Market Cap
kr43.0b
Last Updated
2021/04/19 17:47 UTC
Data Sources
Company Financials +
Executive Summary
Nordnet AB (publ) engages in the investments and savings, pensions, and loans businesses in Sweden, Norway, Denmark, and Finland. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with moderate growth potential.
Similar Companies
Share Price & News
How has Nordnet's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SAVE is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: Insufficient data to determine SAVE's volatility change over the past year.
Market Performance
7 Day Return
7.6%
SAVE
2.2%
SE Capital Markets
2.0%
SE Market
1 Year Return
n/a
SAVE
134.3%
SE Capital Markets
61.8%
SE Market
Return vs Industry: Insufficient data to determine how SAVE performed against the Swedish Capital Markets industry.
Return vs Market: Insufficient data to determine how SAVE performed against the Swedish Market.
Shareholder returns
| SAVE | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.6% | 2.2% | 2.0% |
| 30 Day | 16.1% | 16.4% | 7.0% |
| 90 Day | 30.4% | 40.2% | 16.2% |
| 1 Year | n/a | 137.2%134.3% | 65.8%61.8% |
| 3 Year | n/a | 146.8%126.6% | 74.2%55.6% |
| 5 Year | n/a | 171.4%133.1% | 109.4%68.3% |
Long-Term Price Volatility Vs. Market
How volatile is Nordnet's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In Nordnet AB (publ)'s (STO:SAVE) Shares?1 month ago | Simply Wall St
Nordnet AB (publ) (STO:SAVE) Investors Are Less Pessimistic Than ExpectedValuation
Is Nordnet undervalued compared to its fair value and its price relative to the market?
36.96x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SAVE (SEK168) is trading above our estimate of fair value (SEK79.53)
Significantly Below Fair Value: SAVE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SAVE is poor value based on its PE Ratio (37x) compared to the SE Capital Markets industry average (34.2x).
PE vs Market: SAVE is poor value based on its PE Ratio (37x) compared to the Swedish market (27.1x).
Price to Earnings Growth Ratio
PEG Ratio: SAVE is poor value based on its PEG Ratio (3.7x)
Price to Book Ratio
PB vs Industry: SAVE is overvalued based on its PB Ratio (10x) compared to the SE Capital Markets industry average (1.8x).
Future Growth
How is Nordnet forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
10.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAVE's forecast earnings growth (10% per year) is above the savings rate (0.4%).
Earnings vs Market: SAVE's earnings (10% per year) are forecast to grow faster than the Swedish market (8.1% per year).
High Growth Earnings: SAVE's earnings are forecast to grow, but not significantly.
Revenue vs Market: SAVE's revenue is expected to decline over the next 3 years (-0.3% per year).
High Growth Revenue: SAVE's revenue is forecast to decline over the next 3 years (-0.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SAVE's Return on Equity is forecast to be high in 3 years time (28.4%)
Past Performance
How has Nordnet performed over the past 5 years?
26.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SAVE has high quality earnings.
Growing Profit Margin: SAVE's current net profit margins (35.2%) are higher than last year (17.2%).
Past Earnings Growth Analysis
Earnings Trend: SAVE's earnings have grown significantly by 26.6% per year over the past 5 years.
Accelerating Growth: SAVE's earnings growth over the past year (260.7%) exceeds its 5-year average (26.6% per year).
Earnings vs Industry: SAVE earnings growth over the past year (260.7%) exceeded the Capital Markets industry 41.5%.
Return on Equity
High ROE: Whilst SAVE's Return on Equity (27.84%) is high, this metric is skewed due to their high level of debt.
Financial Health
How is Nordnet's financial position?
Financial Position Analysis
Short Term Liabilities: SAVE's short term assets (SEK31.4B) do not cover its short term liabilities (SEK60.9B).
Long Term Liabilities: SAVE's short term assets (SEK31.4B) do not cover its long term liabilities (SEK102.9B).
Debt to Equity History and Analysis
Debt Level: SAVE's debt to equity ratio (1247.8%) is considered high.
Reducing Debt: SAVE's debt to equity ratio has increased from 1043.5% to 1247.8% over the past 5 years.
Debt Coverage: SAVE's debt is well covered by operating cash flow (22.6%).
Interest Coverage: Insufficient data to determine if SAVE's interest payments on its debt are well covered by EBIT.
Balance Sheet
Dividend
What is Nordnet current dividend yield, its reliability and sustainability?
0.90%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SAVE's dividend (0.9%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.19%).
High Dividend: SAVE's dividend (0.9%) is low compared to the top 25% of dividend payers in the Swedish market (3.41%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether SAVE's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if SAVE's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.2%), SAVE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SAVE's dividends in 3 years are forecast to be covered by earnings (74.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Lars-Ake Norling (52 yo)
2.25yrs
Tenure
Mr. Lars-Åke Valdemar Norling has been the CEO of Nordnet AB (publ) since 2019. Mr. Norling is the Chief Executive Officer of Nordnet Bank AB. He has been an Independent Board Member of Tele2 AB since Sept...
Leadership Team
Experienced Management: SAVE's management team is considered experienced (2.3 years average tenure).
Board Members
Experienced Board: SAVE's board of directors are considered experienced (4.3 years average tenure).
Ownership
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.
Ownership Breakdown
Dilution of Shares: SAVE only recently listed within the past 12 months.
Top Shareholders
Company Information
Nordnet AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Nordnet AB (publ)
- Ticker: SAVE
- Exchange: OM
- Founded: 1996
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Market Cap: kr43.000b
- Shares outstanding: 250.00m
- Website: https://nordnetab.com
Number of Employees
Location
- Nordnet AB (publ)
- Alströmergatan 39
- Box 300 99
- Stockholm
- Stockholm County
- 104 25
- Sweden
Listings
Biography
Nordnet AB (publ) engages in the investments and savings, pensions, and loans businesses in Sweden, Norway, Denmark, and Finland. The company offers digital platform for savings and investment products, su...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/19 17:47 |
| End of Day Share Price | 2021/04/19 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.