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Wihlborgs Fastigheter AB (WIHL) Fair Value & Analysis

Real Estate · SE · Market cap 24.0B SEK

WF Wihlborgs Fastigheter AB WIHL · ST
Pricekr 79.70
Fair Valuekr 73.00
Upside-8.4%
Quality62/100
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Healthy Growth
Highly profitable · 47.3% net margin
Moderate debt · generates free cash flow
4.22% dividend yield
Ranks above peers (9/15)
Wide moat 67/100
Evidence: High Range kr 69.04 – kr 94.80 Share as image

Fair value as of: Jul 20, 2026

From 14 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from kr 73.07 to kr 73.00 (−0.1%) since Jun 26, 2026. Share price +2.7% over the past month.

A solid business, currently priced close to our fair value.

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 (5 years)

kr 112.22 kr 53.83 Fair Value kr 73.00 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range kr 53.83 – kr 112.22 · fair‑value band kr 69.04 – kr 94.80 · the kr 79.70 price screens above the kr 73.00 fair value. Dashed = 300-day average. As of Jul 20, 2026.

Full chart & analysis →

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Analysis

Wihlborgs Fastigheter AB (WIHL) currently trades at kr 79.70, while our model-based Fair Value estimate is kr 73.00, implying the stock looks roughly 8.4% fairly valued today. The Quality Score stands at 62/100 (solid 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, Wihlborgs Fastigheter AB generated revenue of 4.5B SEK at a net margin of 51.4%. Revenue grew 9.6% year over year. It earns a return on equity of 9.7%. Net debt stands at 33.1B SEK. Fundamentals as of Jul 20, 2026

Our scenario range runs from kr 69.04 (bear case) to kr 94.80 (bull case); at kr 79.70, 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 23% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at -8%, WIHL screens richer 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 BearBaseBull Evidence
Highest evidence
Growth DCF kr 21.29 kr 86.63 80
Residual Income kr 67.92 kr 74.38 kr 102.77 76
Rev-Margin DCF kr 9.27 kr 60.70 74
All 14 models by family
DCF Models
FCF DCF kr 27.28 kr 108.42 38
5Y Revenue Exit kr 9.32 kr 66.37 39
5Y EBITDA Exit kr 67.61 kr 153.53 41
10Y Revenue Exit kr 7.82 kr 65.48 36
10Y EBITDA Exit kr 48.84 kr 133.59 37
Multiples
P/S Multiple kr 69.04 kr 92.06 kr 115.07 58
P/B Multiple kr 92.07 kr 122.76 kr 153.45 55
EV/EBIT kr 54.57 kr 108.53 kr 162.49 53
EV/EBITDA kr 18.41 kr 60.31 kr 102.21 54
EV/Revenue kr 21.58 43
Asset-Based
NCAV (Graham) kr 39.54 kr 52.98 kr 79.08 50
Growth DCF
Growth DCF kr 21.29 kr 86.63 80
Rev-Margin DCF kr 9.27 kr 60.70 74
Economic Profit
Residual Income kr 67.92 kr 74.38 kr 102.77 76

Widest divergence: Multiples (kr 92.06) versus Growth DCF (kr 9.27). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 4.6B SEK
Revenue growth (YoY) +6.8%
Net margin 47.3%
Return on equity 9.3%
Free cash flow 2.2B SEK FY2025
P/E ratio 11.0
More key figures
Operating margin 71.1%
EPS (TTM) kr 7.11
Dividend yield 4.2%
EPS growth (YoY) -33.4%
Net debt 33.1B SEK FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 58 · Market factors (momentum, volatility) 39

Profitability 37
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 82
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.

About the company

Wihlborgs Fastigheter AB (publ), a property company, owns, develops, rents, and manages commercial properties in the Öresund region, Sweden. Its property portfolio consists of office/retail, logistics/production, and projects/land in Malmö, Helsingborg, Lund, and Copenhagen.

Full company description

Wihlborgs Fastigheter AB (publ), a property company, owns, develops, rents, and manages commercial properties in the Öresund region, Sweden. Its property portfolio consists of office/retail, logistics/production, and projects/land in Malmö, Helsingborg, Lund, and Copenhagen. Wihlborgs Fastigheter AB (publ) was founded in 1924 and is headquartered in Malmö, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wihlborgs Fastigheter AB reported revenue of kr 4.4B in FY2025 versus kr 3.1B in FY2021, a compound +9.2%/yr. Reported net income was kr 2.2B in FY2025, compounding −9.8%/yr from FY2021.

Growth Quality 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.4B SEK
Latest YoY
+4.3%
Avg. growth/yr (3Y)
+9.3%
Avg. growth/yr (5Y)
+7.2%
Avg. growth/yr (21Y)
+8.9%
Revenue +9.2%/yr
FY21 kr 3.1B
FY22 kr 3.3B
FY23 kr 3.9B
FY24 kr 4.2B
FY25 kr 4.4B
Net income −9.8%/yr
FY21 kr 3.3B
FY22 kr 2.3B
FY23 −kr 27.0M
FY24 kr 1.7B
FY25 kr 2.2B

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Cite: Fair Value Calculator (2026). "Wihlborgs Fastigheter AB Fair Value". https://www.fairvalue-calculator.com/stock/WIHL

Peer Group

Real Estate Services · 521 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 63 · Top 25%
Fair Value upside −8% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 3% · Above median
Net margin (TTM) 47% · Top 25%
Operating margin (TTM) 71% · Top 25%
Revenue growth 7% · Above median
Dividend yield (TTM) 4.2% · Above median
Debt / equity 1.37× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 11.0× · Cheaper than median
P/B 0.99× · Pricier than median
P/S (TTM) 5.19× · Pricier than 75% of peers
P/FCF 1.2× · Cheaper than median
EV/EBITDA 17.7× · Pricier than median
PEG 1.97× · 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.

VALUE 22 · sector 37
FUTURE 34 · sector 10
PAST 37 · sector 16
HEALTH 32 · sector 85
DIVIDEND 84 · sector 49

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
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KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Wihlborgs Fastigheter AB (WIHL) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of kr 73.00 versus a price of kr 79.70, about −8% (fairly valued).
What is the fair value of WIHL?
Our model-based fair value for Wihlborgs Fastigheter AB is kr 73.00 (as of Jul 20, 2026), built from audited fundamentals. The current price is kr 79.70.
What is the quality score of WIHL?
Wihlborgs Fastigheter AB has a Quality Score of 62/100. 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 Wihlborgs Fastigheter AB (WIHL)?
Wihlborgs Fastigheter AB reported trailing-twelve-month revenue of about 4.5B SEK (latest available figure, as of Jul 20, 2026).
What is the net profit margin of WIHL?
The net profit margin of Wihlborgs Fastigheter AB is about 51.4%, meaning it keeps roughly 51.4% of revenue as net income. Based on the latest reported figures.
Does Wihlborgs Fastigheter AB pay a dividend?
Wihlborgs Fastigheter AB currently shows a dividend yield of about 4.09% relative to its recent price (as of Jul 20, 2026).

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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