Nivika Fastigheter AB (publ)

OM:NIVI B Stock Report

Market Cap: SEK 3.8b

Nivika Fastigheter Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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.

Below Fair Value: NIVI B (SEK39.2) is trading above our estimate of fair value (SEK27.86)

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 Ratio28.4x
EarningsSEK 132.20m
Market CapSEK 3.76b

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 Average34x
EAST Eastnine
55.6x62.9%SEK 4.0b
HEIM PREF Heimstaden
7.6xn/aSEK 2.9b
EMIL B Fastighetsbolaget Emilshus
49.5x29.7%SEK 5.7b
SLP B Swedish Logistic Property
23.5x20.4%SEK 9.9b
NIVI B Nivika Fastigheter
28.4x43.9%SEK 3.8b

Price-To-Earnings vs Peers: NIVI B is good value based on its Price-To-Earnings Ratio (28.4x) compared to the peer average (34x).

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
AJA B Byggmästare Anders J Ahlström Holding
2.7xn/aUS$182.40m
TORSAB Torslanda Property Investment
1.8xn/aUS$95.65m
TITA B Titania Holding
2x-1.3%US$50.32m
HALMEN Halmslätten Fastighets
1.2xn/aUS$35.58m
NIVI B 28.4xIndustry Avg. 28.4xNo. of Companies6PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NIVI B is expensive based on its Price-To-Earnings Ratio (28.4x) compared to the Swedish Real Estate industry average (28.4x).

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 Ratio28.4x
Fair PE Ratio35.6x

Price-To-Earnings vs Fair Ratio: NIVI B is good value based on its Price-To-Earnings Ratio (28.4x) compared to the estimated Fair Price-To-Earnings Ratio (35.6x).

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 39.20
SEK 52.00
+32.7%
5.8%SEK 55.00SEK 49.00n/a2
Dec ’25SEK 41.80
SEK 52.00
+24.4%
5.8%SEK 55.00SEK 49.00n/a2
Nov ’25SEK 41.60
SEK 52.00
+25.0%
5.8%SEK 55.00SEK 49.00n/a2
Oct ’25SEK 45.00
SEK 50.50
+12.2%
8.9%SEK 55.00SEK 46.00n/a2
Sep ’25SEK 43.80
SEK 50.50
+15.3%
8.9%SEK 55.00SEK 46.00n/a2
Aug ’25SEK 45.20
SEK 50.50
+11.7%
8.9%SEK 55.00SEK 46.00n/a2
Jul ’25SEK 39.10
SEK 41.00
+4.9%
2.4%SEK 42.00SEK 40.00n/a2
Jun ’25SEK 43.20
SEK 41.00
-5.1%
2.4%SEK 42.00SEK 40.00n/a2
May ’25SEK 34.90
SEK 41.00
+17.5%
2.4%SEK 42.00SEK 40.00n/a2
Apr ’25SEK 33.90
SEK 41.00
+20.9%
2.4%SEK 42.00SEK 40.00n/a2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 06:41
End of Day Share Price 2024/12/20 00:00
Earnings2024/08/31
Annual Earnings2024/08/31

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 here.

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 .

Analyst Sources

Nivika Fastigheter AB (publ) is covered by 3 analysts. 1 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
Rikard EngbergPenser Access
Mathias CarlsonPenser Access