Bonasudden Holding AB (BONAS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bonasudden Holding AB stock SEK 105, price SEK 135, that is 22.3% below the price, quality 30 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range kr 128.00 – kr 241.08 · fair‑value band kr 78.67 – kr 131.11 · the kr 135.00 price screens above the kr 104.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Bonäsudden Holding AB (publ), a real estate company, owns, develops, and manages real estate properties. The company's portfolio consists of rental apartments and premises, as well as offices, shops, storage rooms and parking spaces.
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Bonäsudden Holding AB (publ) was founded in 2014 and is based in Stockholm, Sweden.
Stock analysis
Bonasudden Holding AB (BONAS) currently trades at kr 135.00, while our model-based Fair Value estimate is kr 104.89, 22% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 173.34 per share, and 3 of the 4 models we run sit above the kr 135.00 price.
Bear case: the Asset-Based group reads lowest at kr 144.68, and 1 of the 4 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 78.67 (bear) to kr 131.11 (bull), the price of kr 135.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 30/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Bonasudden Holding AB reported revenue of 51.5M SEK in FY2025 versus 43.7M SEK in FY2021, a compound +4.2%/yr. Reported net income was 28.8M SEK in FY2025, compounding −28.2%/yr from FY2021.
Key figures
Market cap 366M SEK (≈ $37.1M) Micro · P/E ratio 10.3 · P/S ratio 5.18 · EPS (TTM) kr 13.16 · Net margin 37.2% · Return on equity 5.7% · Return on assets (EBIT) 3.3% (5-year average) · Operating margin 55.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −22%, BONAS screens richer than that median.
Fair Value models
Bearkr 78.67Fair Value kr 104.89Bullkr 131.11
Price kr 135.00 · Downside -22.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 11.29 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Incomekr 163.42kr 163.43kr 171.6876
5Y EBITDA Exitn/an/akr 34.7272
10Y EBITDA Exitn/an/akr 0.190065
All 6 models by family
DCF Models
5Y EBITDA Exitn/an/akr 34.7272
10Y EBITDA Exitn/an/akr 0.190065
Multiples
P/S Multiplekr 92.55kr 123.40kr 154.2558
P/B Multiplekr 167.46kr 223.28kr 279.1055
Asset-Based
NCAV (Graham)kr 107.97kr 144.68kr 215.9454
Economic Profit
Residual Incomekr 163.42kr 163.43kr 171.6876
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+4.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.1%
Start year 2020 (pandemic). Over 10 years: +8.4% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−13.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.2%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−13.2% vs 0.7%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.51% → 57%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+52.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +49.4% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate Services · 472 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside−22.3% · Below median
Profitability
Return on equity (12 months)5.7% · Above median
Return on assets1.9% · Below median
Net margin (12 months)37.2% · Above median
Operating margin (12 months)55.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)77.0% · Top 25%
Balance sheet
Debt / equity1.05× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Bonasudden Holding AB Fair Value". https://www.fairvalue-calculator.com/stock/BONAS
Frequently asked questions
Is Bonasudden Holding AB (BONAS) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of kr 104.89 versus a price of kr 135.00, about 22% lower (overvalued).
What is the fair value of BONAS?
Our model-based fair value for Bonasudden Holding AB is kr 104.89 (as of Nov 3, 2026), built from audited fundamentals. The current price: kr 135.00.
What is the quality score of BONAS?
Bonasudden Holding AB has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bonasudden Holding AB (BONAS)?
Our model-based price target is the fair value of kr 104.89 (as of Nov 3, 2026) from 6 valuation models. Cautious scenario kr 78.67, optimistic scenario kr 131.11. It is a calculation from audited fundamentals, not an analyst target.
What is the Bonasudden Holding AB stock forecast for 2026?
Our models put fair value at kr 104.89, about 22% lower versus a price of kr 135.00 (overvalued). Cautious scenario kr 78.67, optimistic scenario kr 131.11. The calculation is refreshed regularly with new filings.
What is the revenue of Bonasudden Holding AB (BONAS)?
Bonasudden Holding AB reported trailing-twelve-month revenue of about 70.7M SEK (latest available figure, as of Nov 3, 2026).
What growth is priced into Bonasudden Holding AB (BONAS)?
For today's price to be fair in a discounted-cash-flow model, Bonasudden Holding AB would have to grow free cash flow by +52.4 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.1 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of BONAS use?
Our models discount Bonasudden Holding AB at 9.5 %: a base by market capitalisation (nano), country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bonasudden Holding AB that is +52.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Bonasudden Holding AB (BONAS) delivered so far?
Over the past 5 years revenue at Bonasudden Holding AB grew +4.1 % a year. The price currently implies free-cash-flow growth of +52.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bonasudden Holding AB (BONAS) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Bonasudden Holding AB (+52.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bonasudden Holding AB (BONAS)?
The free-cash-flow yield on the price is 1.84 %: that much free cash flow Bonasudden Holding AB produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bonasudden Holding AB (BONAS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bonasudden Holding AB it is kr 104.89 per share (as of Nov 3, 2026), against a price of kr 135.00. It is the blended result of 6 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Economic Profit).
Is Bonasudden Holding AB stock overvalued or undervalued in 2026?
As of Nov 3, 2026, BONAS trades above its calculated fair value: price kr 135.00, fair value kr 104.89, a gap of about −22% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BONAS?
No. The price is what the market pays today (kr 135.00); the fair value is what the company's own numbers justify (kr 104.89). For Bonasudden Holding AB the two are kr 30.11 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bonasudden Holding AB worth?
The market values Bonasudden Holding AB at about 366M SEK (market capitalisation, as of Nov 3, 2026). Per share that is kr 135.00; our models calculate a fair value of kr 104.89 per share.
What do the bullish and bearish scenarios say about BONAS?
Our models span a range for Bonasudden Holding AB: cautious scenario kr 78.67, base kr 104.89, optimistic kr 131.11 per share (as of Nov 3, 2026, price kr 135.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BONAS?
Bonasudden Holding AB trades at a price-to-earnings ratio of 10.3 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 104.89 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings: 7.8. Other multiples: P/B 0.6, P/S 5.2, EV/EBITDA 42.9.
How solid is the balance sheet of Bonasudden Holding AB (BONAS)?
Balance-sheet figures for Bonasudden Holding AB (as of Nov 3, 2026): return on equity 5.7%, debt of 1.05 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is BONAS from its 52-week high?
Bonasudden Holding AB trades at kr 135.00, about 30% below its 52-week high of kr 194.00 and 2% above the low of kr 132.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 104.89 is for.
Which stocks are comparable to Bonasudden Holding AB?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bonasudden Holding AB stock attractive at the current price?
The data as of Nov 3, 2026: price kr 135.00, calculated fair value kr 104.89 (−22%), Quality Score 30/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BONAS calculated?
We run Bonasudden Holding AB through 6 models from 4 families: DCF Models, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 104.89 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Bonasudden Holding AB itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bonasudden Holding AB (BONAS)?
The closing price on Nov 6, 2026 was kr 135.00. Our model-based fair value is kr 104.89, about 22% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bonasudden Holding AB right now?
The price sits above even our optimistic bull case (kr 131.11). The favourable scenario is already priced in. Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Bonasudden Holding AB
How large is the market capitalisation of Bonasudden Holding AB (BONAS)?
The market capitalisation of Bonasudden Holding AB is 366M SEK (≈ $37.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bonasudden Holding AB (BONAS)?
The price-to-sales ratio of Bonasudden Holding AB is 5.18 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bonasudden Holding AB (BONAS)?
Earnings per share at Bonasudden Holding AB are kr 13.16 (price ÷ EPS = P/E 10.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bonasudden Holding AB (BONAS)?
The net margin of Bonasudden Holding AB is 37.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bonasudden Holding AB (BONAS)?
The return on equity (ROE) of Bonasudden Holding AB is 5.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bonasudden Holding AB (BONAS)?
On an EBIT basis the return on assets of Bonasudden Holding AB is 3.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bonasudden Holding AB (BONAS)?
The operating margin of Bonasudden Holding AB is 55.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bonasudden Holding AB (BONAS)?
Revenue at Bonasudden Holding AB is growing +77.0% versus a year earlier (3y avg +10.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bonasudden Holding AB (BONAS)?
Earnings per share at Bonasudden Holding AB are growing −52.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bonasudden Holding AB (BONAS) carry?
The net debt of Bonasudden Holding AB is 819M SEK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 3, 2026