Nordnet AB (publ)

OM:SAVE Stock Report

Market Cap: SEK 50.5b

Nordnet Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 SAVE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SAVE (SEK201) is trading above our estimate of fair value (SEK183.68)

Significantly Below Fair Value: SAVE is trading above our estimate of fair value.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SAVE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio3.4x

Price to Earnings Ratio vs Peers

How does SAVE's PE Ratio compare to its peers?

The above table shows the PE ratio for SAVE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.1x
AZA Avanza Bank Holding
17.1x5.7%SEK 35.4b
BURE Bure Equity
5xn/aSEK 26.5b
LUND B L E Lundbergföretagen
14.4xn/aSEK 124.0b
RATO B Ratos
8.1x3.7%SEK 10.6b
SAVE Nordnet
18.9x5.5%SEK 50.5b

Price-To-Earnings vs Peers: SAVE is expensive based on its Price-To-Earnings Ratio (18.9x) compared to the peer average (11.1x).

Price to Earnings Ratio vs Industry

How does SAVE's PE Ratio compare vs other companies in the European Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a46.2%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a46.2%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: SAVE is expensive based on its Price-To-Earnings Ratio (18.9x) compared to the European Capital Markets industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is SAVE'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.

SAVE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.9x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: SAVE is expensive based on its Price-To-Earnings Ratio (18.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).

Analyst Price Targets

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

The above table shows the analyst SAVE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 201.00
SEK 219.91
+9.4%
13.3%SEK 256.00SEK 171.00n/a11
Jul ’25SEK 224.00
SEK 195.91
-12.5%
10.9%SEK 225.00SEK 156.00n/a11
Jun ’25SEK 208.80
SEK 192.82
-7.7%
12.6%SEK 225.00SEK 156.00n/a11
May ’25SEK 199.20
SEK 188.00
-5.6%
15.5%SEK 225.00SEK 142.00n/a11
Apr ’25SEK 196.40
SEK 176.50
-10.1%
11.9%SEK 210.00SEK 143.00n/a10
Mar ’25SEK 194.30
SEK 176.50
-9.2%
11.9%SEK 210.00SEK 143.00n/a10
Feb ’25SEK 165.00
SEK 176.60
+7.0%
11.5%SEK 210.00SEK 143.00n/a10
Jan ’25SEK 171.00
SEK 183.70
+7.4%
11.3%SEK 210.00SEK 144.00n/a10
Dec ’24SEK 172.90
SEK 184.90
+6.9%
10.9%SEK 210.00SEK 150.00n/a10
Nov ’24SEK 157.50
SEK 185.40
+17.7%
10.9%SEK 210.00SEK 150.00n/a10
Oct ’24SEK 144.40
SEK 185.22
+28.3%
12.4%SEK 210.00SEK 147.00n/a9
Sep ’24SEK 146.80
SEK 188.78
+28.6%
10.4%SEK 210.00SEK 147.00n/a9
Aug ’24SEK 154.70
SEK 187.67
+21.3%
10.7%SEK 210.00SEK 147.00SEK 215.209
Jul ’24SEK 144.30
SEK 193.78
+34.3%
14.3%SEK 248.00SEK 144.00SEK 224.009
Jun ’24SEK 154.60
SEK 195.89
+26.7%
12.4%SEK 248.00SEK 163.00SEK 208.809
May ’24SEK 160.80
SEK 196.89
+22.4%
11.9%SEK 248.00SEK 162.00SEK 199.209
Apr ’24SEK 170.75
SEK 192.78
+12.9%
9.7%SEK 229.00SEK 156.00SEK 196.409
Mar ’24SEK 184.80
SEK 193.78
+4.9%
8.7%SEK 229.00SEK 165.00SEK 194.309
Feb ’24SEK 177.80
SEK 182.13
+2.4%
8.5%SEK 200.00SEK 160.00SEK 165.008
Jan ’24SEK 150.95
SEK 170.25
+12.8%
12.5%SEK 200.00SEK 138.00SEK 171.008
Dec ’23SEK 149.35
SEK 170.25
+14.0%
12.5%SEK 200.00SEK 138.00SEK 172.908
Nov ’23SEK 138.85
SEK 169.00
+21.7%
12.4%SEK 200.00SEK 138.00SEK 157.508
Oct ’23SEK 126.60
SEK 168.63
+33.2%
12.2%SEK 200.00SEK 137.00SEK 144.408
Sep ’23SEK 126.05
SEK 169.38
+34.4%
12.8%SEK 205.00SEK 137.00SEK 146.808
Aug ’23SEK 133.00
SEK 168.50
+26.7%
13.0%SEK 205.00SEK 137.00SEK 154.708

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy PolicyLogos provided by Clearbit
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.