Intea Fastigheter AB Class B (INTEA-B.ST) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-169.2%

-SEK 44.31

vs SEK 64.00 price

Levered DCF

-SEK 35.15

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.79

Distress zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	26.11×	178.4×	-15.03×	10.5×	4.43×	1.12×	1.16×	0×
P/B	2.66×	0.93×	1.22×	1.09×	1.21×	0.24×	0.29×	0×
P/S	21.54×	86.28×	8.98×	10.34×	11.8×	0.84×	0.95×	0×
EV / EBITDA	23.16×	204.3×	-54.1×	13.57×	6.82×	10.13×	8.28×	2,470.53×
Gross margin	83.0%	81.8%	81.4%	80.3%	81.8%	81.9%	100.0%	100.0%
Operating margin	79.9%	76.9%	76.0%	73.3%	73.1%	69.9%	87.4%	87.6%
Net margin	82.4%	48.4%	-59.7%	98.5%	267.2%	75.1%	81.8%	60.2%
Current ratio	0.09×	0.1×	0.16×	0.12×	0×	0.29×	0×	0×
Debt / equity	1.08×	1.23×	1.66×	1.23×	1.38×	4.11×	3.63×	4.07×
Interest coverage	3.58×	0.21×	2.52×	3.7×	2.66×	1.6×	2.11×	0×
Dividend yield	0.7%	2.7%	2.7%	1.8%	2.6%	10.8%	7.6%	0.0%
Payout ratio	17.0%	487.7%	-40.1%	19.2%	11.4%	12.1%	8.8%	8.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.2%	0.5%	-8.1%	10.4%	27.3%	21.2%	25.1%	21.0%
Return on invested capital	3.4%	0.3%	3.1%	2.3%	1.8%	2.6%	3.3%	3.7%
Return on assets	4.4%	0.2%	-2.8%	4.2%	10.6%	3.8%	4.1%	3.1%
Free cash flow yield	-0.1%	-11.6%	-13.2%	-5.4%	3.1%	38.2%	23.5%	0.0%
Earnings yield	3.8%	0.6%	-6.7%	9.5%	22.6%	89.2%	86.4%	0.0%
Enterprise value	SEK 46.8B	SEK 21.4B	SEK 22.2B	SEK 20B	SEK 18.4B	SEK 8B	SEK 6.1B	SEK 4.2B
Net debt / EBITDA	6.51×	115.22×	-30.96×	7.12×	3.6×	9.55×	7.65×	2,470.53×
Cash conversion cycle (days)	-277	-1,349	-170	0	154	120	79	0