olivLaw · European equity research
Prisma Properties AB PRISMA.ST
Sweden · Nasdaq Stockholm · ISIN SE0022062055 · Vertical: Listed companies from Sweden
Prisma Properties AB is a Nordic owner of commercial properties focused on food and grocery, low-price retail and quick-service restaurants, with long leases to strong tenants. For investors the current focus is its expansion in Finland and an index-linked rent roll, while debt levels remain a point to watch.
At the close of 05 Nov 2026, Prisma Properties AB (PRISMA.ST) stock was 28.00 SEK (+0.72% on the day), with beta 0.24, 52-week range 22.80–28.00 SEK.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 72.7
- overbought (≥ 70)
- Bollinger (20, 2)
- 25.02 – 28.45
- in the upper half of the band · %B 0.87 · band width 12.8%
- SMA 50 / 200
- 26.29 / 25.04
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.56 / 0.44
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +11.1% | −0.6% | +11.8 pp | — |
| 3 months | +14.3% | −4.2% | +18.5 pp | — |
| 6 months | +10.2% | +4.3% | +5.9 pp | — |
| Year to date | +9.8% | +7.5% | +2.3 pp | — |
| 1 year | +12.4% | +9.9% | +2.5 pp | −8.3% |
| 3 years | unavailable | +49.8% | unavailable | +12.0% |
| 5 years | unavailable | +42.8% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | unavailable | unavailable | unavailable |
| Revenue YoY | unavailable | unavailable | unavailable |
| Net income | -133.0 m | 36.0 m | 350.0 m |
| Net income YoY | unavailable | unavailable | +872.2% |
| Diluted EPS | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | unavailable |
| net % | unavailable | unavailable | unavailable |
| Free cash flow | -66.0 m | 72.0 m | -473.0 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 162.0 m SEK
- Financial debt
- 4.6 bn SEK
- Net debt
- 4.5 bn SEK
- Equity
- 4.9 bn SEK
- Total assets
- 10.3 bn SEK
- Debt / equity
- 0.95x
- Current ratio
- 1.28x
- ROE
- 7.4%
- ROA
- 3.8%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (SEK)
Income statement · SEK
Balance sheet · SEK
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 41.0 m | 780.0 m | 162.0 m | esef· 26 Oct 2026verified |
| Current assets | 297.0 m | 916.0 m | 420.0 m | esef· 26 Oct 2026verified |
| Goodwill | 181.0 m | 174.0 m | 174.0 m | esef· 26 Oct 2026verified |
| Total assets | 6.5 bn | 8.4 bn | 10.3 bn | esef· 26 Oct 2026verified |
| Short-term debt | 401.0 m | 941.0 m | 95.0 m | esef· 26 Oct 2026verified |
| Long-term debt | 2.5 bn | 2.3 bn | 4.5 bn | esef· 26 Oct 2026verified |
| Current liabilities | 600.0 m | 1.1 bn | 329.0 m | esef· 26 Oct 2026verified |
| Equity | 3.1 bn | 4.6 bn | 4.9 bn | esef· 26 Oct 2026verified |
Cash flow · SEK
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | -64.0 m | 72.0 m | -463.0 m | esef· 26 Oct 2026verified |
| Capex | 2.0 m | 0 | 10.0 m | esef· 26 Oct 2026verified |
| Free cash flow | -66.0 m ≈ | 72.0 m ≈ | -473.0 m ≈ | esef· 26 Oct 2026derived |
| Investing cash flow | -678.0 m | -854.0 m | -1.6 bn | esef· 26 Oct 2026verified |
| Financing cash flow | 614.0 m | 1.5 bn | 1.5 bn | esef· 26 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 2 of at least 6
- score weight coverage: 10.4% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
Score by group
10% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 2 of at least 6; score weight coverage: 10.4% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | -135.1% | 0 (on a fixed band) | 60% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.3x | 40 (on a fixed band) | 40% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial40/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial0/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Prisma Properties AB (PRISMA.ST). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: ROE 7.4%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 2 of at least 6; score weight coverage: 10.4% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- FCF conversion: -135.1%
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Sweden · same country · compared with 40 companies
Multiples and returns vs the median
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ALFA.STAlfa Laval AB | 223.0 bn | 27.0 | 19.4% | 11.9% | +4.1% | +21% / +38% |
| BOL.STBoliden Ab | 143.0 bn | 15.2 | 13.3% | 10.1% | +4.8% | +12% / +81% |
| CAST.STCastellum Aktiebolag | 66.6 bn | 71.0 | 1.2% | 9.8% | −2.6% | +27% / +6% |
| AAK.STAak Ab (publ) | 47.5 bn | 13.9 | 17.2% | 7.5% | +2.2% | −31% / −14% |
| CAMX.STCamurus AB | 42.5 bn | 58.5 | 19.5% | 32.5% | +21.3% | +16% / +55% |
| BRAV.STBravida Holding AB | 30.1 bn | 24.5 | 13.7% | 4.4% | −4.9% | +84% / +123% |
| ASKER.STAsker Healthcare Group AB | 29.8 bn | 60.5 | 9.8% | 2.9% | +11.7% | −18% / unavailable |
| ALLEI.STAlleima AB | 22.7 bn | 33.8 | 4.1% | 3.6% | −5.4% | +11% / +19% |
| BURE.STBure Equity AB | 22.6 bn | — | -21.0% | — | unavailable | +20% / +19% |
| AQ.STAQ Group AB | 19.7 bn | 29.2 | 14.9% | 7.5% | +6.0% | +14% / +119% |
| ALTRA.STAltra Fastigheter AB | 18.4 bn | 33.9 | 3.0% | 15.1% | −2.2% | +9% / +19% |
| ATT.STAttendo AB (publ) | 16.8 bn | 20.7 | 15.1% | 4.3% | +0.1% | +34% / +223% |
| AFRY.STAfry Ab | 14.9 bn | 18.7 | 6.2% | 3.1% | −5.2% | −17% / +4% |
| ATRLJ-B.STAtrium Ljungberg AB | 14.0 bn | 17.1 | 2.9% | 23.9% | −2.0% | −33% / −44% |
| ALIG.STAlimak Group AB (publ) | 12.7 bn | 21.3 | 8.2% | 8.8% | −3.2% | −18% / +50% |
| ACAD.STAcadeMedia AB | 12.7 bn | 15.5 | 12.7% | 4.3% | +9.7% | +22% / +138% |
| APOTEA.STApotea AB (publ) | 10.7 bn | 46.8 | 31.3% | 3.2% | +10.1% | +15% / unavailable |
| BOOZT.STBoozt AB | 10.6 bn | 37.9 | 10.4% | 3.6% | +0.5% | +58% / +44% |
| BUFAB.STBufab AB (publ) | 5.0 bn | 9.2 | 15.1% | 6.9% | −7.4% | +36% / +110% |
| ACTI.STActive Biotech AB (publ) | 4.9 bn | — | -84.5% | — | unavailable | −32% / −77% |
| CEVI.STCellaVision AB | 4.7 bn | 30.8 | 18.0% | 20.2% | +4.9% | +20% / +12% |
| COOR.STCoor Service Management Holding AB | 4.7 bn | 18.2 | 13.0% | 2.2% | +16.7% | +1% / +25% |
| BHG.STBHG Group AB | 4.5 bn | 31.1 | 2.5% | 1.4% | +6.2% | −18% / +113% |
| CARA.STCarasent AB (publ) | 1.8 bn | 51.7 | 4.1% | 10.1% | +24.9% | −8% / +87% |
| BICO.STBICO Group AB | 1.7 bn | — | -46.0% | -72.7% | −13.3% | +16% / −51% |
1- and 3-year price returns: for PRISMA.ST from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Prisma Properties AB is a Nordic owner of commercial properties focused on food and grocery, low-price retail and quick-service restaurants, with long leases to strong tenants. For investors the current focus is its expansion in Finland and an index-linked rent roll, while debt levels remain a point to watch 1.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Property market changeshigh
Property values depend on demand, required yields and vacancy, and changes can reduce the value of the portfolio 1.
- Acquisitions and projectsmedium
Errors in property valuation or construction delays could lead to extra costs and lost income 1.
- Tenant concentrationmedium
Dependence on a few large tenants makes income sensitive to their difficulties 1.
- Financing and refinancinghigh
Significant debt and interest rate exposure could raise costs if capital markets weaken 1.
- Climate and energy riskslow
Weak energy classes and flood risk could reduce the attractiveness of some buildings 1.
Investment thesis
What would need to be true (bull case)
- If demand for affordable shops and quick-service restaurants stays high, long indexed leases could support income over the long term 1.
- The expansion in Finland and ongoing projects could add income if completed as planned 1.
- A new portfolio with high occupancy could reduce vacancy risk and maintenance costs 1.
What would break the thesis
- Interest-bearing debt could become a burden if rates stay high or refinancing becomes more expensive 1.
- Reliance on a few large tenants could expose the company to problems if one of them scales back 1.
- Property valuations rest on assumptions about the future, and a change in them could reduce asset values 1.
What to watch
- Opening of the Kiruna store and progress on ongoing projectsQ2 2026
- Development of occupancy and rents across the portfolioQ1 2027
- Structure and cost of debt, including planned refinancing2027
- Pace of acquisitions in Finland and progress toward portfolio targets2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Prisma Properties AB develops and manages commercial property in Sweden, Denmark, Finland and Norway, with a lettable area of 436 000 sqm and a rental value of 696 million SEK at the end of 2025 1. Growth comes from property development and strategic acquisitions, with projects started only when lease agreements are signed 1. The company reports an average occupancy of about 99% in 2025 1.
Tenants are mainly grocery, low-price and quick-service restaurant chains, with long leases and rents indexed to inflation 1. Part of the portfolio has been managed internally since 2025, which the company says improves efficiency and control 1.
For 2026 management points to growth potential through development projects, strategic acquisitions and investment in energy efficiency and digital property management 1.
Segments
Food and grocery
The largest segment, at about 44% of rental value, with tenants such as Willys, Lidl, Kesko and Netto 1.
Low-price retail
The second largest segment, at 27% of rental value, including Jula, Rusta and Jysk 1.
Quick-service restaurants and charging
A growing category at 21% of rental value, linked to electrification of transport and charging points 1.
Market context
In Norway transaction volume fell by six percent in 2025 to about 81 billion NOK, although the market shows signs of recovery 1. Retail volume in Norway rose 25%, while low-price transactions remain more limited in Norway, Finland and Denmark than in Sweden 1.
Demand for affordable shops is supported by food prices and consumers choosing cheaper options, which could support long-term rents 1.
Trends
- Food prices and buying behaviourtailwind
Consumers look for cheaper products, which favours the grocery and low-price stores in the company's portfolio 1.
- Electrification of mobilitytailwind
A growing number of electric cars increases demand for charging points and roadside restaurants 1.
- Cost of financingheadwind
Interest-bearing debt of close to 4.6 billion SEK makes the company sensitive to interest rates, with an average cost of debt stated at 4.0% 1.
- Climate change and energy rulesmixed
Flood risk and weaker energy classes could make some buildings harder to let, requiring continuous investment 1.
Competitive position
The Nordic commercial property market is competitive, and the company faces other investors that may have better local knowledge in the areas where it expands 1. Competition for acquisitions could limit returns if Prisma cannot buy on good terms 1.
The analysed sources do not explicitly name listed competitors, so this profile does not propose other companies on unsupported grounds 1.
- Nordic property investors
Funds and developers may compete for the same properties and tenants, especially outside the company's core area 1.
- Local experienced developers
They may have an advantage in regional market knowledge, a risk the management cites when expanding into new countries 1.
- Other food retail property owners
They compete for the large grocery and food tenants that are central to the portfolio 1.
- Retail park owners
They can offer similar space for low-price retail and restaurants, adding pressure on rents 1.
News & filings
In the press
- Rogobete anunță prioritățile: eliminarea CASS pentru mame și veterani de război. „Nu tratăm aceste categorii exclusiv prin prisma unor calcule contabile”Mediafax · 17 Oct 2026 · RO
- Septimiu Panainte: Independent de efectele prin prisma intensității muncii, telemunca având caracter parțial forțat de situația de criză economică, mediul…Juridice.ro · 11 Oct 2026 · RO
- PwC, 35 de ani. Ruxandra Târlescu, partener: „Profesia de consultant cred că se va schimba semnificativ prin prisma tehnologiei. Cu toate astea, nimeni nu-ţi poate lua abilitatea de a te conecta cu clientul tău, abilitatea de a veni cu idei extrem de utile“Ziarul Financiar · 08 Oct 2026 · RO
- Prisma's pgbouncer=true on Supabase made every query 4 round-trips (postmortem)Hacker News · 15 Sept 2026 · EN
- Eduard Novak (CNP): Ne dorim ca sportivii paralimpici să fie priviți prin prisma talentului și muncii lor (GALERIE FOTO)Agerpres · 04 Sept 2026 · RO
- CEC Bank pentru afaceri româneşti. Raluca Negulescu Balaci, UiPath Foundation: Definim performanţa în educaţie prin cei doi-trei elevi dintr-o clasă care ajung la olimpiade, dar noi trebuie să facem un salt, să ne uităm la fiecare copil prin prisma potenţialului pe care îl areZiarul Financiar · 11 Jun 2026 · RO
- Bursă. Antibiotice Iaşi devine mai scumpă prin prisma multiplilor de evaluare după un trimestru cu profitul net la jumătate: raportul preţ/profit urcă spre 44, iar acţiunile scad cu peste 5% pe reacţia negativă a investitorilorZiarul Financiar · 29 May 2026 · RO
- ZF Deschiderea de astăzi la Bursă. Mediul inflaţionist, favorabil acţiunilor listate la BVB. Alin Brendea, analist bursier: Companiile sunt privite de către investitori inclusiv prin prisma performanţelor din ultimul anZiarul Financiar · 20 May 2026 · RO
- Dăianu: România nu trece printr-un dezastru economic. Trebuie să plătim preţul ajustării fiscal-bugetare pentru a diminua un deficit foarte mare/ Declaraţia lui Grindeanu despre „decesul stabilităţii economice” o vede „prin prisma unei dispute politice”Money.ro · 14 May 2026 · RO
Annual reports (ESEF)
- Annual report 202526 Oct 2026
- Annual report 202408 May 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Prisma Properties AB · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.