Financials NCC AB Nasdaq Stockholm

Equities

NCC A

SE0000118952

Construction & Engineering

Market Closed - Nasdaq Stockholm 16:29:59 17/05/2024 BST 5-day change 1st Jan Change
136.5 SEK 0.00% Intraday chart for NCC AB +2.63% +8.33%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 16,548 16,144 18,035 9,636 12,271 13,294 - -
Enterprise Value (EV) 1 21,037 20,967 20,967 12,636 16,581 17,740 16,462 16,623
P/E ratio 18.9 x 12.8 x 12 x 9.45 x 7.8 x 10.3 x 9.95 x 9.79 x
Yield 3.26% 3.33% 3.58% 6.17% 6.37% 5.6% 5.69% 5.94%
Capitalization / Revenue 0.28 x 0.3 x 0.34 x 0.18 x 0.22 x 0.24 x 0.23 x 0.23 x
EV / Revenue 0.36 x 0.39 x 0.39 x 0.23 x 0.29 x 0.32 x 0.29 x 0.28 x
EV / EBITDA 7.78 x 7.56 x 6.69 x 4.88 x 5.49 x 6.25 x 5.81 x 6.04 x
EV / FCF 13.9 x 19 x 11.1 x -92.9 x 45.9 x 12.2 x 11.4 x 25.3 x
FCF Yield 7.19% 5.27% 9.05% -1.08% 2.18% 8.18% 8.77% 3.95%
Price to Book 5.43 x 4.07 x 3.09 x 1.32 x 1.68 x 1.69 x 1.57 x 1.47 x
Nbr of stocks (in thousands) 107,906 107,672 107,595 97,592 97,662 97,662 - -
Reference price 2 153.2 150.0 167.7 97.25 125.6 136.1 136.1 136.1
Announcement Date 30/01/20 28/01/21 02/02/22 31/01/23 30/01/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 58,234 53,922 53,414 54,198 56,932 56,226 57,331 58,908
EBITDA 1 2,703 2,772 3,132 2,589 3,021 2,840 2,835 2,750
EBIT 1 1,296 1,360 1,825 1,358 1,802 1,641 1,699 1,740
Operating Margin 2.23% 2.52% 3.42% 2.51% 3.17% 2.92% 2.96% 2.95%
Earnings before Tax (EBT) 1 1,184 1,281 1,765 1,299 1,803 1,577 1,638 1,673
Net income 1 873 1,259 1,508 1,069 1,573 1,291 1,336 1,359
Net margin 1.5% 2.33% 2.82% 1.97% 2.76% 2.3% 2.33% 2.31%
EPS 2 8.090 11.68 14.02 10.29 16.11 13.22 13.68 13.90
Free Cash Flow 1 1,513 1,106 1,897 -136 361 1,452 1,443 656.3
FCF margin 2.6% 2.05% 3.55% -0.25% 0.63% 2.58% 2.52% 1.11%
FCF Conversion (EBITDA) 55.97% 39.9% 60.57% - 11.95% 51.11% 50.9% 23.86%
FCF Conversion (Net income) 173.31% 87.85% 125.8% - 22.95% 112.49% 107.99% 48.3%
Dividend per Share 2 5.000 5.000 6.000 6.000 8.000 7.625 7.750 8.083
Announcement Date 30/01/20 28/01/21 02/02/22 31/01/23 30/01/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 15,998 10,111 14,001 14,068 16,018 12,464 14,854 14,022 15,592 11,561 14,484 13,826 16,321 11,096 15,010
EBITDA 1 932 132 777 823 857 - 809 1,123 654 - 900 888 890 110 915
EBIT 1 605 -170 474 510 544 152 503 789 358 -100 577 572 603 -142 607
Operating Margin 3.78% -1.68% 3.39% 3.63% 3.4% 1.22% 3.39% 5.63% 2.3% -0.86% 3.98% 4.14% 3.69% -1.28% 4.04%
Earnings before Tax (EBT) 1 577 -175 464 490 520 185 493 771 354 -117 560.7 556 586.7 -158 591.5
Net income 1 538 -147 383 425 407 153 407 621 392 -93 448 444.3 495 -119 479.5
Net margin 3.36% -1.45% 2.74% 3.02% 2.54% 1.23% 2.74% 4.43% 2.51% -0.8% 3.09% 3.21% 3.03% -1.07% 3.19%
EPS 2 5.000 -1.370 3.590 4.130 4.130 1.560 4.170 6.360 4.020 -0.9500 4.413 4.413 4.950 -1.245 4.890
Dividend per Share 2 6.000 - - - 6.000 - - - - - - - - - -
Announcement Date 02/02/22 28/04/22 19/07/22 01/11/22 31/01/23 26/04/23 18/07/23 31/10/23 30/01/24 03/05/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,489 4,823 2,932 3,000 4,310 4,445 3,168 3,328
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.661 x 1.74 x 0.9361 x 1.159 x 1.427 x 1.565 x 1.117 x 1.21 x
Free Cash Flow 1 1,513 1,106 1,897 -136 361 1,452 1,443 656
ROE (net income / shareholders' equity) 29.2% 35.9% 30.7% 17% 21% 17% 16.4% 15.5%
ROA (Net income/ Total Assets) 3.1% 4.31% 5.2% 3.62% 5.11% 4.06% 3.87% 3.92%
Assets 1 28,161 29,219 28,985 29,493 30,757 31,783 34,572 34,705
Book Value Per Share 2 28.20 36.90 54.30 73.60 75.00 80.70 86.70 92.40
Cash Flow per Share 2 - - - - - 24.10 23.20 22.00
Capex 1 701 463 363 401 446 784 755 901
Capex / Sales 1.2% 0.86% 0.68% 0.74% 0.78% 1.39% 1.32% 1.53%
Announcement Date 30/01/20 28/01/21 02/02/22 31/01/23 30/01/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
136.1 SEK
Average target price
150 SEK
Spread / Average Target
+10.21%
Consensus