Nordic Flanges Group AB (NFGAB) AI Stock Analysis

• Market Cap: kr24.55M
• Dividend Yield: N/A
• Average Volume (3M): 2.34K
• Price to Earnings (P/E): 16.5
• Beta (1Y): 0.43
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: SE
• Employees: 95
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 0.13
• Shares Outstanding: 2,294,092
• 10 Day Avg. Volume: 392
• 30 Day Avg. Volume: 2,338
• PEG Ratio: -0.03
• Price to Book (P/B): 1.30
• Price to Sales (P/S): 0.13
• P/FCF Ratio: -11.22
• 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): 2.79
• Revenue Forecast (FY): kr242.00M

• Rating: 48 Neutral
• Price Target: kr10.50 ▼(-11.02% Downside)
• Action: Reiterated Date: 11/28/25
• Date: Action: Reiterated 11/28/25

Nordic Flanges Group AB's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and high leverage. While technical analysis shows some positive momentum, the negative valuation metrics significantly lower the stock's attractiveness.

Positive Factors

Cash Flow Improvement

The significant improvement in free cash flow indicates better cash management and operational efficiency, which can support future investments and debt reduction, enhancing long-term financial stability.

Market Position

Serving multiple industries provides Nordic Flanges Group AB with diversified revenue streams, reducing reliance on any single market and enhancing resilience against sector-specific downturns.

Product Quality and Innovation

A strong focus on innovation and quality allows the company to maintain a competitive edge, ensuring ongoing demand and customer loyalty, which supports long-term revenue stability.

Negative Factors

High Leverage

High leverage can strain financial resources, increasing risk and limiting the company's ability to invest in growth opportunities, potentially impacting long-term financial health.

Declining Revenue

Declining revenue suggests challenges in market demand or competitive positioning, which can hinder growth prospects and affect the company's ability to generate sustainable profits over time.

Profitability Issues

Ongoing profitability issues indicate operational inefficiencies or pricing pressures, which can undermine long-term financial performance and limit the company's ability to reinvest in its business.

Nordic Flanges Group AB Business Overview & Revenue Model

Company Description

Nordic Flanges Group AB (publ) produces and sells industrial flanges in Sweden, rest of the Nordic region, and internationally. The company provides flange solutions and forged products in stainless steel, aluminum, and carbon steel. It offers stock flanges, collars, welding rings, and loose flanges, as well as special flanges and customer-specific products. The company was formerly known as Vinovo AB (publ) and changed its name to Nordic Flanges Group AB (publ) in March 2015. Nordic Flanges Group AB (publ) was founded in 1970 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

NFGAB generates revenue through the sale of its flanges and fittings to a broad customer base, which includes manufacturers, construction companies, and energy sector players. The primary revenue streams include direct sales of products, long-term contracts with key industrial clients, and partnerships with distributors to expand market reach. Additionally, NFGAB may benefit from offering value-added services such as custom engineering solutions and enhanced logistics support. Their focus on quality and compliance with international standards helps secure repeat business and attract new clients, contributing significantly to the company's earnings.

Nordic Flanges Group AB Financial Statement Overview

Summary

Nordic Flanges Group AB faces significant financial challenges. The income statement shows declining revenues and persistent losses. The balance sheet indicates high leverage and negative returns on equity, while cash flow improvements are insufficient to offset overall financial instability.

Income Statement

Nordic Flanges Group AB's income statement reveals a challenging financial situation. The company has experienced a decline in revenue growth, with a negative growth rate of -2.45% in the TTM period. Profitability metrics such as the gross profit margin have decreased slightly over time, and the net profit margin remains negative, indicating ongoing losses. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies. Overall, the income statement suggests financial instability and a need for strategic improvements.

Balance Sheet

The balance sheet of Nordic Flanges Group AB shows a high debt-to-equity ratio of 2.49 in the TTM period, indicating significant leverage and potential financial risk. The return on equity is negative, reflecting the company's inability to generate profits from its equity base. The equity ratio is relatively low, suggesting limited financial stability. These factors highlight the company's reliance on debt financing and the need for improved financial management.

Cash Flow

The cash flow statement presents a mixed picture. While the free cash flow has shown growth, the operating cash flow to net income ratio is low, indicating challenges in converting income into cash. The free cash flow to net income ratio is relatively better, suggesting some ability to generate cash despite net losses. However, the overall cash flow position indicates a need for better cash management and operational efficiency.

Breakdown	TTM	Mar 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	223.99M	228.78M	272.87M	238.50M	191.26M	189.20M
Gross Profit	93.03M	119.53M	126.98M	119.16M	108.45M	105.09M
EBITDA	4.32M	-2.35M	468.00K	7.90M	1.45M	4.11M
Net Income	-13.32M	-19.76M	-19.36M	-7.68M	-12.03M	-12.21M
Balance Sheet
Total Assets	114.13M	127.97M	129.53M	144.51M	130.70M	112.17M
Cash, Cash Equivalents and Short-Term Investments	11.41M	11.10M	4.23M	5.45M	5.79M	3.83M
Total Debt	39.87M	47.33M	47.63M	54.85M	51.14M	35.74M
Total Liabilities	96.79M	105.48M	110.55M	105.89M	101.25M	71.90M
Stockholders Equity	17.34M	22.49M	18.98M	38.61M	29.45M	40.27M
Cash Flow
Free Cash Flow	8.48M	-2.60M	-4.02M	-20.12M	-12.18M	11.94M
Operating Cash Flow	11.02M	-845.00K	6.74M	-9.73M	2.86M	14.95M
Investing Cash Flow	-1.94M	-815.00K	-9.81M	-10.39M	-15.03M	-3.01M
Financing Cash Flow	-2.94M	8.52M	1.85M	15.61M	14.14M	-8.16M

Nordic Flanges Group AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NFGAB, the sentiment is Negative. The current price of 11.8 is above the 20-day moving average (MA) of 11.23, above the 50-day MA of 11.51, and above the 200-day MA of 10.61, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 33.74 is Neutral, neither overbought nor oversold. The STOCH value of 36.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:NFGAB.

Nordic Flanges Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
FNM	57 Neutral	kr675.76M	-3.17	―	―	7.93%	-9.04%
NFGAB	48 Neutral	kr24.55M	16.47	―	―	―	―
FLEXQ	46 Neutral	kr215.81M	-5.47	―	―	-4.14%	23.99%
CI	42 Neutral	kr78.36M	-0.25	―	―	-81.35%	42.35%