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NOD

Nordic SemiconductorOB:NOD Stock Report

Market Cap

kr55.7b

7D

3.0%

1Y

128.0%

Updated

02 Dec, 2021

Data

Company Financials +
NOD fundamental analysis
Snowflake Score
Valuation1/6
Future Growth6/6
Past Performance5/6
Financial Health6/6
Dividends0/6

NOD Stock Overview

Nordic Semiconductor ASA, a fabless semiconductor company, designs, develops, markets, and sells integrated circuits, systems, and solutions for short- and long-range wireless applications in Europe, the Americas, and the Asia/Pacific.

Nordic Semiconductor Competitors

NVIDIA

NasdaqGS:NVDA

US$785.9b

Samsung Electronics

KOSE:A005930

₩509.7t

Broadcom

NasdaqGS:AVGO

US$228.3b

Intel

NasdaqGS:INTC

US$197.7b

Price History & Performance

Summary of all time highs, changes and price drops for Nordic Semiconductor
Historical stock prices
Current Share Pricekr291.80
52 Week Highkr319.40
52 Week Lowkr119.30
Beta1.56
1 Month Change10.20%
3 Month Change-4.33%
1 Year Change127.97%
3 Year Change940.29%
5 Year Change811.88%
Change since IPO40,998.59%

Recent News & Updates

Nov 15
Is Now The Time To Put Nordic Semiconductor (OB:NOD) On Your Watchlist?

Is Now The Time To Put Nordic Semiconductor (OB:NOD) On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

NODNO SemiconductorNO Market
7D3.0%1.2%-2.1%
1Y128.0%66.2%21.1%

Return vs Industry: NOD exceeded the Norwegian Semiconductor industry which returned 77.6% over the past year.

Return vs Market: NOD exceeded the Norwegian Market which returned 22.8% over the past year.

Price Volatility

Is NOD's price volatile compared to industry and market?
NOD volatility
NOD Average Weekly Movement7.8%
Semiconductor Industry Average Movement6.1%
Market Average Movement5.8%
10% most volatile stocks in NO Market10.5%
10% least volatile stocks in NO Market3.2%

Stable Share Price: NOD is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: NOD's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19831,155Svenn-Tore Larsenhttps://www.nordicsemi.com

Nordic Semiconductor ASA, a fabless semiconductor company, designs, develops, markets, and sells integrated circuits, systems, and solutions for short- and long-range wireless applications in Europe, the Americas, and the Asia/Pacific. The company specializes in ultra-low power components, based on its proprietary 2.4 GHz RF, Bluetooth low energy, and LTE-M and NB- Internet of Things (IoT); and develops low power cellular IoT. It also provides Bluetooth 5 solutions; low power cellular devices for the IoT; and Bluetooth 5.1 solutions for direction finding applications.

Nordic Semiconductor Fundamentals Summary

How do Nordic Semiconductor's earnings and revenue compare to its market cap?
NOD fundamental statistics
Market CapUS$6.13b
Earnings (TTM)US$62.54m
Revenue (TTM)US$566.44m

98.0x

P/E Ratio

10.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NOD income statement (TTM)
RevenueUS$566.44m
Cost of RevenueUS$273.60m
Gross ProfitUS$292.84m
ExpensesUS$230.30m
EarningsUS$62.54m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 03, 2022

Earnings per share (EPS)0.33
Gross Margin51.70%
Net Profit Margin11.04%
Debt/Equity Ratio0%

How did NOD perform over the long term?

See historical performance and comparison

Valuation

Is Nordic Semiconductor undervalued compared to its fair value and its price relative to the market?

8.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NOD (NOK291.8) is trading below our estimate of fair value (NOK318.16)

Significantly Below Fair Value: NOD is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: NOD is poor value based on its PE Ratio (98x) compared to the European Semiconductor industry average (40.7x).

PE vs Market: NOD is poor value based on its PE Ratio (98x) compared to the Norwegian market (14.3x).


Price to Earnings Growth Ratio

PEG Ratio: NOD is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: NOD is overvalued based on its PB Ratio (14.2x) compared to the XE Semiconductor industry average (4.7x).


Future Growth

How is Nordic Semiconductor forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

37.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOD's forecast earnings growth (37.2% per year) is above the savings rate (1.2%).

Earnings vs Market: NOD's earnings (37.2% per year) are forecast to grow faster than the Norwegian market (11.9% per year).

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

Revenue vs Market: NOD's revenue (26.2% per year) is forecast to grow faster than the Norwegian market (6.6% per year).

High Growth Revenue: NOD's revenue (26.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NOD's Return on Equity is forecast to be high in 3 years time (23.4%)


Past Performance

How has Nordic Semiconductor performed over the past 5 years?

52.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NOD has high quality earnings.

Growing Profit Margin: NOD's current net profit margins (11%) are higher than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: NOD's earnings have grown significantly by 52.5% per year over the past 5 years.

Accelerating Growth: NOD's earnings growth over the past year (154.6%) exceeds its 5-year average (52.5% per year).

Earnings vs Industry: NOD earnings growth over the past year (154.6%) exceeded the Semiconductor industry 100.8%.


Return on Equity

High ROE: NOD's Return on Equity (14.5%) is considered low.


Financial Health

How is Nordic Semiconductor's financial position?


Financial Position Analysis

Short Term Liabilities: NOD's short term assets ($439.6M) exceed its short term liabilities ($103.4M).

Long Term Liabilities: NOD's short term assets ($439.6M) exceed its long term liabilities ($18.1M).


Debt to Equity History and Analysis

Debt Level: NOD is debt free.

Reducing Debt: NOD has no debt compared to 5 years ago when its debt to equity ratio was 0.2%.

Debt Coverage: NOD has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NOD has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Nordic Semiconductor current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate NOD'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 NOD's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: NOD is not paying a notable dividend for the Norwegian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NOD's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Svenn-Tore Larsen (62 yo)

19.83yrs

Tenure

US$583,000

Compensation

Mr. Svenn-Tore Larsen has been the Chief Executive Officer of Nordic Semiconductor ASA since February 2002 and serves as it's President since March 2021. Mr. Larsen has been Director at poLight AS since Ma...


CEO Compensation Analysis

Compensation vs Market: Svenn-Tore's total compensation ($USD583.00K) is below average for companies of similar size in the Norwegian market ($USD1.15M).

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


Leadership Team

Experienced Management: NOD's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: NOD'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: NOD 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

Nordic Semiconductor ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Nordic Semiconductor ASA
  • Ticker: NOD
  • Exchange: OB
  • Founded: 1983
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: kr55.723b
  • Shares outstanding: 190.96m
  • Website: https://www.nordicsemi.com

Number of Employees


Location

  • Nordic Semiconductor ASA
  • Otto Nielsens veg 12
  • Trondheim
  • Sør-Trøndelag
  • 7004
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 21:42
End of Day Share Price2021/12/02 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.