Nyfosa AB (publ) (NYF) fair value: what the stock is really worth
As of Jul 10, 2026: fair value of Nyfosa AB (publ) SEK 136, price SEK 73.75, upside +85.0%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Nyfosa AB (publ), a transaction-intensive real estate company, invests, manages, develops, and sells properties in Sweden, Norway, and Finland. The company's property portfolio includes offices, warehouses, logistics, industry and retail properties. Nyfosa AB (publ) was founded in 2009 and is based in Nacka, Sweden.
Stock analysis
Nyfosa AB (publ) (NYF) currently trades at kr 73.75, while our model-based Fair Value estimate is kr 136.40, implying the stock looks roughly 45.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 145.16 per share, and 9 of the 14 models we run sit above the kr 73.75 price.
Bear case: the Multiples group reads lowest at kr 47.96, and 5 of the 14 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 43.53 (bear) to kr 277.74 (bull), the price of kr 73.75 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 46/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Nyfosa AB (publ) reported revenue of 3.6B SEK in FY2025 versus 2.5B SEK in FY2021, a compound +10.0%/yr. Reported net income was 542M SEK in FY2025, compounding −35.4%/yr from FY2021.
Key figures
Market cap 15.3B SEK (≈ $1.5B) · P/E ratio 21.9 · P/S ratio 3.29 · EPS (TTM) kr 3.37 · Net margin 15.0% · Return on equity 3.0% · Return on assets (EBIT) 6.1% · Operating margin 64.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 20% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at 85%, NYF screens cheaper than that median.
Fair Value models
Bear kr 43.53Fair Value kr 136.40Bull kr 277.74
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 2.55 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.Evidence ⓘEvidence = 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−1.8%
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.
+4.6%
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.
+12.1%
Start year 2020 (pandemic). Over 10 years: +15.1% a year
Revenue growth 10 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.
+15.1%
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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. Basis: EBIT basis.
−5.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−26.6% vs −8.3%, slowing
Profit margin 2019 to 2024 ⓘ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.128% → 65%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+23.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +21.2% a year for the price and −0.8% for the forecasts.
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 · 530 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+84.9% · Above median
Profitability
Return on equity (TTM)3.0% · Below median
Return on assets3.4% · Top 25%
Net margin (TTM)15.1% · Above median
Operating margin (TTM)64.8% · Top 25%
Growth and dividend
Revenue growth−2.3% · Below median
Dividend yield (TTM)3.0% · Below median
Balance sheet
Debt / equity1.00× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Nyfosa AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/NYF
Frequently asked questions
Is Nyfosa AB (publ) (NYF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 136.40 versus the last price from Jul 10, 2026 of kr 73.75, about +85% upside (undervalued).
What is the fair value of NYF?
Our model-based fair value for Nyfosa AB (publ) is kr 136.40 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Jul 10, 2026): kr 73.75.
What is the quality score of NYF?
Nyfosa AB (publ) has a Quality Score of 46/100. 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 Nyfosa AB (publ) (NYF)?
Our model-based price target is the fair value of kr 136.40 (as of Sep 24, 2026) from 14 valuation models. Cautious scenario kr 43.53, optimistic scenario kr 277.74. It is a calculation from audited fundamentals, not an analyst target.
What is the Nyfosa AB (publ) stock forecast for 2026?
Our models put fair value at kr 136.40, about +85% upside versus the last price from Jul 10, 2026 of kr 73.75 (undervalued). Cautious scenario kr 43.53, optimistic scenario kr 277.74. The calculation is refreshed regularly with new filings.
What is the revenue of Nyfosa AB (publ) (NYF)?
Nyfosa AB (publ) reported trailing-twelve-month revenue of about 3.6B SEK (latest available figure, as of Sep 24, 2026).
What growth is priced into Nyfosa AB (publ) (NYF)?
For today's price to be fair in a discounted-cash-flow model, Nyfosa AB (publ) would have to grow free cash flow by +23.6 % per year for five years (discount rate 13.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of NYF use?
Our models discount Nyfosa AB (publ) at 13.2 %: a base by market capitalisation (small), damped by beta 1.78, 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 Nyfosa AB (publ) that is +23.6 % per year a year over ten years, using the same discount rate (13.2 %) and the same formula as our fair value.
How much growth has Nyfosa AB (publ) (NYF) delivered so far?
Over the past 5 years revenue at Nyfosa AB (publ) grew +12.1 % a year. The price currently implies +23.6 % 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 Nyfosa AB (publ) (NYF) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Nyfosa AB (publ) (+23.6 % 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 Nyfosa AB (publ) (NYF)?
The free-cash-flow yield on the price is 8.75 %: that much free cash flow Nyfosa AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (13.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nyfosa AB (publ) (NYF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nyfosa AB (publ) it is kr 136.40 per share (as of Sep 24, 2026), against a price of kr 73.75. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Nyfosa AB (publ) stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NYF trades below its calculated fair value: price kr 73.75, fair value kr 136.40, a gap of about +85% (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 NYF?
No. The price is what the market pays today (kr 73.75); the fair value is what the company's own numbers justify (kr 136.40). For Nyfosa AB (publ) the two are kr 62.65 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nyfosa AB (publ) worth?
The market values Nyfosa AB (publ) at about 15.3B SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 73.75; our models calculate a fair value of kr 136.40 per share.
What do the bullish and bearish scenarios say about NYF?
Our models span a range for Nyfosa AB (publ): cautious scenario kr 43.53, base kr 136.40, optimistic kr 277.74 per share (as of Sep 24, 2026, price kr 73.75). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NYF?
Nyfosa AB (publ) trades at a price-to-earnings ratio of 21.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 136.40 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 15.4 (reported for FY2025: 28.3). Other multiples: P/B 0.9, P/S 4.3, EV/EBITDA 14.2.
How solid is the balance sheet of Nyfosa AB (publ) (NYF)?
Balance-sheet figures for Nyfosa AB (publ) (as of Sep 24, 2026): return on equity 3.0%, debt of 1.00 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is NYF from its 52-week high?
Nyfosa AB (publ) trades at kr 73.75, about 15% below its 52-week high of kr 86.91 and 20% above the low of kr 61.21 (as of Jul 10, 2026). Distance from the high says nothing about value: that is what the fair value of kr 136.40 is for.
Which stocks are comparable to Nyfosa AB (publ)?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, KE Holdings, Swire Properties Limited, 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 Nyfosa AB (publ) stock attractive at the current price?
The data as of Sep 24, 2026: price kr 73.75, calculated fair value kr 136.40 (+85%), Quality Score 46/100, 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 NYF calculated?
We run Nyfosa AB (publ) 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 136.40, 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 14.5 % above its aggregate fair value. Nyfosa AB (publ) currently trades 46 % 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 Nyfosa AB (publ) (NYF)?
The latest price we hold is from Jul 10, 2026 and stands at kr 73.75. Our model-based fair value is kr 136.40, about +85% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nyfosa AB (publ) right now?
The model range is unusually wide (kr 43.53 to kr 277.74). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (46/100) 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.
Where does the earnings growth of Nyfosa AB (publ) (NYF) come from?
Earnings per share at Nyfosa AB (publ) grew −14.0 % a year from 2015 to 2025. Broken into its drivers: revenue per share +14.8 %, EBIT margin −8.3 %, tax rate −4.4 %, residual (interest, one-offs) −14.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Nyfosa AB (publ)
How large is the market capitalisation of Nyfosa AB (publ) (NYF)?
The market capitalisation of Nyfosa AB (publ) is 15.3B SEK (≈ $1.5B). 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 Nyfosa AB (publ) (NYF)?
The price-to-sales ratio of Nyfosa AB (publ) is 3.29 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nyfosa AB (publ) (NYF)?
Earnings per share at Nyfosa AB (publ) are kr 3.37 (price ÷ EPS = P/E 21.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nyfosa AB (publ) (NYF)?
The net margin of Nyfosa AB (publ) is 15.0% (fiscal year 2025). 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 Nyfosa AB (publ) (NYF)?
The return on equity (ROE) of Nyfosa AB (publ) is 3.0% (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 Nyfosa AB (publ) (NYF)?
On an EBIT basis the return on assets of Nyfosa AB (publ) is 6.1% (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 Nyfosa AB (publ) (NYF)?
The operating margin of Nyfosa AB (publ) is 64.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nyfosa AB (publ) (NYF)?
Revenue at Nyfosa AB (publ) is growing −2.3% versus a year earlier (3y avg +4.6%). 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 Nyfosa AB (publ) (NYF)?
Earnings per share at Nyfosa AB (publ) are growing −22.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nyfosa AB (publ) (NYF) carry?
The net debt of Nyfosa AB (publ) is 21.5B SEK (fiscal year 2025, ≈ 16.0 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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