Solnaberg Property AB (SOLNA) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Solnaberg Property AB SEK 206, price SEK 118, upside +74.2%, quality 46 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 69.64 – kr 131.91 · fair‑value band kr 102.83 – kr 440.60 · the kr 118.00 price screens below the kr 205.55 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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Solnaberg Property AB (publ) operates as a real estate company in Sweden. The company owns, manages, and leases the Solna Bladet 3 property with a lettable area of approximately 31,300 square meters. It also operates care facilities, warehouses, garages, and parking lots.
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Solnaberg Property AB (publ) operates as a real estate company in Sweden. The company owns, manages, and leases the Solna Bladet 3 property with a lettable area of approximately 31,300 square meters. It also operates care facilities, warehouses, garages, and parking lots. Solnaberg Property AB (publ) was incorporated in 2015 and is based in Gothenburg, Sweden.
Stock analysis
Solnaberg Property AB (SOLNA) currently trades at kr 118.00, while our model-based Fair Value estimate is kr 205.55, implying the stock looks roughly 42.6% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 213.33 per share, and 9 of the 14 models we run sit above the kr 118.00 price.
Bear case: the Growth DCF group reads lowest at kr 56.15, and 5 of the 14 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 102.83 (bear) to kr 440.60 (bull), the price of kr 118.00 sits inside 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 46/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Solnaberg Property AB reported revenue of 83.3M SEK in FY2025 versus 64.2M SEK in FY2021, a compound +6.7%/yr. Reported net income was 47.6M SEK in FY2025, compounding +74.8%/yr from FY2021.
Key figures
Market cap 444M SEK (≈ $44.7M) · P/E ratio 9.3 · P/S ratio 5.33 · EPS (TTM) kr 12.65 · Dividend yield 6.8% · Net margin 57.1% · Return on equity 7.9% · Return on assets (EBIT) 2.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 11% 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 74%, SOLNA screens cheaper than that median.
Fair Value models
Bear kr 102.83Fair Value kr 205.55Bull kr 440.60
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 3.41 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
+9.0%
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.
+5.8%
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.
+23.5%
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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.
+66.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+59.5%
Dividend (yield on the price)6.8%
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.20% → 72%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+7.7%
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 +5.6% 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 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+74% · Top 25%
Profitability
Return on equity (TTM)8% · Above median
Return on assets3% · Above median
Net margin (TTM)57% · Top 25%
Operating margin (TTM)74% · Top 25%
Growth and dividend
Revenue growth4% · Above median
Dividend yield (TTM)6.8% · Top 25%
Balance sheet
Debt / equity0.90× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Solnaberg Property AB Fair Value". https://www.fairvalue-calculator.com/stock/SOLNA
Frequently asked questions
Is Solnaberg Property AB (SOLNA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 205.55 versus a price of kr 118.00, about +74% upside (undervalued).
What is the fair value of SOLNA?
Our model-based fair value for Solnaberg Property AB is kr 205.55 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 118.00.
What is the quality score of SOLNA?
Solnaberg Property AB has a Quality Score of 46/100. 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 Solnaberg Property AB (SOLNA)?
Our model-based price target is the fair value of kr 205.55 (as of Sep 24, 2026) from 14 valuation models. Cautious scenario kr 102.83, optimistic scenario kr 440.60. It is a calculation from audited fundamentals, not an analyst target.
What is the Solnaberg Property AB stock forecast for 2026?
Our models put fair value at kr 205.55, about +74% upside versus a price of kr 118.00 (undervalued). Cautious scenario kr 102.83, optimistic scenario kr 440.60. The calculation is refreshed regularly with new filings.
What is the revenue of Solnaberg Property AB (SOLNA)?
Solnaberg Property AB reported trailing-twelve-month revenue of about 83.3M SEK (latest available figure, as of Sep 24, 2026).
Does Solnaberg Property AB pay a dividend?
Solnaberg Property AB currently shows a dividend yield of about 6.78% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Solnaberg Property AB (SOLNA)?
For today's price to be fair in a discounted-cash-flow model, Solnaberg Property AB would have to grow free cash flow by +7.7 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of SOLNA use?
Our models discount Solnaberg Property AB at 8.3 %: a base by market capitalisation (nano), damped by beta 0.34, 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 Solnaberg Property AB that is +7.7 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has Solnaberg Property AB (SOLNA) delivered so far?
Over the past 5 years revenue at Solnaberg Property AB grew +5.8 % a year. The price currently implies +7.7 % 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 Solnaberg Property AB (SOLNA) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Solnaberg Property AB (+7.7 % 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 Solnaberg Property AB (SOLNA)?
The free-cash-flow yield on the price is 9.80 %: that much free cash flow Solnaberg Property AB produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Solnaberg Property AB (SOLNA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Solnaberg Property AB it is kr 205.55 per share (as of Sep 24, 2026), against a price of kr 118.00. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Solnaberg Property AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SOLNA trades below its calculated fair value: price kr 118.00, fair value kr 205.55, a gap of about +74% (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 SOLNA?
No. The price is what the market pays today (kr 118.00); the fair value is what the company's own numbers justify (kr 205.55). For Solnaberg Property AB the two are kr 87.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Solnaberg Property AB worth?
The market values Solnaberg Property AB at about 444M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 118.00; our models calculate a fair value of kr 205.55 per share.
What do the bullish and bearish scenarios say about SOLNA?
Our models span a range for Solnaberg Property AB: cautious scenario kr 102.83, base kr 205.55, optimistic kr 440.60 per share (as of Sep 24, 2026, price kr 118.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SOLNA?
Solnaberg Property AB trades at a price-to-earnings ratio of 9.3 (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 205.55 is built from several models across several years. Other multiples: P/B 0.7, P/S 5.3, EV/EBITDA 11.7.
How solid is the balance sheet of Solnaberg Property AB (SOLNA)?
Balance-sheet figures for Solnaberg Property AB (as of Sep 24, 2026): return on equity 7.9%, debt of 0.90 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is SOLNA from its 52-week high?
Solnaberg Property AB trades at kr 118.00, about 2% below its 52-week high of kr 120.69 and 11% above the low of kr 106.28 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 205.55 is for.
Which stocks are comparable to Solnaberg Property AB?
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 Solnaberg Property AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 118.00, calculated fair value kr 205.55 (+74%), Quality Score 46/100, from 14 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 SOLNA calculated?
We run Solnaberg Property AB through 14 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 205.55, 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 14.0 % above its aggregate fair value. Solnaberg Property AB currently trades 74 % 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 Solnaberg Property AB (SOLNA)?
The closing price on Sep 24, 2026 was kr 118.00. Our model-based fair value is kr 205.55, about +74% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Solnaberg Property AB right now?
The model range is unusually wide (kr 102.83 to kr 440.60). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (46/100) 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 Solnaberg Property AB
How large is the market capitalisation of Solnaberg Property AB (SOLNA)?
The market capitalisation of Solnaberg Property AB is 444M SEK (≈ $44.7M). 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 Solnaberg Property AB (SOLNA)?
The price-to-sales ratio of Solnaberg Property AB is 5.33 (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 Solnaberg Property AB (SOLNA)?
Earnings per share at Solnaberg Property AB are kr 12.65 (price ÷ EPS = P/E 9.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Solnaberg Property AB (SOLNA)?
The dividend yield of Solnaberg Property AB is 6.8% (payout 63.2%). 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 Solnaberg Property AB (SOLNA)?
The net margin of Solnaberg Property AB is 57.1% (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 Solnaberg Property AB (SOLNA)?
The return on equity (ROE) of Solnaberg Property AB is 7.9% (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 Solnaberg Property AB (SOLNA)?
On an EBIT basis the return on assets of Solnaberg Property AB is 2.9% (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 Solnaberg Property AB (SOLNA)?
The operating margin of Solnaberg Property AB is 73.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Solnaberg Property AB (SOLNA)?
Revenue at Solnaberg Property AB is growing +4.1% versus a year earlier (3y avg +9.0%). 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 Solnaberg Property AB (SOLNA)?
Earnings per share at Solnaberg Property AB are growing +22.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Solnaberg Property AB (SOLNA) carry?
The net debt of Solnaberg Property AB is 512M SEK (fiscal year 2025, ≈ 11.8 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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