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Nordisk Bergteknik AB (NORB-B) Fair Value & Analysis

Industrials · SE · Market cap 635M SEK

NB Nordisk Bergteknik AB NORB-B · ST
Pricekr 10.45
Fair Valuekr 11.65
Upside+11.5%
Quality42/100
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Evidence: High Range kr 8.15 – kr 13.07 📤 Share as image

Fair value as of: Jul 18, 2026

From 23 valuation models · updated 3 days ago

Share price −10.7% over the past month.

Price vs Fair Value (12 months)

kr 15.80 kr 10.45 Fair Value kr 11.65 Jul 2025 Jul 2026

12‑month range kr 10.45 – kr 15.80 · fair‑value band kr 8.15 – kr 13.07 · the kr 10.45 price screens below the kr 11.65 fair value. As of Jul 18, 2026.

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Analysis

Nordisk Bergteknik AB (NORB-B) currently trades at kr 10.45, while our model-based Fair Value estimate is kr 11.65, implying the stock looks roughly 11.5% undervalued today. We read business quality at 42/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Nordisk Bergteknik AB generated revenue of 3.4B SEK at a net margin of 1.0%. Revenue declined 2.0% year over year. It earns a return on equity of 2.9%. Net debt stands at 1.7B SEK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 8.15 (bear case) to kr 13.07 (bull case); at kr 10.45, the current price sits within that range. The share trades about 35% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -55% fair-value upside, at 11%, NORB-B screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 3.4B SEK
Revenue growth (YoY) -2.0%
Net margin 1.0%
Return on equity 2.9%
Free cash flow 6.0M SEK FY2025
P/E ratio 17.6
More key figures
Operating margin 2.2%
EPS (TTM) kr 0.6300
EPS growth (YoY) -29.8%
Net debt 1.7B SEK FY2025

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

About the company

Nordisk Bergteknik AB (publ), together with its subsidiaries, provides rock handling, foundation work, and mining services for the infrastructure, construction, and mining industries in Sweden, Norway, Finland, and internationally. It operates in three segments: Rock Sweden, Rock Norway, and Foundation Sweden. The company offers foundation works, foundation reinforcement, sheet piling, soil reinforcement, transport and excavation, drilling and excavation, rock crushing, mining and prospect drilling, rock reinforcement, concrete rehabilitation, rock splitting, foundation construction, grounding, groundwater lowering, wire sawing, rock stabilization, and foundation reinforcement services. It also provides rock excavation, rock fracturing, concrete spraying, piling, grouting, and soil nailing services. The company's services are used in local and national infrastructure, construction projects and contracts, wind farms, mines, natural environments, and other applications. Nordisk …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nordisk Bergteknik AB reported revenue of kr 3.5B in FY2025 versus kr 1.9B in FY2021, a compound +15.8%/yr. Reported net income was kr 28.5M in FY2025, compounding −10.6%/yr from FY2021.

Revenue +15.8%/yr
FY21 kr 1.9B
FY22 kr 3.4B
FY23 kr 3.5B
FY24 kr 3.3B
FY25 kr 3.5B
Net income −10.6%/yr
FY21 kr 44.7M
FY22 kr 144M
FY23 kr 40.4M
FY24 kr 9.6M
FY25 kr 28.5M

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

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Frequently asked questions

Is Nordisk Bergteknik AB (NORB-B) undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 11.65 versus a price of kr 10.45, about +11% (undervalued). Model-based estimate, not financial advice.
What is the fair value of NORB-B?
Our model-based fair value for Nordisk Bergteknik AB is kr 11.65 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 10.45.
What is the quality score of NORB-B?
Nordisk Bergteknik AB has a Quality Score of 42/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Nordisk Bergteknik AB (NORB-B)?
Nordisk Bergteknik AB reported trailing-twelve-month revenue of about 3.4B SEK (latest available figure, as of Jul 18, 2026).
What is the net profit margin of NORB-B?
The net profit margin of Nordisk Bergteknik AB is about 1.0%, meaning it keeps roughly 1.0% of revenue as net income. Based on the latest reported figures.

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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