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Nord Insuretech Group NGM:NORDIG Stock Report

Last Price

SEK 0.20

Market Cap

SEK 48.7m

7D

0%

1Y

-76.2%

Updated

24 Nov, 2024

Data

Company Financials

Nord Insuretech Group AB (publ)

NGM:NORDIG Stock Report

Market Cap: SEK 48.7m

NORDIG Stock Overview

Operates a digital platform that allows users and partners to sell various insurance products in Norway. More details

NORDIG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

Rewards

Trading at 99.3% below our estimate of its fair value

Risk Analysis

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (SEK49M)

Makes less than USD$1m in revenue (SEK8M)

Highly volatile share price over the past 3 months compared to the Swedish market

+ 1 more risk

Nord Insuretech Group AB (publ) Competitors

Touchtech

NGM:TOUCH

SEK 49.6m

Zaplox

OM:ZAPLOX

SEK 41.4m

Amido

NGM:AMIDO

SEK 49.7m

Thinc Collective

NGM:THINC

SEK 35.1m

Price History & Performance

Summary of all time highs, changes and price drops for Nord Insuretech Group
Historical stock prices
Current Share PriceSEK 0.20
52 Week HighSEK 0.96
52 Week LowSEK 0.82
Beta0.42
11 Month Change-54.55%
3 Month Change-60.40%
1 Year Change-76.19%
33 Year Change-81.13%
5 Year Changen/a
Change since IPO-95.12%

Recent News & Updates

Recent updates

Nord Insuretech Group's (STO:NORDIG) Profits Appear To Have Quality Issues

Sep 06
Nord Insuretech Group's (STO:NORDIG) Profits Appear To Have Quality Issues

Shareholder Returns

NORDIGSE SoftwareSE Market
7D0%1.0%-0.2%
1Y-76.2%20.7%11.8%

Return vs Industry: NORDIG underperformed the Swedish Software industry which returned 20.7% over the past year.

Return vs Market: NORDIG underperformed the Swedish Market which returned 11.8% over the past year.

Price Volatility

Is NORDIG's price volatile compared to industry and market?
NORDIG volatility
NORDIG Average Weekly Movement21.3%
Software Industry Average Movement6.8%
Market Average Movement5.5%
10% most volatile stocks in SE Market11.2%
10% least volatile stocks in SE Market3.3%

Stable Share Price: NORDIG's share price has been volatile over the past 3 months compared to the Swedish market.

Volatility Over Time: NORDIG's weekly volatility (21%) has been stable over the past year, but is still higher than 75% of Swedish stocks.

About the Company

FoundedEmployeesCEOWebsite
201618Jan Myhrstadwww.nordinsuretechgroup.se

Nord Insuretech Group AB (publ) operates a digital platform that allows users and partners to sell various insurance products in Norway. Its platform operates as an intermediary that delivers digital and white-label solutions to consumers and businesses. The company was formerly known as Hudya AB (publ) and changed its name to Nord Insuretech Group AB (publ) in January 2021.

Nord Insuretech Group AB (publ) Fundamentals Summary

How do Nord Insuretech Group's earnings and revenue compare to its market cap?
NORDIG fundamental statistics
Market capSEK 48.67m
Earnings (TTM)-SEK 46.79m
Revenue (TTM)SEK 7.79m

6.2x

P/S Ratio

-1.0x

P/E Ratio

Is NORDIG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NORDIG income statement (TTM)
RevenueSEK 7.79m
Cost of RevenueSEK 19.24m
Gross Profit-SEK 11.46m
Other ExpensesSEK 35.34m
Earnings-SEK 46.79m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-0.19
Gross Margin-147.10%
Net Profit Margin-600.81%
Debt/Equity Ratio891.3%

How did NORDIG perform over the long term?

See historical performance and comparison