Sveafastigheter (SVEAF) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sveafastigheter stock SEK 27.14, price SEK 31.42, that is 13.6% below the price, quality 71 out of 100. Rating: overvalued. Calculated from audited financials with 14 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
25‑month range kr 28.85 – kr 45.98 · fair‑value band kr 5.43 – kr 78.03 · the kr 31.42 price screens above the kr 27.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Sveafastigheter AB (publ), a real estate company, owns, builds, and manages residential properties in Sweden. It operates in Property Management and New Development segments. The company also develops and manages rental apartments and condominiums.
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In addition, it engages in the project development and building rights activities. The company was founded in 2014 and is headquartered in Stockholm, Sweden. Sveafastigheter AB (publ) is a subsidiary of SBB i Norden AB (publ).
Stock analysis
Sveafastigheter (SVEAF) currently trades at kr 31.42, while our model-based Fair Value estimate is kr 27.14, 14% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of kr 49.42 per share, and 5 of the 13 models we run sit above the kr 31.42 price.
Bear case: the Multiples group reads lowest at kr 14.77, and 8 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 5.43 (bear) to kr 78.03 (bull), the price of kr 31.42 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 71/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sveafastigheter reported revenue of 1.5B SEK in FY2025 versus 8.7B SEK in FY2021, a compound −35.2%/yr. Reported net income was 84.0M SEK in FY2025, compounding −68.5%/yr from FY2021.
Key figures
Market cap 6.2B SEK (≈ $625M) Small · P/E ratio 13.9 · P/S ratio 3.91 · EPS (TTM) kr 2.26 · Net margin 28.6% · Return on equity 3.0% · Return on assets (EBIT) 6.4% (5-year average) · Operating margin 54.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −14%, SVEAF screens cheaper than that median.
Fair Value models
Bearkr 5.43Fair Value kr 27.14Bullkr 78.03
Price kr 31.42 · Downside -13.6%
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 (kr 1.93 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.95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.9%
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.
+15.3%
’21
’22
’23
’24
’25
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.
−67.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−67.2%
Dividend (yield on the price)0.0%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+19.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+13.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +16.9% a year for the price and +11.5% for the forecasts.
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 Score71 · Top 25%
Fair Value upside−13.6% · Below median
Profitability
Return on equity (12 months)3.0% · Below median
Return on assets0.3% · Below median
Net margin (12 months)28.6% · Above median
Operating margin (12 months)54.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)6.5% · Above median
Balance sheet
Debt / equity0.82× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (12 months)13.9× · Pricier than median
P/B0.41× · Cheapest 25%
P/S (12 months)3.91× · Pricier than median
Price / free cash flow (fiscal year)9.4× · Cheaper than median
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). "Sveafastigheter Fair Value". https://www.fairvalue-calculator.com/stock/SVEAF
Frequently asked questions
Is Sveafastigheter (SVEAF) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of kr 27.14 versus a price of kr 31.42, about 14% lower (overvalued).
What is the fair value of SVEAF?
Our model-based fair value for Sveafastigheter is kr 27.14 (as of Nov 6, 2026), built from audited fundamentals. The current price: kr 31.42.
What is the quality score of SVEAF?
Sveafastigheter has a Quality Score of 71/100. 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 Sveafastigheter (SVEAF)?
Our model-based price target is the fair value of kr 27.14 (as of Nov 6, 2026) from 14 valuation models. Cautious scenario kr 5.43, optimistic scenario kr 78.03. It is a calculation from audited fundamentals, not an analyst target.
What is the Sveafastigheter stock forecast for 2026?
Our models put fair value at kr 27.14, about 14% lower versus a price of kr 31.42 (overvalued). Cautious scenario kr 5.43, optimistic scenario kr 78.03. The calculation is refreshed regularly with new filings.
What is the revenue of Sveafastigheter (SVEAF)?
Sveafastigheter reported trailing-twelve-month revenue of about 1.6B SEK (latest available figure, as of Nov 6, 2026).
What growth is priced into Sveafastigheter (SVEAF)?
For today's price to be fair in a discounted-cash-flow model, Sveafastigheter would have to grow free cash flow by +19.2 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew -35.2 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of SVEAF use?
Our models discount Sveafastigheter at 11.0 %: a base by market capitalisation (small), 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 Sveafastigheter that is +19.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Sveafastigheter (SVEAF) delivered so far?
Over the past 4 years revenue at Sveafastigheter grew -35.2 % a year. The price currently implies free-cash-flow growth of +19.2 % per 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 Sveafastigheter (SVEAF) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Sveafastigheter (+19.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sveafastigheter (SVEAF)?
The free-cash-flow yield on the price is 10.62 %: that much free cash flow Sveafastigheter produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sveafastigheter (SVEAF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sveafastigheter it is kr 27.14 per share (as of Nov 6, 2026), against a price of kr 31.42. It is the blended result of 14 valuation models in 5 families (DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Sveafastigheter stock overvalued or undervalued in 2026?
As of Nov 6, 2026, SVEAF trades above its calculated fair value: price kr 31.42, fair value kr 27.14, a gap of about −14% (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 SVEAF?
No. The price is what the market pays today (kr 31.42); the fair value is what the company's own numbers justify (kr 27.14). For Sveafastigheter the two are kr 4.28 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sveafastigheter worth?
The market values Sveafastigheter at about 6.2B SEK (market capitalisation, as of Nov 6, 2026). Per share that is kr 31.42; our models calculate a fair value of kr 27.14 per share.
What do the bullish and bearish scenarios say about SVEAF?
Our models span a range for Sveafastigheter: cautious scenario kr 5.43, base kr 27.14, optimistic kr 78.03 per share (as of Nov 6, 2026, price kr 31.42). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SVEAF?
Sveafastigheter trades at a price-to-earnings ratio of 13.9 (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 kr 27.14 is built from several models across several years. Other multiples: P/B 0.4, P/S 3.9, EV/EBITDA 22.5.
How solid is the balance sheet of Sveafastigheter (SVEAF)?
Balance-sheet figures for Sveafastigheter (as of Nov 6, 2026): return on equity 3.0%, debt of 0.82 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is SVEAF from its 52-week high?
Sveafastigheter trades at kr 31.42, about 27% below its 52-week high of kr 43.06 and 9% above the low of kr 28.85 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 27.14 is for.
Which stocks are comparable to Sveafastigheter?
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 Sveafastigheter stock attractive at the current price?
The data as of Nov 6, 2026: price kr 31.42, calculated fair value kr 27.14 (−14%), Quality Score 71/100, 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 SVEAF calculated?
We run Sveafastigheter through 14 models from 5 families: DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 27.14 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. Sveafastigheter 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 Sveafastigheter (SVEAF)?
The closing price on Nov 6, 2026 was kr 31.42. Our model-based fair value is kr 27.14, about 14% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sveafastigheter right now?
The model range is unusually wide (kr 5.43 to kr 78.03). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (71/100) 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 Sveafastigheter
How large is the market capitalisation of Sveafastigheter (SVEAF)?
The market capitalisation of Sveafastigheter is 6.2B SEK (≈ $625M). 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 Sveafastigheter (SVEAF)?
The price-to-sales ratio of Sveafastigheter is 3.91 (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 Sveafastigheter (SVEAF)?
Earnings per share at Sveafastigheter are kr 2.26 (price ÷ EPS = P/E 13.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sveafastigheter (SVEAF)?
The net margin of Sveafastigheter is 28.6% (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 Sveafastigheter (SVEAF)?
The return on equity (ROE) of Sveafastigheter is 3.0% (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 Sveafastigheter (SVEAF)?
On an EBIT basis the return on assets of Sveafastigheter is 6.4% (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 Sveafastigheter (SVEAF)?
The operating margin of Sveafastigheter is 54.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sveafastigheter (SVEAF)?
Revenue at Sveafastigheter is growing +6.5% versus a year earlier (3y avg +15.3%). 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 Sveafastigheter (SVEAF)?
Earnings per share at Sveafastigheter are growing +631% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sveafastigheter (SVEAF) carry?
The net debt of Sveafastigheter is 12.5B SEK (fiscal year 2025, ≈ 19.1 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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Some data
Nov 6, 2026