Fastighets AB Trianon Class B (SE:TRIAN.B)
:TRIAN.B
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Fastighets AB Trianon Class B
(TRIAN.B)
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Rating:55Neutral
Price Target:
kr17.50
▼(-11.08% Downside)
Action:ReiteratedDate:02/19/26
The score is driven primarily by mixed financials—profitability and free cash flow have improved, but the sharp revenue decline and consistently high leverage raise risk. Technical indicators are weak (below key moving averages and negative MACD), partially offset by a moderate valuation (P/E ~11.7).
Positive Factors
Recurring rental income business model
A core business of owning and renting residential and commercial properties produces recurring, contractually-backed rental cash flows. This model supports predictable baseline revenue, enables steady maintenance investment, and provides durable earnings visibility versus transactional businesses over months.
Negative Factors
Material recent revenue decline
A ~34% TTM revenue drop signals weaker top-line stability and reduces confidence in scalable, repeatable earnings. Over a multi-month horizon this narrows the margin for error on operating costs and refinancing plans, and makes performance more sensitive to market and leasing dynamics.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income business model
A core business of owning and renting residential and commercial properties produces recurring, contractually-backed rental cash flows. This model supports predictable baseline revenue, enables steady maintenance investment, and provides durable earnings visibility versus transactional businesses over months.
Read all positive factors
Fastighets AB Trianon Class B (TRIAN.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr3.32B
Dividend YieldN/A
Average Volume (3M)110.01K
Price to Earnings (P/E)12.2
Beta (1Y)0.54
Revenue Growth1.21%
EPS Growth42.73%
CountrySE
Employees83
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)0.18
Shares Outstanding184,374,660
10 Day Avg. Volume125,845
30 Day Avg. Volume110,010
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)0.71
Price to Sales (P/S)4.74
P/FCF Ratio17.98
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)1.39
Revenue Forecast (FY)kr846.39M
Fastighets AB Trianon Class B Business Overview & Revenue Model
Company Description
Fastighets AB Trianon (publ), a real estate company, acquires, develops, builds, owns, and manages residential and commercial properties in Sweden. The company's property portfolio consists of 88 properties located in Malmö, Limhamn, Slottsstaden,...
How the Company Makes Money
The company primarily makes money by owning properties and renting them out. Its main revenue stream is rental income from residential apartments, complemented by rental income from commercial tenants (e.g., premises leased to businesses). Earning...
Fastighets AB Trianon Class B Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
54
Neutral
Cash Flow
60
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 792.60M | 772.50M | 754.10M | 778.90M | 618.10M |
| Gross Profit | 529.80M | 519.60M | 482.50M | 423.30M | 390.50M |
| EBITDA | 635.60M | 461.60M | 69.60M | 161.40M | 1.67B |
| Net Income | 308.60M | 224.80M | -206.10M | 131.60M | 1.30B |
Balance Sheet | |||||
| Total Assets | 13.70B | 14.32B | 13.63B | 13.80B | 13.58B |
| Cash, Cash Equivalents and Short-Term Investments | 138.40M | 124.50M | 109.80M | 90.00M | 87.40M |
| Total Debt | 7.27B | 7.53B | 7.43B | 7.29B | 7.03B |
| Total Liabilities | 8.39B | 8.90B | 8.61B | 8.42B | 8.34B |
| Stockholders Equity | 5.31B | 5.42B | 5.02B | 5.37B | 5.22B |
Cash Flow | |||||
| Free Cash Flow | 208.90M | 128.40M | 128.80M | 440.70M | 549.30M |
| Operating Cash Flow | 212.30M | 130.40M | 128.90M | 441.20M | 261.70M |
| Investing Cash Flow | -235.40M | -62.60M | -341.30M | -615.60M | -956.40M |
| Financing Cash Flow | 36.90M | -53.10M | 232.30M | 177.00M | 501.90M |
Fastighets AB Trianon Class B Technical Analysis
Positive
19.68
Price Trends
18.69
Positive
19.23
Negative
19.27
Negative
Market Momentum
-0.06
Negative
60.20
Neutral
78.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:TRIAN.B, the sentiment is Positive. The current price of 19.68 is above the 20-day moving average (MA) of 17.99, above the 50-day MA of 18.69, and above the 200-day MA of 19.27, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 60.20 is Neutral, neither overbought nor oversold. The STOCH value of 78.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:TRIAN.B.
Fastighets AB Trianon Class B Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | kr607.42M | 6.73 | ― | 13.40% | -19.76% | 88.08% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | kr3.02B | 6.43 | 1.13% | ― | 92.77% | 115.97% | |
56 Neutral | kr1.69B | 7.85 | ― | 1.67% | 1.40% | 84.53% | |
55 Neutral | kr3.32B | 12.17 | 7.48% | ― | 1.21% | 42.73% | |
47 Neutral | kr13.94B | 19.14 | 3.19% | 1.93% | -2.28% | 685.24% | |
45 Neutral | kr2.32B | -41.70 | 0.75% | ― | 75.16% | -0.36% |
* Real Estate Sector Average
SE:TRIAN.B
Fastighets AB Trianon Class B
17.45
-1.87
-9.68%
SE:BRIN.B
Brinova Fastigheter AB Class B
13.10
-4.05
-23.62%
SE:ACRI.B
Acrinova AB Class B
13.90
3.87
38.58%
SE:KFAST.B
K-Fast Holding AB Class B
10.38
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SE:NYF
Nyfosa AB
67.00
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SE:GPG
Genova Property Group AB
37.00
-7.27
-16.42%
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.