Brinova Fastigheter AB (publ) (BRIN-B) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of Brinova Fastigheter AB (publ) stock SEK 15.89, price SEK 11.25, upside +41.2%, quality 46 out of 100. Rating: undervalued. 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 10.95 – kr 55.60 · the kr 11.25 price screens below the kr 15.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 2, 2026.
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Brinova Fastigheter AB (publ) engages in the real estate business in Sweden. It owns, develops, and manages rental housing and community services properties, including special housing, healthcare, leisure, education, and public administration, as well as complementary commercial premises.
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The company was incorporated in 2011 and is headquartered in Helsingborg, Sweden. Brinova Fastigheter AB (publ) operates as a subsidiary of K-Fast Holding AB (publ).
Stock analysis
Brinova Fastigheter AB (publ) (BRIN-B) currently trades at kr 11.25, while our model-based Fair Value estimate is kr 15.89, implying the stock looks roughly 29.2% undervalued today.
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Valuation
How firm this estimate is: it rests on 22 models at a data quality of 96/100, which puts the data coverage at medium.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Brinova Fastigheter AB (publ) reported revenue of 942M SEK in FY2025 versus 399M SEK in FY2021, a compound +24.0%/yr. Reported net income was 73.1M SEK in FY2025, compounding −34.6%/yr from FY2021.
Key figures
Market cap 2.6B SEK (≈ $262M) Micro · P/E ratio 12.4 · P/S ratio 2.40 · EPS (TTM) kr 0.9000 · Net margin 16.6% · Return on equity 2.5% · Return on assets (EBIT) 4.2% · Operating margin 61.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (medium confidence).
What moves the price
The share trades about 33% below its 52-week high and 3% 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 41%, BRIN-B screens cheaper than that median.
Fair Value models
Bearkr 15.89Fair Value kr 15.89Bullkr 15.89
Price kr 11.25 · Upside +41.2%
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 0.7225 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.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+72.7%
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.
+26.6%
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.
+24.8%
Start year 2020 (pandemic). Over 10 years: +37.5% a year
Revenue growth 21 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.
+6.8%
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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.
−8.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.9%
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.−33.0% vs −13.7%, slowing
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).
+37.6%
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 +34.9% a year for the price.
Compare Brinova Fastigheter AB (publ) 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 · 526 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+41.2% · Above median
Profitability
Return on equity (12 months)2.5% · Below median
Return on assets0.4% · Below median
Net margin (12 months)16.6% · Above median
Operating margin (12 months)61.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)3.2% · Below median
Balance sheet
Debt / equity1.39× · 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). "Brinova Fastigheter AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/BRIN-B
Frequently asked questions
Is Brinova Fastigheter AB (publ) (BRIN-B) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of kr 15.89 versus a price of kr 11.25, about +41% upside (undervalued).
What is the fair value of BRIN-B?
Our model-based fair value for Brinova Fastigheter AB (publ) is kr 15.89 (as of Oct 2, 2026), built from audited fundamentals. The current price: kr 11.25.
What is the quality score of BRIN-B?
Brinova Fastigheter AB (publ) has a Quality Score of 46/100. 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 Brinova Fastigheter AB (publ) (BRIN-B)?
Our model-based price target is the fair value of kr 15.89 (as of Oct 2, 2026) from 8 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Brinova Fastigheter AB (publ) stock forecast for 2026?
Our models put fair value at kr 15.89, about +41% upside versus a price of kr 11.25 (undervalued). The calculation is refreshed regularly with new filings.
What is the revenue of Brinova Fastigheter AB (publ) (BRIN-B)?
Brinova Fastigheter AB (publ) reported trailing-twelve-month revenue of about 1.1B SEK (latest available figure, as of Oct 2, 2026).
What growth is priced into Brinova Fastigheter AB (publ) (BRIN-B)?
For today's price to be fair in a discounted-cash-flow model, Brinova Fastigheter AB (publ) would have to grow free cash flow by +37.6 % per year for five years (discount rate 14.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.8 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of BRIN-B use?
Our models discount Brinova Fastigheter AB (publ) at 14.1 %: a base by market capitalisation (micro), damped by beta 1.53, 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 Brinova Fastigheter AB (publ) that is +37.6 % per year a year over ten years, using the same discount rate (14.1 %) and the same formula as our fair value.
How much growth has Brinova Fastigheter AB (publ) (BRIN-B) delivered so far?
Over the past 5 years revenue at Brinova Fastigheter AB (publ) grew +24.8 % a year. The price currently implies +37.6 % 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 Brinova Fastigheter AB (publ) (BRIN-B) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into Brinova Fastigheter AB (publ) (+37.6 % 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 Brinova Fastigheter AB (publ) (BRIN-B)?
The free-cash-flow yield on the price is 11.36 %: that much free cash flow Brinova Fastigheter AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (14.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Brinova Fastigheter AB (publ) (BRIN-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Brinova Fastigheter AB (publ) it is kr 15.89 per share (as of Oct 2, 2026), against a price of kr 11.25. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is Brinova Fastigheter AB (publ) stock overvalued or undervalued in 2026?
As of Oct 2, 2026, BRIN-B trades below its calculated fair value: price kr 11.25, fair value kr 15.89, a gap of about +41% (undervalued). 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 BRIN-B?
No. The price is what the market pays today (kr 11.25); the fair value is what the company's own numbers justify (kr 15.89). For Brinova Fastigheter AB (publ) the two are kr 4.64 per share apart. That gap is exactly why we show both numbers side by side.
How much is Brinova Fastigheter AB (publ) worth?
The market values Brinova Fastigheter AB (publ) at about 2.6B SEK (market capitalisation, as of Oct 2, 2026). Per share that is kr 11.25; our models calculate a fair value of kr 15.89 per share.
What is the P/E ratio of BRIN-B?
Brinova Fastigheter AB (publ) trades at a price-to-earnings ratio of 12.4 (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 15.89 is built from several models across several years. Other multiples: P/B 0.4, P/S 2.4, EV/EBITDA 19.3.
How solid is the balance sheet of Brinova Fastigheter AB (publ) (BRIN-B)?
Balance-sheet figures for Brinova Fastigheter AB (publ) (as of Oct 2, 2026): return on equity 2.5%, debt of 1.39 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is BRIN-B from its 52-week high?
Brinova Fastigheter AB (publ) trades at kr 11.25, about 33% below its 52-week high of kr 16.80 and 3% above the low of kr 10.95 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of kr 15.89 is for.
Which stocks are comparable to Brinova Fastigheter AB (publ)?
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 Brinova Fastigheter AB (publ) stock attractive at the current price?
The data as of Oct 2, 2026: price kr 11.25, calculated fair value kr 15.89 (+41%), Quality Score 46/100, from 8 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 BRIN-B calculated?
We run Brinova Fastigheter AB (publ) through 8 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 15.89, 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 13.8 % above its aggregate fair value. Brinova Fastigheter AB (publ) currently trades 29 % 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 Brinova Fastigheter AB (publ) (BRIN-B)?
The closing price on Oct 20, 2026 was kr 11.25. Our model-based fair value is kr 15.89, about +41% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Brinova Fastigheter AB (publ) right now?
The price is below even our cautious bear case (kr 15.89). The market is more pessimistic than our downside scenario. Solid quality (46/100) 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.
Where does the earnings growth of Brinova Fastigheter AB (publ) (BRIN-B) come from?
Earnings per share at Brinova Fastigheter AB (publ) grew −13.7 % a year from 2015 to 2025. Broken into its drivers: revenue per share +13.4 %, EBIT margin +1.5 %, tax rate −5.9 %, residual (interest, one-offs) −20.2 %. 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 Brinova Fastigheter AB (publ)
How large is the market capitalisation of Brinova Fastigheter AB (publ) (BRIN-B)?
The market capitalisation of Brinova Fastigheter AB (publ) is 2.6B SEK (≈ $262M). 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 Brinova Fastigheter AB (publ) (BRIN-B)?
The price-to-sales ratio of Brinova Fastigheter AB (publ) is 2.40 (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 Brinova Fastigheter AB (publ) (BRIN-B)?
Earnings per share at Brinova Fastigheter AB (publ) are kr 0.9000 (price ÷ EPS = P/E 12.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Brinova Fastigheter AB (publ) (BRIN-B)?
The net margin of Brinova Fastigheter AB (publ) is 16.6% (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 Brinova Fastigheter AB (publ) (BRIN-B)?
The return on equity (ROE) of Brinova Fastigheter AB (publ) is 2.5% (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 Brinova Fastigheter AB (publ) (BRIN-B)?
On an EBIT basis the return on assets of Brinova Fastigheter AB (publ) is 4.2% (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 Brinova Fastigheter AB (publ) (BRIN-B)?
The operating margin of Brinova Fastigheter AB (publ) is 61.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Brinova Fastigheter AB (publ) (BRIN-B)?
Revenue at Brinova Fastigheter AB (publ) is growing +3.2% versus a year earlier (3y avg +26.6%). 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 Brinova Fastigheter AB (publ) (BRIN-B)?
Earnings per share at Brinova Fastigheter AB (publ) are growing +140% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Brinova Fastigheter AB (publ) (BRIN-B) carry?
The net debt of Brinova Fastigheter AB (publ) is 11.4B SEK (fiscal year 2025, ≈ 38.6 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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Oct 2, 2026