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K-Fast Holding AB Class B
(KFAST.B)
Select Model
Select Model
Rating:51Neutral
Price Target:
kr12.00
▼(-5.06% Downside)
Action:Reiterated
Date:07/22/26
The score is held back primarily by balance-sheet risk (high leverage and low ROE) and thin/volatile bottom-line profitability, despite improving TTM revenue and currently strong free cash flow. Technicals are moderately supportive in the near term, but the high P/E valuation limits the overall score.
Positive Factors
Operating margins
Sustained high operating margins (~29% EBIT, ~32% EBITDA) indicate efficient property operations and development execution. Over 2-6 months this supports internal cash generation and buffers cyclical rent variability, helping cover fixed costs and fund reinvestment in the portfolio.
Negative Factors
High leverage
A debt-to-equity ratio near 2.85 leaves the company highly rate-sensitive and reduces financial flexibility. Over the medium term this increases refinancing and interest coverage risk, constrains balance-sheet agility for new projects, and magnifies earnings shocks from rent or valuation dips.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating margins
Sustained high operating margins (~29% EBIT, ~32% EBITDA) indicate efficient property operations and development execution. Over 2-6 months this supports internal cash generation and buffers cyclical rent variability, helping cover fixed costs and fund reinvestment in the portfolio.
Read all positive factors
K-Fast Holding AB Class B (KFAST.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr2.54B
Dividend YieldN/A
Average Volume (3M)239.98K
Price to Earnings (P/E)26.1
Beta (1Y)0.58
Revenue Growth58.05%
EPS GrowthN/A
CountrySE
Employees651
SectorConsumer Cyclical
Sector Strength84
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.43
Shares Outstanding223,493,160
10 Day Avg. Volume214,724
30 Day Avg. Volume239,978
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)0.63
Price to Sales (P/S)1.67
P/FCF Ratio4.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.1
Revenue Forecast (FY)kr1.89B
K-Fast Holding AB Class B Business Overview & Revenue Model
Company Description
K-Fast Holding AB (publ), headquartered in Hässleholm, Sweden, functions as a real estate developer, builder, and property owner throughout Sweden. The company's core business revolves around rental residential properties. Its diverse portfolio co...
How the Company Makes Money
K-Fast Holding AB primarily makes money by generating rental income from its owned residential properties and by developing new residential buildings that expand its rental property base over time. Key revenue streams typically include (1) recurri...
K-Fast Holding AB Class B Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
38
Negative
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.34B | 1.90B | 1.15B | 1.09B | 1.39B | 1.24B |
| Gross Profit | 716.00M | 626.00M | 498.20M | 395.80M | 302.50M | 267.10M |
| EBITDA | 800.00M | 557.20M | 669.60M | 323.30M | 978.20M | 1.40B |
| Net Income | 106.10M | -76.20M | 74.80M | -398.10M | 907.40M | 1.04B |
Balance Sheet | ||||||
| Total Assets | 24.90B | 26.81B | 17.47B | 16.81B | 15.27B | 11.48B |
| Cash, Cash Equivalents and Short-Term Investments | 144.20M | 143.10M | 9.50M | 5.80M | 35.40M | 94.00M |
| Total Debt | 14.38B | 15.68B | 10.32B | 10.12B | 8.46B | 5.94B |
| Total Liabilities | 17.12B | 18.65B | 12.16B | 11.71B | 10.10B | 7.25B |
| Stockholders Equity | 5.14B | 5.06B | 5.21B | 5.05B | 5.15B | 4.23B |
Cash Flow | ||||||
| Free Cash Flow | 737.10M | 704.80M | -1.37B | 192.40M | -1.82B | -1.05B |
| Operating Cash Flow | 750.30M | 721.50M | 30.70M | 203.60M | 150.10M | 325.30M |
| Investing Cash Flow | -1.32B | -1.51B | -653.00M | -2.31B | -2.75B | -2.52B |
| Financing Cash Flow | 621.70M | 923.60M | 625.90M | 2.08B | 2.54B | 1.78B |
K-Fast Holding AB Class B Technical Analysis
Neutral
12.64
Price Trends
11.17
Positive
10.83
Positive
11.46
Negative
Market Momentum
0.03
Positive
47.86
Neutral
28.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:KFAST.B, the sentiment is Neutral. The current price of 12.64 is above the 20-day moving average (MA) of 11.75, above the 50-day MA of 11.17, and above the 200-day MA of 11.46, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 47.86 is Neutral, neither overbought nor oversold. The STOCH value of 28.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:KFAST.B.
K-Fast Holding AB Class B Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr1.73B | 5.29 | ― | 1.67% | 4.35% | 152.83% | |
70 Outperform | kr4.47B | 15.31 | ― | 2.39% | 10.93% | -8.55% | |
69 Neutral | kr4.02B | 8.32 | 8.61% | 1.80% | 5.55% | 130.73% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | kr2.90B | 16.78 | 2.48% | ― | 57.31% | 302.59% | |
51 Neutral | kr2.54B | 26.09 | 2.07% | ― | 58.05% | ― |
* Consumer Cyclical Sector Average
SE:KFAST.B
K-Fast Holding AB Class B
11.22
-4.72
-29.61%
SE:BRIN.B
Brinova Fastigheter AB Class B
12.70
-3.70
-22.56%
SE:SFAST
Stenhus Fastigheter i Norden AB
12.06
1.43
13.44%
SE:FNOVA.B
Fortinova Fastigheter AB
24.00
-2.40
-9.09%
SE:GPG
Genova Property Group AB
37.30
-3.35
-8.25%
SE:EAST
Eastnine AB
45.90
>-0.01
-0.02%
K-Fast Holding AB Class B Corporate Events
K-Fast Holding Accelerates Capital-Light Strategy With Major Property Deal and Strong Prefab Order Book
Jul 21, 2026
K-Fast Holding AB’s interim report for January–June 2026 highlights stable construction income of SEK 1,018.8 million and rising property management income of SEK 567.9 million, with improved earnings per share in both segments and a s...
K-Fast Holding AGM Backs New Share Issue and Buyback Mandates
May 20, 2026
Shareholders in K-Fast Holding AB approved the company’s 2025 financial statements and agreed to retain SEK 4.45 billion in profits, while re-electing most of the board, adding a new director, and confirming Erik Selin as chairman. The AGM a...
K-Fastigheter-Backed Vigam Hires Investment Director as Swedish Residential Platform Expands
May 11, 2026
K-Fast Holding also manages a substantial property portfolio centered on housing and holds a majority stake in Brinova Fastigheter AB, a leading property company in southern Sweden with a focus on the Öresund region. The company’s B sha...
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.