Rankings Construction & materials Cibus Real Estate
Cibus Real Estate
61
15070100
A view of the same findings, not a new score. How it works
A good business with a real question mark: the price, a crack, or both.
Biggest deductions
- Debt−10
- ROIC−5
- Quality of growth−5
Strengths
- Operations+2
How the score is built
From 100 to 61, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 130.90 SEK
- Median analyst target
- 144.91 SEK
- Upside to median
- +10.7%
- Analysts
- 6
- Target range
- 129.00 – 183.95 SEK
- 52-week change
- −21%
- P/E (trailing)
- 11.5
- Forward P/E
- 11.7
- PEG
- 1.83
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 3 findings−13 of −30
- −5
- −5Quality of growthRevenue has grown through acquisitions (+33% in 2025), but EPS is EUR 1.03 (TTM) vs 1.66 in 2022 – bigger, not stronger per share.
- −3Capital allocationShare count +21% in a year and +33% in 2025; new shares are issued at around P/B 1 to fund acquisitions.
Price
Today's multiples against the company's own history and its peers. · 1 finding−2 of −35
- −2Multiples vs own historyP/B 0.90 and EV/EBITDA 16.8 are at the low end of its own history (0.9–2.1 and 16.8–29), but still 17× EBITDA for a 5% return; price about 86% of EPRA NRV (EUR 13.0).
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 5 findings−22 of −35
- −10DebtLoan-to-value (LTV) 59.1% vs 55.0% a year ago; net debt 10.8× EBITDA; interest cover 2.4×; current ratio 0.27.
- −4Customer concentrationHalf of rental income comes from Finland, where Kesko, Tokmanni and S Group dominate the tenant list.
- −3MacroWith 59% LTV and 2.4× interest cover, value and dividend are very sensitive to interest rates and yield requirements.
- −3Share price trendThe share price is down 25% over 52 weeks and 4% today (RSI 17) with no cause found; analyst targets have not been updated since May.
- −2
Plus
Only documented strengths. · 1 finding+2 of +15
- +2OperationsNet operating income (NOI) +15% in Q2; management expects no major lease terminations in the next 12 months.
Caveats
What the score does not capture, or where the data is weak.
LTV 59% and debt 11x EBITDA; price targets from May (before a −25% price fall); real estate does not fit the industry list (placed under Construction)
Also in Construction & materials
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