Heba Fastighets AB (HEBA-B) Fair Value & Analysis
Real Estate · SE · Market cap 3.7B SEK (≈ $390M) · ISIN SE0017911480
What is Heba Fastighets AB really worth?
A solid business, trading 9% below our fair value of kr 28.18.
Strengths
Risks
For context
Fair value as of: Sep 5, 2026
From 14 valuation models · updated today
Share price +4.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
- The price sits in the upper half of our model range, so the margin of safety is thin.
- The data supports the verdict: every model runs on fully documented inputs.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.
How to read this chart
60‑month range kr 21.19 – kr 75.20 · fair‑value band kr 21.13 – kr 28.34 · the kr 25.60 price screens below the kr 28.18 fair value. Dashed = 300-day average. As of Sep 5, 2026.
Analysis
Heba Fastighets AB (HEBA-B) currently trades at kr 25.60, while our model-based Fair Value estimate is kr 28.18, implying the stock looks roughly 9.2% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Real Estate sector. Bull case: the Economic Profit group reads highest at a median of kr 33.69 per share, and 5 of the 8 models we run sit above the kr 25.60 price. Bear case: the DCF Models group reads lowest at kr 3.72, and 3 of the 8 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Heba Fastighets AB generated revenue of 611M SEK at a net margin of 56.2%. Revenue grew 8.7% year over year. It earns a return on equity of 5.3%. Net debt stands at 6.6B SEK. Fundamentals as of Sep 5, 2026
Our scenario range runs from kr 21.13 (bear case) to kr 28.34 (bull case); at kr 25.60, 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 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 −23% fair-value upside, at 10%, HEBA-B screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 1.22 per share, which is 4.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 14 models by family
Widest divergence: Economic Profit (kr 33.69) versus DCF Models (kr 3.72). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 36
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Heba Fastighets AB (publ), together with its subsidiaries, engages in the real estate business in Sweden. It also develops, owns, manages, and leases youth housing, rental housing, nursing homes, and community properties in the Stockholm region and Mälardalen Valley. The company was incorporated in 1952 and is headquartered in Stockholm, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Heba Fastighets AB reported revenue of 605M SEK in FY2025 versus 450M SEK in FY2021, a compound +7.7%/yr. Reported net income was 289M SEK in FY2025, compounding −33.5%/yr from FY2021.
of which total revenue +8.0 % · buybacks/dilution +0.3 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Real Estate Services · 523 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.
Valuation Multiples vs Real Estate Services median · lower = cheaper
Strength profile in five axes (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.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CBRE Group CBRE | $148.74 | $69.47 | −53% |
| Vonovia SE VNA | €19.85 | €36.67 | +85% |
| Cellnex Telecom, S.A CLNX | €27.47 | €25.46 | −7% |
| KE Holdings BEKE | $17.42 | $6.57 | −62% |
| Jones Lang LaSalle Incorporated JLL | $378.01 | $290.25 | −23% |
| Swire Properties Limited 1972 | HK$24.84 | HK$5.12 | −79% |
| CoStar Group CSGP | $32.22 | $4.64 | −86% |
| China Resources Mixc Lifestyle Services Limited 1209 | HK$39.84 | HK$34.95 | −12% |
| CapitaLand Investment Limited 9CI | 2.66 SGD | 0.4900 SGD | −82% |
| Plaza S.A MALLPLAZA | 4,040 CLP | 4,571 CLP | +13% |
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