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K2A Knaust & Andersson Fastigheter AB (K2A-B) Fair Value & Analysis

Real Estate · SE · Market cap 363M SEK

KK K2A Knaust & Andersson Fastigheter AB K2A-B · ST
Pricekr 4.45
Fair Valuekr 10.80
Upside+142.7%
Quality61/100
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Strengths

Trades 143% below our fair value of kr 10.80
Highly profitable · 89.0% net margin
Moderate debt · generates free cash flow
Ranks above peers (10/13)

Risks

!Mixed Growth
!Moderate moat 62/100
Mixed Growth
Highly profitable · 89.0% net margin
Moderate debt · generates free cash flow
Ranks above peers (10/13)
Moderate moat 62/100
Evidence: High Range kr 7.82 – kr 13.50 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 8 days ago

Fair value updated Aug 13, 2026, revised from kr 10.58 to kr 10.80 (+2.1%) since Jul 19, 2026. Share price +9.1% over the past month.

A solid business, screening 143% undervalued on our models.

What runs behind every stock

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

What matters now

  • The price is below even our cautious bear case (kr 7.82). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) 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 79.09 kr 3.80 Fair Value kr 10.80 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range kr 3.80 – kr 79.09 · fair‑value band kr 7.82 – kr 13.50 · the kr 4.45 price screens below the kr 10.80 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

K2A Knaust & Andersson Fastigheter AB (K2A-B) currently trades at kr 4.45, while our model-based Fair Value estimate is kr 10.80, implying the stock looks roughly 142.7% undervalued today. The Quality Score stands at 61/100 (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, K2A Knaust & Andersson Fastigheter AB generated revenue of 250M SEK at a net margin of 89.0%. Revenue declined 31.4% year over year. It earns a return on equity of 10.1%. Net debt stands at 4.7B SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 7.82 (bear case) to kr 13.50 (bull case); at kr 4.45, 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 41% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at 143%, K2A-B 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 16.95 kr 36.75 kr 73.17 80
Residual Income kr 18.10 kr 20.08 kr 28.99 76
P/S Multiple kr 17.40 kr 23.20 kr 29.00 58
All 13 models by family
DCF Models
FCF DCF kr 18.97 kr 33.71 kr 77.73 38
5Y Revenue Exit kr 9.64 kr 25.16 kr 56.38 39
5Y EBITDA Exit kr 13.68 kr 33.54 kr 71.17 41
10Y Revenue Exit kr 11.83 kr 34.98 kr 53.08 36
10Y EBITDA Exit kr 15.12 kr 42.50 kr 92.17 37
Multiples
P/S Multiple kr 17.40 kr 23.20 kr 29.00 58
P/B Multiple kr 30.37 kr 40.49 kr 50.61 55
EV/EBIT kr 18.82 kr 29.44 kr 40.07 53
EV/EBITDA kr 11.69 kr 19.94 kr 28.19 54
EV/Revenue kr 4.43 kr 11.92 kr 19.42 43
Asset-Based
NCAV (Graham) kr 10.61 kr 14.22 kr 21.22 50
Growth DCF
Growth DCF kr 16.95 kr 36.75 kr 73.17 80
Economic Profit
Residual Income kr 18.10 kr 20.08 kr 28.99 76

Widest divergence: Growth DCF (kr 36.75) versus Asset-Based (kr 14.22). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 250M SEK
Revenue growth (YoY) -31.4%
Net margin 89.0%
Return on equity 10.1%
Free cash flow 202M SEK FY2025
P/E ratio 1.9 as of Jun 8, 2026
More key figures
Operating margin 52.0%
EPS (TTM) kr 2.10
EPS growth (YoY) +230%
Net debt 4.7B SEK FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 56 · Market factors (momentum, volatility) 15

Profitability 37
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 12
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 6
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 82
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

K2A Knaust & Andersson Fastigheter AB (publ) operates as a real estate company in Sweden. It owns, develops, and manages rental apartments, housing, and community properties. K2A Knaust & Andersson Fastigheter AB (publ) was incorporated in 2013 and is based in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

K2A Knaust & Andersson Fastigheter AB reported revenue of kr 307M in FY2025 versus kr 273M in FY2021, a compound +3.0%/yr. Reported net income was kr 205M in FY2025, compounding −27.9%/yr from FY2021.

Growth Quality 77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
307M SEK
Latest YoY
−28.2%
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.
−6.5%
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.
+8.7%
Avg. growth/yr (11Y) 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.
+33.5%
Revenue +3.0%/yr
FY21 kr 273M
FY22 kr 375M
FY23 kr 444M
FY24 kr 427M
FY25 kr 307M
Net income −27.9%/yr
FY21 kr 756M
FY22 kr 123M
FY23 −kr 537M
FY24 −kr 202M
FY25 kr 205M

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Cite: Fair Value Calculator (2026). "K2A Knaust & Andersson Fastigheter AB Fair Value". https://www.fairvalue-calculator.com/stock/K2A-B

Peer Group

Real Estate Services · 541 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 62 · Above median
Fair Value upside +143% · Top 25%
Return on equity (TTM) 10% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 89% · Top 25%
Operating margin (TTM) 52% · Above median
Revenue growth -31% · Bottom 25%
Debt / equity 0.79× · Higher than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 1.9× · Cheaper than 75% of peers
P/B 0.20× · Cheaper than 75% of peers
P/S (TTM) 1.45× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 13.4× · Cheaper 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 33
FUTURE0 · sector 10
PAST40 · sector 16
HEALTH61 · sector 85
DIVIDEND0 · sector 59

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 13, 2026).

Stock Price Fair Value vs Fair Value
Plaza S.A MALLPLAZA 3,989 CLP 4,571 CLP +15%
PT Solusi Tunas Pratama Tbk SUPR 43,850 IDR 15,049 IDR -66%
Cencosud Shopping S.A CENCOMALLS 2,412 CLP 2,976 CLP +23%
PT Sarana Menara Nusantara Tbk. owns and TOWR 422.00 IDR 1,012 IDR +140%
PT Metropolitan Kentjana Tbk MKPI 22,000 IDR 19,160 IDR -13%
PT Bangun Kosambi Sukses Tbk, CBDK 3,610 IDR 3,464 IDR -4%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 2,990 ARS +20%
PT Plaza Indonesia Realty Tbk PLIN 2,510 IDR 2,698 IDR +7%
PT MNC Tourism Indonesia Tbk, KPIG 74.00 IDR 122.12 IDR +65%
PT Indonesian Paradise Property Tbk INPP 770.00 IDR 291.52 IDR -62%

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Frequently asked questions

Is K2A Knaust & Andersson Fastigheter AB (K2A-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 10.80 versus a price of kr 4.45, about +143% (undervalued).
What is the fair value of K2A-B?
Our model-based fair value for K2A Knaust & Andersson Fastigheter AB is kr 10.80 (as of Aug 13, 2026), built from audited fundamentals. The current price: kr 4.45.
What is the quality score of K2A-B?
K2A Knaust & Andersson Fastigheter AB has a Quality Score of 61/100. 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 K2A Knaust & Andersson Fastigheter AB (K2A-B)?
K2A Knaust & Andersson Fastigheter AB reported trailing-twelve-month revenue of about 250M SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of K2A-B?
The net profit margin of K2A Knaust & Andersson Fastigheter AB is about 89.0%, meaning it keeps roughly 89.0% 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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