Studentbostäder i Norden AB (publ) (STUDBO.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

+1571.8%

SEK 19.31

vs SEK 1.16 price

Levered DCF

-SEK 2.01

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.07

Distress zone

Rating

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	5.45×	41.45×	-0.75×	8.92×	15.97×	0.23×	-0.04×	-0.16×
P/B	0.49×	0.4×	0.13×	0.32×	1×	0.01×	0.19×	0.53×
P/S	2.44×	1.89×	0.68×	1.88×	8.71×	0.14×	0.42×	1.61×
EV / EBITDA	13.33×	20.17×	-18.57×	25.99×	67.6×	12.21×	-8.76×	-2.56×
Gross margin	62.7%	61.9%	64.3%	65.4%	50.7%	50.1%	41.1%	-223.3%
Operating margin	57.7%	55.2%	-168.6%	57.5%	28.8%	100.6%	-98.6%	-1055.8%
Net margin	44.2%	4.5%	-90.2%	21.0%	54.7%	60.3%	-950.9%	-1037.4%
Current ratio	0.08×	0.08×	0.05×	0.38×	0.39×	1.32×	0.27×	0.16×
Debt / equity	2.32×	2.64×	2.64×	2.34×	1.99×	1.39×	11.1×	8.16×
Interest coverage	1.17×	1.07×	-3.64×	2.32×	0.94×	5.01×	-2.1×	-9.11×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	9.1%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-1.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.8%	1.0%	-16.9%	3.6%	6.3%	5.9%	-444.5%	-338.9%
Return on invested capital	2.8%	0.7%	-6.0%	1.7%	0.6%	3.0%	-3.5%	-32.0%
Return on assets	2.6%	0.2%	-4.4%	1.0%	1.9%	2.3%	-30.5%	-30.7%
Free cash flow yield	6.4%	3.9%	-37.6%	20.2%	-1.4%	95.2%	-294.7%	-240.8%
Earnings yield	18.1%	2.4%	-133.1%	11.2%	6.3%	430.5%	-2279.8%	-644.9%
Enterprise value	SEK 6.7B	SEK 6.4B	SEK 5.7B	SEK 5.5B	SEK 5.2B	SEK 1.9B	SEK 964.7M	SEK 1.5B
Net debt / EBITDA	10.97×	17.54×	-17.71×	22.77×	44.07×	12.07×	-8.59×	-2.4×
Cash conversion cycle (days)	1	-12	-32	30	-16	13	-102	336