Nordnet Future Growth

Future criteria checks 2/6

Nordnet is forecast to grow earnings and revenue by 4.9% and 2.3% per annum respectively. EPS is expected to grow by 5.1% per annum. Return on equity is forecast to be 32.5% in 3 years.

Key information

4.9%

Earnings growth rate

5.1%

EPS growth rate

Capital Markets earnings growth	10.2%
Revenue growth rate	2.3%
Future return on equity	32.5%
Analyst coverage	Good
Last updated	19 Sep 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

BST:9JL - Analysts future estimates and past financials data (SEK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	5,375	2,967	2,871	3,867	8
12/31/2025	5,035	2,759	2,683	3,625	9
12/31/2024	5,048	2,795	1,345	2,326	9
6/30/2024	5,420	2,672	-1,849	-1,597	N/A
3/31/2024	5,178	2,520	-5,538	-5,306	N/A
12/31/2023	5,061	2,457	-12,815	-12,598	N/A
9/30/2023	4,857	2,312	-16,241	-16,046	N/A
6/30/2023	4,530	2,070	-12,464	-12,287	N/A
3/31/2023	4,219	1,726	-7,198	-7,031	N/A
12/31/2022	4,010	1,587	6,333	6,493	N/A
9/30/2022	3,942	1,550	13,179	13,339	N/A
6/30/2022	3,931	1,567	18,259	18,412	N/A
3/31/2022	4,063	1,777	16,333	16,490	N/A
12/31/2021	4,334	1,947	13,445	13,612	N/A
9/30/2021	4,231	1,772	10,796	10,947	N/A
6/30/2021	4,041	1,640	1,910	2,055	N/A
3/31/2021	3,820	1,502	-7,060	-6,928	N/A
12/31/2020	3,230	1,137	11,796	11,899	N/A
9/30/2020	2,760	912	11,777	11,939	N/A
6/30/2020	2,455	716	15,099	15,236	N/A
3/31/2020	2,113	487	23,031	23,647	N/A
12/31/2019	1,826	313	1,902	2,536	N/A
9/30/2019	1,591	290	2,332	2,917	N/A
6/30/2019	1,515	244	993	1,613	N/A
3/31/2019	1,451	207	2,885	3,046	N/A
12/31/2018	1,375	118	3,317	3,513	N/A
9/30/2018	1,388	89	1,373	1,644	N/A
6/30/2018	1,363	106	1,848	2,040	N/A
3/31/2018	1,338	117	N/A	2,131	N/A
12/31/2017	1,325	167	N/A	2,585	N/A
9/30/2017	1,327	249	N/A	3,786	N/A
6/30/2017	1,320	274	N/A	1,310	N/A
3/31/2017	1,317	306	N/A	2,154	N/A
12/31/2016	1,287	297	N/A	3,889	N/A
9/30/2016	1,279	298	N/A	-51	N/A
6/30/2016	1,284	304	N/A	2,473	N/A
3/31/2016	1,298	322	N/A	1,698	N/A
12/31/2015	1,330	358	N/A	2,545	N/A
9/30/2015	1,383	351	N/A	5,457	N/A
6/30/2015	1,331	336	N/A	4,921	N/A
3/31/2015	1,258	309	N/A	4,237	N/A
12/31/2014	1,184	278	N/A	3,342	N/A
9/30/2014	1,179	262	N/A	2,858	N/A
6/30/2014	1,162	260	N/A	4,283	N/A
3/31/2014	1,137	256	N/A	3,632	N/A
12/31/2013	1,097	235	N/A	1,929	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9JL's forecast earnings growth (4.9% per year) is above the savings rate (0.8%).

Earnings vs Market: 9JL's earnings (4.9% per year) are forecast to grow slower than the German market (20% per year).

High Growth Earnings: 9JL's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9JL's revenue (2.3% per year) is forecast to grow slower than the German market (5.5% per year).

High Growth Revenue: 9JL's revenue (2.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 9JL's Return on Equity is forecast to be high in 3 years time (32.5%)

Nordnet Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Recent updates

Now 21% overvalued after recent price rise

New minor risk - Insider selling

Chief Executive Officer recently sold €5.1m worth of stock

Now 20% overvalued after recent price rise

Second quarter 2024 earnings released: EPS: kr2.86 (vs kr2.27 in 2Q 2023)

Chief Financial Officer recently sold €682k worth of stock

Now 21% overvalued after recent price rise

Nordnet AB (publ) Approves Dividend, Expects to Be Distributed on 7 May 2024

Now 21% overvalued after recent price rise

Upcoming dividend of kr7.20 per share

Now 11% overvalued after recent price rise

Upcoming dividend of kr7.20 per share

Nordnet AB (publ) Announces Executive Changes, Effective 1 May 2024

Full year 2023 earnings released: EPS: kr9.83 (vs kr6.36 in FY 2022)

Independent Director recently sold €355k worth of stock

Nordnet AB (Publ) Leaves Gustaf Unger as Board of Directors

Insider recently sold €645k worth of stock

Dividend of kr7.20 announced

Full year 2023 earnings released: EPS: kr9.83 (vs kr6.36 in FY 2022)

Insider recently sold €312k worth of stock

Independent Director recently sold €430k worth of stock

Third quarter 2023 earnings released: EPS: kr2.64 (vs kr1.54 in 3Q 2022)

Now 21% undervalued

Nordnet Launches Mutual Fund Nordnet Index Global 125

Nordnet AB (publ) to Report First Half, 2024 Results on Jul 23, 2024

Now 21% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: kr2.27 (vs kr0.89 in 2Q 2022)

Nordnet AB (publ) to Report Fiscal Year 2023 Results on Jan 31, 2024

Upcoming dividend of kr4.60 per share at 2.6% yield

Full year 2022 earnings released: EPS: kr6.36 (vs kr7.79 in FY 2021)

Deputy CEO & Chief Product Officer recently bought €142k worth of stock

Insider recently sold €721k worth of stock

Insider recently sold €1.6m worth of stock

Nordnet AB (publ) (OM:SAVE) entered into an agreement to acquire Consumer fiber operator business of Netgem.

Full year 2022 earnings released: EPS: kr6.62 (vs kr7.79 in FY 2021)

Chief Financial Officer recently sold €350k worth of stock

Independent Chairman of the Board recently bought €14m worth of stock

High number of new directors

Investor sentiment improved over the past week

High number of new directors

Nordnet AB (publ) to Report Nine Months, 2023 Results on Oct 24, 2023

Third quarter 2022 earnings released: EPS: kr1.60 (vs kr1.60 in 3Q 2021)

Nordnet AB (publ) to Report First Half, 2022 Results on Jul 25, 2023

Investor sentiment deteriorated over the past week

Nordnet AB (publ), Annual General Meeting, Apr 18, 2023

Nordnet AB (publ) to Report Q1, 2023 Results on Apr 25, 2023

Second quarter 2022 earnings released: EPS: kr0.95 (vs kr1.73 in 2Q 2021)

Chief Financial Officer recently sold €435k worth of stock

Independent Chairman of the Board recently bought €345k worth of stock

First quarter 2022 earnings released: EPS: kr1.95 (vs kr2.63 in 1Q 2021)

Upcoming dividend of kr5.56 per share

Nordnet AB (Publ) Announces Jan Dinkelspiel Not Available for Re-Election for Board

Nordnet's Fund Company Receives Its License from the FSA

Chief Financial Officer recently sold €454k worth of stock

Investor sentiment deteriorated over the past week

Independent Director recently sold €1.2m worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Nordnet AB (publ) to Report Nine Months, 2022 Results on Oct 28, 2022

Independent Chairman of the Board recently bought €289k worth of stock

Nordnet AB (publ) Proposes Dividend for the Year 2021

Insider recently sold €1.1m worth of stock

Nordnet AB (Publ) Announces Additional Dividends for the Year 2020, Payable on 21 December 2021

Upcoming dividend of kr1.77 per share

Third quarter 2021 earnings released: EPS kr1.64 (vs kr1.07 in 3Q 2020)

Second quarter 2021 earnings released: EPS kr1.73 (vs kr1.17 in 2Q 2020)

Independent Director has left the company

Nordnet AB (Publ) Approves Dividend, Payable on 6 May 2021

Full year 2020 earnings released: EPS kr4.55 (vs kr1.25 in FY 2019)

Full year 2020 earnings released: EPS kr4.69

Nordnet AB (publ) to Report Fiscal Year 2020 Final Results on Mar 24, 2021

Investor sentiment improved over the past week

Nordnet AB (publ) has completed an IPO in the amount of SEK 9.024 billion.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts