Studentbostader i Norden AB (STUDBO) AI Stock Analysis

• Market Cap: kr1.17B
• Dividend Yield: N/A
• Average Volume (3M): 242.57K
• Price to Earnings (P/E): 5.0
• Beta (1Y): 0.18
• Revenue Growth: 9.11%
• EPS Growth: N/A
• Country: SE
• Employees: 47
• Sector: Real Estate
• Sector Strength: 53
• Industry: Residential Construction
• EPS (TTM): <0.01
• Shares Outstanding: 693,802,730
• 10 Day Avg. Volume: 116,941
• 30 Day Avg. Volume: 242,571
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: kr1.50 ▼(-13.79% Downside)

The score is driven primarily by financial risk factors—high leverage and uneven cash generation—despite improving revenue and profitability. Technical indicators add mild near-term weakness, while a low P/E provides some valuation support.

Positive Factors

Revenue and profit rebound

STUDBO has shown durable top-line expansion and a multi-year return to profitability through 2024–2025, signalling improved operating performance. Sustained revenue growth and recovering margins increase the company's ability to cover fixed property costs and support reinvestment and debt servicing over the medium term.

Asset-heavy equity base

An asset-heavy portfolio provides tangible collateral and operational scale in student housing, supporting long-term rental cash flows. Ownership of real estate allows management to redevelop or reprice units to match demand, underpinning durable net operating income and financing flexibility when executed prudently.

Recurring, defensive rental income

A rental model tied to student housing produces predictable, recurring cash inflows with steady occupancy driven by academic cycles. This demand-backed revenue is less exposed to discretionary cycles than other residential segments and supports stable long-term cash generation if occupancy and unit upkeep are maintained.

Negative Factors

Elevated leverage

High debt relative to equity increases refinancing and interest-rate risk for a property owner. In a sector where valuations and rental markets can shift, leverage magnifies downside, constrains capital allocation, and raises the chance management must prioritize debt service over growth or maintenance spending during adverse conditions.

Inconsistent cash generation

Irregular conversion of earnings into cash undermines liquidity predictability for a leveraged real estate firm. Periodic negative operating or free cash flow can force reliance on external financing or asset sales to meet obligations, reducing resilience to shocks and complicating long-term capital planning and investment in the portfolio.

Earnings volatility

Large swings from loss to profit indicate unstable margin drivers or exposure to episodic items, making future cash flows harder to forecast. For lenders and long-term investors, such volatility increases perceived risk, may tighten covenant terms, and complicates capital expenditure and growth decisions tied to reliable earnings.

Studentbostader i Norden AB Business Overview & Revenue Model

Company Description

Studentbostäder i Norden AB (publ) owns, develops, and manages student housing properties in long term partnerships with municipalities, regions, and universities. It offers student housing in various university cities across the Nordic region. The company was incorporated in 2006 and is based in Uppsala, Sweden.

How the Company Makes Money

STUDBO generates revenue primarily through the leasing of student housing units. The company leases its properties to students, charging monthly rent which constitutes its main revenue stream. Additionally, STUDBO may earn income from property management services, where they manage other student housing properties on behalf of investors or institutions. The company may also engage in partnerships with universities and educational institutions, creating tailored housing solutions, which can lead to additional revenue opportunities. Furthermore, government grants or subsidies aimed at improving student housing may also contribute to STUDBO's earnings, enhancing their financial stability and capacity for expansion.

Studentbostader i Norden AB Financial Statement Overview

Summary

Strong revenue growth and a sharp rebound to profitability in 2024 with further improvement in 2025 are positives, but they are offset by elevated leverage (debt >2.6x equity) and inconsistent operating/free cash flow that has not reliably tracked earnings.

Income Statement

Revenue has grown strongly over the period, with continued growth in 2024 and a step-up in 2025. Profitability is mixed: 2023 was a sharp loss year, followed by a major rebound in 2024 (back to positive earnings) and further improvement in 2025. The key weakness is earnings volatility (large swing from loss to profit), which reduces confidence in the consistency of reported profitability.

Balance Sheet

The balance sheet is asset-heavy with meaningful equity, but leverage is elevated: debt is more than 2.6x equity in 2023–2024 and total debt continues to rise into 2025. While equity has also increased, the capital structure remains debt-dependent, leaving the company more exposed to refinancing risk and property/valuation swings typical for the sector.

Cash Flow

Cash generation is inconsistent. Operating and free cash flow were negative in 2021 and 2023, then turned positive in 2022, 2024, and improved again in 2025. A key concern is that cash flow has at times been weak relative to earnings (notably in 2024), suggesting profitability has not consistently translated into cash, which can pressure funding needs in a leveraged structure.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	484.99M	456.43M	389.60M	294.10M	234.33M
Gross Profit	304.32M	288.20M	250.40M	169.59M	131.41M
EBITDA	499.76M	313.76M	-307.72M	208.24M	277.54M
Net Income	214.40M	20.07M	-351.24M	75.74M	114.22M
Balance Sheet
Total Assets	8.32B	8.15B	7.95B	7.82B	5.93B
Cash, Cash Equivalents and Short-Term Investments	127.33M	26.36M	56.04M	166.41M	204.88M
Total Debt	5.63B	5.56B	5.50B	4.94B	3.60B
Total Liabilities	5.90B	6.05B	5.87B	5.70B	4.12B
Stockholders Equity	2.42B	2.10B	2.08B	2.11B	1.82B
Cash Flow
Free Cash Flow	75.81M	32.74M	-99.11M	137.03M	-25.18M
Operating Cash Flow	75.81M	32.74M	-98.88M	137.25M	-24.34M
Investing Cash Flow	-2.59M	-179.46M	-844.09M	-1.09B	-1.71B
Financing Cash Flow	27.36M	117.09M	831.78M	905.98M	1.64B

Studentbostader i Norden AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.74
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:STUDBO, the sentiment is Negative. The current price of 1.74 is above the 20-day moving average (MA) of 1.70, above the 50-day MA of 1.72, and above the 200-day MA of 1.63, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.67 is Neutral, neither overbought nor oversold. The STOCH value of 30.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:STUDBO.

Studentbostader i Norden AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LOGI.A	72 Outperform	kr368.64M	8.97	11.37%	0.72%	87.63%	436.07%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
GPG	65 Neutral	kr1.82B	7.22	―	1.67%	0.71%	―
ACRI.A	63 Neutral	kr468.94M	14.33	5.63%	13.73%	-0.10%	426.11%
STUDBO	55 Neutral	kr1.17B	4.95	―	―	9.11%	―