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:44Neutral
Price Target:
kr3.50
▼(-25.85% Downside)
Action:ReiteratedDate:02/28/26
The score is held down primarily by weak financial performance (multi-year revenue decline, sustained losses, rising leverage, and recent negative operating/free cash flow). Technicals also weigh on the rating given the clear downtrend and weak momentum. Valuation contributes only modestly because a negative P/E reflects losses and no dividend support is available.
Positive Factors
Stable public-sector rental base
SBB’s focus on social infrastructure and public‑sector properties supports more stable, defensive rental cash flows and typically lower tenant turnover. Long-term municipal leases and indexed rent mechanisms provide durable income visibility and lower default risk versus purely commercial portfolios.
Negative Factors
Elevated leverage and equity erosion
Debt-to-equity approaching 4.2x and material equity erosion markedly reduce financial flexibility. High leverage amplifies refinancing and interest‑rate risk, increases covenant pressure, and makes the company highly sensitive to cash‑flow swings, constraining strategic options over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable public-sector rental base
SBB’s focus on social infrastructure and public‑sector properties supports more stable, defensive rental cash flows and typically lower tenant turnover. Long-term municipal leases and indexed rent mechanisms provide durable income visibility and lower default risk versus purely commercial portfolios.
Read all positive factors
Samhallsbyggnadsbolaget I Norden AB Class B (SBB.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr6.33B
Dividend YieldN/A
Average Volume (3M)10.07M
Price to Earnings (P/E)―
Beta (1Y)0.79
Revenue Growth-11.38%
EPS GrowthN/A
CountrySE
Employees223
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-2.40
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)0.6
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 makes money primarily through real estate operations and transactions. The core revenue stream is rental income generated from leasing its properties, with a significant portion historically tied to long lease terms and tenants connected to pu...
Samhallsbyggnadsbolaget I Norden AB Class B Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
28
Negative
Cash Flow
31
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.00B | 3.71B | 4.58B | 7.45B | 5.93B |
| Gross Profit | 1.29B | 2.57B | 3.21B | 4.86B | 4.06B |
| EBITDA | 4.01B | -5.77B | -19.31B | -14.23B | 28.01B |
| Net Income | -2.33B | -6.03B | -22.05B | -11.10B | 24.58B |
Balance Sheet | |||||
| Total Assets | 69.41B | 86.86B | 108.11B | 168.37B | 194.52B |
| Cash, Cash Equivalents and Short-Term Investments | 4.98B | 2.88B | 4.23B | 3.71B | 9.89B |
| Total Debt | 48.77B | 56.30B | 62.49B | 87.91B | 88.63B |
| Total Liabilities | 52.19B | 60.28B | 70.98B | 105.04B | 111.55B |
| Stockholders Equity | 11.56B | 20.81B | 34.68B | 60.64B | 78.90B |
Cash Flow | |||||
| Free Cash Flow | -677.00M | -270.00M | 1.27B | 1.39B | 4.59B |
| Operating Cash Flow | -674.00M | -226.00M | 1.35B | 2.12B | 4.62B |
| Investing Cash Flow | 11.69B | 8.35B | 10.13B | -1.09B | -47.96B |
| Financing Cash Flow | -8.71B | -9.49B | -12.05B | -6.44B | 39.55B |
Samhallsbyggnadsbolaget I Norden AB Class B Technical Analysis
Negative
4.72
Price Trends
4.09
Negative
4.29
Negative
4.71
Negative
Market Momentum
-0.11
Negative
39.43
Neutral
48.37
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 3.75, above the 50-day MA of 4.09, and above the 200-day MA of 4.71, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 39.43 is Neutral, neither overbought nor oversold. The STOCH value of 48.37 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | kr4.16B | 11.02 | 6.08% | 1.80% | -2.06% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | kr8.38B | 12.73 | 5.43% | 2.91% | 8.42% | ― | |
51 Neutral | kr3.09B | -38.63 | 1.13% | ― | 51.80% | ― | |
49 Neutral | kr6.45B | -1.69 | ― | 8.13% | -6.30% | 52.27% | |
45 Neutral | kr6.45B | -1.69 | -8.81% | 2.28% | -6.30% | 52.27% | |
44 Neutral | kr6.33B | -4.58 | -11.80% | ― | -11.38% | ― |
* Real Estate Sector Average
SE:SBB.B
Samhallsbyggnadsbolaget I Norden AB Class B
3.66
-0.07
-1.80%
SE:PLAZ.B
Platzer Fastigheter Holding AB
71.30
-1.28
-1.77%
SE:BRIN.B
Brinova Fastigheter AB Class B
13.50
-3.60
-21.05%
SE:SFAST
Stenhus Fastigheter i Norden AB
12.00
2.08
20.97%
SE:CORE.A
Corem Property Group AB Class A
4.15
-0.74
-15.06%
SE:CORE.D
Corem Property Group AB Class D
240.00
56.82
31.02%
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.