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

• Market Cap: kr689.72M
• Dividend Yield: N/A
• Average Volume (3M): 44.11K
• Price to Earnings (P/E): 32.8
• Beta (1Y): -0.09
• Revenue Growth: 0.45%
• EPS Growth: 109.30%
• Country: SE
• Employees: 1,123
• Sector: Industrials
• Sector Strength: 86
• Industry: Engineering & Construction
• EPS (TTM): -0.06
• Shares Outstanding: 57,237,865
• 10 Day Avg. Volume: 36,876
• 30 Day Avg. Volume: 44,111
• PEG Ratio: 0.09
• Price to Book (P/B): 1.10
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.48K
• 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: kr17.01
• Price Target Upside: 37.70% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: kr13.00 ▲(5.26%Upside)

Nordisk Bergteknik AB Class B scores moderately due to its stable operational efficiency and positive technical indicators. However, its high P/E ratio and weak profitability metrics weigh down the overall score, suggesting potential overvaluation without supporting financial performance.

Nordisk Bergteknik AB Class B Business Overview & Revenue Model

Company Description

Nordisk Bergteknik AB Class B (NORB.B) is a Swedish company operating in the construction and engineering sectors, specializing in rock engineering and infrastructure projects. The company provides a range of services including drilling, blasting, and rock reinforcement to support infrastructure development, mining, and construction projects. Nordisk Bergteknik is known for its expertise in handling complex geological challenges, ensuring stability and safety in various construction environments.

How the Company Makes Money

Nordisk Bergteknik AB generates revenue through a diversified range of services primarily centered around rock engineering and infrastructure projects. The company earns money by offering specialized services such as drilling, blasting, and rock reinforcement, which are essential in construction and mining projects. Revenue is driven by contracts with construction firms, mining companies, and government infrastructure projects that require its expertise in managing complex geological conditions. Furthermore, strategic partnerships and long-term contracts with key clients in the Nordic region contribute to a stable revenue stream. The company may also engage in collaborative projects that leverage its technical expertise, enhancing its market position and financial performance.

Nordisk Bergteknik AB Class B Financial Statement Overview

Summary

The company's financial performance is moderate with a gross profit margin of 31.6% and stable operational efficiency. However, low net profit margin at 0.62% and challenges in cash flow generation indicate room for improvement.

Income Statement

The company's income statement shows moderate performance with a gross profit margin of 31.6% in the TTM period, indicating reasonable cost management. However, the net profit margin is low at 0.62%, reflecting tight profitability. Revenue growth has been inconsistent, with a decrease from the previous year. EBIT and EBITDA margins are stable, suggesting operational efficiency, but there is room for improvement in profitability.

Balance Sheet

The balance sheet indicates a solid equity position with an equity ratio of 35.6%, suggesting financial stability. The debt-to-equity ratio is 1.29, which is manageable but indicates a reliance on debt financing. Return on equity is low at 1.74%, pointing to challenges in generating returns on shareholder investment. Overall, the company maintains a stable financial structure.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth, which is a concern. The operating cash flow to net income ratio is favorable at 11.51, indicating strong cash generation relative to net income. However, the free cash flow to net income ratio is lower at 1.86, suggesting challenges in converting earnings into cash flow. The company needs to enhance its free cash flow generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.38B	3.31B	3.53B	3.40B	1.92B	1.58B
Gross Profit	1.07B	2.03B	144.60M	1.92B	1.14B	947.50M
EBITDA	449.90M	442.90M	460.50M	483.00M	267.60M	134.09M
Net Income	21.00M	9.60M	40.40M	144.40M	44.70M	13.20M
Balance Sheet
Total Assets	3.39B	3.41B	3.55B	3.38B	2.24B	1.32B
Cash, Cash Equivalents and Short-Term Investments	16.50M	107.90M	124.10M	254.90M	455.80M	72.70M
Total Debt	1.56B	1.58B	1.53B	1.40B	805.60M	698.80M
Total Liabilities	2.18B	2.19B	2.33B	2.13B	1.27B	1.01B
Stockholders Equity	1.20B	1.23B	1.21B	1.22B	947.30M	286.30M
Cash Flow
Free Cash Flow	39.20M	90.60M	50.10M	300.00K	-28.40M	-60.00M
Operating Cash Flow	241.70M	322.00M	291.60M	267.60M	122.70M	54.80M
Investing Cash Flow	-129.70M	-154.80M	-281.40M	-405.40M	-263.20M	-108.90M
Financing Cash Flow	-178.60M	-163.10M	-153.90M	-53.40M	514.60M	-53.40M

Nordisk Bergteknik AB Class B Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.35
• 50DMA: Positive
• 100DMA: Positive
• 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:NORB.B, the sentiment is Negative. The current price of 12.35 is above the 20-day moving average (MA) of 12.14, above the 50-day MA of 11.46, and below the 200-day MA of 12.36, indicating a neutral trend. The MACD of 0.22 indicates Positive momentum. The RSI at 50.78 is Neutral, neither overbought nor oversold. The STOCH value of 53.01 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
INSTAL	68 Neutral	kr7.07B	25.35	8.65%	2.65%	-3.99%	-49.97%
NORB.B	64 Neutral	kr689.72M	32.84	1.69%	―	0.45%	109.30%
Sector *	63 Neutral	kr60.40B	12.34	1.88%	2.39%	0.11%	-4.39%
BMAX	63 Neutral	kr3.52B	22.84	6.68%	1.28%	4.40%	7603.52%
ELTEL	59 Neutral	kr1.62B	―	-1.65%	―	-6.41%	90.48%
WBGR.B	54 Neutral	kr691.66M	―	-25.47%	―	13.21%	28.88%
BALCO	46 Neutral	€575.54M	216.55	-4.20%	―	9.76%	-289.12%

Nordisk Bergteknik AB Class B Corporate Events

Nordisk Bergteknik Secures Extended Financing for Growth

Nordisk Bergteknik has extended its financing agreement with Swedbank and Nordea, securing a SEK 400 million bank loan and a SEK 650 million credit facility, both maturing in the third quarter of 2028. Additionally, the company has arranged for an extra SEK 200 million credit facility for future investments and acquisitions, with the agreement potentially including a sustainability component. This financial arrangement is expected to support Nordisk Bergteknik’s growth strategy, facilitating continued expansion and acquisitions.

The most recent analyst rating on ($SE:NORB.B) stock is a Buy with a SEK24.00 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 AB Annual General Meeting Resolutions and Strategic Focus

Nordisk Bergteknik AB held its Annual General Meeting on May 15, 2025, where several key resolutions were passed. The meeting approved the income statement and balance sheet for 2024, re-elected board members, and authorized new share issues and the acquisition of own shares. These decisions reflect the company’s strategic focus on growth and sustainability, potentially impacting its market position and stakeholder interests positively.

The most recent analyst rating on ($SE:NORB.B) stock is a Buy with a SEK25.00 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 AB Reports Growth and Secures Major Contracts in Q1 2025

Nordisk Bergteknik AB reported a 10% increase in net sales for the first quarter of 2025, reaching SEK 827.5 million, with an organic growth rate of 11%. Despite a slight decline in operating profit and EBIT margin, the company secured its largest order to date, valued at approximately SEK 500 million, as a strategic subcontractor for the Swedish Transport Administration’s double-track expansion. Additionally, they received a SEK 170 million contract for concrete renovation from the Norwegian Ministry of Defense, indicating strong future prospects.