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Swedish Logistic Property AB (SLP-B) Fair Value & Analysis

Real Estate · SE · Market cap 10.5B SEK (≈ $1.1B) · ISIN SE0017565476

What is Swedish Logistic Property AB really worth?

SL Swedish Logistic Property AB SLP-B · ST
Pricekr 36.30
Fair Valuekr 25.99
Upside−28.4%
Quality40/100

Below-average quality, and trading another 40% above our fair value of kr 25.99.

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Strengths

Highly profitable · 66.1% net margin
Moderate debt · generates free cash flow
Wide moat 68/100

Risks

!Expensive Growth (revenue 5y +60.3 %/yr)
!Mixed vs. peers (6/13)
!Evidence only medium, so the estimate is less certain
Evidence: Medium Range kr 17.28 – kr 32.79

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 22 days ago

Share price −2.2% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (kr 32.79). The favourable scenario is already priced in.
  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (kr 17.28 to kr 32.79) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (4 years)

kr 43.65 kr 22.50 Fair Value kr 25.99 Mar 2022 Sep 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

53‑month range kr 22.50 – kr 43.65 · fair‑value band kr 17.28 – kr 32.79 · the kr 36.30 price screens above the kr 25.99 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Swedish Logistic Property AB (SLP-B) currently trades at kr 36.30, while our model-based Fair Value estimate is kr 25.99, implying the stock looks roughly 39.6% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Real Estate sector. Bull case: the DCF Models group reads highest at a median of kr 31.97 per share, and 5 of the 13 models we run sit above the kr 36.30 price. Bear case: the Growth DCF group reads lowest at kr 21.30, and 8 of the 13 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Swedish Logistic Property AB generated revenue of 1.1B SEK at a net margin of 68.7%. Revenue grew 25.4% year over year. It earns a return on equity of 9.3%. Net debt stands at 9.0B SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 17.28 (bear case) to kr 32.79 (bull case); at kr 36.30, the current price sits above 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 17% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −23% fair-value upside, at −28%, SLP-B screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 1.87 per share, which is 7.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Residual Income kr 29.38 kr 31.86 kr 41.21 68
5Y Revenue Exit kr 14.73 kr 53.87 67
Rev-Margin DCF kr 21.30 kr 67.05 67
All 14 models by family
DCF Models
FCF DCF kr 6.82 kr 28.44 kr 97.26 66
5Y Revenue Exit kr 14.73 kr 53.87 67
5Y EBITDA Exit kr 13.59 kr 50.33 kr 122.47 64
10Y Revenue Exit kr 31.97 kr 52.48 62
10Y EBITDA Exit kr 12.47 kr 69.88 kr 171.34 57
Multiples
P/S Multiple kr 20.33 kr 27.11 kr 33.88 58
P/B Multiple kr 38.03 kr 50.71 kr 63.38 55
EV/EBIT kr 27.50 kr 46.96 kr 66.41 64
EV/EBITDA kr 14.34 kr 29.41 kr 44.48 64
EV/Revenue kr 7.08 50
Asset-Based
NCAV (Graham) kr 17.35 kr 23.25 kr 34.70 54
Growth DCF
Growth DCF kr 4.58 kr 39.49 kr 96.69 66
Rev-Margin DCF kr 21.30 kr 67.05 67
Economic Profit
Residual Income kr 29.38 kr 31.86 kr 41.21 68

Widest divergence: DCF Models (kr 31.97) versus Growth DCF (kr 21.30). Highest evidence: Residual Income (68).

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Key figures & financial health

P/E ratio 13.6 as of Jul 17, 2026
P/S ratio 9.70 P/E × margin
EPS (TTM) kr 2.75 price ÷ EPS = P/E 13.6
Net margin 71.5% FY2025
Return on equity 9.3% TTM
Return on assets (EBIT) 2.8% avg 5y
More key figures
Profitability
Operating margin 86.8% TTM
Growth
Revenue (TTM) 1.1B SEK TTM
Revenue growth (YoY) +22.9% 3y avg +35.2%
EPS growth (YoY) +0.1%
Balance sheet & cash flow
Free cash flow 545M SEK FY2025
Net debt 9.0B SEK FY2025 · ≈ 16.5 yrs of FCF

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

Quality Score breakdown

Overall quality 40/100

Of which business quality 40 · Market factors (momentum, volatility) 41

Profitability 37
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 0
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Swedish Logistic Property AB, a property company, acquires, develops, leases, and manages logistics properties in Sweden. The company was incorporated in 2018 and is headquartered in Malmö, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Swedish Logistic Property AB reported revenue of 1.0B SEK in FY2025 versus 268M SEK in FY2021, a compound +39.5%/yr. Reported net income was 726M SEK in FY2025, compounding −0.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.0B SEK
Latest YoY
+43.0%
Avg. revenue 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.
+35.2%
Avg. revenue 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.
+60.3%
Avg. revenue growth/yr (6Y) 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.
+93.9%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−8.3% (−8.3 + 0.0)
Revenue +39.5%/yr
FY21 268M SEK
FY22 411M SEK
FY23 585M SEK
FY24 710M SEK
FY25 1.0B SEK
Net income −0.9%/yr
FY21 752M SEK
FY22 419M SEK
FY23 308M SEK
FY24 587M SEK
FY25 726M SEK

SLP-B screens 40% overvalued. Compare with CBRE Group →

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Cite: Fair Value Calculator (2026). "Swedish Logistic Property AB Fair Value". https://www.fairvalue-calculator.com/stock/SLP-B

Peer Group

Real Estate Services · 523 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 41 · Bottom 25%
Fair Value upside −28% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 3% · Top 25%
Net margin (TTM) 66% · Top 25%
Operating margin (TTM) 87% · Top 25%
Revenue growth 23% · Top 25%
Debt / equity 0.96× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 13.6× · Pricier than median
P/B 1.25× · Pricier than median
P/S (TTM) 9.29× · Pricier than 75% of peers
P/FCF 2.0× · Cheaper than median
EV/EBITDA 18.6× · Pricier than median

Strength profile in five axes (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
VALUE0 · sector 30
FUTURE100 · sector 11
PAST37 · sector 17
HEALTH52 · sector 84
DIVIDEND0 · sector 63

VALUE 0: the price sits above our fair-value range.

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
CBRE Group CBRE $148.74 $69.47 −53%
Vonovia SE VNA €19.85 €36.67 +85%
Cellnex Telecom, S.A CLNX €27.47 €25.46 −7%
KE Holdings BEKE $17.42 $6.57 −62%
Jones Lang LaSalle Incorporated JLL $378.01 $290.25 −23%
Swire Properties Limited 1972 HK$24.84 HK$5.12 −79%
CoStar Group CSGP $32.22 $4.64 −86%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.84 HK$34.95 −12%
CapitaLand Investment Limited 9CI 2.66 SGD 0.4900 SGD −82%
Plaza S.A MALLPLAZA 4,040 CLP 4,571 CLP +13%

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Frequently asked questions

Is Swedish Logistic Property AB (SLP-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 25.99 versus a price of kr 36.30, about −28% upside (overvalued).
What is the fair value of SLP-B?
Our model-based fair value for Swedish Logistic Property AB is kr 25.99 (as of Aug 13, 2026), built from audited fundamentals. The current price: kr 36.30.
What is the quality score of SLP-B?
Swedish Logistic Property AB has a Quality Score of 40/100. 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 Swedish Logistic Property AB (SLP-B)?
Swedish Logistic Property AB reported trailing-twelve-month revenue of about 1.1B SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SLP-B?
The net profit margin of Swedish Logistic Property AB is about 68.7%, meaning it keeps roughly 68.7% of revenue as net income. Based on the latest reported figures.
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