HEBA Fastighets AB (STO:HEBA B)

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Price: 31.3 SEK 2.29%

Market Cap: 5.2B SEK

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Section:

Relative Value

The Relative Value of one HEBA B stock under the Base Case scenario is 56.96 SEK. Compared to the current market price of 31.3 SEK, HEBA Fastighets AB is Undervalued by 45%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

HEBA B Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

9.5

P/S

vs History	46
vs Industry	16

Median 5Y

10.1

Industry

3.7

Forward

9.1

More Details

Negative

P/E

vs History
vs Industry

Median 5Y

4.7

Industry

16.6

Forward

25.2

More Details

28.8

P/OCF

vs History	25
vs Industry	10

Median 5Y

26.2

Industry

11.2

More Details

Negative

P/FCFE

vs History
vs Industry	11

Median 5Y

3.8

Industry

13.3

More Details

0.8

P/B

vs History	28
vs Industry	44

Median 5Y

0.8

Industry

0.9

More Details

17.9

EV/S

vs History	44
vs Industry	11

Median 5Y

18.4

Industry

6.7

Forward

17.3

More Details

24.8

EV/GP

vs History	44
vs Industry	16

Median 5Y

25.4

Industry

More Details

27.1

EV/EBITDA

vs History	47
vs Industry	16

Median 5Y

Industry

Forward

26.8

More Details

EV/EBIT

vs History	44
vs Industry	24

Median 5Y

28.5

Industry

19.2

Forward

More Details

54.6

EV/OCF

vs History	25
vs Industry	9

Median 5Y

44.6

Industry

18.6

More Details

54.6

EV/FCFF

vs History	25
vs Industry	11

Median 5Y

44.6

Industry

More Details

0.7

EV/IC

vs History	31
vs Industry	49

Median 5Y

0.7

Industry

0.7

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
SE		HEBA Fastighets AB STO:HEBA B	5.2B SEK	9.5	-78.6	27.1	28
DE		Vonovia SE XETRA:VNA	24.8B EUR	51.4	-8.7	-35.7	-32
PH	S	SM Prime Holdings Inc XPHS:SMPH	793.5B PHP	6	18.6	13.7	16.8
HK	S	Swire Properties Ltd HKEX:1972	93.2B HKD	6.4	42.2	15.1	15.1
SG		Capitaland Investment Ltd SGX:9CI	14.2B SGD	5.1	78.6	23.8	27.9
BM		Hongkong Land Holdings Ltd SGX:H78	10.3B USD	4.8	-9.5	23.8	24.3
DE		Deutsche Wohnen SE XETRA:DWNI	9.5B EUR	7.9	-38.4	16.5	23.8
SE	S	Sagax AB STO:SAGA A	109.2B SEK	22.7	28.6	35.4	35.4
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	68.7B CNY	4.9	25.5	23	23
IL		Azrieli Group Ltd TASE:AZRG	34.3B ILS	11.3	16.7	17.6	18.1
SE		Fastighets AB Balder STO:BALD B	94.6B SEK	7.5	-19.4	35	35.5

				Revenue Growth
SE		HEBA Fastighets AB STO:HEBA B	Average P/S: 12.5 9.5	10%
DE		Vonovia SE XETRA:VNA	51.4	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	6	31%
HK	S	Swire Properties Ltd HKEX:1972	6.4	17%
SG		Capitaland Investment Ltd SGX:9CI	5.1	9%
BM		Hongkong Land Holdings Ltd SGX:H78	4.8	7%
DE		Deutsche Wohnen SE XETRA:DWNI	7.9	16%
SE	S	Sagax AB STO:SAGA A	22.7	40%
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	4.9	81%
IL		Azrieli Group Ltd TASE:AZRG	11.3	-6%
SE		Fastighets AB Balder STO:BALD B	7.5	16%

				Earnings Growth
SE		HEBA Fastighets AB STO:HEBA B	Average P/E: 35 Negative Multiple: -78.6	N/A
DE		Vonovia SE XETRA:VNA	Negative Multiple: -8.7	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	18.6	35%
HK	S	Swire Properties Ltd HKEX:1972	42.2	226%
SG		Capitaland Investment Ltd SGX:9CI	78.6	375%
BM		Hongkong Land Holdings Ltd SGX:H78	Negative Multiple: -9.5	N/A
DE		Deutsche Wohnen SE XETRA:DWNI	Negative Multiple: -38.4	N/A
SE	S	Sagax AB STO:SAGA A	28.6	N/A
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	25.5	59%
IL		Azrieli Group Ltd TASE:AZRG	16.7	-36%
SE		Fastighets AB Balder STO:BALD B	Negative Multiple: -19.4	N/A

				EBITDA Growth
SE		HEBA Fastighets AB STO:HEBA B	Average EV/EBITDA: 23.1 27.1	10%
DE		Vonovia SE XETRA:VNA	Negative Multiple: -35.7	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	13.7	32%
HK	S	Swire Properties Ltd HKEX:1972	15.1	27%
SG		Capitaland Investment Ltd SGX:9CI	23.8	74%
BM		Hongkong Land Holdings Ltd SGX:H78	23.8	7%
DE		Deutsche Wohnen SE XETRA:DWNI	16.5	21%
SE	S	Sagax AB STO:SAGA A	35.4	55%
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	23	202%
IL		Azrieli Group Ltd TASE:AZRG	17.6	39%
SE		Fastighets AB Balder STO:BALD B	35	82%

				EBIT Growth
SE		HEBA Fastighets AB STO:HEBA B	Average EV/EBIT: 24.8 28	7%
DE		Vonovia SE XETRA:VNA	Negative Multiple: -32	N/A
PH	S	SM Prime Holdings Inc XPHS:SMPH	16.8	34%
HK	S	Swire Properties Ltd HKEX:1972	15.1	28%
SG		Capitaland Investment Ltd SGX:9CI	27.9	115%
BM		Hongkong Land Holdings Ltd SGX:H78	24.3	0%
DE		Deutsche Wohnen SE XETRA:DWNI	23.8	313%
SE	S	Sagax AB STO:SAGA A	35.4	72%
CN		Zhejiang China Commodities City Group Co Ltd SSE:600415	23	149%
IL		Azrieli Group Ltd TASE:AZRG	18.1	44%
SE		Fastighets AB Balder STO:BALD B	35.5	99%

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HEBA Fastighets AB
STO:HEBA B

Relative Value

Valuation Multiples

Multiples Across Competitors

HEBA B Competitors Multiples
HEBA Fastighets AB Competitors

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Company

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52 Week Range	27.3524 38.05
Price Target

HEBA Fastighets AB STO:HEBA B

Relative Value

Valuation Multiples

Multiples Across Competitors

HEBA B Competitors Multiples HEBA Fastighets AB Competitors

See Also

Company

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HEBA Fastighets AB
STO:HEBA B

HEBA B Competitors Multiples
HEBA Fastighets AB Competitors