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Why Nivika Fastigheter stock moves

Nivika Fastigheter rose very sharply without company news.

Written after the close on ·

Why today

16,118 news analyzed today

Nivika Fastigheter rose very sharply without company news.

Over the same session OMX Stockholm 30 fell clearly, so the stock moved against the market.

Trading volume was well above its usual level, about six times a normal session.

Over the last five trading days the stock rose very sharply while the market was roughly flat, a move about five times a normal five-day stretch.

Likely drivers include the strong Q3 2026 report published the day before, which showed net operating income up 14 percent, and the peer and sector median rise of about 4.1 percent over the same window.

Today's move of +3.67% was 5.5 times a normal day's 0.7%. OMX Stockholm 30 moved −1.01% on the same day.

Nivika Fastigheter +3.67%OMX Stockholm 30 −1.01%Against the market

Earlier days →

See the chart in ChartCompass, with every move explained →

What analysts expect, and how often they have been right

Analysts’ estimates for Nivika Fastigheter.

Price targets

Latest price 38.10 SEK

Price targets
Low 46.00Average 48.00High 50.00

The average target is 48.00 SEK, +26% relative to the latest price of 38.10 SEK. The range is 46.00 SEK–50.00 SEK. A target is the analyst’s estimate of a future share price. 2 analysts gave a target.

For the current fiscal year, expected earnings per share changed from 3.25 SEK three months ago to 5.08 SEK now. 2026 estimate: 5.08 SEK. 2027 estimate: 3.01 SEK. One analyst made these estimates. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. November 6: Buy about 3.8 m SEK. September 7: Buy about 5.1 m SEK. August 11: Buy about 2.5 m SEK. July 9: Buy about 57 thousand SEK. July 9: Buy about 3.8 m SEK.

Has the share price followed the business?

Price and earnings moved in the same direction: 1 out of 1 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed +6% and earnings per share +32%.

Revenue, profit and market cap

Revenue, profit and market cap (bn SEK)0.01.53.14.620232024: 0.682024: 0.1320242024: 0.712024: 0.1920242025: 0.792025: 0.262025Now2026: 0.9020262027: 0.9420272024: 4.204.22024: 3.863.92025: 4.064.1Now: 3.373.4

RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK

Market cap is 4.3 times 2025 revenue, against 6.2 in 2024. Profit in 2025: 255 m SEK.

Assets, liabilities and market cap

Assets, liabilities and market cap (bn SEK)05101520232024: 11.742024: 6.23202420242025: 13.862025: 8.112025Now2024: 4.2042024: 3.8642025: 4.064Now: 3.373

AssetsLiabilitiesMarket capbn SEK

Assets minus liabilities leave 5.8 bn SEK for shareholders. Market cap is 0.6 times that equity.

Price and earnings moved in the same direction: 1 out of 1 years.Market cap (Now): 3.4 bn SEKRevenue 2025: 789 m SEK

What the key figures say about Nivika Fastigheter

The figures connect what Nivika Fastigheter earns with what investors pay.

The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.

Earnings per share4.44 SEK
NowEarnings per share232024: 1.45242024: 2.02242025: 2.66252026: 5.08262027: 3.01272023: 30.342024: 43.802024: 40.302025: 42.75

Profit divided by the number of shares. Each share represents this much of the earnings.

2023–2025: 1.45 SEK–2.66 SEK. Peers: Samhällsbyggnadsbolaget i Norden 0.07 SEK, Neobo Fastigheter 0.46 SEK, Fastighetsbolaget Emilshus 4.05 SEK. 2026 estimate: 5.08 SEK (5.08 SEK–5.08 SEK). 2027 estimate: 3.01 SEK (3.01 SEK–3.01 SEK).

Revenue847 m SEK
NowRevenue232024: 675,740,000.00242024: 708,000,000.00242025: 789,000,000.00252026: 899,430,820.00262027: 936,184,290.00272023: 30.342024: 43.802024: 40.302025: 42.75

What the company sold during the year.

2023–2025: 676 m SEK–789 m SEK. Peers: Samhällsbyggnadsbolaget i Norden 1.9 bn SEK, Neobo Fastigheter 936 m SEK, Fastighetsbolaget Emilshus 1.1 bn SEK. 2026 estimate: 899 m SEK (899 m SEK–899 m SEK). 2027 estimate: 936 m SEK (931 m SEK–941 m SEK).

Operating margin75.2%
NowOperating margin232024: 63.43242024: 62.71242025: 66.29252023: 30.342024: 43.802024: 40.302025: 42.75

The percentage of revenue left after the costs of running the business.

2023–2025: 62.7%–66.3%. Peers: Samhällsbyggnadsbolaget i Norden 48.9%, Neobo Fastigheter 47.2%, Fastighetsbolaget Emilshus 73.9%.

Return on equity7.1%
NowReturn on equity232024: 2.4024242025: 4.44252023: 30.342024: 43.802024: 40.302025: 42.75

Profit as a percentage of shareholders’ money in the company.

2023–2025: 2.4%–4.4%. Peers: Samhällsbyggnadsbolaget i Norden 2.7%, Neobo Fastigheter 1.0%, Fastighetsbolaget Emilshus 10.8%.

P/E8.6
NowP/E232024: 30.21242024: 19.95242025: 16.07252026: 7.50262027: 12.6627

The price investors pay for each unit of annual earnings per share. Not shown for a loss.

2023–2025: 16.1–30.2. Peers: Samhällsbyggnadsbolaget i Norden 31.5, Neobo Fastigheter 37.3, Fastighetsbolaget Emilshus 10.9. 2026 estimate: 7.5. 2027 estimate: 12.7.

Market cap per unit of revenue (P/S)3.98
NowMarket cap per unit of revenue (P/S)232024: 6.22242024: 5.46242025: 5.15252026: 3.75262027: 3.6027

What investors pay for each unit the company sells.

2023–2025: 5.15–6.22. Peers: Samhällsbyggnadsbolaget i Norden 2.30, Neobo Fastigheter 2.53, Fastighetsbolaget Emilshus 5.14. 2026 estimate: 3.75. 2027 estimate: 3.60.

Dividend per share0.68 SEK
NowDividend per share2025: 0.4825

Money paid to shareholders per share, summed by calendar year.

2025–2025: 0.48 SEK–0.48 SEK.

Dividend yield1.9%
NowDividend yield2023: 0.00232024: 0.00242024: 0.00242025: 1.1225

The ordinary yearly dividend as a percentage of the share price.

2023–2025: 0.0%–1.1%. Peers: Samhällsbyggnadsbolaget i Norden 0.0%, Neobo Fastigheter 0.0%, Fastighetsbolaget Emilshus 0.0%.

Net debt / EBITDA12.66
NowNet debt / EBITDA232024: 12.4224242025: 10.0525

Net debt divided by operating earnings before depreciation and amortisation.

2023–2025: 10.05–12.42. Peers: Samhällsbyggnadsbolaget i Norden 48.36, Neobo Fastigheter 15.31.

More key figures
Market cap / equity (P/B)0.60
NowMarket cap / equity (P/B)232024: 0.7624242025: 0.7125

Market cap divided by shareholders’ equity, what remains after liabilities.

2023–2025: 0.71–0.76. Peers: Samhällsbyggnadsbolaget i Norden 0.33, Neobo Fastigheter 0.38, Fastighetsbolaget Emilshus 1.27.

EV / EBIT16.6
2025EV / EBIT232024: 22.2224242025: 16.5925

Market cap plus net debt, divided by operating earnings. This includes debt.

2023–2025: 16.6–22.2.

Free cash flow per share5.48 SEK
NowFree cash flow per share232024: 5.11242024: 4.93242025: 5.02252023: 30.342024: 43.802024: 40.302025: 42.75

Cash left after investments, divided by the number of shares.

2023–2025: 4.93 SEK–5.11 SEK. Peers: Samhällsbyggnadsbolaget i Norden -0.63 SEK, Neobo Fastigheter 1.31 SEK, Fastighetsbolaget Emilshus 3.49 SEK.

Equity ratio41.5%
2025Equity ratio232024: 46.9724242025: 41.5225

The percentage of assets financed by shareholders’ equity.

2023–2025: 41.5%–47.0%.

The dividend explained

A dividend is money paid to shareholders. Nivika Fastigheter paid 0.68 SEK per share in the twelve months through November 6, 2026.

On the ex-dividend day, August 14, 2026, Nivika Fastigheter traded without the right to the 0.18 SEK dividend. The price went from 38.30 SEK to 38.20 SEK; including the dividend, the day's change was +0.2%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.

2025: 0.48 SEK2026 so far: 0.52 SEK

What to watch next, and why

From the ex-day, Nivika Fastigheter trades without entitlement to the next dividend.

  • The dividend explained

    From the ex-day, Nivika Fastigheter trades without entitlement to the next dividend.

  • Earnings report

    The earnings report shows how Nivika Fastigheter's revenue and profit have changed.

    Add to calendar
More about Nivika Fastigheter

Insider trades

People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.

  • Tim Floderus, board member (closely associated)Buyabout 3.8 m SEK
  • Tim Floderus, board member (closely associated)Buyabout 5.1 m SEK
  • Tim Floderus, board member (closely associated)Buyabout 2.5 m SEK
  • Olsson Performance AB, senior executiveBuyabout 57 thousand SEK
  • Tim Floderus, board member (closely associated)Buyabout 3.8 m SEK

Earnings report

Next report: · Add to calendar · Google Calendar

Report day1.1%

Normal day0.7%

On its last 16 report days Nivika Fastigheter usually moved about 1.1%. On a normal day it moves 0.7%.

+0.96% Why? +2.06% −0.75% −0.67%

10,000 SEK in Nivika Fastigheter bought on December 3, 2021 is worth 4,070 SEK today, with dividends reinvested.

The same amount in OMX Stockholm 30 with dividends would have become 16,300 SEK.

What would 10,000 SEK in Nivika Fastigheter be worth today? →

What would 10,000 SEK in Nivika Fastigheter be worth today?

4,070 SEK

with dividends reinvested, bought on December 3, 2021. The same amount in OMX Stockholm 30 with dividends would have become 16,300 SEK.

At worst it was worth 2,620 SEK (October 26, 2023).

The five biggest days of the journey

· +10.9% · the whole market rose 1.5% the same day

· −10.1% · the whole market fell 1.1% the same day

· +9.3% · the whole market rose 1.5% the same day

· −8.8% · the whole market rose 0.5% the same day

· +8.5% · the whole market fell 1.1% the same day

Earlier days

  • +8.70% market −0.11% Nivika Fastigheter rose very sharply this week while the broader market was roughly flat. Read →

    Nivika Fastigheter rose very sharply this week while the broader market was roughly flat.

    The move was very big for the company, about five times a normal five-day stretch, and similar moves have been rare over the past year.

    The rise likely followed the Q3 2026 interim report on 5 November, which showed revenue up 17 percent and profit from property management up 14 percent after adjusting for one-off costs.

    A board member, Tim Floderus, also bought shares worth about 3.8 million SEK on 6 November.

  • +0.96% market −0.32% Nivika Fastigheter rose while the market fell slightly. Read →

    Nivika Fastigheter rose while the market fell slightly.

    On Nasdaq Stockholm, Nivika Fastigheter's share price rose clearly that day, while OMX Stockholm 30 fell slightly, so it moved against the market.

    Trading volume was far above its usual level, a sign of heavy trading.

    That day's interim report for Q3 2026 came out, showing revenue up 16% and profit for the period up sharply, which likely drove the rise.

    The share price is well below its highest close of the past year but above its lowest.

  • +1.96% market +0.83% Nivika Fastigheter rose, moving more than the market, which rose clearly. Read →

    Nivika Fastigheter rose, moving more than the market, which rose clearly.

    No company news from that session explains it.

    Over the last five trading days, the shares rose sharply, a big move for the stock, while the OMX Stockholm 30 rose slightly.

    Earlier this week, Nivika bought two commercial properties for SEK 67 million and called in its 2024 bonds for early redemption.

    The next likely event to watch is the Q3 interim report on Thursday 5 November 2026.

  • +1.85% market +0.48% Nivika Fastigheter rose after it bought two properties. Read →

    Nivika Fastigheter rose after it bought two properties.

    The stock moved more than OMX Stockholm 30, which rose only slightly that session.

    On Monday, Nivika said it had acquired two commercial properties in Helsingborg and Borås for SEK 67 million.

    Over the last five trading days, the share rose clearly, also ahead of the market.

  • −1.68% market −0.29% Nivika Fastigheter fell sharply without a company-news explanation. Read →

    Nivika Fastigheter fell sharply without a company-news explanation.

    Over the same session the market fell only slightly, so the drop was company-specific.

    Over the last five trading days the stock rose slightly while OMX Stockholm 30 rose clearly, so it lagged the market.

    Earlier, Nivika called early redemption of its 2024 bonds, to be repaid on 23 November 2026, a step that does not itself explain a fall.

    Watch the interim report and webcast on 5 November 2026.

  • +0.86% market +3.01% Nivika Fastigheter rose slightly over the week's trading days, moving less than the broader market. Read →

    Nivika Fastigheter rose slightly over the week's trading days, moving less than the broader market.

    Last session it fell sharply, while OMX Stockholm 30 slipped only a little.

    The company announced early redemption of its 2024 bonds, with payment on 23 November 2026, at 100.975% of face value plus accrued interest.

    The market rose clearly over the same days, so Nivika lagged it.

  • +1.57% market +0.41% Nivika Fastigheter rose sharply. Read →

    Nivika Fastigheter rose sharply.

    The company called in its 2024 bonds early, repaying them on 23 November 2026, which likely supported sentiment.

    Over the last five trading days the stock rose sharply, in line with OMX Stockholm 30, a big move for it.

    The reason is only partly explained: the bond call is company news, but it does not clearly explain the rise.

    Next, the Q3 2026 interim report arrives on 5 November 2026.

  • +1.59% market +0.33% Nivika Fastigheter rose sharply without a company-news explanation. Read →

    Nivika Fastigheter rose sharply without a company-news explanation.

    Nivika Fastigheter rose sharply in the last session, moving well more than the market, which rose only slightly.

    No company news from that session explains the move.

    Over the last five trading days the shares rose slightly, in line with a slightly rising OMX Stockholm 30.

    Trading was well below its usual level, so the move may partly reflect thin trading.

  • −0.29% market +1.57% Nivika Fastigheter fell, an ordinary move for the stock. Read →

    Nivika Fastigheter fell, an ordinary move for the stock.

    Over the same day OMX Stockholm 30 rose clearly, so the stock moved against the market.

    No company news explains the move.

    Over the last five trading days the stock rose clearly while the market fell slightly.

    Shareholder-list updates from earlier in the period are background and do not explain the price.

  • +1.16% market +0.41% Nivika Fastigheter rose sharply, with no clear company news explaining it. Read →

    Nivika Fastigheter rose sharply, with no clear company news explaining it.

    The move was clearly stronger than OMX Stockholm 30, which rose only slightly that day.

    Over the last five trading days the share was roughly unchanged, while the market fell sharply.

    The only news found is about shareholder lists and company profiles, which does not explain a jump in price.

    Trading was well below its usual level, so the move may partly reflect a few buyers in a thin market.

  • +0.58% market −3.67% Nivika Fastigheter was roughly flat over the last five trading days, while the broader OMX Stockholm 30 index fell sharply, so the property company held up better than the market. Read →

    Nivika Fastigheter was roughly flat over the last five trading days, while the broader OMX Stockholm 30 index fell sharply, so the property company held up better than the market.

    The news in the window only covers shareholder listings and company profile data, with no clear company-specific event explaining the price.

    Trading was thin, with volume well below its usual level, so the moves had little backing.

    The share price is still well below its highest close of the past year and near its lowest, so the stock remains weak over the longer term.

  • −0.14% market +0.17% Nivika Fastigheter barely moved; no company news explains it. Read →

    Nivika Fastigheter barely moved; no company news explains it.

    Nivika Fastigheter was roughly unchanged in the last trading day, while OMX Stockholm 30 was also roughly flat.

    The move was an ordinary one for the stock, and trading was well below its usual level.

    Over the last five trading days, the share fell slightly, in line with the market.

    No company news from the last session explains the move.

  • +2.81% market −0.89% Nivika Fastigheter rose very sharply; no company news explains it. Read →

    Nivika Fastigheter rose very sharply; no company news explains it.

    Nivika Fastigheter rose very sharply in the last session, while OMX Stockholm 30 fell clearly.

    That is a very big move, about four times a normal day for this stock.

    Moves this big happened about six times in the past year.

    No company news from the last session explains the rise.

  • −2.17% market −0.89% Nivika Fastigheter fell sharply. Read →

    Nivika Fastigheter fell sharply.

    Its B shares fell sharply in the last session, clearly more than the broader OMX Stockholm 30 index, which also fell.

    The news from that session covers only a listing of a related share class and a holder list, so it does not explain the drop.

    A move like this in a property stock is often tied to the wider market mood, rising interest rates, or selling pressure in the sector.

    Over the last five trading days the shares were roughly unchanged, and the market was also roughly flat.

  • −0.72% market +1.25% Nivika Fastigheter fell clearly, while the broader market rose. Read →

    Nivika Fastigheter fell clearly, while the broader market rose.

    Real estate shares like this one are sensitive to interest rate expectations, and a rise in rates or a weaker outlook for property values often pushes the sector lower on days when the wider market is firm.

    Over the last five trading days the shares dipped slightly, while OMX Stockholm 30 edged higher, so the weakness has been company- and sector-specific rather than market-wide.

    Watch for rate signals and any company announcement in the coming sessions.

  • −0.58% market +1.19% Nivika Fastigheter fell slightly over the last five trading days, while the broader OMX Stockholm 30 index rose slightly, so the stock moved against the market. Read →

    Nivika Fastigheter fell slightly over the last five trading days, while the broader OMX Stockholm 30 index rose slightly, so the stock moved against the market.

    The only item in the news is a valuation metric (a Shiller PE ratio, which compares price with long-run average earnings) from before this window, so it does not explain the move.

    Real estate stocks like Nivika are usually driven by interest rate expectations, since higher rates raise financing costs and lower property values, and a slight market-wide rise combined with a small decline here suggests rate-sensitive selling rather than company-specific news.

    The next thing to watch is any company announcement or change in Swedish interest rate expectations.

  • −0.43% market −0.62% Nivika Fastigheter eased slightly, in line with a broadly soft market. Read →

    Nivika Fastigheter eased slightly, in line with a broadly soft market.

    Over the last five trading days the stock fell slightly while OMX Stockholm 30 rose clearly, so it lagged the market.

    The only news from the window is routine governance: the nomination committee for the 2027 annual meeting was appointed, and a Shiller PE ratio, a valuation measure comparing price to long-run average earnings, was published.

    Neither item is a likely driver of a move on the day, so the small decline most likely reflects general market and sector trading, where real estate stocks tend to track interest rate expectations.

  • +1.77% market +0.21% Nivika Fastigheter rose sharply. Read →

    Nivika Fastigheter rose sharply.

    The only company items were routine governance news — the appointment of the nomination committee, the group that proposes board members ahead of the 2027 annual meeting — which likely did not drive the move, so the drop was probably tied to property-sector sentiment and interest-rate expectations, since real estate companies are sensitive to borrowing costs.

    The sharp rebound in the last session likely reflected a bounce after that steep fall, partly helped by steadier rate expectations.

    Watch for any upcoming quarterly report and further signals on Swedish property financing conditions.

  • −2.45% market +0.36% Nivika Fastigheter fell sharply as rate worries weighed on property. Read →

    Nivika Fastigheter fell sharply as rate worries weighed on property.

    Over the last five trading days Nivika Fastigheter fell very sharply while the Stockholm market was roughly flat, so the property company moved against the market.

    The only fresh company items were routine governance news — the naming of the nomination committee, the group that lines up board candidates ahead of next year's annual meeting — which would not move the shares; the drop likely reflects the interest-rate sensitivity of real estate, since property owners carry heavy debt and their shares fall when rates or bond yields rise.

    Watch the next quarterly report and any shift in rates or bond yields, which usually drive this sector.

Learn more · Why does a stock fall on the ex-dividend date? · Why do stocks go up and down?

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