NOBA Bank Group (ZR5) Stock Overview

Provides financial and banking products and services in Sweden, Norway, Finland, Denmark, Germany, Spain, Ireland, and the Netherlands. More details

ZR5 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	5/6
Financial Health	4/6
Dividends	0/6

Rewards

Price-To-Earnings ratio (16x) is below the German market (18.4x)

Earnings grew by 97.4% over the past year

Risk Analysis

Shares are highly illiquid

ZR5 Community Fair Values

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NOBA Bank Group AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for NOBA Bank Group
Historical stock prices
Current Share Price	SEK 8.19
52 Week High	SEK 8.98
52 Week Low	SEK 7.84
Beta	0
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	2.43%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	ZR5	DE Banks	DE Market
7D	2.4%	0.6%	2.7%
1Y	n/a	52.1%	14.5%

Return vs Industry: Insufficient data to determine how ZR5 performed against the German Banks industry.

Return vs Market: Insufficient data to determine how ZR5 performed against the German Market.

Price Volatility

Is ZR5's price volatile compared to industry and market?
ZR5 volatility
ZR5 Average Weekly Movement	n/a
Banks Industry Average Movement	3.2%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	12.2%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: ZR5's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine ZR5's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2003	677	Carl Lundblad	www.noba.bank

NOBA Bank Group AB (publ) provides financial and banking products and services in Sweden, Norway, Finland, Denmark, Germany, Spain, Ireland, and the Netherlands. The company operates through three brands namely, Nordax Bank, Bank Norwegian and Svensk Hypotekspension. The company’s services include private loans, credit cards, specialist mortgages, equity release mortgages, cross-border lending, and deposits for retail customers.

NOBA Bank Group AB (publ) Fundamentals Summary

How do NOBA Bank Group's earnings and revenue compare to its market cap?
ZR5 fundamental statistics
Market cap	€4.26b
Earnings (TTM)	€265.76m
Revenue (TTM)	€599.00m

16.0x

P/E Ratio

2.0x

P/B Ratio

Is ZR5 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ZR5 income statement (TTM)
Revenue	SEK 6.59b
Cost of Revenue	SEK 0
Gross Profit	SEK 6.59b
Other Expenses	SEK 3.66b
Earnings	SEK 2.92b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Nov 11, 2025

Earnings per share (EPS)	5.84
Gross Margin	100.00%
Net Profit Margin	44.37%
Debt/Equity Ratio	94.2%

How did ZR5 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/03 16:40
End of Day Share Price	2025/10/03 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

NOBA Bank Group AB (publ) is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.