John Mattson Fastighetsföretagen stock: fair value
JOMA.STThe fair value of John Mattson Fastighetsföretagen under our model is $8.86, the price is 38% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $7.38 and expensive above $11.07 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $7.56 (cash-flow model) and $10.16 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 9.2%. At 10.2% the fair value would be $8.37, at 8.2% it would be $9.52.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (11.5).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.2%. Discounted at 9.2% (government bond yield 2.2% plus beta 1.67 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 $7.56 per share: free cash flow for the next ten years, each year discounted to today at 9.2%, 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 9.2%) |
|---|---|---|---|---|
| 2026 | $27.86M | extrapolated at 21.8% | 0.9154 | $25.5M |
| 2027 | $32.3M | extrapolated at 15.9% | 0.8379 | $27.06M |
| 2028 | $36.11M | extrapolated at 11.8% | 0.7670 | $27.69M |
| 2029 | $39.33M | extrapolated at 8.9% | 0.7021 | $27.61M |
| 2030 | $42.04M | extrapolated at 6.9% | 0.6426 | $27.02M |
| 2031 | $44.34M | extrapolated at 5.5% | 0.5882 | $26.08M |
| 2032 | $46.33M | extrapolated at 4.5% | 0.5384 | $24.95M |
| 2033 | $48.09M | extrapolated at 3.8% | 0.4929 | $23.7M |
| 2034 | $49.69M | extrapolated at 3.3% | 0.4512 | $22.42M |
| 2035 | $51.16M | extrapolated at 3.0% | 0.4130 | $21.13M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $253.17M |
| Terminal value: cash flow 2035 × (1 + 2.2%) / (9.2% − 2.2%) | $739.8M |
| Present value of terminal value (× 0.4130) | $305.52M |
| Equity value (sum plus present value of terminal value) | $558.69M |
| Shares (diluted) | 73.92M |
| Value per share (equity value divided by shares) | $7.56 |
| Earnings per share, last twelve months | $0.88 |
| × 11.5 (industry P/E) | $10.16 |
| Fair value (average of both parts) | $8.86 |
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, published since 7 Nov 2026 (in the score history since 2 May 2025)
- Valuation signal Undervalued since 7 Nov 2026
- 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.