NCAB Group AB (publ)

OM:NCAB Stock Report

Market Cap: SEK 13.5b

NCAB Group Future Growth

Future criteria checks 5/6

NCAB Group is forecast to grow earnings and revenue by 23.8% and 10.4% per annum respectively. EPS is expected to grow by 23.7% per annum. Return on equity is forecast to be 24.9% in 3 years.

Key information

23.8%

Earnings growth rate

23.69%

EPS growth rate

Electronic earnings growth-0.6%
Revenue growth rate10.4%
Future return on equity24.93%
Analyst coverage

Low

Last updated27 Apr 2026

Recent future growth updates

NCAB Group AB (publ) Just Recorded A 14% EPS Beat: Here's What Analysts Are Forecasting Next

Apr 26
NCAB Group AB (publ) Just Recorded A 14% EPS Beat: Here's What Analysts Are Forecasting Next

Earnings Update: Here's Why Analysts Just Lifted Their NCAB Group AB (publ) (STO:NCAB) Price Target To kr58.50

Oct 28
Earnings Update: Here's Why Analysts Just Lifted Their NCAB Group AB (publ) (STO:NCAB) Price Target To kr58.50

NCAB Group AB (publ) Just Missed EPS By 32%: Here's What Analysts Think Will Happen Next

Jul 25
NCAB Group AB (publ) Just Missed EPS By 32%: Here's What Analysts Think Will Happen Next

Recent updates

NCAB Group AB (publ) Just Recorded A 14% EPS Beat: Here's What Analysts Are Forecasting Next

Apr 26
NCAB Group AB (publ) Just Recorded A 14% EPS Beat: Here's What Analysts Are Forecasting Next

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.

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?

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.

Does NCAB Group (STO:NCAB) Have A Healthy Balance Sheet?

Dec 16
Does NCAB Group (STO:NCAB) Have A Healthy Balance Sheet?

With NCAB Group AB (publ) (STO:NCAB) It Looks Like You'll Get What You Pay For

Nov 18
With NCAB Group AB (publ) (STO:NCAB) It Looks Like You'll Get What You Pay For

Earnings Update: Here's Why Analysts Just Lifted Their NCAB Group AB (publ) (STO:NCAB) Price Target To kr58.50

Oct 28
Earnings Update: Here's Why Analysts Just Lifted Their NCAB Group AB (publ) (STO:NCAB) Price Target To kr58.50

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.

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.

Calculating The Fair Value Of NCAB Group AB (publ) (STO:NCAB)

Oct 07
Calculating The Fair Value Of NCAB Group AB (publ) (STO:NCAB)

NCAB Group AB (publ) Just Missed EPS By 32%: Here's What Analysts Think Will Happen Next

Jul 25
NCAB Group AB (publ) Just Missed EPS By 32%: Here's What Analysts Think Will Happen Next

Investors Appear Satisfied With NCAB Group AB (publ)'s (STO:NCAB) Prospects

Jul 19
Investors Appear Satisfied With NCAB Group AB (publ)'s (STO:NCAB) Prospects

NCAB Group AB (publ) (STO:NCAB) Shares Could Be 22% Below Their Intrinsic Value Estimate

Jun 28
NCAB Group AB (publ) (STO:NCAB) Shares Could Be 22% Below Their Intrinsic Value Estimate

Investors Could Be Concerned With NCAB Group's (STO:NCAB) Returns On Capital

May 14
Investors Could Be Concerned With NCAB Group's (STO:NCAB) Returns On Capital

We Discuss Why NCAB Group AB (publ)'s (STO:NCAB) CEO Compensation May Be Closely Reviewed

May 02
We Discuss Why NCAB Group AB (publ)'s (STO:NCAB) CEO Compensation May Be Closely Reviewed

NCAB Group's (STO:NCAB) Dividend Will Be SEK1.10

Apr 27
NCAB Group's (STO:NCAB) Dividend Will Be SEK1.10

NCAB Group (STO:NCAB) Is Paying Out A Dividend Of SEK1.10

Apr 12
NCAB Group (STO:NCAB) Is Paying Out A Dividend Of SEK1.10

Earnings Miss: NCAB Group AB (publ) Missed EPS By 6.7% And Analysts Are Revising Their Forecasts

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) Shares Slammed 27% But Getting In Cheap Might Be Difficult Regardless

Mar 01
NCAB Group AB (publ) (STO:NCAB) Shares Slammed 27% But Getting In Cheap Might Be Difficult Regardless
User avatar

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.

NCAB Group AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Feb 16
NCAB Group AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

What NCAB Group AB (publ)'s (STO:NCAB) P/E Is Not Telling You

Dec 19
What NCAB Group AB (publ)'s (STO:NCAB) P/E Is Not Telling You

Is NCAB Group (STO:NCAB) A Risky Investment?

Dec 05
Is NCAB Group (STO:NCAB) A Risky Investment?

NCAB Group AB (publ) Just Missed EPS By 33%: Here's What Analysts Think Will Happen Next

Nov 08
NCAB Group AB (publ) Just Missed EPS By 33%: Here's What Analysts Think Will Happen Next

A Look At The Fair Value Of NCAB Group AB (publ) (STO:NCAB)

Aug 07
A Look At The Fair Value Of NCAB Group AB (publ) (STO:NCAB)

Earnings Miss: NCAB Group AB (publ) Missed EPS By 30% And Analysts Are Revising Their Forecasts

Jul 26
Earnings Miss: NCAB Group AB (publ) Missed EPS By 30% And Analysts Are Revising Their Forecasts

These 4 Measures Indicate That NCAB Group (STO:NCAB) Is Using Debt Reasonably Well

Jul 15
These 4 Measures Indicate That NCAB Group (STO:NCAB) Is Using Debt Reasonably Well

Is It Time To Consider Buying NCAB Group AB (publ) (STO:NCAB)?

May 26
Is It Time To Consider Buying NCAB Group AB (publ) (STO:NCAB)?

NCAB Group AB (publ)'s (STO:NCAB) Shares Climb 26% But Its Business Is Yet to Catch Up

May 12
NCAB Group AB (publ)'s (STO:NCAB) Shares Climb 26% But Its Business Is Yet to Catch Up

NCAB Group (STO:NCAB) Will Pay A Dividend Of SEK1.10

May 08
NCAB Group (STO:NCAB) Will Pay A Dividend Of SEK1.10

It Looks Like The CEO Of NCAB Group AB (publ) (STO:NCAB) May Be Underpaid Compared To Peers

May 02
It Looks Like The CEO Of NCAB Group AB (publ) (STO:NCAB) May Be Underpaid Compared To Peers

NCAB Group (STO:NCAB) Is Due To Pay A Dividend Of SEK1.10

Apr 22
NCAB Group (STO:NCAB) Is Due To Pay A Dividend Of SEK1.10

The NCAB Group AB (publ) (STO:NCAB) Yearly Results Are Out And Analysts Have Published New Forecasts

Apr 14
The NCAB Group AB (publ) (STO:NCAB) Yearly Results Are Out And Analysts Have Published New Forecasts

Earnings and Revenue Growth Forecasts

OM:NCAB - Analysts future estimates and past financials data (SEK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20285,2404795285924
12/31/20275,0084334735354
12/31/20264,5573513914354
3/31/20263,859229291299N/A
12/31/20253,743206280287N/A
9/30/20253,672195304310N/A
6/30/20253,621184299307N/A
3/31/20253,622217310315N/A
12/31/20243,614255349354N/A
9/30/20243,662281382394N/A
6/30/20243,770341521540N/A
3/31/20243,892369558591N/A
12/31/20234,088404648700N/A
9/30/20234,235408735798N/A
6/30/20234,398436688750N/A
3/31/20234,463476691746N/A
12/31/20224,458417525568N/A
9/30/20224,408421379404N/A
6/30/20224,104374174192N/A
3/31/20223,7443106274N/A
12/31/20213,2202854448N/A
9/30/20212,7582457376N/A
6/30/20212,431185141143N/A
3/31/20212,249128188190N/A
12/31/20202,115127192194N/A
9/30/20202,023124186192N/A
6/30/20201,926131175182N/A
3/31/20201,818134133141N/A
12/31/20191,781128N/A153N/A
9/30/20191,765130N/A149N/A
6/30/20191,746124N/A130N/A
3/31/20191,688116N/A106N/A
12/31/20181,617103N/A70N/A
9/30/20181,53856N/A41N/A
6/30/20181,46012N/A17N/A
3/31/20181,42028N/A10N/A
12/31/20171,40036N/A37N/A
12/31/20161,21961N/A82N/A
12/31/20151,20051N/A39N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NCAB's forecast earnings growth (23.8% per year) is above the savings rate (1.8%).

Earnings vs Market: NCAB's earnings (23.8% per year) are forecast to grow faster than the Swedish market (8.6% per year).

High Growth Earnings: NCAB's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NCAB's revenue (10.4% per year) is forecast to grow faster than the Swedish market (0.02% per year).

High Growth Revenue: NCAB's revenue (10.4% 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 (24.9%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/04 16:15
End of Day Share Price 2026/04/30 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Robert RedinCarnegie Investment Bank AB
Jacob EdlerDanske Bank
Robert RedinDNB Carnegie