Nordic Semiconductor ASA

OB:NOD Stock Report

Market Cap: NOK 18.9b

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 (NOK98.54) is trading above our estimate of fair value (NOK85.47)

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?

Other financial metrics that can be useful for relative valuation.

NOD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.6x
Enterprise Value/EBITDA-33.2x
PEG Ration/a

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 Average10.2x
RECSI REC Silicon
2.6x52.2%NOK 4.4b
002745 MLS
0.7x10.2%CN¥12.5b
SIMO Silicon Motion Technology
2.4x10.1%US$1.9b
2533 Black Sesame International Holding
35.1xn/aHK$14.8b
NOD Nordic Semiconductor
3.9x16.9%NOK 18.9b

Price-To-Sales vs Peers: NOD is good value based on its Price-To-Sales Ratio (3.9x) compared to the peer average (10.2x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.1%
 n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.1%
 n/an/an/a
No more companies

Price-To-Sales vs Industry: NOD is expensive based on its Price-To-Sales Ratio (3.9x) compared to the European Semiconductor industry average (2x).

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 Ratio3.9x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: NOD is expensive based on its Price-To-Sales Ratio (3.9x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).

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 98.54
NOK 139.12
+41.2%
24.1%NOK 182.00NOK 85.00n/a10
Oct ’25NOK 99.90
NOK 143.51
+43.7%
20.3%NOK 182.00NOK 95.00n/a11
Sep ’25NOK 143.40
NOK 162.96
+13.6%
15.8%NOK 187.00NOK 110.00n/a11
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 127.09
-5.5%
13.0%NOK 160.00NOK 100.00n/a12
May ’25NOK 123.50
NOK 127.09
+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 89.00n/a11
Nov ’24NOK 86.88
NOK 108.16
+24.5%
16.5%NOK 145.00NOK 90.00n/a11
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
Nov ’23NOK 149.65
NOK 200.22
+33.8%
19.4%NOK 270.00NOK 147.74NOK 86.888
Oct ’23NOK 145.50
NOK 240.68
+65.4%
25.9%NOK 330.00NOK 155.00NOK 111.058

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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