Annehem Fastigheter AB (ANNE-B) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of Annehem Fastigheter AB stock SEK 16.10, price SEK 14.85, upside +8.4%, quality 47 out of 100. Rating: fairly valued. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range kr 12.69 – kr 35.12 · fair‑value band kr 4.66 – kr 31.06 · the kr 14.85 price screens below the kr 16.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
Follow Annehem Fastigheter in your weekly email
Every Wednesday you see whether Annehem Fastigheter is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Annehem Fastigheter AB operates as a property company in Sweden and Finland. The company owns and manages office, community service, and residential properties. It also offers lease agreements. The company was incorporated in 2019 and is headquartered in Ängelholm, Sweden.
Stock analysis
Annehem Fastigheter AB (ANNE-B) currently trades at kr 14.85, while our model-based Fair Value estimate is kr 16.10, so the stock looks roughly fairly valued today (gap 7.8%).
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of kr 23.89 per share, and 8 of the 11 models we run sit above the kr 14.85 price.
Bear case: the Growth DCF group reads lowest at kr 12.19, and 3 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 4.66 (bear) to kr 31.06 (bull), the price of kr 14.85 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 47/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Annehem Fastigheter AB reported revenue of 351M SEK in FY2025 versus 227M SEK in FY2021, a compound +11.5%/yr. Reported net income was −4.4M SEK in FY2025.
Key figures
Market cap 1.2B SEK (≈ $126M) Micro · P/E ratio 116.5 · P/S ratio 3.56 · EPS (TTM) kr 0.1300 · Net margin 2.9% · Return on equity 0.4% · Return on assets (EBIT) 4.9% · Operating margin 59.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at 8%, ANNE-B screens cheaper than that median.
Fair Value models
Bearkr 4.66Fair Value kr 16.10Bullkr 31.06
Price kr 14.85 · Upside +8.4%
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 0.1044 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.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+8.0%
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.
+10.2%
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.
+14.5%
Start year 2020 (pandemic)
Revenue growth 8 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%
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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).
+29.6%
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 +27.1% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 524 stocks
Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+8.4% · Below median
Profitability
Return on equity (12 months)0.4% · Below median
Return on assets−0.1% · Below median
Net margin (12 months)2.9% · Below median
Operating margin (12 months)59.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−2.5% · Below median
Balance sheet
Debt / equity0.77× · Above median
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). "Annehem Fastigheter AB Fair Value". https://www.fairvalue-calculator.com/stock/ANNE-B
Frequently asked questions
Is Annehem Fastigheter AB (ANNE-B) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of kr 16.10 versus a price of kr 14.85, about +8% upside (fairly valued).
What is the fair value of ANNE-B?
Our model-based fair value for Annehem Fastigheter AB is kr 16.10 (as of Oct 2, 2026), built from audited fundamentals. The current price: kr 14.85.
What is the quality score of ANNE-B?
Annehem Fastigheter AB has a Quality Score of 47/100. 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 Annehem Fastigheter AB (ANNE-B)?
Our model-based price target is the fair value of kr 16.10 (as of Oct 2, 2026) from 11 valuation models. Cautious scenario kr 4.66, optimistic scenario kr 31.06. It is a calculation from audited fundamentals, not an analyst target.
What is the Annehem Fastigheter AB stock forecast for 2026?
Our models put fair value at kr 16.10, about +8% upside versus a price of kr 14.85 (fairly valued). Cautious scenario kr 4.66, optimistic scenario kr 31.06. The calculation is refreshed regularly with new filings.
What is the revenue of Annehem Fastigheter AB (ANNE-B)?
Annehem Fastigheter AB reported trailing-twelve-month revenue of about 350M SEK (latest available figure, as of Oct 2, 2026).
What growth is priced into Annehem Fastigheter AB (ANNE-B)?
For today's price to be fair in a discounted-cash-flow model, Annehem Fastigheter AB would have to grow free cash flow by +29.6 % per year for five years (discount rate 12.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.5 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of ANNE-B use?
Our models discount Annehem Fastigheter AB at 12.8 %: a base by market capitalisation (micro), damped by beta 1.10, 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 Annehem Fastigheter AB that is +29.6 % per year a year over ten years, using the same discount rate (12.8 %) and the same formula as our fair value.
How much growth has Annehem Fastigheter AB (ANNE-B) delivered so far?
Over the past 5 years revenue at Annehem Fastigheter AB grew +14.5 % a year. The price currently implies +29.6 % per year free-cash-flow growth a 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 Annehem Fastigheter AB (ANNE-B) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into Annehem Fastigheter AB (+29.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Annehem Fastigheter AB (ANNE-B)?
The free-cash-flow yield on the price is 7.47 %: that much free cash flow Annehem Fastigheter AB produces per unit of market value. When it exceeds the discount rate of our models (12.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Annehem Fastigheter AB (ANNE-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Annehem Fastigheter AB it is kr 16.10 per share (as of Oct 2, 2026), against a price of kr 14.85. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Annehem Fastigheter AB stock overvalued or undervalued in 2026?
As of Oct 2, 2026, ANNE-B trades below its calculated fair value: price kr 14.85, fair value kr 16.10, a gap of about +8% (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 ANNE-B?
No. The price is what the market pays today (kr 14.85); the fair value is what the company's own numbers justify (kr 16.10). For Annehem Fastigheter AB the two are kr 1.25 per share apart. That gap is exactly why we show both numbers side by side.
How much is Annehem Fastigheter AB worth?
The market values Annehem Fastigheter AB at about 1.2B SEK (market capitalisation, as of Oct 2, 2026). Per share that is kr 14.85; our models calculate a fair value of kr 16.10 per share.
What do the bullish and bearish scenarios say about ANNE-B?
Our models span a range for Annehem Fastigheter AB: cautious scenario kr 4.66, base kr 16.10, optimistic kr 31.06 per share (as of Oct 2, 2026, price kr 14.85). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ANNE-B?
Annehem Fastigheter AB trades at a price-to-earnings ratio of 116.5 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 16.10 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 11.8 (the reported result was a loss). Other multiples: P/B 0.5, P/S 3.6, EV/EBITDA 14.7.
How solid is the balance sheet of Annehem Fastigheter AB (ANNE-B)?
Balance-sheet figures for Annehem Fastigheter AB (as of Oct 2, 2026): return on equity 0.4%, debt of 0.77 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is ANNE-B from its 52-week high?
Annehem Fastigheter AB trades at kr 14.85, about 24% below its 52-week high of kr 19.44 and 1% above the low of kr 14.75 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of kr 16.10 is for.
Which stocks are comparable to Annehem Fastigheter AB?
From the same area (Real Estate) we also value CBRE Group, KE Holdings, Swire Properties Limited, Cellnex Telecom, S.A, 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 Annehem Fastigheter AB stock attractive at the current price?
The data as of Oct 2, 2026: price kr 14.85, calculated fair value kr 16.10 (+8%), Quality Score 47/100, from 11 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 ANNE-B calculated?
We run Annehem Fastigheter AB through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 16.10, 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 13.9 % above its aggregate fair value. Annehem Fastigheter AB currently trades 8 % below its own fair value, and the market average says nothing about that. 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 Annehem Fastigheter AB (ANNE-B)?
The closing price on Oct 20, 2026 was kr 14.85. Our model-based fair value is kr 16.10, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Annehem Fastigheter AB right now?
The model range is unusually wide (kr 4.66 to kr 31.06). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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.
Key figures of Annehem Fastigheter AB
How large is the market capitalisation of Annehem Fastigheter AB (ANNE-B)?
The market capitalisation of Annehem Fastigheter AB is 1.2B SEK (≈ $126M). 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 Annehem Fastigheter AB (ANNE-B)?
The price-to-sales ratio of Annehem Fastigheter AB is 3.56 (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 Annehem Fastigheter AB (ANNE-B)?
Earnings per share at Annehem Fastigheter AB are kr 0.1300 (price ÷ EPS = P/E 116.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Annehem Fastigheter AB (ANNE-B)?
The net margin of Annehem Fastigheter AB is 2.9% (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 Annehem Fastigheter AB (ANNE-B)?
The return on equity (ROE) of Annehem Fastigheter AB is 0.4% (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 Annehem Fastigheter AB (ANNE-B)?
On an EBIT basis the return on assets of Annehem Fastigheter AB is 4.9% (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 Annehem Fastigheter AB (ANNE-B)?
The operating margin of Annehem Fastigheter AB is 59.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Annehem Fastigheter AB (ANNE-B)?
Revenue at Annehem Fastigheter AB is growing −2.5% versus a year earlier (3y avg +10.2%). 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 Annehem Fastigheter AB (ANNE-B)?
Earnings per share at Annehem Fastigheter AB are growing +170% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Annehem Fastigheter AB (ANNE-B) carry?
The net debt of Annehem Fastigheter AB is 2.2B SEK (fiscal year 2025, ≈ 24.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Annehem Fastigheter AB in the live analysis
One click puts Annehem Fastigheter AB on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 28,000+ stock screener.
Some data
Oct 2, 2026