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Wihlborgs Fastigheter AB
(WIHL)
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Rating:67Neutral
Price Target:
kr81.00
â–¼(-10.55% Downside)
Action:Reiterated
Date:04/22/26
The score is driven primarily by strong recent profitability and revenue performance, tempered by balance-sheet leverage and a TTM step-down in free cash flow/cash conversion. Technicals add caution given the price trading below key moving averages, while valuation is supportive with a moderate P/E and a solid dividend yield.
Positive Factors
High margins & profitability
Very high TTM gross (~71%) and net (~51%) margins reflect durable pricing power and low operating leverage typical of rental income. This margin profile supports sustained cash generation, funding for development and dividend capacity, and resilience across cycles.
Negative Factors
Elevated leverage
Debt-to-equity near 1.37, materially higher than prior years, raises sensitivity to interest rates and refinancing risk for a capital-intensive property owner. Greater leverage amplifies NAV volatility and can constrain capital allocation when credit conditions tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
High margins & profitability
Very high TTM gross (~71%) and net (~51%) margins reflect durable pricing power and low operating leverage typical of rental income. This margin profile supports sustained cash generation, funding for development and dividend capacity, and resilience across cycles.
Read all positive factors
Wihlborgs Fastigheter AB (WIHL) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr23.87B
Dividend Yield3.6%
Average Volume (3M)331.96K
Price to Earnings (P/E)10.1
Beta (1Y)0.42
Revenue Growth6.56%
EPS Growth30.63%
CountrySE
Employees225
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)7.59
Shares Outstanding307,426,900
10 Day Avg. Volume385,785
30 Day Avg. Volume331,959
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)1.15
Price to Sales (P/S)6.44
P/FCF Ratio12.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr95.50Price Target Upside5.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)6.69
Revenue Forecast (FY)kr4.71B
Wihlborgs Fastigheter AB Business Overview & Revenue Model
Company Description
Wihlborgs Fastigheter AB (publ) is a real estate firm specializing in the ownership, development, leasing, and management of commercial properties throughout Sweden's Ă–resund region. The company's diverse holdings include office and retail premise...
How the Company Makes Money
Wihlborgs primarily makes money by renting out commercial space in its owned properties and providing related property services to tenants. Its core revenue stream is rental income generated through lease contracts (typically for offices and logis...
Wihlborgs Fastigheter AB Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.46B | 4.35B | 4.17B | 3.90B | 3.33B | 3.06B |
| Gross Profit | 3.18B | 3.11B | 3.00B | 2.78B | 2.33B | 2.20B |
| EBITDA | 4.01B | 3.99B | 3.39B | 973.00M | 3.31B | 4.49B |
| Net Income | 2.34B | 2.22B | 1.71B | -27.00M | 2.29B | 3.35B |
Balance Sheet | ||||||
| Total Assets | 67.59B | 65.90B | 60.75B | 57.37B | 56.81B | 51.15B |
| Cash, Cash Equivalents and Short-Term Investments | 290.00M | 263.00M | 412.00M | 346.00M | 159.00M | 315.00M |
| Total Debt | 34.39B | 33.41B | 30.23B | 28.08B | 26.95B | 23.43B |
| Total Liabilities | 42.70B | 41.59B | 37.59B | 34.98B | 33.43B | 29.20B |
| Stockholders Equity | 24.88B | 24.31B | 23.16B | 22.39B | 23.38B | 21.95B |
Cash Flow | ||||||
| Free Cash Flow | 1.22B | 2.18B | 1.61B | 1.93B | 1.94B | 1.68B |
| Operating Cash Flow | 1.90B | 2.18B | 1.62B | 1.93B | 1.94B | 1.69B |
| Investing Cash Flow | -5.66B | -5.20B | -2.32B | -2.00B | -3.86B | -1.68B |
| Financing Cash Flow | 3.92B | 2.87B | 766.00M | 253.00M | 1.76B | 100.00M |
Wihlborgs Fastigheter AB Technical Analysis
Negative
90.55
Price Trends
81.13
Negative
83.54
Negative
86.03
Negative
Market Momentum
-1.62
Negative
45.19
Neutral
54.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:WIHL, the sentiment is Negative. The current price of 90.55 is above the 20-day moving average (MA) of 77.82, above the 50-day MA of 81.13, and above the 200-day MA of 86.03, indicating a bearish trend. The MACD of -1.62 indicates Negative momentum. The RSI at 45.19 is Neutral, neither overbought nor oversold. The STOCH value of 54.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:WIHL.
Wihlborgs Fastigheter AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | kr17.26B | 13.10 | 12.28% | 1.75% | 13.60% | 43.76% | |
67 Neutral | kr23.87B | 10.06 | 9.74% | 3.60% | 6.56% | 30.63% | |
65 Neutral | kr8.96B | 10.70 | 5.43% | 2.91% | 1.52% | 153.52% | |
62 Neutral | kr26.52B | 10.50 | 6.07% | 1.25% | 3.00% | 145.54% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | kr24.22B | -330.00 | -0.92% | 2.39% | 12.22% | -121.80% |
* General Sector Average
SE:WIHL
Wihlborgs Fastigheter AB
77.65
-18.76
-19.46%
SE:FABG
Fabege AB
77.00
-1.52
-1.93%
SE:WALL.B
Wallenstam AB
40.18
-5.31
-11.67%
SE:NP3
NP3 Fastigheter AB
280.00
25.35
9.95%
SE:PLAZ.B
Platzer Fastigheter Holding AB
74.80
3.09
4.31%
Wihlborgs Fastigheter AB Corporate Events
Wihlborgs Expands MTN Program to Boost Financing Capacity
Jun 3, 2026
Wihlborgs Fastigheter has increased the framework amount of its medium-term note program from SEK 6 billion to SEK 9 billion, publishing a supplementary base prospectus that has been approved by the Swedish Financial Supervisory Authority. The boa...
Wihlborgs Reshapes Helsingborg Leadership to Boost Market Development
Jun 1, 2026
Wihlborgs Fastigheter has announced a leadership change in its Helsingborg operations, with Regional Director Magnus Lambertsson leaving the group management team after six years to become a Business Developer focused on market development and lea...
Wihlborgs AGM Backs Dividend, Share Buyback Mandate and Board Changes
Apr 22, 2026
Shareholders in Wihlborgs Fastigheter approved a dividend of SEK 3.30 per share for the 2025 financial year at the company’s 22 April 2026 annual general meeting, with the payout scheduled via Euroclear Sweden later in April. The meeting als...
Wihlborgs Delivers Double-Digit Earnings Growth on Expanding Ă–resund Property Portfolio
Apr 21, 2026
Wihlborgs Fastigheter reported continued growth for the first quarter of 2026, with rental income rising 10 percent to SEK 1,150 million and operating surplus up 9 percent to SEK 800 million. Income from property management increased 12 percent to...
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.