Norva24 Group AB (Publ)

OM:NORVA Stock Report

Market Cap: SEK 6.7b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Norva24 Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: NORVA (SEK36.6) is trading below our estimate of fair value (SEK66.7)

Significantly Below Future Cash Flow Value: NORVA is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As NORVA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NORVA. This is calculated by dividing NORVA's market cap by their current earnings.
What is NORVA's PE Ratio?
PE Ratio40.3x
EarningsNOK 176.80m
Market CapNOK 7.13b

Price to Earnings Ratio vs Peers

How does NORVA's PE Ratio compare to its peers?

The above table shows the PE ratio for NORVA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.5x
SDIP B Sdiptech
n/a58.37%SEK 9.2b
GREEN Green Landscaping Group
12x26.35%SEK 1.6b
SVIK Studsvik
53.5x12.84%SEK 1.8b
ITAB ITAB Group
23.1x42.04%SEK 3.7b
NORVA Norva24 Group
40.3x20.88%SEK 6.7b

Price-To-Earnings vs Peers: NORVA is good value based on its Price-To-Earnings Ratio (40.3x) compared to the peer average (43.4x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does NORVA's PE Ratio compare vs other companies in the European Commercial Services Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NORVA 40.3xIndustry Avg. 15.7xNo. of Companies16PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NORVA is expensive based on its Price-To-Earnings Ratio (40.3x) compared to the European Commercial Services industry average (15.3x).

Price to Earnings Ratio vs Fair Ratio

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

NORVA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.3x
Fair PE Ratio24.2x

Price-To-Earnings vs Fair Ratio: NORVA is expensive based on its Price-To-Earnings Ratio (40.3x) compared to the estimated Fair Price-To-Earnings Ratio (24.2x).

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 NORVA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 34.50
0%
6.74%SEK 36.50SEK 30.00n/a5
Jun ’27n/a
SEK 34.50
0%
6.74%SEK 36.50SEK 30.00n/a5
May ’27n/a
SEK 34.50
0%
6.74%SEK 36.50SEK 30.00n/a5
Apr ’27n/a
SEK 34.50
0%
6.74%SEK 36.50SEK 30.00n/a5
Mar ’27n/a
SEK 34.50
0%
6.74%SEK 36.50SEK 30.00n/a5
Feb ’27n/a
SEK 34.50
0%
6.74%SEK 36.50SEK 30.00n/a5
Jan ’27n/a
SEK 34.50
0%
6.74%SEK 36.50SEK 30.00n/a5
Dec ’26n/a
SEK 34.50
0%
6.74%SEK 36.50SEK 30.00n/a5
Nov ’26n/a
SEK 34.50
0%
6.74%SEK 36.50SEK 30.00n/a5
Oct ’26n/a
SEK 34.50
0%
6.74%SEK 36.50SEK 30.00n/a5
Sep ’26n/a
SEK 34.50
0%
6.74%SEK 36.50SEK 30.00n/a5
Aug ’26n/a
SEK 34.50
0%
6.74%SEK 36.50SEK 30.00n/a5
Jul ’26n/a
SEK 34.50
0%
6.74%SEK 36.50SEK 30.00n/a5
Jun ’26SEK 36.00
SEK 34.50
-4.17%
6.74%SEK 36.50SEK 30.00n/a5
May ’26SEK 36.35
SEK 34.50
-5.09%
6.74%SEK 36.50SEK 30.00n/a5
Apr ’26SEK 36.25
SEK 34.50
-4.83%
6.74%SEK 36.50SEK 30.00n/a5
Mar ’26SEK 24.85
SEK 34.60
+39.24%
6.98%SEK 37.00SEK 30.00n/a5
Feb ’26SEK 24.85
SEK 35.20
+41.65%
6.33%SEK 37.00SEK 31.00n/a5
Jan ’26SEK 26.40
SEK 35.40
+34.09%
6.59%SEK 37.00SEK 31.00n/a5
Dec ’25SEK 28.70
SEK 35.40
+23.34%
6.59%SEK 37.00SEK 31.00n/a5
Nov ’25SEK 31.20
SEK 37.00
+18.59%
4.52%SEK 39.00SEK 34.00n/a5
Oct ’25SEK 29.10
SEK 37.00
+27.15%
4.52%SEK 39.00SEK 34.00n/a5
Sep ’25SEK 31.25
SEK 36.80
+17.76%
4.68%SEK 39.00SEK 34.00n/a5
Aug ’25SEK 30.65
SEK 35.00
+14.19%
8.67%SEK 38.00SEK 30.00n/a5
Jul ’25SEK 29.60
SEK 34.25
+15.71%
8.61%SEK 37.00SEK 30.00n/a4
Jun ’25SEK 29.95
SEK 33.75
+12.69%
9.69%SEK 37.00SEK 30.00SEK 36.004
SEK 34.5
Fair Value
6.1% overvalued intrinsic discount
5
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/07 00:46
End of Day Share Price 2025/05/07 00:00
Earnings2024/12/31
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

Norva24 Group AB (Publ) is covered by 1 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Karl-Johan BonnevierDNB Carnegie