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Genova Property Group (GPG) Fair Value & Analysis

Real Estate · SE · Market cap 1.8B SEK

GP Genova Property Group GPG · ST
Pricekr 37.20
Fair Valuekr 52.11
Upside+40.1%
Quality53/100
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Mixed Growth
Highly profitable · 49.5% net margin
High debt · generates free cash flow
2.41% dividend yield
Mixed vs. peers (6/14)
Wide moat 65/100
Evidence: Medium Range kr 52.11 – kr 89.92 Share as image

Fair value as of: Jul 16, 2026

From 11 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from kr 52.28 to kr 52.11 (−0.3%) since Jun 26, 2026. Share price −2.4% over the past month.

A solid business, screening 40% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (kr 52.11). The market is more pessimistic than our downside scenario.
  • Solid quality (53/100) 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 144.20 kr 32.12 Fair Value kr 52.11 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range kr 32.12 – kr 144.20 · fair‑value band kr 52.11 – kr 89.92 · the kr 37.20 price screens below the kr 52.11 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Genova Property Group (GPG) currently trades at kr 37.20, while our model-based Fair Value estimate is kr 52.11, implying the stock looks roughly 40.1% undervalued today. The Quality Score stands at 53/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Genova Property Group generated revenue of 537M SEK at a net margin of 49.5%. Revenue declined 12.0% year over year. It earns a return on equity of 7.1%. Net debt stands at 7.4B SEK. Fundamentals as of Jul 16, 2026

Our scenario range runs from kr 52.11 (bear case) to kr 89.92 (bull case); at kr 37.20, 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 22% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at 40%, GPG 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
Residual Income kr 49.78 kr 51.95 kr 54.07 76
Rev-Margin DCF kr 37.70 74
P/S Multiple kr 53.95 kr 71.93 kr 89.92 58
All 11 models by family
DCF Models
5Y Revenue Exit kr 46.83 39
5Y EBITDA Exit kr 12.26 kr 114.34 41
10Y Revenue Exit kr 24.19 36
10Y EBITDA Exit kr 91.89 37
Multiples
P/S Multiple kr 53.95 kr 71.93 kr 89.92 58
P/B Multiple kr 63.96 kr 85.28 kr 106.60 55
EV/EBIT kr 26.50 kr 62.74 53
EV/EBITDA kr 26.14 54
Asset-Based
NCAV (Graham) kr 31.92 kr 42.77 kr 63.84 50
Growth DCF
Rev-Margin DCF kr 37.70 74
Economic Profit
Residual Income kr 49.78 kr 51.95 kr 54.07 76

Widest divergence: Multiples (kr 71.93) versus DCF Models (kr 12.26). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 537M SEK
Revenue growth (YoY) -12.0%
Net margin 49.5%
Return on equity 7.1%
Free cash flow 88.0M SEK FY2025
P/E ratio 7.1
More key figures
Operating margin 59.2%
EPS (TTM) kr 5.45
Dividend yield 2.4%
EPS growth (YoY) +86.9%
Net debt 7.4B SEK FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 47 · Market factors (momentum, volatility) 38

Profitability 34
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 66
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

Genova Property Group AB (publ) engages in property management and development in Sweden. The company operates through Property Management and Others segments. It owns, manages, and develops properties, including rental apartments, community services, and commercial premises. The company was founded in 2006 and is headquartered in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Genova Property Group reported revenue of kr 514M in FY2025 versus kr 320M in FY2021, a compound +12.6%/yr. Reported net income was kr 233M in FY2025, compounding −21.3%/yr from FY2021.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
514M SEK
Latest YoY
+1.2%
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.
+9.2%
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.
+13.9%
Avg. growth/yr (13Y) 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.
+25.8%
Revenue +12.6%/yr
FY21 kr 320M
FY22 kr 395M
FY23 kr 503M
FY24 kr 508M
FY25 kr 514M
Net income −21.3%/yr
FY21 kr 609M
FY22 kr 224M
FY23 −kr 451M
FY24 kr 124M
FY25 kr 233M
Character of growth · EPS growth decomposed (2014-2025) +2.9 % p.a.
Revenue per share +17.2 pp

of which total revenue +15.9 pp · buybacks/dilution +1.3 pp

EBIT margin +5.1 pp
Tax rate −0.8 pp
Residual (interest, one-offs) −18.7 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). "Genova Property Group Fair Value". https://www.fairvalue-calculator.com/stock/GPG

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 53 · Below median
Fair Value upside +40% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 2% · Below median
Net margin (TTM) 50% · Top 25%
Operating margin (TTM) 59% · Top 25%
Revenue growth -12% · Bottom 25%
Dividend yield (TTM) 2.4% · Below median
Debt / equity 1.92× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 7.1× · Cheaper than 75% of peers
P/B 0.60× · Cheaper than median
P/S (TTM) 3.33× · Pricier than median
P/FCF 2.1× · Pricier than median
EV/EBITDA 21.6× · Pricier than 75% of peers

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 87 · sector 37
FUTURE 0 · sector 10
PAST 28 · sector 16
HEALTH 4 · sector 85
DIVIDEND 48 · 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 16, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
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 Genova Property Group (GPG) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of kr 52.11 versus a price of kr 37.20, about +40% (undervalued).
What is the fair value of GPG?
Our model-based fair value for Genova Property Group is kr 52.11 (as of Jul 16, 2026), built from audited fundamentals. The current price is kr 37.20.
What is the quality score of GPG?
Genova Property Group has a Quality Score of 53/100. 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 Genova Property Group (GPG)?
Genova Property Group reported trailing-twelve-month revenue of about 537M SEK (latest available figure, as of Jul 16, 2026).
What is the net profit margin of GPG?
The net profit margin of Genova Property Group is about 49.5%, meaning it keeps roughly 49.5% of revenue as net income. Based on the latest reported figures.
Does Genova Property Group pay a dividend?
Genova Property Group currently shows a dividend yield of about 2.40% relative to its recent price (as of Jul 16, 2026).

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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