Wihlborgs Fastigheter AB (WIHL) AI Stock Analysis

• Market Cap: kr28.31B
• Dividend Yield: 3.6%
• Average Volume (3M): 331.96K
• Price to Earnings (P/E): 12.7
• Beta (1Y): 0.19
• Revenue Growth: 5.18%
• EPS Growth: 349.60%
• Country: SE
• Employees: 225
• Sector: General
• Sector Strength: N/A
• Industry: Real Estate - Services
• EPS (TTM): 1.58
• Shares Outstanding: 307,426,900
• 10 Day Avg. Volume: 385,785
• 30 Day Avg. Volume: 331,959
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.39
• Price to Sales (P/S): 7.72
• P/FCF Ratio: 19.96
• 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: kr102.00
• Price Target Upside: 12.64% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: kr104.00 ▲(14.85% Upside)

The score is driven primarily by solid fundamentals with strong reported profitability and an earnings rebound, partially offset by weakening free cash flow and rising leverage. Technicals add support due to a positive trend and MACD, though near-term momentum looks stretched (high stochastic). Valuation is supportive with a low P/E and a moderate dividend yield.

Wihlborgs Fastigheter AB Business Overview & Revenue Model

Company Description

Wihlborgs Fastigheter AB (publ), a property company, owns, develops, rents, and manages commercial properties in the Öresund region, Sweden. The company's property portfolio includes office/retail, logistics/production, and projects and land in Malmö, Helsingborg, Lund, and Copenhagen. As of December 31, 2021, its property portfolio consisted of 299 properties with a total lettable area of approximately 2,143,000 square meters. The company was founded in 1924 and is headquartered in Malmö, Sweden.

How the Company Makes Money

Wihlborgs Fastigheter AB generates revenue primarily through rental income from its portfolio of commercial properties. The company leases office spaces, retail units, and logistics facilities to a range of tenants, which provides a steady stream of income. Additionally, WIHL engages in property development projects, which can enhance its portfolio and increase future rental yields. The company may also benefit from capital gains when properties are sold at a profit. Strategic partnerships with local governments and other organizations for urban development projects can further contribute to its earnings, as these relationships may lead to new investment opportunities and enhanced property values.

Wihlborgs Fastigheter AB Financial Statement Overview

Summary

Income statement is strong (Income Statement Score 82) with sharp TTM revenue growth and very high margins, but earnings appear volatile across years. Balance sheet is moderate (Balance Sheet Score 63) with leverage rising (debt-to-equity ~1.42). Cash flow is the main drag (Cash Flow Score 55) as free cash flow declined ~25% and cash conversion vs. net income is only moderate.

Income Statement

TTM (Trailing-Twelve-Months) revenue is up strongly (about +151%), and profitability is very high with net margin above 50% and gross margin around 72%. Net income improved versus 2024 and is a sharp rebound from the small loss in 2023. The main caution is volatility across years (e.g., 2021–2022 unusually high margins and 2023 turning negative), which is common in real estate due to valuation and non-cash items—so earnings quality and repeatability look less stable than the headline margins suggest.

Balance Sheet

The balance sheet is asset-heavy and moderately leveraged for the sector: debt-to-equity is ~1.42 in TTM (Trailing-Twelve-Months), up from ~1.31 in 2024 and ~1.25 in 2023, showing rising leverage. Equity is sizable (about 23.5B vs. 64.9B assets), and return on equity improved to ~9.6% in TTM (Trailing-Twelve-Months) from ~7.4% in 2024. Key risk is the continued build in total debt and sensitivity to refinancing/interest rates typical for property companies.

Cash Flow

Cash generation is positive but weakened: TTM (Trailing-Twelve-Months) operating cash flow is ~2.15B and free cash flow ~1.46B, with free cash flow down ~25% versus the prior period. Cash conversion versus earnings is only moderate (free cash flow is ~68% of net income in TTM (Trailing-Twelve-Months)), suggesting reported profits are not fully translating into cash. While prior years showed stronger cash conversion, the recent step-down raises caution on near-term cash capacity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.31B	4.17B	3.90B	3.33B	3.06B	3.07B
Gross Profit	3.09B	3.00B	2.78B	2.33B	2.20B	2.22B
EBITDA	3.75B	3.39B	953.00M	3.31B	4.49B	2.91B
Net Income	2.23B	1.71B	-27.00M	2.29B	3.35B	2.22B
Balance Sheet
Total Assets	64.91B	60.75B	57.37B	56.81B	51.15B	46.96B
Cash, Cash Equivalents and Short-Term Investments	260.00M	412.00M	346.00M	159.00M	315.00M	205.00M
Total Debt	33.34B	30.23B	28.08B	26.95B	23.43B	22.36B
Total Liabilities	41.41B	37.59B	34.98B	33.43B	29.20B	27.57B
Stockholders Equity	23.50B	23.16B	22.39B	23.38B	21.95B	19.40B
Cash Flow
Free Cash Flow	1.46B	1.61B	1.93B	1.94B	1.68B	1.82B
Operating Cash Flow	2.15B	1.62B	1.93B	1.94B	1.69B	1.83B
Investing Cash Flow	-4.96B	-2.32B	-2.00B	-3.86B	-1.68B	-86.00M
Financing Cash Flow	2.80B	766.00M	253.00M	1.76B	100.00M	-1.82B

Wihlborgs Fastigheter AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 90.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:WIHL, the sentiment is Positive. The current price of 90.55 is below the 20-day moving average (MA) of 91.59, below the 50-day MA of 90.98, and below the 200-day MA of 94.58, indicating a neutral trend. The MACD of 0.11 indicates Negative momentum. The RSI at 54.08 is Neutral, neither overbought nor oversold. The STOCH value of 77.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:WIHL.

Wihlborgs Fastigheter AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NP3	73 Outperform	kr16.26B	14.95	12.28%	1.75%	14.33%	204.60%
WIHL	71 Outperform	kr28.31B	12.70	9.74%	3.60%	5.18%	349.60%
WALL.B	66 Neutral	kr26.77B	14.08	6.07%	1.25%	-5.96%	―
PLAZ.B	60 Neutral	kr8.91B	12.71	5.26%	2.91%	8.42%	―
NYF	57 Neutral	kr14.72B	25.56	3.19%	1.93%	0.03%	―
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
FABG	54 Neutral	kr25.87B	90.46	0.76%	2.39%	-3.46%	―

Wihlborgs Fastigheter AB Corporate Events

Wihlborgs Fastigheter AB Reports Strong Q3 Growth and ESG Leadership

Wihlborgs Fastigheter AB reported a strong third quarter with a 4% increase in rental income and a 12% rise in income from property management. The company has integrated ESG elements into its operations, achieving recognition as a leader in sustainability benchmarks, and continues to invest in growth markets, positioning itself well for future opportunities.

The most recent analyst rating on (SE:WIHL) stock is a Hold with a SEK105.00 price target. To see the full list of analyst forecasts on Wihlborgs Fastigheter AB stock, see the SE:WIHL Stock Forecast page.