1. Sweden Stocks

  2. •

    Finance

  3. •

    Real estate development
AB Sagax Class A

AB Sagax Class A

167.90
SEK
+2.60
(+1.57%)
15.41EPS
10.17P/E
72.92BMarket Cap
AB Sagax Class A
STO:SAGA_B
(Nasdaq Stockholm)

Recent

price

167.90

P/E

ratio

10.17

div

yld

4.95%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
SEK
2.52
2.79
2.94
3.12
3.61
4.19
5.07
4.86
5.61
8.61
9.59
10.29
12.27
13.91
15.65
16.7
16.86
Revenue per Share
1.6
0.17
1.33
2.64
2.49
5.45
7.96
7.7
7.91
12.75
11.3
31.48
8.11
-0.04
16.25
12.51
15.16
Basic EPS, GAAP
1.26
1.18
1.39
1.4
2.07
2.48
3.17
3.03
3.97
6.07
8.44
7.79
10.43
10.65
10.2
11.04
5.51
Free Cash Flow per Basic Share
0.18
0.4
0.46
0.55
0.63
0.79
0.97
1
1.2
1.85
2.24
2.61
3.08
3.58
4.02
4.44
8.31
Dividend per Share
8.13
7.88
5.19
12.3
15.02
19.77
27.19
31.18
38.52
47.43
53.01
73.25
78.8
82.37
92.18
95.96
95.61
Book Value per Share
8.13
7.88
5.19
12.3
15.02
19.77
27.19
31.18
38.52
47.43
53.01
73.25
78.8
82.37
92.18
95.96
95.61
Tangible Book Value per Share
256
281
281
294
303
308
308
385
400
303
303
303
304
310
323
323
323
Basic Weighted Avg Shares
644
783
824
919
1,093
1,291
1,563
1,870
2,247
2,608
2,908
3,123
3,727
4,318
5,063
5,402
5,454
Sales/Revenue/Turnover
84.14
81.63
81.43
82.15
81.24
81.18
80.49
79.25
77.3
77.15
77.85
77.68
76.68
78
79.08
78.75
77.56
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
492
122
372
777
753
1,681
2,453
2,965
3,166
4,111
3,711
9,807
2,718
-13
5,255
4,048
4,966
Net Income, GAAP
25.95
27.16
22.82
16.27
11.72
8.24
10.01
12.89
12.32
11.15
14.3
6.98
17.73
108.18
7.99
9.03
10.31
Effective Tax Rate (%)
76.3
15.56
45.15
84.55
68.89
130.21
156.94
158.56
140.9
157.63
127.61
314.02
72.93
-0.3
103.79
74.94
91.05
Profit Margin (%)
-22
-151
-116
-269
-323
-577
-1,402
-1,517
-1,258
-1,322
-1,867
1,173
2,750
-4,445
-5,053
-6,515
-6,382
Working Capital
5,287
6,244
6,019
6,822
8,332
9,959
10,896
11,937
13,866
16,422
18,371
23,758
30,200
25,890
30,500
32,030
34,164
LT Debt
2,206
2,223
2,794
3,723
4,544
5,981
8,709
11,356
15,416
19,257
22,452
31,079
33,463
36,578
41,803
42,792
45,382
Total Equity
5.94
5.9
6.14
6.75
6.96
6.87
6.33
5.87
5.84
5.56
5.15
4.76
4.02
-0.43
5.32
5.06
4.63
Return on Invested Capital (%)
9.25
3.89
6.64
10.38
8.92
13.53
14.81
14.35
12.57
13.04
10.29
20.28
4.98
-0.11
8.37
6.19
7.32
Return on Capital (%)
22.88
2.14
14.83
23.85
18.22
31.94
33.4
29.55
23.65
22.28
16.43
35.7
7.64
-0.04
13.56
9.69
11.37
Return on Common Equity (%)

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
7,199
7,799
8,174
LT Borrowings
31,493
32,013
33,557
LT Finance Leases
537
600
607
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
444
444
473
Market Capitalization
87,771
77,288
72,915

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,397
3,263
3,827
Cash, Cash Equivalents & STI
1,660
2,212
2,756
Accounts Receivable, Net
339
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
8,912
9,572
10,209
Payables & Accruals
- -
- -
- -
ST Debt
7,199
7,799
8,174
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.53%
14.41%
2.37%
Free Cash Flow
17.73%
7.77%
8.18%
Net Income, GAAP
-4,046.09%
-8,110.91%
-22.97%
Sales/Revenue/Turnover
15.5%
13.31%
6.7%
Total Cash Common Dividend
22.21%
30.76%
10.45%

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,193
1,213
1,339
1,317
5,063
2025
1,311
1,321
- -
1,397
5,402
2026
1,353
1,383
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.15
3.02
6.8
3.09
16.25
2025
2.52
1.47
- -
5.56
12.51
2026
4.06
4.07
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.19
3.44
0.19
0.19
4.02
2025
0.19
3.86
- -
0.19
4.44
2026
0.19
4.06
- -
- -
- -
Similar Companies
DLF Limited (NSE:DLF)
Opendoor Technologies Inc (NASDAQ:OPEN)
Samolet (MOEX:SMLT)
Alarko Holding A.S. (BIST:ALARK)
Godrej Properties Limited (NSE:GODREJPROP)
Lodha Developers Ltd. (NSE:LODHA)
Business
AB Sagax is a Sweden-based real estate company specializing in the investment, ownership, and management of commercial properties with a primary focus on warehouse and light industrial buildings. The company's portfolio comprises over 495 properties covering approximately 2.5 million square meters of lettable space, primarily located in Sweden, Finland, France, the Netherlands, Germany, and Denmark. Sagax's main products and services include property leasing and management of light industrial and warehouse facilities, along with add-on acquisitions and asset management services across these markets. The company caters mainly to government entities, municipalities, and corporate customers with significant sales operations. Founded in 1995 and headquartered in Stockholm, Sweden, Sagax operates its business concept on generating stable net operating income through long-term property management. Recent major developments include significant acquisitions of logistic and warehouse properties in Spain and other European markets during 2024 and 2025, expanding its footprint in prime logistics locations such as Barcelona. The company has also enhanced its strategic platform to facilitate investments across multiple sub-markets in seven European countries, increasing access to deal flow. Sagax has allocated substantial capital for acquisitions, investing SEK 6.7 billion in 2024 with net acquisitions accounting for SEK 5.6 billion, and continues to hold investments in joint ventures and associated companies to increase market reach. Sagax has intensified sustainability efforts by setting targets to reduce energy use by 30% by 2025, implementing green leases, increasing solar capacity installations, and utilizing green bond financing for eligible green building investments. The company remains committed to expanding its portfolio in the light industrial property segment and optimizing asset management to drive attractive risk-adjusted returns for shareholders. Its diversified European presence and stable rental income profile position Sagax as a specialized industrial-focused real estate investor with a robust platform for future growth.