SAGA-B Fair Value & Analysis
Real Estate · SE · Market cap 80.3B SEK (≈ $8.4B) · ISIN SE0005127818
What is SAGA-B really worth?
Below-average quality, and trading another 175% above our fair value of kr 64.22.
Strengths
Risks
For context
Fair value as of: Aug 27, 2026
From 7 valuation models · updated 8 days ago
Share price +3.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (kr 94.15). The favourable scenario is already priced in.
- Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (kr 48.16 to kr 94.15) 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 27, 2026.
How to read this chart
60‑month range kr 147.00 – kr 354.51 · fair‑value band kr 48.16 – kr 94.15 · the kr 176.90 price screens above the kr 64.22 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.
Analysis
SAGA-B (SAGA-B) currently trades at kr 176.90, while our model-based Fair Value estimate is kr 64.22, implying the stock looks roughly 175.5% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Real Estate sector. Bull case: the Multiples group reads highest at a median of kr 88.39 per share, and 0 of the 7 models we run sit above the kr 176.90 price. Bear case: the Asset-Based group reads lowest at kr 61.45, and 7 of the 7 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, SAGA-B generated revenue of 5.4B SEK at a net margin of 84.0%. Revenue grew 2.8% year over year. It earns a return on equity of 10.6%. Net debt stands at 39.2B SEK. Fundamentals as of Aug 27, 2026
Our scenario range runs from kr 48.16 (bear case) to kr 94.15 (bull case); at kr 176.90, the current price sits above 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 20% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −23% fair-value upside, at −64%, SAGA-B screens richer 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 6.08 per share, which is 9.5 % 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 7 models by family
Widest divergence: Multiples (kr 88.39) versus Asset-Based (kr 61.45). Highest evidence: Residual Income (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 33 · Market factors (momentum, volatility) 40
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
AB Sagax (publ), a property company, owns and manages a property portfolio in Sweden, Finland, France, Benelux, Spain, Germany, and other European countries. It invests in commercial properties primarily in the warehouse and light industrial segments. The company also engages in the financial administration and asset management activities.
Full company description
AB Sagax (publ), a property company, owns and manages a property portfolio in Sweden, Finland, France, Benelux, Spain, Germany, and other European countries. It invests in commercial properties primarily in the warehouse and light industrial segments. The company also engages in the financial administration and asset management activities. AB Sagax (publ) was incorporated in 1995 and is headquartered in Stockholm, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SAGA-B reported revenue of 5.4B SEK in FY2025 versus 3.1B SEK in FY2021, a compound +14.7%/yr. Reported net income was 4.0B SEK in FY2025, compounding −19.8%/yr from FY2021.
of which total revenue +15.6 % · buybacks/dilution −2.3 %
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).
SAGA-B screens 175% overvalued. Compare with CBRE Group →
Peer Group
Real Estate Services · 523 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 Services 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.
VALUE 0: the price sits above our fair-value range.
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 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 | $148.74 | $69.47 | −53% |
| Vonovia SE VNA | €19.85 | €36.67 | +85% |
| Cellnex Telecom, S.A CLNX | €27.47 | €25.46 | −7% |
| KE Holdings BEKE | $17.42 | $6.57 | −62% |
| Jones Lang LaSalle Incorporated JLL | $378.01 | $290.25 | −23% |
| Swire Properties Limited 1972 | HK$24.84 | HK$5.12 | −79% |
| CoStar Group CSGP | $32.22 | $4.64 | −86% |
| China Resources Mixc Lifestyle Services Limited 1209 | HK$39.84 | HK$34.95 | −12% |
| CapitaLand Investment Limited 9CI | 2.66 SGD | 0.4900 SGD | −82% |
| Plaza S.A MALLPLAZA | 4,040 CLP | 4,571 CLP | +13% |
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