Nordisk Bergteknik AB Class B (NORB.B) AI Stock Analysis

• Market Cap: €746.95M
• Dividend Yield: N/A
• Average Volume (3M): 32.03K
• Price to Earnings (P/E): 58.8
• Beta (1Y): -0.11
• Revenue Growth: 4.24%
• EPS Growth: 29.69%
• Country: SE
• Employees: 1,123
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.18
• Shares Outstanding: 57,237,865
• 10 Day Avg. Volume: 20,463
• 30 Day Avg. Volume: 32,035
• PEG Ratio: -1.06
• Price to Book (P/B): 0.63
• Price to Sales (P/S): 0.23
• P/FCF Ratio: 8.53
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: kr15.50 ▲(8.01% Upside)

Nordisk Bergteknik AB Class B's overall score is driven by strong technical indicators suggesting positive momentum, despite financial challenges such as high leverage and low profitability. The high P/E ratio indicates potential overvaluation, which tempers the overall score.

Positive Factors

Revenue Growth

The robust revenue growth rate indicates strong demand for Nordisk Bergteknik's services, suggesting effective market penetration and potential for continued expansion.

Cash Flow Generation

The substantial growth in free cash flow reflects improved operational efficiency and cash management, enhancing the company's ability to reinvest in growth opportunities.

Market Position

Nordisk Bergteknik's emphasis on sustainable practices and innovative technology strengthens its competitive position, appealing to environmentally conscious clients and partners.

Negative Factors

High Leverage

Significant leverage poses a financial risk, potentially limiting the company's ability to invest in growth and navigate economic downturns.

Profitability Challenges

Low profitability despite strong revenue growth suggests cost pressures and inefficiencies, which could hinder long-term financial health if not addressed.

Gross Profit Margin Decline

The decline in gross profit margin indicates rising costs or pricing pressures, which could affect the company's ability to maintain profitability if trends persist.

Nordisk Bergteknik AB Class B Business Overview & Revenue Model

Company Description

Nordisk Bergteknik AB Class B (NORB.B) is a Swedish company specializing in rock and mineral exploration and development. Operating primarily in the mining and construction sectors, the company offers a range of services including drilling, blasting, and mineral extraction. With a focus on sustainable practices and innovative technology, Nordisk Bergteknik aims to optimize resource recovery while minimizing environmental impact, catering to both domestic and international markets.

How the Company Makes Money

Nordisk Bergteknik generates revenue through its core services of drilling and blasting for mining and construction projects. The company typically charges clients on a project basis, which includes fees for labor, equipment usage, and materials. Key revenue streams include contracts with mining companies for exploration services and ongoing partnerships with construction firms requiring excavation and material handling. Additionally, the company may engage in joint ventures or strategic alliances with other firms in the resource sector, expanding its service offerings and market reach, which can contribute to increased earnings. Overall, the company's focus on efficiency and sustainability helps to differentiate it in a competitive market, potentially leading to higher profit margins.

Nordisk Bergteknik AB Class B Financial Statement Overview

Summary

Nordisk Bergteknik AB Class B shows strong revenue growth but faces challenges in profitability and cash flow management. High leverage and low profitability margins indicate potential financial risks, while negative free cash flow growth raises liquidity concerns.

Income Statement

Nordisk Bergteknik AB Class B shows a mixed performance in its income statement. The TTM (Trailing-Twelve-Months) revenue growth rate is strong at 15.1%, indicating robust top-line growth. However, the gross profit margin has decreased significantly from previous years, suggesting increased cost pressures. The net profit margin remains low at 0.37%, reflecting challenges in translating revenue growth into bottom-line profitability. EBIT and EBITDA margins are stable but not particularly high, indicating moderate operational efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.26, indicating significant leverage, which could pose financial risks if not managed carefully. Return on equity (ROE) is low at 1.04%, suggesting limited returns for shareholders. The equity ratio is moderate, reflecting a balanced asset structure but with room for improvement in financial stability.

Cash Flow

Cash flow analysis shows concerning trends, with a negative free cash flow growth rate of -101.52% in the TTM period, indicating cash flow challenges. The operating cash flow to net income ratio is moderate at 0.38, suggesting adequate cash generation relative to net income. However, the free cash flow to net income ratio is low, highlighting potential liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.44B	3.31B	3.53B	3.40B	1.92B	1.58B
Gross Profit	1.56B	2.03B	144.60M	1.92B	1.14B	947.50M
EBITDA	436.20M	442.90M	457.60M	479.00M	249.60M	134.09M
Net Income	23.80M	9.60M	40.40M	144.40M	44.70M	13.20M
Balance Sheet
Total Assets	3.46B	3.41B	3.55B	3.38B	2.24B	1.32B
Cash, Cash Equivalents and Short-Term Investments	27.40M	122.90M	124.10M	254.90M	455.80M	72.70M
Total Debt	1.56B	1.54B	1.53B	1.40B	805.60M	698.80M
Total Liabilities	2.22B	2.19B	2.33B	2.13B	1.27B	1.01B
Stockholders Equity	1.24B	1.23B	1.21B	1.22B	947.30M	286.30M
Cash Flow
Free Cash Flow	-1.20M	90.60M	50.10M	300.00K	-28.40M	-60.00M
Operating Cash Flow	235.90M	322.00M	291.60M	267.60M	122.70M	54.80M
Investing Cash Flow	-164.90M	-154.80M	-281.40M	-405.40M	-263.20M	-108.90M
Financing Cash Flow	-75.40M	-163.10M	-153.90M	-53.40M	514.60M	-53.40M

Nordisk Bergteknik AB Class B Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NORB.B, the sentiment is Positive. The current price of 14.35 is below the 20-day moving average (MA) of 14.39, above the 50-day MA of 12.94, and above the 200-day MA of 11.86, indicating a neutral trend. The MACD of 0.50 indicates Positive momentum. The RSI at 54.49 is Neutral, neither overbought nor oversold. The STOCH value of 14.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:NORB.B.

Nordisk Bergteknik AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BYGGP	70 Outperform	kr1.55B	18.98	―	1.44%	4.25%	127.31%
NORB.B	64 Neutral	€746.95M	58.81	1.98%	―	4.24%	29.69%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
FG	54 Neutral	kr1.45B	-943.86	―	―	8.40%	-101.19%
ELTEL	50 Neutral	€1.33B	98.49	0.72%	―	-6.38%	―
WBGR.B	40 Underperform	€537.56M	-0.86	-56.98%	―	-0.02%	-50.72%

Nordisk Bergteknik AB Class B Corporate Events

Nordisk Bergteknik Secures Major Landslide Protection Contract

Nordisk Bergteknik has secured a significant contract valued at 140 MSEK to lead one of Norway’s largest landslide protection projects in Honningsvåg. This project, which involves manual work due to challenging environmental conditions, further solidifies the company’s position as a leader in Nordic rock and mountain stabilization.

The most recent analyst rating on ($SE:NORB.B) stock is a Hold with a SEK14.00 price target. To see the full list of analyst forecasts on Nordisk Bergteknik AB Class B stock, see the SE:NORB.B Stock Forecast page.

Nordisk Bergteknik Reports Sales Growth and Strategic Partnership

Nordisk Bergteknik AB reported a 5% increase in net sales for the period of January to September 2025, with organic growth at 7%. The company has entered into a strategic cooperation agreement with Norwegian residential company Oden, enhancing its project portfolio by acting as the main contractor for nearly 1,000 homes, which could significantly bolster its market position.

The most recent analyst rating on ($SE:NORB.B) stock is a Hold with a SEK12.50 price target. To see the full list of analyst forecasts on Nordisk Bergteknik AB Class B stock, see the SE:NORB.B Stock Forecast page.

Nordisk Bergteknik Appoints Nomination Committee for 2026 AGM

Nordisk Bergteknik AB has appointed its Nomination Committee for the Annual General Meeting scheduled for May 7, 2026, in Gothenburg, Sweden. The committee, comprising representatives from the company’s three largest shareholders and the Chairman of the Board, will prepare proposals for the meeting, including board member nominations and remuneration policies. This appointment reflects the company’s governance process and stakeholder engagement ahead of the AGM.

The most recent analyst rating on ($SE:NORB.B) stock is a Hold with a SEK12.50 price target. To see the full list of analyst forecasts on Nordisk Bergteknik AB Class B stock, see the SE:NORB.B Stock Forecast page.

Nordisk Bergteknik to Present Interim Report for 2025

Nordisk Bergteknik will release its interim report for January-September 2025 on November 4, followed by a presentation and Q&A session led by Deputy CEO Victor Örn. This announcement highlights the company’s commitment to transparency and engagement with stakeholders, potentially impacting its market positioning and stakeholder relations.

The most recent analyst rating on ($SE:NORB.B) stock is a Hold with a SEK12.50 price target. To see the full list of analyst forecasts on Nordisk Bergteknik AB Class B stock, see the SE:NORB.B Stock Forecast page.

Nordisk Bergteknik Partners with Oden for Major Housing Projects in Norway

Nordisk Bergteknik has signed a strategic partnership with Norwegian housing company Oden to act as the main contractor for foundation and concrete projects in Oden’s land bank development, which could result in nearly 1,000 homes over nine phases. This agreement offers Nordisk Bergteknik significant project access without additional tender processes, potentially creating a strong order backlog and enhancing their market presence in the Vestfold region of Norway, with an estimated contract value of over NOK 1 billion.

The most recent analyst rating on ($SE:NORB.B) stock is a Hold with a SEK12.00 price target. To see the full list of analyst forecasts on Nordisk Bergteknik AB Class B stock, see the SE:NORB.B Stock Forecast page.

Nordisk Bergteknik to Unveil Strategic Insights at Upcoming Presentation

Nordisk Bergteknik is hosting a comprehensive company presentation on November 27, 2025, in Stockholm, where the CEO and management team will discuss the company’s operations, strategic direction, market position, and financial outlook. This event provides an opportunity for stakeholders to gain insights into the company’s future plans and market positioning, potentially impacting its operations and industry standing.

The most recent analyst rating on ($SE:NORB.B) stock is a Hold with a SEK12.00 price target. To see the full list of analyst forecasts on Nordisk Bergteknik AB Class B stock, see the SE:NORB.B Stock Forecast page.