SF Urban Properties AG (SFPN) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of SF Urban Properties AG CHF 75.59, price CHF 102, upside -25.5%, quality 55 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 23, 2026.
How to read this chart
60‑month range CHF 72.44 – CHF 108.09 · fair‑value band CHF 56.70 – CHF 94.49 · the CHF 101.50 price screens above the CHF 75.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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SF Urban Properties AG operates as a real estate company in Switzerland. It invests in residential, commercial, and development properties, as well as develops condominium and site projects. The company was formerly known as Swiss Finance & Property Investment AG and changed its name to SF Urban Properties AG in April 2019.
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SF Urban Properties AG operates as a real estate company in Switzerland. It invests in residential, commercial, and development properties, as well as develops condominium and site projects. The company was formerly known as Swiss Finance & Property Investment AG and changed its name to SF Urban Properties AG in April 2019. The company was founded in 2001 and is based in Zurich, Switzerland.
Stock analysis
SF Urban Properties AG (SFPN) currently trades at CHF 101.50, while our model-based Fair Value estimate is CHF 75.59, implying the stock looks roughly 34.3% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of CHF 138.73 per share, and 2 of the 4 models we run sit above the CHF 101.50 price.
Bear case: the Multiples group reads lowest at CHF 75.59, and 2 of the 4 models stay below the price. Evidence for this calculation is medium.
Scenario range: CHF 56.70 (bear) to CHF 94.49 (bull), the price of CHF 101.50 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 55/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
SF Urban Properties AG reported revenue of CHF 31.7M in FY2025 versus CHF 49.7M in FY2021, a compound −10.6%/yr. Reported net income was CHF 43.8M in FY2025, compounding +2.0%/yr from FY2021.
Key figures
Market cap CHF 590M · P/E ratio 7.8 · P/S ratio 10.8 · EPS (TTM) CHF 12.73 · Dividend yield 1.8% · Net margin 138% · Return on equity 11.2% · Return on assets (EBIT) 3.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 9% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at −26%, SFPN screens cheaper than that median.
Fair Value models
Bear CHF 56.70Fair Value CHF 75.59Bull CHF 94.49
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 (CHF 7.98 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.19/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−38.9%
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.
−20.8%
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.
−6.6%
Start year 2020 (pandemic). Over 10 years: +0.0% a year
Revenue growth 19 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.
+9.3%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+3.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.3%
Dividend (yield on the price)1.8%
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.13% vs 3%, picking up
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.71% → −17%
2025 sits 167% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−25% · Below median
Profitability
Return on equity (TTM)11% · Top 25%
Return on assets2% · Above median
Net margin (TTM)69% · Top 25%
Operating margin (TTM)44% · Above median
Growth and dividend
Revenue growth6% · Above median
Dividend yield (TTM)1.8% · Below median
Balance sheet
Debt / equity0.76× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (TTM)7.8× · Cheaper than median
P/B1.75× · Priciest 25%
P/S (TTM)11.64× · Priciest 25%
EV/EBITDA37.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 38
FUTURE (revenue growth)28· sector 12
PAST (return on equity)45· sector 16
HEALTH (low debt)62· sector 83
DIVIDEND (yield)36· sector 64
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). "SF Urban Properties AG Fair Value". https://www.fairvalue-calculator.com/stock/SFPN
Frequently asked questions
Is SF Urban Properties AG (SFPN) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of CHF 75.59 versus a price of CHF 101.50, about −26% upside (overvalued).
What is the fair value of SFPN?
Our model-based fair value for SF Urban Properties AG is CHF 75.59 (as of Sep 23, 2026), built from audited fundamentals. The current price: CHF 101.50.
What is the quality score of SFPN?
SF Urban Properties AG has a Quality Score of 55/100. 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 SF Urban Properties AG (SFPN)?
Our model-based price target is the fair value of CHF 75.59 (as of Sep 23, 2026) from 4 valuation models. Cautious scenario CHF 56.70, optimistic scenario CHF 94.49. It is a calculation from audited fundamentals, not an analyst target.
What is the SF Urban Properties AG stock forecast for 2026?
Our models put fair value at CHF 75.59, about −26% upside versus a price of CHF 101.50 (overvalued). Cautious scenario CHF 56.70, optimistic scenario CHF 94.49. The calculation is refreshed regularly with new filings.
What is the revenue of SF Urban Properties AG (SFPN)?
SF Urban Properties AG reported trailing-twelve-month revenue of about CHF 61.5M (latest available figure, as of Sep 23, 2026).
Does SF Urban Properties AG pay a dividend?
SF Urban Properties AG currently shows a dividend yield of about 1.80% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of SF Urban Properties AG (SFPN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SF Urban Properties AG it is CHF 75.59 per share (as of Sep 23, 2026), against a price of CHF 101.50. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is SF Urban Properties AG stock overvalued or undervalued in 2026?
As of Sep 23, 2026, SFPN trades above its calculated fair value: price CHF 101.50, fair value CHF 75.59, a gap of about −26% (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 SFPN?
No. The price is what the market pays today (CHF 101.50); the fair value is what the company's own numbers justify (CHF 75.59). For SF Urban Properties AG the two are CHF 25.91 per share apart. That gap is exactly why we show both numbers side by side.
How much is SF Urban Properties AG worth?
The market values SF Urban Properties AG at about CHF 590M (market capitalisation, as of Sep 23, 2026). Per share that is CHF 101.50; our models calculate a fair value of CHF 75.59 per share.
What do the bullish and bearish scenarios say about SFPN?
Our models span a range for SF Urban Properties AG: cautious scenario CHF 56.70, base CHF 75.59, optimistic CHF 94.49 per share (as of Sep 23, 2026, price CHF 101.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SFPN?
SF Urban Properties AG trades at a price-to-earnings ratio of 7.8 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 75.59 is built from several models across several years. Other multiples: P/B 1.8, P/S 11.6, EV/EBITDA 37.2.
How solid is the balance sheet of SF Urban Properties AG (SFPN)?
Balance-sheet figures for SF Urban Properties AG (as of Sep 23, 2026): return on equity 11.2%, debt of 0.76 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is SFPN from its 52-week high?
SF Urban Properties AG trades at CHF 101.50, about 6% below its 52-week high of CHF 108.09 and 9% above the low of CHF 92.76 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 75.59 is for.
Which stocks are comparable to SF Urban Properties AG?
From the same area (Real Estate) we also value CBRE Group, Vonovia SE, Cellnex Telecom, S.A, KE Holdings, 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 SF Urban Properties AG stock attractive at the current price?
The data as of Sep 23, 2026: price CHF 101.50, calculated fair value CHF 75.59 (−26%), Quality Score 55/100, from 4 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 SFPN calculated?
We run SF Urban Properties AG through 4 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 CHF 75.59, 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 14.1 % above its aggregate fair value. SF Urban Properties AG 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 SF Urban Properties AG (SFPN)?
The closing price on Sep 23, 2026 was CHF 101.50. Our model-based fair value is CHF 75.59, about −26% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SF Urban Properties AG right now?
The price sits above even our optimistic bull case (CHF 94.49). The favourable scenario is already priced in. Solid but not exceptional quality (55/100) 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.
Where does the earnings growth of SF Urban Properties AG (SFPN) come from?
Earnings per share at SF Urban Properties AG grew −12.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.5 %, EBIT margin −9.4 %, tax rate +1.9 %, residual (interest, one-offs) −8.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of SF Urban Properties AG
How large is the market capitalisation of SF Urban Properties AG (SFPN)?
The market capitalisation of SF Urban Properties AG is CHF 590M. 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 SF Urban Properties AG (SFPN)?
The price-to-sales ratio of SF Urban Properties AG is 10.8 (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 SF Urban Properties AG (SFPN)?
Earnings per share at SF Urban Properties AG are CHF 12.73 (price ÷ EPS = P/E 7.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SF Urban Properties AG (SFPN)?
The dividend yield of SF Urban Properties AG is 1.8% (payout 14.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SF Urban Properties AG (SFPN)?
The net margin of SF Urban Properties AG is 138% (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 SF Urban Properties AG (SFPN)?
The return on equity (ROE) of SF Urban Properties AG is 11.2% (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 SF Urban Properties AG (SFPN)?
On an EBIT basis the return on assets of SF Urban Properties AG is 3.1% (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 SF Urban Properties AG (SFPN)?
The operating margin of SF Urban Properties AG is 44.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SF Urban Properties AG (SFPN)?
Revenue at SF Urban Properties AG is growing +5.6% versus a year earlier (3y avg −20.8%). 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 SF Urban Properties AG (SFPN)?
Earnings per share at SF Urban Properties AG are growing +117% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SF Urban Properties AG (SFPN) generate?
The free cash flow of SF Urban Properties AG is −CHF 15.3M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does SF Urban Properties AG (SFPN) carry?
The net debt of SF Urban Properties AG is CHF 436M (fiscal year 2025). 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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