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NCAB

NCAB GroupOM:NCAB Stock Report

Last Price

kr68.50

Market Cap

kr12.8b

7D

-3.7%

1Y

126.1%

Updated

19 Jan, 2022

Data

Company Financials +
NCAB fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
Dividends2/6

NCAB Stock Overview

NCAB Group AB (publ), together with its subsidiaries, manufactures and sells printed circuit boards (PCBs).

Price History & Performance

Summary of all time highs, changes and price drops for NCAB Group
Historical stock prices
Current Share Pricekr68.50
52 Week Highkr100.00
52 Week Lowkr27.00
Beta0.45
1 Month Change-17.77%
3 Month Change-4.73%
1 Year Change126.07%
3 Year Change715.48%
5 Year Changen/a
Change since IPO807.29%

Recent News & Updates

Dec 08
Here's Why I Think NCAB Group (STO:NCAB) Might Deserve Your Attention Today

Here's Why I Think NCAB Group (STO:NCAB) Might Deserve Your Attention Today

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Nov 24
NCAB Group (STO:NCAB) Has A Rock Solid Balance Sheet

NCAB Group (STO:NCAB) Has A Rock Solid Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Shareholder Returns

NCABSE ElectronicSE Market
7D-3.7%-6.9%-4.2%
1Y126.1%15.3%17.2%

Return vs Industry: NCAB exceeded the Swedish Electronic industry which returned 16.7% over the past year.

Return vs Market: NCAB exceeded the Swedish Market which returned 17.8% over the past year.

Price Volatility

Is NCAB's price volatile compared to industry and market?
NCAB volatility
NCAB Average Weekly Movement10.1%
Electronic Industry Average Movement8.6%
Market Average Movement6.9%
10% most volatile stocks in SE Market11.7%
10% least volatile stocks in SE Market3.9%

Stable Share Price: NCAB is more volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: NCAB's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Swedish stocks.

About the Company

FoundedEmployeesCEOWebsite
1993512Peter Krukhttps://www.ncabgroup.com

NCAB Group AB (publ), together with its subsidiaries, manufactures and sells printed circuit boards (PCBs). The company offers multilayer, high density interconnect, radio frequency, insulated metal base, flexible, rigid-flex, semi-flex, and double sided PCBs. Its products are used in various applications, including digital cameras, compact medical devices, surgical light, electrical car charging, mirror eye-camera, and other applications.

NCAB Group Fundamentals Summary

How do NCAB Group's earnings and revenue compare to its market cap?
NCAB fundamental statistics
Market Capkr12.81b
Earnings (TTM)kr244.57m
Revenue (TTM)kr2.76b

52.4x

P/E Ratio

4.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NCAB income statement (TTM)
Revenuekr2.76b
Cost of Revenuekr1.93b
Gross Profitkr832.41m
Expenseskr587.85m
Earningskr244.57m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 17, 2022

Earnings per share (EPS)1.31
Gross Margin30.18%
Net Profit Margin8.87%
Debt/Equity Ratio36.1%

How did NCAB perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

38%

Payout Ratio

Valuation

Is NCAB Group undervalued compared to its fair value and its price relative to the market?

52.37x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NCAB (SEK68.5) is trading above our estimate of fair value (SEK41.88)

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


Price To Earnings Ratio

PE vs Industry: NCAB is poor value based on its PE Ratio (52.4x) compared to the Swedish Electronic industry average (34x).

PE vs Market: NCAB is poor value based on its PE Ratio (52.4x) compared to the Swedish market (22.6x).


Price to Earnings Growth Ratio

PEG Ratio: NCAB is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: NCAB is overvalued based on its PB Ratio (15x) compared to the SE Electronic industry average (3.3x).


Future Growth

How is NCAB Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

18.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NCAB's forecast earnings growth (18.6% per year) is above the savings rate (0.3%).

Earnings vs Market: NCAB's earnings (18.6% per year) are forecast to grow faster than the Swedish market (4.3% per year).

High Growth Earnings: NCAB's earnings are forecast to grow, but not significantly.

Revenue vs Market: NCAB's revenue (15.3% per year) is forecast to grow faster than the Swedish market (5.1% per year).

High Growth Revenue: NCAB's revenue (15.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NCAB's Return on Equity is forecast to be high in 3 years time (39.9%)


Past Performance

How has NCAB Group performed over the past 5 years?

33.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NCAB has a high level of non-cash earnings.

Growing Profit Margin: NCAB's current net profit margins (8.9%) are higher than last year (6.1%).


Past Earnings Growth Analysis

Earnings Trend: NCAB's earnings have grown significantly by 33.2% per year over the past 5 years.

Accelerating Growth: NCAB's earnings growth over the past year (97.4%) exceeds its 5-year average (33.2% per year).

Earnings vs Industry: NCAB earnings growth over the past year (97.4%) exceeded the Electronic industry 21.4%.


Return on Equity

High ROE: NCAB's Return on Equity (28.6%) is considered high.


Financial Health

How is NCAB Group's financial position?


Financial Position Analysis

Short Term Liabilities: NCAB's short term assets (SEK1.2B) exceed its short term liabilities (SEK821.4M).

Long Term Liabilities: NCAB's short term assets (SEK1.2B) exceed its long term liabilities (SEK306.0M).


Debt to Equity History and Analysis

Debt Level: NCAB's net debt to equity ratio (21.9%) is considered satisfactory.

Reducing Debt: NCAB's debt to equity ratio has reduced from 102.3% to 36.1% over the past 5 years.

Debt Coverage: NCAB's debt is well covered by operating cash flow (24.5%).

Interest Coverage: NCAB's interest payments on its debt are well covered by EBIT (43x coverage).


Balance Sheet


Dividend

What is NCAB Group current dividend yield, its reliability and sustainability?

0.73%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NCAB's dividend (0.73%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (0.98%).

High Dividend: NCAB's dividend (0.73%) is low compared to the top 25% of dividend payers in the Swedish market (3.37%).


Stability and Growth of Payments

Stable Dividend: NCAB has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NCAB's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.2%), NCAB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NCAB's dividends in 3 years are forecast to be covered by earnings (51.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.0yrs

Average management tenure


CEO

Peter Kruk (53 yo)

1.25yrs

Tenure

kr4,005,000

Compensation

Mr. Peter Kruk serves as Director for NCAB Group AB (publ) since November 2021. He is the President and Chief Executive Officer of NCAB Group AB (publ) since October 1, 2020. He served as President of EMEA...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD440.27K) is below average for companies of similar size in the Swedish market ($USD756.57K).

Compensation vs Earnings: Insufficient data to compare Peter's compensation with company performance.


Leadership Team

Experienced Management: NCAB's management team is seasoned and experienced (13 years average tenure).


Board Members

Experienced Board: NCAB's board of directors are seasoned and experienced ( 10.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NCAB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

NCAB Group AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: NCAB Group AB (publ)
  • Ticker: NCAB
  • Exchange: OM
  • Founded: 1993
  • Industry: Electronic Components
  • Sector: Tech
  • Implied Market Cap: kr12.808b
  • Shares outstanding: 186.97m
  • Website: https://www.ncabgroup.com

Number of Employees


Location

  • NCAB Group AB (publ)
  • Mariehallsvagen 37 A
  • Bromma
  • Stockholm County
  • 168 65
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 21:20
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.