Nordnet AB (publ) Logo

Nordnet AB (publ)

SAVE.ST

(1.8)
Stock Price

230,40 SEK

1.14% ROA

40.87% ROE

19.78x PER

Market Cap.

55.104.284.600,00 SEK

15.07% DER

3.28% Yield

49.48% NPM

Nordnet AB (publ) Stock Analysis

Nordnet AB (publ) Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Nordnet AB (publ) Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (34.76%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 DER

The stock has a minimal amount of debt (0%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

3 ROA

The stock's ROA (0.99%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

4 Dividend

The company's track record of consistently paying dividends in the last three years highlights its dedication to providing investors with regular income.

5 Buffet Intrinsic Value

Warren Buffett's formula suggests that the company's stock is undervalued (627), making it an appealing investment prospect with its intrinsic value surpassing the current market price.

6 PBV

The stock's elevated P/BV ratio (7.05x) raises concerns about its overvaluation, making it an imprudent choice for investors seeking value.

7 Revenue Growth

Company's revenue has remained stagnant over the past three years, indicating a lack of growth and making it a less favorable option.

8 Net Profit Growth

This company's net profit has remained stagnant over the past five years, indicating a lack of growth and making it a less favorable investment option.

9 Assets Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

10 Graham Number

The Graham number calculation reveals that this company's stock price is potentially inflated, implying that it may not be a desirable investment option.

11 Dividend Growth

Investors should note the company's stagnant dividend growth over the past three years, indicating limited profitability and potentially diminishing returns.

Nordnet AB (publ) Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Nordnet AB (publ) Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Sell
3 RSI Hold
4 Stoch RSI Buy

Nordnet AB (publ) Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Nordnet AB (publ) Revenue
Year Revenue Growth
2005 434.148.000
2006 661.057.000 34.33%
2007 785.618.000 15.86%
2008 702.726.000 -11.8%
2009 920.985.000 23.7%
2010 1.080.506.000 14.76%
2011 1.084.237.000 0.34%
2012 938.420.000 -15.54%
2013 988.986.000 5.11%
2014 1.085.910.000 8.93%
2015 1.249.413.000 13.09%
2016 1.196.023.000 -4.46%
2017 1.229.677.000 2.74%
2018 1.291.337.000 4.77%
2019 1.554.323.000 16.92%
2020 2.643.678.000 41.21%
2021 3.513.471.000 24.76%
2022 3.350.700.000 -4.86%
2023 4.622.520.000 27.51%
2023 5.839.000.000 20.83%
2024 6.725.200.000 13.18%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Nordnet AB (publ) Research and Development Expenses
Year Research and Development Expenses Growth
2005 0
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 66.065.000 100%
2020 61.051.000 -8.21%
2021 69.700.000 12.41%
2022 78.400.000 11.1%
2023 0 0%
2023 87.500.000 100%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Nordnet AB (publ) General and Administrative Expenses
Year General and Administrative Expenses Growth
2005 82.798.000
2006 111.687.000 25.87%
2007 352.233.000 68.29%
2008 389.739.000 9.62%
2009 517.138.000 24.64%
2010 653.762.000 20.9%
2011 568.461.000 -15.01%
2012 119.911.000 -374.07%
2013 101.711.000 -17.89%
2014 103.444.000 1.68%
2015 120.292.000 14.01%
2016 668.018.000 81.99%
2017 864.578.000 22.73%
2018 949.639.000 8.96%
2019 947.684.000 -0.21%
2020 991.669.000 4.44%
2021 917.537.000 -8.08%
2022 204.500.000 -348.67%
2023 1.092.800.000 81.29%
2023 141.800.000 -670.66%
2024 1.131.200.000 87.46%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Nordnet AB (publ) EBITDA
Year EBITDA Growth
2005 200.095.000
2006 292.129.000 31.5%
2007 337.090.000 13.34%
2008 251.298.000 -34.14%
2009 339.914.000 26.07%
2010 347.757.000 2.26%
2011 420.745.000 17.35%
2012 290.375.000 -44.9%
2013 345.429.000 15.94%
2014 409.350.000 15.62%
2015 529.228.000 22.65%
2016 450.604.000 -17.45%
2017 290.665.000 -55.03%
2018 238.961.000 -21.64%
2019 665.261.000 64.08%
2020 1.788.286.000 62.8%
2021 2.841.897.000 37.07%
2022 2.372.900.000 -19.76%
2023 3.406.400.000 30.34%
2023 3.494.700.000 2.53%
2024 4.070.400.000 14.14%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Nordnet AB (publ) Gross Profit
Year Gross Profit Growth
2005 434.148.000
2006 661.057.000 34.33%
2007 785.618.000 15.86%
2008 702.726.000 -11.8%
2009 920.985.000 23.7%
2010 1.080.506.000 14.76%
2011 1.084.237.000 0.34%
2012 938.420.000 -15.54%
2013 988.986.000 5.11%
2014 1.085.910.000 8.93%
2015 1.249.413.000 13.09%
2016 875.666.000 -42.68%
2017 864.606.000 -1.28%
2018 891.590.000 3.03%
2019 1.051.076.000 15.17%
2020 1.839.658.000 42.87%
2021 2.514.154.000 26.83%
2022 2.428.300.000 -3.54%
2023 4.622.520.000 47.47%
2023 4.700.200.000 1.65%
2024 5.069.200.000 7.28%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Nordnet AB (publ) Net Profit
Year Net Profit Growth
2005 145.697.000
2006 206.719.000 29.52%
2007 196.307.000 -5.3%
2008 138.061.000 -42.19%
2009 203.352.000 32.11%
2010 204.635.000 0.63%
2011 270.149.000 24.25%
2012 188.926.000 -42.99%
2013 234.718.000 19.51%
2014 278.025.000 15.58%
2015 358.142.000 22.37%
2016 297.046.000 -20.57%
2017 167.333.000 -77.52%
2018 118.052.000 -41.75%
2019 339.494.000 65.23%
2020 1.172.733.000 71.05%
2021 1.984.700.000 40.91%
2022 1.652.500.000 -20.1%
2023 2.632.400.000 37.22%
2023 2.578.700.000 -2.08%
2024 2.947.200.000 12.5%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Nordnet AB (publ) Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2005 1
2006 1 100%
2007 1 0%
2008 1 0%
2009 1 100%
2010 1 0%
2011 2 0%
2012 1 0%
2013 1 0%
2014 2 0%
2015 2 50%
2016 2 -100%
2017 1 0%
2018 0 0%
2019 327 100%
2020 5 -8050%
2021 8 42.86%
2022 6 -16.67%
2023 10 40%
2023 10 -11.11%
2024 11 18.18%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Nordnet AB (publ) Free Cashflow
Year Free Cashflow Growth
2005 74.165.000
2006 144.228.000 48.58%
2007 1.091.570.000 86.79%
2008 647.448.000 -68.6%
2009 1.525.009.000 57.54%
2010 -1.080.924.000 241.08%
2011 2.358.268.000 145.84%
2012 -54.831.000 4400.98%
2013 1.899.046.000 102.89%
2014 4.628.702.000 58.97%
2015 1.689.450.000 -173.98%
2016 3.829.899.000 55.89%
2017 2.468.093.000 -55.18%
2018 3.316.504.000 25.58%
2019 1.901.726.000 -74.39%
2020 11.796.344.000 83.88%
2021 13.444.576.000 12.26%
2022 6.332.600.000 -112.31%
2023 -2.475.700.000 355.79%
2023 -1.016.300.000 -143.6%
2024 2.323.200.000 143.75%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Nordnet AB (publ) Operating Cashflow
Year Operating Cashflow Growth
2005 116.118.000
2006 237.430.000 51.09%
2007 1.169.966.000 79.71%
2008 681.108.000 -71.77%
2009 1.574.669.000 56.75%
2010 -826.755.000 290.46%
2011 2.383.633.000 134.68%
2012 -28.387.000 8496.92%
2013 1.929.149.000 101.47%
2014 4.684.330.000 58.82%
2015 1.730.687.000 -170.66%
2016 3.888.787.000 55.5%
2017 2.585.207.000 -50.42%
2018 3.512.664.000 26.4%
2019 2.536.004.000 -38.51%
2020 11.898.522.000 78.69%
2021 13.612.193.000 12.59%
2022 6.493.200.000 -109.64%
2023 -2.421.500.000 368.15%
2023 -799.600.000 -202.84%
2024 2.390.800.000 133.44%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Nordnet AB (publ) Capital Expenditure
Year Capital Expenditure Growth
2005 41.953.000
2006 93.202.000 54.99%
2007 78.396.000 -18.89%
2008 33.660.000 -132.91%
2009 49.660.000 32.22%
2010 254.169.000 80.46%
2011 25.365.000 -902.05%
2012 26.444.000 4.08%
2013 30.103.000 12.15%
2014 55.628.000 45.89%
2015 41.237.000 -34.9%
2016 58.888.000 29.97%
2017 117.114.000 49.72%
2018 196.160.000 40.3%
2019 634.278.000 69.07%
2020 102.178.000 -520.76%
2021 167.617.000 39.04%
2022 160.600.000 -4.37%
2023 54.200.000 -196.31%
2023 216.700.000 74.99%
2024 67.600.000 -220.56%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Nordnet AB (publ) Equity
Year Equity Growth
2005 514.431.000
2006 691.413.000 25.6%
2007 812.238.000 14.88%
2008 851.764.000 4.64%
2009 1.036.415.000 17.82%
2010 1.241.115.000 16.49%
2011 1.429.274.000 13.16%
2012 1.513.971.000 5.59%
2013 1.625.381.000 6.85%
2014 1.751.121.000 7.18%
2015 1.873.966.000 6.56%
2016 1.213.421.000 -54.44%
2017 1.632.349.000 25.66%
2018 644.040.000 -153.45%
2019 2.862.684.000 77.5%
2020 1.310.899.000 -118.38%
2021 3.035.495.000 56.81%
2022 3.587.200.000 15.38%
2023 7.073.100.000 49.28%
2023 3.680.300.000 -92.19%
2024 5.971.000.000 38.36%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Nordnet AB (publ) Assets
Year Assets Growth
2005 5.873.673.000
2006 10.077.835.000 41.72%
2007 14.652.201.000 31.22%
2008 12.880.735.000 -13.75%
2009 23.754.171.000 45.77%
2010 28.792.420.000 17.5%
2011 29.062.265.000 0.93%
2012 31.391.905.000 7.42%
2013 39.694.225.000 20.92%
2014 50.126.464.000 20.81%
2015 60.213.294.000 16.75%
2016 70.450.243.000 14.53%
2017 80.340.562.000 12.31%
2018 92.119.416.000 12.79%
2019 115.603.323.000 20.31%
2020 167.993.051.000 31.19%
2021 232.544.159.000 27.76%
2022 206.907.800.000 -12.39%
2023 215.006.200.000 3.77%
2023 222.249.700.000 3.26%
2024 244.507.300.000 9.1%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Nordnet AB (publ) Liabilities
Year Liabilities Growth
2005 120.474.000
2006 113.474.000 -6.17%
2007 48.674.000 -133.13%
2008 46.674.000 -4.29%
2009 22.555.000 -106.93%
2010 175.745.000 87.17%
2011 175.745.000 0%
2012 29.877.934.000 99.41%
2013 38.068.844.000 21.52%
2014 48.375.343.000 21.31%
2015 26.114.000 -185146.78%
2016 22.655.000 -15.27%
2017 44.263.000 48.82%
2018 48.015.000 7.81%
2019 112.545.541.000 99.96%
2020 163.781.322.000 31.28%
2021 226.554.058.000 27.71%
2022 200.857.700.000 -12.79%
2023 0 0%
2023 215.947.300.000 100%
2024 238.536.400.000 9.47%

Nordnet AB (publ) Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
22.42
Net Income per Share
11.09
Price to Earning Ratio
19.78x
Price To Sales Ratio
9.79x
POCF Ratio
5.4
PFCF Ratio
5.54
Price to Book Ratio
9.23
EV to Sales
9.4
EV Over EBITDA
19.09
EV to Operating CashFlow
5.19
EV to FreeCashFlow
5.32
Earnings Yield
0.05
FreeCashFlow Yield
0.18
Market Cap
55,10 Bil.
Enterprise Value
52,93 Bil.
Graham Number
77.03
Graham NetNet
-807.01

Income Statement Metrics

Net Income per Share
11.09
Income Quality
3.77
ROE
0.41
Return On Assets
0.01
Return On Capital Employed
0.01
Net Income per EBT
0.81
EBT Per Ebit
0.97
Ebit per Revenue
0.63
Effective Tax Rate
0.19

Margins

Sales, General, & Administrative to Revenue
0.03
Research & Developement to Revenue
0.02
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.72
Operating Profit Margin
0.63
Pretax Profit Margin
0.61
Net Profit Margin
0.49

Dividends

Dividend Yield
0.03
Dividend Yield %
3.28
Payout Ratio
0.41
Dividend Per Share
7.2

Operating Metrics

Operating Cashflow per Share
40.62
Free CashFlow per Share
39.61
Capex to Operating CashFlow
0.02
Capex to Revenue
0.04
Capex to Depreciation
1.31
Return on Invested Capital
0.42
Return on Tangible Assets
0.01
Days Sales Outstanding
1.89
Days Payables Outstanding
0
Days of Inventory on Hand
0
Receivables Turnover
192.83
Payables Turnover
0
Inventory Turnover
0
Capex per Share
1

Balance Sheet

Cash per Share
142,65
Book Value per Share
23,77
Tangible Book Value per Share
19.6
Shareholders Equity per Share
23.77
Interest Debt per Share
5.79
Debt to Equity
0.15
Debt to Assets
0
Net Debt to EBITDA
-0.78
Current Ratio
13.02
Tangible Asset Value
4,92 Bil.
Net Current Asset Value
-234,88 Bil.
Invested Capital
4729600000
Working Capital
3,37 Bil.
Intangibles to Total Assets
0
Average Receivables
0,03 Bil.
Average Payables
0,00 Bil.
Average Inventory
1805200000
Debt to Market Cap
0.02

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Nordnet AB (publ) Dividends
Year Dividends Growth
2021 3
2022 6 40%
2023 5 -25%
2024 7 42.86%

Nordnet AB (publ) Profile

About Nordnet AB (publ)

Nordnet AB (publ) engages in the investments and savings, pensions, and loans businesses in Sweden, Norway, Denmark, and Finland. The company offers digital platform for savings and investment products, such as stocks, mutual funds, and other securities through website, app, or other applications; portfolio lending, residential mortgages, and personal unsecured loans; and pension savings. It operates Shareville, a social investment network that allows customers to follow other investors and see their investments. The company was founded in 1996 and is headquartered in Stockholm, Sweden.

CEO
Mr. Lars-Ake Valdemar Norling
Employee
753
Address
Alströmergatan 39
Stockholm, 104 25

Nordnet AB (publ) Executives & BODs

Nordnet AB (publ) Executives & BODs
# Name Age
1 Mr. Marcus Lindberg
Head of Investor Relations
70
2 Mr. Elias Lindholm
Chief Technology Officer
70
3 Ms. Carina Tovi B.Sc. (Econ.)
Chief Human Resources Officer
70
4 Mr. Johan Tidestad LL.M.
Chief Communications Officer
70
5 Mr. Rasmus Jarborg
Deputy Chief Executive Officer & Chief Product Officer
70
6 Mr. Per Lindberg
Chief Executive Officer Nordnet Pensionsforsakring
70
7 Mr. Lennart Kran B.Sc. (Econ)
Chief Financial Officer
70
8 Mr. Lars-Ake Valdemar Norling
Chief Executive Officer
70

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