Norditek Group AB (SE:NOTEK)
:NOTEK
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Norditek Group AB
(NOTEK)
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Rating:51Neutral
Price Target:
kr12.00
▼(-13.04% Downside)
Action:Reiterated
Date:06/10/26
The score is primarily held back by weak cash conversion with deeply negative TTM free cash flow and soft revenue trend, despite solid margins and moderate leverage. Technicals also weigh on the rating as the stock trades below major moving averages with bearish momentum indicators. Valuation is neutral-to-slightly supportive at a ~21.8 P/E but not enough to offset cash flow and momentum concerns.
Positive Factors
High profitability
Sustained EBIT and net margins near 15%/9.7% indicate durable unit economics and pricing power in equipment and service contracts. Strong margins provide cushion against project timing swings, support reinvestment into R&D and aftermarket services, and help preserve earnings through cyclical demand.
Negative Factors
Deeply negative free cash flow
Large negative FCF reflects heavy investment or working-capital strain and creates ongoing reliance on financing if it persists. That cash burn limits ability to self-fund growth or returns, raises refinancing risk, and makes the business more vulnerable to project delays or weaker demand over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability
Sustained EBIT and net margins near 15%/9.7% indicate durable unit economics and pricing power in equipment and service contracts. Strong margins provide cushion against project timing swings, support reinvestment into R&D and aftermarket services, and help preserve earnings through cyclical demand.
Read all positive factors
Norditek Group AB (NOTEK) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr154.48M
Dividend YieldN/A
Average Volume (3M)5.14K
Price to Earnings (P/E)21.3
Beta (1Y)0.52
Revenue Growth5.49%
EPS Growth-37.17%
CountrySE
Employees11
SectorTechnology
Sector Strength88
IndustryWaste Management
Share Statistics
EPS (TTM)0.56
Shares Outstanding13,731,187
10 Day Avg. Volume1,027
30 Day Avg. Volume5,145
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.96
Price to Sales (P/S)1.79
P/FCF Ratio-33.48
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)N/A
Revenue Forecast (FY)N/A
Norditek Group AB Business Overview & Revenue Model
Company Description
Norditek Group AB (publ), established in 1998 and headquartered in Gothenburg, Sweden, specializes in providing equipment for material recycling and conversion across Sweden. The company develops, sells, and offers rental or leasing options for cr...
How the Company Makes Money
Norditek primarily makes money by selling recycling and waste-processing equipment and complete system solutions. Revenue is generated from (1) project-based deliveries of plants/lines and machinery (e.g., sorting and processing systems) where the...
Norditek Group AB Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
68
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 113.22M | 107.55M | 78.30M | 91.64M | 71.66M | 70.59M |
| Gross Profit | 18.94M | 17.05M | 35.19M | 39.23M | 31.37M | 29.64M |
| EBITDA | 17.82M | 22.07M | 10.13M | 14.31M | 14.32M | 5.33M |
| Net Income | 7.63M | 11.44M | 696.00K | 4.80M | 6.71M | 6.77M |
Balance Sheet | ||||||
| Total Assets | 209.68M | 178.75M | 143.34M | 141.40M | 140.09M | 98.15M |
| Cash, Cash Equivalents and Short-Term Investments | 24.04M | 20.61M | 11.09M | 369.00K | 16.35M | 4.01M |
| Total Debt | 65.17M | 42.19M | 38.23M | 46.44M | 36.73M | 39.50M |
| Total Liabilities | 106.58M | 80.83M | 71.40M | 70.21M | 74.24M | 63.53M |
| Stockholders Equity | 103.10M | 97.92M | 71.94M | 71.19M | 65.86M | 34.62M |
Cash Flow | ||||||
| Free Cash Flow | -22.92M | -5.74M | 21.93M | -13.29M | -13.89M | -4.97M |
| Operating Cash Flow | 10.14M | 7.86M | 22.57M | -12.78M | -13.14M | -4.32M |
| Investing Cash Flow | -37.49M | -18.03M | -647.00K | -508.00K | 3.71M | 4.41M |
| Financing Cash Flow | 48.88M | 19.96M | -11.03M | -2.44M | 21.76M | -1.61M |
Norditek Group AB Technical Analysis
Negative
13.80
Price Trends
12.62
Negative
13.01
Negative
13.23
Negative
Market Momentum
-0.38
Positive
43.94
Neutral
20.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NOTEK, the sentiment is Negative. The current price of 13.8 is above the 20-day moving average (MA) of 12.64, above the 50-day MA of 12.62, and above the 200-day MA of 13.23, indicating a bearish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 43.94 is Neutral, neither overbought nor oversold. The STOCH value of 20.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:NOTEK.
Norditek Group AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | kr1.86B | 54.96 | 9.66% | 0.82% | -3.07% | 232.32% | |
51 Neutral | kr154.48M | 21.34 | ― | ― | 5.49% | -37.17% | |
47 Neutral | kr327.57M | -0.85 | -20.69% | ― | -73.84% | -55942.86% | |
47 Neutral | kr92.31M | -13.17 | -17.60% | ― | 65.80% | 73.02% | |
43 Neutral | kr51.60M | -1.69 | -25.32% | ― | -66.96% | -1530.40% | |
43 Neutral | kr240.75M | -0.47 | -96.77% | ― | -26.72% | 7.06% |
* Technology Sector Average
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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.