Cash flow Sagax Nasdaq Stockholm

Stocks

SAGA B

SE0005127818

Real Estate Development & Operations

Market Closed - Nasdaq Stockholm 12:00:00 2026-09-29 EDT			5-day change	1st Jan Change
158.90 ^SEK	+0.51%		-4.62%	-19.59%

01:41am	Two changes to Altra Fastigheter's Nominating Committee compared with last year	FW
12:13am	Six real estate companies on Nasdaq Stockholm trade ex-dividend today	FW

c8a393d9e5c03.bIjPqTnrR-hH3-oFQRMotSwpY-blBHzln_1pJZOKIRY.OPKoxlC6LIcClY1VciRD-V15DLTQZSmM8bsOd9i9VHgdzKrcQ6Q9uHKUvw

Published financial data: SAGAX

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Rental Revenues	3.1B	3.7B	4.29B	4.99B	5.38B
Total Revenues	3.1B	3.7B	4.29B	4.99B	5.38B
Property Expenses	550M	695M	768M	872M	960M
Selling General & Admin Expenses, Total	147M	174M	182M	187M	188M
Other Operating Expenses	-23M	-31M	-25M	-69M	-24M
Total Operating Expenses	674M	838M	925M	990M	1.12B
Operating Income (REIT / Utility Template)	2.43B	2.86B	3.37B	4B	4.25B
Interest Expense, Total	-414M	-449M	-724M	-897M	-1.02B
Interest and Investment Income	113M	235M	156M	162M	64M
Net Interest Expenses	-301M	-214M	-568M	-735M	-951M
Income (Loss) on Equity Invest.	2.72B	1.38B	-556M	783M	1.01B
Other Non Operating Income (Expenses)	124M	199M	-363M	-51M	-9M
EBT, Excl. Unusual Items	4.97B	4.22B	1.88B	4B	4.3B
Gain (Loss) on Sale of Investments	1.7B	-2.61B	-608M	1.18B	-30M
Gain (Loss) on Sale of Assets	6M	-12M	133M	-17M	48M
Asset Writedown	3.87B	1.71B	-1.31B	563M	164M
Other Unusual Items	-	-	59M	-	-
EBT, Incl. Unusual Items	10.54B	3.3B	159M	5.73B	4.48B
Income Tax Expense	736M	586M	172M	458M	405M
Earnings From Continuing Operations	9.81B	2.72B	-13M	5.27B	4.08B
Net Income to Company	9.81B	2.72B	-13M	5.27B	4.08B
Minority Interest	-	-	-	-19M	-32M
Net Income - (IS)	9.81B	2.72B	-13M	5.26B	4.05B
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	9.81B	2.72B	-13M	5.26B	4.05B
Net Income to Common Excl. Extra Items	9.81B	2.72B	-13M	5.26B	4.05B
Per Share Items
Net EPS - Basic	22.1	6.12	-0.03	11.31	8.71
Basic EPS - Continuing Operations	22.1	6.12	-0.03	11.31	8.71
Basic Weighted Average Shares Outstanding	444M	444M	451M	465M	465M
Net EPS - Diluted	22.08	6.11	-0.03	11.31	8.71
Diluted EPS - Continuing Operations	22.08	6.11	-0.03	11.31	8.71
Diluted Weighted Average Shares Outstanding	444M	445M	451M	465M	465M
Normalized Basic EPS	7	5.94	2.61	5.34	5.72
Normalized Diluted EPS	6.99	5.93	2.6	5.34	5.72
Dividend Per Share	2.15	2.7	3.1	3.5	3.7
Payout Ratio	8.08	34.4	-8.55K	24.76	35.5
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	2.43B	2.86B	3.37B	4B	4.26B
EBITA	2.43B	2.86B	3.37B	4B	4.25B
EBIT	2.43B	2.86B	3.37B	4B	4.25B
EBITDAR	2.45B	-	-	-	-
Effective Tax Rate - (Ratio)	6.98	17.74	108.18	7.99	9.03
Total Current Taxes	112M	63M	156M	194M	307M
Total Deferred Taxes	624M	523M	16M	264M	98M
Normalized Net Income	3.1B	2.64B	1.18B	2.48B	2.66B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	28M	28M	31M	36M	41M
Supplemental Operating Expense Items
General and Administrative Expenses	147M	174M	182M	187M	188M
Net Rental Expense, Total	26M	-	-	-	-
Imputed Operating Lease Interest Expense	3.65M	-	-	-	-
Imputed Operating Lease Depreciation	22.35M	-	-	-	-
Maintenance & Repair Expenses, Total	74M	84M	104M	126M	141M

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Assets
Gross Property Plant And Equipment	46.49B	53.06B	57.54B	66.44B	68.59B
Accumulated Depreciation	-8M	-9M	-9M	-10M	-11M
Net Property Plant And Equipment	46.48B	53.05B	57.53B	66.44B	68.58B
Total Real Estate Assets	46.48B	53.05B	57.53B	66.44B	68.58B
Cash And Equivalents	84M	76M	28M	287M	16M
Accounts Receivable, Total	143M	194M	266M	302M	41M
Other Receivables	286M	459M	293M	303M	316M
Investment In Debt and Equity Securities	5.34B	4.52B	1.26B	694M	1.64B
Other Intangibles, Total	-	-	-	-	-
Notes Receivable (Collected)	-	-	-	60M	-
Other Current Assets, Total	167M	2.22B	360M	325M	379M
Deferred Tax Assets Long-Term (Collected)	-	-	168M	163M	244M
Other Long-Term Assets, Total	9.98B	11.31B	13.51B	15.48B	17.29B
Total Assets	62.47B	71.83B	73.41B	84.04B	88.51B
Liabilities
Current Portion of Long-Term Debt	95M	902M	3.41B	4.68B	3.6B
Current Portion of Leases	-	-	-	-	46M
Short-Term Borrowings	2.89B	1.57B	1.5B	456M	3.55B
Long-Term Debt	23.44B	29.82B	25.46B	30.07B	31.54B
Long-Term Leases	390M	380M	454M	546M	537M
Accounts Payable, Total	32M	35M	92M	98M	26M
Accrued Expenses, Total	309M	383M	381M	484M	509M
Unearned Revenue, Current	418M	458M	496M	581M	317M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	535M	740M	772M	681M	861M
Deferred Tax Liability Non-Current	3.09B	3.78B	3.95B	4.29B	4.29B
Other Non Current Liabilities	195M	299M	319M	357M	439M
Total Liabilities	31.39B	38.37B	36.83B	42.24B	45.71B
Common Stock, Total	780M	781M	817M	817M	817M
Additional Paid In Capital	3.58B	3.62B	7.75B	9.94B	9.94B
Retained Earnings	26.23B	27.99B	26.84B	28.62B	31.24B
Comprehensive Income and Other	493M	1.08B	1.18B	1.57B	625M
Total Common Equity	31.08B	33.46B	36.58B	40.94B	42.62B
Minority Interest	-	-	-	862M	170M
Total Equity	31.08B	33.46B	36.58B	41.8B	42.79B
Total Liabilities And Equity	62.47B	71.83B	73.41B	84.04B	88.51B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	444M	444M	465M	465M	465M
ECS Total Common Shares Outstanding	444M	444M	465M	465M	465M
Book Value / Share	70.01	75.32	78.73	88.1	91.72
Tangible Book Value	31.08B	33.46B	36.58B	40.94B	42.62B
Tangible Book Value Per Share	70.01	75.32	78.73	88.1	91.72
Total Debt	26.82B	32.67B	30.82B	35.75B	39.28B
Net Debt	26.73B	32.6B	30.79B	35.46B	39.26B
Debt Equivalent Oper. Leases	208M	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-	-	-	862M	170M
Equity Method Investments, Total	8.78B	9.86B	12.24B	14.18B	15.46B
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	87	94	96	98	105

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Net Income	9.81B	2.72B	-13M	5.26B	4.05B
Depreciation, Depletion & Amortization	1M	1M	1M	1M	1M
Total Depreciation, Depletion & Amortization	1M	1M	1M	1M	1M
Amortization of Deferred Charges, Total	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Total Asset Writedown	-3.88B	-1.7B	1.3B	-546M	-212M
(Income) Loss On Equity Investments - (CF)	-2.34B	-1.38B	556M	-783M	-1.01B
Change in Accounts Receivable	-71M	-	79M	196M	128M
Change in Other Net Operating Assets (Collected)	103M	212M	1M	-431M	-151M
Other Operating Activities	-1.24B	3.37B	1.64B	-341M	812M
Cash from Operations	2.38B	3.23B	3.56B	3.35B	3.62B
Acquisition of Real Estate Assets, Total	-5.5B	-3.98B	-6.25B	-6.03B	-5.76B
Sale of Real Estate Assets, Total	917M	80M	350M	215M	481M
Net Sale / Acquisition of Real Estate Assets	-4.58B	-3.9B	-5.9B	-5.82B	-5.28B
Investment in Marketable and Equity Securities, Total	-2.44B	-1.94B	1.2B	316M	-1.6B
Other Investing Activities, Total	-1M	-64M	-46M	-230M	-421M
Cash from Investing	-7.02B	-5.9B	-4.75B	-5.73B	-7.3B
Long-Term Debt Issued, Total	14B	7.63B	7.33B	13.4B	12.32B
Total Debt Issued	14B	7.63B	7.33B	13.4B	12.32B
Long-Term Debt Repaid, Total	-7.88B	-4.05B	-9.21B	-9.68B	-6.84B
Total Debt Repaid	-7.88B	-4.05B	-9.21B	-9.68B	-6.84B
Issuance of Common Stock	36M	39M	4.21B	15M	11M
Repurchase of Preferred Stock	-571M	-	-	-	-
Common Dividends Paid	-	-935M	-1.11B	-1.3B	-1.44B
Common & Preferred Stock Dividends Paid	-792M	-	-	-	-
Common & Preferred Stock Dividends Paid	-792M	-935M	-1.11B	-1.3B	-1.44B
Other Financing Activities, Total	-87M	-19M	-86M	203M	-650M
Cash from Financing	4.7B	2.67B	1.14B	2.64B	3.41B
Foreign Exchange Rate Adjustments	-	2M	1M	1M	-
Miscellaneous Cash Flow Adjustments	-	-1M	-	-	1M
Net Change in Cash	59M	-8M	-48M	259M	-270M
Supplemental Items
Cash Interest Paid	282M	-	-	-	-
Cash Income Tax Paid (Refund)	146M	149M	130M	162M	202M
Net Debt Issued / Repaid	6.12B	3.58B	-1.88B	3.72B	5.49B
Levered Free Cash Flow	1.16B	-507M	3.47B	1.92B	2.1B
Unlevered Free Cash Flow	1.42B	-227M	3.93B	2.48B	2.74B
Change In Net Working Capital	81M	1.96B	-2.08B	-32M	-123M

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Profitability
Return on Assets	2.78	2.66	2.89	3.18	3.08
Return on Total Capital	3.01	2.88	3.15	3.45	3.33
Return On Equity %	36.64	8.42	-0.04	13.46	9.65
Return on Common Equity	36.64	8.42	-0.04	13.56	9.69
Margin Analysis
Gross Profit Margin %	82.26	81.2	82.11	82.54	82.15
SG&A Margin	4.74	4.71	4.24	3.74	3.5
EBITDA Margin %	78.29	77.35	78.48	80.2	79.12
EBITA Margin %	78.26	77.33	78.45	80.18	79.1
EBIT Margin %	78.26	77.33	78.45	80.18	79.1
Income From Continuing Operations Margin %	316.35	73.54	-0.3	105.61	75.86
Net Income Margin %	316.35	73.54	-0.3	105.23	75.27
Net Avail. For Common Margin %	316.35	73.54	-0.3	105.23	75.27
Normalized Net Income Margin	100.14	71.33	27.38	49.69	49.41
Levered Free Cash Flow Margin	37.47	-13.73	80.91	38.52	39.07
Unlevered Free Cash Flow Margin	45.81	-6.14	91.45	49.75	50.87
Asset Turnover
Asset Turnover	0.06	0.06	0.06	0.06	0.06
Fixed Assets Turnover	0.07	0.07	0.08	0.08	0.08
Receivables Turnover (Average Receivables)	22.38	21.93	18.67	17.58	31.36
Short Term Liquidity
Current Ratio	0.16	0.72	0.14	0.18	0.08
Quick Ratio	0.12	0.18	0.09	0.13	0.04
Operating Cash Flow to Current Liabilities	0.56	0.79	0.54	0.48	0.41
Days Sales Outstanding (Average Receivables)	16.31	16.64	19.55	20.81	11.64
Average Days Payable Outstanding	24.55	17.59	30.18	39.87	23.57
Long Term Solvency
Total Debt/Equity	86.29	97.64	84.25	85.52	91.78
Total Debt / Total Capital	46.32	49.4	45.73	46.1	47.86
LT Debt/Equity	76.68	90.25	70.84	73.25	74.96
Long-Term Debt / Total Capital	41.16	45.66	38.45	39.48	39.09
Total Liabilities / Total Assets	50.25	53.41	50.17	50.26	51.65
EBIT / Interest Expense	5.86	6.37	4.65	4.46	4.19
EBITDA / Interest Expense	5.86	6.37	4.65	4.46	4.19
(EBITDA - Capex) / Interest Expense	5.82	6.24	4.29	4.41	4.15
Total Debt / EBITDA	11.05	11.43	9.15	8.93	9.23
Net Debt / EBITDA	11.01	11.4	9.14	8.85	9.23
Total Debt / (EBITDA - Capex)	11.12	11.67	9.91	9.04	9.33
Net Debt / (EBITDA - Capex)	11.09	11.64	9.9	8.97	9.33
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.97	19.23	16.15	16.33	7.69
Gross Profit, 1 Yr. Growth %	6.87	17.69	17.46	16.94	7.18
EBITDA, 1 Yr. Growth %	7.15	17.8	17.84	18.88	6.24
EBITA, 1 Yr. Growth %	7.16	17.81	17.84	18.88	6.24
EBIT, 1 Yr. Growth %	7.16	17.81	17.84	18.88	6.24
Earnings From Cont. Operations, 1 Yr. Growth %	164.27	-72.29	-100.48	-40.67K	-22.64
Net Income, 1 Yr. Growth %	164.27	-72.29	-100.48	-40.52K	-22.97
Diluted EPS Before Extra, 1 Yr. Growth %	159.45	-72.31	-100.47	-39.34K	-22.97
Normalized Net Income, 1 Yr. Growth %	65.07	-15.08	-55.41	111.09	7.08
Net Property, Plant and Equip., 1 Yr. Growth %	23.34	14.14	8.45	15.47	3.23
Accounts Receivable, 1 Yr. Growth %	6.72	35.66	37.11	13.53	-86.42
Total Assets, 1 Yr. Growth %	34	14.98	1.83	14.49	5.31
Common Equity, 1 Yr. Growth %	38.42	7.67	9.31	11.93	4.11
Tangible Book Value, 1 Yr. Growth %	38.42	7.67	9.31	11.93	4.11
Cash From Operations, 1 Yr. Growth %	-6.96	35.65	10.47	-6	7.94
Capital Expenditures, 1 Yr. Growth %	60	262.5	348.28	-80.38	-7.84
Levered Free Cash Flow, 1 Yr. Growth %	-23.57	-143.68	-784.6	-44.61	9.23
Unlevered Free Cash Flow, 1 Yr. Growth %	-19.17	-115.97	-1.83K	-36.72	10.11
Dividend Per Share, 1 Yr. Growth %	30.3	25.58	14.81	12.9	5.71
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.59	12.93	17.68	16.24	11.93
Gross Profit, 2 Yr. CAGR %	10.01	12.15	17.57	17.2	11.95
EBITDA, 2 Yr. CAGR %	9.8	12.35	17.82	18.36	12.38
EBITA, 2 Yr. CAGR %	9.81	12.36	17.83	18.36	12.39
EBIT, 2 Yr. CAGR %	9.81	12.36	17.83	18.36	12.39
Earnings From Cont. Operations, 2 Yr. CAGR %	54.45	-14.42	-96.36	39.3	1.67K
Net Income, 2 Yr. CAGR %	54.45	-14.42	-96.36	39.05	1.66K
Diluted EPS Before Extra, 2 Yr. CAGR %	51.34	-15.24	-96.39	36	1.64K
Normalized Net Income, 2 Yr. CAGR %	33.86	18.4	-38.46	-2.98	50.35
Net Property, Plant and Equip., 2 Yr. CAGR %	19.2	18.65	11.26	11.91	9.18
Accounts Receivable, 2 Yr. CAGR %	4.08	20.32	36.39	24.77	-60.74
Total Assets, 2 Yr. CAGR %	24.73	24.13	8.4	7.97	9.8
Common Equity, 2 Yr. CAGR %	27.04	22.08	8.49	10.61	7.95
Tangible Book Value, 2 Yr. CAGR %	27.04	22.08	8.49	10.61	7.95
Cash From Operations, 2 Yr. CAGR %	13.74	12.34	22.41	1.9	0.73
Capital Expenditures, 2 Yr. CAGR %	-20	140.83	303.11	-6.23	-57.48
Levered Free Cash Flow, 2 Yr. CAGR %	4.8	-42.22	72.93	94.73	-22.22
Unlevered Free Cash Flow, 2 Yr. CAGR %	5.52	-64.08	66.26	231.01	-16.52
Dividend Per Share, 2 Yr. CAGR %	28.6	27.92	20.08	13.86	9.25
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	11.32	12.71	14	17.23	13.32
Gross Profit, 3 Yr. CAGR %	11.51	12.51	13.89	17.36	13.76
EBITDA, 3 Yr. CAGR %	11.77	12.41	14.15	18.17	14.17
EBITA, 3 Yr. CAGR %	11.78	12.41	14.16	18.18	14.18
EBIT, 3 Yr. CAGR %	11.78	12.41	14.16	18.18	14.18
Earnings From Cont. Operations, 3 Yr. CAGR %	45.77	-12.88	-84.81	-18.68	14.5
Net Income, 3 Yr. CAGR %	45.77	-12.88	-84.81	-18.78	14.2
Diluted EPS Before Extra, 3 Yr. CAGR %	41.26	-14.08	-84.98	-19.99	12.52
Normalized Net Income, 3 Yr. CAGR %	30.03	15.02	-14.5	-7.19	0.27
Net Property, Plant and Equip., 3 Yr. CAGR %	17.33	17.49	15.15	12.65	8.94
Accounts Receivable, 3 Yr. CAGR %	13.04	13.7	25.68	28.3	-40.43
Total Assets, 3 Yr. CAGR %	22.86	21.39	16.34	10.39	7.08
Common Equity, 3 Yr. CAGR %	26.33	20.22	17.67	9.62	8.4
Tangible Book Value, 3 Yr. CAGR %	26.33	20.22	17.67	9.62	8.4
Cash From Operations, 3 Yr. CAGR %	14.38	20.62	11.71	12.1	3.88
Capital Expenditures, 3 Yr. CAGR %	-	32.38	196.25	47.17	-6.77
Levered Free Cash Flow, 3 Yr. CAGR %	9.06	-21.71	31.73	18.32	60.59
Unlevered Free Cash Flow, 3 Yr. CAGR %	7.83	-43.77	30.74	20.49	129.36
Dividend Per Share, 3 Yr. CAGR %	29.07	27.59	23.39	17.64	11.07
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	14.68	14.6	13.82	14.11	13.16
Gross Profit, 5 Yr. CAGR %	14.14	14.05	13.9	14.36	13.11
EBITDA, 5 Yr. CAGR %	-	14.03	14.15	14.75	13.44
EBITA, 5 Yr. CAGR %	14.04	14.04	14.16	14.76	13.44
EBIT, 5 Yr. CAGR %	14.04	14.04	14.16	14.76	13.44
Earnings From Cont. Operations, 5 Yr. CAGR %	31.94	-1.72	-66.68	5.11	1.91
Net Income, 5 Yr. CAGR %	31.94	-1.72	-66.68	5.03	1.75
Diluted EPS Before Extra, 5 Yr. CAGR %	25.01	-3.4	-67.41	3.24	0.47
Normalized Net Income, 5 Yr. CAGR %	29.03	13.26	-3.6	7.45	7.16
Net Property, Plant and Equip., 5 Yr. CAGR %	17.64	17.42	14.86	15.22	12.72
Accounts Receivable, 5 Yr. CAGR %	35.77	23.69	21.86	18	-21.09
Total Assets, 5 Yr. CAGR %	22.01	21.4	16.86	15.92	13.68
Common Equity, 5 Yr. CAGR %	28.97	24.13	18.86	16.28	13.68
Tangible Book Value, 5 Yr. CAGR %	28.97	24.13	18.86	16.28	13.68
Cash From Operations, 5 Yr. CAGR %	19.48	22.54	17.53	12.75	7.18
Capital Expenditures, 5 Yr. CAGR %	-	96.1	-	15.33	36.28
Levered Free Cash Flow, 5 Yr. CAGR %	13.92	-6.04	31.14	12.71	6.7
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.33	-24.63	28.22	14.26	9.26
Dividend Per Share, 5 Yr. CAGR %	24.29	24.57	25.39	21.91	17.53