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Eastnine AB (publ) (EAST.ST)

SEK47.15 +0.25 (+0.53%)
SE STO Real Estate Real Estate - Services
Address Kungsgatan 30 103 88
Stockholm, SE
CEO Kestutis Sasnauskas
IPO 2007-11-09
ISIN SE0022050183

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Description

Eastnine AB (publ), formerly known as East Capital Explorer AB, is a specialized firm dedicated to real estate investments. Founded in November 2007, the company underwent a strategic transformation at the start of 2017, shifting its investment strategy from a blend of public and unlisted equity holdings to an exclusive focus on real estate assets. The firm actively seeks out growth opportunities within the property sector, engaging in direct real estate investments and participating in fund-of-funds arrangements. It also undertakes selective investments in special situations. Its mandate covers various components of the real estate market, including land, physical properties, and other related assets. Geographically, Eastnine primarily concentrates its investments in Eastern Europe, Russia, and the Commonwealth of Independent States (CIS) countries, specifically Ukraine, Kazakhstan, Belarus, Uzbekistan, Turkmenistan, Azerbaijan, Georgia, Armenia, Kyrgyzstan, Tajikistan, and Moldova. Its scope also extends to the Balkans, the Baltic States, and Central Europe. As a long-term and proactive investor, Eastnine finances its ventures directly from its balance sheet. While primarily focused on property, the firm retains the flexibility to allocate capital to future East Capital private equity and real estate funds, as well as existing and prospective alternative funds offered by East Capital. Additionally, it has the option to make limited investments in East Capital's open-ended, daily-traded funds. Headquartered in Stockholm, Sweden, Eastnine also operates offices in Tallinn, Estonia; Vilnius, Lithuania; and Riga, Latvia.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SEK47.15 +0.25 (+0.53%)
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Volume Profile
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Liquidity & share structure
Average Volume
108.5K
Beta
0.68
Float Shares
31.25M
Free Float %
32.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.54% +1.43% +4.64% -2.43% -6.57% -6.57% -1.70% +66.67% +41.44% +184.62% +82.23%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
47.15
DCF (Unlevered) 53.06 +12.5%
DCF (Levered) 275.67 +484.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.48
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Real Estate - Services: +11.2%
    +41.2% Q2'26: -95.1% (vs Q2'25)
  • EPS growth Real Estate - Services: +25.9%
    +562.7% Q2'26: -10.3% (vs Q2'25)
  • FCF margin FCF growth · Real Estate - Services: +32.2%
    +40.2% Q2'26: +84.4% (vs Q2'25)
  • EBIT margin Real Estate - Services: +23.7%
    +100.1% Q2'26: +143.3% (vs Q2'25)
  • ROIC Real Estate - Services: +4.3%
    +4.9% Q2'26: +8.9% (vs Q2'25)
  • Share dilution Real Estate - Services: +0.0%
    +9.8% Q2'26: +0.5% (vs Q2'25)
  • Debt / EBITDA Net debt/EBITDA · Real Estate - Services: 1.88×
    8.72× Q2'26: 0.00× (vs Q2'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.68) × ERP
WACC = 45% × Ke + 55% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 53.06 Current price: 47.15
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
1 EPS Ana.
Dec 2027
2 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
9.00M
est: 8.02M (+12.2%)
17.62M
est: 4.18M (+321.6%)
19.97M
est: 4.36M (+357.9%)
6.94M
est: 6.17M (+12.4%)
13.35M
est: 12.95M (+3.1%)
19.19M
est: 18.91M (+1.5%)
21.53M
est: 22.76M (-5.4%)
30.30M
est: 30.51M (-0.7%)
36.17M
est: 3.19M (+1,034.8%)
41.52M
est: 40.93M (+1.5%)
58.65M
est: 61.84M (-5.2%)
61.18M
61.07M – 61.39M
-1.1% YoY
62.47M
62.16M – 63.07M
+2.1% YoY
64.09M
63.88M – 64.51M
+2.6% YoY
EBITDA
16.0K
62.0K
165.0K
174.0K
183.0K
191.0K
est: 649.8K (-70.6%)
est: 8.34M (-100.0%)
58.72M
est: 12.61M (+365.7%)
12.47M
12.45M – 12.52M
-1.1% YoY
12.74M
12.67M – 12.86M
+2.1% YoY
13.07M
13.02M – 13.15M
+2.6% YoY
EBIT
est: 637.4K (-100.0%)
est: 8.19M (-100.0%)
58.72M
est: 12.37M (+374.8%)
12.24M
12.21M – 12.28M
-1.1% YoY
12.49M
12.43M – 12.61M
+2.1% YoY
12.82M
12.78M – 12.90M
+2.6% YoY
Net Income
7.27M
est: 4.84M (+50.3%)
13.30M
est: 3.27M (+306.9%)
17.09M
est: 2.95M (+478.7%)
15.64M
est: 8.51M (+83.7%)
35.27M
est: 7.21M (+388.9%)
36.16M
est: 10.41M (+247.4%)
72.33M
est: 20.42M (+254.2%)
108.56M
est: 65.01M (+67.0%)
-72.05M
est: -1.94M (-3,614.4%)
5.91M
est: 16.29M (-63.7%)
42.52M
est: 39.22M (+8.4%)
36.45M
36.22M – 36.68M
-7.1% YoY
39.32M
39.07M – 39.57M
+7.9% YoY
41.73M
41.46M – 42.00M
+6.1% YoY
SGA
1.21M
est: 1.14M (+6.5%)
2.13M
est: 591.5K (+259.9%)
2.67M
est: 617.2K (+332.7%)
2.56M
est: 873.7K (+192.7%)
3.87M
est: 1.83M (+111.4%)
3.52M
est: 2.68M (+31.4%)
3.85M
est: 3.22M (+19.6%)
4.22M
est: 4.32M (-2.2%)
3.68M
est: 350.8K (+948.7%)
4.33M
est: 4.51M (-3.9%)
1.52M
est: 6.81M (-77.6%)
6.73M
6.72M – 6.76M
-1.1% YoY
6.88M
6.84M – 6.94M
+2.1% YoY
7.05M
7.03M – 7.10M
+2.6% YoY
EPS
0.06
est: 0.05 (+13.9%)
0.12
est: 0.04 (+226.7%)
0.18
est: 0.03 (+442.7%)
0.18
est: 0.10 (+88.2%)
0.42
est: 0.08 (+418.3%)
0.42
est: 0.12 (+259.2%)
0.82
est: 0.23 (+257.4%)
1.22
est: 0.73 (+67.0%)
-0.81
est: -0.02 (-3,990.8%)
0.07
est: 0.17 (-60.1%)
0.44
est: 0.40 (+9.9%)
0.37
0.37 – 0.38
-7.1% YoY
0.40
0.40 – 0.40
+7.9% YoY
0.43
0.42 – 0.43
+6.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-28 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-27 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-26 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-25 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-22 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-21 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-20 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-19 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-18 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-15 A- 4/5 5/5 3/5 4/5 2/5 3/5 3/5
2026-05-13 A- 4/5 5/5 3/5 4/5 2/5 3/5 3/5
2026-05-12 A- 4/5 5/5 3/5 4/5 2/5 3/5 3/5
2026-05-11 A- 4/5 5/5 3/5 4/5 2/5 3/5 3/5
2026-05-08 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-07 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-06 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-05 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-05-04 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-04-30 A- 4/5 5/5 3/5 4/5 1/5 3/5 4/5
2026-04-29 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-28 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-27 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-24 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-23 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5
2026-04-22 A- 4/5 5/5 3/5 5/5 1/5 3/5 4/5
2026-04-21 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-20 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-17 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-16 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
728.99M
OE per share TTM
7.46
Owner's Yield
16.12%
Maintenance CapEx ratio
31.61%
Maint CapEx / Avg PPE
434.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 10 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Xtrackers International Real Estate ETF HAUZ 0.03% 319.2K 0.10%
2 Dimensional - International Small Cap Value ETF DISV 0.01% 369.7K 0.42%
3 Dimensional - International Small Cap ETF DFIS 0.01% 352.5K 0.39%
4 Avantis International Small Cap Equity ETF AVDS 0.00% 15.8K 0.30%
5 Dimensional - International Core Equity 2 ETF DFIC 0.00% 238.0K 0.22%
6 State Street SPDR Portfolio Europe ETF SPEU 0.00% 10.0K 0.07%
7 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 162.0K 0.28%
8 Dimensional International Sustainability Core 1 ETF DFSI 0.00% 11.1K 0.24%
9 Dimensional - International Core Equity Market ETF DFAI 0.00% 170.6K 0.18%
10 Dimensional - International Vector Equity ETF DXIV 0.00% 1.7K 0.53%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.55M
Shares Outstanding
97.77M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Kestutis Sasnauskas Chief Executive Officer 505.0K male
Britt-Marie Nyman VP, CFO & Deputy CEO 342.0K female
Emelie Ahlin Andersson Head of Investor Relations female
Emil Holmström Chief Investment Officer male
Eric Strandberg Stadler Head of Finance male
Gerry Sommensjö Head of Accounting male
Irmantas Trimonis Head of Projects Manager male
Arjen Diljen Chief Technology Officer male
Lilia Kouzmina Head of Sustainability female
Beata Nader-Wejss Chief Accountant
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits