Nordisk Bergteknik AB (publ)

OM:NORB B Stock Report

Market Cap: SEK 732.6m

Nordisk Bergteknik Valuation

Is NORB B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: NORB B (SEK12.8) is trading below our estimate of fair value (SEK12.86)

Significantly Below Fair Value: NORB B is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NORB B?

Key metric: As NORB B is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NORB B. This is calculated by dividing NORB B's market cap by their current earnings.
What is NORB B's PE Ratio?
PE Ratio40.3x
EarningsSEK 18.20m
Market CapSEK 732.64m

Price to Earnings Ratio vs Peers

How does NORB B's PE Ratio compare to its peers?

The above table shows the PE ratio for NORB B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.1x
NETEL Netel Holding
13.6x56.3%SEK 647.1m
BYGGP ByggPartner Gruppen
21.2xn/aSEK 739.1m
TRAIN B Train Alliance
37.3xn/aSEK 1.5b
FG Fasadgruppen Group
16.3x64.3%SEK 2.0b
NORB B Nordisk Bergteknik
40.3x78.6%SEK 732.6m

Price-To-Earnings vs Peers: NORB B is expensive based on its Price-To-Earnings Ratio (40.3x) compared to the peer average (22.1x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
NORB B 40.3xIndustry Avg. 12.9xNo. of Companies18PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NORB B is expensive based on its Price-To-Earnings Ratio (40.3x) compared to the European Construction industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

What is NORB B'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.

NORB B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.3x
Fair PE Ratio60.7x

Price-To-Earnings vs Fair Ratio: NORB B is good value based on its Price-To-Earnings Ratio (40.3x) compared to the estimated Fair Price-To-Earnings Ratio (60.7x).

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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