Nordic Semiconductor ASA

OB:NOD Stock Report

Market Cap: NOK 19.3b

Nordic Semiconductor Valuation

Is NOD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: NOD (NOK100.45) is trading above our estimate of fair value (NOK72.03)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NOD?

Key metric: As NOD is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NOD. This is calculated by dividing NOD's market cap by their current revenue.
What is NOD's PS Ratio?
PS Ratio3.6x
SalesUS$469.41m
Market CapUS$1.70b

Price to Sales Ratio vs Peers

How does NOD's PS Ratio compare to its peers?

The above table shows the PS ratio for NOD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average20.4x
688380 Shenzhen China Micro Semicon
14.3xn/aCN¥12.8b
688536 3Peak
11.7x29.0%CN¥13.2b
SIMO Silicon Motion Technology
2.3x7.5%US$1.8b
688498 Yuanjie Semiconductor Technology
53.3x45.8%CN¥12.2b
NOD Nordic Semiconductor
3.6x17.1%NOK 19.3b

Price-To-Sales vs Peers: NOD is good value based on its Price-To-Sales Ratio (3.6x) compared to the peer average (20.4x).

Price to Sales Ratio vs Industry

How does NOD's PS Ratio compare vs other companies in the European Semiconductor Industry?

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
NOD 3.6xIndustry Avg. 1.7xNo. of Companies9PS01.22.43.64.86+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: NOD is expensive based on its Price-To-Sales Ratio (3.6x) compared to the European Semiconductor industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is NOD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NOD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.6x
Fair PS Ratio1.2x

Price-To-Sales vs Fair Ratio: NOD is expensive based on its Price-To-Sales Ratio (3.6x) compared to the estimated Fair Price-To-Sales Ratio (1.2x).

Analyst Price Targets

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

The above table shows the analyst NOD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 100.45
NOK 128.24
+27.7%
16.6%NOK 157.00NOK 85.00n/a11
Dec ’25NOK 98.94
NOK 130.06
+31.5%
20.5%NOK 180.00NOK 85.00n/a10
Nov ’25NOK 108.25
NOK 133.24
+23.1%
21.5%NOK 182.00NOK 85.00n/a11
Oct ’25NOK 99.90
NOK 142.13
+42.3%
19.9%NOK 182.00NOK 95.00n/a12
Sep ’25NOK 143.40
NOK 159.97
+11.6%
16.6%NOK 187.00NOK 110.00n/a12
Aug ’25NOK 141.15
NOK 151.17
+7.1%
20.9%NOK 191.00NOK 100.00n/a12
Jul ’25NOK 141.25
NOK 130.83
-7.4%
14.3%NOK 161.00NOK 100.00n/a12
Jun ’25NOK 134.50
NOK 127.08
-5.5%
13.0%NOK 160.00NOK 100.00n/a12
May ’25NOK 123.50
NOK 127.08
+2.9%
13.0%NOK 160.00NOK 100.00n/a12
Apr ’25NOK 85.80
NOK 102.03
+18.9%
15.2%NOK 127.00NOK 80.00n/a11
Mar ’25NOK 92.80
NOK 102.03
+9.9%
15.2%NOK 127.00NOK 80.00n/a11
Feb ’25NOK 105.80
NOK 112.80
+6.6%
28.4%NOK 195.00NOK 89.00n/a11
Jan ’25NOK 126.00
NOK 107.52
-14.7%
18.9%NOK 145.00NOK 89.00n/a11
Dec ’24NOK 98.76
NOK 105.52
+6.8%
17.4%NOK 145.00NOK 89.00NOK 98.9411
Nov ’24NOK 86.88
NOK 108.16
+24.5%
16.5%NOK 145.00NOK 90.00NOK 108.2511
Oct ’24NOK 111.05
NOK 133.72
+20.4%
20.8%NOK 180.00NOK 95.60NOK 99.9012
Sep ’24NOK 129.25
NOK 144.16
+11.5%
18.1%NOK 180.00NOK 99.94NOK 143.4012
Aug ’24NOK 148.05
NOK 145.90
-1.5%
18.2%NOK 180.00NOK 99.94NOK 141.1511
Jul ’24NOK 130.45
NOK 145.59
+11.6%
23.4%NOK 200.00NOK 90.00NOK 141.2510
Jun ’24NOK 115.90
NOK 139.25
+20.1%
27.5%NOK 200.00NOK 90.00NOK 134.508
May ’24NOK 115.15
NOK 142.62
+23.9%
25.9%NOK 200.00NOK 90.00NOK 123.508
Apr ’24NOK 159.50
NOK 174.62
+9.5%
23.1%NOK 230.00NOK 120.00NOK 85.808
Mar ’24NOK 153.40
NOK 167.99
+9.5%
22.3%NOK 230.00NOK 120.00NOK 92.808
Feb ’24NOK 163.85
NOK 196.29
+19.8%
17.7%NOK 240.00NOK 134.36NOK 105.808
Jan ’24NOK 163.90
NOK 200.22
+22.2%
19.4%NOK 270.00NOK 147.74NOK 126.008
Dec ’23NOK 181.15
NOK 200.22
+10.5%
19.4%NOK 270.00NOK 147.74NOK 98.768

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 22:15
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Nordic Semiconductor ASA is covered by 23 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Markus BjerkeArctic Securities ASA
Simon Alexander ColesBarclays