Nordic Group Limited (MR7) AI Stock Analysis

• Market Cap: S$151.22M
• Dividend Yield: 2.12%
• Average Volume (3M): 142.57K
• Price to Earnings (P/E): 9.0
• Beta (1Y): 0.55
• Revenue Growth: 13.35%
• EPS Growth: 20.00%
• Country: SG
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.02
• Shares Outstanding: 400,000,000
• 10 Day Avg. Volume: 106,940
• 30 Day Avg. Volume: 142,570
• PEG Ratio: 0.82
• Price to Book (P/B): 1.08
• Price to Sales (P/S): 0.88
• P/FCF Ratio: 10.00
• 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: S$0.50
• Price Target Upside: 28.21% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 64 Neutral
• Price Target: S$0.50 ▲(28.21% Upside)

Nordic Group Limited's overall stock score reflects its strong financial performance, characterized by stable profitability and robust cash flow generation. The stock's technical indicators suggest a bearish trend, but the low RSI indicates potential for a reversal. The valuation appears attractive with a low P/E ratio, offering room for price appreciation. The absence of earnings call and corporate events data limits additional insights.

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; and cleanroom, air, and water engineering. The company turns systems into solutions by providing flow, automation, and navigation solutions. It also offers engineering, procurement, installation, and commissioning for conversion, upgrading, and factory and infrastructure automation services, as well as after-sales support service; thermal, cryogenic, acoustic, clean room insulation, thermal spray aluminum, and passive fireproofing service; and scaffolding services, including design, erection, modification, and dismantling, as well as sells and rents tubular frame and aluminum scaffold. In addition, the company designs and builds tooling system, as well as provides turnkey production solutions; and offers pre and post commissioning cleaning, heat exchanger and tank cleaning, process plant recovery work, temporary intervention activities, turnaround work and support, decontamination service, temporary equipment support, product filtering, and support in operation of utility plants service. Further, it provides holistic suite of service in facilities engineering service, maintenance, engineering, project management and construction for air pollution control system, and water and waste treatment system. Additionally, the company manufactures aircraft component and hydraulic actuator; and integrates, assembles, trades in, imports, and exports hydraulic systems and marine components. It serves marine, oil and gas, infrastructure, construction, semiconductor, power plant and municipality, petrochemical, manufacturing, and pharmaceutical industries in Singapore, China, Malaysia, the Middles East, and the United States. The company was founded in 1998 and is headquartered in Singapore.

How the Company Makes Money

Nordic Group Limited generates revenue through a diversified portfolio of services that includes engineering consultancy, project management, and maintenance services for industrial clients. Key revenue streams come from long-term contracts with major oil and gas companies, as well as one-off project contracts in marine and infrastructure development. The company benefits from strategic partnerships with technology providers and industry leaders, which enhance its service offerings and market reach. Additionally, Nordic Group Limited capitalizes on its expertise in project execution to secure repeat business and new contracts, contributing significantly to its overall earnings.

Nordic Group Limited Financial Statement Overview

Summary

Nordic Group Limited demonstrates solid financial health with stable profitability, prudent leverage, and effective cash flow management. While revenue growth has been a challenge, the company's profitability and cash generation remain strengths. The balance sheet reflects strong equity positioning, supporting future growth opportunities, although attention to revenue trends is necessary to sustain momentum.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	183.01M	158.39M	160.64M	162.76M	103.06M	80.79M
Gross Profit	39.09M	36.67M	36.41M	45.75M	27.51M	17.96M
EBITDA	21.37M	29.88M	28.31M	31.77M	19.06M	12.24M
Net Income	17.34M	17.51M	15.98M	20.67M	13.88M	5.48M
Balance Sheet
Total Assets	247.74M	234.81M	265.58M	237.81M	192.27M	168.05M
Cash, Cash Equivalents and Short-Term Investments	56.72M	43.44M	73.74M	55.91M	75.34M	57.51M
Total Debt	85.45M	65.53M	102.12M	77.98M	63.65M	49.56M
Total Liabilities	124.18M	105.00M	148.11M	127.79M	94.63M	79.21M
Stockholders Equity	123.56M	129.80M	117.47M	110.02M	97.64M	88.84M
Cash Flow
Free Cash Flow	24.89M	13.98M	10.18M	34.12M	9.20M	17.10M
Operating Cash Flow	26.75M	15.98M	11.29M	35.00M	9.92M	17.97M
Investing Cash Flow	-10.85M	-3.09M	-5.20M	-52.54M	-575.00K	-623.00K
Financing Cash Flow	-6.68M	-46.65M	14.96M	-4.46M	8.07M	-2.46M

Nordic Group Limited Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:MR7, the sentiment is Neutral. The current price of 0.39 is below the 20-day moving average (MA) of 0.42, below the 50-day MA of 0.41, and above the 200-day MA of 0.35, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 31.54 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	75 Outperform	S$178.82M	9.29	6.08%	0.78%	14.25%	5.61%
MR7	64 Neutral	S$151.22M	9.03	13.44%	2.12%	13.35%	20.00%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
C06	59 Neutral	S$64.22M	36.00	2.33%	1.94%	10.64%	―
I07	52 Neutral	S$172.29M	28.15	3.04%	1.19%	18.31%	45.16%

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.