Wihlborgs Fastigheter AB (WIHL) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Wihlborgs Fastigheter AB SEK 55.87, price SEK 73.05, upside -23.5%, quality 62 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 53.83 – kr 112.22 · fair‑value band kr 55.87 – kr 115.07 · the kr 73.05 price screens above the kr 55.87 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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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.
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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.
Stock analysis
Wihlborgs Fastigheter AB (WIHL) currently trades at kr 73.05, while our model-based Fair Value estimate is kr 55.87, implying the stock looks roughly 30.8% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 92.06 per share, and 4 of the 13 models we run sit above the kr 73.05 price.
Bear case: the Growth DCF group reads lowest at kr 13.81, and 9 of the 13 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 55.87 (bear) to kr 115.07 (bull), the price of kr 73.05 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 62/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Wihlborgs Fastigheter AB reported revenue of 4.4B SEK in FY2025 versus 3.1B SEK in FY2021, a compound +9.2%/yr. Reported net income was 2.2B SEK in FY2025, compounding −9.8%/yr from FY2021.
Key figures
Market cap 22.6B SEK (≈ $2.3B) · P/E ratio 10.3 · P/S ratio 5.24 · EPS (TTM) kr 7.11 · Dividend yield 4.5% · Net margin 51.0% · Return on equity 9.3% · Return on assets (EBIT) 5.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at −24%, WIHL screens cheaper than that median.
Fair Value models
Bear kr 55.87Fair Value kr 55.87Bull kr 115.07
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 2.80 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.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+4.3%
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.
+9.3%
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.
+7.2%
Start year 2020 (pandemic). Over 10 years: +8.3% a year
Revenue growth 21 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.
+8.9%
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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.
−0.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.4%
Dividend (yield on the price)4.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−5% vs 0%, slowing
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.97% → 69%
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what 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).
+15.5%
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.
+14.6%
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 +13.2% a year for the price and +12.4% for the forecasts.
Compare Wihlborgs Fastigheter AB with another stock
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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 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−26% · Below median
Profitability
Return on equity (TTM)9% · Above median
Return on assets3% · Above median
Net margin (TTM)47% · Top 25%
Operating margin (TTM)71% · Top 25%
Growth and dividend
Revenue growth7% · Above median
Dividend yield (TTM)4.5% · Above median
Balance sheet
Debt / equity1.37× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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). "Wihlborgs Fastigheter AB Fair Value". https://www.fairvalue-calculator.com/stock/WIHL
Frequently asked questions
Is Wihlborgs Fastigheter AB (WIHL) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 55.87 versus a price of kr 73.05, about −24% upside (overvalued).
What is the fair value of WIHL?
Our model-based fair value for Wihlborgs Fastigheter AB is kr 55.87 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 73.05.
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 price target for Wihlborgs Fastigheter AB (WIHL)?
Our model-based price target is the fair value of kr 55.87 (as of Sep 24, 2026) from 14 valuation models. Cautious scenario kr 55.87, optimistic scenario kr 115.07. It is a calculation from audited fundamentals, not an analyst target.
What is the Wihlborgs Fastigheter AB stock forecast for 2026?
Our models put fair value at kr 55.87, about −24% upside versus a price of kr 73.05 (overvalued). Cautious scenario kr 55.87, optimistic scenario kr 115.07. The calculation is refreshed regularly with new filings.
What is the revenue of Wihlborgs Fastigheter AB (WIHL)?
Wihlborgs Fastigheter AB reported trailing-twelve-month revenue of about 4.6B SEK (latest available figure, as of Sep 24, 2026).
Does Wihlborgs Fastigheter AB pay a dividend?
Wihlborgs Fastigheter AB currently shows a dividend yield of about 4.52% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Wihlborgs Fastigheter AB (WIHL)?
For today's price to be fair in a discounted-cash-flow model, Wihlborgs Fastigheter AB would have to grow free cash flow by +15.5 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of WIHL use?
Our models discount Wihlborgs Fastigheter AB at 9.9 %: a base by market capitalisation (mid), damped by beta 1.19, 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 Wihlborgs Fastigheter AB that is +15.5 % per year a year over ten years, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has Wihlborgs Fastigheter AB (WIHL) delivered so far?
Over the past 5 years revenue at Wihlborgs Fastigheter AB grew +7.2 % a year. The price currently implies +15.5 % 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 Wihlborgs Fastigheter AB (WIHL) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Wihlborgs Fastigheter AB (+15.5 % 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 Wihlborgs Fastigheter AB (WIHL)?
The free-cash-flow yield on the price is 9.66 %: that much free cash flow Wihlborgs Fastigheter AB produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wihlborgs Fastigheter AB (WIHL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wihlborgs Fastigheter AB it is kr 55.87 per share (as of Sep 24, 2026), against a price of kr 73.05. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Wihlborgs Fastigheter AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, WIHL trades above its calculated fair value: price kr 73.05, fair value kr 55.87, a gap of about −24% (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 WIHL?
No. The price is what the market pays today (kr 73.05); the fair value is what the company's own numbers justify (kr 55.87). For Wihlborgs Fastigheter AB the two are kr 17.18 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wihlborgs Fastigheter AB worth?
The market values Wihlborgs Fastigheter AB at about 22.6B SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 73.05; our models calculate a fair value of kr 55.87 per share.
What do the bullish and bearish scenarios say about WIHL?
Our models span a range for Wihlborgs Fastigheter AB: cautious scenario kr 55.87, base kr 55.87, optimistic kr 115.07 per share (as of Sep 24, 2026, price kr 73.05). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WIHL?
Wihlborgs Fastigheter AB trades at a price-to-earnings ratio of 10.3 (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 55.87 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 14.4 (reported for FY2025: 10.1). Other multiples: PEG 2.0, P/B 1.0, P/S 5.0, EV/EBITDA 17.5.
What is the PEG ratio of WIHL?
The PEG ratio of Wihlborgs Fastigheter AB is 1.97 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Wihlborgs Fastigheter AB (WIHL)?
Balance-sheet figures for Wihlborgs Fastigheter AB (as of Sep 24, 2026): return on equity 9.3%, debt of 1.37 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is WIHL from its 52-week high?
Wihlborgs Fastigheter AB trades at kr 73.05, about 23% below its 52-week high of kr 94.87 and at the low of kr 73.05 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 55.87 is for.
Which stocks are comparable to Wihlborgs Fastigheter 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 Wihlborgs Fastigheter AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 73.05, calculated fair value kr 55.87 (−24%), Quality Score 62/100, 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 WIHL calculated?
We run Wihlborgs Fastigheter 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 55.87, 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. Wihlborgs Fastigheter AB 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 Wihlborgs Fastigheter AB (WIHL)?
The closing price on Sep 24, 2026 was kr 73.05. Our model-based fair value is kr 55.87, about −24% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wihlborgs Fastigheter AB right now?
Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 55.87 to kr 115.07) 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.
Where does the earnings growth of Wihlborgs Fastigheter AB (WIHL) come from?
Earnings per share at Wihlborgs Fastigheter AB grew +0.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.5 %, EBIT margin −0.4 %, tax rate −1.1 %, residual (interest, one-offs) −6.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Wihlborgs Fastigheter AB
How large is the market capitalisation of Wihlborgs Fastigheter AB (WIHL)?
The market capitalisation of Wihlborgs Fastigheter AB is 22.6B SEK (≈ $2.3B). 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 Wihlborgs Fastigheter AB (WIHL)?
The price-to-sales ratio of Wihlborgs Fastigheter AB is 5.24 (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 Wihlborgs Fastigheter AB (WIHL)?
Earnings per share at Wihlborgs Fastigheter AB are kr 7.11 (price ÷ EPS = P/E 10.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wihlborgs Fastigheter AB (WIHL)?
The dividend yield of Wihlborgs Fastigheter AB is 4.5% (payout 46.4%). 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 Wihlborgs Fastigheter AB (WIHL)?
The net margin of Wihlborgs Fastigheter AB is 51.0% (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 Wihlborgs Fastigheter AB (WIHL)?
The return on equity (ROE) of Wihlborgs Fastigheter AB is 9.3% (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 Wihlborgs Fastigheter AB (WIHL)?
On an EBIT basis the return on assets of Wihlborgs Fastigheter AB is 5.6% (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 Wihlborgs Fastigheter AB (WIHL)?
The operating margin of Wihlborgs Fastigheter AB is 71.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wihlborgs Fastigheter AB (WIHL)?
Revenue at Wihlborgs Fastigheter AB is growing +6.8% versus a year earlier (3y avg +9.3%). 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 Wihlborgs Fastigheter AB (WIHL)?
Earnings per share at Wihlborgs Fastigheter AB are growing −33.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Wihlborgs Fastigheter AB (WIHL) carry?
The net debt of Wihlborgs Fastigheter AB is 33.1B SEK (fiscal year 2025, ≈ 15.2 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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