How does NCC A's PE Ratio compare to its peers?

NCC A is good value based on its Price-To-Earnings Ratio (12.6x) compared to the peer average (20.4x).

How does NCC A's PE Ratio compare vs other companies in the European Construction Industry?

NCC A is good value based on its Price-To-Earnings Ratio (12.6x) compared to the European Construction industry average (13.1x).

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

NCC A is good value based on its Price-To-Earnings Ratio (12.6x) compared to the estimated Fair Price-To-Earnings Ratio (18x).

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

NCC A (SEK161.5) is trading below our estimate of [[fair value]] (SEK235.11)

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

Insufficient data to show price forecast.

NCC (OM:NCC A) - Stock Price, News & Analysis

NCC A Stock Overview

Operates as a construction company in Sweden, Norway, Denmark, and Finland. More details

NCC A fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	2/6
Past Performance	1/6
Financial Health	4/6
Dividends	3/6

Rewards

Trading at 31.3% below our estimate of its fair value

Earnings are forecast to grow 6.41% per year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Large one-off items impacting financial results

Dividend of 4.99% is not well covered by free cash flows

NCC AB (publ) Competitors

Peab

OM:PEAB B

SEK 23.3b

Instalco

OM:INSTAL

SEK 8.1b

Sweco

OM:SWEC B

SEK 58.3b

Skanska

OM:SKA B

SEK 90.6b

Price History & Performance

Summary of all time highs, changes and price drops for NCC
Historical stock prices
Current Share Price	SEK 161.50
52 Week High	SEK 175.00
52 Week Low	SEK 108.00
Beta	1.14
11 Month Change	-3.00%
3 Month Change	3.19%
1 Year Change	38.03%
33 Year Change	2.54%
5 Year Change	8.39%
Change since IPO	404.69%

Recent updates

Shareholder Returns

	NCC A	SE Construction	SE Market
7D	-1.2%	-0.7%	-0.2%
1Y	38.0%	27.8%	11.8%

Return vs Industry: NCC A exceeded the Swedish Construction industry which returned 27.8% over the past year.

Return vs Market: NCC A exceeded the Swedish Market which returned 11.8% over the past year.

Price Volatility

Is NCC A's price volatile compared to industry and market?
NCC A volatility
NCC A Average Weekly Movement	2.8%
Construction Industry Average Movement	3.8%
Market Average Movement	5.5%
10% most volatile stocks in SE Market	11.2%
10% least volatile stocks in SE Market	3.3%

Stable Share Price: NCC A has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: NCC A's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1935	12,200	Tomas Carlsson	www.ncc.se

NCC AB (publ) operates as a construction company in Sweden, Norway, Denmark, and Finland. It operates through five segments: NCC Infrastructure, NCC Building Sweden, NCC Building Nordic, NCC Industry, and NCC Property Development. The company builds residential buildings and offices, as well as constructs schools, hospitals, stores, and warehouses.

NCC AB (publ) Fundamentals Summary

How do NCC's earnings and revenue compare to its market cap?
NCC A fundamental statistics
Market cap	SEK 15.69b
Earnings (TTM)	SEK 1.24b
Revenue (TTM)	SEK 56.88b

12.6x

P/E Ratio

0.3x

P/S Ratio

Is NCC A overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NCC A income statement (TTM)
Revenue	SEK 56.88b
Cost of Revenue	SEK 52.13b
Gross Profit	SEK 4.75b
Other Expenses	SEK 3.51b
Earnings	SEK 1.24b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 10, 2025

Earnings per share (EPS)	12.71
Gross Margin	8.35%
Net Profit Margin	2.19%
Debt/Equity Ratio	69.6%

How did NCC A perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

63%

Payout Ratio

NCC A Stock Overview

Rewards

Risk Analysis

NCC AB (publ) Competitors

OM:PEAB B

SEK 23.3b

OM:INSTAL

SEK 8.1b

OM:SWEC B

SEK 58.3b

OM:SKA B

SEK 90.6b

Price History & Performance

Recent News & Updates

NCC AB (publ) to Report Q3, 2025 Results on Oct 23, 2025

NCC AB (publ) Announces Executive Changes

NCC AB (publ) to Report Q1, 2025 Results on Apr 29, 2025

NCC AB (publ) Announces Board Changes

Maria Grimberg, Head of Communications, Decides to Leave NCC AB (publ)

Ncc AB (Publ) Proposes A Dividend for 2023

Recent updates

NCC AB (publ) to Report Q3, 2025 Results on Oct 23, 2025

NCC AB (publ) Announces Executive Changes

NCC AB (publ) to Report Q1, 2025 Results on Apr 29, 2025

NCC AB (publ) Announces Board Changes

Maria Grimberg, Head of Communications, Decides to Leave NCC AB (publ)

Ncc AB (Publ) Proposes A Dividend for 2023

NCC Group AB (publ) Appoints Two New Heads of Business Areas

NCC AB (publ) to Report Q3, 2024 Results on Oct 25, 2024

NCC AB (publ), Annual General Meeting, Apr 09, 2024

NCC Announces Resignation of Henrik Landelius as Head of Business Area Building Sweden

NCC AB (publ) to Report Q1, 2024 Results on May 03, 2024

REMONDIS Sweden AB agreed to acquire Bergnaset Stallningsmontage Ab from NCC AB (publ) (OM:NCC B).

NCC AB (publ) Proposes Dividend for the Fiscal Year 2022, Payable on April 4, 2023 and November 6, 2023

NCC AB (Publ) Announces Board Changes

OBOS Forsikring AS acquired a 6.5% stake in NCC AB (publ) from Nordstjernan AB for SEK 770 million.

NCC AB (publ), Annual General Meeting, Mar 31, 2023

NCC AB (publ) Provides Earnings Guidance for the Full Year 2023

NCC AB (publ) to Report Q2, 2023 Results on Jul 18, 2023

No Dig Alliance agreed to acquire NCC NoDig from NCC AB (publ) (OM:NCC B).

NCC Develops New Office Project at Masthuggskajen in Gothenburg

NCC AB (publ) Hires Grete Aspelund as New Head of NCC Industry Business Area, Effective No Later Than November 1, 2022

Ncc AB (Publ) Announces Executive Appointments

NCC AB (publ) Proposes Dividend for the Year 2021

Asfalttikallio Oy completed the acquisition of Asphalt business of NCC AB (publ).

PensionDanmark Ejendomme A/S agreed to acquire Omega Company House Office Building in Skejby Area of Aarhus from NCC AB (publ) (OM:NCC B) for approximately SEK 260 million.

Mutares SE & Co. KGaA (XTRA:MUX) completed the acquisition of Ncc Road Services A/S from NCC AB (publ) (OM:NCC B).

NCC AB (publ) Resolves Dividend

NCC to Build Seven Apartment Buildings for the City of Helsinki

NCC and Fortum Enters A Framework Agreement Covering Maintenance Works on All of Fortum's Plants in Sweden

NCC and Pembroke Signs Contract to Build A New Office Building

NCC AB (publ) to Report Fiscal Year 2021 Results on Feb 02, 2022

NCC to Construct the New Hagastaden Subway Station

NCC AB (publ) Announces Nomination Committee for the AGM

NCC Announces to Develop and Build New Headquarters for Genmab At Kontorværket in Copenhagen

NCC Extends Senior Management Team

NCC AB (Publ) Announces Executive Appointments

NCC AB (publ) to Report Q3, 2020 Results on Nov 06, 2020

Mutares SE & Co. KGaA (XTRA:MUX) signed an agreement to acquire Nordic Road Services AB and Nordic Road Services Oy from NCC AB (publ) (OM:NCC B