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Swiss Properties Invest A/S (SWISS) Fair Value & Analysis

Real Estate · DK · Market cap 251M DKK

SP Swiss Properties Invest A/S SWISS · CO
Pricekr 102.00
Fair Valuekr 101.53
Upside-0.5%
Quality46/100
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Strengths

Highly profitable · 67.1% net margin
Moderate debt · generates free cash flow
Wide moat 65/100

Risks

!Expensive Growth (revenue 3y +88.9 %/yr)
!Mixed vs. peers (6/13)
!Weak on future: 18 out of 100
Expensive Growth (revenue 3y +88.9 %/yr)
Highly profitable · 67.1% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (6/13)
Wide moat 65/100
Evidence: High Range kr 76.15 – kr 112.56 Share as image

Fair value as of: Aug 27, 2026

From 10 valuation models · updated today

Fair value updated Aug 27, 2026, revised from kr 13.56 to kr 101.53 (+648.7%) since Aug 13, 2026. Share price −1.9% over the past month.

Below-average quality, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (4 years)

kr 124.50 kr 73.50 Fair Value kr 101.53 Jul 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

49‑month range kr 73.50 – kr 124.50 · fair‑value band kr 76.15 – kr 112.56 · the kr 102.00 price screens above the kr 101.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Swiss Properties Invest A/S (SWISS) currently trades at kr 102.00, while our model-based Fair Value estimate is kr 101.53, implying the stock looks roughly 0.5% fairly valued today. The Quality Score stands at 46/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Swiss Properties Invest A/S generated revenue of 37.9M DKK at a net margin of 67.1%. Revenue grew 3.6% year over year. It earns a return on equity of 7.9%. Net debt stands at 420M DKK. Fundamentals as of Aug 27, 2026

Our scenario range runs from kr 76.15 (bear case) to kr 112.56 (bull case); at kr 102.00, the current price sits within 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 7% below its 52-week high and 16% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -25% fair-value upside, at 0%, SWISS screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Rev-Margin DCF kr 107.32 74
Residual Income kr 101.30 kr 103.26 kr 100.11 61
P/S Multiple kr 76.15 kr 101.53 kr 126.92 58
All 10 models by family
DCF Models
5Y Revenue Exit kr 70.98 39
5Y EBITDA Exit kr 31.50 41
10Y Revenue Exit kr 11.26 36
10Y EBITDA Exit kr 56.23 37
Multiples
P/S Multiple kr 76.15 kr 101.53 kr 126.92 58
P/B Multiple kr 131.85 kr 175.80 kr 219.75 55
EV/EBIT kr 54.66 kr 110.22 53
Asset-Based
NCAV (Graham) kr 68.58 kr 91.89 kr 137.15 50
Growth DCF
Rev-Margin DCF kr 107.32 74
Economic Profit
Residual Income kr 101.30 kr 103.26 kr 100.11 61

Widest divergence: Economic Profit (kr 103.26) versus Asset-Based (kr 91.89). Highest evidence: Rev-Margin DCF (74).

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Key figures & financial health

P/E ratio 9.2
P/S ratio 6.56 TTM
Net margin 67.1% TTM
Return on equity 7.9% TTM
Return on assets 2.0% TTM
Operating margin 65.5% TTM
More key figures
Profitability
EPS (TTM) kr 11.10
Growth
Revenue (TTM) 37.9M DKK TTM
Revenue growth (YoY) +3.6% 3y avg +88.9%
EPS growth (YoY) -66.0%
Balance sheet & cash flow
Free cash flow 6.9M DKK FY2025
Net debt 420M DKK FY2025 · ≈ 61.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 45 · Market factors (momentum, volatility) 58

Profitability 36
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 72
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

Swiss Properties Invest A/S owns, acquires, operates, develops, and optimizes commercial properties in Switzerland. It is also involved in renting out commercial space. Swiss Properties Invest A/S was incorporated in 2021 and is based in Copenhagen, Denmark.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Swiss Properties Invest A/S reported revenue of kr 38.4M in FY2025 versus kr 5.7M in FY2022, a compound +88.9%/yr. Reported net income was kr 25.4M in FY2025.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
38.4M DKK
Latest YoY
+100.4%
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.
+88.9%
Value creation/yr (3Y) Earnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year.
+23.0% (23.0 + 0.0)
Revenue +88.9%/yr
FY22 kr 5.7M
FY23 kr 20.2M
FY24 kr 19.2M
FY25 kr 38.4M
Net income
FY21 −kr 90.6K
FY22 −kr 5.6M
FY23 kr 13.3M
FY24 kr 57.7M
FY25 kr 25.4M

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Cite: Fair Value Calculator (2026). "Swiss Properties Invest A/S Fair Value". https://www.fairvalue-calculator.com/stock/SWISS

Peer Group

Real Estate Services · 541 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 47 · Below median
Fair Value upside −1% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 2% · Above median
Net margin (TTM) 67% · Top 25%
Operating margin (TTM) 65% · Top 25%
Revenue growth 4% · Above median
Debt / equity 1.26× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 9.2× · Cheaper than median
P/B 0.74× · Pricier than median
P/S (TTM) 6.62× · Pricier than 75% of peers
P/FCF 5.7× · Pricier than median
EV/EBITDA 18.3× · Pricier than median

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
VALUE33 · sector 33
FUTURE18 · sector 10
PAST32 · sector 17
HEALTH37 · sector 84
DIVIDEND0 · sector 59

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 27, 2026).

Stock Price Fair Value vs Fair Value
CBRE Group CBRE $147.40 $69.47 -53%
Vonovia SE VNA €20.06 €36.67 +83%
Cellnex Telecom, S.A CLNX €27.47 €25.46 -7%
KE Holdings BEKE $17.42 $6.57 -62%
Jones Lang LaSalle Incorporated JLL $387.37 $290.25 -25%
Swire Properties Limited 1972 HK$24.84 HK$5.12 -79%
CoStar Group CSGP $30.50 $4.64 -85%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.84 HK$34.95 -12%
CapitaLand Investment Limited 9CI 2.73 SGD 0.4900 SGD -82%
Plaza S.A MALLPLAZA 3,989 CLP 4,571 CLP +15%

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Frequently asked questions

Is Swiss Properties Invest A/S (SWISS) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of kr 101.53 versus a price of kr 102.00, about −0% (fairly valued).
What is the fair value of SWISS?
Our model-based fair value for Swiss Properties Invest A/S is kr 101.53 (as of Aug 27, 2026), built from audited fundamentals. The current price: kr 102.00.
What is the quality score of SWISS?
Swiss Properties Invest A/S 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 revenue of Swiss Properties Invest A/S (SWISS)?
Swiss Properties Invest A/S reported trailing-twelve-month revenue of about 37.9M DKK (latest available figure, as of Aug 27, 2026).
What is the net profit margin of SWISS?
The net profit margin of Swiss Properties Invest A/S is about 67.1%, meaning it keeps roughly 67.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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