Terranor Group (TERNOR) Stock Overview

Operates as infrastructure and road maintenance company in Sweden, Denmark, and Finland. More details

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

Rewards

Trading at 70.7% below our estimate of its fair value

Earnings are forecast to grow 44.11% per year

Revenue grew by 10.3% over the past year

Risk Analysis

Does not have a meaningful market cap (SEK626M)

TERNOR Community Fair Values

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US$9.21

11.7% overvalued

Jolt_Communications Fair Value

Revenue growth

64.98% p.a.

Profit Margin

15%

Future PE

35x

Share price in 2030

US$14.83

Terranor Group AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for Terranor Group
Historical stock prices
Current Share Price	SEK 31.30
52 Week High	SEK 32.50
52 Week Low	SEK 18.76
Beta	0
1 Month Change	30.42%
3 Month Change	55.72%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	56.50%

Recent updates

Shareholder Returns

	TERNOR	SE Construction	SE Market
7D	9.4%	1.8%	2.7%
1Y	n/a	0.8%	-1.2%

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

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

Price Volatility

Is TERNOR's price volatile compared to industry and market?
TERNOR volatility
TERNOR Average Weekly Movement	6.1%
Construction Industry Average Movement	5.4%
Market Average Movement	5.8%
10% most volatile stocks in SE Market	12.1%
10% least volatile stocks in SE Market	3.0%

Stable Share Price: TERNOR has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: Insufficient data to determine TERNOR's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2018	686	Michael Berglin	terranorgroup.com

Terranor Group AB (publ) operates as infrastructure and road maintenance company in Sweden, Denmark, and Finland. The company involved in the operation and maintenance of roads together with light road works; construction and maintenance of green areas; and stand-alone temporary road safety services. Its principal customer base consists of government authorities, municipalities, and private operators.

Terranor Group AB (publ) Fundamentals Summary

How do Terranor Group's earnings and revenue compare to its market cap?
TERNOR fundamental statistics
Market cap	SEK 626.00m
Earnings (TTM)	SEK 46.21m
Revenue (TTM)	SEK 3.25b

13.5x

P/E Ratio

0.2x

P/S Ratio

Is TERNOR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TERNOR income statement (TTM)
Revenue	SEK 3.25b
Cost of Revenue	SEK 2.84b
Gross Profit	SEK 414.56m
Other Expenses	SEK 368.35m
Earnings	SEK 46.21m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Nov 11, 2025

Earnings per share (EPS)	2.31
Gross Margin	12.74%
Net Profit Margin	1.42%
Debt/Equity Ratio	46.2%

How did TERNOR perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/05 15:05
End of Day Share Price	2025/10/03 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Terranor Group AB (publ) is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Markus Almerud	DNB Carnegie Commissioned Research

Terranor Group AB (publ)OM:TERNOR Stock Report