Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
NP3 Fastigheter AB is a publicly listed real estate company specializing in owning, managing, and developing high-yielding commercial investment properties, primarily in northern Sweden. Its portfolio, as of September 30, 2025, encompasses 2,281,000 square meters of lettable area across 605 properties valued at SEK 24.9 billion, with industrial properties forming the largest share of rental income. The assets span diverse sectors including industrial, logistics, retail, office spaces, hotels, community facilities like schools, playgrounds, and sports venues, distributed across key business areas such as Sundsvall, Dalarna, Östersund, Gävle, Umeå, Luleå, Skellefteå, and Middle Sweden. Headquartered in Sundsvall with a local presence emphasizing tenant relationships, stable cash flows, and sound business practices, NP3 Fastigheter AB employs 71 staff and prioritizes acquiring properties that attract strong, reliable tenants. Led by CEO Andreas Wahlén since its founding in 2010, the company operates in the real estate activities sector, focusing on steady growth and long-term profitability without pursuing speculative value increases.
kr 266.00
+kr 5.50 (+2.11%)
Live · 11:02 PM · Twelve Data
71.90% operating margin is above average. ROIC at 5.51%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 14.2%, still solid.
Net debt of kr 13.80B represents 13.4x FCF, leverage limits flexibility.
13.0x earnings, 17.0x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 2.33B
▲ +14.2% YoY
Net Income (TTM)
kr 1.39B
▲ +40.8% YoY
Op. Margin
71.70%
▲ +0.3pp YoY
ROIC
5.51%
▲ +0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
kr 963M
▲ +18.9% YoY
Op. Cash Flow (TTM)
kr 1.17B
Net Debt
kr 13.80B
Cash & Equiv.
kr 433M
3Y CAGR: +13.6%
3Y CAGR: +12.4%
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At a P/E of 13.0 and a price-to-free-cash-flow of 17.0, NP3 Fastigheter AB (NP3.XSTO) trades above a two-stage DCF intrinsic value of about SEK 241.81 per share, so at SEK 266.00 the stock looks overvalued (9.1% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, NP3 Fastigheter AB scores 62/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.6%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about SEK 241.81 per share for NP3.XSTO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around SEK 181.36. At today's SEK 266.00, that puts the stock about 9.1% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
NP3 Fastigheter AB scores 62 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 71.7% operating margin and a 5.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, NP3 Fastigheter AB pays a regular dividend of about SEK 6.92 per share per year (typically in quarterly installments), a yield of roughly 2.6% at the current price. That is a payout ratio of about 30.7% of earnings, so the dividend is amply covered by earnings. NP3 Fastigheter AB has grown the dividend at roughly 9.2% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For NP3.XSTO's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. NP3.XSTO currently trades above its estimated intrinsic value and scores 62/100 on quality (solid). It also yields about 2.6%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.