NP3 Fastigheter AB (publ)

OM:NP3 Stock Report

Market Cap: SEK 15.9b

NP3 Fastigheter Valuation

Is NP3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of NP3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: NP3 (SEK257.5) is trading below our estimate of future cash flow value (SEK303.61)

Significantly Below Future Cash Flow Value: NP3 is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NP3?

Key metric: As NP3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NP3. This is calculated by dividing NP3's market cap by their current earnings.
What is NP3's PE Ratio?
PE Ratio13.5x
EarningsSEK 1.18b
Market CapSEK 15.86b

Price to Earnings Ratio vs Peers

How does NP3's PE Ratio compare to its peers?

The above table shows the PE ratio for NP3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.5x
INTEA B Intea Fastigheter
16.6x-6.12%SEK 18.2b
CIBUS Cibus Nordic Real Estate
12.7x-1.85%SEK 12.3b
ATRLJ B Atrium Ljungberg
22.6x-3.26%SEK 18.6b
NYF Nyfosa
26.2x29.23%SEK 13.3b
NP3 NP3 Fastigheter
13.5x3.18%SEK 15.9b

Price-To-Earnings vs Peers: NP3 is good value based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (22x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does NP3's PE Ratio compare vs other companies in the SE Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HEIM PREF Heimstaden
0.6xn/aUS$439.78m
TORSAB Torslanda Property Investment
1.8xn/aUS$95.65m
TITA B Titania Holding
1.5x-32.68%US$72.30m
HALMEN Halmslätten Fastighets
1.2xn/aUS$35.58m
NP3 13.5xIndustry Avg. 12.1xNo. of Companies11PE0816243240+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NP3 is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the Swedish Real Estate industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is NP3'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.

NP3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.5x
Fair PE Ratio15x

Price-To-Earnings vs Fair Ratio: NP3 is good value based on its Price-To-Earnings Ratio (13.5x) compared to the estimated Fair Price-To-Earnings Ratio (15x).

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 NP3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 257.50
SEK 268.25
+4.17%
18.41%SEK 300.00SEK 183.00n/a4
Apr ’27SEK 251.00
SEK 270.75
+7.87%
18.71%SEK 300.00SEK 183.00n/a4
Mar ’27SEK 269.50
SEK 270.75
+0.46%
18.71%SEK 300.00SEK 183.00n/a4
Feb ’27SEK 264.00
SEK 267.25
+1.23%
18.13%SEK 300.00SEK 184.00n/a4
Jan ’27SEK 259.00
SEK 266.67
+2.96%
17.68%SEK 300.00SEK 200.00n/a3
Dec ’26SEK 257.00
SEK 266.67
+3.76%
17.68%SEK 300.00SEK 200.00n/a3
Nov ’26SEK 259.00
SEK 266.67
+2.96%
17.68%SEK 300.00SEK 200.00n/a3
Oct ’26SEK 247.50
SEK 268.33
+8.42%
18.02%SEK 305.00SEK 200.00n/a3
Sep ’26SEK 252.50
SEK 268.33
+6.27%
18.02%SEK 305.00SEK 200.00n/a3
Aug ’26SEK 257.50
SEK 268.33
+4.21%
18.02%SEK 305.00SEK 200.00n/a3
Jul ’26SEK 272.00
SEK 265.00
-2.57%
17.50%SEK 305.00SEK 200.00n/a3
Jun ’26SEK 259.00
SEK 292.50
+12.93%
4.27%SEK 305.00SEK 280.00n/a2
May ’26SEK 251.50
SEK 291.00
+15.71%
3.78%SEK 302.00SEK 280.00n/a2
Apr ’26SEK 242.00
SEK 301.00
+24.38%
0.33%SEK 302.00SEK 300.00SEK 251.002
Mar ’26SEK 263.00
SEK 301.00
+14.45%
0.33%SEK 302.00SEK 300.00SEK 269.502
Feb ’26SEK 263.50
SEK 295.00
+11.95%
1.69%SEK 300.00SEK 290.00SEK 264.002
Jan ’26SEK 250.00
SEK 305.00
+22.00%
1.64%SEK 310.00SEK 300.00SEK 259.002
Dec ’25SEK 257.50
SEK 305.00
+18.45%
1.64%SEK 310.00SEK 300.00SEK 257.002
Nov ’25SEK 255.00
SEK 305.00
+19.61%
1.64%SEK 310.00SEK 300.00SEK 259.002
Oct ’25SEK 272.50
SEK 284.50
+4.40%
8.96%SEK 310.00SEK 259.00SEK 247.502
Sep ’25SEK 269.00
SEK 284.50
+5.76%
8.96%SEK 310.00SEK 259.00SEK 252.502
Aug ’25SEK 256.00
SEK 284.50
+11.13%
8.96%SEK 310.00SEK 259.00SEK 257.502
Jul ’25SEK 257.00
SEK 251.50
-2.14%
5.37%SEK 265.00SEK 238.00SEK 272.002
Jun ’25SEK 248.50
SEK 244.00
-1.81%
2.46%SEK 250.00SEK 238.00SEK 259.002
May ’25SEK 232.00
SEK 225.50
-2.80%
10.86%SEK 250.00SEK 201.00SEK 251.502
SEK 268.25
Fair Value
4.0% undervalued intrinsic discount
4
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 Analysis2026/04/12 01:06
End of Day Share Price 2026/04/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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

NP3 Fastigheter AB (publ) is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Erik GranströmDNB Carnegie
Michael PrewJefferies LLC