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 ▲(6.53% Upside)

Nordisk Bergteknik AB's overall stock score reflects strong revenue growth and positive cash flow trends, which are offset by high leverage and profitability challenges. The technical analysis indicates bullish momentum, but overbought signals suggest caution. The valuation appears high, with a P/E ratio above industry norms and no dividend yield to enhance attractiveness.

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 demonstrates strong revenue growth and improving cash flow generation, but faces challenges in profitability and high leverage. The company's ability to manage costs and improve profit margins will be crucial for future financial health. While cash flow trends are positive, the high debt levels pose a risk that needs careful management to ensure long-term stability.

Income Statement

Nordisk Bergteknik AB shows a mixed performance in its income statement. The TTM (Trailing-Twelve-Months) revenue growth rate is strong at 46.7%, indicating robust top-line expansion. However, the gross profit margin has significantly decreased to 31.6% from previous higher levels, suggesting increased cost pressures. The net profit margin remains low at 0.62%, reflecting challenges in translating revenue growth into bottom-line profitability. The EBIT and EBITDA margins are stable, but overall profitability remains a concern.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.29 in the TTM, indicating significant leverage which could pose financial risk. Return on equity is low at 1.72%, suggesting inefficient use of equity capital. The equity ratio stands at 35.6%, showing a moderate level of equity financing. While the company has managed to maintain its equity base, the high leverage could limit financial flexibility.

Cash Flow

Cash flow analysis shows a positive trend with a substantial free cash flow growth rate of 101.02% in the TTM, indicating improved cash generation. The operating cash flow to net income ratio is 3.11, suggesting strong cash conversion from earnings. However, the free cash flow to net income ratio is relatively low at 0.16, highlighting potential challenges in sustaining free cash flow levels. Overall, cash flow management appears to be improving.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.40B	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	432.50M	442.90M	457.60M	479.00M	249.60M	134.09M
Net Income	12.70M	9.60M	40.40M	144.40M	44.70M	13.20M
Balance Sheet
Total Assets	3.44B	3.41B	3.55B	3.38B	2.24B	1.32B
Cash, Cash Equivalents and Short-Term Investments	43.30M	122.90M	124.10M	254.90M	455.80M	72.70M
Total Debt	1.54B	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	1.23B	1.23B	1.21B	1.22B	947.30M	286.30M
Cash Flow
Free Cash Flow	78.80M	90.60M	50.10M	300.00K	-28.40M	-60.00M
Operating Cash Flow	306.10M	322.00M	291.60M	267.60M	122.70M	54.80M
Investing Cash Flow	-164.70M	-154.80M	-281.40M	-405.40M	-263.20M	-108.90M
Financing Cash Flow	-135.90M	-163.10M	-153.90M	-53.40M	514.60M	-53.40M

Nordisk Bergteknik AB Class B Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 14.55 is above the 20-day moving average (MA) of 12.41, above the 50-day MA of 12.06, and above the 200-day MA of 11.75, indicating a bullish trend. The MACD of 0.48 indicates Negative momentum. The RSI at 72.95 is Negative, neither overbought nor oversold. The STOCH value of 84.82 is Negative, 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	69 Neutral	kr1.55B	18.98	―	1.37%	-2.11%	74.17%
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	55 Neutral	kr1.45B	-943.86	―	6.71%	3.60%	-100.91%
ELTEL	50 Neutral	€1.33B	98.49	0.72%	―	-6.38%	―
WBGR.B	41 Neutral	€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.