Nyfosa AB (NYF) AI Stock Analysis

• Market Cap: kr15.00B
• Dividend Yield: 1.94%
• Average Volume (3M): 184.95K
• Price to Earnings (P/E): 26.0
• Beta (1Y): 0.45
• Revenue Growth: 0.03%
• EPS Growth: N/A
• Country: SE
• Employees: 112
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 1.87
• Shares Outstanding: 208,102,600
• 10 Day Avg. Volume: 177,476
• 30 Day Avg. Volume: 184,947
• PEG Ratio: -1.65
• Price to Book (P/B): 1.17
• Price to Sales (P/S): 5.94
• P/FCF Ratio: 15.71
• 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: kr102.31
• Price Target Upside: 42.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: kr80.00 ▲(11.03% Upside)

Nyfosa AB's overall stock score reflects a solid financial foundation with strong cash flow management but is tempered by high leverage and declining revenue. The technical analysis indicates a bearish trend, and the valuation suggests potential overvaluation. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Operational Efficiency

Strong EBIT and EBITDA margins indicate Nyfosa's ability to manage operations efficiently, which can support profitability even amid revenue challenges.

Stable Equity Position

A moderate debt-to-equity ratio suggests manageable leverage, providing Nyfosa with financial stability and flexibility to navigate market fluctuations.

Cash Generation Efficiency

Efficient cash generation relative to net income reflects Nyfosa's ability to convert earnings into cash, which is crucial for reinvestment and debt servicing.

Negative Factors

Declining Revenue

A significant decline in revenue growth poses a challenge to Nyfosa's market position and long-term profitability, potentially impacting future cash flows.

Low Return on Equity

Low return on equity indicates limited profitability from shareholder investments, which may deter potential investors and affect capital raising.

Declining Cash Flow Growth

A decline in cash flow growth can strain Nyfosa's ability to fund operations and investments, potentially hindering strategic initiatives and growth.

Nyfosa AB Business Overview & Revenue Model

Company Description

Nyfosa AB (publ), a transaction-intensive real estate company, acquires, manages, improves, and sells properties in Sweden and Finland. Its property portfolio includes offices, logistics, and warehouse properties, as well as retail properties. As of December 31, 2021, the company had a portfolio of 447 properties with a leasable area of 2,780,000 square meters. Nyfosa AB (publ) was founded in 2009 and is based in Nacka, Sweden.

How the Company Makes Money

Nyfosa generates revenue primarily through rental income from its portfolio of commercial properties. The company leases space to a variety of tenants, including businesses in the office, retail, and logistics sectors, which provides a steady cash flow. Additionally, Nyfosa engages in property sales, capitalizing on value appreciation and strategic disposals to realize gains. The company may also pursue development projects that can enhance property value over time, contributing to revenue through both increased rental income and sales. Partnerships with local real estate firms and investment groups can further bolster its market presence and access to new opportunities, thereby supporting its revenue growth.

Nyfosa AB Financial Statement Overview

Summary

Nyfosa AB faces challenges with declining revenue and cash flow growth, impacting its overall financial health. While operational efficiency is evident through strong EBIT and EBITDA margins, profitability and growth remain areas of concern. The balance sheet shows moderate leverage, but low return on equity suggests limited returns for shareholders.

Income Statement

Nyfosa AB's income statement shows a declining revenue trend with a negative growth rate of -65.4% in the TTM period. The gross profit margin remains strong at approximately 70%, but the net profit margin is low at 5.16%, indicating challenges in converting revenue into profit. EBIT and EBITDA margins are robust, suggesting operational efficiency, but the overall revenue decline is a concern.

Balance Sheet

The balance sheet reflects a stable equity position with a debt-to-equity ratio of 1.21, which is moderate for the real estate industry. Return on equity is low at 1.03%, indicating limited profitability from shareholder investments. The equity ratio is not explicitly calculated, but the company's leverage appears manageable.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by -6.71% in the TTM period. The operating cash flow to net income ratio is 0.45, indicating a moderate conversion of income to cash. The free cash flow to net income ratio is nearly 1, suggesting efficient cash generation relative to net income, but the declining growth rate is a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.62B	3.67B	3.56B	3.15B	2.46B	2.04B
Gross Profit	2.53B	2.54B	2.44B	2.09B	1.65B	1.42B
EBITDA	2.35B	2.37B	2.27B	1.95B	4.01B	2.72B
Net Income	597.00M	114.00M	-639.00M	1.69B	3.11B	2.23B
Balance Sheet
Total Assets	43.05B	43.33B	43.68B	45.34B	40.63B	31.91B
Cash, Cash Equivalents and Short-Term Investments	110.00M	451.00M	435.00M	691.00M	534.00M	312.00M
Total Debt	21.72B	21.91B	23.85B	24.52B	21.27B	17.21B
Total Liabilities	25.04B	24.71B	26.75B	26.92B	23.36B	18.57B
Stockholders Equity	18.02B	18.58B	16.13B	18.38B	17.24B	13.33B
Cash Flow
Free Cash Flow	1.79B	1.39B	1.54B	5.00B	7.41B	1.23B
Operating Cash Flow	1.79B	1.39B	1.54B	1.64B	1.39B	1.23B
Investing Cash Flow	-358.00M	-602.00M	-284.00M	-3.39B	-6.05B	-8.61B
Financing Cash Flow	-2.11B	-779.00M	-1.51B	1.89B	4.88B	7.10B

Nyfosa AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 72.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NYF, the sentiment is Negative. The current price of 72.05 is below the 20-day moving average (MA) of 74.10, below the 50-day MA of 78.38, and below the 200-day MA of 83.50, indicating a bearish trend. The MACD of -1.65 indicates Negative momentum. The RSI at 32.95 is Neutral, neither overbought nor oversold. The STOCH value of 24.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:NYF.

Nyfosa AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WIHL	78 Outperform	kr27.30B	12.24	9.74%	3.60%	5.18%	349.60%
PLAZ.B	75 Outperform	kr8.67B	12.30	5.26%	2.94%	8.42%	―
NP3	73 Outperform	kr15.46B	14.22	12.28%	1.74%	14.33%	204.60%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
CIBUS	64 Neutral	kr11.85B	14.66	8.13%	6.93%	20.75%	―
NYF	57 Neutral	kr15.00B	26.05	3.19%	1.94%	0.03%	―
FABG	54 Neutral	kr25.54B	89.31	0.76%	2.40%	-3.46%	―

Nyfosa AB Corporate Events

Nyfosa AB Expands Share Capital Through Incentive Program

Nyfosa AB has increased its number of shares and votes following the exercise of warrants under its LTIP 2022 incentive program, resulting in a total of 208,106,276 shares and votes as of November 2025. This development reflects Nyfosa’s ongoing strategic initiatives to enhance shareholder value and strengthen its market position in the property sector.

Nyfosa Expands in Finland and Optimizes Swedish Portfolio

Nyfosa AB has announced the acquisition of a big-box property in Kuopio, Finland, for MSEK 150, and the divestment of a property in Västerås, Sweden, for MSEK 297. The acquisition in Kuopio is expected to enhance the company’s portfolio yield and lease term, while the divestment in Västerås, which sold above book value, will positively impact earnings by MSEK 26 in the fourth quarter of 2025. These transactions are part of Nyfosa’s strategy to optimize its property portfolio and free up capacity for future opportunities.

Nyfosa AB Reports Stable Growth and Strategic Developments in 2025

Nyfosa AB reported stable financial performance for the first nine months of 2025, with an 11% increase in profit from property management per share and improved cash flow due to lower financial expenses. The company saw a slight increase in its economic occupancy rate to 90% in the third quarter, despite challenges in the leasing market. Nyfosa continued to enhance its property management and transaction capabilities, issuing green bonds and redeeming existing bonds to reduce financing costs. The company also made significant acquisitions and divestments, strengthening its market position and preparing for future growth.

Nyfosa Announces Early Redemption of Bonds to Enhance Financial Flexibility

Nyfosa AB announced the early redemption of its outstanding senior unsecured bonds and hybrid bonds, which will be fully redeemed in October and November 2025, respectively. This strategic financial move involves delisting the bonds from Nasdaq Stockholm and reflects Nyfosa’s proactive management of its financial obligations, potentially enhancing its financial flexibility and market positioning.

Nyfosa Announces Nomination Committee for 2026 AGM

Nyfosa has convened a nomination committee for its 2026 annual general meeting, following the resolution from the 2025 meeting. The committee, chaired by Johannes Wingborg, includes representatives from AB Sagax, Länsförsäkringar Fondförvaltning AB, Swedbank Robur Fonder, and Lannebo Kapitalförvaltning. Shareholders can submit proposals to the committee until January 31, 2026, ahead of the meeting scheduled for May 5, 2026, in Stockholm.