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Acrinova AB (ACRI-B) Fair Value & Analysis

Real Estate · SE · Market cap 321M SEK (≈ $33.6M) · ISIN SE0015660030

What is Acrinova AB really worth?

AA Acrinova AB ACRI-B · ST
Pricekr 7.84
Fair Valuekr 20.70
Upside+164.0%
Quality60/100

A solid business, trading 62% below our fair value of kr 20.70.

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Strengths

Highly profitable · 37.4% net margin
Moderate debt · generates free cash flow

Risks

!Expensive Growth (revenue 5y +3.2 %/yr)
!Mixed vs. peers (6/14)
!Moderate moat 52/100
!Evidence only low, so the estimate is less certain
!Weak on past: 20 out of 100
Evidence: Low Range kr 14.97 – kr 25.87

Fair value as of: Aug 27, 2026

From 13 valuation models · updated 8 days ago

Fair value updated Aug 27, 2026, revised from kr 20.55 to kr 20.70 (+0.7%) since Aug 14, 2026. Share price −6.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (kr 14.97). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (5 years)

kr 10.70 kr 3.46 Fair Value kr 20.70 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range kr 3.46 – kr 10.70 · fair‑value band kr 14.97 – kr 25.87 · the kr 7.84 price screens below the kr 20.70 fair value. Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Acrinova AB (ACRI-B) currently trades at kr 7.84, while our model-based Fair Value estimate is kr 20.70, implying the stock looks roughly 62.1% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Real Estate sector. Bull case: the Growth DCF group reads highest at a median of kr 178.44 per share, and 13 of the 13 models we run sit above the kr 7.84 price. Bear case: the Asset-Based group reads lowest at kr 13.14, and 0 of the 13 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Acrinova AB generated revenue of 128M SEK at a net margin of 46.8%. Revenue declined 68.1% year over year. It earns a return on equity of 7.9%. Net debt stands at 250M SEK. Fundamentals as of Aug 27, 2026

Our scenario range runs from kr 14.97 (bear case) to kr 25.87 (bull case); at kr 7.84, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −33% fair-value upside, at 164%, ACRI-B screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model 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. Evidence
Highest evidence
FCF DCF kr 98.01 kr 168.45 kr 333.35 76
Growth DCF kr 94.10 kr 178.44 kr 297.47 76
Residual Income kr 16.51 kr 18.16 kr 24.50 76
All 13 models by family
DCF Models
FCF DCF kr 98.01 kr 168.45 kr 333.35 76
5Y Revenue Exit kr 40.26 kr 62.89 kr 91.26 72
5Y EBITDA Exit kr 44.16 kr 71.67 kr 105.14 74
10Y Revenue Exit kr 59.64 kr 89.77 kr 131.87 66
10Y EBITDA Exit kr 62.62 kr 95.95 kr 145.18 68
Multiples
P/S Multiple kr 21.92 kr 29.23 kr 36.54 58
P/B Multiple kr 26.83 kr 35.77 kr 44.71 55
EV/EBIT kr 23.18 kr 33.15 kr 43.12 65
EV/EBITDA kr 17.28 kr 25.28 kr 33.28 67
EV/Revenue kr 9.77 kr 16.84 kr 23.91 52
Asset-Based
NCAV (Graham) kr 9.80 kr 13.14 kr 19.61 54
Growth DCF
Growth DCF kr 94.10 kr 178.44 kr 297.47 76
Economic Profit
Residual Income kr 16.51 kr 18.16 kr 24.50 76

Widest divergence: Growth DCF (kr 178.44) versus Asset-Based (kr 13.14). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 11.9 as of Jul 13, 2026
P/S ratio 5.57 P/E × margin
EPS (TTM) kr 0.6200 price ÷ EPS = P/E 11.9
Net margin 46.8% FY2025
Return on equity 4.9% TTM
Return on assets (EBIT) 5.4% avg 5y
More key figures
Profitability
Operating margin 16.6% TTM
Growth
Revenue (TTM) 101M SEK TTM
Revenue growth (YoY) −66.3% 3y avg −0.6%
EPS growth (YoY) −94.1%
Balance sheet & cash flow
Free cash flow 251M SEK FY2025
Net debt 250M SEK FY2025 · ≈ 1.0 yrs of FCF

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 60 · Market factors (momentum, volatility) 46

Profitability 41
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Acrinova AB (publ), a real estate company, owns, develops, and manages real estate properties in Sweden. Its property portfolio includes trade and service, warehouse and production, and residential properties, as well as logistics/production, housing, shop, industrial and commercial premises, restaurant, and office.

Full company description

Acrinova AB (publ), a real estate company, owns, develops, and manages real estate properties in Sweden. Its property portfolio includes trade and service, warehouse and production, and residential properties, as well as logistics/production, housing, shop, industrial and commercial premises, restaurant, and office. The company was incorporated in 2014 and is headquartered in Malmö, Sweden.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Acrinova AB reported revenue of 128M SEK in FY2025 versus 102M SEK in FY2021, a compound +5.9%/yr. Reported net income was 60.0M SEK in FY2025, compounding −20.9%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
128M SEK
Latest YoY
−19.8%
Avg. revenue growth/yr (3Y) 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.
−0.6%
Avg. revenue growth/yr (5Y) 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.
+3.2%
Avg. revenue growth/yr (11Y) 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.
+35.1%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
≈ +8.6% (approximate, leans on 2025) · in SEK
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+8.6%
Dividend yield0.0%
Trend 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.5Y 8.6% vs 10Y 11.3%, steady
Operating margin (EBIT) 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.58.4% (2019) → 57.2% (2024) · falling
Worst earnings drop95% (2023) · in SEK
⚠ Rate leans on 2025: that final year sits 80% above its own trend (e.g. a one-off disposal gain) and could not be adjusted
Revenue +5.9%/yr
FY21 102M SEK
FY22 131M SEK
FY23 147M SEK
FY24 160M SEK
FY25 128M SEK
Net income −20.9%/yr
FY21 153M SEK
FY22 79.3M SEK
FY23 7.8M SEK
FY24 35.9M SEK
FY25 60.0M SEK

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Cite: Fair Value Calculator (2026). "Acrinova AB Fair Value". https://www.fairvalue-calculator.com/stock/ACRI-B

Peer Group

Real Estate - Diversified · 129 stocks

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.

Quality Score 61 · Top 25%
Fair Value upside +164% · Top 25%
Return on equity (TTM) 5% · Above median
Return on assets 1% · Below median
Net margin (TTM) 37% · Top 25%
Operating margin (TTM) 17% · Below median
Revenue growth −66% · Bottom 25%
Dividend yield (TTM) 51.7% · Top 25%
Debt / equity 0.61× · Higher than median

Valuation Multiples vs Real Estate - Diversified median · lower = cheaper

P/E (TTM) 11.9× · Cheaper than median
P/B 0.57× · Pricier than median
P/S (TTM) 3.18× · Pricier than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 15.1× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 47
FUTURE0 · sector 29
PAST20 · sector 17
HEALTH69 · sector 77
DIVIDEND0 · sector 61

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Real Estate - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Corem Property Group CORED kr 229.00 kr 121.82 −47%
Swiss Prime Site AG SPSN CHF 124.60 CHF 44.83 −64%
Central Pattana Public Company CPN 66.00 THB 71.37 THB +8%
Prestige Estates Projects Limited PRESTIGE ₹1,586 ₹645.21 −59%
The Phoenix Mills Limited PHOENIXLTD ₹1,905 ₹701.74 −63%
Umm Al Qura for Development and Construction Company 4325 17.19 SAR 11.60 SAR −33%
Fastighets AB BALDB kr 54.08 kr 70.70 +31%
Hainan Airport Infrastructure Co 600515 ¥2.79 ¥0.3300 −88%
Parque Arauco S.A PARAUCO 3,954 CLP 2,740 CLP −31%
Singapore Land Group U06 3.41 SGD 3.23 SGD −5%

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Frequently asked questions

Is Acrinova AB (ACRI-B) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of kr 20.70 versus a price of kr 7.84, about +164% upside (undervalued).
What is the fair value of ACRI-B?
Our model-based fair value for Acrinova AB is kr 20.70 (as of Aug 27, 2026), built from audited fundamentals. The current price: kr 7.84.
What is the quality score of ACRI-B?
Acrinova AB has a Quality Score of 60/100. 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 revenue of Acrinova AB (ACRI-B)?
Acrinova AB reported trailing-twelve-month revenue of about 128M SEK (latest available figure, as of Aug 27, 2026).
What is the net profit margin of ACRI-B?
The net profit margin of Acrinova AB is about 46.8%, meaning it keeps roughly 46.8% of revenue as net income. Based on the latest reported figures.
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