NTG Nordic Transport Group Future Growth
Future criteria checks 3/6
NTG Nordic Transport Group is forecast to grow earnings and revenue by 19.9% and 3.4% per annum respectively. EPS is expected to grow by 24.9% per annum. Return on equity is forecast to be 23.9% in 3 years.
Key information
19.9%
Earnings growth rate
24.89%
EPS growth rate
| Transportation earnings growth | 9.5% |
| Revenue growth rate | 3.4% |
| Future return on equity | 23.86% |
| Analyst coverage | Low |
| Last updated | 18 Aug 2026 |
Recent future growth updates
Analysis Article • Nov 13
Earnings Miss: NTG Nordic Transport Group A/S Missed EPS By 28% And Analysts Are Revising Their Forecasts
NTG Nordic Transport Group A/S ( CPH:NTG ) came out with its third-quarter results last week, and we wanted to see how...Analysis Article • Aug 14
NTG Nordic Transport Group A/S (CPH:NTG) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates
CPSE:NTG 1 Year Share Price vs Fair Value Explore NTG Nordic Transport Group's Fair Values from the Community and...Analysis Article • May 15
Analysts Are Updating Their NTG Nordic Transport Group A/S (CPH:NTG) Estimates After Its First-Quarter Results
Shareholders might have noticed that NTG Nordic Transport Group A/S ( CPH:NTG ) filed its first-quarter result this...Recent updates
Narrative Update • Jul 28
NTG: Updated Assumptions And Investor Day Will Support Future Upside Potential
The analyst price target for NTG Nordic Transport Group has been updated from DKK 288.67 to DKK 313.00, with analysts attributing the change to adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News NTG Nordic Transport Group plans to host an Analyst and Investor Day, described as “NTG Nordic Transport Group A/S - Analyst/Investor Day.” The scheduled Analyst and Investor Day is flagged as a key corporate event for NTG Nordic Transport Group, aimed at providing updates directly to the investment community.
Narrative Update • Jun 18
NTG: Higher Assumed Future P/E Will Support Long Term Returns
Analysts now place their price target for NTG Nordic Transport Group at DKK 265, up from DKK 222, citing updated assumptions on revenue growth, profit margins, and a higher future P/E multiple as the key drivers of the change. What’s in the News for NTG Nordic Transport Group NTG Nordic Transport Group plans an Analyst and Investor Day, giving current and potential shareholders a chance to hear directly from management about the business and capital allocation priorities.Narrative Update • Jun 03
NTG: Buybacks And Capital Flexibility Will Support Balanced Long Term Returns
Analysts have kept their DKK 222.00 price target for NTG Nordic Transport Group unchanged, citing updated assumptions that include a slightly higher discount rate, more conservative revenue growth, a modest uplift in profit margin, and a small adjustment to the future P/E multiple. What's in the News NTG Nordic Transport Group is holding an Analyst/Investor Day, giving management a platform to update the market on the business and capital allocation plans.Narrative Update • May 10
NTG: Share Buybacks And Capital Flexibility Will Support Future Upside Potential
Analysts now set their price target for NTG Nordic Transport Group at DKK 288.67, down from DKK 309. This reflects updated views on fair value, a slightly higher discount rate and more cautious assumptions for revenue growth and profit margins, partly offset by a modestly higher future P/E.Narrative Update • Apr 23
NTG: Share Buybacks And Capital Flexibility Will Support Future Upside Potential
Analysts have maintained their DKK 222.0 price target for NTG Nordic Transport Group, noting only minor adjustments to discount rate, revenue growth, profit margin and future P/E assumptions that leave their overall valuation view broadly unchanged. What's in the News Shareholders approved a renewal and consolidation of authorisations that allow the Board of Directors to increase NTG Nordic Transport Group’s share capital by up to DKK 90,597,620 through cash payments or contributions in kind, without pre-emption rights for existing shareholders, valid until 27 March 2031 (AGM / Articles of Association).Narrative Update • Apr 09
NTG: Share Repurchases And Capital Flexibility Will Support Future Upside Potential
The analyst price target for NTG Nordic Transport Group has been revised to DKK 222, with analysts linking the unchanged fair value to slightly adjusted assumptions for revenue growth, profit margins and a higher future P/E multiple. What's in the News At the Annual General Meeting on March 27, 2026, shareholders approved a renewal and consolidation of the Board of Directors' authorisations to increase NTG Nordic Transport Group's share capital, now gathered in a new Article 4.1 in the Articles of Association, with a total authorisation of up to a nominal DKK 90,597,620 without pre-emption rights for existing shareholders (Key Developments).
Narrative Update • Mar 05
NTG: Lower Discount Rate And Higher Future P/E Will Support Upside
Analysts now see NTG Nordic Transport Group's fair value at DKK 370, up from DKK 345. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E levels.Narrative Update • Feb 19
NTG: New CFO Appointment Will Support Transformation And Signal Future Share Upside
Analysts have adjusted their price target on NTG Nordic Transport Group to DKK222. This reflects updated assumptions for the discount rate, revenue growth, profit margin and a slightly lower future P/E multiple.Narrative Update • Feb 05
NTG: New CFO Appointment Will Support Transformation And Signal Future Share Upside
Analysts have maintained their price target on NTG Nordic Transport Group at €222.0, citing only slight adjustments to discount rates, revenue growth assumptions, profit margin forecasts and future P/E expectations. What's in the News NTG Nordic Transport Group A/S appointed Tinneke Torpe as the new Group Chief Financial Officer, with the role effective no later than 1 April 2026.Narrative Update • Jan 21
NTG: New CFO Appointment Will Support Transformation And Future Share Upside
Analysts have maintained their price target for NTG Nordic Transport Group at DKK 222 per share, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E that offset each other overall. What's in the News NTG Nordic Transport Group A/S has appointed Tinneke Torpe as its new Group Chief Financial Officer, with the role effective no later than 1 April 2026 (Key Developments).Narrative Update • Jan 07
NTG: New Finance Leadership Will Support Long Term Earnings Quality
Analysts have lowered their price target for NTG Nordic Transport Group from DKK 400 to about DKK 345, reflecting updated assumptions for revenue growth, profit margins, the discount rate, and the future P/E multiple. What's in the News NTG Nordic Transport Group A/S appointed Tinneke Torpe as the new Group Chief Financial Officer, effective no later than 1 April 2026, bringing experience across Business Finance, Accounting, IT & Digitalisation, and Legal from TP Aerospace Group, A.P. Moller, Maersk Group, and FLSmidth (company announcement).Narrative Update • Dec 14
NTG: New CFO Appointment Will Strengthen Transformation And Support Future Profitability
Analysts have trimmed their price target on NTG Nordic Transport Group to approximately DKK 222 from about DKK 234. This reflects slightly lower assumptions for revenue growth and profit margins, partially offset by a modestly higher expected future price earnings multiple and a reduced discount rate.Analysis Article • Nov 13
Earnings Miss: NTG Nordic Transport Group A/S Missed EPS By 28% And Analysts Are Revising Their Forecasts
NTG Nordic Transport Group A/S ( CPH:NTG ) came out with its third-quarter results last week, and we wanted to see how...Analysis Article • Nov 01
Is NTG Nordic Transport Group (CPH:NTG) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Sep 26
Investors Still Waiting For A Pull Back In NTG Nordic Transport Group A/S (CPH:NTG)
With a price-to-earnings (or "P/E") ratio of 20.3x NTG Nordic Transport Group A/S ( CPH:NTG ) may be sending bearish...Narrative Update • Sep 20
Digital Platforms And M&A Will Unlock Cost Savings
Despite a slight increase in consensus revenue growth forecasts, a lower future P/E suggests reduced earnings expectations, leading analysts to trim NTG Nordic Transport Group's fair value from DKK327.80 to DKK309.00. Valuation Changes Summary of Valuation Changes for NTG Nordic Transport Group The Consensus Analyst Price Target has fallen from DKK327.80 to DKK309.00.Analysis Article • Aug 18
There May Be Reason For Hope In NTG Nordic Transport Group's (CPH:NTG) Disappointing Earnings
The market for NTG Nordic Transport Group A/S' ( CPH:NTG ) shares didn't move much after it posted weak earnings...Analysis Article • Aug 14
NTG Nordic Transport Group A/S (CPH:NTG) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates
CPSE:NTG 1 Year Share Price vs Fair Value Explore NTG Nordic Transport Group's Fair Values from the Community and...Narrative Update • Aug 06
Digital Platforms And M&A Will Unlock Cost Savings
NTG Nordic Transport Group’s lower analyst price target reflects reduced expectations for both revenue growth and net profit margin, leading to a revised fair value of DKK332.58 from DKK362.74. Valuation Changes Summary of Valuation Changes for NTG Nordic Transport Group The Consensus Analyst Price Target has fallen from DKK362.74 to DKK332.58.Analysis Article • Aug 02
Here's Why NTG Nordic Transport Group (CPH:NTG) Can Manage Its Debt Responsibly
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Jul 09
At kr.206, Is NTG Nordic Transport Group A/S (CPH:NTG) Worth Looking At Closely?
While NTG Nordic Transport Group A/S ( CPH:NTG ) might not have the largest market cap around , it saw a double-digit...Analysis Article • May 15
Analysts Are Updating Their NTG Nordic Transport Group A/S (CPH:NTG) Estimates After Its First-Quarter Results
Shareholders might have noticed that NTG Nordic Transport Group A/S ( CPH:NTG ) filed its first-quarter result this...Analysis Article • Mar 08
NTG Nordic Transport Group A/S (CPH:NTG) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year
It's been a good week for NTG Nordic Transport Group A/S ( CPH:NTG ) shareholders, because the company has just...
New Narrative • Feb 09
Integrating Acquisitions Will Optimize Operations And Expand Market Share In Germany And Asia-Pacific
Strategic acquisitions and integrations in key regions aim to unlock synergies, enhance market positioning, and drive revenue and earnings growth.Analysis Article • Dec 18
NTG Nordic Transport Group A/S (CPH:NTG) Not Flying Under The Radar
NTG Nordic Transport Group A/S' ( CPH:NTG ) price-to-earnings (or "P/E") ratio of 17.7x might make it look like a sell...Analysis Article • Oct 19
Is Now The Time To Look At Buying NTG Nordic Transport Group A/S (CPH:NTG)?
NTG Nordic Transport Group A/S ( CPH:NTG ), might not be a large cap stock, but it saw a decent share price growth of...Analysis Article • Sep 13
What NTG Nordic Transport Group A/S' (CPH:NTG) P/E Is Not Telling You
With a median price-to-earnings (or "P/E") ratio of close to 15x in Denmark, you could be forgiven for feeling...Analysis Article • Aug 09
NTG Nordic Transport Group A/S Just Missed EPS By 10%: Here's What Analysts Think Will Happen Next
Shareholders might have noticed that NTG Nordic Transport Group A/S ( CPH:NTG ) filed its first-quarter result this...Analysis Article • Jun 08
Is It Too Late To Consider Buying NTG Nordic Transport Group A/S (CPH:NTG)?
NTG Nordic Transport Group A/S ( CPH:NTG ), might not be a large cap stock, but it saw a significant share price rise...Analysis Article • May 10
NTG Nordic Transport Group A/S Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
It's been a good week for NTG Nordic Transport Group A/S ( CPH:NTG ) shareholders, because the company has just...Analysis Article • Mar 15
This Is Why We Think NTG Nordic Transport Group A/S' (CPH:NTG) CEO Might Get A Pay Rise Approved By Shareholders
Key Insights NTG Nordic Transport Group will host its Annual General Meeting on 21st of March Total pay for CEO Michael...Analysis Article • Feb 26
NTG Nordic Transport Group (CPH:NTG) Has A Pretty Healthy Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Feb 06
Subdued Growth No Barrier To NTG Nordic Transport Group A/S' (CPH:NTG) Price
With a price-to-earnings (or "P/E") ratio of 17.3x NTG Nordic Transport Group A/S ( CPH:NTG ) may be sending bearish...Analysis Article • Nov 15
We Think NTG Nordic Transport Group (CPH:NTG) Can Stay On Top Of Its Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Oct 24
At kr.276, Is NTG Nordic Transport Group A/S (CPH:NTG) Worth Looking At Closely?
While NTG Nordic Transport Group A/S ( CPH:NTG ) might not be the most widely known stock at the moment, it saw...Analysis Article • Sep 18
NTG Nordic Transport Group A/S (CPH:NTG) Shares Could Be 45% Below Their Intrinsic Value Estimate
Key Insights The projected fair value for NTG Nordic Transport Group is kr.685 based on 2 Stage Free Cash Flow to...Analysis Article • Jul 29
Is NTG Nordic Transport Group (CPH:NTG) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Jun 06
Is Now The Time To Put NTG Nordic Transport Group (CPH:NTG) On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • May 25
Should You Investigate NTG Nordic Transport Group A/S (CPH:NTG) At kr.411?
While NTG Nordic Transport Group A/S ( CPH:NTG ) might not be the most widely known stock at the moment, it received a...Analysis Article • May 13
NTG Nordic Transport Group A/S (CPH:NTG) Shares Could Be 31% Below Their Intrinsic Value Estimate
Key Insights NTG Nordic Transport Group's estimated fair value is kr.611 based on 2 Stage Free Cash Flow to Equity...Analysis Article • Apr 18
Does NTG Nordic Transport Group (CPH:NTG) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Feb 15
Here's Why We Think NTG Nordic Transport Group (CPH:NTG) Might Deserve Your Attention Today
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Feb 01
An Intrinsic Calculation For NTG Nordic Transport Group A/S (CPH:NTG) Suggests It's 37% Undervalued
How far off is NTG Nordic Transport Group A/S ( CPH:NTG ) from its intrinsic value? Using the most recent financial...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 13,083 | 444 | 807 | 927 | 5 |
| 12/31/2027 | 12,687 | 411 | 784 | 910 | 5 |
| 12/31/2026 | 12,490 | 311 | 569 | 706 | 5 |
| 6/30/2026 | 12,138 | 272 | 520 | 560 | N/A |
| 3/31/2026 | 11,665 | 223 | 532 | 566 | N/A |
| 12/31/2025 | 11,377 | 217 | 555 | 596 | N/A |
| 9/30/2025 | 11,086 | 212 | 594 | 638 | N/A |
| 6/30/2025 | 10,441 | 207 | 633 | 676 | N/A |
| 3/31/2025 | 9,889 | 280 | 405 | 449 | N/A |
| 12/31/2024 | 9,352 | 297 | 337 | 371 | N/A |
| 9/30/2024 | 8,760 | 314 | 445 | 459 | N/A |
| 6/30/2024 | 8,427 | 373 | 458 | 474 | N/A |
| 3/31/2024 | 8,242 | 349 | 416 | 435 | N/A |
| 12/31/2023 | 8,338 | 374 | 568 | 593 | N/A |
| 9/30/2023 | 8,833 | 373 | 590 | 609 | N/A |
| 6/30/2023 | 9,691 | 414 | 739 | 755 | N/A |
| 3/31/2023 | 10,300 | 490 | 872 | 888 | N/A |
| 12/31/2022 | 10,224 | 482 | 897 | 907 | N/A |
| 9/30/2022 | 9,900 | 485 | 750 | 765 | N/A |
| 6/30/2022 | 8,948 | 439 | 599 | 614 | N/A |
| 3/31/2022 | 7,939 | 376 | 531 | 544 | N/A |
| 12/31/2021 | 7,302 | 349 | 450 | 462 | N/A |
| 9/30/2021 | 6,556 | 297 | 430 | 437 | N/A |
| 6/30/2021 | 6,048 | 240 | 381 | 386 | N/A |
| 3/31/2021 | 5,562 | 167 | 424 | 431 | N/A |
| 12/31/2020 | 5,332 | 126 | 458 | 463 | N/A |
| 9/30/2020 | 5,308 | 31 | 351 | 387 | N/A |
| 6/30/2020 | 5,273 | 2 | 318 | 355 | N/A |
| 3/31/2020 | 5,366 | -2 | N/A | 273 | N/A |
| 12/31/2019 | 5,332 | -12 | N/A | 202 | N/A |
| 9/30/2019 | 5,170 | 38 | N/A | 266 | N/A |
| 6/30/2019 | 5,061 | 38 | N/A | 249 | N/A |
| 3/31/2019 | 4,762 | 36 | N/A | 136 | N/A |
| 12/31/2018 | 4,512 | 42 | N/A | 117 | N/A |
| 12/31/2017 | 2,896 | 59 | N/A | 83 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NTG's forecast earnings growth (19.9% per year) is above the savings rate (2.1%).
Earnings vs Market: NTG's earnings (19.9% per year) are forecast to grow faster than the Danish market (7% per year).
High Growth Earnings: NTG's earnings are forecast to grow, but not significantly.
Revenue vs Market: NTG's revenue (3.4% per year) is forecast to grow slower than the Danish market (3.8% per year).
High Growth Revenue: NTG's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NTG's Return on Equity is forecast to be high in 3 years time (23.9%)
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/09 06:42 |
| End of Day Share Price | 2026/09/09 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
NTG Nordic Transport Group A/S is covered by 8 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.
| Analyst | Institution |
|---|---|
| Emilie Fung | Barclays |
| Mads Brinkmann Andersen | Berenberg |
| null null | Danske Bank |