Nordic Group Limited (SG:MR7)
SGX:MR7
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Nordic Group Limited
(SGX:MR7)
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Rating:73Outperform
Price Target:
S$0.55
▲(24.09% Upside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by solid financial quality—stronger margins, meaningfully lower leverage, and improved 2025 free cash flow—offset by multi-year revenue declines. Technicals are supportive but not strong enough to outweigh mixed momentum signals, while valuation is favorable with a low P/E and a modest dividend yield.
Positive Factors
Improved Profitability & Margins
Margins strengthened materially in 2025 across gross, EBIT and net lines, indicating better pricing, cost control or project mix. Sustained margin expansion supports durable earnings power and resilience through project cycles, improving cashflow generation potential over months.
Negative Factors
Multi-year Revenue Decline
Sustained top-line contraction over several years signals weaker end-market demand or loss of project share. Even with margin gains, persistent revenue declines can limit absolute profit growth, strain backlog replenishment, and constrain long-term scalability without structural demand recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability & Margins
Margins strengthened materially in 2025 across gross, EBIT and net lines, indicating better pricing, cost control or project mix. Sustained margin expansion supports durable earnings power and resilience through project cycles, improving cashflow generation potential over months.
Read all positive factors
Nordic Group Limited (MR7) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$186.11M
Dividend Yield1.84%
Average Volume (3M)142.57K
Price to Earnings (P/E)9.3
Beta (1Y)0.72
Revenue Growth13.35%
EPS Growth20.00%
CountrySG
EmployeesN/A
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.03
Shares Outstanding400,000,000
10 Day Avg. Volume106,940
30 Day Avg. Volume142,570
Financial Highlights & Ratios
PEG Ratio1.08
Price to Book (P/B)1.25
Price to Sales (P/S)1.16
P/FCF Ratio6.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.61Price Target Upside38.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.06
Revenue Forecast (FY)S$183.94M
Nordic Group Limited Business Overview & Revenue Model
Company Description
Nordic Group Limited, an investment holding company, provides solutions in the areas of system integration; maintenance, repair, overhaul, and trading; precision engineering; scaffolding; insulation; petrochemical and environmental engineering; an...
Nordic Group Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 167.06M | 153.28M | 158.39M | 160.64M | 162.76M | 103.06M |
| Gross Profit | 37.86M | 40.47M | 36.67M | 36.41M | 45.75M | 27.51M |
| EBITDA | 26.58M | 29.62M | 29.88M | 28.31M | 31.77M | 19.06M |
| Net Income | 17.26M | 19.02M | 17.51M | 15.98M | 20.67M | 13.88M |
Balance Sheet | ||||||
| Total Assets | 225.58M | 228.96M | 234.81M | 265.58M | 237.81M | 192.27M |
| Cash, Cash Equivalents and Short-Term Investments | 32.37M | 41.81M | 43.44M | 73.74M | 55.91M | 75.34M |
| Total Debt | 45.52M | 43.67M | 65.53M | 102.12M | 77.98M | 63.65M |
| Total Liabilities | 92.15M | 87.42M | 105.00M | 148.11M | 127.79M | 94.63M |
| Stockholders Equity | 133.44M | 141.55M | 129.80M | 117.47M | 110.02M | 97.64M |
Cash Flow | ||||||
| Free Cash Flow | 25.05M | 28.48M | 13.98M | 10.18M | 34.12M | 9.20M |
| Operating Cash Flow | 26.86M | 29.51M | 15.98M | 11.29M | 35.00M | 9.92M |
| Investing Cash Flow | -755.00K | 510.00K | -3.09M | -5.20M | -52.54M | -575.00K |
| Financing Cash Flow | -50.86M | -30.30M | -46.65M | 14.96M | -4.46M | 8.07M |
Nordic Group Limited Technical Analysis
Positive
0.44
Price Trends
0.49
Positive
0.45
Positive
0.42
Positive
Market Momentum
<0.01
Negative
54.25
Neutral
39.44
Neutral
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 0.44 is below the 20-day moving average (MA) of 0.49, below the 50-day MA of 0.49, and above the 200-day MA of 0.42, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.25 is Neutral, neither overbought nor oversold. The STOCH value of 39.44 is Neutral, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | S$220.62M | 3.27 | 6.36% | 2.24% | 14.25% | 5.61% | |
73 Outperform | S$186.11M | 9.32 | 13.44% | 1.84% | 13.35% | 20.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | S$170.03M | 25.66 | 3.04% | 1.25% | 18.31% | 45.16% | |
48 Neutral | S$53.52M | ― | 0.99% | 2.50% | 20.81% | ― |
* Industrials Sector Average
SG:MR7
Nordic Group Limited
0.48
0.15
46.34%
SG:I07
ISDN Holdings Limited
0.38
0.02
4.46%
SG:BQM
Tiong Woon Corporation Holding Ltd
0.95
0.36
61.02%
SG:C06
CSC Holdings Limited
0.02
<0.01
50.00%
SG:L19
Lum Chang Holdings Limited
0.52
0.25
92.88%
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.