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NCC AB (NCC-B) Fair Value & Analysis

Industrials · SE · Market cap 16.6B SEK

NA NCC AB NCC-B · ST
Pricekr 169.70
Fair Valuekr 58.25
Upside-65.7%
Quality48/100
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Evidence: High Range kr 58.25 – kr 58.25 📤 Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 3 days ago

Fair value updated Jul 18, 2026, revised from kr 58.42 to kr 58.25 (−0.3%) since Jul 7, 2026. Share price −12.8% over the past month.

Price vs Fair Value (12 months)

kr 227.50 kr 168.52 Fair Value kr 58.25 Jul 2025 Jul 2026

12‑month range kr 168.52 – kr 227.50 · the kr 169.70 price screens above the kr 58.25 fair value. As of Jul 18, 2026.

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Analysis

NCC AB (NCC-B) currently trades at kr 169.70, while our model-based Fair Value estimate is kr 58.25, implying the stock looks roughly 65.7% overvalued today. We read business quality at 48/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, NCC AB generated revenue of 54.3B SEK at a net margin of 0.2%. Revenue declined 12.9% year over year. It earns a return on equity of 1.2%. Net debt stands at 3.0B SEK. Fundamentals as of Jul 18, 2026

The share trades about 26% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -49% fair-value upside, at -66%, NCC-B screens richer than that median.

Key figures & financial health

Revenue (TTM) 54.0B SEK
Revenue growth (YoY) -2.2%
Net margin 0.2%
Return on equity 1.1%
Free cash flow 1.5B SEK FY2025
P/E ratio 211.9
More key figures
Operating margin 4.5%
EPS (TTM) kr 0.8000
Dividend yield 5.3%
EPS growth (YoY) -3.4%
Net debt 3.0B SEK FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 18, 2026. TTM = trailing twelve months.

About the company

NCC AB (publ) operates as a construction company in Sweden, Norway, Denmark, and Finland. The company operates through five segments: NCC Infrastructure, NCC Building Sweden, NCC Building Nordic, NCC Industry, and NCC Property Development. It builds residential buildings and offices, as well as constructs schools, hospitals, stores, and warehouses. The company also designs, constructs, produces, and maintains infrastructure projects, such as tunnels, roads, and railways. In addition, it produces stone materials, asphalt, and paving products. Further, the company develops and sells commercial properties in metropolitan regions. The company was incorporated in 1935 and is headquartered in Solna, Sweden.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NCC AB reported revenue of kr 55.7B in FY2025 versus kr 53.4B in FY2021, a compound +1.1%/yr. Reported net income was kr 142M in FY2025, compounding −44.6%/yr from FY2021.

Revenue +1.1%/yr
FY21 kr 53.4B
FY22 kr 54.2B
FY23 kr 56.9B
FY24 kr 61.6B
FY25 kr 55.7B
Net income −44.6%/yr
FY21 kr 1.5B
FY22 kr 1.1B
FY23 kr 1.6B
FY24 kr 1.6B
FY25 kr 142M

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Cite: Fair Value Calculator (2026). "NCC AB Fair Value". https://www.fairvalue-calculator.com/stock/NCC-B

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection, not financial advice.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,918 ₹1,979 -49%
Samsung C&T Corporation 028260 460,500 KRW 206,212 KRW -55%
Hyundai Engineering & Construction Co 000720 131,900 KRW 76,878 KRW -42%
United Integrated Services Co 2404 1,195 TWD 1,681 TWD +41%
Samsung E&A Co 028050 48,350 KRW 37,697 KRW -22%
Rail Vikas Nigam Limited RVNL ₹235.61 ₹14.53 -94%
Daewoo Engineering & Construction Co 047040 21,800 KRW 16,217 KRW -26%
NBCC (India) Limited NBCC ₹102.36 ₹48.22 -53%
Cemindia Projects Limited CEMPRO ₹1,431 ₹730.69 -49%
KEPCO Engineering & Construction Company 052690 118,700 KRW 16,933 KRW -86%

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Frequently asked questions

Is NCC AB (NCC-B) undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 58.25 versus a price of kr 169.70, about −66% (overvalued). Model-based estimate, not financial advice.
What is the fair value of NCC-B?
Our model-based fair value for NCC AB is kr 58.25 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 169.70.
What is the quality score of NCC-B?
NCC AB has a Quality Score of 48/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of NCC AB (NCC-B)?
NCC AB reported trailing-twelve-month revenue of about 54.3B SEK (latest available figure, as of Jul 18, 2026).
What is the net profit margin of NCC-B?
The net profit margin of NCC AB is about 0.2%, meaning it keeps roughly 0.2% of revenue as net income. Based on the latest reported figures.
Does NCC AB pay a dividend?
NCC AB currently shows a dividend yield of about 4.85% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.