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Stenhus Fastigheter i Norden AB
(SFAST)
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Rating:69Neutral
Price Target:
kr13.50
▲(18.21% Upside)
Action:Reiterated
Date:07/10/26
The score is driven primarily by improved financial performance (strong TTM rebound and positive free cash flow) but held back by elevated leverage and historical volatility. Technicals are modestly supportive with price above key moving averages and neutral momentum. Valuation is a secondary positive due to the low P/E and modest dividend yield.
Positive Factors
Revenue and Margin Rebound
TTM revenue surged (~62%) alongside net margin expansion to ~46%, reflecting stronger net operating income from the property portfolio. Sustained higher margins imply improved rent roll and cost control, which can support durable earnings power if leasing and occupancy trends continue.
Negative Factors
Elevated Leverage
A debt-heavy capital structure (D/E ~1.3–1.4) raises refinancing and interest-rate sensitivity. Elevated leverage limits financial flexibility for capex, acquisitions or dividend support, and increases solvency and liquidity risk if rates rise or rental cash flows deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Rebound
TTM revenue surged (~62%) alongside net margin expansion to ~46%, reflecting stronger net operating income from the property portfolio. Sustained higher margins imply improved rent roll and cost control, which can support durable earnings power if leasing and occupancy trends continue.
Read all positive factors
Stenhus Fastigheter i Norden AB (SFAST) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr4.16B
Dividend Yield1.8%
Average Volume (3M)403.83K
Price to Earnings (P/E)8.6
Beta (1Y)0.44
Revenue Growth5.55%
EPS Growth130.73%
CountrySE
Employees41
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)1.45
Shares Outstanding334,601,780
10 Day Avg. Volume273,396
30 Day Avg. Volume403,828
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.70
Price to Sales (P/S)4.01
P/FCF Ratio9.99
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)1.16
Revenue Forecast (FY)kr1.05B
Stenhus Fastigheter i Norden AB Business Overview & Revenue Model
Company Description
Stenhus Fastigheter i Norden AB (publ) operates as a real estate firm, focusing on the ownership and management of both public and commercial properties. These assets are primarily situated in Sweden's broader Stockholm area. The company, which ha...
How the Company Makes Money
Stenhus Fastigheter i Norden AB primarily makes money by owning commercial real estate and earning rental income from leasing space to tenants. Its key revenue stream is contracted rent (base rent and, where applicable, index-linked rent escalatio...
Stenhus Fastigheter i Norden 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 | 1.05B | 1.04B | 1.01B | 1.02B | 712.40M | 283.64M |
| Gross Profit | 821.66M | 800.53M | 783.48M | 790.15M | 556.53M | 224.78M |
| EBITDA | 1.09B | 935.79M | 718.86M | 28.73M | 462.34M | 1.09B |
| Net Income | 508.25M | 377.08M | 56.45M | -413.15M | 212.49M | 792.05M |
Balance Sheet | ||||||
| Total Assets | 14.81B | 14.93B | 14.08B | 14.67B | 15.36B | 8.07B |
| Cash, Cash Equivalents and Short-Term Investments | 217.95M | 542.80M | 224.94M | 306.19M | 343.56M | 333.87M |
| Total Debt | 8.21B | 8.38B | 7.59B | 8.15B | 8.49B | 3.73B |
| Total Liabilities | 8.97B | 8.96B | 8.16B | 8.77B | 9.19B | 4.15B |
| Stockholders Equity | 5.84B | 5.97B | 5.81B | 5.71B | 6.12B | 3.90B |
Cash Flow | ||||||
| Free Cash Flow | 377.10M | 415.89M | 254.87M | 343.55M | 288.34M | 192.28M |
| Operating Cash Flow | 380.15M | 415.99M | 254.87M | 345.15M | 292.90M | 192.86M |
| Investing Cash Flow | -661.05M | -451.79M | 280.39M | 527.86M | -782.11M | -4.75B |
| Financing Cash Flow | 45.64M | 353.66M | -616.51M | -861.23M | 449.75M | 4.44B |
Stenhus Fastigheter i Norden AB Technical Analysis
Positive
11.42
Price Trends
12.20
Positive
12.04
Positive
11.37
Positive
Market Momentum
0.01
Negative
52.92
Neutral
59.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SFAST, the sentiment is Positive. The current price of 11.42 is below the 20-day moving average (MA) of 12.38, below the 50-day MA of 12.20, and above the 200-day MA of 11.37, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 52.92 is Neutral, neither overbought nor oversold. The STOCH value of 59.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SFAST.
Stenhus Fastigheter i Norden AB Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | kr4.62B | 15.88 | ― | 2.39% | 10.93% | -8.55% | |
69 Neutral | kr4.16B | 8.58 | 6.08% | 1.80% | 5.55% | 130.73% | |
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% | |
61 Neutral | kr1.74B | 6.62 | ― | 1.67% | 2.99% | 84.31% | |
44 Neutral | kr6.23B | -1.73 | -11.80% | ― | -22.67% | 97.81% |
* Real Estate Sector Average
SE:SFAST
Stenhus Fastigheter i Norden AB
12.44
1.36
12.26%
SE:BRIN.B
Brinova Fastigheter AB Class B
13.65
-3.35
-19.71%
SE:FNOVA.B
Fortinova Fastigheter AB
23.90
-2.10
-8.08%
SE:SBB.B
Samhallsbyggnadsbolaget I Norden AB Class B
3.72
-1.71
-31.52%
SE:GPG
Genova Property Group AB
38.10
-1.80
-4.50%
SE:EAST
Eastnine AB
47.25
-0.07
-0.15%
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.