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Intea Fastigheter AB (INTEA-B) Fair Value & Analysis

Real Estate · SE · Market cap 21.9B SEK (≈ $2.3B) · ISIN SE0017072259

What is Intea Fastigheter AB really worth?

IF Intea Fastigheter AB INTEA-B · ST
Pricekr 72.10
Fair Valuekr 42.75
Upside−40.7%
Quality31/100

Below-average quality, and trading another 69% above our fair value of kr 42.75.

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Strengths

Highly profitable · 91.1% net margin

Risks

!Weak Growth (revenue 5y +20.5 %/yr)
!Moderate debt · negative free cash flow
!Mixed vs. peers (6/13)
!Moderate moat 60/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 28 out of 100

For context

·1.39% dividend yield
Evidence: Medium Range kr 32.06 – kr 53.44

Fair value as of: Aug 27, 2026

From 4 valuation models · updated 8 days ago

Share price −2.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (kr 53.44). The favourable scenario is already priced in.
  • Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (21 months)

kr 80.73 kr 42.08 Fair Value kr 42.75 Dec 2024 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

21‑month range kr 42.08 – kr 80.73 · fair‑value band kr 32.06 – kr 53.44 · the kr 72.10 price screens above the kr 42.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Intea Fastigheter AB (INTEA-B) currently trades at kr 72.10, while our model-based Fair Value estimate is kr 42.75, implying the stock looks roughly 68.7% overvalued today. The Quality Score stands at 31/100 (below-average quality), in the Real Estate sector. Bull case: the Asset-Based group reads highest at a median of kr 40.70 per share, and 0 of the 4 models we run sit above the kr 72.10 price. Bear case: the Multiples group reads lowest at kr 5.28, and 4 of the 4 models stay below the price. Evidence for this calculation is medium.

Revenue grew 28.1% year over year. It earns a return on equity of 12.2%. Net debt stands at 13.1B SEK. The stock trades on a trailing P/E of 11.1 (as of Jul 16, 2026). Fundamentals as of Aug 27, 2026

Our scenario range runs from kr 32.06 (bear case) to kr 53.44 (bull case); at kr 72.10, the current price sits above 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 13% below its 52-week high and 17% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −23% fair-value upside, at −41%, INTEA-B screens richer 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 3.50 per share, which is 8.2 % 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.

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 best evidence kr 41.60 kr 38.66 kr 28.45 72
P/S Multiple kr 3.96 kr 5.28 kr 6.60 58
P/B Multiple kr 8.54 kr 11.39 kr 14.24 55
All 4 models by family
Multiples
P/S Multiple kr 3.96 kr 5.28 kr 6.60 58
P/B Multiple kr 8.54 kr 11.39 kr 14.24 55
Asset-Based
NCAV (Graham) kr 30.37 kr 40.70 kr 60.75 54
Economic Profit
Residual Income best evidence kr 41.60 kr 38.66 kr 28.45 72

Widest divergence: Asset-Based (kr 40.70) versus Multiples (kr 5.28). Highest evidence: Residual Income (72).

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Key figures & financial health

P/E ratio 11.1 as of Jul 16, 2026
P/S ratio 9.11 P/E × margin
EPS (TTM) kr 6.84 price ÷ EPS = P/E 11.1
Dividend yield 1.4% payout 14.6%
Net margin 82.4% FY2025
Return on equity 13.2% TTM
More key figures
Profitability
Return on assets (EBIT) 7.8% avg 5y
Operating margin 80.1% TTM
Growth
Revenue growth (YoY) +26.6% 3y avg −43.1%
EPS growth (YoY) +374%
Balance sheet & cash flow
Free cash flow −42.0M SEK FY2025
Net debt 13.1B SEK FY2025

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 33 · Market factors (momentum, volatility) 50

Profitability 28
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 0
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.

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

Intea Fastigheter AB (publ), an entrepreneurial real estate company, invests in developing and managing properties for social infrastructure in Sweden. The company's portfolio includes properties and projects in the categories of law enforcement, higher education, health care, and other public sector activities.

Full company description

Intea Fastigheter AB (publ), an entrepreneurial real estate company, invests in developing and managing properties for social infrastructure in Sweden. The company's portfolio includes properties and projects in the categories of law enforcement, higher education, health care, and other public sector activities. The company was incorporated in 2015 and is based in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Intea Fastigheter AB reported revenue of 169M SEK in FY2025 versus 80.8M SEK in FY2021, a compound +20.2%/yr. Reported net income was 139M SEK in FY2025, compounding −10.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
169M SEK
Latest YoY
+56.3%
Avg. revenue 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.
−43.1%
Avg. revenue 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.
+20.5%
Avg. revenue growth/yr (9Y) 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.
+33.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−41.2% · in SEK
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−42.6%
Dividend yield1.4%
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.69.9% (2020) → 79.9% (2025) · rising
Worst earnings drop170% (2023) (loss year, drop beyond 100%) · in SEK
Revenue +20.2%/yr
FY21 80.8M SEK
FY22 918M SEK
FY23 1.1B SEK
FY24 108M SEK
FY25 169M SEK
Net income −10.5%/yr
FY21 217M SEK
FY22 904M SEK
FY23 −631M SEK
FY24 52.3M SEK
FY25 139M SEK

INTEA-B screens 69% overvalued. Compare with CBRE Group →

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Cite: Fair Value Calculator (2026). "Intea Fastigheter AB Fair Value". https://www.fairvalue-calculator.com/stock/INTEA-B

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.

Quality Score 32 · Bottom 25%
Fair Value upside −41% · Bottom 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 91% · Top 25%
Operating margin (TTM) 80% · Top 25%
Revenue growth 27% · Top 25%
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.53× · Higher than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 11.1× · Cheaper than median
P/B 1.73× · Pricier than 75% of peers
P/S (TTM) 12.45× · Pricier than 75% of peers
EV/EBITDA 20.0× · Pricier than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 30
FUTURE100 · sector 11
PAST53 · sector 17
HEALTH74 · sector 84
DIVIDEND28 · sector 63

VALUE 0: the price sits above our fair-value range.

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

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 27, 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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Frequently asked questions

Is Intea Fastigheter AB (INTEA-B) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of kr 42.75 versus a price of kr 72.10, about −41% upside (overvalued).
What is the fair value of INTEA-B?
Our model-based fair value for Intea Fastigheter AB is kr 42.75 (as of Aug 27, 2026), built from audited fundamentals. The current price: kr 72.10.
What is the quality score of INTEA-B?
Intea Fastigheter AB has a Quality Score of 31/100. 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 net profit margin of INTEA-B?
The net profit margin of Intea Fastigheter AB is about 87.1%, meaning it keeps roughly 87.1% of revenue as net income. Based on the latest reported figures.
Does Intea Fastigheter AB pay a dividend?
Intea Fastigheter AB currently shows a dividend yield of about 1.39% relative to its recent price (as of Aug 27, 2026).
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