K-Fast Holding AB Class B (KFAST.B) AI Stock Analysis

• Market Cap: kr2.70B
• Dividend Yield: N/A
• Average Volume (3M): 239.98K
• Price to Earnings (P/E): 70.6
• Beta (1Y): 0.54
• Revenue Growth: 58.82%
• EPS Growth: N/A
• Country: SE
• Employees: 565
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Real Estate - Services
• EPS (TTM): 0.11
• Shares Outstanding: 223,493,160
• 10 Day Avg. Volume: 214,724
• 30 Day Avg. Volume: 239,978
• PEG Ratio: -0.51
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 3.61
• P/FCF Ratio: -3.04
• 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: 44 Neutral
• Price Target: kr11.50 ▼(-9.02% Downside)

The overall stock score is primarily influenced by the company's mixed financial performance, characterized by strong revenue growth but significant profitability and cash flow challenges. Technical analysis suggests potential bearish momentum, while the high P/E ratio indicates overvaluation concerns. The absence of earnings call insights and corporate events leaves these factors unaddressed.

Positive Factors

Sustained revenue growth

Consistent TTM revenue growth of 14.49% indicates the company is expanding its rental and development activity. For a multifamily landlord-developer, rising top-line over multiple quarters supports scale economies, recurring rent base expansion, and capacity to reinvest in projects, strengthening cash flow prospects over the coming months.

High operating margins

Robust gross and operating margins (gross 42.38%, EBIT 35.53%, EBITDA 40.51% TTM) point to operational efficiency and potential pricing or cost advantages. For a combined owner-developer using industrialized building methods, strong margins provide durable capacity to fund maintenance and development, cushioning profitability through business cycles.

Recurring rental business plus development

The core model of recurring rental income combined with in-house development creates predictable cash flows and a pathway to add inventory and value. Industrialized building methods can lower construction cost and speed delivery, offering structural advantages for scaling the portfolio and improving long-term unit economics.

Negative Factors

High leverage

A debt-to-equity ratio of 3.01 and low equity ratio (19.13% TTM) show significant leverage exposure. High indebtedness reduces financial flexibility, heightens refinancing and interest-rate risk, and magnifies downside if cash flows dip, making capital structure a material long-term vulnerability for operations and growth.

Negative profitability and shrinking FCF

A negative net profit margin (-5.07% TTM) alongside negative free cash flow growth (-14.82% TTM) indicates earnings and capital returns are not producing sustainable cash. This combination impairs the firm's ability to self-fund development and service debt, increasing reliance on external financing over the medium term.

Weak cash conversion

An operating cash flow to net income ratio of -0.56 TTM shows earnings are not translating into operating cash. Poor cash conversion undermines internal funding for capex and working capital, forcing dependence on debt or equity and elevating structural liquidity risk across upcoming quarters.

K-Fast Holding AB Class B Business Overview & Revenue Model

Company Description

K-Fast Holding AB (publ) operates as a project development, construction, and property company in Sweden. The company focuses primarily on rental housing properties. Its property portfolio includes low-rise and lateral low-rise buildings, and apartment blocks, as well as commercial properties. As of December 31, 2021, the company's property and project portfolio comprised of 10,585 apartments. K-Fast Holding AB (publ) was incorporated in 2010 and is headquartered in Hässleholm, Sweden.

How the Company Makes Money

K-Fast Holding generates revenue primarily through the development and sale of residential properties. The company's revenue model is anchored in several key streams: first, it earns income by selling completed residential units to private buyers and investors. Second, K-Fast engages in long-term rental agreements, generating steady cash flow through its property management services. Additionally, the company benefits from partnerships with municipalities and other stakeholders, facilitating land acquisitions and development projects. Strategic collaborations with construction firms and suppliers also enhance operational efficiency and cost management, contributing to overall profitability.

K-Fast Holding AB Class B Financial Statement Overview

Summary

K-Fast Holding AB Class B exhibits a mixed financial performance. While revenue growth and operational margins are strong, the company faces profitability challenges with a negative net profit margin. The balance sheet shows high leverage, posing financial stability risks. Cash flow management is a significant concern, with negative free cash flow growth. The company needs to address these issues to enhance financial health and stability.

Income Statement

The company shows a mixed performance in its income statement. The TTM data indicates a gross profit margin of 42.38%, which is relatively healthy. However, the net profit margin is negative at -5.07%, indicating profitability challenges. Revenue growth is strong at 14.49% TTM, showing positive momentum. EBIT and EBITDA margins are solid at 35.53% and 40.51% respectively, suggesting operational efficiency, but the negative net profit margin is a concern.

Balance Sheet

The balance sheet reveals high leverage with a debt-to-equity ratio of 3.01 TTM, which is a potential risk. The return on equity is negative at -1.46% TTM, indicating inefficiency in generating returns for shareholders. The equity ratio is 19.13% TTM, suggesting a moderate reliance on equity financing. Overall, the balance sheet shows financial stability concerns due to high debt levels.

Cash Flow

Cash flow analysis highlights significant challenges. The free cash flow growth rate is negative at -14.82% TTM, and the operating cash flow to net income ratio is -0.56 TTM, indicating cash flow issues relative to earnings. The free cash flow to net income ratio is 79.09% TTM, which is positive but overshadowed by the overall negative cash flow trends. The company needs to improve its cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.70B	1.15B	1.09B	1.39B	1.24B	214.10M
Gross Profit	710.30M	498.20M	395.80M	302.50M	267.10M	144.20M
EBITDA	682.10M	669.60M	323.30M	978.20M	1.40B	688.20M
Net Income	42.10M	74.80M	-398.10M	907.40M	1.04B	474.50M
Balance Sheet
Total Assets	26.93B	17.47B	16.81B	15.27B	11.48B	7.66B
Cash, Cash Equivalents and Short-Term Investments	164.00M	9.50M	5.80M	35.40M	94.00M	507.60M
Total Debt	15.88B	10.32B	10.12B	8.46B	5.94B	3.85B
Total Liabilities	19.09B	12.16B	11.71B	10.10B	7.25B	4.45B
Stockholders Equity	5.15B	5.21B	5.05B	5.15B	4.23B	3.21B
Cash Flow
Free Cash Flow	-1.35B	-1.37B	192.40M	-1.82B	-1.05B	-901.90M
Operating Cash Flow	167.80M	30.70M	203.60M	150.10M	325.30M	-64.40M
Investing Cash Flow	-1.61B	-653.00M	-2.31B	-2.75B	-2.52B	-1.89B
Financing Cash Flow	1.59B	625.90M	2.08B	2.54B	1.78B	1.68B

K-Fast Holding AB Class B Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.64
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:KFAST.B, the sentiment is Negative. The current price of 12.64 is above the 20-day moving average (MA) of 12.49, below the 50-day MA of 12.74, and below the 200-day MA of 13.82, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 34.30 is Neutral, neither overbought nor oversold. The STOCH value of 18.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:KFAST.B.

K-Fast Holding AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SFAST	70 Neutral	kr4.22B	11.78	6.08%	1.80%	-2.06%	―
GPG	65 Neutral	kr1.85B	7.31	―	1.67%	0.71%	―
EAST	63 Neutral	kr4.83B	11.58	―	2.39%	―	―
BRIN.B	62 Neutral	kr3.38B	20.04	2.27%	―	51.80%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
KFAST.B	44 Neutral	kr2.70B	70.60	0.75%	―	58.82%	―

K-Fast Holding AB Class B Corporate Events

K-Fast Holding Launches Management Stock Option Program Backed by Major Shareholders

K-Fast Holding AB has approved participation in an employee stock option incentive program set up by major shareholders Jacob Karlsson AB and Erik Selin Fastigheter AB, targeting selected members of group management and based entirely on existing B-shares to avoid dilution. The program comprises up to 3 million free options, each exercisable into one B-share between the 2027 year-end report and 31 December 2028 (or earlier in the event of a takeover above 90% ownership), at an exercise price initially set at SEK 11 per share excluding the value of the Brinova holding and potentially reduced if performance targets are met; by tying exercise rights to continued employment and company results, K-Fastigheter aims to strengthen management’s alignment with shareholders and support profitability and long-term growth, with a theoretical total program value of about SEK 1.66 million based on Black & Scholes valuation assumptions.

The most recent analyst rating on ($SE:KFAST.B) stock is a Hold with a SEK13.50 price target. To see the full list of analyst forecasts on K-Fast Holding AB Class B stock, see the SE:KFAST.B Stock Forecast page.

K-Fastigheter and ByggVesta Launch Joint Venture for 500 Rental Homes in Stockholm and Malmö

K-Fastigheter and residential developer ByggVesta have entered a strategic joint venture to develop and construct about 500 new rental apartments in one project in Stockholm and one in Malmö, with building permit processes starting immediately and construction targeted to begin in the first quarter of 2027. By combining ByggVesta’s experience in large-scale urban development with K-Fastigheter’s industrialized building systems, the partnership aims to deliver cost-effective, sustainable and high-quality housing in high-demand areas, and the parties are also considering a potential divestment of the projects at an appropriate time, which could influence K-Fastigheter’s capital allocation and positioning in the Swedish residential rental market.

The most recent analyst rating on ($SE:KFAST.B) stock is a Hold with a SEK13.50 price target. To see the full list of analyst forecasts on K-Fast Holding AB Class B stock, see the SE:KFAST.B Stock Forecast page.

K-Fast Holding AB Reports Mixed Financial Results Amid Strategic Expansion

K-Fast Holding AB reported a mixed financial performance for the January to September period, with construction income increasing to SEK 1,436.6 million, but gross profit and profit before changes in value declining due to fewer construction starts and cost increases. The property management segment showed strong growth, with income rising by 68% to SEK 765.8 million, largely due to the consolidation of Brinova Fastigheter AB. The company also announced significant property acquisitions and leadership changes, which are expected to impact future operations positively.

The most recent analyst rating on ($SE:KFAST.B) stock is a Hold with a SEK14.50 price target. To see the full list of analyst forecasts on K-Fast Holding AB Class B stock, see the SE:KFAST.B Stock Forecast page.