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NRC

NRC Group OB:NRC Stock Report

Last Price

kr19.08

Market Cap

kr1.4b

7D

4.4%

1Y

20.5%

Updated

17 May, 2022

Data

Company Financials +
NRC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends0/6

NRC Stock Overview

NRC Group ASA, together with its subsidiaries, engages in the infrastructure business in Norway, Sweden, and Finland.

NRC Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NRC Group
Historical stock prices
Current Share Pricekr19.08
52 Week Highkr25.70
52 Week Lowkr15.26
Beta0.86
1 Month Change-4.60%
3 Month Change-14.44%
1 Year Change20.46%
3 Year Change-70.37%
5 Year Change-65.62%
Change since IPO-99.98%

Recent News & Updates

Shareholder Returns

NRCNO ConstructionNO Market
7D4.4%-6.9%2.5%
1Y20.5%-16.1%13.3%

Return vs Industry: NRC exceeded the Norwegian Construction industry which returned -16.1% over the past year.

Return vs Market: NRC exceeded the Norwegian Market which returned 13.3% over the past year.

Price Volatility

Is NRC's price volatile compared to industry and market?
NRC volatility
NRC Average Weekly Movement5.6%
Construction Industry Average Movement6.2%
Market Average Movement7.4%
10% most volatile stocks in NO Market12.7%
10% least volatile stocks in NO Market4.2%

Stable Share Price: NRC is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: NRC's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20111,931Henning Olsenhttps://www.nrcgroup.com

NRC Group ASA, together with its subsidiaries, engages in the infrastructure business in Norway, Sweden, and Finland. The company engages in the groundwork, specialized track work, electro, signaling systems, demolition, recycling, wastewater, sewage services, and mass transport works. It is involved in the rail construction and maintenance, civil construction, and environment projects; and maintenance of public railroad, light rail, and metro systems.

NRC Group Fundamentals Summary

How do NRC Group's earnings and revenue compare to its market cap?
NRC fundamental statistics
Market Capkr1.39b
Earnings (TTM)kr1.00m
Revenue (TTM)kr6.00b

1,393x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NRC income statement (TTM)
Revenuekr6.00b
Cost of Revenuekr4.75b
Gross Profitkr1.26b
Other Expenseskr1.26b
Earningskr1.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 18, 2022

Earnings per share (EPS)0.014
Gross Margin20.94%
Net Profit Margin0.016%
Debt/Equity Ratio38.6%

How did NRC perform over the long term?

See historical performance and comparison

Valuation

Is NRC Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: NRC (NOK19.08) is trading below our estimate of fair value (NOK114.38)

Significantly Below Fair Value: NRC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NRC is poor value based on its PE Ratio (1392.7x) compared to the European Construction industry average (12.4x).

PE vs Market: NRC is poor value based on its PE Ratio (1392.7x) compared to the Norwegian market (13.2x).


Price to Earnings Growth Ratio

PEG Ratio: NRC is poor value based on its PEG Ratio (29.6x)


Price to Book Ratio

PB vs Industry: NRC is good value based on its PB Ratio (0.6x) compared to the NO Construction industry average (1.5x).


Future Growth

How is NRC Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


47.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NRC's forecast earnings growth (47% per year) is above the savings rate (1.1%).

Earnings vs Market: NRC's earnings (47% per year) are forecast to grow faster than the Norwegian market (3.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NRC's revenue (9.1% per year) is forecast to grow faster than the Norwegian market (1.4% per year).

High Growth Revenue: NRC's revenue (9.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NRC's Return on Equity is forecast to be low in 3 years time (8.6%).


Past Performance

How has NRC Group performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-45.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NRC has a large one-off loss of NOK38.0M impacting its March 31 2022 financial results.

Growing Profit Margin: NRC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NRC's earnings have declined by 45% per year over the past 5 years.

Accelerating Growth: NRC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NRC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (23.3%).


Return on Equity

High ROE: NRC's Return on Equity (0%) is considered low.


Financial Health

How is NRC Group's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NRC's short term assets (NOK1.8B) exceed its short term liabilities (NOK1.6B).

Long Term Liabilities: NRC's short term assets (NOK1.8B) exceed its long term liabilities (NOK1.2B).


Debt to Equity History and Analysis

Debt Level: NRC's net debt to equity ratio (15.1%) is considered satisfactory.

Reducing Debt: NRC's debt to equity ratio has increased from 11.4% to 38.6% over the past 5 years.

Debt Coverage: NRC's debt is well covered by operating cash flow (42%).

Interest Coverage: NRC's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


Dividend

What is NRC Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.98%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate NRC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NRC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NRC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NRC's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: NRC is not paying a notable dividend for the Norwegian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NRC has not reported any payouts.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Henning Olsen (43 yo)

3yrs

Tenure

kr4,190,000

Compensation

Mr. Henning Olsen is the Chief Executive Officer NRC Group ASA since May 2, 2019. Mr. Olsen comes from the position as executive vice president of Building at AF Gruppen ASA, where he was responsible for t...


CEO Compensation Analysis

Compensation vs Market: Henning's total compensation ($USD433.11K) is above average for companies of similar size in the Norwegian market ($USD330.08K).

Compensation vs Earnings: Henning's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NRC's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: NRC's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NRC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

NRC Group ASA's employee growth, exchange listings and data sources


Key Information

  • Name: NRC Group ASA
  • Ticker: NRC
  • Exchange: OB
  • Founded: 2011
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: kr1.392b
  • Shares outstanding: 72.95m
  • Website: https://www.nrcgroup.com

Number of Employees


Location

  • NRC Group ASA
  • Lysaker Torg 25
  • Lysaker
  • Akershus
  • 1366
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/16 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.