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Nordisk Bergteknik AB (publ) (NORB-B.ST)

SEK10.90 +0.00 (+0.00%)
SE STO Industrials Engineering & Construction
Address Oestra Hamngatan 52 411 08
Gothenburg, SE
CEO Andreas Christoffersson
IPO 2021-10-12
ISIN SE0015812128

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Description

Nordisk Bergteknik AB (publ), through its various subsidiaries, delivers specialized rock handling and ground engineering solutions across Sweden and Norway. Their extensive rock management capabilities encompass a wide array of techniques, including drilling, excavation, wire sawing, rock reinforcement, shaft construction, scaling, shotcreting, soil nailing, and various grouting methods. Beyond this, they prioritize rock safety and the concrete restoration of vital structures such as bridges, piers, and buildings. Their offerings include installing protective nets, bolting, and implementing safeguards against rockfalls threatening both built environments and roadways. The firm's foundation engineering services involve piling, sheet piling, reinforcing existing foundations, grouting, and techniques for groundwater lowering. They undertake projects across diverse fields, including major infrastructure developments, general construction, renewable energy (specifically wind farms), mining operations, natural landscape management, and various other specialized domains. Established in 1966, Nordisk Bergteknik AB maintains its primary operations from Gothenburg, Sweden.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SEK10.90 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
27.6K
Beta
-0.13
Float Shares
17.67M
Free Float %
30.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.34% +0.44% -0.87% -19.50% -26.30% -15.30% +5.58% -63.21% -56.35% -56.35% -56.35%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
10.90
DCF (Unlevered) 67.60 +520.2%
DCF (Levered) 16.13 +48.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.55
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
1 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Engineering & Construction: +6.7%
    +4.4% Q1'26: -2.0% (vs Q1'25)
  • EPS growth Engineering & Construction: +20.8%
    +194.1% Q1'26: +218.2% (vs Q1'25)
  • FCF margin FCF growth · Engineering & Construction: +51.6%
    +0.7% Q1'26: -4.9% (vs Q1'25)
  • EBIT margin Engineering & Construction: +7.0%
    +3.6% Q1'26: +2.3% (vs Q1'25)
  • ROIC Engineering & Construction: +6.4%
    +2.8% Q1'26: +1.6% (vs Q1'25)
  • Share dilution Engineering & Construction: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×
    3.89× Q1'26: 3.99× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.13) × ERP
WACC = 27% × Ke + 73% × Kd (4.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 68.94 Current price: 10.90
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
2 EPS Ana.
Dec 2027
2 Rev. Ana.
2 EPS Ana.
Dec 2028
2 Rev. Ana.
2 EPS Ana.
Revenue
1.92B
est: 1.84B (+4.1%)
3.40B
est: 3.39B (+0.3%)
3.53B
est: 3.32B (+6.3%)
3.31B
est: 3.32B (-0.4%)
3.45B
est: 3.47B (-0.6%)
3.60B
3.58B – 3.63B
+3.8% YoY
3.76B
3.74B – 3.78B
+4.4% YoY
3.92B
3.91B – 3.92B
+4.1% YoY
EBITDA
249.60M
est: 228.27M (+9.3%)
479.00M
est: 420.19M (+14.0%)
457.60M
est: 439.41M (+4.1%)
442.90M
est: 439.77M (+0.7%)
440.40M
est: 459.88M (-4.2%)
477.49M
474.38M – 480.61M
+3.8% YoY
498.49M
495.97M – 501.01M
+4.4% YoY
519.02M
518.20M – 519.85M
+4.1% YoY
EBIT
103.20M
est: 83.04M (+24.3%)
230.60M
est: 152.86M (+50.9%)
146.10M
est: 154.80M (-5.6%)
113.90M
est: 154.93M (-26.5%)
123.70M
est: 162.01M (-23.6%)
168.22M
167.12M – 169.31M
+3.8% YoY
175.61M
174.73M – 176.50M
+4.4% YoY
182.85M
182.56M – 183.14M
+4.1% YoY
Net Income
44.70M
est: 77.56M (-42.4%)
144.40M
est: 151.11M (-4.4%)
40.40M
est: -4.00M (+1,110.0%)
9.60M
est: 20.32M (-52.8%)
28.50M
est: 49.51M (-42.4%)
69.26M
63.43M – 75.09M
+39.9% YoY
97.59M
92.15M – 103.03M
+40.9% YoY
119.40M
111.19M – 120.05M
+22.3% YoY
SGA
361.80M
est: 215.84M (+67.6%)
606.50M
est: 397.30M (+52.7%)
25.70M
est: 250.10M (-89.7%)
9.10M
est: 250.31M (-96.4%)
est: 261.75M (-100.0%)
271.78M
270.01M – 273.55M
+3.8% YoY
283.73M
282.30M – 285.16M
+4.4% YoY
295.42M
294.95M – 295.89M
+4.1% YoY
EPS
1.28
est: 1.36 (-5.5%)
2.67
est: 2.64 (+1.1%)
0.71
est: -0.07 (+1,116.0%)
0.17
est: 0.36 (-52.1%)
0.50
est: 0.87 (-42.2%)
1.21
1.11 – 1.31
+39.9% YoY
1.71
1.61 – 1.80
+40.9% YoY
2.02
1.94 – 2.10
+18.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B+ 3/5 4/5 2/5 3/5 1/5 3/5 5/5
2026-05-11 B+ 3/5 4/5 2/5 3/5 1/5 3/5 5/5
2026-05-08 B+ 3/5 4/5 2/5 3/5 1/5 3/5 5/5
2026-05-07 B+ 3/5 4/5 2/5 3/5 1/5 3/5 5/5
2026-05-06 B+ 3/5 4/5 2/5 3/5 1/5 3/5 5/5
2026-05-05 B 3/5 4/5 2/5 3/5 1/5 2/5 5/5
2026-05-04 B 3/5 4/5 2/5 3/5 1/5 2/5 5/5
2026-04-30 B 3/5 4/5 2/5 3/5 1/5 2/5 5/5
2026-04-29 B 3/5 4/5 2/5 3/5 1/5 2/5 5/5
2026-04-28 B 3/5 4/5 2/5 3/5 1/5 2/5 5/5
2026-04-27 B+ 3/5 4/5 2/5 4/5 1/5 2/5 5/5
2026-04-24 B+ 3/5 4/5 2/5 4/5 1/5 2/5 5/5
2026-04-23 B+ 3/5 4/5 2/5 4/5 1/5 2/5 5/5
2026-04-22 B+ 3/5 4/5 2/5 4/5 1/5 2/5 5/5
2026-04-21 B+ 3/5 4/5 2/5 4/5 1/5 2/5 5/5
2026-04-20 B+ 3/5 4/5 2/5 4/5 1/5 2/5 5/5
2026-04-17 B+ 3/5 4/5 2/5 4/5 1/5 2/5 5/5
2026-04-16 B+ 3/5 4/5 2/5 4/5 1/5 2/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
106.47M
OE per share TTM
1.86
Owner's Yield
16.39%
Maintenance CapEx ratio
160.34%
Maint CapEx / Avg PPE
37.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
110.2K
Shares Outstanding
57.24M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Andreas Christoffersson President & Chief Executive Officer 4M male
Victor Orn Deputy Group Chief Executive Officer 200.0K male
Goran Sandback Sales & Purchasing Manager
Johan Lundqvist Chief Financial Officer male
Niklas Alm IR & Communications Manager male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits