Northern Data AG

DB:NB2 Stock Report

Market Cap: €1.4b

Northern Data Future Growth

Future criteria checks 4/6

Northern Data is forecast to grow earnings and revenue by 98.1% and 16.9% per annum respectively. EPS is expected to grow by 100.4% per annum. Return on equity is forecast to be -8.1% in 3 years.

Key information

98.1%

Earnings growth rate

100.35%

EPS growth rate

Software earnings growth16.7%
Revenue growth rate16.9%
Future return on equity-8.10%
Analyst coverage

Good

Last updated09 Jul 2025

Recent future growth updates

Analysts Are Updating Their Northern Data AG (FRA:NB2) Estimates After Its Annual Results

Apr 02
Analysts Are Updating Their Northern Data AG (FRA:NB2) Estimates After Its Annual Results

Recent updates

Investors Appear Satisfied With Northern Data AG's (FRA:NB2) Prospects

Jul 21
Investors Appear Satisfied With Northern Data AG's (FRA:NB2) Prospects

Does This Valuation Of Northern Data AG (FRA:NB2) Imply Investors Are Overpaying?

Jun 24
Does This Valuation Of Northern Data AG (FRA:NB2) Imply Investors Are Overpaying?
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Taiga Cloud And NVIDIA Partnership Will Drive Market Transformation

Strategic expansion into AI and HPC, boosted by partnerships and technology, positions Northern Data to capture revenue growth in the generative AI market.

Analysts Are Updating Their Northern Data AG (FRA:NB2) Estimates After Its Annual Results

Apr 02
Analysts Are Updating Their Northern Data AG (FRA:NB2) Estimates After Its Annual Results

Northern Data AG's (FRA:NB2) Share Price Is Still Matching Investor Opinion Despite 37% Slump

Mar 31
Northern Data AG's (FRA:NB2) Share Price Is Still Matching Investor Opinion Despite 37% Slump

Is Northern Data AG (FRA:NB2) Potentially Undervalued?

Dec 22
Is Northern Data AG (FRA:NB2) Potentially Undervalued?

Statutory Earnings May Not Be The Best Way To Understand Northern Data's (FRA:NB2) True Position

Sep 07
Statutory Earnings May Not Be The Best Way To Understand Northern Data's (FRA:NB2) True Position

Northern Data AG (FRA:NB2) Is About To Turn The Corner

May 07
Northern Data AG (FRA:NB2) Is About To Turn The Corner

We Might See A Profit From Northern Data AG (FRA:NB2) Soon

Jan 14
We Might See A Profit From Northern Data AG (FRA:NB2) Soon

Earnings and Revenue Growth Forecasts

DB:NB2 - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2027573261232303
12/31/2026554241732046
12/31/2025486-67112763
12/31/2024200-127-1,047-58N/A
12/31/202378-151-116-18N/A
12/31/2022193-266-1001N/A
12/31/2021190287-11388N/A
12/31/202016-84-35183N/A
9/30/202013-66-3584N/A
6/30/202010-46N/AN/AN/A
3/31/202010-28N/AN/AN/A
12/31/201910-9-7-6N/A
9/30/20197-9N/AN/AN/A
6/30/20193-8N/AN/AN/A
3/31/20193-7N/AN/AN/A
12/31/20183-6N/AN/AN/A
9/30/20182-4N/AN/AN/A
6/30/20181-2N/AN/AN/A
3/31/20181-1N/AN/AN/A
12/31/20170-1N/AN/AN/A
12/31/20160-1N/AN/AN/A
12/31/2015N/A-1N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NB2 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.3%).

Earnings vs Market: NB2 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NB2 is expected to become profitable in the next 3 years.

Revenue vs Market: NB2's revenue (16.9% per year) is forecast to grow faster than the German market (6.1% per year).

High Growth Revenue: NB2's revenue (16.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NB2 is forecast to be unprofitable in 3 years.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/03 01:31
End of Day Share Price 2025/08/01 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

Northern Data AG is covered by 9 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Peter RothenaicherBaader Helvea Equity Research
Michael RoostBaader Helvea Equity Research
Gerhard OrgonasBerenberg