Fastighets AB (TRIAN-B) Fair Value & Analysis
Real Estate · SE · Market cap 3.3B SEK (≈ $347M) · ISIN SE0018013658
What is Fastighets AB really worth?
A solid business, but trading 16% above our fair value of kr 15.63.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 16 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from kr 21.35 to kr 15.63 (−26.8%) since Jul 13, 2026. Share price −1.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (kr 15.63 to kr 29.20) 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 (5 years)
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
60‑month range kr 13.12 – kr 68.14 · fair‑value band kr 15.63 – kr 29.20 · the kr 18.15 price screens above the kr 15.63 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Fastighets AB (TRIAN-B) currently trades at kr 18.15, while our model-based Fair Value estimate is kr 15.63, implying the stock looks roughly 16.1% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Real Estate sector. Bull case: the Multiples group reads highest at a median of kr 27.94 per share, and 8 of the 16 models we run sit above the kr 18.15 price. Bear case: the Growth DCF group reads lowest at kr 5.73, and 8 of the 16 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Fastighets AB generated revenue of 796M SEK at a net margin of 38.1%. Revenue declined 0.3% year over year. It earns a return on equity of 5.8%. Net debt stands at 7.1B SEK. Fundamentals as of Aug 13, 2026
Our scenario range runs from kr 15.63 (bear case) to kr 29.20 (bull case); at kr 18.15, 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 12% 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 −47% fair-value upside, at −14%, TRIAN-B screens cheaper 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 0.9308 per share, which is 6.0 % 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.
All 16 models by family
Widest divergence: Multiples (kr 27.94) versus Dividend Discount (kr 0.4300). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 44
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
Fastighets AB Trianon (publ), a real estate company, owns, builds, develops, and manages residential and commercial properties in Sweden. The company operates through two segments: Residential and Community/Commercial. It offers housing, retail, office, and public sector/community properties, as well as garage and parking spaces.
Full company description
Fastighets AB Trianon (publ), a real estate company, owns, builds, develops, and manages residential and commercial properties in Sweden. The company operates through two segments: Residential and Community/Commercial. It offers housing, retail, office, and public sector/community properties, as well as garage and parking spaces. The company was incorporated in 1973 and is based in Malmö, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Fastighets AB reported revenue of 793M SEK in FY2025 versus 618M SEK in FY2021, a compound +6.4%/yr. Reported net income was 309M SEK in FY2025, compounding −30.3%/yr from FY2021.
of which total revenue +19.7 % · buybacks/dilution −3.9 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
TRIAN-B screens 16% overvalued. Compare with Corem Property Group →
Peer Group
Real Estate - Diversified · 130 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.
Valuation Multiples vs Real Estate - Diversified median · lower = cheaper
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.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Real Estate - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Corem Property Group CORED | kr 229.00 | kr 121.82 | −47% |
| Swiss Prime Site AG SPSN | CHF 124.60 | CHF 44.83 | −64% |
| Central Pattana Public Company CPN | 66.00 THB | 71.37 THB | +8% |
| Prestige Estates Projects Limited PRESTIGE | ₹1,586 | ₹645.21 | −59% |
| The Phoenix Mills Limited PHOENIXLTD | ₹1,905 | ₹701.74 | −63% |
| Umm Al Qura for Development and Construction Company 4325 | 17.19 SAR | 11.60 SAR | −33% |
| Hainan Airport Infrastructure Co 600515 | ¥2.79 | ¥0.3300 | −88% |
| Parque Arauco S.A PARAUCO | 3,954 CLP | 2,740 CLP | −31% |
| Singapore Land Group U06 | 3.41 SGD | 3.23 SGD | −5% |
| The St. Joe Company JOE | $67.90 | $34.24 | −50% |
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