Platzer Fastigheter Holding AB (publ)

Platzer Fastigheter Holding AB (publ) has a liquidity position that is relatively weak, with a current ratio of 0.08, indicating that the company's current assets are significantly lower than its current liabilities. The company's cash and equivalents amount to 95,000,000 SEK, which is far below the long-term debt of 14,245,000,000 SEK, resulting in a negative net cash position. This suggests a potential liquidity risk, as the company may struggle to meet short-term obligations without additional financing.

The company's profitability is underperforming, with a return on equity (ROE) of -0.82% and a return on assets (ROA) of -0.34%. These negative returns indicate that the company is not generating sufficient returns to cover its cost of capital, which is a concern for investors. The operating income of 312,000,000 SEK is significantly lower than the gross profit of 327,000,000 SEK, suggesting high operating expenses or other costs that are eroding profitability.

The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no material diversification across geographic regions or product lines. This lack of diversification increases the company's exposure to market-specific risks, such as local economic downturns or regulatory changes that could impact its operations.

Looking ahead, the company's growth trajectory appears uncertain. The net income for the period was -103,000,000 SEK, indicating a loss, which may signal challenges in maintaining or growing revenue. Analysts have provided a mean price target of 83.33 SEK, with a median of 80.00 SEK, suggesting a mixed outlook. The mean recommendation of 2.75 indicates a cautious stance, with no strong buy ratings and only two buy ratings among analysts.

The company faces several risk factors, including liquidity constraints and the potential for dilution, although the risk of dilution is currently assessed as low. The negative net cash position and high debt-to-equity ratio of 1.13 suggest that the company may need to raise additional capital in the future, which could lead to equity dilution or increased interest costs. The risk assessment also highlights the need for close monitoring of the company's liquidity position and debt management strategies.

Recent events, including the company's financial performance and analyst estimates, indicate a need for strategic adjustments to improve profitability and liquidity. The company's operating cash flow of 190,000,000 SEK is a positive sign, but it is not sufficient to cover the net loss or reduce the debt burden. The company may need to explore cost-cutting measures, asset sales, or refinancing options to stabilize its financial position.

Free cash flow surged 212.4% year-over-year to SEK 453 million in fiscal 2026, demonstrating strong cash generation.

Revenue grew at a 9.8% compound annual growth rate from 2022 to 2026, showing consistent top-line expansion.

Net income increased 84.2% year-over-year to SEK 698 million in fiscal 2026, signaling a recovery in profitability.

Analysts assign a mean price target of SEK 83.33, suggesting potential upside from current market levels.

High credit risk flag indicates significant potential for financial distress or default, undermining investment safety.

Return on equity of -0.82% ranks in the bottom quartile, reflecting poor capital efficiency compared to peers.

Debt-to-equity ratio of 1.13 is more than double the cohort median of 0.52, indicating high leverage.

Cash conversion ratio of -1.84 is in the bottom quartile, suggesting poor ability to convert earnings to cash.

Revenue kr 435.0M, −2,2% YoY; Operating income −5,1% YoY.

• ▍Revenue kr 435.0M, −2,2% YoY
• ▍Operating income −5,1% YoY
• ▍Net income +44,9% YoY
• ▍Net margin 61.6%

Revenue kr 438.0M, −1,1% YoY; Operating income +1,3% YoY.

• ▍Revenue kr 438.0M, −1,1% YoY
• ▍Operating income +1,3% YoY
• ▍Net income −1,0% YoY
• ▍Net margin 70.5%

Revenue kr 433.0M, +4,1% YoY; Operating income +1,6% YoY.

• ▍Revenue kr 433.0M, +4,1% YoY
• ▍Operating income +1,6% YoY
• ▍Net income +365,8% YoY
• ▍Net margin 48.5%

Revenue kr 431.0M, +5,9% YoY; Operating income +5,5% YoY.

• ▍Revenue kr 431.0M, +5,9% YoY
• ▍Operating income +5,5% YoY
• ▍Net income +93,2% YoY
• ▍Net margin -1.6%

Revenue kr 445.0M; Operating income kr 331.0M.

• ▍Revenue kr 445.0M
• ▍Operating income kr 331.0M
• ▍Net margin 41.6%

Revenue kr 443.0M; Operating income kr 318.0M.

• ▍Revenue kr 443.0M
• ▍Operating income kr 318.0M
• ▍Net margin 70.4%

Revenue kr 416.0M; Operating income kr 319.0M.

• ▍Revenue kr 416.0M
• ▍Operating income kr 319.0M
• ▍Net margin -19.0%

Revenue kr 407.0M; Operating income kr 312.0M.

• ▍Revenue kr 407.0M
• ▍Operating income kr 312.0M
• ▍Net margin -25.3%

Revenue kr 1.75B, +4,6% YoY; Operating income +4,7% YoY.

• ▍Revenue kr 1.75B, +4,6% YoY
• ▍Operating income +4,7% YoY
• ▍Net income +84,2% YoY
• ▍Free cash flow +212,4% YoY
• ▍Net margin 40.0%

Revenue kr 1.67B, +14,9% YoY; Operating income +16,2% YoY.

• ▍Revenue kr 1.67B, +14,9% YoY
• ▍Operating income +16,2% YoY
• ▍Net income +140,2% YoY
• ▍Free cash flow +112,0% YoY
• ▍Net margin 22.7%

Revenue kr 1.45B, +18,2% YoY; Operating income +21,8% YoY.

• ▍Revenue kr 1.45B, +18,2% YoY
• ▍Operating income +21,8% YoY
• ▍Net income −131,2% YoY
• ▍Free cash flow −143,8% YoY
• ▍Net margin -64.9%

Revenue kr 1.23B, +2,3% YoY; Operating income +1,9% YoY.

• ▍Revenue kr 1.23B, +2,3% YoY
• ▍Operating income +1,9% YoY
• ▍Net income +77,4% YoY
• ▍Free cash flow +89,3% YoY
• ▍Net margin 246.2%