NCAB Group (NCAB) Stock Overview
Engages in the manufacture and sale of printed circuit boards (PCBs) in Sweden, Nordic region, rest of Europe, North America, and Asia. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 5/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
NCAB Community Fair Values
Create NarrativeSee what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
NCAB Group AB (publ) Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | SEK 74.00 |
| 52 Week High | SEK 76.90 |
| 52 Week Low | SEK 38.12 |
| Beta | 1.05 |
| 1 Month Change | 9.96% |
| 3 Month Change | 55.27% |
| 1 Year Change | 60.52% |
| 3 Year Change | -8.25% |
| 5 Year Change | 59.65% |
| Change since IPO | 880.13% |
Recent News & Updates
Narrative Update • May 11
NCAB: Fair Outlook As M&A Pipeline And Dividend Balance Recent Downgrades
The analyst price target for NCAB Group has shifted from SEK 74 to SEK 79, with analysts citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E, despite recent downgrades from Pareto and Nordea. Analyst Commentary Recent research on NCAB Group reflects a mixed view, with some analysts adjusting valuation assumptions higher while others have issued downgrades.Analysis Article • Apr 26
NCAB Group AB (publ) Just Recorded A 14% EPS Beat: Here's What Analysts Are Forecasting Next
NCAB Group AB (publ) ( STO:NCAB ) just released its quarterly report and things are looking bullish. It was overall a...Narrative Update • Apr 25
NCAB: Fair Outlook As M&A Plans And Dividend Offset Cautious Downgrade
Analysts now set a higher price target for NCAB Group, lifting it from SEK 61.25 to SEK 74.00, citing updated assumptions on revenue growth, profit margins, and a slightly adjusted discount rate, even though some recent research, such as Nordea's downgrade, reflects more cautious views on the shares. Analyst Commentary Bullish Takeaways Bullish analysts view the raised target of SEK 74.00 as reflecting updated assumptions on revenue and margins that, in their view, are not yet fully reflected in the current share price.
New Narrative • Apr 24
Rising Input Costs And Outsourced Capacity Constraints Will Pressure Margins And Cash Flow
Catalysts About NCAB Group NCAB Group supplies printed circuit boards for demanding industrial, medical, aerospace, defense and power applications using an asset light model and an outsourced global factory network. What are the underlying business or industry changes driving this perspective?Recent updates
Narrative Update • May 11
NCAB: Fair Outlook As M&A Pipeline And Dividend Balance Recent Downgrades
The analyst price target for NCAB Group has shifted from SEK 74 to SEK 79, with analysts citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E, despite recent downgrades from Pareto and Nordea. Analyst Commentary Recent research on NCAB Group reflects a mixed view, with some analysts adjusting valuation assumptions higher while others have issued downgrades.Analysis Article • Apr 26
NCAB Group AB (publ) Just Recorded A 14% EPS Beat: Here's What Analysts Are Forecasting Next
NCAB Group AB (publ) ( STO:NCAB ) just released its quarterly report and things are looking bullish. It was overall a...Narrative Update • Apr 25
NCAB: Fair Outlook As M&A Plans And Dividend Offset Cautious Downgrade
Analysts now set a higher price target for NCAB Group, lifting it from SEK 61.25 to SEK 74.00, citing updated assumptions on revenue growth, profit margins, and a slightly adjusted discount rate, even though some recent research, such as Nordea's downgrade, reflects more cautious views on the shares. Analyst Commentary Bullish Takeaways Bullish analysts view the raised target of SEK 74.00 as reflecting updated assumptions on revenue and margins that, in their view, are not yet fully reflected in the current share price.New Narrative • Apr 24
Rising Input Costs And Outsourced Capacity Constraints Will Pressure Margins And Cash Flow
Catalysts About NCAB Group NCAB Group supplies printed circuit boards for demanding industrial, medical, aerospace, defense and power applications using an asset light model and an outsourced global factory network. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 09
NCAB: Raised Fair Value And M&A Pipeline Will Shape Balanced Outlook
Analysts have raised their fair value estimate for NCAB Group to SEK 61.25 from SEK 55, citing recent upgrades and a more constructive stance in Street research on the stock. Analyst Commentary Bullish Takeaways Bullish analysts see the higher fair value estimate of SEK 61.25 as better aligned with recent upgrades, suggesting the stock's risk and reward profile is now viewed more favorably than at SEK 55.Analysis Article • Dec 16
Does NCAB Group (STO:NCAB) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Nov 18
With NCAB Group AB (publ) (STO:NCAB) It Looks Like You'll Get What You Pay For
NCAB Group AB (publ)'s ( STO:NCAB ) price-to-earnings (or "P/E") ratio of 49.9x might make it look like a strong sell...Analysis Article • Oct 28
Earnings Update: Here's Why Analysts Just Lifted Their NCAB Group AB (publ) (STO:NCAB) Price Target To kr58.50
Shareholders will be ecstatic, with their stake up 21% over the past week following NCAB Group AB (publ) 's ( STO:NCAB...Narrative Update • Oct 22
Analysts Adjust NCAB Group Price Target Amid Mixed Outlook and Stable Valuation Metrics
NCAB Group's analyst price target has been slightly decreased from SEK 55 to SEK 54. Analysts cite more cautious expectations regarding the company's near-term performance.Narrative Update • Oct 08
European Recovery And M&A Consolidation Will Unlock Future Potential
Analysts have lowered their price target for NCAB Group from SEK 55.75 to SEK 55.00, as they cite slightly reduced growth and profitability expectations in their latest assessment. Analyst Commentary Following the revised outlook, analysts have provided additional insights on NCAB Group's valuation and future prospects.Analysis Article • Oct 07
Calculating The Fair Value Of NCAB Group AB (publ) (STO:NCAB)
Key Insights The projected fair value for NCAB Group is kr57.11 based on 2 Stage Free Cash Flow to Equity NCAB Group's...Analysis Article • Jul 25
NCAB Group AB (publ) Just Missed EPS By 32%: Here's What Analysts Think Will Happen Next
It's been a good week for NCAB Group AB (publ) ( STO:NCAB ) shareholders, because the company has just released its...Analysis Article • Jul 19
Investors Appear Satisfied With NCAB Group AB (publ)'s (STO:NCAB) Prospects
NCAB Group AB (publ)'s ( STO:NCAB ) price-to-earnings (or "P/E") ratio of 47.3x might make it look like a strong sell...Analysis Article • Jun 28
NCAB Group AB (publ) (STO:NCAB) Shares Could Be 22% Below Their Intrinsic Value Estimate
Key Insights Using the 2 Stage Free Cash Flow to Equity, NCAB Group fair value estimate is kr62.12 NCAB Group's kr48.58...Analysis Article • May 14
Investors Could Be Concerned With NCAB Group's (STO:NCAB) Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • May 02
We Discuss Why NCAB Group AB (publ)'s (STO:NCAB) CEO Compensation May Be Closely Reviewed
Key Insights NCAB Group to hold its Annual General Meeting on 8th of May CEO Peter Kruk's total compensation includes...Analysis Article • Apr 27
NCAB Group's (STO:NCAB) Dividend Will Be SEK1.10
NCAB Group AB (publ) ( STO:NCAB ) will pay a dividend of SEK1.10 on the 15th of May. Based on this payment, the...Analysis Article • Apr 12
NCAB Group (STO:NCAB) Is Paying Out A Dividend Of SEK1.10
NCAB Group AB (publ) ( STO:NCAB ) will pay a dividend of SEK1.10 on the 15th of May. The dividend yield will be 2.8...Analysis Article • Apr 11
Earnings Miss: NCAB Group AB (publ) Missed EPS By 6.7% And Analysts Are Revising Their Forecasts
NCAB Group AB (publ) ( STO:NCAB ) just released its latest yearly report and things are not looking great. NCAB Group...Analysis Article • Mar 01
NCAB Group AB (publ) (STO:NCAB) Shares Slammed 27% But Getting In Cheap Might Be Difficult Regardless
NCAB Group AB (publ) ( STO:NCAB ) shareholders won't be pleased to see that the share price has had a very rough month...
New Narrative • Feb 24
Expanding Manufacturing Outside China Will Improve Market Position In North America
Strategic acquisitions and focus on high-demand industries support revenue growth and premium pricing for specialized services, enhancing market presence.Analysis Article • Feb 16
NCAB Group AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
As you might know, NCAB Group AB (publ) ( STO:NCAB ) last week released its latest yearly, and things did not turn out...Analysis Article • Dec 19
What NCAB Group AB (publ)'s (STO:NCAB) P/E Is Not Telling You
When close to half the companies in Sweden have price-to-earnings ratios (or "P/E's") below 23x, you may consider NCAB...Analysis Article • Dec 05
Is NCAB Group (STO:NCAB) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Nov 08
NCAB Group AB (publ) Just Missed EPS By 33%: Here's What Analysts Think Will Happen Next
As you might know, NCAB Group AB (publ) ( STO:NCAB ) recently reported its third-quarter numbers. Statutory earnings...Analysis Article • Aug 07
A Look At The Fair Value Of NCAB Group AB (publ) (STO:NCAB)
Key Insights The projected fair value for NCAB Group is kr68.92 based on 2 Stage Free Cash Flow to Equity With kr69.20...Analysis Article • Jul 26
Earnings Miss: NCAB Group AB (publ) Missed EPS By 30% And Analysts Are Revising Their Forecasts
As you might know, NCAB Group AB (publ) ( STO:NCAB ) last week released its latest quarterly, and things did not turn...Analysis Article • Jul 15
These 4 Measures Indicate That NCAB Group (STO:NCAB) Is Using Debt Reasonably Well
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • May 26
Is It Time To Consider Buying NCAB Group AB (publ) (STO:NCAB)?
NCAB Group AB (publ) ( STO:NCAB ), is not the largest company out there, but it received a lot of attention from a...Analysis Article • May 12
NCAB Group AB (publ)'s (STO:NCAB) Shares Climb 26% But Its Business Is Yet to Catch Up
NCAB Group AB (publ) ( STO:NCAB ) shares have had a really impressive month, gaining 26% after a shaky period...Analysis Article • May 08
NCAB Group (STO:NCAB) Will Pay A Dividend Of SEK1.10
NCAB Group AB (publ)'s ( STO:NCAB ) investors are due to receive a payment of SEK1.10 per share on 16th of May. This...Analysis Article • May 02
It Looks Like The CEO Of NCAB Group AB (publ) (STO:NCAB) May Be Underpaid Compared To Peers
Key Insights NCAB Group's Annual General Meeting to take place on 8th of May Salary of kr3.52m is part of CEO Peter...Analysis Article • Apr 22
NCAB Group (STO:NCAB) Is Due To Pay A Dividend Of SEK1.10
NCAB Group AB (publ) ( STO:NCAB ) will pay a dividend of SEK1.10 on the 16th of May. This means the annual payment is...Analysis Article • Apr 14
The NCAB Group AB (publ) (STO:NCAB) Yearly Results Are Out And Analysts Have Published New Forecasts
Last week, you might have seen that NCAB Group AB (publ) ( STO:NCAB ) released its annual result to the market. The...Shareholder Returns
| NCAB | SE Electronic | SE Market | |
|---|---|---|---|
| 7D | 1.0% | 0.5% | -1.4% |
| 1Y | 60.5% | 6.7% | 7.3% |
Return vs Industry: NCAB exceeded the Swedish Electronic industry which returned 6.7% over the past year.
Return vs Market: NCAB exceeded the Swedish Market which returned 7.3% over the past year.
Price Volatility
| NCAB volatility | |
|---|---|
| NCAB Average Weekly Movement | 6.6% |
| Electronic Industry Average Movement | 6.5% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in SE Market | 13.5% |
| 10% least volatile stocks in SE Market | 3.7% |
Stable Share Price: NCAB has not had significant price volatility in the past 3 months compared to the Swedish market.
Volatility Over Time: NCAB's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | 656 | Peter Kruk | www.ncabgroup.com |
NCAB Group AB (publ) engages in the manufacture and sale of printed circuit boards (PCBs) in Sweden, Nordic region, rest of Europe, North America, and Asia. The company offers multilayer, high-density interconnect, radio frequency, insulated metal base, flexible, rigid-flex, semi-flex, heavy copper, and double-sided PCBs. It serves aerospace, defense, automotive, datacom, industrial, medical, power/energy, railway, safety-critical, and telecom industries.
NCAB Group AB (publ) Fundamentals Summary
| NCAB fundamental statistics | |
|---|---|
| Market cap | SEK 13.84b |
| Earnings (TTM) | SEK 228.54m |
| Revenue (TTM) | SEK 3.86b |
60.5x
P/E Ratio3.6x
P/S RatioIs NCAB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NCAB income statement (TTM) | |
|---|---|
| Revenue | SEK 3.86b |
| Cost of Revenue | SEK 2.51b |
| Gross Profit | SEK 1.35b |
| Other Expenses | SEK 1.12b |
| Earnings | SEK 228.54m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 22, 2026
| Earnings per share (EPS) | 1.22 |
| Gross Margin | 34.94% |
| Net Profit Margin | 5.92% |
| Debt/Equity Ratio | 69.0% |
How did NCAB perform over the long term?
See historical performance and comparisonDividends
1.5%
Current Dividend Yield90%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/17 16:16 |
| End of Day Share Price | 2026/05/15 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
NCAB Group AB (publ) is covered by 6 analysts. 4 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 |
|---|---|
| Robert Redin | Carnegie Investment Bank AB |
| Jacob Edler | Danske Bank |
| Robert Redin | DNB Carnegie |