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:65Neutral
Price Target:
kr19.50
▼(-0.91% Downside)
Action:Reiterated
Date:05/14/26
The score is primarily supported by strong recent profitability and an attractive low P/E, but constrained by the sharp TTM revenue decline, meaningful leverage with weak operating cash flow coverage versus debt, and a mixed-to-neutral technical picture (negative MACD and price below longer-term moving averages).
Positive Factors
High Profitability
Trianon’s recent very high operating profitability and ~39% net margin indicate efficient property operations and effective cost control. Durable margin strength from recurring rental and service income supports reinvestment in assets and underpins long-term earnings resilience.
Negative Factors
Meaningful Leverage
Elevated leverage with debt materially above equity and very low operating cash flow coverage versus debt constrains financial flexibility. Over time this increases refinancing and interest-rate vulnerability, limiting capacity to invest or absorb shocks without external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
Trianon’s recent very high operating profitability and ~39% net margin indicate efficient property operations and effective cost control. Durable margin strength from recurring rental and service income supports reinvestment in assets and underpins long-term earnings resilience.
Read all positive factors
Fastighets AB Trianon Class B (TRIAN.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr3.49B
Dividend YieldN/A
Average Volume (3M)110.01K
Price to Earnings (P/E)11.0
Beta (1Y)0.54
Revenue Growth-1.77%
EPS Growth27.18%
CountrySE
Employees83
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)1.64
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
Trianon primarily makes money by generating rental income from its property portfolio. Revenue is earned through leases to residential tenants (apartments) and commercial tenants (e.g., retail/office/other business premises), typically structured ...
Fastighets AB Trianon Class B 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 | 787.30M | 792.60M | 772.50M | 754.10M | 778.90M | 618.10M |
| Gross Profit | 526.40M | 529.80M | 519.60M | 482.50M | 423.30M | 390.50M |
| EBITDA | 617.70M | 635.60M | 461.60M | 69.60M | 161.40M | 1.67B |
| Net Income | 303.30M | 308.60M | 224.80M | -206.10M | 131.60M | 1.30B |
Balance Sheet | ||||||
| Total Assets | 14.22B | 13.70B | 14.32B | 13.63B | 13.80B | 13.58B |
| Cash, Cash Equivalents and Short-Term Investments | 106.50M | 138.40M | 124.50M | 109.80M | 90.00M | 87.40M |
| Total Debt | 7.54B | 7.27B | 7.53B | 7.43B | 7.29B | 7.03B |
| Total Liabilities | 8.83B | 8.39B | 8.90B | 8.61B | 8.42B | 8.34B |
| Stockholders Equity | 5.39B | 5.31B | 5.42B | 5.02B | 5.37B | 5.22B |
Cash Flow | ||||||
| Free Cash Flow | 214.00M | 208.90M | 128.40M | 128.80M | 440.70M | 549.30M |
| Operating Cash Flow | 217.80M | 212.30M | 130.40M | 128.90M | 441.20M | 261.70M |
| Investing Cash Flow | -688.50M | -235.40M | -62.60M | -341.30M | -615.60M | -956.40M |
| Financing Cash Flow | 419.60M | 36.90M | -53.10M | 232.30M | 177.00M | 501.90M |
Fastighets AB Trianon Class B Technical Analysis
Positive
19.68
Price Trends
18.04
Positive
18.78
Negative
19.13
Negative
Market Momentum
<0.01
Negative
56.14
Neutral
75.58
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 17.71, above the 50-day MA of 18.04, and above the 200-day MA of 19.13, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.14 is Neutral, neither overbought nor oversold. The STOCH value of 75.58 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | kr3.49B | 10.97 | 7.48% | ― | -1.77% | 27.18% | |
64 Neutral | kr14.89B | 11.98 | 3.19% | 1.93% | -3.23% | 309.78% | |
61 Neutral | kr3.06B | 6.43 | 1.13% | ― | 92.77% | 115.97% | |
61 Neutral | kr324.66M | 137.15 | ― | 13.40% | -37.88% | -19.60% | |
61 Neutral | kr1.62B | 5.43 | ― | 1.67% | 2.99% | 84.31% | |
45 Neutral | kr2.37B | 5.50 | 0.75% | ― | 75.16% | -0.36% |
* Real Estate Sector Average
SE:TRIAN.B
Fastighets AB Trianon Class B
18.30
-0.44
-2.35%
SE:BRIN.B
Brinova Fastigheter AB Class B
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-19.94%
SE:ACRI.B
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SE:KFAST.B
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SE:NYF
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SE:GPG
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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.