Nordisk Bergteknik AB Class B (SE:NORB.B)
:NORB.B
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Nordisk Bergteknik AB Class B
(NORB.B)
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Rating:50Neutral
Price Target:
kr11.50
▼(-14.18% Downside)
Action:ReiteratedDate:02/18/26
The score is held back primarily by weak financial quality—thin/volatile profitability, higher leverage, and very weak recent free cash flow. Technicals are moderately supportive with a constructive longer-term trend but neutral momentum. Valuation appears stretched (P/E ~28) relative to current earnings strength, with no dividend yield data to provide support.
Positive Factors
Revenue Growth and Scale
Sustained top-line expansion indicates the company has successfully scaled its project execution and market penetration in civil and infrastructure work. Durable revenue scale supports bargaining power with suppliers, crew utilization, and the ability to win larger contracts, underpinning medium-term backlog and growth optionality.
Negative Factors
Eroded Profitability
A dramatic decline in net income signals weaker margin sustainability and operational leverage erosion. Persistently thin earnings reduce internal capacity to fund growth or absorb shocks, hurt return metrics, and make long‑term investment or deleveraging harder without consistent margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and Scale
Sustained top-line expansion indicates the company has successfully scaled its project execution and market penetration in civil and infrastructure work. Durable revenue scale supports bargaining power with suppliers, crew utilization, and the ability to win larger contracts, underpinning medium-term backlog and growth optionality.
Read all positive factors
Nordisk Bergteknik AB Class B (NORB.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr658.24M
Dividend YieldN/A
Average Volume (3M)32.03K
Price to Earnings (P/E)28.3
Beta (1Y)0.16
Revenue Growth4.41%
EPS Growth194.81%
CountrySE
Employees1,123
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.04
Shares Outstanding57,237,865
10 Day Avg. Volume20,463
30 Day Avg. Volume32,035
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)0.66
Price to Sales (P/S)0.23
P/FCF Ratio134.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.37
Revenue Forecast (FY)kr3.60B
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, shot...
How the Company Makes Money
Nordisk Bergteknik primarily makes money by delivering project-based rock and ground engineering services to customers in construction and infrastructure. Revenue is typically generated through contracts and work orders where the company is paid f...
Nordisk Bergteknik AB Class B Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
48
Neutral
Cash Flow
42
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.45B | 3.31B | 3.53B | 3.40B | 1.92B |
| Gross Profit | 2.01B | 2.03B | 144.60M | 1.92B | 1.14B |
| EBITDA | 440.40M | 442.90M | 457.60M | 479.00M | 249.60M |
| Net Income | 28.50M | 9.60M | 40.40M | 144.40M | 44.70M |
Balance Sheet | |||||
| Total Assets | 3.40B | 3.41B | 3.55B | 3.38B | 2.24B |
| Cash, Cash Equivalents and Short-Term Investments | 78.30M | 122.90M | 124.10M | 254.90M | 455.80M |
| Total Debt | 1.71B | 1.54B | 1.53B | 1.40B | 805.60M |
| Total Liabilities | 2.18B | 2.19B | 2.33B | 2.13B | 1.27B |
| Stockholders Equity | 1.23B | 1.23B | 1.21B | 1.22B | 947.30M |
Cash Flow | |||||
| Free Cash Flow | 6.00M | 90.60M | 50.10M | 300.00K | -28.40M |
| Operating Cash Flow | 237.60M | 322.00M | 291.60M | 267.60M | 122.70M |
| Investing Cash Flow | -158.10M | -154.80M | -281.40M | -405.40M | -263.20M |
| Financing Cash Flow | -138.70M | -163.10M | -153.90M | -53.40M | 514.60M |
Nordisk Bergteknik AB Class B Technical Analysis
Neutral
13.40
Price Trends
12.47
Negative
13.14
Negative
12.60
Negative
Market Momentum
-0.22
Negative
46.14
Neutral
72.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NORB.B, the sentiment is Neutral. The current price of 13.4 is above the 20-day moving average (MA) of 11.49, above the 50-day MA of 12.47, and above the 200-day MA of 12.60, indicating a neutral trend. The MACD of -0.22 indicates Negative momentum. The RSI at 46.14 is Neutral, neither overbought nor oversold. The STOCH value of 72.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:NORB.B.
Nordisk Bergteknik AB Class B Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | kr2.27B | 12.12 | ― | 1.24% | 12.12% | 103.57% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | kr1.53B | 58.96 | 0.72% | ― | -4.67% | ― | |
50 Neutral | kr658.24M | 28.32 | 2.34% | ― | 4.41% | 194.81% | |
49 Neutral | kr1.08B | -3.09 | 18.63% | 5.62% | 359.58% | -323.15% | |
46 Neutral | kr1.76B | -14.32 | ― | ― | 10.55% | -3155.52% | |
41 Neutral | kr253.98M | -0.77 | -73.61% | ― | -19.39% | -116.06% |
* Industrials Sector Average
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Nordisk Bergteknik AB Class B Corporate Events
Nordisk Bergteknik Secures New Nordic Mining Contracts to Bolster Growth
Apr 30, 2026
Nordisk Bergteknik has strengthened its Mining business area by signing a four-year framework agreement with Boliden Mineral for core drilling in both exploration of new deposits and extraction in existing mines, covering a potential volume equiva...
Nordisk Bergteknik Calls 2026 AGM and Proposes No Dividend for 2025
Mar 31, 2026
Nordisk Bergteknik AB has called its Annual General Meeting for May 7, 2026 in Gothenburg, setting out a standard agenda that includes the presentation of the 2025 accounts, board elections and decisions on capital measures such as possible new sh...
Nordisk Bergteknik to Present Growth Strategy at Stora Aktiedagarna 2026
Mar 3, 2026
Nordisk Bergteknik, a specialist in rock handling and foundation solutions for infrastructure and construction projects, is pursuing growth by positioning itself as an early-stage partner in building sustainable, modern societal functions. Its ope...
Nordisk Bergteknik lifts 2025 sales and margins as profitability recovers
Feb 12, 2026
Nordisk Bergteknik AB reported a 4% increase in full-year 2025 net sales to SEK 3,450.8 million, with organic growth improving to 6% and adjusted EBIT margin rising to 4.1%, signaling strengthened profitability. For the fourth quarter, net sales g...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.