Wihlborgs Fastigheter (OM:WIHL) Could Be 16% Below Fair Value On Earnings And New Lease

Wihlborgs Fastigheter (OM:WIHL) is back in focus after reporting second quarter and half year 2026 results, alongside securing a large lease with Weibel Scientific that fully lets a key Copenhagen area property.

See our latest analysis for Wihlborgs Fastigheter.

At a share price of SEK79.2, Wihlborgs Fastigheter has seen momentum soften recently, with the 90 day share price return down 9.9% and the 1 year total shareholder return down 15.7%, despite the fresh earnings report and new Copenhagen lease.

If this mix of earnings and leasing news has you thinking more broadly about real estate and infrastructure, it could be a good moment to check out 105 top founder-led companies

For Wihlborgs Fastigheter, recent earnings, a fully let Copenhagen property and a share price that has retreated over the past year pull in different directions. Should you lean into today’s valuation or wait for a clearer entry point?

Most Popular Narrative: 15.9% Undervalued

On the most followed narrative, Wihlborgs Fastigheter is assessed at a fair value of SEK94.14 compared with the last close at SEK79.2, and that gap hinges on a specific set of growth and margin expectations.

Record high volume of new leases in 2024 and continued strong leasing activity in 2025 indicates potential for increased rental income, especially as new leases come into effect and contribute to revenue growth.

Ongoing project investments with successful outcomes suggest future enhancements in rental value and operating surplus, which can boost earnings and profit margins.

Read the complete narrative.

Want to see what sits behind that rental income story and profit outlook? The narrative combines steady revenue growth, firmer margins and a future earnings multiple that reflects what investors may be willing to pay for those cash flows.

Result: Fair Value of SEK94.14 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, this Wihlborgs Fastigheter narrative could be knocked off course if high leverage and rising vacancy in parts of the portfolio begin to pressure cash flows.

Find out about the key risks to this Wihlborgs Fastigheter narrative.

Another View: Wihlborgs Fastigheter Through a Cash Flow Lens

While the analyst narrative for Wihlborgs Fastigheter points to a fair value of SEK94.14 and an undervalued stock, the SWS DCF model tells a more cautious story, with an estimated future cash flow value of SEK76.48 compared with the current share price of SEK79.2.

That puts Wihlborgs Fastigheter slightly above this cash flow based value, suggesting less of a margin of safety than the narrative implies and raising a simple question for you: which version of value feels more realistic for the risks you see?

Look into how the SWS DCF model arrives at its fair value.

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Wihlborgs Fastigheter for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 1 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Next Steps

If this mix of signals around Wihlborgs Fastigheter leaves you undecided, review the numbers now and weigh both the 3 key rewards and 2 important warning signs.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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