SF Urban Properties AG (SFPN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of SF Urban Properties AG stock CHF 75.59, price CHF 104, that is 27.0% below the price, quality 62 out of 100. Rating: overvalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 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 103.50 price screens above the CHF 75.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 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.
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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 103.50, while our model-based Fair Value estimate is CHF 75.59, 27% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of CHF 147.23 per share, and 2 of the 4 models we run sit above the CHF 103.50 price.
Bear case: the Asset-Based group reads lowest at CHF 100.31, and 2 of the 4 models stay below the price. Data coverage for this calculation is medium.
Scenario range: CHF 56.70 (bear) to CHF 94.49 (bull), the price of CHF 103.50 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 62/100 (solid quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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 599M Small · P/E ratio 8.1 · P/S ratio 5.78 · EPS (TTM) CHF 12.72 · Dividend yield 1.8% · Net margin 71.7% · Return on equity 10.7% · Return on assets (EBIT) 3.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 70 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 8% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −27%, SFPN screens richer than that median.
Fair Value models
BearCHF 56.70Fair Value CHF 75.59BullCHF 94.49
Price CHF 103.50 · Downside -27.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (CHF 9.31 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.Coverage ⓘCoverage = 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
+1.5%
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.
+13.7%
Revenue growth 18 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.
+12.9%
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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.13.2% vs 3.4%, 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 · 472 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−27.0% · Below median
Profitability
Return on equity (12 months)10.7% · Top 25%
Return on assets4.6% · Top 25%
Net margin (12 months)71.7% · Top 25%
Operating margin (12 months)50.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)−6.4% · Bottom 25%
Dividend yield (12 months)1.8% · Below median
Balance sheet
Debt / equity0.76× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (12 months)8.1× · Cheaper than median
P/B1.46× · Priciest 25%
P/S (12 months)10.07× · Priciest 25%
EV/EBITDA31.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 55
FUTURE (revenue growth)0· sector 19
PAST (return on equity)43· sector 19
HEALTH (low debt)62· sector 83
DIVIDEND (yield)35· sector 66
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 Nov 6, 2026, our model estimates a fair value of CHF 75.59 versus a price of CHF 103.50, about 27% lower (overvalued).
What is the fair value of SFPN?
Our model-based fair value for SF Urban Properties AG is CHF 75.59 (as of Nov 6, 2026), built from audited fundamentals. The current price: CHF 103.50.
What is the quality score of SFPN?
SF Urban Properties AG 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 SF Urban Properties AG (SFPN)?
Our model-based price target is the fair value of CHF 75.59 (as of Nov 6, 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 27% lower versus a price of CHF 103.50 (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 59.5M (latest available figure, as of Nov 6, 2026).
Does SF Urban Properties AG pay a dividend?
SF Urban Properties AG currently shows a dividend yield of 1.76% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of SF Urban Properties AG (SFPN) and when is the ex-dividend date?
SF Urban Properties AG pays a dividend of CHF 1.83 per share a year, a dividend yield of 1.8%. The last ex-dividend date was Apr 20, 2026. A dividend has been paid every year since at least 2009. The payout ratio is 14.3% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
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 Nov 6, 2026), against a price of CHF 103.50. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is SF Urban Properties AG stock overvalued or undervalued in 2026?
As of Nov 6, 2026, SFPN trades above its calculated fair value: price CHF 103.50, fair value CHF 75.59, a gap of about −27% (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 103.50); the fair value is what the company's own numbers justify (CHF 75.59). For SF Urban Properties AG the two are CHF 27.91 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 599M (market capitalisation, as of Nov 6, 2026). Per share that is CHF 103.50; 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 Nov 6, 2026, price CHF 103.50). 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 8.1 (as of Nov 6, 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. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 14.8. Other multiples: P/B 1.5, P/S 10.1, EV/EBITDA 31.9.
How solid is the balance sheet of SF Urban Properties AG (SFPN)?
Balance-sheet figures for SF Urban Properties AG (as of Nov 6, 2026): return on equity 10.7%, debt of 0.76 per unit of equity. They feed the Quality Score of 62/100, 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 103.50, about 4% below its 52-week high of CHF 108.09 and 8% above the low of CHF 95.90 (as of Nov 6, 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, Cellnex Telecom, S.A, 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 SF Urban Properties AG stock attractive at the current price?
The data as of Nov 6, 2026: price CHF 103.50, calculated fair value CHF 75.59 (−27%), Quality Score 62/100, 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 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of CHF 75.59 builds on their evidence-weighted average, 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. 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 Nov 6, 2026 was CHF 103.50. Our model-based fair value is CHF 75.59, about 27% lower (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 (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.
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 599M. 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 5.78 (last twelve months). 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 12.72 (price ÷ EPS = P/E 8.1). 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 71.7% (last twelve months). 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 10.7% (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 50.5% (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 −6.4% versus a year earlier (3y avg +1.5%). 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 SF Urban Properties AG (SFPN)?
Earnings per share at SF Urban Properties AG are growing −0.1% 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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Some data
Nov 6, 2026