Nordic Group Limited (MR7) AI Stock Analysis

• Market Cap: S$160.91M
• Dividend Yield: 4.17%
• Average Volume (3M): 145.93K
• Price to Earnings (P/E): 9.5
• Beta (1Y): 0.38
• Revenue Growth: -1.41%
• EPS Growth: 9.50%
• Country: SG
• Employees: N/A
• Sector: Industrials
• Sector Strength: 93
• Industry: Engineering & Construction
• EPS (TTM): 0.02
• Shares Outstanding: 400,000,000
• 10 Day Avg. Volume: 280,590
• 30 Day Avg. Volume: 145,933
• PEG Ratio: -0.43
• Price to Book (P/B): 1.20
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.67
• 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: S$0.50
• Price Target Upside: 28.21% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 72 Outperform
• 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 Business Overview & Revenue Model

Company Description

Nordic 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 Money

Nordic 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

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

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

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	158.39M	160.64M	162.76M	103.06M	80.79M
Gross Profit	36.67M	36.41M	45.75M	27.80M	17.96M
EBITDA	29.88M	28.31M	30.49M	19.23M	12.62M
Net Income	17.51M	15.98M	20.67M	13.88M	5.48M
Balance Sheet
Total Assets	234.81M	265.58M	237.81M	192.27M	168.05M
Cash, Cash Equivalents and Short-Term Investments	44.91M	73.74M	53.03M	75.34M	57.51M
Total Debt	65.53M	102.12M	77.98M	63.65M	49.56M
Total Liabilities	105.00M	148.11M	127.79M	94.63M	79.21M
Stockholders Equity	129.80M	117.47M	110.02M	97.64M	88.84M
Cash Flow
Free Cash Flow	13.98M	10.18M	34.12M	9.20M	17.10M
Operating Cash Flow	15.98M	11.29M	35.00M	9.92M	17.97M
Investing Cash Flow	-4.39M	-5.20M	-52.54M	-575.00K	-623.00K
Financing Cash Flow	-43.64M	14.96M	-4.46M	8.07M	-2.46M

Nordic Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.39
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BQM	79 Outperform	S$185.79M	9.51	6.28%	0.72%	1.01%	1.33%
MR7	72 Outperform	S$160.91M	9.47	14.17%	4.17%	-1.41%	9.50%
Sector *	66 Neutral	$2.74B	13.97	10.02%	4.01%	-1.82%	30.90%
I07	65 Neutral	S$163.74M	19.11	4.17%	1.22%	8.98%	70.54%
C06	53 Neutral	S$49.95M	28.00	2.33%	―	10.64%	―

Nordic Group Limited Corporate Events

Nordic Group Secures S$48.7 Million in New Contracts

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

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.