Fast Ejendom (FED) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Fast Ejendom stock DKK 211, price DKK 232, that is 9.0% below the price, quality 62 out of 100. Rating: fairly valued. Calculated from audited financials with 14 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 7, 2026.
How to read this chart
60‑month range kr 106.00 – kr 236.00 · fair‑value band kr 191.12 – kr 315.09 · the kr 232.00 price screens above the kr 211.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Fast Ejendom Denmark is a real estate investment firm specializing in commercial and residential properties. The firm seeks to invest in Denmark with a focus on the Copenhagen metropolitan area, Aarhus and the Triangle Area. Fast Ejendom Denmark is based in Denmark.
Stock analysis
Fast Ejendom (FED) currently trades at kr 232.00, while our model-based Fair Value estimate is kr 211.11, so the stock looks roughly fairly valued today (gap 9.9%).
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Valuation
Bull case: the Economic Profit group reads highest at a median of kr 307.24 per share, and 3 of the 14 models we run sit above the kr 232.00 price.
Bear case: the Growth DCF group reads lowest at kr 96.39, and 11 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 191.12 (bear) to kr 315.09 (bull), the price of kr 232.00 sits inside 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 62/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Fast Ejendom reported revenue of 114M DKK in FY2025 versus 161M DKK in FY2021, a compound −8.3%/yr. Reported net income was 94.1M DKK in FY2025, compounding +5.2%/yr from FY2021.
Key figures
Market cap 589M DKK (≈ $88.2M) Micro · P/E ratio 5.4 · P/S ratio 5.18 · EPS (TTM) kr 42.98 · Net margin 87.9% · Return on equity 13.1% · Return on assets (EBIT) 7.1% (5-year average) · Operating margin 60.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 21% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −9%, FED screens cheaper than that median.
Fair Value models
Bearkr 191.12Fair Value kr 211.11Bullkr 315.09
Price kr 232.00 · Downside -9.0%
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 36.86 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.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−27.8%
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.
−16.9%
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.
+6.1%
Start year 2020 (pandemic). Over 10 years: +2.9% a year
Revenue growth 14 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.
+23.3%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+24.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.0%
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.15.8% vs 13.7%, steady
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% → 63%
2025 sits 51% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
+19.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Denmark: IMF forecast 2.1% a year to 2030, 2.0% from 2016 to 2025) that is about +17.5% 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 Score62 · Above median
Fair Value upside−9.0% · Below median
Profitability
Return on equity (12 months)13.1% · Top 25%
Return on assets5.5% · Top 25%
Net margin (12 months)87.9% · Top 25%
Operating margin (12 months)60.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−3.6% · Below median
Balance sheet
Debt / equity0.90× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (12 months)5.4× · Cheapest 25%
P/B0.74× · Pricier than median
P/S (12 months)5.18× · Pricier than median
Price / free cash flow (fiscal year)13.4× · Pricier than median
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). "Fast Ejendom Fair Value". https://www.fairvalue-calculator.com/stock/FED
Frequently asked questions
Is Fast Ejendom (FED) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of kr 211.11 versus a price of kr 232.00, about 9% lower (fairly valued).
What is the fair value of FED?
Our model-based fair value for Fast Ejendom is kr 211.11 (as of Nov 7, 2026), built from audited fundamentals. The current price: kr 232.00.
What is the quality score of FED?
Fast Ejendom has a Quality Score of 62/100. 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 Fast Ejendom (FED)?
Our model-based price target is the fair value of kr 211.11 (as of Nov 7, 2026) from 14 valuation models. Cautious scenario kr 191.12, optimistic scenario kr 315.09. It is a calculation from audited fundamentals, not an analyst target.
What is the Fast Ejendom stock forecast for 2026?
Our models put fair value at kr 211.11, about 9% lower versus a price of kr 232.00 (fairly valued). Cautious scenario kr 191.12, optimistic scenario kr 315.09. The calculation is refreshed regularly with new filings.
What is the revenue of Fast Ejendom (FED)?
Fast Ejendom reported trailing-twelve-month revenue of about 114M DKK (latest available figure, as of Nov 7, 2026).
What growth is priced into Fast Ejendom (FED)?
For today's price to be fair in a discounted-cash-flow model, Fast Ejendom would have to grow free cash flow by +19.9 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.1 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of FED use?
Our models discount Fast Ejendom at 11.0 %: a base by market capitalisation (micro), damped by beta 0.28, country premium for Denmark. 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 Fast Ejendom that is +19.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Fast Ejendom (FED) delivered so far?
Over the past 5 years revenue at Fast Ejendom grew +6.1 % a year. The price currently implies free-cash-flow growth of +19.9 % 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 Fast Ejendom (FED) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Fast Ejendom (+19.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Fast Ejendom (FED)?
The free-cash-flow yield on the price is 7.49 %: that much free cash flow Fast Ejendom produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fast Ejendom (FED)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fast Ejendom it is kr 211.11 per share (as of Nov 7, 2026), against a price of kr 232.00. It is the blended result of 14 valuation models in 5 families (DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Fast Ejendom stock overvalued or undervalued in 2026?
As of Nov 7, 2026, FED trades above its calculated fair value: price kr 232.00, fair value kr 211.11, a gap of about −9% (fairly valued). 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 FED?
No. The price is what the market pays today (kr 232.00); the fair value is what the company's own numbers justify (kr 211.11). For Fast Ejendom the two are kr 20.89 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fast Ejendom worth?
The market values Fast Ejendom at about 589M DKK (market capitalisation, as of Nov 7, 2026). Per share that is kr 232.00; our models calculate a fair value of kr 211.11 per share.
What do the bullish and bearish scenarios say about FED?
Our models span a range for Fast Ejendom: cautious scenario kr 191.12, base kr 211.11, optimistic kr 315.09 per share (as of Nov 7, 2026, price kr 232.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FED?
Fast Ejendom trades at a price-to-earnings ratio of 5.4 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 211.11 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 7.2. Other multiples: P/B 0.7, P/S 5.2, EV/EBITDA 17.7.
How solid is the balance sheet of Fast Ejendom (FED)?
Balance-sheet figures for Fast Ejendom (as of Nov 7, 2026): return on equity 13.1%, debt of 0.90 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is FED from its 52-week high?
Fast Ejendom trades at kr 232.00, about 2% below its 52-week high of kr 236.00 and 21% above the low of kr 192.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 211.11 is for.
Which stocks are comparable to Fast Ejendom?
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 Fast Ejendom stock attractive at the current price?
The data as of Nov 7, 2026: price kr 232.00, calculated fair value kr 211.11 (−9%), Quality Score 62/100, from 14 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 FED calculated?
We run Fast Ejendom through 14 models from 5 families: DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 211.11 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. Fast Ejendom 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 Fast Ejendom (FED)?
The closing price on Nov 6, 2026 was kr 232.00. Our model-based fair value is kr 211.11, about 9% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fast Ejendom right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Fast Ejendom (FED) come from?
Earnings per share at Fast Ejendom grew +13.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.0 %, EBIT margin +2.7 %, tax rate −0.3 %, residual (interest, one-offs) +3.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Fast Ejendom
How large is the market capitalisation of Fast Ejendom (FED)?
The market capitalisation of Fast Ejendom is 589M DKK (≈ $88.2M). 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 Fast Ejendom (FED)?
The price-to-sales ratio of Fast Ejendom 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 Fast Ejendom (FED)?
Earnings per share at Fast Ejendom are kr 42.98 (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Fast Ejendom (FED)?
The net margin of Fast Ejendom is 87.9% (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 Fast Ejendom (FED)?
The return on equity (ROE) of Fast Ejendom is 13.1% (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 Fast Ejendom (FED)?
On an EBIT basis the return on assets of Fast Ejendom is 7.1% (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 Fast Ejendom (FED)?
The operating margin of Fast Ejendom is 60.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fast Ejendom (FED)?
Revenue at Fast Ejendom is growing −3.6% versus a year earlier (3y avg −16.9%). 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 Fast Ejendom (FED)?
Earnings per share at Fast Ejendom are growing +104% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Fast Ejendom (FED) carry?
The net debt of Fast Ejendom is 692M DKK (fiscal year 2025, ≈ 15.7 yrs of FCF). 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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Some data
Nov 7, 2026