Nordisk Bergteknik (OM:NORB B) - Share price, News & Analysis

NORB B fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	5/6
Financial Health	3/6
Dividends	0/6

NORB B Stock Overview

Nordisk Bergteknik AB (publ), together with its subsidiaries, provides rock handling and foundation services in Sweden and Norway.

Rewards

Trading at 26.4% below our estimate of its fair value

Earnings are forecast to grow 29.64% per year

Earnings grew by 103.3% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Nordisk Bergteknik Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nordisk Bergteknik
Historical stock prices
Current Share Price	kr39.00
52 Week High	kr46.50
52 Week Low	kr25.01
Beta	0
1 Month Change	-6.02%
3 Month Change	8.18%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	50.00%

Recent News & Updates

Apr 15

Estimating The Fair Value Of Nordisk Bergteknik AB (publ) (STO:NORB B)

Does the April share price for Nordisk Bergteknik AB (publ) ( STO:NORB B ) reflect what it's really worth? Today, we...

Shareholder Returns

	NORB B	SE Construction	SE Market
7D	1.8%	2.4%	3.0%
1Y	n/a	-25.3%	-11.3%

Return vs Industry: Insufficient data to determine how NORB B performed against the Swedish Construction industry.

Return vs Market: Insufficient data to determine how NORB B performed against the Swedish Market.

Price Volatility

Is NORB B's price volatile compared to industry and market?
NORB B volatility
NORB B Average Weekly Movement	7.3%
Construction Industry Average Movement	6.6%
Market Average Movement	7.6%
10% most volatile stocks in SE Market	12.6%
10% least volatile stocks in SE Market	4.8%

Stable Share Price: NORB B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: NORB B's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1966	978	Andreas Christoffersson	https://nordiskbergteknik.se

Nordisk Bergteknik AB (publ), together with its subsidiaries, provides rock handling and foundation services in Sweden and Norway. Its rock handling services include drilling, excavation, wire sawing, rock reinforcement, shaft work, scaling, shotcreting, soil nailing, and grouting services; and rock safety and concrete rehabilitation of bridges, piers, and buildings, as well as offers hanging nets, bolting, and protection services against rockfalls. The company’s foundation services comprise piling, sheet piling, foundation reinforcement, grouting, soil nailing, and groundwater lowering.

Nordisk Bergteknik Fundamentals Summary

How do Nordisk Bergteknik's earnings and revenue compare to its market cap?
NORB B fundamental statistics
Market Cap	kr2.21b
Earnings (TTM)	kr47.70m
Revenue (TTM)	kr2.22b

46.3x

P/E Ratio

1.0x

P/S Ratio

Is NORB B overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
NORB B income statement (TTM)
Revenue	kr2.22b
Cost of Revenue	kr1.56b
Gross Profit	kr653.60m
Other Expenses	kr605.90m
Earnings	kr47.70m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 18, 2022

Earnings per share (EPS)	0.84
Gross Margin	29.50%
Net Profit Margin	2.15%
Debt/Equity Ratio	72.1%

How did NORB B perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

26.4%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: NORB B (SEK39) is trading below our estimate of fair value (SEK52.99)

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

Price To Earnings Ratio

PE vs Industry: NORB B is poor value based on its Price-To-Earnings Ratio (46.3x) compared to the Swedish Construction industry average (26.4x).

PE vs Market: NORB B is poor value based on its Price-To-Earnings Ratio (46.3x) compared to the Swedish market (17.8x).

Price to Earnings Growth Ratio

PEG Ratio: NORB B is poor value based on its PEG Ratio (1.6x)

Price to Book Ratio

PB vs Industry: NORB B's Price-To-Book Ratio (2.2x) is in line with the SE Construction industry average.

Future Growth

How is Nordisk Bergteknik 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

29.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NORB B's forecast earnings growth (29.6% per year) is above the savings rate (0.3%).

Earnings vs Market: NORB B's earnings (29.6% per year) are forecast to grow faster than the Swedish market (9.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NORB B's revenue (13.5% per year) is forecast to grow faster than the Swedish market (5.9% per year).

High Growth Revenue: NORB B's revenue (13.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NORB B's Return on Equity is forecast to be low in 3 years time (13.2%).

Past Performance

How has Nordisk Bergteknik 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

77.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NORB B has high quality earnings.

Growing Profit Margin: NORB B's current net profit margins (2.2%) are higher than last year (2.1%).

Past Earnings Growth Analysis

Earnings Trend: NORB B's earnings have grown significantly by 77.1% per year over the past 5 years.

Accelerating Growth: NORB B's earnings growth over the past year (103.3%) exceeds its 5-year average (77.1% per year).

Earnings vs Industry: NORB B earnings growth over the past year (103.3%) exceeded the Construction industry 9.3%.

Return on Equity

High ROE: NORB B's Return on Equity (5.1%) is considered low.

Financial Health

How is Nordisk Bergteknik's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: NORB B's short term assets (SEK1.0B) exceed its short term liabilities (SEK610.8M).

Long Term Liabilities: NORB B's short term assets (SEK1.0B) exceed its long term liabilities (SEK981.5M).

Debt to Equity History and Analysis

Debt Level: NORB B's net debt to equity ratio (40.8%) is considered high.

Reducing Debt: Insufficient data to determine if NORB B's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: NORB B's debt is not well covered by operating cash flow (13.9%).

Interest Coverage: NORB B's interest payments on its debt are well covered by EBIT (3.1x coverage).

Balance Sheet

Dividend

What is Nordisk Bergteknik current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

2.86%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate NORB B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NORB B's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NORB B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NORB B's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NORB B has not reported any payouts.

Discover strong dividend paying companies

Management

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

1.9yrs

Average board tenure

CEO

Andreas Christoffersson (47 yo)

12.33yrs

Tenure

kr4,400,000

Compensation

Mr. Andreas Christoffersson has been Group Chief Executive Officer at Nordisk Bergteknik AB (publ) since 2010 and also serves as its President. Mr. Christoffersson has experience from the sector. He is a C...

CEO Compensation Analysis

Compensation vs Market: Andreas's total compensation ($USD447.23K) is about average for companies of similar size in the Swedish market ($USD418.35K).

Compensation vs Earnings: Andreas's compensation has increased by more than 20% in the past year.

Board Members

Experienced Board: NORB B's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.

Ownership

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

Insider Trading Volume

Insider Buying: NORB B insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: NORB B only recently listed within the past 12 months.

Data	Last Updated (UTC time)
Company Analysis	2022/05/28 00:00
End of Day Share Price	2022/05/27 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31