Norditek Group AB (NOTEK) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Norditek Group AB SEK 17.50, price SEK 9.52, upside +83.8%, quality 43 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 24, 2026.
How to read this chart
58‑month range kr 7.80 – kr 27.60 · fair‑value band kr 13.12 – kr 21.87 · the kr 9.52 price screens below the kr 17.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Norditek Group AB (publ) develops, sells, leases, or rents out crushers, sorting plants, and self-developed machines to recycle and convert materials in Sweden into salable products in Sweden. The company recycles industrial waste, wood waste, and gravel and rocks.
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Norditek Group AB (publ) develops, sells, leases, or rents out crushers, sorting plants, and self-developed machines to recycle and convert materials in Sweden into salable products in Sweden. The company recycles industrial waste, wood waste, and gravel and rocks. It offers flip flow sieves, sorting plant, wind visibility, water bath, magnets, air suction, crushers, laundry equipment, semi-stationary plant, waste compactors, belt conveyor, stacker, screening media, and other accessories. Norditek Group AB (publ) was founded in 1998 and is headquartered in Gothenburg, Sweden.
Stock analysis
Norditek Group AB (NOTEK) currently trades at kr 9.52, while our model-based Fair Value estimate is kr 17.50, implying the stock looks roughly 45.6% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 22.46 per share, and 12 of the 15 models we run sit above the kr 9.52 price.
Bear case: the Asset-Based group reads lowest at kr 4.78, and 3 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 13.12 (bear) to kr 21.87 (bull), the price of kr 9.52 sits below 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 43/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Norditek Group AB reported revenue of 108M SEK in FY2025 versus 70.6M SEK in FY2021, a compound +11.1%/yr. Reported net income was 11.4M SEK in FY2025, compounding +14.0%/yr from FY2021.
Key figures
Market cap 154M SEK (≈ $15.6M) · P/E ratio 18.0 · P/S ratio 1.91 · EPS (TTM) kr 0.5300 · Net margin 10.6% · Return on equity 8.3% · Return on assets (EBIT) 7.1% · Operating margin 6.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −18% fair-value upside, at 84%, NOTEK screens cheaper than that median.
Fair Value models
Bear kr 13.12Fair Value kr 17.50Bull kr 21.87
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 12 months old). Earnings retained since then (kr 0.5300 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+37.4%
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.
+14.5%
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.
+15.1%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−7.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.0%
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.18% → 16%
2025 sits 119% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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.Waste Management · 168 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score43 · Below median
Fair Value upside+84% · Top 25%
Profitability
Return on equity (TTM)8% · Above median
Return on assets4% · Above median
Net margin (TTM)7% · Above median
Operating margin (TTM)7% · Below median
Growth and dividend
Revenue growth−7% · Bottom 25%
Balance sheet
Debt / equity0.27× · Below median
Valuation Multiplesvs Waste Management 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). "Norditek Group AB Fair Value". https://www.fairvalue-calculator.com/stock/NOTEK
Frequently asked questions
Is Norditek Group AB (NOTEK) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 17.50 versus a price of kr 9.52, about +84% upside (undervalued).
What is the fair value of NOTEK?
Our model-based fair value for Norditek Group AB is kr 17.50 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 9.52.
What is the quality score of NOTEK?
Norditek Group AB has a Quality Score of 43/100. 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 Norditek Group AB (NOTEK)?
Our model-based price target is the fair value of kr 17.50 (as of Sep 24, 2026) from 15 valuation models. Cautious scenario kr 13.12, optimistic scenario kr 21.87. It is a calculation from audited fundamentals, not an analyst target.
What is the Norditek Group AB stock forecast for 2026?
Our models put fair value at kr 17.50, about +84% upside versus a price of kr 9.52 (undervalued). Cautious scenario kr 13.12, optimistic scenario kr 21.87. The calculation is refreshed regularly with new filings.
What is the revenue of Norditek Group AB (NOTEK)?
Norditek Group AB reported trailing-twelve-month revenue of about 113M SEK (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Norditek Group AB (NOTEK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Norditek Group AB it is kr 17.50 per share (as of Sep 24, 2026), against a price of kr 9.52. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Norditek Group AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NOTEK trades below its calculated fair value: price kr 9.52, fair value kr 17.50, a gap of about +84% (undervalued). 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 NOTEK?
No. The price is what the market pays today (kr 9.52); the fair value is what the company's own numbers justify (kr 17.50). For Norditek Group AB the two are kr 7.98 per share apart. That gap is exactly why we show both numbers side by side.
How much is Norditek Group AB worth?
The market values Norditek Group AB at about 154M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 9.52; our models calculate a fair value of kr 17.50 per share.
What do the bullish and bearish scenarios say about NOTEK?
Our models span a range for Norditek Group AB: cautious scenario kr 13.12, base kr 17.50, optimistic kr 21.87 per share (as of Sep 24, 2026, price kr 9.52). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NOTEK?
Norditek Group AB trades at a price-to-earnings ratio of 18.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 17.50 is built from several models across several years. Other multiples: P/B 1.6, P/S 1.4, EV/EBITDA 9.4.
How solid is the balance sheet of Norditek Group AB (NOTEK)?
Balance-sheet figures for Norditek Group AB (as of Sep 24, 2026): return on equity 8.3%, debt of 0.27 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is NOTEK from its 52-week high?
Norditek Group AB trades at kr 9.52, about 36% below its 52-week high of kr 14.95 and at the low of kr 9.50 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 17.50 is for.
Which stocks are comparable to Norditek Group AB?
From the same area (Industrials) we also value Waste Management, Inc, Republic Services, Inc, Waste Connections, Inc, Veolia Environnement SA, 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 Norditek Group AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 9.52, calculated fair value kr 17.50 (+84%), Quality Score 43/100, from 15 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 NOTEK calculated?
We run Norditek Group AB through 15 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 kr 17.50, 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 13.2 % above its aggregate fair value. Norditek Group AB currently trades 84 % below its own fair value, and the market average says nothing about that. 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 Norditek Group AB (NOTEK)?
The closing price on Sep 24, 2026 was kr 9.52. Our model-based fair value is kr 17.50, about +84% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Norditek Group AB right now?
The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (kr 13.12). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Norditek Group AB
How large is the market capitalisation of Norditek Group AB (NOTEK)?
The market capitalisation of Norditek Group AB is 154M SEK (≈ $15.6M). 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 Norditek Group AB (NOTEK)?
The price-to-sales ratio of Norditek Group AB is 1.91 (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 Norditek Group AB (NOTEK)?
Earnings per share at Norditek Group AB are kr 0.5300 (price ÷ EPS = P/E 18.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Norditek Group AB (NOTEK)?
The net margin of Norditek Group AB is 10.6% (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 Norditek Group AB (NOTEK)?
The return on equity (ROE) of Norditek Group AB is 8.3% (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 Norditek Group AB (NOTEK)?
On an EBIT basis the return on assets of Norditek Group AB is 7.1% (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 Norditek Group AB (NOTEK)?
The operating margin of Norditek Group AB is 6.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Norditek Group AB (NOTEK)?
Revenue at Norditek Group AB is growing −6.6% versus a year earlier (3y avg +14.5%). 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 Norditek Group AB (NOTEK)?
Earnings per share at Norditek Group AB are growing −78.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Norditek Group AB (NOTEK) generate?
The free cash flow of Norditek Group AB is −5.7M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Norditek Group AB (NOTEK) carry?
The net debt of Norditek Group AB is 21.6M SEK (fiscal year 2025). 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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