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: 5.08
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 1.33
• P/FCF Ratio: -42.00
• 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: 4.78% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: kr76.00 ▲(17.10% Upside)

The overall stock score is driven primarily by strong valuation metrics and positive technical analysis. Financial performance is solid but tempered by concerns over cash flow management. The lack of earnings call and corporate events data did not impact the score.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong market demand and effective business strategies, positioning the company for continued expansion.

Balance Sheet Strength

A debt-free balance sheet enhances financial stability and flexibility, allowing the company to invest in growth opportunities without financial strain.

Profitability

High profit margins reflect effective cost management and strong pricing power, supporting sustainable earnings growth over time.

Negative Factors

Cash Flow Challenges

Negative operating cash flow suggests difficulties in generating cash from core operations, which could impact the company's ability to fund growth and operations.

Free Cash Flow Decline

A decline in free cash flow can limit the company's ability to invest in new projects or return capital to shareholders, affecting long-term growth potential.

Reliance on External Financing

Dependence on external financing may increase financial risk and reduce financial flexibility, potentially impacting strategic initiatives and growth plans.

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 multiple streams, including fees from debt collection services, commissions on credit management solutions, and sales of financial products. The company charges clients a percentage of the amount collected on debts, which constitutes a significant portion of its income. Additionally, Collector AB earns fees from providing credit information and risk assessment services to businesses. Strategic partnerships with financial institutions and technology providers enhance its service offerings and market reach, contributing to overall revenue growth. The company's focus on digital transformation and customer-centric solutions further drives profitability.

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	13.86B	5.62B	4.97B	3.70B	3.00B	2.50B
Gross Profit	5.80B	3.70B	3.65B	3.21B	2.64B	2.12B
EBITDA	4.61B	1.68B	1.70B	1.50B	995.00M	447.00M
Net Income	3.53B	1.26B	1.29B	1.14B	753.00M	303.00M
Balance Sheet
Total Assets	69.38B	67.21B	54.06B	48.68B	44.29B	37.74B
Cash, Cash Equivalents and Short-Term Investments	0.00	4.20B	3.20B	3.11B	5.31B	3.79B
Total Debt	2.90B	2.99B	1.36B	3.47B	5.73B	1.22B
Total Liabilities	59.71B	58.16B	45.75B	41.61B	38.38B	33.03B
Stockholders Equity	9.67B	9.05B	8.30B	7.07B	5.92B	4.71B
Cash Flow
Free Cash Flow	1.87B	-178.00M	2.30B	238.00M	-3.55B	8.00M
Operating Cash Flow	1.98B	-101.00M	2.36B	277.00M	-3.51B	46.00M
Investing Cash Flow	-302.00M	-139.00M	-58.00M	-39.00M	-39.00M	52.00M
Financing Cash Flow	-794.00M	1.12B	-2.14B	-2.49B	4.96B	-1.16B

Collector AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 64.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• 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 Negative. The current price of 64.9 is below the 20-day moving average (MA) of 67.65, below the 50-day MA of 66.37, and above the 200-day MA of 54.30, indicating a neutral trend. The MACD of 0.29 indicates Positive momentum. The RSI at 43.09 is Neutral, neither overbought nor oversold. The STOCH value of 67.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:NORION.

Collector AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TFBANK	72 Outperform	€11.64B	6.69	26.88%	―	15.59%	24.31%
NORION	71 Outperform	kr14.05B	9.80	―	―	0.78%	13.82%
HOFI	70 Neutral	kr8.59B	9.53	15.75%	1.99%	19.81%	5.77%
RESURS	63 Neutral	kr7.07B	69.38	1.44%	―	-1.57%	―
QLIRO	56 Neutral	kr492.01M	―	-16.73%	―	-11.93%	-821.71%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
INTRUM	42 Neutral	kr5.58B	-39.03	-0.68%	―	-6.65%	95.09%