A leading residential developer

Magnolia Bostad

Magnolia is a Swedish residential developer that uses forward funding and has seen high growth in its project portfolio in recent years. Magnolia produces mainly rental apartments and institutions are its main counterparties.

Financials

Magnolia Bostad

SEKm 2017 2018 2019
Sales 1772 1827 1558
Sales growth (%) 75,4 3,1 -14,7
EBITDA 383 546 552
EBITDA margin (%) 21,6 29,9 35,4
EBIT adj 375 495 550
EBIT adj margin (%) 21,2 27,1 35,3
Pretax profit 279 376 431
EPS rep 5,46 8,89 10,26
EPS growth (%) -11,4 62,9 15,4
EPS adj 5,46 8,89 10,26
DPS 1,75 2 2,5
EV/EBITDA (x) 9,8 7,7 7,5
EV/EBIT adj (x) 10 8,5 7,5
P/E (x) 9,2 7,3 6,3
P/E adj (x) 9,2 7,3 6,3
EV/sales (x) 2,1 2,3 2,7
FCF yield (%) -33,2 -0,6 5,9
Dividend yield (%) 3,5 3,1 3,9
Net IB debt/EBITDA 4,9 3,2 3,1