Nederman Holding AB (NMAN) AI Stock Analysis

• Market Cap: kr5.99B
• Dividend Yield: 2.41%
• Average Volume (3M): 16.46K
• Price to Earnings (P/E): 20.2
• Beta (1Y): 0.79
• Revenue Growth: 2.05%
• EPS Growth: -11.66%
• Country: SE
• Employees: 2,492
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 2.27
• Shares Outstanding: 35,146,020
• 10 Day Avg. Volume: 13,179
• 30 Day Avg. Volume: 16,464
• PEG Ratio: 19.48
• Price to Book (P/B): 2.80
• Price to Sales (P/S): 1.29
• P/FCF Ratio: 22.20
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: kr169.00 ▲(4.06% Upside)

Nederman Holding AB's overall stock score is driven by its strong financial performance, particularly in revenue growth and operational efficiency. However, technical indicators suggest a bearish trend, which impacts the overall score. The valuation is reasonable, supported by a fair P/E ratio and a decent dividend yield. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Business Model Strength

Nederman's diverse revenue streams from products and services in air filtration and environmental solutions provide stability and mitigate market risks.

Market Position

As a leading global provider, Nederman benefits from strong market positioning, supporting long-term growth and competitive advantage in industrial solutions.

Product Innovation

Continuous investment in R&D for innovative solutions enhances Nederman's ability to meet evolving environmental regulations and customer needs, driving future growth.

Negative Factors

Revenue Growth Challenges

A declining revenue growth rate suggests potential market saturation or competitive pressures, which could hinder future expansion and profitability.

Cash Flow Pressure

Negative cash flow growth indicates potential liquidity issues, limiting Nederman's ability to reinvest in growth opportunities and manage debt effectively.

Profitability Concerns

A decline in ROE reflects reduced efficiency in generating profits from equity, potentially impacting investor confidence and long-term financial health.

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 generates revenue through the sale of its wide range of air filtration and environmental solutions, which include both products and services. Key revenue streams comprise direct sales of equipment, installation services, and maintenance contracts. The company benefits from a diverse customer base across various industries, which helps mitigate risks associated with market fluctuations. Additionally, Nederman engages in strategic partnerships and collaborations to expand its market reach and enhance product offerings, further contributing to its earnings. The company also invests in R&D to develop innovative solutions that address emerging environmental challenges, thereby creating additional revenue opportunities.

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. Overall, while the company remains profitable, addressing growth and cash flow issues will be crucial for future performance.

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	5.90B	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	817.30M	900.10M	863.80M	704.50M	632.10M	372.70M
Net Income	296.10M	345.20M	340.90M	328.70M	305.30M	110.40M
Balance Sheet
Total Assets	6.94B	7.25B	6.42B	6.22B	4.73B	4.25B
Cash, Cash Equivalents and Short-Term Investments	551.60M	825.20M	815.20M	721.20M	541.60M	466.80M
Total Debt	2.49B	2.48B	2.12B	2.13B	1.51B	1.77B
Total Liabilities	4.43B	4.53B	4.05B	4.03B	3.01B	2.95B
Stockholders Equity	2.51B	2.72B	2.37B	2.19B	1.72B	1.30B
Cash Flow
Free Cash Flow	160.70M	343.20M	380.70M	174.90M	410.80M	219.30M
Operating Cash Flow	443.00M	595.90M	576.30M	345.70M	519.80M	327.50M
Investing Cash Flow	-433.90M	-293.50M	-236.70M	-615.30M	-120.90M	-181.50M
Financing Cash Flow	-124.80M	-321.20M	-224.20M	402.70M	-356.80M	-79.00M

Nederman Holding AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 162.40
• 50DMA: Positive
• 100DMA: Positive
• 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:NMAN, the sentiment is Positive. The current price of 162.4 is above the 20-day moving average (MA) of 162.13, above the 50-day MA of 160.59, and below the 200-day MA of 171.60, indicating a neutral trend. The MACD of 2.14 indicates Negative momentum. The RSI at 58.95 is Neutral, neither overbought nor oversold. The STOCH value of 41.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:NMAN.

Nederman Holding AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NMAN	66 Neutral	kr5.99B	20.24	―	2.41%	2.05%	-11.66%
ALIG	65 Neutral	kr15.71B	22.29	9.59%	2.09%	-1.74%	26.36%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
EPRO.B	63 Neutral	kr17.94B	27.50	12.07%	1.33%	1.51%	-11.25%
TROAX	62 Neutral	kr9.02B	36.90	12.49%	2.57%	-5.67%	-33.12%
ABSO	59 Neutral	kr2.39B	27.68	―	1.51%	-8.97%	-31.59%
SALT.B	39 Underperform	kr932.14M	-13.34	-40.77%	―	11.85%	6.39%

Nederman Holding AB Corporate Events

Nederman Announces Share Repurchase Plan to Support Incentive Programs

Nederman Holding AB’s Board of Directors has authorized the repurchase of up to 100,000 shares on Nasdaq Stockholm, valued at a maximum of SEK 25 million, to support its long-term incentive programs. This strategic move aims to enhance the company’s operational flexibility and align with shareholder interests, potentially impacting its market positioning and stakeholder relations.

The most recent analyst rating on (SE:NMAN) stock is a Hold with a SEK169.00 price target. To see the full list of analyst forecasts on Nederman Holding AB stock, see the SE:NMAN Stock Forecast page.

Nederman Proposes New Chairman Amid Leadership Transition

Nederman Holding AB’s Nomination Committee has proposed Andreas Örje Wellstam as the new chairman of the board, succeeding Johan Menckel, who will step down to become CEO of LKAB. Wellstam, who will also become Chief Investment Officer at Investment AB Latour, previously led Swegon to become a European leader in indoor climate products. This leadership change is expected to influence Nederman’s strategic direction and strengthen its position in the environmental technology sector.

The most recent analyst rating on (SE:NMAN) stock is a Hold with a SEK169.00 price target. To see the full list of analyst forecasts on Nederman Holding AB stock, see the SE:NMAN Stock Forecast page.

Nederman Holding AB Reports Strong Q3 Performance Amid Market Challenges

Nederman Holding AB reported a solid performance in the third quarter of 2025, with increased sales and profitability despite a decline in orders due to fewer major investment projects. The company continues to invest in production and logistics upgrades, enhancing its efficiency and stability amid geopolitical uncertainties. Recent acquisitions and innovations, including new software for emissions analysis, have bolstered its market position, with further product launches planned for late 2025 and 2026.

The most recent analyst rating on (SE:NMAN) stock is a Hold with a SEK176.00 price target. To see the full list of analyst forecasts on Nederman Holding AB stock, see the SE:NMAN Stock Forecast page.