Altra Fastigheter (OM:ALTRA) Earnings Rebound Puts Fair Value Back In Focus
Altra Fastigheter (OM:ALTRA) has attracted fresh attention after reporting second quarter 2026 earnings, with net income of SEK 122 million replacing a net loss a year earlier and earnings per share moving higher.
See our latest analysis for Altra Fastigheter.
The recent move in Altra Fastigheter’s share price to SEK73.75, with a 1-month share price return of 4.76% and a 3-month share price return of 5.51%, comes against a weaker 1-year total shareholder return that declined 12.57%. This suggests some short term momentum while longer term holders are still under water.
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Altra Fastigheter’s share price has begun to recover and currently sits below an average analyst price target. At the same time, the stock trades at a premium to one fair value estimate. Is the market’s caution still warranted, or has it gone too far?
Most Popular Narrative: 14.8% Undervalued
With Altra Fastigheter last closing at SEK73.75 against a narrative fair value of SEK86.60, the current price sits below what the most followed thesis implies.
Ongoing portfolio rotation of about SEK 5b over 5 years, where lower yielding and resource intensive assets are sold in favour of higher running yields and denser clusters, points to a mix shift that could support cash flow margins and earnings quality.
Want to see what this portfolio reshuffle assumes for Altra Fastigheter? The narrative leans heavily on rental income, margin expansion and a reset profit multiple. The numbers behind that story might surprise you.
Result: Fair Value of SEK86.60 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, the Altra Fastigheter narrative also faces pressure from weaker Finnish portfolio performance and the risk that planned vacancy improvements take longer than analysts anticipate.
Find out about the key risks to this Altra Fastigheter narrative.
Another View: SWS DCF Puts Altra Fastigheter in a Different Light
While the prevailing Altra Fastigheter narrative points to a fair value of SEK86.60, the Simply Wall St discounted cash flow model arrives at SEK62.37, which is below the current share price of SEK73.75 and frames the stock as overvalued on this method. Which story do you think fits your assumptions best?
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 Altra 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 212 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
With mixed signals around Altra Fastigheter, it makes sense to move quickly from headlines to hard numbers and decide where you stand. To see the balance of potential upsides against the issues investors are watching, start by reviewing the 3 key rewards and 3 important warning signs.
Looking for more investment ideas beyond Altra Fastigheter?
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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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