Why Sagax stock moves
Sagax rose very sharply.
Written after the close on ·
Why today
15,984 news analyzed todaySagax rose very sharply.
Sagax moved against the broader market, which fell slightly over the same day.
No company news from that session clearly explains the move, so the cause is unclear.
The move was very big for Sagax, about four times its normal daily swing.
Over the last five trading days, Sagax rose very sharply, far more than the market.
Today's move of +3.96% was 3.5 times a normal day's 1.1%. OMX Stockholm 30 moved −0.32% on the same day.
Sagax +3.96%OMX Stockholm 30 −0.32%Against the market
What analysts expect, and how often they have been right
Analysts’ estimates for Sagax.
Sagax earned more than expected in 4 out of 8 reports.
Not in the chart because no estimate and result are available: 4 of the 12 reports in this period, the latest on October 22, 2026.
For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 6 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.
Ratings
Price targets
Latest price 185.30 SEK
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedSEK
Next reported quarter: expected earnings per share of 2.95 SEK (February 10). For the current fiscal year, expected earnings per share changed from 12.34 SEK three months ago to 15.74 SEK now. 2026 estimate: 15.74 SEK. 2027 estimate: 13.09 SEK. One analyst made the estimate for the quarter. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. October 28: Sell about 67 m SEK. October 27: Sell about 84 m SEK. October 26: Sell about 203 m SEK. August 11: Buy about 163 m SEK. July 14: Buy about 50 m SEK.
Has the share price followed the business?
Price and earnings moved in the same direction: 1 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed −13% and earnings per share −24%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK
Assets, liabilities and market cap
AssetsLiabilitiesMarket capbn SEK
Price and earnings moved in the same direction: 1 out of 3 years.Market cap (Now): 91.7 bn SEKRevenue 2025: 5.4 bn SEK
What the key figures say about Sagax
The figures connect what Sagax earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: -0.82 SEK–14.78 SEK. Peers: Pandox 18.39 SEK, Wallenstam 4.53 SEK, Hufvudstaden 6.26 SEK. 2026 estimate: 15.74 SEK (12.63 SEK–17.90 SEK). 2027 estimate: 13.09 SEK (9.89 SEK–15.45 SEK).
What the company sold during the year.
2022–2025: 3.7 bn SEK–5.4 bn SEK. Peers: Pandox 8.4 bn SEK, Wallenstam 3.4 bn SEK, Hufvudstaden 3.3 bn SEK. 2026 estimate: 5.7 bn SEK (5.7 bn SEK–5.7 bn SEK). 2027 estimate: 6.2 bn SEK (5.9 bn SEK–6.3 bn SEK).
The percentage of revenue left after the costs of running the business.
2022–2025: 76.7%–79.1%. Peers: Pandox 58.0%, Wallenstam 59.3%, Hufvudstaden 47.9%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: −0.7%–12.2%. Peers: Pandox 10.3%, Wallenstam 9.1%, Hufvudstaden 4.3%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 15.3–30.5. Peers: Pandox 9.4, Wallenstam 8.7, Hufvudstaden 18.8. 2026 estimate: 11.8. 2027 estimate: 14.2.
What investors pay for each unit the company sells.
2022–2025: 17.00–29.85. Peers: Pandox 4.02, Wallenstam 7.34, Hufvudstaden 6.87. 2026 estimate: 16.06. 2027 estimate: 14.82.
Money paid to shareholders per share, summed by calendar year.
2017–2025: 0.72 SEK–3.50 SEK.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 0.9%–1.8%. Peers: Pandox 2.6%, Wallenstam 1.4%, Hufvudstaden 2.5%.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: 5.24–33.99. Peers: Pandox 10.51, Wallenstam 16.15.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 2.15–3.52. Peers: Pandox 0.92, Wallenstam 0.75, Hufvudstaden 0.81.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 21.1–180.0.
Cash left after investments, divided by the number of shares.
2022–2025: 7.10 SEK–7.68 SEK. Peers: Pandox -53.76 SEK, Wallenstam 2.19 SEK, Hufvudstaden 6.82 SEK.
The percentage of assets financed by shareholders’ equity.
2022–2025: 46.4%–49.8%.
The dividend explained
A dividend is money paid to shareholders. Sagax paid 3.70 SEK per share in the twelve months through November 5, 2026.
On the ex-dividend day, May 11, 2026, Sagax traded without the right to the 3.70 SEK dividend. The price went from 180.50 SEK to 178.80 SEK; including the dividend, the day's change was +1.1%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2017: 0.72 SEK2018: 1.90 SEK2019: 1.00 SEK2020: 1.30 SEK2021: 1.65 SEK2022: 2.15 SEK2023: 2.70 SEK2024: 3.10 SEK2025: 3.50 SEK2026 so far: 3.70 SEK
Sagax, A or B?
A and B are two share classes in Sagax. The classes can carry different voting rights and trade at different prices.
A cost 182.50 SEK and B 183.80 SEK at the same close. The A-to-B price gap was −0.7%.
B's trading volume was 315.2 times A's on the same day.
What to watch next, and why
The earnings report shows how Sagax's revenue and profit have changed.
- Earnings report
The earnings report shows how Sagax's revenue and profit have changed.
Add to calendar
More about Sagax
Insider trades
People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.
- Staffan Salén, chair (closely associated)Sellabout 67 m SEK
- Staffan Salén, chair (closely associated)Sellabout 84 m SEK
- Staffan Salén, chair (closely associated)Sellabout 203 m SEK
- David Mindus, CEO (closely associated)Buyabout 163 m SEK
- David Mindus, CEO (closely associated)Buyabout 50 m SEK
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Sagax usually moved about 1.6%. On a normal day it moves 1.1%.
+1.57% +0.43% −3.94% −6.68%
10,000 SEK in Sagax bought on November 7, 2016 is worth 54,900 SEK today, with dividends reinvested.
What would 10,000 SEK in Sagax be worth today? →
What would 10,000 SEK in Sagax be worth today?
54,900 SEK
with dividends reinvested, bought on November 7, 2016.
The five biggest days of the journey
· −15.4% · the whole market fell 3.4% the same day
· −11.9% · the whole market fell 4.7% the same day
· +10.9% · the whole market rose 3.2% the same day
· −10.8% · the whole market fell 10.6% the same day
· +10.7% · the whole market rose 7.1% the same day
Earlier days
+12.03% market −0.11% Sagax rose very sharply over the week, while the broader Stockholm market stayed roughly flat. Read →
Sagax rose very sharply over the week, while the broader Stockholm market stayed roughly flat.
Last session the shares edged up on heavy trading, against a clearly falling market.
Sagax's next earnings report is due on Wednesday 10 February 2027.
+4.74% market +0.83% Sagax rose, moving well ahead of the market. Read →
Sagax rose, moving well ahead of the market.
No company news from that session explains the move.
Over the last five trading days Sagax rose sharply, while OMX Stockholm 30 rose slightly.
Earlier news included chair Staffan Salén selling shares for about 350 million SEK last Thursday, and Pareto raising its price target, the share price it sees as fair, to SEK181 while keeping its hold rating, which means neither buy nor sell.
−0.65% market −0.08% Sagax fell slightly without a company-news explanation. Read →
Sagax fell slightly without a company-news explanation.
Over the last five trading days it was roughly unchanged while OMX Stockholm 30 rose slightly, so Sagax lagged the market.
The move was an ordinary one for the stock.
The most likely drivers are broader real estate sentiment and the market's modest moves.
Sagax's next earnings report is on Wednesday 10 February 2027.
+2.72% market +0.48% Sagax rose, while Stockholm's OMX 30 rose only slightly. Read →
Sagax rose, while Stockholm's OMX 30 rose only slightly.
No company news explains it.
Over five trading days Sagax was roughly flat, while the market rose clearly.
Insider Staffan Salén, chair, sold about 2.1 million shares for about 354 million SEK on 26 to 28 October.
Its next earnings report is on 10 February 2027.
−0.66% market −0.29% Sagax fell, a move within its usual daily range. Read →
Sagax fell, a move within its usual daily range.
Over the same day OMX Stockholm 30 also fell slightly, so Sagax moved roughly in line with the market.
No company news from the last session explains the move; the main news came before it.
Over the last five trading days Sagax fell clearly while OMX Stockholm 30 rose clearly.
−2.93% market +3.01% Sagax, listed on Nasdaq Stockholm as SAGA-B, fell clearly over the week while the OMX Stockholm 30 index rose clearly, so it moved against the market. Read →
Sagax, listed on Nasdaq Stockholm as SAGA-B, fell clearly over the week while the OMX Stockholm 30 index rose clearly, so it moved against the market.
Its move was ordinary for the stock, smaller than a normal day for Sagax.
The clearest company news was a sale of shares by chair Staffan Salén, who sold about 354 million SEK of shares from 26 to 28 October, which likely weighed on the price.
Sector peers were slightly lower over the same days, so the sector was only a mild drag.
−0.95% market +0.41% Sagax fell slightly, against a rising market. Read →
Sagax fell slightly, against a rising market.
Staffan Salén, the chair, sold about SEK 354 million of shares through a related company on 26-28 October.
Such a sale can have many reasons and is no view on the shares.
The move was ordinary for Sagax, and over five days it was roughly flat while OMX Stockholm 30 rose sharply.
+0.24% market +0.33% Sagax was roughly unchanged. Read →
Sagax was roughly unchanged.
Sagax likely lagged because no company news came out that day.
Over the last five trading days it rose slightly, and the broader market rose a little too.
The move was an ordinary one for Sagax.
+1.97% market −3.67% Sagax (Class B shares, listed on Nasdaq Stockholm, a Swedish property company) rose slightly over the past five trading days, while the OMX Stockholm 30 index fell sharply, so it moved against the market. Read →
Sagax (Class B shares, listed on Nasdaq Stockholm, a Swedish property company) rose slightly over the past five trading days, while the OMX Stockholm 30 index fell sharply, so it moved against the market.
The main driver was the third-quarter report published yesterday, which showed higher rental income and higher profit from property management, a measure of profit from running its buildings.
Management raised its full-year profit forecast on the back of that result.
Analysts were split: Jefferies warned the raised forecast masked weaker underlying performance, while Pareto cut its target price, the share price it sees as fair.
−2.45% market −0.89% Sagax fell sharply, moving well apart from the market, which was roughly flat to lower. Read →
Sagax fell sharply, moving well apart from the market, which was roughly flat to lower.
No company news from that session explains the move.
Earlier news came out before that session: Pareto Securities cut its price target, the share price it sees as fair, and kept a hold rating, which means keep the shares rather than add or sell.
Sagax's buy-and-sell pace of properties was high, but its earnings growth looked weak.
Over the last five trading days, Sagax rose clearly while the broader market stayed roughly unchanged.
Learn more · Why do stocks go up and down?