents and Lower Vacancies
May 7, 2026
Hufvudstaden reported a solid start to 2026, with rental income from property management up 2% to SEK 634 million and total net revenue at SEK 815 million. Gross profit rose 6% to SEK 422 million, supported by a lower rental vacancy rate of 4.8% a...
Hufvudstaden Cancels 16.97 Million Shares While Keeping Share Capital Intact
Apr 30, 2026
Hufvudstaden AB has cancelled 16,965,000 of its own Class A shares that had previously been repurchased under a resolution from the March 19, 2026, Annual General Meeting. Following this cancellation, the company now has 194,306,933 outstanding sh...
Hufvudstaden AGM Confirms Dividend, Board Line-Up and Capital Measures
Mar 19, 2026
Hufvudstaden AB held its 2026 Annual General Meeting in Stockholm, where shareholders approved a dividend of SEK 2.90 per share, set for payment in late March. The meeting re-elected the existing board members except for one departing director, co...
Hufvudstaden Publishes 2025 Annual Report and Sets English Release Date
Feb 16, 2026
Hufvudstaden AB has published its 2025 annual report in Swedish on the company’s website, with tables and figures to be made available in both Swedish and English online. A full English version of the report will be released on the site by T...
Hufvudstaden Lifts Profit and Portfolio Value on Strong Office and Retail Demand
Feb 12, 2026
Hufvudstaden reported a resilient 2025, increasing rent revenue from property management by 6% to SEK 2,453 million and lifting group gross profit by 5% to SEK 1,635 million despite a weak macroeconomic environment. The property portfolio’s ...
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.