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

• Market Cap: kr749.82M
• Dividend Yield: N/A
• Average Volume (3M): 32.03K
• Price to Earnings (P/E): 31.5
• Beta (1Y): 0.06
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: kr15.50 ▲(15.67% 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 (publ), together with its subsidiaries, provides rock handling and foundation solutions in Sweden and Norway. Its rock handling services include drilling, excavation, wire sawing, rock reinforcement, shaft work, scaling, shotcreting, soil nailing, and grouting services; and rock safety and concrete rehabilitation of bridges, piers, and buildings, as well as offers hanging nets, bolting, and protection services against rockfalls, buildings and roads. The company's foundation services comprise piling, sheet piling, foundation reinforcement, grouting, and groundwater lowering. It undertakes projects in the field of infrastructure, construction, wind farms, mines, natural environments, and other areas. The company was founded in 1966 and is headquartered in Gothenburg, Sweden.

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: Negative
• Last Price: 13.40
• 50DMA: Negative
• 100DMA: Positive
• 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:NORB.B, the sentiment is Negative. The current price of 13.4 is above the 20-day moving average (MA) of 13.17, below the 50-day MA of 13.52, and above the 200-day MA of 11.93, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 46.19 is Neutral, neither overbought nor oversold. The STOCH value of 25.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
NORB.B	64 Neutral	kr749.82M	31.51	1.98%	―	4.24%	29.69%
BYGGP	64 Neutral	kr1.83B	16.84	―	1.24%	4.25%	127.31%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ELTEL	56 Neutral	kr1.44B	106.37	0.72%	―	-6.38%	―
FG	54 Neutral	kr1.64B	-1,020.13	―	―	8.40%	-101.19%
WBGR.B	40 Underperform	kr576.39M	-0.78	-56.98%	―	-0.02%	-50.72%

Nordisk Bergteknik AB Class B Corporate Events

Nordisk Bergteknik AB Announces Leadership Transition

Nordisk Bergteknik AB is undergoing a leadership change as the Nomination Committee plans to propose Göran Näsholm as the new Chairman of the Board, succeeding Mats O. Paulsson, who has declined re-election. Näsholm, a significant shareholder and current Vice Chairman, brings extensive leadership experience from his previous roles at Ahlsell AB and Alfa Laval Group. This transition is part of the company’s broader preparations for the Annual General Meeting in 2026, where further proposals regarding board composition and remuneration will be presented.

The most recent analyst rating on ($SE:NORB.B) stock is a Hold with a SEK15.50 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 Launches New Mining Business Area

Nordisk Bergteknik has announced the establishment of a new business area called Mining, which aims to offer a comprehensive range of services to the mining industry. This strategic move is intended to consolidate and strengthen its position as a leading partner in the mining sector, leveraging its extensive experience, skilled workforce, and modern machinery. The new business area will initially include Protek Norr and Power Mining, and aims to serve the Nordic region’s mining industry with plans for geographic expansion. The company anticipates increased growth and profitability through this initiative, driven by the significant development potential in the mining industry and the need for robust mining production in Europe.

The most recent analyst rating on ($SE:NORB.B) stock is a Hold with a SEK15.50 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 Growth Strategy at Stora Aktiedagarna

Nordisk Bergteknik is set to present at Stora Aktiedagarna, showcasing their growth strategy and commitment to sustainability. The presentation, led by Deputy CEO Victor Örn, highlights the company’s involvement in early-stage societal development projects, emphasizing their industry expertise and future ambitions.

The most recent analyst rating on ($SE:NORB.B) stock is a Hold with a SEK15.50 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 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.