Novavest Real Estate AG (NREN) Fair Value & Analysis
Real Estate · CH · Market cap CHF 402M
Fair value as of: Jul 16, 2026
From 16 valuation models · updated 24 days ago
Below-average quality, and screening another 39% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (CHF 32.46). The favourable scenario is already priced in.
- Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (CHF 17.46 to CHF 32.46) leaves room in how you read the outcome.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range CHF 29.53 – CHF 42.12 · fair‑value band CHF 17.46 – CHF 32.46 · the CHF 39.40 price screens above the CHF 24.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Novavest Real Estate AG (NREN) currently trades at CHF 39.40, while our model-based Fair Value estimate is CHF 24.17, implying the stock looks roughly 38.6% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Novavest Real Estate AG generated revenue of CHF 42.7M at a net margin of 71.5%. Revenue declined 1.1% year over year. It earns a return on equity of 7.1%. Net debt stands at CHF 513M. Fundamentals as of Jul 16, 2026
Our scenario range runs from CHF 17.46 (bear case) to CHF 32.46 (bull case); at CHF 39.40, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at -39%, NREN screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: Dividend Discount (CHF 53.95) versus Growth DCF (CHF 9.24). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 58
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Novavest Real Estate AG engages in the real estate activities in Switzerland. The company manages, rents, and develops properties for residential, as well as office and commercial uses.
Full company description
Novavest Real Estate AG engages in the real estate activities in Switzerland. The company manages, rents, and develops properties for residential, as well as office and commercial uses. It also offers activities on the management and development of living space for life in the third age, such as retirement homes and care facilities, as well as office and commercial use, and new construction projects. Novavest Real Estate AG was incorporated in 2013 and is based in Zurich, Switzerland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Novavest Real Estate AG reported revenue of CHF 42.9M in FY2025 versus CHF 26.7M in FY2021, a compound +12.5%/yr. Reported net income was CHF 30.5M in FY2025, compounding +1.0%/yr from FY2021.
NREN screens 39% overvalued. Compare with Swiss Prime Site AG →
Peer Group
Real Estate - Diversified · 138 stocks
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.
Valuation Multiples vs Real Estate - Diversified median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Real Estate - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Swiss Prime Site AG SPSN | CHF 129.20 | CHF 44.83 | -65% |
| Central Pattana Public Company CPN | 68.75 THB | 71.37 THB | +4% |
| Prestige Estates Projects Limited PRESTIGE | ₹1,733 | ₹645.21 | -63% |
| The Phoenix Mills Limited PHOENIXLTD | ₹2,076 | ₹701.74 | -66% |
| Fastighets AB BALDB | kr 50.42 | kr 70.70 | +40% |
| Umm Al Qura for Development and Construction Company 4325 | 16.39 SAR | 11.62 SAR | -29% |
| Hainan Airport Infrastructure Co 600515 | ¥2.89 | ¥0.3300 | -89% |
| Shenzhen Special Economic Zone Real Estate & Properties (Group) Co 000029 | ¥19.95 | ¥4.60 | -77% |
| Parque Arauco S.A PARAUCO | 3,940 CLP | 2,777 CLP | -30% |
| Corporación Inmobiliaria Vesta, S.A. VESTA | 59.57 MXN | 53.94 MXN | -9% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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