Nordic Semiconductor ASA

OB:NOD Stock Report

Market Cap: NOK 32.4b

Nordic Semiconductor Valuation

Is NOD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NOD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NOK 72.19
Fair Value
123.7% overvalued intrinsic discount
12
Number of Analysts

Below Fair Value: NOD (NOK164.5) is trading above our estimate of fair value (NOK76.31)

Significantly Below Fair Value: NOD is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NOD?

Key metric: As NOD is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NOD. This is calculated by dividing NOD's market cap by their current revenue.
What is NOD's PS Ratio?
PS Ratio5.1x
SalesUS$628.11m
Market CapUS$3.20b

Price to Sales Ratio vs Peers

How does NOD's PS Ratio compare to its peers?

The above table shows the PS ratio for NOD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average17.3x
LOKO Lokotech Group
47xn/aNOK 420.2m
688536 3Peak
13x27.26%CN¥21.6b
6415 Silergy
5.2x16.73%NT$96.5b
SIMO Silicon Motion Technology
3.8x14.95%US$3.2b
NOD Nordic Semiconductor
5.1x11.61%NOK 32.4b

Price-To-Sales vs Peers: NOD is good value based on its Price-To-Sales Ratio (5.1x) compared to the peer average (17.3x).

Price to Sales Ratio vs Industry

How does NOD's PS Ratio compare vs other companies in the European Semiconductor Industry?

12 CompaniesPrice / SalesEstimated GrowthMarket Cap
NOD 5.1xIndustry Avg. 2.3xNo. of Companies12PS0246810+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: NOD is expensive based on its Price-To-Sales Ratio (5.1x) compared to the European Semiconductor industry average (2.4x).

Price to Sales Ratio vs Fair Ratio

What is NOD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NOD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.1x
Fair PS Ratio1.5x

Price-To-Sales vs Fair Ratio: NOD is expensive based on its Price-To-Sales Ratio (5.1x) compared to the estimated Fair Price-To-Sales Ratio (1.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NOD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 164.50
NOK 145.74
-11.40%
21.28%NOK 200.00NOK 109.00n/a12
Oct ’26NOK 157.80
NOK 142.41
-9.76%
18.88%NOK 190.00NOK 109.00n/a12
Sep ’26NOK 162.20
NOK 138.65
-14.52%
20.75%NOK 190.00NOK 109.00n/a12
Aug ’26NOK 141.00
NOK 124.68
-11.58%
20.10%NOK 167.00NOK 95.00n/a11
Jul ’26NOK 132.00
NOK 119.95
-9.13%
19.20%NOK 165.00NOK 95.00n/a11
Jun ’26NOK 125.10
NOK 131.04
+4.75%
20.35%NOK 171.00NOK 95.00n/a12
May ’26NOK 102.50
NOK 137.51
+34.16%
18.70%NOK 171.00NOK 100.00n/a11
Apr ’26NOK 126.20
NOK 150.97
+19.62%
12.70%NOK 174.00NOK 127.00n/a11
Mar ’26NOK 137.45
NOK 147.85
+7.57%
14.90%NOK 174.00NOK 116.36n/a11
Feb ’26NOK 114.00
NOK 127.76
+12.07%
16.45%NOK 157.00NOK 85.00n/a11
Jan ’26NOK 100.45
NOK 126.53
+25.97%
17.12%NOK 157.00NOK 85.00n/a10
Dec ’25NOK 98.94
NOK 130.03
+31.43%
20.47%NOK 180.00NOK 85.00n/a10
Nov ’25NOK 108.25
NOK 133.21
+23.06%
21.53%NOK 182.00NOK 85.00n/a11
Oct ’25NOK 99.90
NOK 142.13
+42.27%
19.90%NOK 182.00NOK 95.00NOK 157.8012
Sep ’25NOK 143.40
NOK 159.97
+11.55%
16.64%NOK 187.00NOK 110.00NOK 162.2012
Aug ’25NOK 141.15
NOK 151.17
+7.10%
20.87%NOK 191.00NOK 100.00NOK 141.0012
Jul ’25NOK 141.25
NOK 130.83
-7.38%
14.27%NOK 161.00NOK 100.00NOK 132.0012
Jun ’25NOK 134.50
NOK 127.08
-5.52%
13.02%NOK 160.00NOK 100.00NOK 125.1012
May ’25NOK 123.50
NOK 127.08
+2.90%
13.02%NOK 160.00NOK 100.00NOK 102.5012
Apr ’25NOK 85.80
NOK 102.03
+18.92%
15.16%NOK 127.00NOK 80.00NOK 126.2011
Mar ’25NOK 92.80
NOK 102.03
+9.95%
15.16%NOK 127.00NOK 80.00NOK 137.4511
Feb ’25NOK 105.80
NOK 112.80
+6.61%
28.45%NOK 195.00NOK 89.00NOK 114.0011
Jan ’25NOK 126.00
NOK 107.52
-14.66%
18.94%NOK 145.00NOK 89.00NOK 100.4511
Dec ’24NOK 98.76
NOK 105.52
+6.85%
17.39%NOK 145.00NOK 89.00NOK 98.9411
Nov ’24NOK 86.88
NOK 108.16
+24.49%
16.51%NOK 145.00NOK 90.00NOK 108.2511
Oct ’24NOK 111.05
NOK 133.72
+20.41%
20.78%NOK 180.00NOK 95.60NOK 99.9012
NOK 142.41
Fair Value
13.4% overvalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/10 12:30
End of Day Share Price 2025/10/10 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nordic Semiconductor ASA is covered by 30 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Markus BjerkeArctic Securities ASA
Simon Alexander ColesBarclays