SAGA-B Stock Analysis: AB Sagax (publ) | ST
Real Estate Services | ST, Sweden | Market Cap: 78.510m SEK | 12M Return: -21.7% | SE0005127818 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 82.0M
EPS Trend: 71.5%
Rev. Trend: 96.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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.
AB Sagax (publ) is a Stockholm-based property company that owns and manages a diversified commercial real estate portfolio across multiple European markets, including Sweden, Finland, France, the Benelux region, Spain, and Germany. Founded in 1995, the company focuses its investments primarily on warehouse and light industrial properties, while also providing financial administration and asset management services.
The companys specialization in warehouse and light industrial real estate places it within a segment of the commercial property market that typically serves logistics, distribution, and light manufacturing tenants. As a real estate operating company, Sagax generates revenue mainly through leasing its properties to industrial and logistics occupiers, with its pan-European footprint providing geographic diversification across different regional economies.
- ECB rate cuts reduce borrowing costs and lift property values
- Warehouse demand from e-commerce lifts occupancy and rents
- Cross-border acquisitions expand light industrial portfolio across Europe
| Net Income: 5.38b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -3.37 > 1.0 |
| NWC/Revenue: -90.65% < 20% (prev -141.5%; Δ 50.90% < -1%) |
| CFO/TA 0.05 > 3% & CFO 4.33b > Net Income 5.38b |
| Net Debt (40.2b) to EBITDA (4.29b): 9.37 < 3 |
| Current Ratio: 0.39 > 1.5 & < 3 |
| Outstanding Shares: last quarter (338.4m) vs 12m ago 0.00% < -2% |
| Gross Margin: 81.30% > 18% (prev 91.98%; Δ -10.69% > 0.5%) |
| Asset Turnover: 6.14% > 50% (prev 6.26%; Δ -0.12% > 0%) |
| Interest Coverage Ratio: 3.62 > 6 (EBIT TTM 4.28b / Interest Expense TTM 1.18b) |
| A: -0.05 (Total Current Assets 3.18b - Total Current Liabilities 8.17b) / Total Assets 94.9b |
| B: 0.34 (Retained Earnings 32.4b / Total Assets 94.9b) |
| C: 0.05 (EBIT TTM 4.28b / Avg Total Assets 89.6b) |
| D: 0.91 (Book Value of Equity 45.2b / Total Liabilities 49.5b) |
| Altman-Z'' = 2.05 = BBB |
| DSRI: 0.92 (Receivables 426.0m/445.0m, Revenue 5.51b/5.29b) |
| GMI: 1.13 (GM 91.98% / 81.30%) |
| AQI: 0.98 (AQ_t 0.96 / AQ_t-1 0.97) |
| SGI: 1.04 (Revenue 5.51b / 5.29b) |
| TATA: 0.01 (NI 5.38b - CFO 4.33b) / TA 94.9b) |
| Beneish M = -2.95 (Cap -4..+1) = A |
As of October 17, 2026, the stock is trading at SEK 167.10 with a total of 558,191 shares traded. Over the past week, the price has changed by +5.29%, over one month by +0.30%, over three months by -3.41% and over the past year by -21.74%.
Current recommended Stop Loss: 158.70 (which is 5% or 2 ATR below the current price).
AB Sagax (publ) has no consensus analysts rating.
P/E Trailing = 10.5239
P/E Forward = 24.2131
P/S = 14.3372
P/B = 1.7946
Revenue TTM = 5.51b SEK
EBIT TTM = 4.28b SEK
EBITDA TTM = 4.29b SEK
Long Term Debt = 33.6b SEK (from longTermDebt, last quarter)
Short Term Debt = 8.17b SEK (from shortTermDebt, last quarter)
Debt = 43.0b SEK (from shortLongTermDebtTotal, last quarter) + Leases 662.0m
Net Debt = 40.2b SEK (calculated: Debt 43.0b - CCE 2.76b)
Enterprise Value = 119b SEK (78.5b + Debt 43.0b - CCE 2.76b)
Interest Coverage Ratio = 3.62 (Ebit TTM 4.28b / Interest Expense TTM 1.18b)
EV/FCF = 1000.0x (Enterprise Value 119b / FCF TTM 42.0m)
FCF Yield = 0.04% (FCF TTM 42.0m / Enterprise Value 119b)
FCF Margin = 0.76% (FCF TTM 42.0m / Revenue TTM 5.51b)
Net Margin = 97.78% (Net Income TTM 5.38b / Revenue TTM 5.51b)
Gross Margin = 81.30% ((Revenue TTM 5.51b - Cost of Revenue TTM 1.03b) / Revenue TTM)
Gross Margin QoQ = 81.71% (prev 79.01%)
Tobins Q-Ratio = 1.25 (Enterprise Value 119b / Total Assets 94.9b)
Interest Expense / Debt = 2.75% (Interest Expense 1.18b / Debt 43.0b)
Taxrate = 10.30% (620.0m / 6.02b)
NOPAT = 3.84b (EBIT 4.28b * (1 - 10.30%))
Current Ratio = 0.39 (Total Current Assets 3.18b / Total Current Liabilities 8.17b)
Debt / Equity = 0.95 (Debt 43.0b / totalStockholderEquity, last quarter 45.2b)
Debt / EBITDA = 9.37 (Net Debt 40.2b / EBITDA 4.29b)
Debt / FCF = 958.2 (Net Debt 40.2b / FCF TTM 42.0m)
Total Stockholder Equity = 43.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.01% (Net Income 5.38b / Total Assets 94.9b)
RoE = 12.44% (Net Income TTM 5.38b / Total Stockholder Equity 43.3b)
RoCE = 5.57% (EBIT 4.28b / Capital Employed (Equity 43.3b + L.T.Debt 33.6b))
RoIC = 4.06% (NOPAT 3.84b / Invested Capital 94.6b)
WACC = 5.15% (E(78.5b)/V(122b) * Re(6.62%) + D(43.0b)/V(122b) * Rd(2.75%) * (1-Tc(0.10)))
Discount Rate = 6.62% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -21.34 | Cagr: -13.14%
[DCF] Terminal Value 73.10% ; FCFF base≈1.18b ; Y1≈1.03b ; Y5≈834.1m
[DCF] Fair Price = N/A (negative equity: EV 13.4b - Net Debt 40.2b = -26.9b; debt exceeds intrinsic value)
EPS Correlation: 71.48 | EPS CAGR: 60.61% | SUE: N/A | # QB: 0
Revenue Correlation: 95.96 | Revenue CAGR: 10.73% | SUE: 0.04 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=12.63 | Chg30d=-0.97% | Revisions=+0% | GrowthEPS=+12.5% | GrowthRev=+4.4%
EPS next Year (2027-12-31): EPS=12.73 | Chg30d=+0.62% | Revisions=+17% | GrowthEPS=+0.8% | GrowthRev=+7.4%
[Analyst] Revisions Ratio: +17% (up=2, down=1)