2026 Q2 -tulosraportti
39 päivää sitten
‧38 min
1,20 SEK/osake
Viimeisin osinko
0,00%Tuotto/v
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 4.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 16.7. | ||
2026 Q1 -tulosraportti 6.5. | ||
2025 Q4 -tulosraportti 25.2. | ||
2025 Q3 -tulosraportti 7.11.2025 | ||
2025 Q2 -tulosraportti 20.8.2025 |
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·2 t sittenMore favorable to buy Sveafastigheter/Klarabo directly than to invest in SBB I have now investigated a central question for SBB: What would the book value for the company have been if all the company's investments had been classified in the balance sheet at market value, instead of some of the values being consolidated at book property value? SBB is probably increasingly moving towards being an investment company, so regardless of IFRS and accounting rules stating that items in controlling companies shall be consolidated, it is probably more interesting to see the net asset value in SBB assessed according to market values. The conclusion is that it is better to invest directly in Sveafastigheter, Klarabo or PPI, rather than going the way via SBB, as one in practice today pays a premium via SBB. In other words, SBB appears as an attractive company to invest in based on a price-to-book analysis, but the subsidiaries appear far more attractive. To reach that conclusion, I base this on the Consolidated balance sheet (page 16 in the Q2, 2026 report). Here we find that “Equity attributable to Parent Company shareholders” is 11.159 mSEK. The absolutely most relevant items to adjust for the analysis refer to Sveafastigheter, as this entire company's balance sheet – in contrast to PPI and Nordiqus' – is consolidated into SBB's accounts, due to SBB being the majority shareholder. Sveafastigheter's balance sheet, from Q2 2026, is consolidated in its entirety into the balance sheet. For example, we see that investment properties are recorded at 29.367 mSEK (see table on page 17 in the report (“Fair value at end of period”), which refers to corresponding figures on page 17 in Sveafastigheter's Q2 2026 report.) Knowing that all figures are consolidated from Sveafastigheter, we also know that equity from this company is included at 15.084. However, adjustments are made in the SBB balance sheet for non-controlling interests, i.e., the 37% of Sveafastigheter that SBB does not own, and 5.585 mSEK is categorized in the balance sheet as non-controlling interests, outside "Equity attributable to Parent Company shareholders." The interesting thing here is how much less equity SBB would have had in the balance sheet if Sveafastigheter had been listed at market value, i.e., in the item “Participations in joint ventures and associated companies” instead of at book value. We know that Sveafastigheter's market cap was 6.040 mSEK on 30. June 2026, i.e., only 40% of its book equity. Equity in SBB would therefore have been 15.084 * 0,63 (SBB's share) * 0,6 = 5.702 mSEK lower if market value had been used as a basis instead of book value. If we choose not to make adjustments to the remaining part of “investment properties”, i.e., SBB excl. Sveafastigheter, “Equity attributable to Parent Company shareholders” on 30. June 2026 would have been 11.159 - 5.702 = 5.457 mSEK if Sveafastigheter had been listed in the balance sheet at market value. Since 30. June, however, both Sveafastigheter's and PPI's market values have strengthened somewhat, approx. 1,5%, so that equity currently would have been approx. 5.457 + (22.078 + 15.084*0,4)* 0,015 = 5.880 mSEK. Given that today's market cap in SBB is 6.270 mSEK, this corresponds to SBB's “book value if Sveafastigheter is valued at market price in the balance sheet” = 2,98 SEK/share. BUT: Does this mean that the company is a bad investment or that underlying values are lower than the share price? No, by no means. In the consolidated financial statements, if we base ourselves on real property values in the subsidiaries, the book value per share in SBB would have been close to 8 SEK (ref. page 2 in SBB's Q2 2026 report – Long-term net asset value (NAV), SEK per share = 7,94) BUT-BUT: Even though SBB appears very reasonable given a real price to book-ratio, one pays a premium, approx. (3,18 (today's price) / 2,98 -1) = 7% by buying SBB rather than buying the subsidiaries directly, i.e., in Sveafastigheter and Klarabo (especially) and PPI (to a somewhat lesser extent). And that is before we possibly consider the valuation of especially “Receivables from joint ventures and associated companies” at 5,507 mSEK, which is probably mainly a loan from SBB to Nordiqus, and which is the last large, central asset to consider in the balance sheet. To the extent that this item has a real value lower than the book value, the premium when buying SBB is proportionally higher vs. investing in Svea/Klarabo/PPI. Concluding comment: Sveafastigheter and Klarabo appear very reasonable, measured by standard valuation principles assessed by price to book, in addition to the balance sheets appearing solid. In short, one gets 2.5 properties for the price of 1, given that today's price is approx. 40% of book value (which in turn is based on updated, real property values.) More on that in another post.
Good question, and I'm wondering the same thing myself. 7 mill. is a whole lot of money no matter how much one holds.
·20.8. · MuokattuThe Riksbank thinks they are clever when they indicate interest rate hikes. Economic boom? Unemployment second highest in Europe and they are going to raise the interest rate? Time to wake up, Riksbank, we have two percent inflation and then the Riksbank should lower it.
Weak Swedes can't even handle a few % interest. Doped market that is headed for the basement.- ·20.8.Is Røkke in on this?Røkke is steadily buying up more, and in addition a relatively large insider purchase today -and the stock falls 4%!?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2026 Q2 -tulosraportti
39 päivää sitten
‧38 min
1,20 SEK/osake
Viimeisin osinko
0,00%Tuotto/v
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·2 t sittenMore favorable to buy Sveafastigheter/Klarabo directly than to invest in SBB I have now investigated a central question for SBB: What would the book value for the company have been if all the company's investments had been classified in the balance sheet at market value, instead of some of the values being consolidated at book property value? SBB is probably increasingly moving towards being an investment company, so regardless of IFRS and accounting rules stating that items in controlling companies shall be consolidated, it is probably more interesting to see the net asset value in SBB assessed according to market values. The conclusion is that it is better to invest directly in Sveafastigheter, Klarabo or PPI, rather than going the way via SBB, as one in practice today pays a premium via SBB. In other words, SBB appears as an attractive company to invest in based on a price-to-book analysis, but the subsidiaries appear far more attractive. To reach that conclusion, I base this on the Consolidated balance sheet (page 16 in the Q2, 2026 report). Here we find that “Equity attributable to Parent Company shareholders” is 11.159 mSEK. The absolutely most relevant items to adjust for the analysis refer to Sveafastigheter, as this entire company's balance sheet – in contrast to PPI and Nordiqus' – is consolidated into SBB's accounts, due to SBB being the majority shareholder. Sveafastigheter's balance sheet, from Q2 2026, is consolidated in its entirety into the balance sheet. For example, we see that investment properties are recorded at 29.367 mSEK (see table on page 17 in the report (“Fair value at end of period”), which refers to corresponding figures on page 17 in Sveafastigheter's Q2 2026 report.) Knowing that all figures are consolidated from Sveafastigheter, we also know that equity from this company is included at 15.084. However, adjustments are made in the SBB balance sheet for non-controlling interests, i.e., the 37% of Sveafastigheter that SBB does not own, and 5.585 mSEK is categorized in the balance sheet as non-controlling interests, outside "Equity attributable to Parent Company shareholders." The interesting thing here is how much less equity SBB would have had in the balance sheet if Sveafastigheter had been listed at market value, i.e., in the item “Participations in joint ventures and associated companies” instead of at book value. We know that Sveafastigheter's market cap was 6.040 mSEK on 30. June 2026, i.e., only 40% of its book equity. Equity in SBB would therefore have been 15.084 * 0,63 (SBB's share) * 0,6 = 5.702 mSEK lower if market value had been used as a basis instead of book value. If we choose not to make adjustments to the remaining part of “investment properties”, i.e., SBB excl. Sveafastigheter, “Equity attributable to Parent Company shareholders” on 30. June 2026 would have been 11.159 - 5.702 = 5.457 mSEK if Sveafastigheter had been listed in the balance sheet at market value. Since 30. June, however, both Sveafastigheter's and PPI's market values have strengthened somewhat, approx. 1,5%, so that equity currently would have been approx. 5.457 + (22.078 + 15.084*0,4)* 0,015 = 5.880 mSEK. Given that today's market cap in SBB is 6.270 mSEK, this corresponds to SBB's “book value if Sveafastigheter is valued at market price in the balance sheet” = 2,98 SEK/share. BUT: Does this mean that the company is a bad investment or that underlying values are lower than the share price? No, by no means. In the consolidated financial statements, if we base ourselves on real property values in the subsidiaries, the book value per share in SBB would have been close to 8 SEK (ref. page 2 in SBB's Q2 2026 report – Long-term net asset value (NAV), SEK per share = 7,94) BUT-BUT: Even though SBB appears very reasonable given a real price to book-ratio, one pays a premium, approx. (3,18 (today's price) / 2,98 -1) = 7% by buying SBB rather than buying the subsidiaries directly, i.e., in Sveafastigheter and Klarabo (especially) and PPI (to a somewhat lesser extent). And that is before we possibly consider the valuation of especially “Receivables from joint ventures and associated companies” at 5,507 mSEK, which is probably mainly a loan from SBB to Nordiqus, and which is the last large, central asset to consider in the balance sheet. To the extent that this item has a real value lower than the book value, the premium when buying SBB is proportionally higher vs. investing in Svea/Klarabo/PPI. Concluding comment: Sveafastigheter and Klarabo appear very reasonable, measured by standard valuation principles assessed by price to book, in addition to the balance sheets appearing solid. In short, one gets 2.5 properties for the price of 1, given that today's price is approx. 40% of book value (which in turn is based on updated, real property values.) More on that in another post.Good question, and I'm wondering the same thing myself. 7 mill. is a whole lot of money no matter how much one holds.
- ·20.8. · MuokattuThe Riksbank thinks they are clever when they indicate interest rate hikes. Economic boom? Unemployment second highest in Europe and they are going to raise the interest rate? Time to wake up, Riksbank, we have two percent inflation and then the Riksbank should lower it.Weak Swedes can't even handle a few % interest. Doped market that is headed for the basement.
- ·20.8.Is Røkke in on this?Røkke is steadily buying up more, and in addition a relatively large insider purchase today -and the stock falls 4%!?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 4.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 16.7. | ||
2026 Q1 -tulosraportti 6.5. | ||
2025 Q4 -tulosraportti 25.2. | ||
2025 Q3 -tulosraportti 7.11.2025 | ||
2025 Q2 -tulosraportti 20.8.2025 |
2026 Q2 -tulosraportti
39 päivää sitten
‧38 min
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 4.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 16.7. | ||
2026 Q1 -tulosraportti 6.5. | ||
2025 Q4 -tulosraportti 25.2. | ||
2025 Q3 -tulosraportti 7.11.2025 | ||
2025 Q2 -tulosraportti 20.8.2025 |
1,20 SEK/osake
Viimeisin osinko
0,00%Tuotto/v
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·2 t sittenMore favorable to buy Sveafastigheter/Klarabo directly than to invest in SBB I have now investigated a central question for SBB: What would the book value for the company have been if all the company's investments had been classified in the balance sheet at market value, instead of some of the values being consolidated at book property value? SBB is probably increasingly moving towards being an investment company, so regardless of IFRS and accounting rules stating that items in controlling companies shall be consolidated, it is probably more interesting to see the net asset value in SBB assessed according to market values. The conclusion is that it is better to invest directly in Sveafastigheter, Klarabo or PPI, rather than going the way via SBB, as one in practice today pays a premium via SBB. In other words, SBB appears as an attractive company to invest in based on a price-to-book analysis, but the subsidiaries appear far more attractive. To reach that conclusion, I base this on the Consolidated balance sheet (page 16 in the Q2, 2026 report). Here we find that “Equity attributable to Parent Company shareholders” is 11.159 mSEK. The absolutely most relevant items to adjust for the analysis refer to Sveafastigheter, as this entire company's balance sheet – in contrast to PPI and Nordiqus' – is consolidated into SBB's accounts, due to SBB being the majority shareholder. Sveafastigheter's balance sheet, from Q2 2026, is consolidated in its entirety into the balance sheet. For example, we see that investment properties are recorded at 29.367 mSEK (see table on page 17 in the report (“Fair value at end of period”), which refers to corresponding figures on page 17 in Sveafastigheter's Q2 2026 report.) Knowing that all figures are consolidated from Sveafastigheter, we also know that equity from this company is included at 15.084. However, adjustments are made in the SBB balance sheet for non-controlling interests, i.e., the 37% of Sveafastigheter that SBB does not own, and 5.585 mSEK is categorized in the balance sheet as non-controlling interests, outside "Equity attributable to Parent Company shareholders." The interesting thing here is how much less equity SBB would have had in the balance sheet if Sveafastigheter had been listed at market value, i.e., in the item “Participations in joint ventures and associated companies” instead of at book value. We know that Sveafastigheter's market cap was 6.040 mSEK on 30. June 2026, i.e., only 40% of its book equity. Equity in SBB would therefore have been 15.084 * 0,63 (SBB's share) * 0,6 = 5.702 mSEK lower if market value had been used as a basis instead of book value. If we choose not to make adjustments to the remaining part of “investment properties”, i.e., SBB excl. Sveafastigheter, “Equity attributable to Parent Company shareholders” on 30. June 2026 would have been 11.159 - 5.702 = 5.457 mSEK if Sveafastigheter had been listed in the balance sheet at market value. Since 30. June, however, both Sveafastigheter's and PPI's market values have strengthened somewhat, approx. 1,5%, so that equity currently would have been approx. 5.457 + (22.078 + 15.084*0,4)* 0,015 = 5.880 mSEK. Given that today's market cap in SBB is 6.270 mSEK, this corresponds to SBB's “book value if Sveafastigheter is valued at market price in the balance sheet” = 2,98 SEK/share. BUT: Does this mean that the company is a bad investment or that underlying values are lower than the share price? No, by no means. In the consolidated financial statements, if we base ourselves on real property values in the subsidiaries, the book value per share in SBB would have been close to 8 SEK (ref. page 2 in SBB's Q2 2026 report – Long-term net asset value (NAV), SEK per share = 7,94) BUT-BUT: Even though SBB appears very reasonable given a real price to book-ratio, one pays a premium, approx. (3,18 (today's price) / 2,98 -1) = 7% by buying SBB rather than buying the subsidiaries directly, i.e., in Sveafastigheter and Klarabo (especially) and PPI (to a somewhat lesser extent). And that is before we possibly consider the valuation of especially “Receivables from joint ventures and associated companies” at 5,507 mSEK, which is probably mainly a loan from SBB to Nordiqus, and which is the last large, central asset to consider in the balance sheet. To the extent that this item has a real value lower than the book value, the premium when buying SBB is proportionally higher vs. investing in Svea/Klarabo/PPI. Concluding comment: Sveafastigheter and Klarabo appear very reasonable, measured by standard valuation principles assessed by price to book, in addition to the balance sheets appearing solid. In short, one gets 2.5 properties for the price of 1, given that today's price is approx. 40% of book value (which in turn is based on updated, real property values.) More on that in another post.Good question, and I'm wondering the same thing myself. 7 mill. is a whole lot of money no matter how much one holds.
- ·20.8. · MuokattuThe Riksbank thinks they are clever when they indicate interest rate hikes. Economic boom? Unemployment second highest in Europe and they are going to raise the interest rate? Time to wake up, Riksbank, we have two percent inflation and then the Riksbank should lower it.Weak Swedes can't even handle a few % interest. Doped market that is headed for the basement.
- ·20.8.Is Røkke in on this?Røkke is steadily buying up more, and in addition a relatively large insider purchase today -and the stock falls 4%!?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt