Novavest Real Estate AG (NREN) AI Stock Analysis

• Market Cap: CHF438.37M
• Dividend Yield: 3.52%
• Average Volume (3M): 3.73K
• Price to Earnings (P/E): 13.3
• Beta (1Y): -0.11
• Revenue Growth: 45.30%
• EPS Growth: 823.48%
• Country: CH
• Employees: 2
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): 1.43
• Shares Outstanding: 10,170,915
• 10 Day Avg. Volume: 2,253
• 30 Day Avg. Volume: 3,733
• PEG Ratio: 0.32
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 9.47
• P/FCF Ratio: 27.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 2.23
• Revenue Forecast (FY): CHF40.97M

• Rating: 68 Neutral
• Price Target: CHF42.00 ▲(5.26% Upside)
• Action: Reiterated Date: 10/25/25
• Date: Action: Reiterated 10/25/25

Novavest Real Estate AG's overall stock score is driven by strong financial performance, particularly in profitability and revenue growth, despite concerns over increased leverage. The stock's valuation is attractive with a reasonable P/E ratio and a solid dividend yield. Technical analysis suggests a neutral market position, with no significant momentum. The absence of earnings call and corporate events data does not impact the score.

Positive Factors

Recurring rental income business model

A business model centered on recurring rental income provides stable, long-duration cash flows that support operating coverage, recurring distributions and reinvestment into assets. For a Swiss-focused owner, predictable lease cashflows help underwrite refinancing and long-term asset management strategies.

Strong recent profitability rebound

A material rebound in profitability and improved margins strengthens internal capital generation and supports return-on-equity recovery. Sustained higher margins increase capacity to fund refurbishments, pay dividends, and absorb cyclical valuation swings versus peers dependent solely on capex funding.

Solid operating and free cash flow in 2025

Robust operating and free cash flow in the latest year improves financial flexibility to service debt, fund value-enhancing projects, and maintain distributions. Reliable FCF underpins long-term asset stewardship and reduces reliance on external financing for portfolio improvements.

Negative Factors

Elevated leverage (debt > equity)

Debt above equity increases sensitivity to interest-rate moves, refinancing cycles and property-value shocks. Persistent elevated leverage constrains strategic flexibility, raises refinancing risk on maturities, and can amplify equity volatility during market stress, limiting capital allocation choices.

Volatile top-line and earnings drivers

Revenue and earnings variability tied to valuation gains or one-time items undermines predictability of recurring cash flow. That makes forecasting rental income and dividends harder, and increases reliance on timing of disposals or revaluations to meet return targets over multi-quarter horizons.

Inconsistent cash conversion versus reported earnings

When reported profits do not consistently translate to cash, it weakens reliability of earnings for debt servicing and distributions. Inconsistent conversion complicates stress-testing balance-sheet resilience and can force asset sales or new financing in down cycles, raising structural liquidity risk.

Novavest Real Estate AG Business Overview & Revenue Model

Company Description

Novavest Real Estate AG engages in the real estate activities in Switzerland. It develops, rents, and manages residential properties, office and commercial properties, shopping centers, cinemas, hotels, and industrial plants. The company is based in Zurich, Switzerland.

How the Company Makes Money

Novavest Real Estate AG generates revenue through several key streams. The primary source of income comes from rental income generated by its portfolio of residential and commercial properties. Additionally, the company earns revenue through property sales, particularly when it successfully develops or rehabilitates properties to increase their market value. Asset management fees are another significant revenue stream, as NREN manages properties on behalf of investors and charges fees for management services. The company may also engage in joint ventures or partnerships with other real estate firms or investors, which can provide additional financial incentives and shared revenues. Overall, NREN's earnings are bolstered by its strategic property acquisitions and effective management strategies, allowing it to capitalize on the growing demand for real estate in Switzerland.

Novavest Real Estate AG Financial Statement Overview

Summary

Novavest Real Estate AG's financial performance in 2024 shows robust recovery in profitability and revenue growth, despite past volatility. The balance sheet reflects increased leverage, which could introduce risk if not managed effectively. Cash flows are stable but show limited growth potential. Overall, the company exhibits a strong operational recovery with caution required regarding financial leverage.

Income Statement

Novavest Real Estate AG has shown a strong revenue growth rate of 20.88% from 2023 to 2024, indicating positive business momentum. The Gross Profit Margin improved to 84.12%, and the company achieved a significant turnaround in net profitability with a Net Profit Margin of 52.95% in 2024. These metrics suggest efficient cost management and robust revenue conversion to profit. However, the company experienced a net loss in 2023, highlighting potential volatility in earnings.

Balance Sheet

The company's Debt-to-Equity Ratio increased to 1.32 in 2024, suggesting higher financial leverage which could pose risks if not managed properly. The Return on Equity improved to 4.51% in 2024, indicating better utilization of shareholder funds compared to 2023. Equity Ratio decreased to 40.2%, which, while indicative of moderate leverage, suggests some reduction in financial stability.

Cash Flow

Novavest demonstrated a stable Free Cash Flow in 2024, showing no change from its operating cash flow. The Operating Cash Flow to Net Income Ratio is 0.76, reflecting good cash generation ability relative to its net income. However, the absence of Free Cash Flow growth suggests limited expansion of cash reserves.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	42.86M	36.87M	29.86M	29.16M	26.73M
Gross Profit	35.87M	30.37M	24.67M	24.29M	22.21M
EBITDA	41.79M	38.98M	27.40M	28.26M	26.77M
Net Income	30.54M	19.11M	-3.97M	22.40M	29.31M
Balance Sheet
Total Assets	1.02B	1.05B	793.70M	823.24M	751.15M
Cash, Cash Equivalents and Short-Term Investments	4.20M	3.33M	2.56M	4.32M	3.04M
Total Debt	516.79M	559.13M	427.16M	439.77M	380.18M
Total Liabilities	580.90M	629.50M	461.84M	477.76M	415.35M
Stockholders Equity	439.54M	423.24M	331.87M	345.48M	335.80M
Cash Flow
Free Cash Flow	14.65M	14.61M	13.81M	7.86M	11.36M
Operating Cash Flow	20.70M	14.61M	13.81M	15.95M	15.73M
Investing Cash Flow	36.75M	-11.81M	6.67M	-61.16M	-70.65M
Financing Cash Flow	-56.58M	-2.04M	-22.24M	46.49M	42.91M

Novavest Real Estate AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 39.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:NREN, the sentiment is Positive. The current price of 39.9 is below the 20-day moving average (MA) of 41.82, below the 50-day MA of 40.68, and above the 200-day MA of 39.29, indicating a bullish trend. The MACD of 0.75 indicates Negative momentum. The RSI at 81.46 is Negative, neither overbought nor oversold. The STOCH value of 74.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:NREN.

Novavest Real Estate AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SFPN	71 Outperform	CHF358.66M	3.99	―	3.65%	15.04%	325.05%
ALLN	71 Outperform	CHF3.84B	15.36	9.87%	3.45%	6.79%	196.21%
PLAN	70 Outperform	CHF941.85M	16.23	7.56%	2.16%	27.85%	89.97%
NREN	68 Neutral	CHF438.37M	13.29	―	3.52%	45.30%	823.48%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
PSPN	63 Neutral	CHF7.53B	16.11	―	2.74%	-1.14%	46.84%

Novavest Real Estate AG Corporate Events

Novavest Real Estate Calls Ordinary General Meeting for March 2026

Novavest Real Estate AG has invited its shareholders to the ordinary General Meeting scheduled for 26 March 2026, with the formal invitation documents made available to investors. The announcement underscores the company’s adherence to corporate governance and shareholder engagement, offering stakeholders an opportunity to review and influence strategic and operational decisions as the Swiss property specialist continues to manage and develop its nationwide portfolio.

The most recent analyst rating on (CH:NREN) stock is a Buy with a CHF43.00 price target. To see the full list of analyst forecasts on Novavest Real Estate AG stock, see the CH:NREN Stock Forecast page.

Novavest boosts 2025 profit, trims leverage and lifts payout as Swiss portfolio strengthens

Novavest Real Estate AG reported a very strong 2025 financial year, with profit including revaluation gains jumping 49% to CHF 30.5 million and profit excluding revaluations up 20% to CHF 24.5 million, while Net Asset Value per share rose to CHF 43.22. The company further strengthened its balance sheet and portfolio quality by lowering its vacancy rate to 2.0%, reducing its loan-to-value ratio to 51.2% through selective disposals, keeping rental income broadly stable, and proposing a higher cash distribution, moves that support its positioning as a lower-leveraged, sustainably managed residential-focused landlord and benefit shareholders through improved income and asset backing.

Novavest streamlined its CHF 1.0 billion portfolio by selling six smaller properties whose value-add potential was deemed largely exhausted, realising a small gain while reinvesting in existing assets and development projects. Operationally, strong reletting and rent increases helped maintain a 3.6% net yield despite disposals, while reduced financing costs, disciplined expenses, and ongoing sustainability initiatives supported higher earnings and an improved equity ratio of 43.1%, underlining the company’s more resilient capital structure and long-term orientation.

The most recent analyst rating on (CH:NREN) stock is a Buy with a CHF43.00 price target. To see the full list of analyst forecasts on Novavest Real Estate AG stock, see the CH:NREN Stock Forecast page.

Novavest Real Estate Sets Date for 2025 Results Presentation in Zurich

Novavest Real Estate AG has invited investors, analysts and media representatives to a conference in Zurich on 19 February 2026, where CEO Peter Mettler and CFO Fabio Gmür will present the company’s financial results for the 2025 financial year. The company will publish its 2025 annual report and accompanying presentation materials on its website ahead of the event, enabling market participants to review detailed financial information and portfolio developments, underscoring Novavest’s efforts to maintain transparency and engagement with capital market stakeholders.

The most recent analyst rating on (CH:NREN) stock is a Buy with a CHF43.00 price target. To see the full list of analyst forecasts on Novavest Real Estate AG stock, see the CH:NREN Stock Forecast page.