Added to YB: 2024-07-03
Pitch date: 2024-07-01
K2A-B.ST [bullish]
K2A Knaust & Andersson Fastigheter AB (publ)
+10.73%
current return
Author Info
Company Info
K2A Knaust & Andersson Fastigheter AB (publ) operates as a real estate company in Sweden. It owns, develops, and manages rental apartments, student housing, and community service properties in Stockholm, Mälardalen, and university and college locations.
Market Cap
SEK 376.1M
Pitch Price
SEK 4.38
Price Target
N/A
Dividend
N/A
EV/EBITDA
27.96
P/E
-0.78
EV/Sales
15.99
Sector
Real Estate Management and Development
Category
value
K2A a company trading at 0.19x P/B with a clear catalyst
K2A-B.ST: Swedish real estate co. at 0.19x P/B, 96% down. Catalyst: interest rate cuts & debt refinancing. 54.3% insider ownership. Strong ops: revenue growth, margins up 40-55%. Risks: 700M SEK bonds extended 1.25yrs, bank debt due. Selling properties near book value. 34.37% discount to adjusted book value (20% haircut). High upside potential.
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