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Fast Ejendom Denmark (FED) Fair Value & Analysis

Real Estate · DK · Market cap 568M DKK

FE Fast Ejendom Denmark FED · CO
Pricekr 222.00
Fair Valuekr 291.39
Upside+31.3%
Quality58/100
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Mixed Growth
Highly profitable · 84.0% net margin
Moderate debt · generates free cash flow
Ranks above peers (9/13)
Wide moat 70/100
Evidence: High Range kr 218.54 – kr 364.23 Share as image

Fair value as of: Jul 17, 2026

From 14 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from kr 289.89 to kr 291.39 (+0.5%) since Jun 26, 2026. Share price −0.9% over the past month.

A solid business, screening 31% undervalued on our models.

What matters now

  • Solid quality (58/100) 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.
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Price vs Fair Value (5 years)

kr 236.00 kr 106.00 Fair Value kr 291.39 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range kr 106.00 – kr 236.00 · fair‑value band kr 218.54 – kr 364.23 · the kr 222.00 price screens below the kr 291.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Fast Ejendom Denmark (FED) currently trades at kr 222.00, while our model-based Fair Value estimate is kr 291.39, implying the stock looks roughly 31.3% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Fast Ejendom Denmark generated revenue of 114M DKK at a net margin of 84.0%. Revenue grew 5.1% year over year. It earns a return on equity of 12.8%. Net debt stands at 692M DKK. Fundamentals as of Jul 17, 2026

Our scenario range runs from kr 218.54 (bear case) to kr 364.23 (bull case); at kr 222.00, the current price sits within 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 6% below its 52-week high and 71% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at 31%, FED screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Growth DCF kr 26.13 kr 184.88 80
Rev-Margin DCF kr 91.34 kr 290.34 74
Residual Income kr 270.94 kr 304.04 kr 474.06 61
All 14 models by family
DCF Models
FCF DCF kr 45.18 kr 239.16 38
5Y Revenue Exit kr 95.75 kr 310.95 39
5Y EBITDA Exit kr 13.73 kr 252.50 kr 554.93 41
10Y Revenue Exit kr 60.92 kr 275.55 36
10Y EBITDA Exit kr 166.12 kr 462.85 37
Multiples
P/S Multiple kr 218.54 kr 291.39 kr 364.23 58
P/B Multiple kr 468.07 kr 624.09 kr 780.12 55
EV/EBIT kr 196.30 kr 350.35 kr 504.41 53
EV/EBITDA kr 101.09 kr 223.40 kr 345.72 54
EV/Revenue kr 47.95 kr 142.09 43
Asset-Based
NCAV (Graham) kr 156.02 kr 209.07 kr 312.05 50
Growth DCF
Growth DCF kr 26.13 kr 184.88 80
Rev-Margin DCF kr 91.34 kr 290.34 74
Economic Profit
Residual Income kr 270.94 kr 304.04 kr 474.06 61

Widest divergence: Economic Profit (kr 304.04) versus Growth DCF (kr 26.13). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 114M DKK
Revenue growth (YoY) +5.1%
Net margin 84.0%
Return on equity 12.8%
Free cash flow 44.1M DKK FY2025
P/E ratio 6.1
More key figures
Operating margin 63.6%
EPS (TTM) kr 36.96
EPS growth (YoY) +16.2%
Net debt 692M DKK FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 55 · Market factors (momentum, volatility) 72

Profitability 41
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 92
Distance to the 52-week high (market factor)
Net Issuance 78
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.

About the company

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fast Ejendom Denmark reported revenue of kr 114M in FY2025 versus kr 161M in FY2021, a compound −8.3%/yr. Reported net income was kr 94.1M in FY2025, compounding +5.2%/yr from FY2021.

Growth Quality 66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
114M DKK
Latest YoY
−27.8%
Avg. 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.
−16.9%
Avg. 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.
+6.1%
Avg. growth/yr (14Y) 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.
+23.3%
Revenue −8.3%/yr
FY21 kr 161M
FY22 kr 198M
FY23 kr 114M
FY24 kr 158M
FY25 kr 114M
Net income +5.2%/yr
FY21 kr 77.0M
FY22 kr 114M
FY23 kr 37.2M
FY24 kr 62.1M
FY25 kr 94.1M
Character of growth · EPS growth decomposed (2014-2025) +13.2 % p.a.
Revenue per share +7.0 pp

of which total revenue +6.4 pp · buybacks/dilution +0.6 pp

EBIT margin +2.7 pp
Tax rate −0.3 pp
Residual (interest, one-offs) +3.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Fast Ejendom Denmark Fair Value". https://www.fairvalue-calculator.com/stock/FED

Peer Group

Real Estate Services · 520 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 59 · Above median
Fair Value upside +31% · Above median
Return on equity (TTM) 13% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 84% · Top 25%
Operating margin (TTM) 64% · Top 25%
Revenue growth 5% · Above median
Debt / equity 0.90× · Higher than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 6.1× · Cheaper than 75% of peers
P/B 0.72× · Pricier than median
P/S (TTM) 4.99× · Pricier than 75% of peers
P/FCF 2.0× · Cheaper than median
EV/EBITDA 17.2× · Pricier than median

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.

VALUE 75 · sector 37
FUTURE 26 · sector 10
PAST 51 · sector 16
HEALTH 55 · sector 85
DIVIDEND 0 · sector 49

Insider activity: 45/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

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Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Fast Ejendom Denmark (FED) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of kr 291.39 versus a price of kr 222.00, about +31% (undervalued).
What is the fair value of FED?
Our model-based fair value for Fast Ejendom Denmark is kr 291.39 (as of Jul 17, 2026), built from audited fundamentals. The current price is kr 222.00.
What is the quality score of FED?
Fast Ejendom Denmark has a Quality Score of 58/100. 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 Fast Ejendom Denmark (FED)?
Fast Ejendom Denmark reported trailing-twelve-month revenue of about 114M DKK (latest available figure, as of Jul 17, 2026).
What is the net profit margin of FED?
The net profit margin of Fast Ejendom Denmark is about 84.0%, meaning it keeps roughly 84.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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