Fortinova Fastigheter AB (FNOVA-B) Fair Value & Analysis
Real Estate · SE · Market cap 1.2B SEK
Fair value as of: Jul 19, 2026
From 25 valuation models · updated 2 days ago
Fair value updated Jul 19, 2026, revised from kr 39.17 to kr 39.24 (+0.2%) since Jun 26, 2026. Share price −2.0% over the past month.
Price vs Fair Value (12 months)
12‑month range kr 23.90 – kr 29.00 · fair‑value band kr 39.14 – kr 62.76 · the kr 23.90 price screens below the kr 39.24 fair value. As of Jul 19, 2026.
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Fortinova Fastigheter AB (FNOVA-B) currently trades at kr 23.90, while our model-based Fair Value estimate is kr 39.24, implying the stock looks roughly 64.2% undervalued today. We read business quality at 55/100 (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, Fortinova Fastigheter AB generated revenue of 405M SEK at a net margin of 36.8%. Revenue grew 12.7% year over year. It earns a return on equity of 6.4%. Net debt stands at 2.5B SEK. Fundamentals as of Jul 19, 2026
Our scenario range runs from kr 39.14 (bear case) to kr 62.76 (bull case); at kr 23.90, the current price sits below that range. The share trades about 19% 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 -5% fair-value upside, at 64%, FNOVA-B screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 19, 2026. TTM = trailing twelve months.
About the company
Fortinova Fastigheter AB (Publ) acquires, develops, and manages residential properties in Sweden. The company was incorporated in 2010 and is headquartered in Varberg, Sweden.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Fortinova Fastigheter AB reported revenue of kr 383M in FY2025 versus kr 197M in FY2021, a compound +18.1%/yr. Reported net income was kr 170M in FY2025, compounding −14.1%/yr from FY2021.
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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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.