Nederman Holding AB (NMAN) AI Stock Analysis

• Market Cap: kr5.78B
• Dividend Yield: 2.43%
• Average Volume (3M): 11.39K
• Price to Earnings (P/E): 20.2
• Beta (1Y): 0.76
• Revenue Growth: -0.99%
• EPS Growth: -18.07%
• Country: SE
• Employees: 2,492
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 2.08
• Shares Outstanding: 35,146,020
• 10 Day Avg. Volume: 5,943
• 30 Day Avg. Volume: 11,389
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: kr175.00
• Price Target Upside: 6.32% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 63 Neutral
• Price Target: kr175.00 ▲(6.32% Upside)

Nederman Holding AB's overall stock score is primarily influenced by its stable financial performance, despite challenges in revenue and cash flow growth. The technical analysis indicates a bearish trend, which negatively impacts the score. The valuation is reasonable, providing some support to the overall score. The lack of earnings call and corporate events data means these factors did not influence the score.

Nederman Holding AB Business Overview & Revenue Model

Company Description

Nederman Holding AB (publ) operates as an environmental technology company in Sweden and internationally. The company operates through four segments: Nederman Extraction & Filtration Technology; Nederman Duct & Filter Technology; Nederman Process Technology; and Nederman Monitoring & Control Technology. It offers industrial air filtration products for heavy process industries, including metal fabrication, power generation, mineral processing, chemical, and other industries, as well as for fiber-based production, process industry operations, and auto industry aftermarket sectors. The company also provides air filtration products, such as gas turbine inlet air filtration systems, and filters and related media products for the power generation and textile industries under the Nederman Pneumafil brand. In addition, it offers metal chip processing and ash handling systems to metal machining plants, metal recyclers, solid fuel-fired power plants, and others under the Nederman National Conveyors brand name; and designs and engineers components and systems, as well as provide manufacturing, assembling, installation, and after-sales services. Further, the company offers technologies for evaporation, drying, and filtration of liquids; and extrusion, spheronization, feeding, and pelleting in the chemical industry under the LCI brand name. Additionally, it supplies gas and dust analyzers based on tuneable diode laser absorption spectroscopy; and provides particulate monitors and intelligent controls for filtration systems and related material flow processes. The company also develops, manufactures, and markets solutions for monitoring industrial emissions and portable instruments. It sells its products through its own sales organization, agents, and resellers. The company was founded in 1944 and is headquartered in Helsingborg, Sweden.

How the Company Makes Money

Nederman Holding AB generates revenue primarily through the sale of its air filtration systems and related products. The company's key revenue streams include equipment sales, after-sales services such as maintenance and spare parts, and installation services. Nederman also benefits from long-term contracts with industrial facilities that require ongoing air quality management. Significant partnerships with distributors and industrial clients enhance its market reach and contribute to its earnings by facilitating access to a diverse customer base across multiple regions. Additionally, Nederman's focus on innovation and sustainability aligns with increasing regulatory demands for cleaner industrial operations, further driving demand for its solutions.

Nederman Holding AB Financial Statement Overview

Summary

Nederman Holding AB demonstrates a stable financial position with reasonable profitability margins. However, the negative revenue and free cash flow growth rates in the TTM highlight potential challenges in sustaining growth. The company's leverage is managed well, but declining ROE and cash flow metrics suggest areas for improvement.

Income Statement

Nederman Holding AB's income statement shows mixed performance. The TTM data indicates a decline in revenue growth rate, which is concerning. However, the company maintains a stable gross profit margin around 39.6% and a net profit margin of 4.9%. The EBIT and EBITDA margins have decreased slightly over the TTM, reflecting some pressure on operational efficiency. Overall, while profitability remains reasonable, the negative revenue growth trend is a key concern.

Balance Sheet

The balance sheet reflects a moderate financial position with a debt-to-equity ratio of 1.02 in the TTM, indicating a balanced leverage level. The return on equity has slightly decreased to 11.2%, suggesting a dip in profitability relative to equity. The equity ratio stands at 35.2%, showing a stable capital structure. The company appears to manage its debt well, but the slight decline in ROE warrants attention.

Cash Flow

Cash flow analysis reveals challenges, with a negative free cash flow growth rate of -8.5% in the TTM. The operating cash flow to net income ratio is 0.26, indicating moderate cash generation efficiency. The free cash flow to net income ratio is 0.46, showing some pressure on cash flow relative to earnings. The decline in free cash flow growth is a concern, impacting overall cash flow health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.88B	5.90B	6.19B	5.18B	4.04B	3.67B
Gross Profit	2.33B	2.32B	2.25B	1.87B	1.52B	1.39B
EBITDA	804.10M	900.10M	863.80M	704.50M	632.10M	372.70M
Net Income	286.90M	345.20M	340.90M	328.70M	305.30M	110.40M
Balance Sheet
Total Assets	7.02B	7.25B	6.42B	6.22B	4.73B	4.25B
Cash, Cash Equivalents and Short-Term Investments	530.40M	825.20M	815.20M	721.20M	541.60M	466.80M
Total Debt	2.53B	2.48B	2.12B	2.13B	1.51B	1.77B
Total Liabilities	4.55B	4.53B	4.05B	4.03B	3.01B	2.95B
Stockholders Equity	2.47B	2.72B	2.37B	2.19B	1.72B	1.30B
Cash Flow
Free Cash Flow	229.20M	343.20M	380.70M	174.90M	410.80M	219.30M
Operating Cash Flow	500.70M	595.90M	576.30M	345.70M	519.80M	327.50M
Investing Cash Flow	-459.00M	-293.50M	-236.70M	-615.30M	-120.90M	-181.50M
Financing Cash Flow	-58.20M	-321.20M	-224.20M	402.70M	-356.80M	-79.00M

Nederman Holding AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 164.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NMAN, the sentiment is Negative. The current price of 164.6 is below the 20-day moving average (MA) of 166.44, below the 50-day MA of 168.83, and below the 200-day MA of 188.18, indicating a bearish trend. The MACD of -0.97 indicates Positive momentum. The RSI at 43.23 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:NMAN.

Nederman Holding AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALIG	76 Outperform	16.69B	22.97	9.97%	1.93%	-0.39%	34.10%
TROAX	68 Neutral	8.19B	30.23	17.38%	2.78%	-1.17%	-26.46%
NMAN	63 Neutral	kr5.78B	20.25	―	2.43%	-0.99%	-18.07%
EPRO.B	59 Neutral	16.68B	20.98	15.16%	1.42%	3.98%	12.36%
ABSO	57 Neutral	2.95B	34.34	9.42%	1.25%	-8.40%	-40.98%
SALT.B	54 Neutral	1.62B	-22.82	-39.59%	―	-1.27%	-29.29%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Nederman Holding AB Corporate Events

Nederman Holding AB Reports Growth Amid Market Uncertainties

Nederman Holding AB reported a currency-neutral growth in orders and sales for Q2 2025, despite geopolitical challenges and market uncertainties. The company continues to invest in innovation and production capabilities, launching new products like the Fume Eliminator GoMax and expanding its market presence through strategic acquisitions, while maintaining a strong order backlog and healthy profitability.