Nivika Fastigheter AB (publ)

OM:NIVI B Stock Report

Market Cap: SEK 4.3b

Nivika Fastigheter Valuation

Is NIVI B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NIVI B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SEK 40.43
Fair Value
12.5% overvalued intrinsic discount
3
Number of Analysts

Below Fair Value: NIVI B (SEK45.5) is trading above our estimate of fair value (SEK40.43)

Significantly Below Fair Value: NIVI B is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NIVI B?

Key metric: As NIVI B is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NIVI B. This is calculated by dividing NIVI B's market cap by their current earnings.
What is NIVI B's PE Ratio?
PE Ratio16.6x
EarningsSEK 259.29m
Market CapSEK 4.31b

Price to Earnings Ratio vs Peers

How does NIVI B's PE Ratio compare to its peers?

The above table shows the PE ratio for NIVI B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.7x
SFAST Stenhus Fastigheter i Norden
11.6xn/aSEK 4.1b
HEIM PREF Heimstaden
0.6xn/aSEK 4.1b
PRISMA Prisma Properties
13.2x17.85%SEK 4.1b
TRIAN B Fastighets AB Trianon
9.4x4.24%SEK 3.7b
NIVI B Nivika Fastigheter
16.6x13.32%SEK 4.3b

Price-To-Earnings vs Peers: NIVI B is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the peer average (8.7x).

Price to Earnings Ratio vs Industry

How does NIVI B's PE Ratio compare vs other companies in the SE Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HEIM PREF Heimstaden
0.6xn/aUS$436.45m
TORSAB Torslanda Property Investment
1.8xn/aUS$95.65m
TITA B Titania Holding
1.3x-28.02%US$63.67m
HALMEN Halmslätten Fastighets
1.2xn/aUS$35.58m
NIVI B 16.6xIndustry Avg. 14.8xNo. of Companies7PE0816243240+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NIVI B is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the Swedish Real Estate industry average (15.3x).

Price to Earnings Ratio vs Fair Ratio

What is NIVI B's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NIVI B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.6x
Fair PE Ratio15.8x

Price-To-Earnings vs Fair Ratio: NIVI B is expensive based on its Price-To-Earnings Ratio (16.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NIVI B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 45.50
SEK 51.17
+12.45%
5.66%SEK 55.00SEK 48.00n/a3
Nov ’26SEK 41.20
SEK 50.83
+23.38%
6.44%SEK 55.00SEK 47.00n/a3
Oct ’26SEK 40.00
SEK 50.83
+27.08%
6.44%SEK 55.00SEK 47.00n/a3
Sep ’26SEK 42.00
SEK 50.83
+21.03%
6.44%SEK 55.00SEK 47.00n/a3
Aug ’26SEK 43.10
SEK 50.83
+17.94%
6.44%SEK 55.00SEK 47.00n/a3
Jul ’26SEK 41.05
SEK 50.83
+23.83%
6.44%SEK 55.00SEK 47.00n/a3
Jun ’26SEK 38.05
SEK 52.75
+38.63%
4.27%SEK 55.00SEK 50.50n/a2
May ’26SEK 39.90
SEK 52.33
+31.16%
4.77%SEK 55.00SEK 49.00n/a3
Apr ’26SEK 40.80
SEK 52.33
+28.27%
4.77%SEK 55.00SEK 49.00n/a3
Mar ’26SEK 39.70
SEK 52.33
+31.82%
4.77%SEK 55.00SEK 49.00n/a3
Feb ’26SEK 39.30
SEK 52.00
+32.32%
5.77%SEK 55.00SEK 49.00n/a2
Jan ’26SEK 40.30
SEK 52.00
+29.03%
5.77%SEK 55.00SEK 49.00n/a2
Dec ’25SEK 41.80
SEK 52.00
+24.40%
5.77%SEK 55.00SEK 49.00n/a2
Nov ’25SEK 41.60
SEK 52.00
+25.00%
5.77%SEK 55.00SEK 49.00SEK 41.202
Oct ’25SEK 45.00
SEK 50.50
+12.22%
8.91%SEK 55.00SEK 46.00SEK 40.002
Sep ’25SEK 43.80
SEK 50.50
+15.30%
8.91%SEK 55.00SEK 46.00SEK 42.002
Aug ’25SEK 45.20
SEK 50.50
+11.73%
8.91%SEK 55.00SEK 46.00SEK 43.102
Jul ’25SEK 39.10
SEK 41.00
+4.86%
2.44%SEK 42.00SEK 40.00SEK 41.052
Jun ’25SEK 43.20
SEK 41.00
-5.09%
2.44%SEK 42.00SEK 40.00SEK 38.052
May ’25SEK 34.90
SEK 41.00
+17.48%
2.44%SEK 42.00SEK 40.00SEK 39.902
Apr ’25SEK 33.90
SEK 41.00
+20.94%
2.44%SEK 42.00SEK 40.00SEK 40.802
SEK 51.17
Fair Value
11.1% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/26 13:14
End of Day Share Price 2025/11/26 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nivika Fastigheter AB (publ) is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stefan Erik AnderssonDanske Bank
Mathias CarlsonDNB Carnegie Commissioned Research
Viktor HökenhammarPareto Securities