Netel Holding AB (NETEL) AI Stock Analysis

• Market Cap: kr229.22M
• Dividend Yield: N/A
• Average Volume (3M): 302.61K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.80
• Revenue Growth: -13.07%
• EPS Growth: -372.35%
• Country: SE
• Employees: 837
• Sector: Technology
• Sector Strength: 88
• Industry: Telecommunications Services
• EPS (TTM): -1.40
• Shares Outstanding: 48,511,870
• 10 Day Avg. Volume: 285,731
• 30 Day Avg. Volume: 302,611
• PEG Ratio: 0.07
• Price to Book (P/B): 0.59
• Price to Sales (P/S): 0.20
• P/FCF Ratio: 10.92
• 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: kr16.00
• Price Target Upside: 223.89% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: kr5.00 ▲(1.21% Upside)

Netel Holding AB's overall stock score reflects significant financial challenges, including declining revenue and profitability, coupled with bearish technical indicators. The negative P/E ratio and lack of dividend yield further highlight valuation concerns. The company's stable operational efficiency and reduced leverage are positive factors but are overshadowed by liquidity and profitability issues.

Netel Holding AB Business Overview & Revenue Model

Company Description

Netel Holding AB (NETEL) is a Swedish telecommunications and infrastructure company that specializes in delivering a wide range of services and solutions in the telecom sector. The company operates primarily within the Nordic and Baltic regions, focusing on the development, construction, and maintenance of telecommunications networks. NETEL’s core offerings include fiber optic installations, mobile network services, and infrastructure management, catering to both public and private sector clients.

How the Company Makes Money

Netel Holding AB generates revenue through multiple streams primarily centered around its telecommunications infrastructure services. The company earns money by charging clients for the design, construction, and maintenance of telecom networks, including both fixed and mobile installations. Key revenue streams include contracts with telecommunications operators for network upgrades and expansions, as well as ongoing maintenance agreements. Additionally, NETEL benefits from long-term partnerships with various telecom providers, which provide steady income and opportunities for project collaborations. The company also engages in public sector projects, which further contributes to its revenue through government contracts and infrastructure development initiatives.

Netel Holding AB Financial Statement Overview

Summary

Netel Holding AB is experiencing mixed financial performance. While operational efficiency is indicated by stable EBITDA margins, the company faces challenges with declining revenue growth and negative net income. The balance sheet shows moderate health with reduced leverage, but cash flow issues highlight liquidity concerns.

Income Statement

Netel Holding AB has shown a mixed performance with fluctuating revenue and profitability metrics. The revenue growth rate has been inconsistent, with a decline in the latest period. The gross profit margin is stable, but a negative net income in the most recent year signals challenges in profitability. EBITDA margin remains relatively stable, indicating operational efficiency, but the negative net profit margin needs attention.

Balance Sheet

The company's balance sheet reflects moderate financial health with a declining debt-to-equity ratio, indicating reduced leverage over time. The equity ratio is stable, suggesting a balanced asset structure. However, the return on equity has decreased significantly due to the recent net loss, highlighting potential profitability pressures.

Cash Flow

Cash flow analysis shows variability, with a decline in operating cash flow and free cash flow in the most recent year. The free cash flow to net income ratio is negative due to the net loss, posing a concern for cash generation capabilities. The operating cash flow to net income ratio has decreased, reflecting challenges in converting income into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.33B	3.28B	3.46B	3.14B	2.42B	2.30B
Gross Profit	1.23B	1.17B	1.21B	1.16B	860.00M	728.88M
EBITDA	199.00M	214.00M	206.00M	257.00M	176.00M	136.00M
Net Income	-33.00M	-47.00M	44.00M	123.00M	66.00M	76.93M
Balance Sheet
Total Assets	2.81B	2.97B	3.15B	3.12B	2.13B	1.51B
Cash, Cash Equivalents and Short-Term Investments	162.00M	261.00M	446.00M	369.00M	271.00M	89.87M
Total Debt	0.00	1.01B	1.06B	1.09B	589.00M	390.08M
Total Liabilities	1.70B	1.87B	2.01B	2.01B	1.22B	907.69M
Stockholders Equity	1.11B	1.09B	1.13B	1.11B	912.00M	603.27M
Cash Flow
Free Cash Flow	13.00M	59.00M	223.00M	-90.00M	91.00M	127.37M
Operating Cash Flow	19.00M	59.00M	242.00M	-72.00M	114.00M	131.27M
Investing Cash Flow	-99.00M	-162.00M	-83.00M	-238.00M	-181.00M	-1.17M
Financing Cash Flow	-11.00M	-89.00M	-67.00M	402.00M	244.00M	-132.80M

Netel Holding AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.94
• 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:NETEL, the sentiment is Negative. The current price of 4.94 is below the 20-day moving average (MA) of 5.03, below the 50-day MA of 8.37, and below the 200-day MA of 10.34, indicating a bearish trend. The MACD of -1.09 indicates Negative momentum. The RSI at 33.52 is Neutral, neither overbought nor oversold. The STOCH value of 71.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:NETEL.

Netel Holding AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KEBNI.B	―	€481.57M	314.29	8.68%	―	9.30%	―
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ALCA	―	kr544.14M	19.36	―	―	-7.91%	-33.91%
INFREA	―	kr391.15M	―	―	3.79%	8.12%	84.94%
TRANS	―	kr511.12M	29.38	3.44%	―	8.67%	-49.01%
NETEL	―	kr229.22M	―	―	―	-13.07%	-372.35%
KJELL	―	€618.51M	―	-42.09%	―	-4.54%	-1024.16%

Netel Holding AB Corporate Events

Netel Secures SEK 50 Million Contract with Ellevio for Lidingö Project

Netel Holding AB has secured a contract worth approximately SEK 50 million with Ellevio for the reconstruction and refurbishment of a distribution station on Lidingö, near Stockholm. This project, set to begin in autumn 2025 and conclude by autumn 2028, underscores Netel’s role in supporting the electrification of society and strengthens its position in the Northern European infrastructure sector.

The most recent analyst rating on (SE:NETEL) stock is a Hold with a SEK4.00 price target. To see the full list of analyst forecasts on Netel Holding AB stock, see the SE:NETEL Stock Forecast page.

Netel Holding AB Faces Challenges but Remains Optimistic for Future Growth

Netel Holding AB reported a challenging third quarter in 2025, with significant financial losses attributed to write-downs in subsidiaries and lower-than-expected project volumes. The company is implementing cost-saving measures and strategic divestments, including its UK operations, to restore profitability. Despite these challenges, Netel maintains a high order backlog and is optimistic about future growth and margin improvements, driven by new customer agreements and strategic market expansions.

The most recent analyst rating on (SE:NETEL) stock is a Hold with a SEK4.50 price target. To see the full list of analyst forecasts on Netel Holding AB stock, see the SE:NETEL Stock Forecast page.

Netel Secures Renewed Framework Agreement with Elvia for Emergency Services

Netel Holding AB’s subsidiary, Nett-Tjenester, has secured a renewed two-year framework agreement with Elvia, a leading energy company in Norway, to provide emergency services in Østfold and Akershus counties. This agreement, valued at MNOK 20–30 annually, underscores Netel’s reliability and commitment to quality, strengthening its position in the Northern European infrastructure sector.

The most recent analyst rating on (SE:NETEL) stock is a Hold with a SEK7.00 price target. To see the full list of analyst forecasts on Netel Holding AB stock, see the SE:NETEL Stock Forecast page.

Netel Holding AB Faces 2025 Financial Challenges Amid Subsidiary Impairments and Market Changes

Netel Holding AB announced that impairments in three subsidiaries and challenging market conditions have impacted its 2025 financial results, with expected revenue of SEK 3 billion and an adjusted EBITA margin of 1.5–2%, falling short of its targets. In response, Netel is implementing strategic measures including a focus on profitability, organizational changes, and cost savings, particularly in the UK and within its Power and Infraservices divisions, to improve future profitability.

The most recent analyst rating on (SE:NETEL) stock is a Hold with a SEK11.00 price target. To see the full list of analyst forecasts on Netel Holding AB stock, see the SE:NETEL Stock Forecast page.

Netel Holding AB to Release Q3 2025 Report with Webcast and Teleconference

Netel Holding AB announced that its third quarter report for 2025 will be published on October 24, with a webcast and teleconference scheduled for the same day. This announcement provides stakeholders an opportunity to engage with the company’s leadership, potentially impacting investor relations and market perceptions.

The most recent analyst rating on (SE:NETEL) stock is a Hold with a SEK11.50 price target. To see the full list of analyst forecasts on Netel Holding AB stock, see the SE:NETEL Stock Forecast page.

Carl Jakobsson Resigns from Netel’s Board Amid Shareholding Changes

Carl Jakobsson has resigned from the Board of Directors of Netel Holding AB following the divestment of Cinnamon International S.à.r.l.’s shareholding. This move is significant as Jakobsson represented IK Partners, the majority owner of Cinnamon International, and his departure may impact the company’s governance and strategic direction.

The most recent analyst rating on (SE:NETEL) stock is a Hold with a SEK11.50 price target. To see the full list of analyst forecasts on Netel Holding AB stock, see the SE:NETEL Stock Forecast page.

Netel to Upgrade Norwegian Substations with Elvia

Netel Holding AB’s subsidiary, Nett-Tjenester, has signed an agreement with Elvia, a leading energy company in Norway, to upgrade three substations in Gjestad, Dal, and Garder. The projects, valued at approximately 70 million NOK, will enhance the electricity grid’s flexibility and capacity in Øvre Romerike and the Gardermoen area, supporting increased electrification in Norway.

The most recent analyst rating on (SE:NETEL) stock is a Hold with a SEK11.50 price target. To see the full list of analyst forecasts on Netel Holding AB stock, see the SE:NETEL Stock Forecast page.