Want to see SE:NP3 full AI Analyst Report?
Top Page
NP3 Fastigheter AB
(NP3)
Select Model
Select Model
Rating:65Neutral
Price Target:
kr236.00
▼(-7.99% Downside)
Action:Reiterated
Date:10/12/26
The score is supported mainly by attractive valuation (low P/E with a dividend) and a solid TTM profitability/cash-flow rebound. Offsetting these positives are elevated balance-sheet leverage and a clearly bearish technical setup (below key moving averages with negative MACD), which increases near-term risk despite oversold readings.
Positive Factors
Revenue Growth
Revenue growth indicates that NP3 is expanding its rental and property-related income base. If sustained, stronger top-line performance can support higher operating income, improve the economics of property management, and provide resources for continued investment in its commercial portfolio.
Negative Factors
Elevated Leverage
NP3’s elevated leverage increases sensitivity to refinancing conditions, interest costs, and changes in property valuations. Debt reliance can restrict financial flexibility and make it harder to fund acquisitions or developments internally during a weaker real estate cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue growth indicates that NP3 is expanding its rental and property-related income base. If sustained, stronger top-line performance can support higher operating income, improve the economics of property management, and provide resources for continued investment in its commercial portfolio.
Read all positive factors
NP3 Fastigheter AB (NP3) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr13.44B
Dividend Yield2.63%
Average Volume (3M)43.63K
Price to Earnings (P/E)9.2
Beta (1Y)0.71
Revenue Growth12.12%
EPS Growth62.58%
CountrySE
Employees78
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)23.91
Shares Outstanding61,634,605
10 Day Avg. Volume27,822
30 Day Avg. Volume43,630
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)1.49
Price to Sales (P/S)7.01
P/FCF Ratio15.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr200.00Price Target Upside-22.03% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)16.32
Revenue Forecast (FY)kr2.50B
NP3 Fastigheter AB Business Overview & Revenue Model
Company Description
NP3 Fastigheter AB (publ) functions as a property company, specializing in the provision of commercial real estate for lease. Its diverse portfolio encompasses a wide array of asset types, including commercial, industrial, logistics, and office bu...
How the Company Makes Money
NP3 primarily makes money by owning commercial properties and leasing space to tenants under rental agreements. Its core revenue stream is rental income (base rent) from let premises; this is often complemented by contractually agreed indexation a...
NP3 Fastigheter AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
56
Neutral
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.39B | 2.27B | 1.99B | 1.80B | 1.55B | 1.24B |
| Gross Profit | 1.81B | 1.73B | 1.51B | 1.35B | 1.15B | 913.00M |
| EBITDA | 2.08B | 2.21B | 1.43B | 707.00M | 1.94B | 2.71B |
| Net Income | 1.53B | 1.27B | 914.00M | -62.00M | 1.22B | 2.02B |
Balance Sheet | ||||||
| Total Assets | 30.35B | 27.54B | 24.60B | 21.89B | 21.85B | 18.72B |
| Cash, Cash Equivalents and Short-Term Investments | 284.00M | 433.00M | 245.00M | 696.00M | 213.00M | 272.00M |
| Total Debt | 16.01B | 14.23B | 12.73B | 12.09B | 12.35B | 10.47B |
| Total Liabilities | 19.03B | 16.83B | 15.04B | 14.04B | 14.19B | 11.97B |
| Stockholders Equity | 11.27B | 10.67B | 9.44B | 7.82B | 7.62B | 6.70B |
Cash Flow | ||||||
| Free Cash Flow | 808.00M | 1.03B | 864.00M | 563.00M | 723.00M | 571.00M |
| Operating Cash Flow | 1.02B | 1.03B | 864.00M | 563.00M | 723.00M | 571.00M |
| Investing Cash Flow | -3.53B | -2.21B | -2.50B | -632.00M | -2.35B | -3.24B |
| Financing Cash Flow | 2.60B | 1.38B | 1.55B | 48.00M | 1.56B | 2.83B |
NP3 Fastigheter AB Technical Analysis
Negative
256.50
Price Trends
245.25
Negative
256.36
Negative
256.58
Negative
Market Momentum
-8.28
Positive
28.06
Positive
15.23
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NP3, the sentiment is Negative. The current price of 256.5 is above the 20-day moving average (MA) of 229.08, above the 50-day MA of 245.25, and below the 200-day MA of 256.58, indicating a bearish trend. The MACD of -8.28 indicates Positive momentum. The RSI at 28.06 is Positive, neither overbought nor oversold. The STOCH value of 15.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:NP3.
NP3 Fastigheter AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | kr21.86B | 11.73 | ― | 2.79% | 16.75% | 48.09% | |
65 Neutral | kr13.44B | 9.22 | 14.15% | 2.63% | 12.12% | 62.58% | |
64 Neutral | kr20.51B | 9.49 | 9.03% | 4.90% | 6.89% | 15.60% | |
56 Neutral | kr2.53B | 14.80 | 2.48% | ― | 57.31% | 302.59% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | kr18.77B | 46.28 | 1.15% | 3.39% | 12.54% | 114.41% |
* General Sector Average
SE:NP3
NP3 Fastigheter AB
220.50
-34.34
-13.47%
SE:FABG
Fabege AB
63.40
-15.74
-19.89%
SE:WIHL
Wihlborgs Fastigheter AB
67.40
-26.12
-27.93%
SE:BRIN.B
Brinova Fastigheter AB Class B
11.20
-4.20
-27.27%
SE:CATE
Catena AB
331.00
-128.17
-27.91%
NP3 Fastigheter AB Corporate Events
NP3 Fastigheter Forms Nomination Committee Ahead of 2027 AGM
Sep 14, 2026
NP3 Fastigheter, founded in 2010 and based in Sundsvall, has built a sizeable commercial real estate portfolio concentrated in northern Sweden, emphasising industrial, logistics, retail and office assets that generate stable cash flow. The company...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.