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Nordic Semiconductor

Market Cap

kr56.1b

Last Updated

2021/09/19 16:20 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details

Rewards

Earnings are forecast to grow 30.91% per year

Earnings grew by 346.7% over the past year

Risk Analysis

No risks detected for NOD from our risk checks.


Snowflake Analysis

Exceptional growth potential with flawless balance sheet.


Similar Companies

Share Price & News

How has Nordic Semiconductor's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NOD is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NOD's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-6.4%

NOD

-7.2%

NO Semiconductor

-0.5%

NO Market


1 Year Return

188.6%

NOD

107.4%

NO Semiconductor

20.4%

NO Market

Return vs Industry: NOD exceeded the Norwegian Semiconductor industry which returned 107.4% over the past year.

Return vs Market: NOD exceeded the Norwegian Market which returned 20.4% over the past year.


Shareholder returns

NODIndustryMarket
7 Day-6.4%-7.2%-0.5%
30 Day6.6%8.0%1.4%
90 Day34.5%25.1%3.3%
1 Year188.6%188.6%108.7%107.4%27.2%20.4%
3 Year508.3%508.3%226.7%206.0%17.4%4.0%
5 Year647.6%647.6%402.2%352.0%80.7%47.8%

Long-Term Price Volatility Vs. Market

How volatile is Nordic Semiconductor's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

99.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NOD (NOK293.8) is trading above our estimate of fair value (NOK190.65)

Significantly Below Fair Value: NOD is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NOD is poor value based on its PE Ratio (99.7x) compared to the European Semiconductor industry average (46.4x).

PE vs Market: NOD is poor value based on its PE Ratio (99.7x) compared to the Norwegian market (13.6x).


Price to Earnings Growth Ratio

PEG Ratio: NOD is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: NOD is overvalued based on its PB Ratio (15.6x) compared to the XE Semiconductor industry average (5x).


Future Growth

How is Nordic Semiconductor forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

30.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOD's forecast earnings growth (30.9% per year) is above the savings rate (1.2%).

Earnings vs Market: NOD's earnings (30.9% per year) are forecast to grow faster than the Norwegian market (10.1% per year).

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

Revenue vs Market: NOD's revenue (22.3% per year) is forecast to grow faster than the Norwegian market (5.8% per year).

High Growth Revenue: NOD's revenue (22.3% 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 (21%)


Past Performance

How has Nordic Semiconductor performed over the past 5 years?

43.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NOD has high quality earnings.

Growing Profit Margin: NOD's current net profit margins (12.1%) are higher than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: NOD's earnings have grown significantly by 43% per year over the past 5 years.

Accelerating Growth: NOD's earnings growth over the past year (346.7%) exceeds its 5-year average (43% per year).

Earnings vs Industry: NOD earnings growth over the past year (346.7%) exceeded the Semiconductor industry 64.3%.


Return on Equity

High ROE: NOD's Return on Equity (15.6%) is considered low.


Financial Health

How is Nordic Semiconductor's financial position?


Financial Position Analysis

Short Term Liabilities: NOD's short term assets ($412.9M) exceed its short term liabilities ($94.4M).

Long Term Liabilities: NOD's short term assets ($412.9M) exceed its long term liabilities ($19.0M).


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 8.5%.

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?

2.7yrs

Average management tenure


CEO

Svenn-Tore Larsen (62 yo)

19.58yrs

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 ($USD583.00K) is below average for companies of similar size in the Norwegian market ($USD1.20M).

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 (2.7 years average tenure).


Board Members

Experienced Board: NOD's board of directors are not considered experienced ( 2.4 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: Insufficient data to determine if 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 company bio, 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: kr56.105b
  • 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


Biography

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 A...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 16:20
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
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.