NCC Future Growth

Future criteria checks 2/6

NCC is forecast to grow earnings and revenue by 6.4% and 2.6% per annum respectively. EPS is expected to grow by 6.4% per annum. Return on equity is forecast to be 16.9% in 3 years.

Key information

6.4%

Earnings growth rate

6.4%

EPS growth rate

Construction earnings growth	18.7%
Revenue growth rate	2.6%
Future return on equity	16.9%
Analyst coverage	Low
Last updated	15 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

OM:NCC A - Analysts future estimates and past financials data (SEK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	60,840	1,468	1,398	2,097	4
12/31/2025	58,658	1,368	1,528	2,409	4
12/31/2024	58,202	1,329	2,001	2,332	4
9/30/2024	56,878	1,243	-19	720	N/A
6/30/2024	56,622	1,392	754	1,527	N/A
3/31/2024	56,029	1,327	-100	808	N/A
12/31/2023	56,932	1,573	-95	807	N/A
9/30/2023	57,359	1,589	-91	1,094	N/A
6/30/2023	57,404	1,393	8	1,244	N/A
3/31/2023	56,551	1,369	-286	833	N/A
12/31/2022	54,198	1,069	-707	265	N/A
9/30/2022	54,178	1,198	-1,026	-416	N/A
6/30/2022	54,642	1,479	-242	292	N/A
3/31/2022	53,385	1,485	527	1,140	N/A
12/31/2021	53,414	1,508	1,492	2,260	N/A
9/30/2021	52,321	1,391	1,751	2,570	N/A
6/30/2021	50,610	1,173	316	1,226	N/A
3/31/2021	52,296	1,219	525	1,308	N/A
12/31/2020	53,922	1,259	946	1,569	N/A
9/30/2020	57,256	1,261	3,753	4,321	N/A
6/30/2020	58,387	1,228	2,987	3,562	N/A
3/31/2020	58,566	1,101	2,473	3,163	N/A
12/31/2019	58,234	873	1,332	2,214	N/A
9/30/2019	57,828	610	-385	545	N/A
6/30/2019	58,146	-803	-141	805	N/A
3/31/2019	57,886	-774	-716	263	N/A
12/31/2018	57,346	-756	-1,404	-375	N/A
9/30/2018	55,786	-920	-2,010	-954	N/A
6/30/2018	54,592	319	N/A	144	N/A
3/31/2018	53,587	383	N/A	-294	N/A
12/31/2017	54,441	872	N/A	2,158	N/A
9/30/2017	54,687	1,410	N/A	3,445	N/A
6/30/2017	55,184	1,511	N/A	2,723	N/A
3/31/2017	55,485	1,545	N/A	4,047	N/A
12/31/2016	52,934	1,113	N/A	1,170	N/A
9/30/2016	52,683	1,094	N/A	2,957	N/A
6/30/2016	52,431	1,283	N/A	4,160	N/A
3/31/2016	52,002	1,271	N/A	3,880	N/A
12/31/2015	53,116	1,315	N/A	4,061	N/A
9/30/2015	55,609	1,678	N/A	3,108	N/A
6/30/2015	57,084	1,803	N/A	1,504	N/A
3/31/2015	57,346	1,827	N/A	1,280	N/A
12/31/2014	56,867	1,835	N/A	1,345	N/A
9/30/2014	59,180	2,187	N/A	2,266	N/A
6/30/2014	57,514	2,102	N/A	2,670	N/A
3/31/2014	57,571	2,016	N/A	2,527	N/A
12/31/2013	57,823	1,986	N/A	2,532	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NCC A's forecast earnings growth (6.4% per year) is above the savings rate (1.2%).

Earnings vs Market: NCC A's earnings (6.4% per year) are forecast to grow slower than the Swedish market (15% per year).

High Growth Earnings: NCC A's earnings are forecast to grow, but not significantly.

Revenue vs Market: NCC A's revenue (2.6% per year) is forecast to grow faster than the Swedish market (0% per year).

High Growth Revenue: NCC A's revenue (2.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NCC A's Return on Equity is forecast to be low in 3 years time (16.9%).

NCC Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

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

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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