Noba Bank Group AB (NOBA) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 2.00M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.43
• Revenue Growth: 6.63%
• EPS Growth: N/A
• Country: SE
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Diversified
• EPS (TTM): 2.00
• Shares Outstanding: 500,000,000
• 10 Day Avg. Volume: 366,984
• 30 Day Avg. Volume: 2,000,007
• PEG Ratio: 0.26
• Price to Book (P/B): 2.01
• Price to Sales (P/S): 3.15
• P/FCF Ratio: 6.77
• 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: kr110.50
• Price Target Upside: 4.13% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: kr116.00 ▲(9.31% Upside)

Noba Bank Group AB's strong financial performance, characterized by robust revenue growth and improved profitability, is the primary driver of its stock score. Technical analysis indicates positive momentum, though caution is advised due to potential overbought conditions. The valuation is reasonable, but the lack of a dividend yield may deter some investors.

Noba Bank Group AB Business Overview & Revenue Model

Company Description

Noba Bank Group AB (NOBA) is a financial services institution based in Sweden that operates primarily in the banking and financial technology sectors. The company provides a range of services including personal banking, business banking, investment solutions, and digital payment services. NOBA focuses on leveraging technology to enhance customer experience, offering innovative banking solutions that cater to both individual and corporate clients.

How the Company Makes Money

Noba Bank Group AB generates revenue through various channels, including interest income from loans and mortgages, fees from account services and transactions, and commissions from investment products. The bank's primary revenue stream comes from lending activities, where it charges interest on loans provided to individuals and businesses. Additionally, NOBA earns fees from transactional services such as wire transfers, account maintenance, and payment processing. The company may also engage in partnerships with fintech firms to expand its service offerings and enhance its digital platform, further contributing to its revenue through shared commissions and increased customer acquisition.

Noba Bank Group AB Financial Statement Overview

Summary

Noba Bank Group AB exhibits strong financial performance with significant revenue growth and improved profitability margins. The balance sheet reflects a stable financial position with effective leverage management. Cash flow metrics indicate a positive trend, although there is potential for further enhancement in cash flow efficiency.

Income Statement

Noba Bank Group AB has demonstrated strong revenue growth with a 24.14% increase in 2024, following a significant 49.04% growth in 2023. The gross profit margin remains robust at 66.42%, although slightly down from previous years. Net profit margin improved to 13.85% in 2024, indicating enhanced profitability. EBIT and EBITDA margins have also shown improvement, reflecting operational efficiency gains.

Balance Sheet

The company maintains a stable debt-to-equity ratio of 0.89, showing a slight improvement from previous years, which indicates prudent financial leverage management. Return on equity has improved to 8.81%, suggesting better utilization of equity. The equity ratio remains strong, indicating a solid capital structure.

Cash Flow

Noba Bank Group AB has shown a positive turnaround in free cash flow growth at 3.44% in 2024, recovering from negative growth in previous years. The operating cash flow to net income ratio is positive, indicating good cash generation relative to net income. However, the free cash flow to net income ratio is slightly below 1, suggesting room for improvement in cash flow efficiency.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.44B	11.63B	7.80B	3.05B
Gross Profit	9.59B	8.11B	6.52B	2.57B
EBITDA	3.08B	1.80B	1.78B	29.00M
Net Income	2.00B	1.07B	882.00M	-40.00M
Balance Sheet
Total Assets	159.14B	138.06B	119.33B	108.58B
Cash, Cash Equivalents and Short-Term Investments	9.31B	1.17B	3.72B	1.92B
Total Debt	20.29B	18.30B	19.69B	19.21B
Total Liabilities	136.47B	118.07B	99.57B	89.63B
Stockholders Equity	22.68B	19.99B	19.75B	18.95B
Cash Flow
Free Cash Flow	6.72B	-2.75B	2.64B	5.21B
Operating Cash Flow	6.85B	-2.68B	2.68B	5.22B
Investing Cash Flow	-134.00M	-75.00M	-60.00M	-13.65B
Financing Cash Flow	690.00M	-56.00M	-431.00M	11.23B

Noba Bank Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SWED.A	74 Outperform	kr327.80B	9.94	15.50%	7.57%	-14.95%	-4.73%
SAVE	72 Outperform	€69.60B	24.57	41.80%	2.98%	2.54%	4.51%
SEB.A	71 Outperform	kr364.74B	11.61	13.97%	4.80%	-13.83%	-12.61%
NOBA	69 Neutral	―	―	―	―	6.63%	―
AZA	68 Neutral	kr57.41B	21.92	42.92%	3.32%	7.33%	23.01%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
RESURS	63 Neutral	kr7.07B	69.38	1.44%	―	-1.57%	―

Noba Bank Group AB Corporate Events

NOBA Bank Group Issues SEK 750 Million Additional Tier 1 Notes

NOBA Bank Group AB has successfully issued SEK 750 million in Additional Tier 1 notes, which are perpetual with a first call date five years after issuance. The notes, which will be listed on Nasdaq Stockholm, reflect the bank’s strategic financial maneuvers to strengthen its capital structure, potentially enhancing its market position and stakeholder confidence.

The most recent analyst rating on (SE:NOBA) stock is a Buy with a SEK123.00 price target. To see the full list of analyst forecasts on Noba Bank Group AB stock, see the SE:NOBA Stock Forecast page.

NOBA Bank Group Considers Issuing Additional Tier 1 Notes

NOBA Bank Group AB is considering issuing Additional Tier 1 notes and has appointed Nordea and SEB to lead investor meetings to assess market conditions for this potential issuance. This strategic move could strengthen NOBA’s capital structure, enhancing its financial stability and market positioning.

The most recent analyst rating on (SE:NOBA) stock is a Buy with a SEK123.00 price target. To see the full list of analyst forecasts on Noba Bank Group AB stock, see the SE:NOBA Stock Forecast page.

Noba Bank Group AB Reports Robust Q3 2025 Performance and Strategic Milestones

Noba Bank Group AB reported a strong performance for the third quarter of 2025, with an 8% growth in its loan portfolio and a significant increase in operating profit and net profit compared to the previous year. Key events included the divestment of its stake in Stabelo, the issuance of warrants to align interests with management and key individuals, and its successful listing on Nasdaq Stockholm, which was oversubscribed multiple times, marking a new chapter for the company.

The most recent analyst rating on (SE:NOBA) stock is a Buy with a SEK123.00 price target. To see the full list of analyst forecasts on Noba Bank Group AB stock, see the SE:NOBA Stock Forecast page.

NOBA Bank Group Announces 2026 AGM Nomination Committee

NOBA Bank Group AB has announced the appointment of its Nomination Committee for the 2026 Annual General Meeting, reflecting its ownership structure as of September 2025. The committee includes representatives from Nordic Capital, Sampo, and OP Cooperative, with Robert Furuhjelm as Chairman. The meeting is scheduled for May 21, 2026, in Stockholm, allowing shareholders to submit proposals until January 30, 2026.

The most recent analyst rating on (SE:NOBA) stock is a Buy with a SEK123.00 price target. To see the full list of analyst forecasts on Noba Bank Group AB stock, see the SE:NOBA Stock Forecast page.

NOBA Bank Group to Announce Q3 2025 Results

NOBA Bank Group AB is set to release its third-quarter results for 2025 on November 11, accompanied by a presentation and fact book. A conference call will be held for investors, analysts, and media, where the CEO and CFO will present the results and engage in a Q&A session. This event is significant for stakeholders as it provides insights into the company’s financial performance and strategic direction.

The most recent analyst rating on (SE:NOBA) stock is a Buy with a SEK123.00 price target. To see the full list of analyst forecasts on Noba Bank Group AB stock, see the SE:NOBA Stock Forecast page.

NOBA Bank Group Appoints New Employee Representative to Board

NOBA Bank Group AB has appointed Leslie Restovic Lopez as the new employee representative on its Board of Directors, following the resignation of Daniella Bertlin in September. This change is part of NOBA’s ongoing commitment to maintaining a diverse and effective board, which is crucial for its strategic operations and stakeholder engagement.

The most recent analyst rating on (SE:NOBA) stock is a Hold with a SEK99.00 price target. To see the full list of analyst forecasts on Noba Bank Group AB stock, see the SE:NOBA Stock Forecast page.

NOBA Bank Completes Overallotment Option Exercise and Ends Stabilization Period

NOBA Bank Group AB announced the full exercise of the overallotment option and the conclusion of the stabilization period following the listing of its shares on Nasdaq Stockholm. The decision was made due to the strong performance of NOBA’s share price, with no stabilization measures needed. This development reflects positively on NOBA’s market positioning and financial health, potentially enhancing investor confidence and supporting future growth initiatives.

NOBA Bank Group Successfully Issues Senior Preferred Bonds

NOBA Bank Group AB has successfully issued senior preferred bonds totaling SEK 1 billion and NOK 500 million, with a 3-year tenor and interest tied to 3-month STIBOR/NIBOR plus 1.40%. The bonds, part of NOBA’s MTN programme, will be listed on Nasdaq Stockholm, enhancing the company’s financial positioning and market presence.