K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of K2A Knaust & Andersson Fastigheter AB (publ) SEK 250, price SEK 96.00, upside +160.4%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range kr 84.58 – kr 260.50 · fair‑value band kr 136.47 – kr 446.48 · the kr 96.00 price screens below the kr 250.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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.
Stock analysis
K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF) currently trades at kr 96.00, while our model-based Fair Value estimate is kr 250.00, implying the stock looks roughly 61.6% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 1,862 per share, and 13 of the 13 models we run sit above the kr 96.00 price.
Bear case: the Asset-Based group reads lowest at kr 525.88, and 0 of the 13 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 136.47 (bear) to kr 446.48 (bull), the price of kr 96.00 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
K2A Knaust & Andersson Fastigheter AB (publ) reported revenue of 307M SEK in FY2025 versus 273M SEK in FY2021, a compound +3.0%/yr. Reported net income was 205M SEK in FY2025, compounding −27.9%/yr from FY2021.
Key figures
Market cap 82.2M SEK (≈ $8.2M) · P/E ratio 14.3 · P/S ratio 9.56 · EPS (TTM) kr 8.44 · Net margin 66.7% · Return on equity 10.1% · Return on assets (EBIT) 4.4% · Operating margin 52.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at 160%, K2A-PREF screens cheaper than that median.
Fair Value models
Bear kr 136.47Fair Value kr 250.00Bull kr 446.48
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 6.38 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−28.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−6.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.7%
Start year 2020 (pandemic). Over 10 years: +29.7% a year
Revenue growth 11 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+33.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−3.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.5%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3.5% vs 5.5%, slowing
Profit margin 2020 to 2025 ⓘ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.157% → 54%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+36.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +34.0% a year for the price.
Compare K2A Knaust & Andersson Fastigheter AB (publ) with another stock
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Peer Groupⓘ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.Real Estate Services · 530 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside+150.1% · Top 25%
Profitability
Return on equity (TTM)10.1% · Top 25%
Return on assets0.9% · Below median
Net margin (TTM)89.0% · Top 25%
Operating margin (TTM)52.0% · Above median
Growth and dividend
Revenue growth−31.4% · Bottom 25%
Balance sheet
Debt / equity0.79× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "K2A Knaust & Andersson Fastigheter AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/K2A-PREF
Frequently asked questions
Is K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 250.00 versus a price of kr 96.00, about +160% upside (undervalued).
What is the fair value of K2A-PREF?
Our model-based fair value for K2A Knaust & Andersson Fastigheter AB (publ) is kr 250.00 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 96.00.
What is the quality score of K2A-PREF?
K2A Knaust & Andersson Fastigheter AB (publ) has a Quality Score of 62/100. 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 price target for K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
Our model-based price target is the fair value of kr 250.00 (as of Sep 24, 2026) from 13 valuation models. Cautious scenario kr 136.47, optimistic scenario kr 446.48. It is a calculation from audited fundamentals, not an analyst target.
What is the K2A Knaust & Andersson Fastigheter AB (publ) stock forecast for 2026?
Our models put fair value at kr 250.00, about +160% upside versus a price of kr 96.00 (undervalued). Cautious scenario kr 136.47, optimistic scenario kr 446.48. The calculation is refreshed regularly with new filings.
What is the revenue of K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
K2A Knaust & Andersson Fastigheter AB (publ) reported trailing-twelve-month revenue of about 250M SEK (latest available figure, as of Sep 24, 2026).
What growth is priced into K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
For today's price to be fair in a discounted-cash-flow model, K2A Knaust & Andersson Fastigheter AB (publ) would have to grow free cash flow by +36.6 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of K2A-PREF use?
Our models discount K2A Knaust & Andersson Fastigheter AB (publ) at 11.9 %: a base by market capitalisation (nano), damped by beta 2.14, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For K2A Knaust & Andersson Fastigheter AB (publ) that is +36.6 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF) delivered so far?
Over the past 5 years revenue at K2A Knaust & Andersson Fastigheter AB (publ) grew +8.7 % a year. The price currently implies +36.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into K2A Knaust & Andersson Fastigheter AB (publ) (+36.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
The free-cash-flow yield on the price is 2.45 %: that much free cash flow K2A Knaust & Andersson Fastigheter AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For K2A Knaust & Andersson Fastigheter AB (publ) it is kr 250.00 per share (as of Sep 24, 2026), against a price of kr 96.00. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is K2A Knaust & Andersson Fastigheter AB (publ) stock overvalued or undervalued in 2026?
As of Sep 24, 2026, K2A-PREF trades below its calculated fair value: price kr 96.00, fair value kr 250.00, a gap of about +160% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of K2A-PREF?
No. The price is what the market pays today (kr 96.00); the fair value is what the company's own numbers justify (kr 250.00). For K2A Knaust & Andersson Fastigheter AB (publ) the two are kr 154.00 per share apart. That gap is exactly why we show both numbers side by side.
How much is K2A Knaust & Andersson Fastigheter AB (publ) worth?
The market values K2A Knaust & Andersson Fastigheter AB (publ) at about 82.2M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 96.00; our models calculate a fair value of kr 250.00 per share.
What do the bullish and bearish scenarios say about K2A-PREF?
Our models span a range for K2A Knaust & Andersson Fastigheter AB (publ): cautious scenario kr 136.47, base kr 250.00, optimistic kr 446.48 per share (as of Sep 24, 2026, price kr 96.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of K2A-PREF?
K2A Knaust & Andersson Fastigheter AB (publ) trades at a price-to-earnings ratio of 14.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 250.00 is built from several models across several years.
How solid is the balance sheet of K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
Balance-sheet figures for K2A Knaust & Andersson Fastigheter AB (publ) (as of Sep 24, 2026): return on equity 10.1%, debt of 0.79 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is K2A-PREF from its 52-week high?
K2A Knaust & Andersson Fastigheter AB (publ) trades at kr 96.00, about 38% below its 52-week high of kr 155.00 and at the low of kr 95.60 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 250.00 is for.
Which stocks are comparable to K2A Knaust & Andersson Fastigheter AB (publ)?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, KE Holdings, Swire Properties Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is K2A Knaust & Andersson Fastigheter AB (publ) stock attractive at the current price?
The data as of Sep 24, 2026: price kr 96.00, calculated fair value kr 250.00 (+160%), Quality Score 62/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of K2A-PREF calculated?
We run K2A Knaust & Andersson Fastigheter AB (publ) through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 250.00, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. K2A Knaust & Andersson Fastigheter AB (publ) currently trades 62 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
The closing price on Oct 2, 2026 was kr 96.00. Our model-based fair value is kr 250.00, about +160% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with K2A Knaust & Andersson Fastigheter AB (publ) right now?
The price is below even our cautious bear case (kr 136.47). The market is more pessimistic than our downside scenario. The model range is unusually wide (kr 136.47 to kr 446.48). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (62/100) 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.
Key figures of K2A Knaust & Andersson Fastigheter AB (publ)
How large is the market capitalisation of K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
The market capitalisation of K2A Knaust & Andersson Fastigheter AB (publ) is 82.2M SEK (≈ $8.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
The price-to-sales ratio of K2A Knaust & Andersson Fastigheter AB (publ) is 9.56 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
Earnings per share at K2A Knaust & Andersson Fastigheter AB (publ) are kr 8.44 (price ÷ EPS = P/E 14.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
The net margin of K2A Knaust & Andersson Fastigheter AB (publ) is 66.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
The return on equity (ROE) of K2A Knaust & Andersson Fastigheter AB (publ) is 10.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
On an EBIT basis the return on assets of K2A Knaust & Andersson Fastigheter AB (publ) is 4.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
The operating margin of K2A Knaust & Andersson Fastigheter AB (publ) is 52.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
Revenue at K2A Knaust & Andersson Fastigheter AB (publ) is growing −31.4% versus a year earlier (3y avg −6.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF)?
Earnings per share at K2A Knaust & Andersson Fastigheter AB (publ) are growing +230% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does K2A Knaust & Andersson Fastigheter AB (publ) (K2A-PREF) carry?
The net debt of K2A Knaust & Andersson Fastigheter AB (publ) is 4.7B SEK (fiscal year 2025, ≈ 23.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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