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NCC

NCC OM:NCC B Stock Report

Last Price

kr123.50

Market Cap

kr13.7b

7D

-4.0%

1Y

-22.8%

Updated

24 May, 2022

Data

Company Financials +
NCC B fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
Dividends3/6

NCC B Stock Overview

NCC AB (publ) operates as a construction and property development company in Sweden, Norway, Denmark, and Finland.

NCC Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NCC
Historical stock prices
Current Share Pricekr123.50
52 Week Highkr170.50
52 Week Lowkr113.30
Beta0.80
1 Month Change1.40%
3 Month Change-7.70%
1 Year Change-22.76%
3 Year Change-17.17%
5 Year Change-49.32%
Change since IPO233.79%

Recent News & Updates

May 20
NCC (STO:NCC B) Will Pay A Larger Dividend Than Last Year At kr3.00

NCC (STO:NCC B) Will Pay A Larger Dividend Than Last Year At kr3.00

NCC AB (publ) ( STO:NCC B ) has announced that it will be increasing its dividend on the 11th of November to kr3.00...

May 06
NCC's (STO:NCC B) Upcoming Dividend Will Be Larger Than Last Year's

NCC's (STO:NCC B) Upcoming Dividend Will Be Larger Than Last Year's

NCC AB (publ) ( STO:NCC B ) has announced that it will be increasing its dividend on the 11th of November to kr3.00...

Apr 22
NCC's (STO:NCC B) Shareholders Will Receive A Bigger Dividend Than Last Year

NCC's (STO:NCC B) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of NCC AB (publ) ( STO:NCC B ) has announced that it will be increasing its dividend on the 11th of November...

Shareholder Returns

NCC BSE ConstructionSE Market
7D-4.0%-3.5%0.05%
1Y-22.8%-26.0%-12.2%

Return vs Industry: NCC B exceeded the Swedish Construction industry which returned -26% over the past year.

Return vs Market: NCC B underperformed the Swedish Market which returned -12.2% over the past year.

Price Volatility

Is NCC B's price volatile compared to industry and market?
NCC B volatility
NCC B Average Weekly Movement4.4%
Construction Industry Average Movement6.8%
Market Average Movement7.6%
10% most volatile stocks in SE Market12.8%
10% least volatile stocks in SE Market4.9%

Stable Share Price: NCC B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NCC B's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
193513,000Tomas Carlssonhttps://www.ncc.se

NCC AB (publ) operates as a construction and property development 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 Fundamentals Summary

How do NCC's earnings and revenue compare to its market cap?
NCC B fundamental statistics
Market Capkr13.68b
Earnings (TTM)kr1.49b
Revenue (TTM)kr53.39b

8.9x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NCC B income statement (TTM)
Revenuekr53.39b
Cost of Revenuekr48.86b
Gross Profitkr4.52b
Other Expenseskr3.04b
Earningskr1.49b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 19, 2022

Earnings per share (EPS)13.83
Gross Margin8.47%
Net Profit Margin2.78%
Debt/Equity Ratio29.9%

How did NCC B perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

43%

Payout Ratio

Does NCC B pay a reliable dividends?

See NCC B dividend history and benchmarks
When do you need to buy NCC B by to receive an upcoming dividend?
NCC dividend dates
Ex Dividend DateNov 07 2022
Dividend Pay DateNov 11 2022
Days until Ex dividend166 days
Days until Dividend pay date170 days

Does NCC B pay a reliable dividends?

See NCC B dividend history and benchmarks

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: NCC B (SEK123.5) is trading below our estimate of fair value (SEK443.04)

Significantly Below Fair Value: NCC B is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NCC B is good value based on its Price-To-Earnings Ratio (8.9x) compared to the Swedish Construction industry average (26.4x).

PE vs Market: NCC B is good value based on its Price-To-Earnings Ratio (8.9x) compared to the Swedish market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: NCC B is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: NCC B is overvalued based on its Price-To-Book Ratio (2.3x) compared to the SE Construction industry average (2.1x).


Future Growth

How is NCC forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NCC B's forecast earnings growth (11.5% per year) is above the savings rate (0.3%).

Earnings vs Market: NCC B's earnings (11.5% per year) are forecast to grow faster than the Swedish market (9.7% per year).

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

Revenue vs Market: NCC B's revenue (6.9% per year) is forecast to grow faster than the Swedish market (5.8% per year).

High Growth Revenue: NCC B's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NCC B's Return on Equity is forecast to be high in 3 years time (24.8%)


Past Performance

How has NCC performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


15.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NCC B has a high level of non-cash earnings.

Growing Profit Margin: NCC B's current net profit margins (2.8%) are higher than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: NCC B's earnings have grown by 15.2% per year over the past 5 years.

Accelerating Growth: NCC B's earnings growth over the past year (21.8%) exceeds its 5-year average (15.2% per year).

Earnings vs Industry: NCC B earnings growth over the past year (21.8%) exceeded the Construction industry 9.3%.


Return on Equity

High ROE: NCC B's Return on Equity (26%) is considered high.


Financial Health

How is NCC's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NCC B's short term assets (SEK20.2B) exceed its short term liabilities (SEK15.2B).

Long Term Liabilities: NCC B's short term assets (SEK20.2B) exceed its long term liabilities (SEK7.2B).


Debt to Equity History and Analysis

Debt Level: NCC B has more cash than its total debt.

Reducing Debt: NCC B's debt to equity ratio has reduced from 40.1% to 29.9% over the past 5 years.

Debt Coverage: NCC B's debt is well covered by operating cash flow (66.9%).

Interest Coverage: NCC B's interest payments on its debt are well covered by EBIT (51.1x coverage).


Balance Sheet


Dividend

What is NCC current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.86%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 24 2022Ex Dividend DateNov 07 2022Dividend Pay DateNov 11 20224 days from Ex DividendBuy in the next 166 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: NCC B's dividend (4.86%) is higher than the bottom 25% of dividend payers in the Swedish market (1.43%).

High Dividend: NCC B's dividend (4.86%) is in the top 25% of dividend payers in the Swedish market (4.8%)


Stability and Growth of Payments

Stable Dividend: NCC B's dividend payments have been volatile in the past 10 years.

Growing Dividend: NCC B's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.5%), NCC B's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (122.3%), NCC B's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Tomas Carlsson (56 yo)

4yrs

Tenure

kr17,010,000

Compensation

Mr. Tomas Carlsson has been President and Chief Executive Officer of NCC AB (publ) since September 01, 2019 and served as its Head of NCC Property Development since July 22, 2019 until September 01, 2019....


CEO Compensation Analysis

Compensation vs Market: Tomas's total compensation ($USD1.74M) is above average for companies of similar size in the Swedish market ($USD830.31K).

Compensation vs Earnings: Tomas's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NCC B's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: NCC B's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NCC B 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

NCC AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: NCC AB (publ)
  • Ticker: NCC B
  • Exchange: OM
  • Founded: 1935
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: kr13.684b
  • Shares outstanding: 107.41m
  • Website: https://www.ncc.se

Number of Employees


Location

  • NCC AB (publ)
  • Herrjärva torg 4
  • Solna
  • Stockholm County
  • 170 80
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.