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Norrhydro Group (NORRH) Fair Value & Analysis

Industrials · FI · Market cap €13.5M

NG Norrhydro Group NORRH · HE
Price€1.22
Fair Value€0.5200
Upside-57.4%
Quality61/100
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Healthy Growth
Thin margins · 3.3% net margin
Moderate debt · generates free cash flow
Ranks above peers (9/14)
Narrow moat 43/100
Evidence: High Range €0.3300 – €0.5600 Share as image

Fair value as of: Jul 11, 2026

From 24 valuation models · updated 30 days ago

Fair value updated Jul 11, 2026, revised from €0.7700 to €0.5200 (−32.5%) since Jun 24, 2026. Share price −3.9% over the past month.

A solid business, but screening 57% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€0.5600). 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.
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Price vs Fair Value (5 years)

€4.16 €1.11 Fair Value €0.5200 Dec 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

56‑month range €1.11 – €4.16 · fair‑value band €0.3300 – €0.5600 · the €1.22 price screens above the €0.5200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Norrhydro Group (NORRH) currently trades at €1.22, while our model-based Fair Value estimate is €0.5200, implying the stock looks roughly 57.4% overvalued today. The Quality Score stands at 61/100 (solid 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, Norrhydro Group generated revenue of €29.9M at a net margin of 3.3%. Revenue grew 20.5% year over year. It earns a return on equity of 11.9%. Net debt stands at €9.1M. Fundamentals as of Jul 11, 2026

Our scenario range runs from €0.3300 (bear case) to €0.5600 (bull case); at €1.22, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 22% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -57%, NORRH screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF €0.1200 €0.3700 80
Residual Income €0.4800 €0.4400 €0.3200 76
Rev-Margin DCF €0.2900 €0.9100 €1.66 74
All 24 models by family
DCF Models
FCF DCF €0.1500 €0.4500 38
Owner Earnings €0.3100 €0.7200 €1.28 31
5Y Revenue Exit €0.2900 €0.9200 €1.77 39
5Y EBITDA Exit €0.8900 €2.10 €3.60 41
5Y P/E Exit €0.0400 €0.2500 38
10Y Revenue Exit €0.1000 €0.5800 €1.30 36
10Y EBITDA Exit €0.4600 €1.30 €2.56 37
10Y P/E Exit €0.0400 €0.2600 35
Earnings-Based
Graham-Dodd €0.1400 €0.5700 €0.7800 54
Lynch FV €0.1400 €0.2000 €0.2600 50
PEG = 1.0 €0.1400 €0.2000 €0.2600 46
EPV €0.1800 €0.2600 €0.3300 59
Multiples
P/E Multiple €0.3300 €0.4400 €0.5600 63
P/S Multiple €0.2700 €0.3600 €0.4500 58
P/B Multiple €0.2700 €0.3600 €0.4500 55
EV/EBIT €1.05 €1.57 €2.09 53
EV/EBITDA €1.83 €2.61 €3.39 54
EV/Revenue €0.6000 €1.08 €1.56 43
Asset-Based
NCAV (Graham) €0.3700 €0.5000 €0.7400 50
Growth DCF
Growth DCF €0.1200 €0.3700 80
Rev-Margin DCF €0.2900 €0.9100 €1.66 74
Economic Profit
Residual Income €0.4800 €0.4400 €0.3200 76
ROIC Compounder €0.1800 €0.2600 €0.3300 72
Growth Earnings
Growth-Adj P/E €0.2500 €0.3600 €0.4700 68

Widest divergence: DCF Models (€0.5800) versus Growth DCF (€0.1200). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €29.9M
Revenue growth (YoY) +20.5%
Net margin 3.3%
Return on equity 11.9%
Free cash flow €550K FY2025
P/E ratio 13.5
More key figures
Operating margin 8.2%
EPS (TTM) €0.0900
EPS growth (YoY) +9,570%
Net debt €9.1M FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 56 · Market factors (momentum, volatility) 35

Profitability 51
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Norrhydro Group Oyj, together with its subsidiaries, develops, manufactures, and sells hydraulic cylinders and linear motion control systems in the Nordic countries. It offers NorDigi multi-chamber cylinder and NorrDigi electromechanical actuator cylinders.

Full company description

Norrhydro Group Oyj, together with its subsidiaries, develops, manufactures, and sells hydraulic cylinders and linear motion control systems in the Nordic countries. It offers NorDigi multi-chamber cylinder and NorrDigi electromechanical actuator cylinders. The company's products are used in forestry and material handling machines, mining machines, construction equipment, lifting and recycling, and marine and offshore industries. Norrhydro Group Oyj was founded in 1985 and is headquartered in Rovaniemi, Finland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Norrhydro Group reported revenue of €28.7M in FY2025 versus €24.7M in FY2021, a compound +3.8%/yr. Reported net income was €233K in FY2025, compounding −9.9%/yr from FY2021.

Growth Quality 70/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€28.7M
Latest YoY
+18.5%
Avg. growth/yr (3Y) 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.
−1.1%
Avg. growth/yr (5Y) 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.
+7.6%
Avg. growth/yr (6Y) 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.
+5.6%
Revenue +3.8%/yr
FY21 €24.7M
FY22 €29.7M
FY23 €30.4M
FY24 €24.2M
FY25 €28.7M
Net income −9.9%/yr
FY21 €353K
FY22 €42.8K
FY23 −€1.4M
FY24 −€1.3M
FY25 €233K

NORRH screens 57% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Norrhydro Group Fair Value". https://www.fairvalue-calculator.com/stock/NORRH

Peer Group

Specialty Industrial Machinery · 808 stocks

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.

Quality Score 61 · Above median
Fair Value upside −57% · Below median
Return on equity (TTM) 12% · Above median
Return on assets 5% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth 21% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.73× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 13.6× · Cheaper than 75% of peers
P/B 1.90× · Cheaper than median
P/S (TTM) 0.52× · Cheaper than 75% of peers
P/FCF 28.2× · Pricier than 75% of peers
EV/EBITDA 7.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 23
PAST 48 · sector 28
HEALTH 64 · sector 96
DIVIDEND 0 · sector 24

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Norrhydro Group (NORRH) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of €0.5200 versus a price of €1.22, about −57% (overvalued).
What is the fair value of NORRH?
Our model-based fair value for Norrhydro Group is €0.5200 (as of Jul 11, 2026), built from audited fundamentals. The current price is €1.22.
What is the quality score of NORRH?
Norrhydro Group 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 revenue of Norrhydro Group (NORRH)?
Norrhydro Group reported trailing-twelve-month revenue of about €29.9M (latest available figure, as of Jul 11, 2026).
What is the net profit margin of NORRH?
The net profit margin of Norrhydro Group is about 3.3%, meaning it keeps roughly 3.3% 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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