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

• Market Cap: kr623.89M
• Dividend Yield: N/A
• Average Volume (3M): 49.54K
• Price to Earnings (P/E): 29.7
• Beta (1Y): 0.04
• Revenue Growth: 0.45%
• EPS Growth: 109.30%
• Country: SE
• Employees: 1,123
• Sector: Industrials
• Sector Strength: 91
• Industry: Engineering & Construction
• EPS (TTM): -0.06
• Shares Outstanding: 57,237,865
• 10 Day Avg. Volume: 19,812
• 30 Day Avg. Volume: 49,536
• PEG Ratio: -1.35
• Price to Book (P/B): 0.50
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 6.26
• 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: kr16.98
• Price Target Upside: 55.81% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 60 Neutral
• Price Target: kr11.50 ▲(5.50%Upside)

Nordisk Bergteknik AB Class B exhibits moderate financial performance with stable operational efficiency but faces challenges in profitability and cash flow generation. Technical indicators are neutral, and the stock appears overvalued with a high P/E ratio. The lack of dividend yield further affects its valuation appeal.

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 AB generates revenue through its comprehensive suite of services tailored for the construction and mining sectors. Key revenue streams include drilling and blasting services, which are essential for preparing sites for construction or mining operations. The company also earns income from rock reinforcement services, which are crucial for stabilizing rock formations and ensuring the safety of ongoing projects. Additionally, Nordisk Bergteknik may engage in strategic partnerships with other firms in the industry to leverage expertise and expand its service offerings. Factors such as regional demand for construction, infrastructure development, and mining activities significantly influence the company's earnings.

Nordisk Bergteknik AB Class B Financial Statement Overview

Summary

Nordisk Bergteknik AB faces a mixed financial outlook, characterized by strong gross margins and cash flow generation but challenged by declining revenue and net profits. The high leverage increases financial risk, though the company maintains a stable equity base. Overall, while the company demonstrates resilience in cash flows, it must address revenue and profitability pressures to enhance its financial health.

Income Statement

Nordisk Bergteknik AB has shown fluctuating revenue growth with a recent decline in the past year. While the gross profit margin remains strong, the net profit margin has decreased, signaling pressure on profitability. The EBIT margin indicates moderate operational efficiency, but the EBITDA margin remains robust, suggesting good cash flow generation before capital expenses.

Balance Sheet

The company's Debt-to-Equity Ratio is relatively high, indicating significant leverage, which could pose risks in unstable economic conditions. The Return on Equity has been inconsistent, showing a decline recently, pointing to challenges in generating returns for shareholders. The equity ratio demonstrates a stable capital structure, with equity forming a reasonable portion of total assets.

Cash Flow

Nordisk Bergteknik AB has experienced growth in operating cash flows, which provides some assurance of liquidity to cover operations and investments. The Free Cash Flow to Net Income ratio indicates a solid cash conversion, although free cash flow growth has been volatile. This reflects the company's ability to generate cash after capital expenditures.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
3.31B	3.53B	3.40B	1.92B	1.58B
	Gross Profit
2.03B	144.60M	1.92B	1.14B	947.50M
	EBIT
104.40M	133.00M	238.40M	92.80M	120.90M
	EBITDA
442.90M	460.50M	483.00M	267.60M	134.09M
	Net Income Common Stockholders
9.60M	40.40M	144.40M	44.70M	13.20M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
122.90M	124.10M	254.90M	455.80M	72.70M
	Total Assets
3.41B	3.55B	3.38B	2.24B	1.32B
	Total Debt
1.54B	1.53B	1.40B	805.60M	698.80M
	Net Debt
1.42B	1.42B	1.15B	354.50M	626.10M
	Total Liabilities
2.19B	2.33B	2.13B	1.27B	1.01B
	Stockholders Equity
1.23B	1.21B	1.22B	947.30M	286.30M
Cash Flow		Free Cash Flow
90.60M	50.10M	300.00K	-28.40M	-60.00M
	Operating Cash Flow
322.00M	291.60M	267.60M	122.70M	54.80M
	Investing Cash Flow
-154.80M	-281.40M	-405.40M	-263.20M	-108.90M
	Financing Cash Flow
-163.10M	-153.90M	-53.40M	514.60M	-53.40M

Nordisk Bergteknik AB Class B Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.90
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 10.9 is above the 20-day moving average (MA) of 10.89, above the 50-day MA of 10.88, and below the 200-day MA of 13.35, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 48.61 is Neutral, neither overbought nor oversold. The STOCH value of 30.00 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
Sector *	66 Neutral	$4.51B	12.29	5.40%	248.53%	4.14%	-12.41%
NORB.B	60 Neutral	kr623.89M	29.71	1.69%	―	0.45%	109.30%
4IIA		€630.05M	23.84	8.49%	2.60%	―	―
E5E		€126.34M	―	-2.77%	―	―	―
BYY		€282.83M	32.20	4.29%	1.38%	―	―
WAA		€60.20M	―	-25.47%	―	―	―
B9C		€55.74M	250.00	-3.72%	―	―	―

Nordisk Bergteknik AB Class B Corporate Events

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.