NEOBO FASTIGHETER (NEOBO) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of NEOBO FASTIGHETER SEK 9.46, price SEK 18.19, upside -48.0%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Neobo Fastigheter AB (publ) operates as a real estate company that owns, manages, and refines rental residential properties in Sweden. The company offers services in the areas of vacant apartments, premises, and parking lots. The company was formerly known as Amasten Fastighets AB (publ) and changed its name to Neobo Fastigheter AB (publ) in December 2022.
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Neobo Fastigheter AB (publ) operates as a real estate company that owns, manages, and refines rental residential properties in Sweden. The company offers services in the areas of vacant apartments, premises, and parking lots. The company was formerly known as Amasten Fastighets AB (publ) and changed its name to Neobo Fastigheter AB (publ) in December 2022. The company was incorporated in 1999 and is based in Stockholm, Sweden.
Stock analysis
NEOBO FASTIGHETER (NEOBO) currently trades at kr 18.19, while our model-based Fair Value estimate is kr 9.46, implying the stock looks roughly 92.3% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of kr 30.51 per share, and 2 of the 4 models we run sit above the kr 18.19 price.
Bear case: the Multiples group reads lowest at kr 9.46, and 2 of the 4 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 7.09 (bear) to kr 11.82 (bull), the price of kr 18.19 sits above 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.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
NEOBO FASTIGHETER reported revenue of 934M SEK in FY2025 versus 703M SEK in FY2021, a compound +7.4%/yr. Reported net income was 78.0M SEK in FY2025, compounding −62.8%/yr from FY2021.
Key figures
Market cap 2.6B SEK (≈ $267M) · P/E ratio 33.7 · P/S ratio 2.81 · EPS (TTM) kr 0.5400 · Net margin 8.4% · Return on equity 1.2% · Return on assets (EBIT) 2.1% · Operating margin 53.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 13% 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 −37% fair-value upside, at −48%, NEOBO screens richer than that median.
Fair Value models
Bear kr 7.09Fair Value kr 9.46Bull kr 11.82
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 0.3965 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.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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.9%
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.
+4.3%
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.
+14.4%
Start year 2020 (pandemic)
Revenue growth 9 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.
+15.9%
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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.
−29.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−29.0%
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.−29% vs −4%, slowing
Profit margin 2017 to 2022 ⓘ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.0% → 0%
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).
+37.6%
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 +34.9% a year for the price.
Price, fair value, quality and upside side by side.
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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 · 547 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−48% · Bottom 25%
Profitability
Return on equity (TTM)1% · Below median
Return on assets2% · Above median
Net margin (TTM)8% · Below median
Operating margin (TTM)53% · Top 25%
Growth and dividend
Revenue growth0% · Below median
Balance sheet
Debt / equity1.05× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (TTM)33.7× · Priciest 25%
P/B0.41× · Cheaper than median
P/S (TTM)2.82× · Pricier than median
P/FCF1.7× · Cheaper than median
EV/EBITDA21.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 37
FUTURE (revenue growth)0· sector 12
PAST (return on equity)5· sector 16
HEALTH (low debt)47· sector 83
DIVIDEND (yield)0· sector 65
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "NEOBO FASTIGHETER Fair Value". https://www.fairvalue-calculator.com/stock/NEOBO
Frequently asked questions
Is NEOBO FASTIGHETER (NEOBO) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 9.46 versus a price of kr 18.19, about −48% upside (overvalued).
What is the fair value of NEOBO?
Our model-based fair value for NEOBO FASTIGHETER is kr 9.46 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 18.19.
What is the quality score of NEOBO?
NEOBO FASTIGHETER 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 NEOBO FASTIGHETER (NEOBO)?
Our model-based price target is the fair value of kr 9.46 (as of Sep 24, 2026) from 5 valuation models. Cautious scenario kr 7.09, optimistic scenario kr 11.82. It is a calculation from audited fundamentals, not an analyst target.
What is the NEOBO FASTIGHETER stock forecast for 2026?
Our models put fair value at kr 9.46, about −48% upside versus a price of kr 18.19 (overvalued). Cautious scenario kr 7.09, optimistic scenario kr 11.82. The calculation is refreshed regularly with new filings.
What is the revenue of NEOBO FASTIGHETER (NEOBO)?
NEOBO FASTIGHETER reported trailing-twelve-month revenue of about 937M SEK (latest available figure, as of Sep 24, 2026).
What growth is priced into NEOBO FASTIGHETER (NEOBO)?
For today's price to be fair in a discounted-cash-flow model, NEOBO FASTIGHETER would have to grow free cash flow by +37.6 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of NEOBO use?
Our models discount NEOBO FASTIGHETER at 12.4 %: a base by market capitalisation (micro), damped by beta 0.96, 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 NEOBO FASTIGHETER that is +37.6 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has NEOBO FASTIGHETER (NEOBO) delivered so far?
Over the past 5 years revenue at NEOBO FASTIGHETER grew +14.4 % a year. The price currently implies +37.6 % 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 NEOBO FASTIGHETER (NEOBO) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into NEOBO FASTIGHETER (+37.6 % 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 NEOBO FASTIGHETER (NEOBO)?
The free-cash-flow yield on the price is 6.09 %: that much free cash flow NEOBO FASTIGHETER produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of NEOBO FASTIGHETER (NEOBO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NEOBO FASTIGHETER it is kr 9.46 per share (as of Sep 24, 2026), against a price of kr 18.19. It is the blended result of 5 valuation models (cash flow, earnings, asset, dividend).
Is NEOBO FASTIGHETER stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NEOBO trades above its calculated fair value: price kr 18.19, fair value kr 9.46, a gap of about −48% (overvalued). 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 NEOBO?
No. The price is what the market pays today (kr 18.19); the fair value is what the company's own numbers justify (kr 9.46). For NEOBO FASTIGHETER the two are kr 8.73 per share apart. That gap is exactly why we show both numbers side by side.
How much is NEOBO FASTIGHETER worth?
The market values NEOBO FASTIGHETER at about 2.6B SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 18.19; our models calculate a fair value of kr 9.46 per share.
What do the bullish and bearish scenarios say about NEOBO?
Our models span a range for NEOBO FASTIGHETER: cautious scenario kr 7.09, base kr 9.46, optimistic kr 11.82 per share (as of Sep 24, 2026, price kr 18.19). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NEOBO?
NEOBO FASTIGHETER trades at a price-to-earnings ratio of 33.7 (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 9.46 is built from several models across several years. Other multiples: P/B 0.4, P/S 2.8, EV/EBITDA 21.0.
How solid is the balance sheet of NEOBO FASTIGHETER (NEOBO)?
Balance-sheet figures for NEOBO FASTIGHETER (as of Sep 24, 2026): return on equity 1.2%, debt of 1.05 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is NEOBO from its 52-week high?
NEOBO FASTIGHETER trades at kr 18.19, about 13% below its 52-week high of kr 20.96 and 14% above the low of kr 15.95 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 9.46 is for.
Which stocks are comparable to NEOBO FASTIGHETER?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 NEOBO FASTIGHETER stock attractive at the current price?
The data as of Sep 24, 2026: price kr 18.19, calculated fair value kr 9.46 (−48%), Quality Score 62/100, from 5 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 NEOBO calculated?
We run NEOBO FASTIGHETER through 5 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 9.46, 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 13.0 % above its aggregate fair value. NEOBO FASTIGHETER itself currently trades above fair value. 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 NEOBO FASTIGHETER (NEOBO)?
The closing price on Sep 24, 2026 was kr 18.19. Our model-based fair value is kr 9.46, about −48% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NEOBO FASTIGHETER right now?
The price sits above even our optimistic bull case (kr 11.82). The favourable scenario is already priced in. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of NEOBO FASTIGHETER
How large is the market capitalisation of NEOBO FASTIGHETER (NEOBO)?
The market capitalisation of NEOBO FASTIGHETER is 2.6B SEK (≈ $267M). 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 NEOBO FASTIGHETER (NEOBO)?
The price-to-sales ratio of NEOBO FASTIGHETER is 2.81 (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 NEOBO FASTIGHETER (NEOBO)?
Earnings per share at NEOBO FASTIGHETER are kr 0.5400 (price ÷ EPS = P/E 33.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of NEOBO FASTIGHETER (NEOBO)?
The net margin of NEOBO FASTIGHETER is 8.4% (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 NEOBO FASTIGHETER (NEOBO)?
The return on equity (ROE) of NEOBO FASTIGHETER is 1.2% (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 NEOBO FASTIGHETER (NEOBO)?
On an EBIT basis the return on assets of NEOBO FASTIGHETER is 2.1% (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 NEOBO FASTIGHETER (NEOBO)?
The operating margin of NEOBO FASTIGHETER is 53.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast are earnings growing at NEOBO FASTIGHETER (NEOBO)?
Earnings per share at NEOBO FASTIGHETER are growing +126% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does NEOBO FASTIGHETER (NEOBO) carry?
The net debt of NEOBO FASTIGHETER is 6.7B SEK (fiscal year 2025, ≈ 41.6 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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