Fabege stock: fair value
FABG.STThe fair value of Fabege under our model is $8.14, the price is 18% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Modestly undervaluedIn our model the price counts as cheap below $5.81 and expensive above $13.56 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $11.86 (cash-flow model) and $4.41 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 10.6%. At 11.6% the fair value would be $7.47, at 9.6% it would be $8.99.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (13.4).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.2%. Discounted at 10.6% (government bond yield 2.2% plus beta 2 times a risk premium of 4.2%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $11.86 per share: free cash flow for the next ten years, each year discounted to today at 10.6%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 10.6%) |
|---|---|---|---|---|
| 2026 | $216.6M | extrapolated at 24.1% | 0.9038 | $195.77M |
| 2027 | $254.59M | extrapolated at 17.5% | 0.8169 | $207.98M |
| 2028 | $287.52M | extrapolated at 12.9% | 0.7384 | $212.29M |
| 2029 | $315.42M | extrapolated at 9.7% | 0.6673 | $210.5M |
| 2030 | $338.92M | extrapolated at 7.4% | 0.6032 | $204.42M |
| 2031 | $358.8M | extrapolated at 5.9% | 0.5452 | $195.61M |
| 2032 | $375.89M | extrapolated at 4.8% | 0.4927 | $185.21M |
| 2033 | $390.88M | extrapolated at 4.0% | 0.4454 | $174.08M |
| 2034 | $404.34M | extrapolated at 3.4% | 0.4025 | $162.76M |
| 2035 | $416.74M | extrapolated at 3.1% | 0.3638 | $151.61M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.9B |
| Terminal value: cash flow 2035 × (1 + 2.2%) / (10.6% − 2.2%) | $5.03B |
| Present value of terminal value (× 0.3638) | $1.83B |
| Equity value (sum plus present value of terminal value) | $3.73B |
| Shares (diluted) | 314.58M |
| Value per share (equity value divided by shares) | $11.86 |
| Earnings per share, last twelve months | $0.33 |
| × 13.4 (industry P/E) | $4.41 |
| Fair value (average of both parts) | $8.14 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = SEK 9.9729)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 8 Nov 2026, previously Weak
- Valuation signal Fairly valued since 8 Nov 2026, previously Overvalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.