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 1780 1367 1510
Sales growth (%) 76,3 -23,2 10,5
EBITDA 385 277 402
EBITDA margin (%) 22,1 19,8 24
EBIT adj 385 277 402
EBIT adj margin (%) 22,1 19,8 24
Pretax profit 276 130 231
EPS rep 5,39 3,13 4,85
EPS growth (%) -7,4 -42 55,2
EPS adj 5,39 3,13 4,85
DPS 1,75 1,75 2
EV/EBITDA (x) 9,7 12,1 8,7
EV/EBIT adj (x) 9,7 12,1 8,7
P/E (x) 9,3 13,5 8,7
P/E adj (x) 9,3 13,5 8,7
EV/sales (x) 2,1 2,4 2,1
FCF yield (%) -33,8 9,5 13,2
Dividend yield (%) 3,5 4,2 4,8
Net IB debt/EBITDA 4,8 5,8 3,6

Main shareholders

Magnolia Bostad

Main shareholders Share capital % Voting shares %
Fredrik Holmström 56.4 % 56.4 %
Danica Pension 8.3 % 8.3 %
Länsförsäkringar Fonder 8.2 % 8.2 %
Andreas Rutili 7.8 % 7.8 %
Svolder 4.4 % 4.4 %
Nordnet Pensionsförsäkring 4.2 % 4.2 %
Avanza Pension 1.9 % 1.9 %
Martin Dahlin 1.5 % 1.5 %
John Larsson 1.2 % 1.2 %
Rickard Langerfors 0.8 % 0.8 %