Nivika Fastigheter AB Series B (NIVI-B) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Nivika Fastigheter AB Series B stock SEK 57.34, price SEK 33.80, upside +69.6%, quality 57 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 13, 2026.
How to read this chart
59‑month range kr 24.60 – kr 94.10 · fair‑value band kr 11.47 – kr 162.32 · the kr 33.80 price screens below the kr 57.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 13, 2026.
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Nivika Fastigheter AB (publ), a property company, owns, manages, and develops residential and commercial premises and rentals in Sweden.
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Its property portfolio consists of apartment building, student housing, industrial, warehouse, office, school/preschool, and community service properties, as well as plots. Nivika Fastigheter AB (publ) was founded in 2000 and is headquartered in Värnamo, Sweden.
Stock analysis
Nivika Fastigheter AB Series B (NIVI-B) currently trades at kr 33.80, while our model-based Fair Value estimate is kr 57.34, implying the stock looks roughly 41.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 57.34 per share, and 10 of the 13 models we run sit above the kr 33.80 price.
Bear case: the Growth DCF group reads lowest at kr 28.34, and 3 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 11.47 (bear) to kr 162.32 (bull), the price of kr 33.80 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Nivika Fastigheter AB Series B reported revenue of 789M SEK in FY2025 versus 328M SEK in FY2021, a compound +24.6%/yr. Reported net income was 254M SEK in FY2025, compounding −8.5%/yr from FY2021.
Key figures
Market cap 3.4B SEK (≈ $340M) Small · P/E ratio 8.8 · P/S ratio 3.97 · EPS (TTM) kr 4.21 · Dividend yield 2.1% · Net margin 47.5% · Return on equity 7.1% · Return on assets (EBIT) 5.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at 70%, NIVI-B screens cheaper than that median.
Fair Value models
Bearkr 11.47Fair Value kr 57.34Bullkr 162.32
Price kr 33.80 · Upside +69.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (kr 3.49 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+16.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.9%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−18.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.9%
Dividend (yield on the price)2.1%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3% → 66%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+13.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +11.6% a year for the price.
Compare Nivika Fastigheter AB Series B with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate Services · 519 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+69.6% · Above median
Profitability
Return on equity (12 months)7.1% · Above median
Return on assets1.8% · Below median
Net margin (12 months)47.5% · Top 25%
Operating margin (12 months)68.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)15.5% · Above median
Dividend yield (12 months)2.1% · Below median
Balance sheet
Debt / equity1.17× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Nivika Fastigheter AB Series B Fair Value". https://www.fairvalue-calculator.com/stock/NIVI-B
Frequently asked questions
Is Nivika Fastigheter AB Series B (NIVI-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 57.34 versus a price of kr 33.80, about +70% upside (undervalued).
What is the fair value of NIVI-B?
Our model-based fair value for Nivika Fastigheter AB Series B is kr 57.34 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 33.80.
What is the quality score of NIVI-B?
Nivika Fastigheter AB Series B has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Nivika Fastigheter AB Series B (NIVI-B)?
Our model-based price target is the fair value of kr 57.34 (as of Oct 13, 2026) from 14 valuation models. Cautious scenario kr 11.47, optimistic scenario kr 162.32. It is a calculation from audited fundamentals, not an analyst target.
What is the Nivika Fastigheter AB Series B stock forecast for 2026?
Our models put fair value at kr 57.34, about +70% upside versus a price of kr 33.80 (undervalued). Cautious scenario kr 11.47, optimistic scenario kr 162.32. The calculation is refreshed regularly with new filings.
What is the revenue of Nivika Fastigheter AB Series B (NIVI-B)?
Nivika Fastigheter AB Series B reported trailing-twelve-month revenue of about 847M SEK (latest available figure, as of Oct 13, 2026).
Does Nivika Fastigheter AB Series B pay a dividend?
Nivika Fastigheter AB Series B currently shows a dividend yield of 2.13% relative to its recent price (as of Oct 13, 2026).
What growth is priced into Nivika Fastigheter AB Series B (NIVI-B)?
For today's price to be fair in a discounted-cash-flow model, Nivika Fastigheter AB Series B would have to grow free cash flow by +13.8 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.9 % per year. As of Oct 13, 2026.
What discount rate (WACC) does the fair value of NIVI-B use?
Our models discount Nivika Fastigheter AB Series B at 11.4 %: a base by market capitalisation (small), damped by beta 1.13, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Nivika Fastigheter AB Series B that is +13.8 % per year a year over ten years, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has Nivika Fastigheter AB Series B (NIVI-B) delivered so far?
Over the past 5 years revenue at Nivika Fastigheter AB Series B grew +24.9 % a year. The price currently implies +13.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Nivika Fastigheter AB Series B (NIVI-B) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into Nivika Fastigheter AB Series B (+13.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nivika Fastigheter AB Series B (NIVI-B)?
The free-cash-flow yield on the price is 15.60 %: that much free cash flow Nivika Fastigheter AB Series B produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nivika Fastigheter AB Series B (NIVI-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nivika Fastigheter AB Series B it is kr 57.34 per share (as of Oct 13, 2026), against a price of kr 33.80. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Nivika Fastigheter AB Series B stock overvalued or undervalued in 2026?
As of Oct 13, 2026, NIVI-B trades below its calculated fair value: price kr 33.80, fair value kr 57.34, a gap of about +70% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NIVI-B?
No. The price is what the market pays today (kr 33.80); the fair value is what the company's own numbers justify (kr 57.34). For Nivika Fastigheter AB Series B the two are kr 23.54 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nivika Fastigheter AB Series B worth?
The market values Nivika Fastigheter AB Series B at about 3.4B SEK (market capitalisation, as of Oct 13, 2026). Per share that is kr 33.80; our models calculate a fair value of kr 57.34 per share.
What do the bullish and bearish scenarios say about NIVI-B?
Our models span a range for Nivika Fastigheter AB Series B: cautious scenario kr 11.47, base kr 57.34, optimistic kr 162.32 per share (as of Oct 13, 2026, price kr 33.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NIVI-B?
Nivika Fastigheter AB Series B trades at a price-to-earnings ratio of 8.8 (as of Oct 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 57.34 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 16.2 (reported for FY2025: 12.6). Other multiples: P/B 0.6, P/S 4.0, EV/EBITDA 17.2.
How solid is the balance sheet of Nivika Fastigheter AB Series B (NIVI-B)?
Balance-sheet figures for Nivika Fastigheter AB Series B (as of Oct 13, 2026): return on equity 7.1%, debt of 1.17 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is NIVI-B from its 52-week high?
Nivika Fastigheter AB Series B trades at kr 33.80, about 25% below its 52-week high of kr 45.32 and at the low of kr 33.80 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 57.34 is for.
Which stocks are comparable to Nivika Fastigheter AB Series B?
From the same area (Real Estate) we also value CBRE Group, KE Holdings, Swire Properties Limited, Cellnex Telecom, S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Nivika Fastigheter AB Series B stock attractive at the current price?
The data as of Oct 13, 2026: price kr 33.80, calculated fair value kr 57.34 (+70%), Quality Score 57/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NIVI-B calculated?
We run Nivika Fastigheter AB Series B through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 57.34, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. Nivika Fastigheter AB Series B currently trades 41 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Nivika Fastigheter AB Series B (NIVI-B)?
The closing price on Oct 19, 2026 was kr 33.80. Our model-based fair value is kr 57.34, about +70% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nivika Fastigheter AB Series B right now?
The model range is unusually wide (kr 11.47 to kr 162.32). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Nivika Fastigheter AB Series B
How large is the market capitalisation of Nivika Fastigheter AB Series B (NIVI-B)?
The market capitalisation of Nivika Fastigheter AB Series B is 3.4B SEK (≈ $340M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Nivika Fastigheter AB Series B (NIVI-B)?
The price-to-sales ratio of Nivika Fastigheter AB Series B is 3.97 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nivika Fastigheter AB Series B (NIVI-B)?
Earnings per share at Nivika Fastigheter AB Series B are kr 4.21 (price ÷ EPS = P/E 8.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nivika Fastigheter AB Series B (NIVI-B)?
The dividend yield of Nivika Fastigheter AB Series B is 2.1% (payout 21.9%, on adjusted earnings, reported 17.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Nivika Fastigheter AB Series B (NIVI-B)?
The net margin of Nivika Fastigheter AB Series B is 47.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Nivika Fastigheter AB Series B (NIVI-B)?
The return on equity (ROE) of Nivika Fastigheter AB Series B is 7.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Nivika Fastigheter AB Series B (NIVI-B)?
On an EBIT basis the return on assets of Nivika Fastigheter AB Series B is 5.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Nivika Fastigheter AB Series B (NIVI-B)?
The operating margin of Nivika Fastigheter AB Series B is 68.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nivika Fastigheter AB Series B (NIVI-B)?
Revenue at Nivika Fastigheter AB Series B is growing +15.5% versus a year earlier (3y avg +14.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Nivika Fastigheter AB Series B (NIVI-B)?
Earnings per share at Nivika Fastigheter AB Series B are growing +268% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nivika Fastigheter AB Series B (NIVI-B) carry?
The net debt of Nivika Fastigheter AB Series B is 6.7B SEK (fiscal year 2025, ≈ 13.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 13, 2026