Kalleback Property Invest AB (KAPIAB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kalleback Property Invest AB stock SEK 140, price SEK 202, that is 30.5% below the price, quality 55 out of 100. Rating: overvalued. Calculated from audited financials with 15 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 9, 2026.
How to read this chart
60‑month range kr 128.82 – kr 203.00 · fair‑value band kr 93.23 – kr 217.35 · the kr 202.00 price screens above the kr 140.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Kallebäck Property Invest AB (publ) operates as a real estate company primarily in Sweden. It indirectly owns, manages, and leases the Kallebäck 17:2 property in Gothenburg. The company was founded in 2013 and is headquartered in Stockholm, Sweden.
Stock analysis
Kalleback Property Invest AB (KAPIAB) currently trades at kr 202.00, while our model-based Fair Value estimate is kr 140.37, 31% 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 205.65 per share, and 4 of the 15 models we run sit above the kr 202.00 price.
Bear case: the Asset-Based group reads lowest at kr 111.93, and 11 of the 15 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 93.23 (bear) to kr 217.35 (bull), the price of kr 202.00 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 55/100 (solid quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Kalleback Property Invest AB reported revenue of 91.9M SEK in FY2025 versus 72.3M SEK in FY2021, a compound +6.2%/yr. Reported net income was 75.3M SEK in FY2025, compounding −8.4%/yr from FY2021.
Key figures
Market cap 737M SEK (≈ $74.6M) Micro · P/E ratio 9.1 · P/S ratio 7.81 · EPS (TTM) kr 22.16 · Dividend yield 5.9% · Net margin 87.4% · Return on equity 14.4% · Return on assets (EBIT) 6.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 73 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 8% 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 −31%, KAPIAB screens richer than that median.
Fair Value models
Bearkr 93.23Fair Value kr 140.37Bullkr 217.35
Price kr 202.00 · Downside -30.5%
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 8.71 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+2.2%
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.
+6.5%
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.
+5.2%
Start year 2020 (pandemic). Over 10 years: +3.2% a year
Revenue growth 11 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.
+4.7%
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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. Basis: EBIT basis.
+1.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.9%
Dividend (yield on the price)5.9%
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.0.0% vs 13.4%, 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.94% → 90%
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).
+12.0%
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 +9.8% a year for the price.
Compare Kalleback Property Invest AB with another stock
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 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside−30.5% · Below median
Profitability
Return on equity (12 months)14.4% · Top 25%
Return on assets5.9% · Top 25%
Net margin (12 months)87.4% · Top 25%
Operating margin (12 months)92.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)5.4% · Above median
Dividend yield (12 months)5.9% · Above median
Balance sheet
Debt / equity0.81× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (12 months)9.1× · Cheaper than median
P/B1.21× · Pricier than median
P/S (12 months)7.81× · Priciest 25%
Price / free cash flow (fiscal year)12.1× · Pricier than median
EV/EBITDA17.7× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 55
FUTURE (revenue growth)27· sector 19
PAST (return on equity)57· sector 19
HEALTH (low debt)60· sector 83
DIVIDEND (yield)100· sector 66
VALUE 0: the price sits above our fair-value range.
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). "Kalleback Property Invest AB Fair Value". https://www.fairvalue-calculator.com/stock/KAPIAB
Frequently asked questions
Is Kalleback Property Invest AB (KAPIAB) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of kr 140.37 versus a price of kr 202.00, about 31% lower (overvalued).
What is the fair value of KAPIAB?
Our model-based fair value for Kalleback Property Invest AB is kr 140.37 (as of Nov 9, 2026), built from audited fundamentals. The current price: kr 202.00.
What is the quality score of KAPIAB?
Kalleback Property Invest AB has a Quality Score of 55/100. 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 Kalleback Property Invest AB (KAPIAB)?
Our model-based price target is the fair value of kr 140.37 (as of Nov 9, 2026) from 15 valuation models. Cautious scenario kr 93.23, optimistic scenario kr 217.35. It is a calculation from audited fundamentals, not an analyst target.
What is the Kalleback Property Invest AB stock forecast for 2026?
Our models put fair value at kr 140.37, about 31% lower versus a price of kr 202.00 (overvalued). Cautious scenario kr 93.23, optimistic scenario kr 217.35. The calculation is refreshed regularly with new filings.
What is the revenue of Kalleback Property Invest AB (KAPIAB)?
Kalleback Property Invest AB reported trailing-twelve-month revenue of about 94.4M SEK (latest available figure, as of Nov 9, 2026).
Does Kalleback Property Invest AB pay a dividend?
Kalleback Property Invest AB currently shows a dividend yield of 5.94% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Kalleback Property Invest AB (KAPIAB) and when is the ex-dividend date?
Kalleback Property Invest AB pays a dividend of kr 12.00 per share a year, a dividend yield of 5.9%. The next ex-dividend date is Dec 30, 2026. A dividend has been paid every year since at least 2015. The payout ratio is 54.2% of earnings. Free cash flow covers the dividend 1.39 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Kalleback Property Invest AB (KAPIAB)?
For today's price to be fair in a discounted-cash-flow model, Kalleback Property Invest AB would have to grow free cash flow by +12.0 % 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 +5.2 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of KAPIAB use?
Our models discount Kalleback Property Invest AB at 11.0 %: a base by market capitalisation (micro), damped by beta 0.39, 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 Kalleback Property Invest AB that is +12.0 % 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 Kalleback Property Invest AB (KAPIAB) delivered so far?
Over the past 5 years revenue at Kalleback Property Invest AB grew +5.2 % a year. The price currently implies free-cash-flow growth of +12.0 % 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 Kalleback Property Invest AB (KAPIAB) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Kalleback Property Invest AB (+12.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kalleback Property Invest AB (KAPIAB)?
The free-cash-flow yield on the price is 8.27 %: that much free cash flow Kalleback Property Invest AB 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 Kalleback Property Invest AB (KAPIAB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kalleback Property Invest AB it is kr 140.37 per share (as of Nov 9, 2026), against a price of kr 202.00. It is the blended result of 15 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Kalleback Property Invest AB stock overvalued or undervalued in 2026?
As of Nov 9, 2026, KAPIAB trades above its calculated fair value: price kr 202.00, fair value kr 140.37, a gap of about −31% (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 KAPIAB?
No. The price is what the market pays today (kr 202.00); the fair value is what the company's own numbers justify (kr 140.37). For Kalleback Property Invest AB the two are kr 61.63 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kalleback Property Invest AB worth?
The market values Kalleback Property Invest AB at about 737M SEK (market capitalisation, as of Nov 9, 2026). Per share that is kr 202.00; our models calculate a fair value of kr 140.37 per share.
What do the bullish and bearish scenarios say about KAPIAB?
Our models span a range for Kalleback Property Invest AB: cautious scenario kr 93.23, base kr 140.37, optimistic kr 217.35 per share (as of Nov 9, 2026, price kr 202.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KAPIAB?
Kalleback Property Invest AB trades at a price-to-earnings ratio of 9.1 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 140.37 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 10.9. Other multiples: P/B 1.2, P/S 7.8, EV/EBITDA 17.7.
How solid is the balance sheet of Kalleback Property Invest AB (KAPIAB)?
Balance-sheet figures for Kalleback Property Invest AB (as of Nov 9, 2026): return on equity 14.4%, debt of 0.81 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is KAPIAB from its 52-week high?
Kalleback Property Invest AB trades at kr 202.00, at its 52-week high of kr 203.00 and 8% above the low of kr 187.59 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 140.37 is for.
Which stocks are comparable to Kalleback Property Invest 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 Kalleback Property Invest AB stock attractive at the current price?
The data as of Nov 9, 2026: price kr 202.00, calculated fair value kr 140.37 (−31%), Quality Score 55/100, from 15 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 KAPIAB calculated?
We run Kalleback Property Invest AB through 15 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 140.37 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. Kalleback Property Invest 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 Kalleback Property Invest AB (KAPIAB)?
The closing price on Nov 6, 2026 was kr 202.00. Our model-based fair value is kr 140.37, about 31% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kalleback Property Invest AB right now?
Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 93.23 to kr 217.35) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Kalleback Property Invest AB (KAPIAB) come from?
Earnings per share at Kalleback Property Invest AB grew +11.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.9 %, EBIT margin −0.5 %, tax rate +0.6 %, residual (interest, one-offs) +7.3 %. 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 Kalleback Property Invest AB
How large is the market capitalisation of Kalleback Property Invest AB (KAPIAB)?
The market capitalisation of Kalleback Property Invest AB is 737M SEK (≈ $74.6M). 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 Kalleback Property Invest AB (KAPIAB)?
The price-to-sales ratio of Kalleback Property Invest AB is 7.81 (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 Kalleback Property Invest AB (KAPIAB)?
Earnings per share at Kalleback Property Invest AB are kr 22.16 (price ÷ EPS = P/E 9.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kalleback Property Invest AB (KAPIAB)?
The dividend yield of Kalleback Property Invest AB is 5.9% (payout 54.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kalleback Property Invest AB (KAPIAB)?
The net margin of Kalleback Property Invest AB is 87.4% (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 Kalleback Property Invest AB (KAPIAB)?
The return on equity (ROE) of Kalleback Property Invest AB is 14.4% (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 Kalleback Property Invest AB (KAPIAB)?
On an EBIT basis the return on assets of Kalleback Property Invest AB is 6.9% (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 Kalleback Property Invest AB (KAPIAB)?
The operating margin of Kalleback Property Invest AB is 92.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kalleback Property Invest AB (KAPIAB)?
Revenue at Kalleback Property Invest AB is growing +5.4% versus a year earlier (3y avg +6.5%). 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 Kalleback Property Invest AB (KAPIAB)?
Earnings per share at Kalleback Property Invest AB are growing +34.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kalleback Property Invest AB (KAPIAB) carry?
The net debt of Kalleback Property Invest AB is 437M SEK (fiscal year 2025, ≈ 7.2 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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Broad data
Nov 9, 2026