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Platzer Fastigheter Holding AB
(PLAZ.B)
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Rating:69Neutral
Price Target:
kr82.00
▲(7.89% Upside)
Action:Reiterated
Date:07/05/26
The score is driven primarily by solid but risk-tinged financials: strong TTM revenue and profitability are offset by leverage and historically volatile earnings/cash flows with low cash coverage of debt. Technically, the stock is in an uptrend above key moving averages, though momentum looks somewhat overbought. Valuation is supportive with a low P/E and a moderate dividend yield.
Positive Factors
Recurring rental revenue model
A rental-focused business model built on contracted rent generates recurring, predictable cash flows over time. For a developer/operator like Platzer this underpins steady NOI, supports long-term tenant relationships, and enables value creation through redevelopment and lease-up activities that compound returns over multi-year horizons.
Negative Factors
Meaningful leverage
Debt near 1.14x equity limits financial flexibility and raises refinancing and interest-rate sensitivity. With cash flow coverage low relative to debt (~0.19x), higher rates or tighter credit conditions could compress free cash available for development and distributions, increasing downside in a stressed cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental revenue model
A rental-focused business model built on contracted rent generates recurring, predictable cash flows over time. For a developer/operator like Platzer this underpins steady NOI, supports long-term tenant relationships, and enables value creation through redevelopment and lease-up activities that compound returns over multi-year horizons.
Read all positive factors
Platzer Fastigheter Holding AB (PLAZ.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr9.11B
Dividend Yield2.91%
Average Volume (3M)182.23K
Price to Earnings (P/E)12.4
Beta (1Y)0.56
Revenue Growth0.52%
EPS Growth80.58%
CountrySE
Employees84
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)6.14
Shares Outstanding99,934,290
10 Day Avg. Volume148,979
30 Day Avg. Volume182,231
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.67
Price to Sales (P/S)5.09
P/FCF Ratio14.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr80.00Price Target Upside5.26% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)6.4
Revenue Forecast (FY)kr1.76B
Platzer Fastigheter Holding AB Business Overview & Revenue Model
Company Description
Operating within Sweden, Platzer Fastigheter Holding AB (publ) is a specialized commercial real estate firm. The company's core activities span the acquisition, enhancement, rental, and oversight of commercial properties, predominantly including o...
How the Company Makes Money
Platzer Fastigheter Holding AB primarily makes money by leasing space in its commercial property portfolio to tenants under rental contracts. Its core revenue stream is rental income (contracted rent) from offices and other commercial premises, su...
Platzer Fastigheter Holding AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.74B | 1.75B | 1.67B | 1.45B | 1.23B | 1.20B |
| Gross Profit | 1.37B | 1.38B | 1.31B | 1.13B | 940.00M | 923.00M |
| EBITDA | 1.29B | 1.40B | 1.25B | 1.08B | 898.00M | 2.32B |
| Net Income | 732.00M | 698.00M | 355.00M | -943.00M | 3.03B | 1.71B |
Balance Sheet | ||||||
| Total Assets | 31.82B | 31.60B | 32.02B | 29.77B | 29.46B | 26.96B |
| Cash, Cash Equivalents and Short-Term Investments | 267.00M | 156.00M | 391.00M | 167.00M | 217.00M | 171.00M |
| Total Debt | 15.05B | 14.96B | 15.87B | 13.98B | 11.85B | 12.46B |
| Total Liabilities | 18.80B | 18.38B | 19.42B | 17.29B | 15.47B | 15.89B |
| Stockholders Equity | 13.02B | 13.22B | 12.60B | 12.48B | 14.00B | 11.07B |
Cash Flow | ||||||
| Free Cash Flow | 824.00M | 611.00M | 925.00M | 604.00M | -626.00M | 675.00M |
| Operating Cash Flow | 824.00M | 611.00M | 925.00M | 604.00M | 616.00M | 686.00M |
| Investing Cash Flow | -463.00M | 394.00M | -2.33B | -2.49B | 1.24B | -2.33B |
| Financing Cash Flow | -377.00M | -1.24B | 1.63B | 1.83B | -1.81B | 1.67B |
Platzer Fastigheter Holding AB Technical Analysis
Positive
76.00
Price Trends
71.01
Positive
71.09
Positive
71.31
Positive
Market Momentum
1.58
Negative
65.98
Neutral
74.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:PLAZ.B, the sentiment is Positive. The current price of 76 is above the 20-day moving average (MA) of 70.61, above the 50-day MA of 71.01, and above the 200-day MA of 71.31, indicating a bullish trend. The MACD of 1.58 indicates Negative momentum. The RSI at 65.98 is Neutral, neither overbought nor oversold. The STOCH value of 74.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:PLAZ.B.
Platzer Fastigheter Holding AB Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | kr4.16B | 8.58 | 6.08% | 1.80% | 5.55% | 130.73% | |
69 Neutral | kr9.11B | 12.38 | 5.43% | 2.91% | 0.52% | 80.58% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | kr3.14B | 18.03 | 1.13% | ― | 57.31% | 302.59% | |
53 Neutral | kr5.05B | -1.18 | ― | 8.13% | -9.60% | -46.68% | |
44 Neutral | kr6.23B | -1.73 | -11.80% | ― | -22.67% | 97.81% | |
43 Neutral | kr5.05B | -1.18 | -8.81% | 2.28% | -9.60% | -46.68% |
* Real Estate Sector Average
SE:PLAZ.B
Platzer Fastigheter Holding AB
76.00
6.13
8.77%
SE:BRIN.B
Brinova Fastigheter AB Class B
13.65
-3.35
-19.71%
SE:SFAST
Stenhus Fastigheter i Norden AB
12.44
1.36
12.26%
SE:CORE.A
Corem Property Group AB Class A
3.54
-1.59
-30.99%
SE:SBB.B
Samhallsbyggnadsbolaget I Norden AB Class B
3.72
-1.71
-31.52%
SE:CORE.D
Corem Property Group AB Class D
225.00
9.37
4.34%
Platzer Fastigheter Holding AB Corporate Events
Platzer boosts earnings and logistics footprint on stable Gothenburg property market
Jul 3, 2026
Platzer Fastigheter reported stable performance for the first half of 2026, with rental income flat at SEK 873 million but income from property management up 2% to SEK 409 million, supported by positive net lettings of SEK 54 million and an improv...
Platzer Posts Stable Q1 as Gothenburg Deals Boost Industrial and Office Footprint
Apr 17, 2026
Platzer reported a mixed but strategically positive first quarter of 2026, with rental income down 2% to SEK 435 million and operating surplus down 4% to SEK 333 million, while income from property management inched up 1% to SEK 196 million and ne...
Platzer launches SEK 200m share buyback to fine-tune capital structure
Apr 17, 2026
Platzer Fastigheter Holding AB has launched a share buyback programme of up to SEK 200 million in Class B shares on Nasdaq Stockholm, under a mandate granted by its 2026 annual general meeting. The board aims to optimise the company’s capita...
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.