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

NETELS is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (15.2x).

How does NETELS's PE Ratio compare vs other companies in the European Construction Industry?

NETELS is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the European Construction industry average (14.2x).

What is NETELS'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.

Insufficient data to calculate NETELS's Price-To-Earnings Fair Ratio for valuation analysis.

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

NETELS (SEK15) is trading below our estimate of [[fair value]] (SEK53.74)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

NETELS Stock Overview

Provides construction and maintenance services for communication infrastructure and power networks in Sweden, Norway, Finland, Germany, and the United Kingdom. More details

NETELS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	1/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 72.1% below our estimate of its fair value

Earnings are forecast to grow 38.45% per year

Risk Analysis

Shares are highly illiquid

Interest payments are not well covered by earnings

Does not have a meaningful market cap (SEK723M)

Profit margins (1.3%) are lower than last year (3.1%)

My Notes

Capture your thoughts, links and company narrative

Netel Holding AB (publ) Competitors

J. Smart (Contractors)

LSE:SMJ

UK£48.9m

Billington Holdings

AIM:BILN

UK£62.6m

Van Elle Holdings

AIM:VANL

UK£40.6m

Hercules Site Services

AIM:HERC

UK£35.0m

Price History & Performance

Summary of share price highs, lows and changes for Netel Holding
Historical stock prices
Current Share Price	SEK 15.00
52 Week High	SEK 0
52 Week Low	SEK 0
Beta	1.6
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	105.76%

Recent updates

Shareholder Returns

	NETELS	GB Construction	GB Market
7D	0%	-4.5%	0.3%
1Y	n/a	37.3%	6.6%

Return vs Industry: Insufficient data to determine how NETELS performed against the UK Construction industry.

Return vs Market: Insufficient data to determine how NETELS performed against the UK Market.

Price Volatility

Is NETELS's price volatile compared to industry and market?
NETELS volatility
NETELS Average Weekly Movement	n/a
Construction Industry Average Movement	4.1%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.7%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: NETELS has not had significant price volatility in the past 3 months.

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

About the Company

Founded	Employees	CEO	Website
2000	856	Jeanette Reuterskiöld	www.netelgroup.com

Netel Holding AB (publ), together with its subsidiaries, provides construction and maintenance services for communication infrastructure and power networks in Sweden, Norway, Finland, Germany, and the United Kingdom. It offers Infranet project management services for the construction and maintenance of physical telecom, broadband, and power networks. The company is also involved in the construction, installation, and maintenance of electricity distribution networks; design, building, and order of switchgear and distribution lines; planning, permit management, expansion, installation, commissioning, and integration of telecom and mobile data network systems; expansion of fiber networks; upgrade of coaxial networks; and construction and maintenance of infrastructure for district heating, water, and sewage, as well as associated civil engineering work.

Netel Holding AB (publ) Fundamentals Summary

How do Netel Holding's earnings and revenue compare to its market cap?
NETELS fundamental statistics
Market cap	SEK 722.83m
Earnings (TTM)	SEK 45.00m
Revenue (TTM)	SEK 3.49b

16.1x

P/E Ratio

0.2x

P/S Ratio

Is NETELS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NETELS income statement (TTM)
Revenue	SEK 3.49b
Cost of Revenue	SEK 2.27b
Gross Profit	SEK 1.22b
Other Expenses	SEK 1.18b
Earnings	SEK 45.00m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Jul 12, 2024

Earnings per share (EPS)	0.93
Gross Margin	34.97%
Net Profit Margin	1.29%
Debt/Equity Ratio	89.7%

How did NETELS perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/05/15 20:38
End of Day Share Price	2024/02/16 00:00
Earnings	2024/03/31
Annual Earnings	2023/12/31

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 here.

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 .

Analyst Sources

Netel Holding AB (publ) is covered by 3 analysts. 2 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
Karl-Johan Bonnevier	DNB Markets
Carl Ragnerstam	Nordea Markets
Gustav Berneblad	Nordea Markets