SAGA-B Stock Analysis: AB Sagax (publ) | ST
Real Estate Services | ST, Sweden | Market Cap: 84.249m SEK | 12M Return: -15.9% | SE0005127818 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 66.6M
EPS Trend: 71.5%
Rev. Trend: 96.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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 Swedish property company that owns and manages a commercial real estate portfolio concentrated in the warehouse and light industrial segments. Its assets are spread across multiple European markets, including Sweden, Finland, France, the Benelux countries, Spain, and Germany, among others. In addition to direct property ownership, the company carries out financial administration and asset management activities, suggesting a hybrid operating model that combines landlord operations with third-party services. Founded in 1995 and headquartered in Stockholm, Sagax is listed on the Stockholm Stock Exchange under the ticker SAGA-B.
As a Real Estate Operating Company in GICS classification, Sagax primarily generates revenue through rental income on owned assets, with the warehouse and light industrial focus tying its performance closely to logistics demand, supply-chain investment, and e-commerce activity across Europe. This sub-sector typically features long lease terms, low ongoing capex relative to other property types, and a significant degree of sensitivity to interest-rate movements given the capital-intensive, debt-funded nature of the business.
- European interest rate hikes pressure property valuations and cap rates
- Warehouse and light industrial rental income grows across core European markets
- Bond issuance and equity capital fund portfolio expansion
| 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 August 30, 2026, the stock is trading at SEK 169.20 with a total of 593,590 shares traded. Over the past week, the price has changed by +0.71%, over one month by +0.65%, over three months by +1.50% and over the past year by -15.90%.
Current recommended Stop Loss: 158.40 (which is 6.4% or 2.7 ATR below the current price).
AB Sagax (publ) has no consensus analysts rating.
P/E Trailing = 11.2856
P/E Forward = 24.2131
P/S = 15.3851
P/B = 1.8384
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 = 124b SEK (84.2b + 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 124b / FCF TTM 42.0m)
FCF Yield = 0.03% (FCF TTM 42.0m / Enterprise Value 124b)
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 = 1.31 (Enterprise Value 124b / 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 = 5.26% (E(84.2b)/V(127b) * Re(6.68%) + D(43.0b)/V(127b) * Rd(2.75%) * (1-Tc(0.10)))
Discount Rate = 6.68% (= 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=11.74 | Chg30d=-2.14% | Revisions=+0% | GrowthEPS=+4.7% | GrowthRev=+3.8%
EPS next Year (2027-12-31): EPS=11.31 | Chg30d=+0.30% | Revisions=+17% | GrowthEPS=-3.7% | GrowthRev=+7.0%
[Analyst] Revisions Ratio: +17% (up=2, down=1)