NCC AB (publ) operates as a construction and property development company in Sweden, Norway, Denmark, and Finland.
Excellent balance sheet with reasonable growth potential and pays a dividend.
Share Price & News
How has NCC's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NCC B has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NCC B underperformed the Swedish Construction industry which returned 48% over the past year.
Return vs Market: NCC B exceeded the Swedish Market which returned 24.1% over the past year.
Price Volatility Vs. Market
How volatile is NCC's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StSome NCC (STO:NCC B) Shareholders Are Down 35%
3 weeks ago | Simply Wall StWhat Kind Of Investor Owns Most Of NCC AB (publ) (STO:NCC B)?
1 month ago | Simply Wall StWe Think NCC (STO:NCC B) Is Taking Some Risk With Its Debt
Is NCC undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NCC B (SEK192.7) is trading below our estimate of fair value (SEK353.24)
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 PE Ratio (23.8x) compared to the Construction industry average (23.8x).
PE vs Market: NCC B is poor value based on its PE Ratio (23.8x) compared to the Swedish market (20.2x).
Price to Earnings Growth Ratio
PEG Ratio: NCC B is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: NCC B is overvalued based on its PB Ratio (6.8x) compared to the SE Construction industry average (3.6x).
How is NCC forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NCC B's forecast earnings growth (21.5% per year) is above the savings rate (-0.4%).
Earnings vs Market: NCC B's earnings (21.5% per year) are forecast to grow faster than the Swedish market (8.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NCC B's revenue (3.1% per year) is forecast to grow slower than the Swedish market (4.7% per year).
High Growth Revenue: NCC B's revenue (3.1% 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 (33%)
How has NCC performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NCC B has high quality earnings.
Growing Profit Margin: NCC B became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: NCC B's earnings have declined by -40.3% per year over the past 5 years.
Accelerating Growth: NCC B has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NCC B has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (21.6%).
Return on Equity
High ROE: NCC B's Return on Equity (28.7%) is considered high.
Return on Assets
Return on Capital Employed
How is NCC's financial position?
Financial Position Analysis
Short Term Liabilities: NCC B's short term assets (SEK21.8B) exceed its short term liabilities (SEK17.4B).
Long Term Liabilities: NCC B's short term assets (SEK21.8B) exceed its long term liabilities (SEK9.4B).
Debt to Equity History and Analysis
Debt Level: NCC B's debt to equity ratio (90.8%) is considered high.
Reducing Debt: NCC B's debt to equity ratio has reduced from 103.9% to 90.8% over the past 5 years.
Debt Coverage: NCC B's debt is well covered by operating cash flow (80.1%).
Interest Coverage: NCC B's interest payments on its debt are well covered by EBIT (14.1x coverage).
Inventory Level: NCC B has a high level of physical assets or inventory.
Debt Coverage by Assets: NCC B's debt is covered by short term assets (assets are 7.9x debt).
What is NCC's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase NCC before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NCC B's dividend (2.59%) is higher than the bottom 25% of dividend payers in the Swedish market (1.59%).
High Dividend: NCC B's dividend (2.59%) is low compared to the top 25% of dividend payers in the Swedish market (4.14%).
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 increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.9%), NCC B's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NCC B's dividends in 3 years are forecast to be covered by earnings (58.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tomas Carlsson (54yo)
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 ($USD1.14M) is above average for companies of similar size in the Swedish market ($USD704.93K).
Compensation vs Earnings: Insufficient data to compare Tomas's compensation with company performance.
|President & CEO||1.8yrs||kr11.08m||0.028% SEK5.8m|
|Chief Financial Officer||1.3yrs||no data||no data|
|Head of Development & Operations Services||2.1yrs||no data||0.0019% SEK384.5k|
|Investor Relations Manager||0yrs||no data||no data|
|Senior Legal Counsel||2.3yrs||no data||no data|
|Head of Corporate Communication||0yrs||no data||no data|
|Head of Human Resource||0yrs||no data||no data|
|Chief Purchasing Officer||1.9yrs||no data||no data|
|Senior Vice President of Strategy||0yrs||no data||no data|
|Head of NCC Industry||3.4yrs||no data||0.0028% SEK582.0k|
Experienced Management: NCC B's management team is considered experienced (2 years average tenure).
|Project Manager of Building dept. & Employee representative Director||1.7yrs||no data||no data|
|Chairman||19.1yrs||no data||0.13% SEK26.2m|
|Director||5.8yrs||no data||0.10% SEK21.0m|
|Independent Director||11.8yrs||no data||0.0064% SEK1.3m|
|Independent Director||2.8yrs||no data||0.0028% SEK577.8k|
|Independent Director||2.8yrs||no data||0.046% SEK9.6m|
|Director||2.8yrs||no data||0.0048% SEK1.0m|
|Employee Representative Director||9.1yrs||no data||no data|
|Employee Representative Director||11.1yrs||no data||0.00019% SEK39.5k|
Experienced Board: NCC B's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
NCC AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: NCC AB (publ)
- Ticker: NCC B
- Exchange: OM
- Founded: 1918
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: kr20.784b
- Shares outstanding: 107.91m
- Website: https://www.ncc.se
Number of Employees
- NCC AB (publ)
- Vallgatan 3
- Stockholm County
- 170 80
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NCC A||OM (OMX Nordic Exchange Stockholm)||Series A Shares||SE||SEK||Jan 1992|
|NCC B||OM (OMX Nordic Exchange Stockholm)||Yes||Series B Shares||SE||SEK||Jan 1992|
|NCGB||DB (Deutsche Boerse AG)||Yes||Series B Shares||DE||EUR||Jan 1992|
|0OFP||LSE (London Stock Exchange)||Yes||Series B Shares||GB||SEK||Jan 1992|
|0OFO||LSE (London Stock Exchange)||Series A Shares||GB||SEK||Jan 1992|
|NCCBS||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Series B Shares||GB||SEK||Jan 1992|
|NCCAS||BATS-CHIXE (BATS 'Chi-X Europe')||Series A Shares||GB||SEK||Jan 1992|
NCC AB (publ) operates as a construction and property development company in Sweden, Norway, Denmark, and Finland. It operates through five segments: NCC Building Sweden, NCC Building Nordic, NCC Infrastructure, NCC Industry, and NCC Property Development. The company builds housing and offices, as well as constructs schools, hospitals, stores, and warehouses. It also designs and constructs infrastructure projects, such as tunnels, roads, and railways. In addition, the company produces stone materials and asphalt, as well as engages in piling works and paving. Further, it develops and sells commercial properties in metropolitan regions in Sweden, Norway, Denmark, and Finland. NCC AB was founded in 1918 and is headquartered in Solna, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/21 20:57|
|End of Day Share Price||2020/02/21 00:00|
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.