Samhallsbyggnadsbolaget I Norden AB Class B (SE:SBB.B)
:SBB.B
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Samhallsbyggnadsbolaget I Norden AB Class B
(SBB.B)
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Rating:43Neutral
Price Target:
kr3.00
▼(-36.44% Downside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by weak financial performance (multi-year revenue decline, large losses, negative operating/free cash flow) alongside elevated leverage and shrinking equity. Technicals reinforce risk with a clear downtrend, though oversold readings slightly temper the downside. Valuation is constrained by a negative P/E and no dividend data, offering limited support.
Positive Factors
Stable rental model; social infrastructure focus
SBB's core business is recurring rental income from long-term leases in social infrastructure and residential assets. Public-sector and community-service tenants tend to offer lower default and vacancy risk, supporting steadier rental cash flows and predictable income over multi-month periods.
Negative Factors
Materially elevated leverage
Leverage near 4x debt-to-equity materially increases interest burden and refinancing exposure. Over a multi-month horizon high leverage constrains strategic flexibility, raises covenant and liquidity risk, and can force asset disposals or dilutive capital raises if operating cash flow remains weak.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable rental model; social infrastructure focus
SBB's core business is recurring rental income from long-term leases in social infrastructure and residential assets. Public-sector and community-service tenants tend to offer lower default and vacancy risk, supporting steadier rental cash flows and predictable income over multi-month periods.
Read all positive factors
Samhallsbyggnadsbolaget I Norden AB Class B (SBB.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr5.54B
Dividend YieldN/A
Average Volume (3M)10.07M
Price to Earnings (P/E)―
Beta (1Y)0.83
Revenue Growth-22.67%
EPS Growth97.81%
CountrySE
Employees223
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-2.32
Shares Outstanding1,409,200,100
10 Day Avg. Volume10,259,007
30 Day Avg. Volume10,068,234
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.92
Price to Sales (P/S)5.34
P/FCF Ratio-15.74
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)0.4
Revenue Forecast (FY)kr1.92B
Samhallsbyggnadsbolaget I Norden AB Class B Business Overview & Revenue Model
Company Description
Samhällsbyggnadsbolaget i Norden AB (publ) owns, develops, and manages residential and community properties in the Nordic region. It operates through three segments: Residential Properties, Community Service Properties, and Other Properties. The R...
How the Company Makes Money
SBB primarily makes money through rental income generated from leasing its property portfolio to tenants. Revenue is typically driven by (1) recurring lease payments under rental contracts (often associated with longer-term leases in social infras...
Samhallsbyggnadsbolaget I Norden AB Class B Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
28
Negative
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.66B | 2.00B | 3.71B | 4.58B | 7.45B | 5.93B |
| Gross Profit | 1.84B | 1.29B | 2.57B | 3.21B | 4.86B | 4.06B |
| EBITDA | 2.54B | 4.01B | -5.77B | -19.31B | -14.23B | 28.01B |
| Net Income | -4.16B | -2.33B | -6.03B | -22.05B | -11.10B | 24.58B |
Balance Sheet | ||||||
| Total Assets | 67.78B | 69.41B | 86.86B | 108.11B | 168.37B | 194.52B |
| Cash, Cash Equivalents and Short-Term Investments | 2.25B | 4.98B | 2.88B | 4.23B | 3.71B | 9.89B |
| Total Debt | 46.69B | 48.77B | 56.30B | 62.49B | 87.91B | 88.63B |
| Total Liabilities | 50.23B | 52.19B | 60.28B | 70.98B | 105.04B | 111.55B |
| Stockholders Equity | 11.95B | 11.56B | 20.81B | 34.68B | 60.64B | 78.90B |
Cash Flow | ||||||
| Free Cash Flow | -1.05B | -677.00M | -270.00M | 1.27B | 1.39B | 4.59B |
| Operating Cash Flow | -1.05B | -674.00M | -226.00M | 1.35B | 2.12B | 4.62B |
| Investing Cash Flow | 11.08B | 11.69B | 8.35B | 10.13B | -1.09B | -47.96B |
| Financing Cash Flow | -9.05B | -8.71B | -9.49B | -12.05B | -6.44B | 39.55B |
Samhallsbyggnadsbolaget I Norden AB Class B Technical Analysis
Negative
4.72
Price Trends
4.02
Negative
4.27
Negative
4.68
Negative
Market Momentum
-0.09
Negative
44.23
Neutral
27.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SBB.B, the sentiment is Negative. The current price of 4.72 is above the 20-day moving average (MA) of 3.70, above the 50-day MA of 4.02, and above the 200-day MA of 4.68, indicating a bearish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 44.23 is Neutral, neither overbought nor oversold. The STOCH value of 27.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SBB.B.
Samhallsbyggnadsbolaget I Norden AB Class B Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | kr8.47B | 7.48 | 5.43% | 2.91% | 1.52% | 153.52% | |
64 Neutral | kr3.95B | 5.26 | 6.08% | 1.80% | 4.16% | 188.26% | |
61 Neutral | kr3.00B | 6.43 | 1.13% | ― | 92.77% | 115.97% | |
53 Neutral | kr6.68B | -17.48 | ― | 8.13% | -7.75% | -198.50% | |
48 Neutral | kr6.68B | -17.48 | -8.81% | 2.28% | -7.75% | -198.50% | |
43 Neutral | kr5.54B | -8.56 | -11.80% | ― | -22.67% | 97.81% |
* Real Estate Sector Average
SE:SBB.B
Samhallsbyggnadsbolaget I Norden AB Class B
3.20
-2.20
-40.72%
SE:PLAZ.B
Platzer Fastigheter Holding AB
70.70
-4.50
-5.99%
SE:BRIN.B
Brinova Fastigheter AB Class B
13.05
-3.85
-22.78%
SE:SFAST
Stenhus Fastigheter i Norden AB
11.80
1.59
15.52%
SE:CORE.A
Corem Property Group AB Class A
4.10
-1.28
-23.72%
SE:CORE.D
Corem Property Group AB Class D
242.50
34.46
16.57%
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.