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Nordic Group Limited (SG:MR7)
:MR7
Singapore Market
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Nordic Group Limited (MR7) AI Stock Analysis

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SG:MR7

Nordic Group Limited

(SGX:MR7)

Rating:72Outperform
Price Target:
S$0.50
▲(28.21%Upside)
Nordic Group Limited's overall stock score reflects strong financial performance, particularly in profitability and cash flow management, which are the most significant factors. The stock's technical indicators show bullish momentum, though caution is warranted due to the overbought RSI. Valuation metrics are favorable, highlighting potential undervaluation and a solid dividend yield, making the stock attractive for value-oriented investors.

Nordic Group Limited (MR7) vs. iShares MSCI Singapore ETF (EWS)

Nordic Group Limited Business Overview & Revenue Model

Company DescriptionNordic Group Limited (MR7) is a diversified industrial company operating primarily in the sectors of integrated engineering solutions, precision engineering, and environmental services. The company is known for delivering high-quality engineering, procurement, construction, and maintenance services across various industries, including oil & gas, petrochemical, and infrastructure. Nordic Group Limited's commitment to innovation and excellence has established it as a leading provider of engineering solutions in the region.
How the Company Makes MoneyNordic Group Limited makes money through a combination of project-based contracts and long-term service agreements. The company's revenue model is primarily driven by its engineering solutions, where it provides integrated services ranging from design and engineering to procurement and construction management. Key revenue streams include fees from project execution, maintenance services, and precision engineering products. Additionally, Nordic Group Limited benefits from strategic partnerships with major players in the industries it serves, enhancing its ability to secure lucrative contracts and expand its market reach. The company's focus on environmental services also contributes to its earnings, as it offers solutions that help clients comply with environmental regulations.

Nordic Group Limited Financial Statement Overview

Summary
Nordic Group Limited demonstrates solid financial health with stable profitability, prudent leverage, and effective cash flow management. Despite challenges in revenue growth, the company's profitability and cash generation remain strong, supported by a healthy balance sheet with strong equity positioning.
Income Statement
72
Positive
Nordic Group Limited's income statement reflects stable profitability with consistent gross and net profit margins over the years. Gross profit margin for 2024 is 23.15% and net profit margin is 11.06%, indicating efficient cost management. Revenue growth has been inconsistent, with a decline in 2024 compared to 2023. EBITDA margin of 18.86% and EBIT margin of 12.75% suggest effective operational control, but the recent revenue dip could be a concern for future growth.
Balance Sheet
78
Positive
The balance sheet of Nordic Group Limited shows a well-capitalized position with a debt-to-equity ratio of 0.50, suggesting moderate leverage. Return on equity stands at 13.49%, reflecting a decent return for shareholders. Equity ratio is 55.28%, indicating strong equity financing. The company maintains a healthy level of cash and short-term investments, supporting liquidity.
Cash Flow
75
Positive
Nordic Group Limited shows robust cash flow management with positive operating cash flow to net income ratio of 0.91, indicating efficient cash conversion. Free cash flow to net income ratio is 0.80, showing strong cash generation. Free cash flow growth has been healthy, but the recent financing cash outflows could affect future liquidity.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue158.39M160.64M162.76M103.06M80.79M
Gross Profit36.67M36.41M45.75M27.80M17.96M
EBITDA29.88M28.31M30.49M19.23M12.62M
Net Income17.51M15.98M20.67M13.88M5.48M
Balance Sheet
Total Assets234.81M265.58M237.81M192.27M168.05M
Cash, Cash Equivalents and Short-Term Investments44.91M73.74M53.03M75.34M57.51M
Total Debt65.53M102.12M77.98M63.65M49.56M
Total Liabilities105.00M148.11M127.79M94.63M79.21M
Stockholders Equity129.80M117.47M110.02M97.64M88.84M
Cash Flow
Free Cash Flow13.98M10.18M34.12M9.20M17.10M
Operating Cash Flow15.98M11.29M35.00M9.92M17.97M
Investing Cash Flow-4.39M-5.20M-52.54M-575.00K-623.00K
Financing Cash Flow-43.64M14.96M-4.46M8.07M-2.46M

Nordic Group Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.39
Price Trends
50DMA
0.35
Positive
100DMA
0.34
Positive
200DMA
0.34
Positive
Market Momentum
MACD
0.02
Negative
RSI
74.46
Negative
STOCH
96.43
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:MR7, the sentiment is Positive. The current price of 0.39 is above the 20-day moving average (MA) of 0.37, above the 50-day MA of 0.35, and above the 200-day MA of 0.34, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 74.46 is Negative, neither overbought nor oversold. The STOCH value of 96.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:MR7.

Nordic Group Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
S$185.79M9.516.28%0.72%1.01%1.33%
72
Outperform
S$160.91M9.4714.17%4.17%-1.41%9.50%
66
Neutral
$2.74B13.9710.02%4.01%-1.82%30.90%
65
Neutral
S$163.74M19.114.17%1.22%8.98%70.54%
53
Neutral
S$49.95M28.002.33%10.64%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:MR7
Nordic Group Limited
0.42
0.13
44.83%
SG:BQM
Tiong Woon Corporation Holding Ltd
0.83
0.35
72.92%
SG:C06
CSC Holdings Limited
0.01
0.00
0.00%
SG:I07
ISDN Holdings Limited
0.39
0.10
35.09%

Nordic Group Limited Corporate Events

Nordic Group Secures S$48.7 Million in New Contracts
Jul 12, 2025

Nordic Group Limited has secured contracts worth approximately S$48.7 million across various divisions, including system integration, precision engineering, and cleanroom solutions. These contracts, involving both new and repeat clients, are expected to complete between 2Q2025 and 4Q2026, and they are not anticipated to materially impact the company’s financial metrics for the current year.

Nordic Group Limited’s 2025 Annual General Meeting Highlights
May 28, 2025

Nordic Group Limited held its Annual General Meeting on April 29, 2025, at the Singapore Recreation Club. The meeting was chaired by Executive Director Ms. Teo Ling Ling, with a presentation on the company’s performance for the financial year ending December 31, 2024, delivered by Ms. Chia Meng Ru. The meeting included introductions of the board members and the external auditors, and addressed questions submitted by shareholders in advance.

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.Date of analysis: Jul 24, 2025