As of May 23, 2025, MaxFastigheter i Sverige AB has a Discounted Cash Flow (DCF) derived fair value of $125.67 per share. With the current market price at $50.20, this represents a potential upside of 150.3%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $75.59 |
| DCF Fair Value (10-year) | $125.67 |
| Potential Upside (5-year) | 50.6% |
| Potential Upside (10-year) | 150.3% |
| Discount Rate (WACC) | 4.4% - 7.0% |
Revenue is projected to grow from $187 million in 12-2020 to $492 million by 12-2030, representing a compound annual growth rate of approximately 10.2%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 12-2020 | 187 | 29% |
| 12-2021 | 212 | 13% |
| 12-2022 | 247 | 17% |
| 12-2023 | 282 | 14% |
| 12-2024 | 319 | 13% |
| 12-2025 | 366 | 15% |
| 12-2026 | 391 | 7% |
| 12-2027 | 419 | 7% |
| 12-2028 | 445 | 6% |
| 12-2029 | 468 | 5% |
| 12-2030 | 492 | 5% |
Net profit margin is expected to improve from 48% in 12-2020 to 52% by 12-2030, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 12-2020 | 90 | 48% |
| 12-2021 | 109 | 52% |
| 12-2022 | 128 | 52% |
| 12-2023 | 146 | 52% |
| 12-2024 | 165 | 52% |
| 12-2025 | 189 | 52% |
| 12-2026 | 202 | 52% |
| 12-2027 | 217 | 52% |
| 12-2028 | 230 | 52% |
| 12-2029 | 242 | 52% |
| 12-2030 | 254 | 52% |
with a 5-year average of $0 million. Projected CapEx is expected to maintain at approximately 0% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 12-2021 | 0 |
| 12-2022 | 0 |
| 12-2023 | 0 |
| 12-2024 | 0 |
| 12-2025 | 1 |
| 12-2026 | 1 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 11 |
| Days Inventory | 0 |
| Days Payables | 166 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 6M/2021 | 70 | 11 | 0 | (1) | 60 |
| 2022 | 163 | 26 | 1 | (2) | 138 |
| 2023 | 186 | 30 | 1 | (3) | 158 |
| 2024 | 211 | 34 | 1 | (3) | 179 |
| 2025 | 242 | 39 | 1 | (3) | 205 |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 75.59 | 50.6% |
| 10-Year DCF (Growth) | 125.67 | 150.3% |
| 5-Year DCF (EBITDA) | 84.31 | 68.0% |
| 10-Year DCF (EBITDA) | 136.61 | 172.1% |
Is MaxFastigheter i Sverige AB (MAXF.ST) a buy or a sell? MaxFastigheter i Sverige AB is definitely a buy. Based on our DCF analysis, MaxFastigheter i Sverige AB (MAXF.ST) appears to be significantly undervalued with upside potential of 150.3%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider a strong buy at the current market price of $50.20.