Norrhydro Group Oyj (NORRH) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Norrhydro Group Oyj €0.77, price €1.25, upside -38.4%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
58‑month range €1.11 – €4.16 · fair‑value band €0.5300 – €1.25 · the €1.25 price screens above the €0.7700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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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.
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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.
Stock analysis
Norrhydro Group Oyj (NORRH) currently trades at €1.25, while our model-based Fair Value estimate is €0.7700, implying the stock looks roughly 62.3% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €1.52 per share, and 10 of the 24 models we run sit above the €1.25 price.
Bear case: the Earnings-Based group reads lowest at €0.2000, and 14 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: €0.5300 (bear) to €1.25 (bull), the price of €1.25 sits inside 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.
Norrhydro Group Oyj 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.
Key figures
Market cap €13.8M · P/E ratio 13.9 · P/S ratio 0.11 · EPS (TTM) €0.0900 · Net margin 0.8% · Return on equity 11.9% · Return on assets (EBIT) 3.4% · Operating margin 8.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −50% fair-value upside, at −38%, NORRH screens cheaper than that median.
Fair Value models
Bear €0.5300Fair Value €0.7700Bull €1.25
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.0658 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.Evidence ⓘEvidence = 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.70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+18.5%
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.
−1.1%
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.
+7.6%
Start year 2020 (pandemic)
Revenue growth 6 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.
+5.6%
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−21.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−21.0%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.15% → 5%
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+21.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +19.0% a year for the price.
Price, fair value, quality and upside side by side.
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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.Specialty Industrial Machinery · 826 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−38% · Below median
Profitability
Return on equity (TTM)12% · Above median
Return on assets5% · Above median
Net margin (TTM)3% · Below median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth21% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.73× · Highest 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (TTM)13.9× · Cheapest 25%
P/B1.92× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (TTM)0.52× · Cheapest 25%
P/FCF28.5× · Priciest 25%
EV/EBITDA7.3× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 22
PAST (return on equity)48· sector 28
HEALTH (low debt)64· sector 95
DIVIDEND (yield)0· sector 25
VALUE 0: the price sits above our fair-value range.
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). "Norrhydro Group Oyj Fair Value". https://www.fairvalue-calculator.com/stock/NORRH
Frequently asked questions
Is Norrhydro Group Oyj (NORRH) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €0.7700 versus a price of €1.25, about −38% upside (overvalued).
What is the fair value of NORRH?
Our model-based fair value for Norrhydro Group Oyj is €0.7700 (as of Sep 23, 2026), built from audited fundamentals. The current price: €1.25.
What is the quality score of NORRH?
Norrhydro Group Oyj 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 Norrhydro Group Oyj (NORRH)?
Our model-based price target is the fair value of €0.7700 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario €0.5300, optimistic scenario €1.25. It is a calculation from audited fundamentals, not an analyst target.
What is the Norrhydro Group Oyj stock forecast for 2026?
Our models put fair value at €0.7700, about −38% upside versus a price of €1.25 (overvalued). Cautious scenario €0.5300, optimistic scenario €1.25. The calculation is refreshed regularly with new filings.
What is the revenue of Norrhydro Group Oyj (NORRH)?
Norrhydro Group Oyj reported trailing-twelve-month revenue of about €29.9M (latest available figure, as of Sep 23, 2026).
What growth is priced into Norrhydro Group Oyj (NORRH)?
For today's price to be fair in a discounted-cash-flow model, Norrhydro Group Oyj would have to grow free cash flow by +21.6 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.6 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of NORRH use?
Our models discount Norrhydro Group Oyj at 9.1 %: a base by market capitalisation (nano), damped by beta 0.71, country premium for Finland. 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 Norrhydro Group Oyj that is +21.6 % per year a year over ten years, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Norrhydro Group Oyj (NORRH) delivered so far?
Over the past 5 years revenue at Norrhydro Group Oyj grew +7.6 % a year. The price currently implies +21.6 % per year free-cash-flow growth a 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 Norrhydro Group Oyj (NORRH) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Norrhydro Group Oyj (+21.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Norrhydro Group Oyj (NORRH)?
The free-cash-flow yield on the price is 3.99 %: that much free cash flow Norrhydro Group Oyj produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Norrhydro Group Oyj (NORRH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Norrhydro Group Oyj it is €0.7700 per share (as of Sep 23, 2026), against a price of €1.25. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Norrhydro Group Oyj stock overvalued or undervalued in 2026?
As of Sep 23, 2026, NORRH trades above its calculated fair value: price €1.25, fair value €0.7700, a gap of about −38% (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 NORRH?
No. The price is what the market pays today (€1.25); the fair value is what the company's own numbers justify (€0.7700). For Norrhydro Group Oyj the two are €0.4800 per share apart. That gap is exactly why we show both numbers side by side.
How much is Norrhydro Group Oyj worth?
The market values Norrhydro Group Oyj at about €13.8M (market capitalisation, as of Sep 23, 2026). Per share that is €1.25; our models calculate a fair value of €0.7700 per share.
What do the bullish and bearish scenarios say about NORRH?
Our models span a range for Norrhydro Group Oyj: cautious scenario €0.5300, base €0.7700, optimistic €1.25 per share (as of Sep 23, 2026, price €1.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NORRH?
Norrhydro Group Oyj trades at a price-to-earnings ratio of 13.9 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €0.7700 is built from several models across several years. Other multiples: P/B 1.9, P/S 0.5, EV/EBITDA 7.3.
How solid is the balance sheet of Norrhydro Group Oyj (NORRH)?
Balance-sheet figures for Norrhydro Group Oyj (as of Sep 23, 2026): return on equity 11.9%, debt of 0.73 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is NORRH from its 52-week high?
Norrhydro Group Oyj trades at €1.25, about 15% below its 52-week high of €1.47 and 12% above the low of €1.11 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €0.7700 is for.
Which stocks are comparable to Norrhydro Group Oyj?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 Norrhydro Group Oyj stock attractive at the current price?
The data as of Sep 23, 2026: price €1.25, calculated fair value €0.7700 (−38%), Quality Score 61/100, from 24 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 NORRH calculated?
We run Norrhydro Group Oyj through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €0.7700, 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 14.1 % above its aggregate fair value. Norrhydro Group Oyj 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 Norrhydro Group Oyj (NORRH)?
The closing price on Sep 23, 2026 was €1.25. Our model-based fair value is €0.7700, about −38% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Norrhydro Group Oyj right now?
Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€0.5300 to €1.25) leaves room in how you read the outcome.
Key figures of Norrhydro Group Oyj
How large is the market capitalisation of Norrhydro Group Oyj (NORRH)?
The market capitalisation of Norrhydro Group Oyj is €13.8M. 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 Norrhydro Group Oyj (NORRH)?
The price-to-sales ratio of Norrhydro Group Oyj is 0.11 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Norrhydro Group Oyj (NORRH)?
Earnings per share at Norrhydro Group Oyj are €0.0900 (price ÷ EPS = P/E 13.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Norrhydro Group Oyj (NORRH)?
The net margin of Norrhydro Group Oyj is 0.8% (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 Norrhydro Group Oyj (NORRH)?
The return on equity (ROE) of Norrhydro Group Oyj is 11.9% (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 Norrhydro Group Oyj (NORRH)?
On an EBIT basis the return on assets of Norrhydro Group Oyj is 3.4% (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 Norrhydro Group Oyj (NORRH)?
The operating margin of Norrhydro Group Oyj is 8.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Norrhydro Group Oyj (NORRH)?
Revenue at Norrhydro Group Oyj is growing +20.5% versus a year earlier (3y avg −1.1%). 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 Norrhydro Group Oyj (NORRH)?
Earnings per share at Norrhydro Group Oyj are growing +95.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Norrhydro Group Oyj (NORRH) carry?
The net debt of Norrhydro Group Oyj is €9.1M (fiscal year 2025, ≈ 16.5 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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