Sagax AB

Sagax AB maintains a capital structure with a debt-to-equity ratio of 0.86, indicating a moderate reliance on debt financing. The company's liquidity position is characterized by a current ratio of 0.28, suggesting limited short-term liquidity, and a negative net cash position after subtracting total debt. The company's return on equity (ROE) is 2.84%, and return on assets (ROA) is 1.41%, both of which are below the industry median for real estate firms, indicating relatively weak profitability.

The company's operating income of 1,171,000,000 SEK and net income of 1,080,000,000 SEK reflect a strong gross profit margin of 80.3%, but the ROE and ROA figures suggest that the company is not efficiently leveraging its equity or assets to generate returns. The real estate industry typically emphasizes asset turnover and leverage, and Sagax AB's performance in these areas appears to lag behind the industry median.

Sagax AB's revenue is not segmented by geographic region or business line in the available data, but the company's exposure to real estate markets is likely concentrated in its primary operating region. The absence of detailed geographic or segment breakdowns limits the ability to assess diversification risk.

The company's growth trajectory is not explicitly outlined in the available data, but the operating cash flow of 499,000,000 SEK and capital expenditure of -2,000,000 SEK suggest a focus on maintaining rather than expanding its asset base. The capital expenditure is negative, indicating a net cash inflow from investing activities, which may reflect asset sales or a reduction in development projects.

The risk assessment indicates a medium liquidity risk and a low dilution risk. The company's liquidity position is constrained by a low current ratio and negative net cash, but the dilution risk is low, as there is no indication of significant share issuance or dilution potential in the near term. The company's capital structure and financial leverage are stable, with long-term debt of 32,577,000,000 SEK and total equity of 38,045,000,000 SEK.

No recent events or filings are explicitly mentioned in the available data, but the company's financial performance and risk profile suggest a stable but conservative approach to capital management and growth. The company's operating cash flow and net income indicate a solid financial position, but the low ROE and ROA suggest that there is room for improvement in asset utilization and return generation.

Revenue grew at a 14.8% CAGR over four years, demonstrating consistent top-line expansion despite volatility.

Six analysts maintain a buy recommendation with a mean price target of 194.5 SEK.

The company faces high credit risk, posing potential challenges for refinancing or maintaining current leverage levels.

Long-term debt increased to 39.2 billion SEK in FY2026, reflecting a rising leverage burden.

Revenue kr 1.39B, +5,6% YoY; Operating income +71,0% YoY.

• ▍Revenue kr 1.39B, +5,6% YoY
• ▍Operating income +71,0% YoY
• ▍Net income +80,1% YoY
• ▍Net margin 129.4%

Revenue kr 1.37B, +6,0% YoY; Operating income −61,8% YoY.

• ▍Revenue kr 1.37B, +6,0% YoY
• ▍Operating income −61,8% YoY
• ▍Net income −59,3% YoY
• ▍Net margin 65.5%

Revenue kr 1.31B, +9,2% YoY; Operating income −24,2% YoY.

• ▍Revenue kr 1.31B, +9,2% YoY
• ▍Operating income −24,2% YoY
• ▍Net income −51,5% YoY
• ▍Net margin 36.1%

Revenue kr 1.31B, +10,3% YoY; Operating income −19,0% YoY.

• ▍Revenue kr 1.31B, +10,3% YoY
• ▍Operating income −19,0% YoY
• ▍Net income −18,6% YoY
• ▍Net margin 67.3%

Revenue kr 1.32B; Operating income kr 1.04B.

• ▍Revenue kr 1.32B
• ▍Operating income kr 1.04B
• ▍Net margin 75.9%

Revenue kr 1.29B; Operating income kr 2.44B.

• ▍Revenue kr 1.29B
• ▍Operating income kr 2.44B
• ▍Net margin 170.4%

Revenue kr 1.20B; Operating income kr 1.08B.

• ▍Revenue kr 1.20B
• ▍Operating income kr 1.08B
• ▍Net margin 81.4%

Revenue kr 1.19B; Operating income kr 1.17B.

• ▍Revenue kr 1.19B
• ▍Operating income kr 1.17B
• ▍Net margin 91.1%

Revenue kr 5.38B, +7,7% YoY; Operating income −21,9% YoY.

• ▍Revenue kr 5.38B, +7,7% YoY
• ▍Operating income −21,9% YoY
• ▍Net income −23,0% YoY
• ▍Free cash flow −34,3% YoY
• ▍Net margin 75.3%

Revenue kr 4.99B, +16,3% YoY; Operating income +403,5% YoY.

• ▍Revenue kr 4.99B, +16,3% YoY
• ▍Operating income +403,5% YoY
• ▍Net income +40 523,1% YoY
• ▍Free cash flow +387,5% YoY
• ▍Net margin 105.2%

Revenue kr 4.29B, +16,1% YoY; Operating income −48,6% YoY.

• ▍Revenue kr 4.29B, +16,1% YoY
• ▍Operating income −48,6% YoY
• ▍Net income −100,5% YoY
• ▍Free cash flow −178,7% YoY
• ▍Net margin -0.3%

Revenue kr 3.70B, +19,2% YoY; Operating income −72,9% YoY.

• ▍Revenue kr 3.70B, +19,2% YoY
• ▍Operating income −72,9% YoY
• ▍Net income −72,3% YoY
• ▍Free cash flow −80,8% YoY
• ▍Net margin 73.6%