Collector AB (NORION) AI Stock Analysis

• Market Cap: kr14.05B
• Dividend Yield: N/A
• Average Volume (3M): 166.24K
• Price to Earnings (P/E): 9.8
• Beta (1Y): 0.63
• Revenue Growth: 0.78%
• EPS Growth: 13.82%
• Country: SE
• Employees: 399
• Sector: Services
• Sector Strength: N/A
• Industry: Financial - Credit Services
• EPS (TTM): 1.70
• Shares Outstanding: 205,381,000
• 10 Day Avg. Volume: 158,870
• 30 Day Avg. Volume: 166,237
• PEG Ratio: 4.97
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 2.05
• P/FCF Ratio: -1.65
• 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: kr68.00
• Price Target Upside: 4.29% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ―

Collector AB's strong revenue growth and robust balance sheet underpin its solid financial performance, despite concerns about cash flow. The technical analysis suggests positive momentum, while the low P/E ratio indicates an attractive valuation. These factors contribute to a favorable overall stock score.

Collector AB Business Overview & Revenue Model

Company Description

Norion Bank AB provides financial solutions for corporate and private individuals with a focus on small and medium-sized companies in Sweden, Finland, Norway, and internationally. It operates through Corporate, Real estate, Consumer, and Payments segments. The company offers personal loans, corporate loans, and factoring services; real estate loans; unsecured loans; and credit cards. It also provides payment and checkout solutions for e-commerce and retail chains, as well as invoicing and payment by instalment services for private individuals. The company was formerly known as Collector Bank AB and changed its name to Norion Bank AB in September 2023. Norion Bank AB was founded in 1999 and is headquartered in Gothenburg, Sweden.

How the Company Makes Money

Collector AB generates revenue through interest income from personal loans and credit cards, as well as fees associated with these products. The company also earns money from corporate financing solutions, such as factoring and corporate loans, which provide businesses with flexible financing options. Additionally, Collector AB benefits from partnerships with retail businesses, offering consumer finance solutions that encourage spending and drive sales, thus creating a mutually beneficial revenue stream.

Collector AB Financial Statement Overview

Summary

Collector AB demonstrates solid revenue growth and profitability, bolstered by a robust balance sheet with no debt reliance. However, the negative operating cash flow and lack of EBIT and EBITDA data are concerns. While the company shows strong equity support, it needs to improve cash flow generation to enhance overall financial stability.

Income Statement

Collector AB has shown a strong revenue growth rate of 41.79% in 2024 compared to 2023. The net profit margin for 2024 is robust at 35.48%, indicating efficient profitability management. However, the absence of EBIT and EBITDA data in 2024 limits the assessment of operating performance. Despite this, the company has improved its total revenue significantly over the past year, showing growth potential.

Balance Sheet

The company's balance sheet is solid with a favorable equity ratio of 13.47% in 2024, reflecting a stable financial position. The debt-to-equity ratio is particularly strong at 0.00, indicating no reliance on debt for financing. Return on equity has improved to 14.30%, showcasing efficient use of equity capital. Overall, the balance sheet depicts a well-capitalized company with strong equity support.

Cash Flow

Collector AB's cash flow position is mixed. The operating cash flow is negative in 2024, highlighting potential liquidity challenges. The free cash flow growth rate is negative, indicating a decline in cash generation capabilities. However, the company has a high financing cash flow, suggesting reliance on external financing. These factors indicate room for improvement in cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.95B	3.65B	2.57B	3.74B	3.03B	2.55B
Gross Profit	3.78B	3.65B	5.04B	3.74B	3.03B	2.55B
EBITDA	898.00M	0.00	0.00	0.00	0.00	0.00
Net Income	1.39B	1.29B	1.29B	1.14B	753.00M	303.00M
Balance Sheet
Total Assets	70.00B	67.21B	54.06B	48.68B	44.29B	37.98B
Cash, Cash Equivalents and Short-Term Investments	0.00	4.20B	3.20B	3.11B	5.31B	3.79B
Total Debt	2.68B	2.99B	1.86B	3.97B	6.23B	1.38B
Total Liabilities	60.26B	58.15B	45.75B	42.11B	38.88B	33.21B
Stockholders Equity	9.74B	9.05B	8.30B	6.57B	5.42B	4.77B
Cash Flow
Free Cash Flow	308.00M	-4.53B	1.83B	944.00M	647.00M	654.00M
Operating Cash Flow	381.00M	-101.00M	1.89B	983.00M	682.00M	693.00M
Investing Cash Flow	-135.00M	-139.00M	-58.00M	-5.29B	-4.73B	-1.96B
Financing Cash Flow	441.00M	1.12B	3.77B	2.05B	5.45B	-34.00M

Collector AB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 65.20
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NORION, the sentiment is Neutral. The current price of 65.2 is below the 20-day moving average (MA) of 65.53, below the 50-day MA of 67.04, and above the 200-day MA of 52.06, indicating a neutral trend. The MACD of 0.44 indicates Negative momentum. The RSI at 46.55 is Neutral, neither overbought nor oversold. The STOCH value of 53.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:NORION.

Collector AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NORION	72 Outperform	kr14.05B	9.80	―	―	0.78%	13.82%
TFBANK	72 Outperform	€11.64B	6.69	26.88%	―	15.59%	24.31%
HOFI	70 Neutral	kr8.59B	9.53	15.75%	2.10%	19.81%	5.77%
RESURS	63 Neutral	kr7.07B	69.38	1.44%	―	-1.57%	―
QLIRO	56 Neutral	kr504.74M	―	-16.73%	―	-11.93%	-821.71%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
INTRUM	44 Neutral	kr5.58B	-39.03	-0.68%	―	-6.65%	95.09%