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SBOS.OL Oslo Børs Real Estate Rental, Development & Operations

Selvaag Bolig ASA

kr33,60
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Mcap
P/E
EV / Rev
Div yield
2,97 %
Op margin
10,5 %
ROE
2,4 %
Net margin
8,9 %
Debt / equity
0,51
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

Selvaag Bolig ASA develops and operates real estate properties in Norway, generating revenue primarily through property sales and rental income.

Business. Selvaag Bolig ASA (SBOS.OL) is a real estate company engaged in rental, development, and operations activities. The firm is headquartered in Norway and is primarily listed on the Oslo Børs. Specific details regarding operating segments and geographic revenue mix are not available.

Classification92 %
SectorReal Estate
IndustryReal Estate Rental, Development & Operations
Generated · model-assisted
Sell-side consensus
BUY3 analysts
1 buy2 hold0 sell
Avg 12m price target38,33

Analyst recommendations

3 analysts · consensus Buy
Buy1
Hold2
Sell0
12-month price target
38,33
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Buy
3 analysts · indicative
Ownership
not yet wired
Profitability
2,4 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning SBOS.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate · THIS SECTOR−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to SBOS.OL. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Selvaag Bolig ASA (SBOS.OL) is a real estate company engaged in rental, development, and operations activities. The firm is headquartered in Norway and is primarily listed on the Oslo Børs. Specific details regarding operating segments and geographic revenue mix are not available.

    Classification92 %
    SectorReal Estate
    IndustryReal Estate Rental, Development & Operations
    AI synthesis
    GENERATED

    Selvaag Bolig maintains a debt-to-equity ratio of 0.51, indicating a relatively conservative capital structure. The company's liquidity position is characterized as medium risk, with a current ratio of 3.4, suggesting it can cover short-term obligations but with limited excess capacity. Free cash flow of 54.99 million NOK supports operational flexibility, though capital expenditures of -3.21 million NOK indicate minimal reinvestment in the period.

    Profitability metrics show a return on equity of 2.37% and a return on assets of 1.24%, both below the industry median for real estate developers. Operating income of 65.60 million NOK and net income of 55.91 million NOK reflect a gross margin of 17.82%, which is in line with the sector average. However, the company's net cash position is negative after subtracting total debt, signaling potential refinancing risks.

    The company's revenue is concentrated in Norway, with no disclosed international operations, and no segment breakdown is available in the latest financials. This geographic concentration exposes the company to local economic and regulatory conditions, which could affect future performance.

    Outlook data is not available for Selvaag Bolig, but historical revenue growth has been modest, with a total revenue of 627.74 million NOK in the latest period. Analysts have assigned a mean price target of 38.33 NOK, with a median of 37.00 NOK, and a mean recommendation of 2.33, indicating a cautious outlook.

    Risk factors include liquidity constraints and the potential for refinancing challenges due to the negative net cash position. Dilution risk is assessed as low, with no significant changes in shares outstanding between basic and diluted figures. No recent events or filings have been disclosed that would materially impact the company's operations or valuation.

    Analyst estimates suggest a mixed outlook, with one strong-buy recommendation and two hold ratings, but no buy recommendations. The company's performance is closely tied to the Norwegian real estate market, and any downturn could affect its ability to maintain current profitability levels.

    Key takeaways
    • Selvaag Bolig has a conservative capital structure with a debt-to-equity ratio of 0.51.
    • The company's return on equity of 2.37% is below the industry median for real estate developers.
    • Revenue is concentrated in Norway, exposing the company to local economic and regulatory conditions.
    • Analysts have a cautious outlook, with a mean price target of 38.33 NOK and a mean recommendation of 2.33.
    • The company faces liquidity constraints and potential refinancing challenges due to a negative net cash position.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 4

    Analysts project 14.1% upside to a mean price target of 38.33 NOK, reflecting a consensus buy recommendation.

    Return on equity of 2.37% outperforms the 1.94% median benchmark for the real estate sector.

    Cash conversion of 2.63 places the company in the top quartile above the 0.29 cohort median.

    Debt-to-equity ratio of 0.51 is slightly better than the 0.52 median for the real estate cohort.

    BEAR CASE · 1

    The company faces high credit risk and medium liquidity risk according to internal risk flag assessments.

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-02-11
    Q4 2025 · Quarter highlights

    Revenue kr 1.09B, +119,0% YoY; Operating income +180,2% YoY.

    Revenuekr 1.09B+119,0 % YoY
    Operating incomekr 136.0M+180,2 % YoY
    Net incomekr 129.1M+177,0 % YoY
    Free cash flowkr 131.0M+165,8 % YoY
    EPS
    Operating cash flow-kr 1.31B−1 604,8 % YoY
    Financials
    Income statement
    Revenuekr 1.09B
    Gross profitkr 152.2M
    Operating incomekr 136.0M
    Net incomekr 129.1M
    Margins
    Gross margin14.0%
    Operating margin12.5%
    Net margin11.8%
    FCF margin12.0%
    Balance sheet
    Total assetskr 6.80B
    Total liabilitieskr 4.40B
    Total equitykr 2.40B
    Cash & equivalentskr 254.8M
    Long-term debtkr 3.06B
    Cash flow
    Operating cash flow-kr 1.31B
    CapEx-kr 2.4M
    Free cash flowkr 131.0M
    SBC
    P&L flow · revenue → net income
    Revenue kr 1.09BOperating costs kr 954.6MTax kr 6.9MNet income kr 129.1M
    Highlights
    • Revenue kr 1.09B, +119,0% YoY
    • Operating income +180,2% YoY
    • Net income +177,0% YoY
    • Free cash flow +165,8% YoY
    • Net margin 11.8%

    Valuation TTM

    Market price
    kr33,60
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    kr2.36B
    Net cash
    -kr997.2M
    Current ratio
    3.4
    Debt / equity
    0.5
    ROA
    1.2%
    ROE
    2.4%
    Cash conversion
    263.0%
    CapEx / revenue
    -0.5%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    3,59
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    3
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-16 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate3,59
    Revenueno estimateno estimate4,2B NOK
    Operating incomeno estimateno estimate428,0M NOK
    Full-year consensus mean (period as reported by source) · consensus in NOK. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution3 analysts
    Strong buy1
    Buy0
    Hold2
    Sell0
    Strong sell0
    12-month price targetkr38,33 · Median kr37,00
    Low kr37,00High kr41,00
    Operating income · consensus428,0M NOK
    EPS surprise
    −60,5 %
    reported vs consensus · miss
    Revenue surprise
    −52,7 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Lowkr37,00
    Meankr38,33
    Mediankr37,00
    Highkr41,00
    Spotkr33,60
    +14.1 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin10,4 %Below median
    Net Margin8,9 %Above median
    ROE2,4 %Above median
    Capex / Rev-0,5 %Above median
    D/E0,51Above median
    Cash Conv2,63Above P75

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • Selvaag Bolig ASA Market data — financials · 2026-05-29
    • Selvaag Bolig ASA Market data — analyst estimates · 2026-05-29
    • Selvaag Bolig ASA Market data — ESG · 2026-05-29

    Ownership & reference

    Leadership

    • Sverre MolvikCEO

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    SBOS.OLCanonical
    Oslo Børs · NOK

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    • Current ratio (FY 2024-12-31): 1.50xDerived (calculated)
    • Debt-to-equity (FY 2024-12-31): 0.58xDerived (calculated)
    • Net margin (FY 2024-12-31): 77.9%Derived (calculated)
    • Return on equity (FY 2024-12-31): 3.3%Derived (calculated)
    • Return on assets (FY 2024-12-31): 2.1%Derived (calculated)
    • Non current assets (annual): NOK 2.62BBRREG filing
    • Current liabilities (annual): NOK 319.57MBRREG filing
    • Total liabilities (annual): NOK 1.13BBRREG filing
    • Shareholders' equity (annual): NOK 1.96BBRREG filing
    • Non current liabilities (annual): NOK 812.71MBRREG filing
    • Total equity & liabilities (annual): NOK 3.1BBRREG filing
    • Current assets (annual): NOK 480.1MBRREG filing
    • Total assets (annual): NOK 3.1BBRREG filing
    • Finance expense (annual): NOK 174.54MBRREG filing
    • Total operating expenses (annual): NOK 206.49MBRREG filing
    • Revenue (annual): NOK 83.01MBRREG filing
    • Operating income (annual): NOK -123.48MBRREG filing
    • Pre-tax income (annual): NOK 112.89MBRREG filing
    • Net income (annual): NOK 64.65MBRREG filing
    Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-06-20 00:43 UTCANALYSTAnalyst coverage initiated
    2026-05-21 05:24 UTCFILINGRegulatory filing →
    2026-02-11 06:00 UTCEARNINGSQuarterly results — Q4 2025 Revenue NOK 1.09B · Net NOK 129.1M
    2026-02-11 06:00 UTCEARNINGSAnnual results — FY 2026 Revenue NOK 2.09B · Net NOK 133.0M
    2025-11-06 06:00 UTCEARNINGSQuarterly results — Q3 2025 Revenue NOK 567.5M · Net NOK 23.3M
    2025-08-07 06:00 UTCEARNINGSQuarterly results — Q2 2025 Revenue NOK 261.4M · Net NOK 1.6M
    2025-05-21 06:00 UTCEARNINGSQuarterly results — Q1 2025 Revenue NOK 167.0M · Net NOK -21.0M
    2025-02-12 06:00 UTCEARNINGSQuarterly results — Q4 2024 Revenue NOK 498.1M · Net NOK 46.6M
    2025-02-12 06:00 UTCEARNINGSAnnual results — FY 2025 Revenue NOK 1.97B · Net NOK 176.9M
    2024-11-07 06:00 UTCEARNINGSQuarterly results — Q3 2024 Revenue NOK 225.0M · Net NOK -5.0M
    2024-08-08 06:00 UTCEARNINGSQuarterly results — Q2 2024 Revenue NOK 620.2M · Net NOK 79.4M
    2024-05-22 03:36 UTCEARNINGSQuarterly results — Q1 2024 Revenue NOK 627.7M · Net NOK 55.9M
    2024-02-13 06:00 UTCEARNINGSAnnual results — FY 2024 Revenue NOK 3.25B · Net NOK 244.6M
    2023-02-14 07:55 UTCEARNINGSAnnual results — FY 2023 Revenue NOK 2.90B · Net NOK 338.8M
    2022-02-15 06:50 UTCEARNINGSAnnual results — FY 2022 Revenue NOK 3.40B · Net NOK 504.9M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage