PUBLI Stock Analysis: PPI PUBLIC PROPERTY INVEST | ST
Real Estate Services | ST, Sweden | Market Cap: 15.989m SEK | 12M Return: -10.3% | SE0028799411 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 25.4M
Rev. Trend: 96.5%
Warnings
Tailwinds
No distinct edge detected
Seasonality 0.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
PPI Public Property Invest AB (publ) is a Sweden-based real estate company that owns, develops, operates, and rents properties across Norway, Sweden, Finland, and Denmark. Its portfolio focuses on community service properties leased to government tenants, including hospitals, police stations, courts, nursing homes, schools, and other public service facilities, alongside office space rentals. The company was incorporated in 2018 and is headquartered in Stockholm, Sweden.
The company operates within the Nordic public-sector real estate segment, a niche where landlords typically secure long lease agreements with government-backed tenants, providing stable and predictable rental income. It was formerly known as Public Property Invest ASA before rebranding to PPI Public Property Invest AB (publ) in May 2026.
- Nordic rate cuts lift property valuations and refinancing outlook
- Government tenants anchor rental income across Nordic portfolio
- Portfolio expansion drives rental income growth in Nordic markets
| Net Income: 397.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.23 > 1.0 |
| NWC/Revenue: -44.56% < 20% (prev 600.9%; Δ -645.4% < -1%) |
| CFO/TA 0.03 > 3% & CFO 1.76b > Net Income 397.4m |
| Net Debt (-2.08b) to EBITDA (1.55b): -1.34 < 3 |
| Current Ratio: 0.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (945.7m) vs 12m ago 176.4% < -2% |
| Gross Margin: 82.08% > 18% (prev 90.10%; Δ -8.03% > 0.5%) |
| Asset Turnover: 6.52% > 50% (prev 3.52%; Δ 3.00% > 0%) |
| Interest Coverage Ratio: 1.51 > 6 (EBIT TTM 1.55b / Interest Expense TTM 1.03b) |
| A: -0.02 (Total Current Assets 2.73b - Total Current Liabilities 3.81b) / Total Assets 55.2b |
| B: 0.0 (Retained Earnings 0.0 / Total Assets 55.2b) |
| C: 0.04 (EBIT TTM 1.55b / Avg Total Assets 37.0b) |
| D: 0.54 (Book Value of Equity 19.2b / Total Liabilities 36.0b) |
| Altman-Z'' = 0.72 = B |
| DSRI: 0.35 (Receivables 12.0m/9.40m, Revenue 2.41b/658.8m) |
| GMI: 1.10 (GM 90.10% / 82.08%) |
| AQI: 1.25 (AQ_t 0.94 / AQ_t-1 0.75) |
| SGI: 3.66 (Revenue 2.41b / 658.8m) |
| TATA: -0.02 (NI 397.4m - CFO 1.76b) / TA 55.2b) |
| Beneish M = -1.42 (Cap -4..+1) = D |
As of October 17, 2026, the stock is trading at SEK 17.00 with a total of 748,620 shares traded. Over the past week, the price has changed by +2.47%, over one month by -8.04%, over three months by -13.00% and over the past year by -10.31%.
Current recommended Stop Loss: 16.40 (which is 3.5% or 1.3 ATR below the current price).
PPI PUBLIC PROPERTY INVEST has no consensus analysts rating.
P/E Trailing = 25.8636
P/S = 6.6689
P/B = 0.9107
Revenue TTM = 2.41b SEK
EBIT TTM = 1.55b SEK
EBITDA TTM = 1.55b SEK
Long Term Debt = 27.4b SEK (from longTermDebt, last quarter)
Short Term Debt = 1.06b SEK (from shortLongTermDebt, last quarter)
Debt = 359.0m SEK (Leases only: 359.0m)
Net Debt = -2.08b SEK (calculated: Debt 359.0m - CCE 2.44b)
Enterprise Value = 13.9b SEK (16.0b + Debt 359.0m - CCE 2.44b)
Interest Coverage Ratio = 1.51 (Ebit TTM 1.55b / Interest Expense TTM 1.03b)
EV/FCF = 9.24x (Enterprise Value 13.9b / FCF TTM 1.50b)
FCF Yield = 10.82% (FCF TTM 1.50b / Enterprise Value 13.9b)
FCF Margin = 62.44% (FCF TTM 1.50b / Revenue TTM 2.41b)
Net Margin = 16.49% (Net Income TTM 397.4m / Revenue TTM 2.41b)
Gross Margin = 82.08% ((Revenue TTM 2.41b - Cost of Revenue TTM 432.0m) / Revenue TTM)
Gross Margin QoQ = 83.91% (prev 76.12%)
Tobins Q-Ratio = 0.25 (Enterprise Value 13.9b / Total Assets 55.2b)
Interest Expense / Debt = 286.1% (Interest Expense 1.03b / Debt 359.0m)
Taxrate = 23.56% (122.5m / 519.9m)
NOPAT = 1.18b (EBIT 1.55b * (1 - 23.56%))
Current Ratio = 0.72 (Total Current Assets 2.73b / Total Current Liabilities 3.81b)
Debt / Equity = 0.02 (Debt 359.0m / totalStockholderEquity, last quarter 19.2b)
Debt / EBITDA = -1.34 (Net Debt -2.08b / EBITDA 1.55b)
Debt / FCF = -1.38 (Net Debt -2.08b / FCF TTM 1.50b)
Total Stockholder Equity = 16.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.07% (Net Income 397.4m / Total Assets 55.2b)
RoE = 2.37% (Net Income TTM 397.4m / Total Stockholder Equity 16.8b)
RoCE = 3.50% (EBIT 1.55b / Capital Employed (Equity 16.8b + L.T.Debt 27.4b))
RoIC = 2.30% (NOPAT 1.18b / Invested Capital 51.3b)
WACC = 5.26% (E(16.0b)/V(16.3b) * Re(5.38%) + (debt cost/tax rate unavailable))
Discount Rate = 5.38% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 92.82 | Cagr: 168.4%
[DCF] Terminal Value 77.97% ; FCFF base≈1.09b ; Y1≈1.25b ; Y5≈1.84b
[DCF] Fair Price = 31.76 (EV 27.7b - Net Debt -2.08b = Equity 29.7b / Shares 936.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 96.49 | Revenue CAGR: 33.71% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=1.48 | Chg30d=-1.45% | Revisions=-17% | GrowthEPS=+0.0% | GrowthRev=+214.2%
EPS next Year (2027-12-31): EPS=1.50 | Chg30d=-5.46% | Revisions=-40% | GrowthEPS=+1.8% | GrowthRev=+5.6%
[Analyst] Revisions Ratio: -38% (up=1, down=4)