Nordic Flanges Group AB (NFGAB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Nordic Flanges Group AB stock SEK 18.11, price SEK 33.00, that is 45.1% below the price, quality 61 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range kr 6.80 – kr 122.00 · fair‑value band kr 16.17 – kr 19.91 · the kr 33.00 price screens above the kr 18.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Nordic Flanges Group AB (publ) manufactures and sells industrial flanges in Sweden, the rest of the Nordic region, the United States, and internationally. The company provides flanges in stainless steel, carbon steel, special alloys, titanium, and aluminum; welding necks and rings; and loose flanges.
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The company was formerly known as Vinovo AB (publ) and changed its name to Nordic Flanges Group AB (publ) in March 2015. Nordic Flanges Group AB (publ) was incorporated in 2005 and is headquartered in Stockholm, Sweden.
Stock analysis
Nordic Flanges Group AB (NFGAB) currently trades at kr 33.00, while our model-based Fair Value estimate is kr 18.11, 45% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 87.86 per share, and 9 of the 14 models we run sit above the kr 33.00 price.
Bear case: the Asset-Based group reads lowest at kr 5.03, and 5 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 16.17 (bear) to kr 19.91 (bull), the price of kr 33.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Nordic Flanges Group AB reported revenue of 228M SEK in FY2025 versus 191M SEK in FY2021, a compound +4.5%/yr. Reported net income was −2.5M SEK in FY2025.
Key figures
Market cap 75.7M SEK (≈ $7.7M) Micro · P/E ratio 5.7 · P/S ratio 0.30 · EPS (TTM) kr 5.74 · Net margin −1.1% · Return on equity 34.7% · Return on assets (EBIT) −4.3% (5-year average) · Operating margin 8.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 224% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −45%, NFGAB screens richer than that median.
Fair Value models
Bearkr 16.17Fair Value kr 18.11Bullkr 19.91
Price kr 33.00 · Downside -45.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 4.92 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.51/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.8%
Start year 2020 (pandemic). Over 10 years: −0.7% a year
Revenue growth 16 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−5.5%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−3.8% (2020) → 1.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about −4.6% a year for the price.
Compare Nordic Flanges Group AB with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Metal Fabrication · 260 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside−45.1% · Below median
Profitability
Return on equity (12 months)34.7% · Top 25%
Return on assets−2.3% · Bottom 25%
Net margin (12 months)3.0% · Below median
Operating margin (12 months)8.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)15.8% · Above median
Balance sheet
Debt / equity0.20× · Above median
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Nordic Flanges Group AB Fair Value". https://www.fairvalue-calculator.com/stock/NFGAB
Frequently asked questions
Is Nordic Flanges Group AB (NFGAB) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of kr 18.11 versus a price of kr 33.00, about 45% lower (overvalued).
What is the fair value of NFGAB?
Our model-based fair value for Nordic Flanges Group AB is kr 18.11 (as of Nov 4, 2026), built from audited fundamentals. The current price: kr 33.00.
What is the quality score of NFGAB?
Nordic Flanges Group AB has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Nordic Flanges Group AB (NFGAB)?
Our model-based price target is the fair value of kr 18.11 (as of Nov 4, 2026) from 14 valuation models. Cautious scenario kr 16.17, optimistic scenario kr 19.91. It is a calculation from audited fundamentals, not an analyst target.
What is the Nordic Flanges Group AB stock forecast for 2026?
Our models put fair value at kr 18.11, about 45% lower versus a price of kr 33.00 (overvalued). Cautious scenario kr 16.17, optimistic scenario kr 19.91. The calculation is refreshed regularly with new filings.
What is the revenue of Nordic Flanges Group AB (NFGAB)?
Nordic Flanges Group AB reported trailing-twelve-month revenue of about 237M SEK (latest available figure, as of Nov 4, 2026).
What growth is priced into Nordic Flanges Group AB (NFGAB)?
For today's price to be fair in a discounted-cash-flow model, Nordic Flanges Group AB would have to grow free cash flow by -2.7 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.8 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of NFGAB use?
Our models discount Nordic Flanges Group AB at 9.5 %: a base by market capitalisation (nano), country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Nordic Flanges Group AB that is -2.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Nordic Flanges Group AB (NFGAB) delivered so far?
Over the past 5 years revenue at Nordic Flanges Group AB grew +3.8 % a year. The price currently implies free-cash-flow growth of -2.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Nordic Flanges Group AB (NFGAB) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Nordic Flanges Group AB (-2.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nordic Flanges Group AB (NFGAB)?
The free-cash-flow yield on the price is 12.78 %: that much free cash flow Nordic Flanges Group AB produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nordic Flanges Group AB (NFGAB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nordic Flanges Group AB it is kr 18.11 per share (as of Nov 4, 2026), against a price of kr 33.00. It is the blended result of 14 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Nordic Flanges Group AB stock overvalued or undervalued in 2026?
As of Nov 4, 2026, NFGAB trades above its calculated fair value: price kr 33.00, fair value kr 18.11, a gap of about −45% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NFGAB?
No. The price is what the market pays today (kr 33.00); the fair value is what the company's own numbers justify (kr 18.11). For Nordic Flanges Group AB the two are kr 14.89 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nordic Flanges Group AB worth?
The market values Nordic Flanges Group AB at about 75.7M SEK (market capitalisation, as of Nov 4, 2026). Per share that is kr 33.00; our models calculate a fair value of kr 18.11 per share.
What do the bullish and bearish scenarios say about NFGAB?
Our models span a range for Nordic Flanges Group AB: cautious scenario kr 16.17, base kr 18.11, optimistic kr 19.91 per share (as of Nov 4, 2026, price kr 33.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NFGAB?
Nordic Flanges Group AB trades at a price-to-earnings ratio of 5.7 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 18.11 is built from several models across several years. Other multiples: P/B 4.4, P/S 0.3, EV/EBITDA 2.8.
How solid is the balance sheet of Nordic Flanges Group AB (NFGAB)?
Balance-sheet figures for Nordic Flanges Group AB (as of Nov 4, 2026): return on equity 34.7%, debt of 0.20 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is NFGAB from its 52-week high?
Nordic Flanges Group AB trades at kr 33.00, about 13% below its 52-week high of kr 37.80 and 224% above the low of kr 10.20 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 18.11 is for.
Which stocks are comparable to Nordic Flanges Group AB?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Nordic Flanges Group AB stock attractive at the current price?
The data as of Nov 4, 2026: price kr 33.00, calculated fair value kr 18.11 (−45%), Quality Score 61/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NFGAB calculated?
We run Nordic Flanges Group AB through 14 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 18.11 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Nordic Flanges Group AB itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Nordic Flanges Group AB (NFGAB)?
The closing price on Nov 6, 2026 was kr 33.00. Our model-based fair value is kr 18.11, about 45% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nordic Flanges Group AB right now?
The price sits above even our optimistic bull case (kr 19.91). The favourable scenario is already priced in. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Nordic Flanges Group AB
How large is the market capitalisation of Nordic Flanges Group AB (NFGAB)?
The market capitalisation of Nordic Flanges Group AB is 75.7M SEK (≈ $7.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Nordic Flanges Group AB (NFGAB)?
The price-to-sales ratio of Nordic Flanges Group AB is 0.30 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nordic Flanges Group AB (NFGAB)?
Earnings per share at Nordic Flanges Group AB are kr 5.74 (price ÷ EPS = P/E 5.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nordic Flanges Group AB (NFGAB)?
The net margin of Nordic Flanges Group AB is −1.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Nordic Flanges Group AB (NFGAB)?
The return on equity (ROE) of Nordic Flanges Group AB is 34.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Nordic Flanges Group AB (NFGAB)?
On an EBIT basis the return on assets of Nordic Flanges Group AB is −4.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Nordic Flanges Group AB (NFGAB)?
The operating margin of Nordic Flanges Group AB is 8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nordic Flanges Group AB (NFGAB)?
Revenue at Nordic Flanges Group AB is growing +15.8% versus a year earlier (3y avg −1.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Nordic Flanges Group AB (NFGAB)?
Earnings per share at Nordic Flanges Group AB are growing +85.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nordic Flanges Group AB (NFGAB) carry?
The net debt of Nordic Flanges Group AB is 25.4M SEK (fiscal year 2025, ≈ 2.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 4, 2026