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NCC AB (NCC.B) AI Stock Analysis
NCC AB
(Nasdaq OMX AB:NCC.B)
The overall score is 42, reflecting significant fundamental and technical headwinds. The most impactful factor is the severe deterioration in financial performance, with collapsing margins and profitability. This is compounded by a bearish technical trend, with the stock trading below all major moving averages. The high dividend yield offers a partial offset, but the extremely high P/E ratio underscores the lack of earnings power. The company faces a challenging outlook until it can reverse declining revenues and restore profitability.
NCC AB (NCC.B) vs. iShares MSCI Sweden ETF (EWD)
- Market Cap
- SEK 16.04B
- Dividend Yield
- 5.80%
- Average Volume (3M)
- 245.81K
- Price to Earnings (P/E)
- 232.0
- Beta (1Y)
- 0.92
- Revenue Growth
- -10.38%
- EPS Growth
- -95.01%
- Country
- Sweden
- Employees
- 10,714
- Sector
- General
- Sector Strength
- 55
- Industry
- Engineering & Construction
NCC AB Business Overview & Revenue Model
Company Description
NCC AB (publ) is a leading construction and real estate development enterprise operating throughout the Nordic region, specifically in Sweden, Norway, Denmark, and Finland. The company's diverse activities are structured across five key segments: NCC...
How the Company Makes Money
NCC makes money mainly by delivering contracted construction and infrastructure projects and by selling construction materials and related services. A major revenue stream comes from project-based contracting in its construction and civil engineering...
NCC AB Financial Statement Overview
Summary
Financial performance is weak. Revenue is declining, net margin has collapsed to 0.17% in TTM, and return on equity is a mere 1.2%. While the balance sheet leverage is manageable and free cash flow remains positive, the sharp deterioration in profitability and negative growth trends are major concerns.
Income Statement
25NegativeBalance Sheet
38NegativeCash Flow
45Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.97B | 55.72B | 61.61B | 56.93B | 54.20B | 53.41B |
| Gross Profit | 5.47B | 5.47B | 5.28B | 4.69B | 4.00B | 4.52B |
| EBITDA | 1.71B | 2.11B | 3.36B | 3.08B | 2.60B | 3.11B |
| Net Income | 77.00M | 142.00M | 1.57B | 1.57B | 1.07B | 1.51B |
Balance Sheet | ||||||
| Total Assets | 33.28B | 30.58B | 32.03B | 31.95B | 29.57B | 29.42B |
| Cash, Cash Equivalents and Short-Term Investments | 896.00M | 1.51B | 3.49B | 1.21B | 1.00B | 3.48B |
| Total Debt | 5.45B | 3.88B | 5.08B | 5.29B | 4.30B | 4.21B |
| Total Liabilities | 26.06B | 22.66B | 23.36B | 24.63B | 22.38B | 23.58B |
| Stockholders Equity | 7.22B | 7.92B | 8.66B | 7.32B | 7.18B | 5.84B |
Cash Flow | ||||||
| Free Cash Flow | 705.00M | 1.54B | 4.16B | 99.00M | -707.00M | 1.49B |
| Operating Cash Flow | 1.15B | 1.91B | 4.64B | 807.00M | 265.00M | 2.26B |
| Investing Cash Flow | -767.00M | -761.00M | -647.00M | -446.00M | -401.00M | -363.00M |
| Financing Cash Flow | -1.39B | -3.17B | -1.79B | -187.00M | -1.90B | -1.49B |
NCC AB Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NCC.B, the sentiment is Positive. The current price of 183.30 is above the 20-day moving average (MA) of 177.52, above the 50-day MA of 178.26, and below the 200-day MA of 192.02, indicating a neutral trend. The MACD of 1.12 indicates Negative momentum. The RSI at 58.48 is Neutral, neither overbought nor oversold. The STOCH value of 85.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:NCC.B.
NCC AB Peers Comparison
Overall Rating
SE:BRAV83Outperform
SE:SWEC.B79Outperform
SE:AFRY67Neutral
SE:SKA.B67Neutral
SE:PEAB.B65Neutral- SE:NCC.B42Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SE:BRAV | 83Outperform | SEK 31.73B | 21.19 | ― | 2.43% | 4.26% | 30.00% |
| SE:SWEC.B | 79Outperform | SEK 50.84B | 21.82 | 18.37% | 2.58% | 6.16% | 9.75% |
| SE:AFRY | 67Neutral | SEK 14.69B | 17.23 | 6.63% | 4.60% | -3.51% | -7.54% |
| SE:SKA.B | 67Neutral | SEK 116.22B | 17.72 | 10.96% | 4.96% | -5.70% | 6.78% |
| SE:PEAB.B | 65Neutral | SEK 26.84B | 11.86 | 13.52% | 3.53% | 3.75% | 38.40% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| SE:NCC.B | 42Neutral | SEK 16.04B | 232.03 | 1.00% | 5.80% | -10.38% | -95.01% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SE:NCC.B | NCC AB | 183.30 | -19.49 | -9.61% | |
| SE:PEAB.B | Peab AB | 93.60 | 21.56 | 29.93% | |
| SE:SKA.B | Skanska AB | 283.90 | 38.50 | 15.69% | |
| SE:SWEC.B | Sweco AB | 143.60 | -19.63 | -12.03% | |
| SE:AFRY | AFRY AB Class B | 130.40 | -24.15 | -15.63% | |
| SE:BRAV | Bravida Holding AB | 156.20 | 80.41 | 106.09% |
NCC AB Corporate Events
NCC Wins SEK 170 Million Heritage School Refurbishment in Helsinki
NCC has been commissioned by the City of Helsinki to refurbish and upgrade a heritage-listed elementary school and preschool in central Helsinki, in a project valued at approximately SEK 170 million. The historic building, whose oldest sections date...
NCC wins SEK 250m contract for new swim and bowling center in Örkelljunga
NCC has signed a turnkey partnering contract with Örkelljunga Municipality to build a new swim center and bowling alley in the southern Swedish town, an order valued at approximately SEK 250 million. The project, which follows a joint planning a...
NCC Sells Nordic Industry Unit for SEK 8.2 Billion to Refocus on Contracting
NCC has agreed to sell its Industry business area, a leading Nordic producer of stone materials and asphalt, to Heidelberg Materials and CRH for an enterprise value of SEK 8.2 billion. Heidelberg Materials will take over operations in Sweden and Norw...
NCC Wins SEK 180 Million Project to Convert Historic Turku Factory into Rental Housing
NCC has signed an agreement with the Turku University Foundation to convert the culturally historic Sanitas factory in Turku into a modern rental housing complex, including a new extension and underground parking. The project, valued at approximately...
NCC Wins SEK 1 Billion Power Line Contract in Västra Götaland
NCC has secured a major infrastructure contract from Swedish grid operator Svenska kraftnät to build 70 kilometers of new 400 kV overhead power lines in Västra Götaland, along the corridor between the Breared substation in Halmstad Mun...
NCC Wins SEK 200 Million Contract for Sustainable Nursing Home in Turku
NCC has secured a contract from social infrastructure investor Hemsö to build a modern nursing home in Turku, Finland, for approximately SEK 200 million, strengthening its position in the Nordic care facilities segment. The 7,800-square-metre fa...
NCC Secures SEK 3–5 Billion Long-Term Deal for Security Classified Projects
NCC AB has entered a ten-year strategic partnering agreement with an undisclosed customer to deliver multiple security classified construction and civil engineering projects across Sweden. The framework, valued at an estimated SEK 3 to 5 billion, wil...
NCC wins SEK 150m sustainable care facility project in Turku
NCC has secured a SEK 150 million contract from Nordic Income+ (NIP), a fund managed by Urban Partners, to build a 4,600-square-meter residential care facility in Turku’s expanding Herttuankulma neighborhood, providing 114 care places. Develope...
NCC Wins SEK 1.2 Billion Office Redevelopment Contract in Denmark
Nordic construction group NCC has secured a major commission from pension provider Velliv to refurbish and expand a large office complex in Lyngby, north of Copenhagen, Denmark. The turnkey contract, conducted in partnering form with Velliv, architec...
NCC Wins SEK 440 Million Finnish Customs Contract in Vantaa
NCC AB has secured a SEK 440 million contract from state-owned Senate Properties to build new premises for Finnish Customs in Vantaa, north of Helsinki, in a technically demanding project adjacent to the Radiation and Nuclear Safety Authority of Finl...
NCC to Build New Artillery Regiment Base in Kristinehamn
NCC has entered into a partnering agreement with the Swedish Fortifications Agency to plan and later build a new artillery regiment base at Harberget in eastern Kristinehamn, re-establishing Swedish Armed Forces operations in the region. The base, pa...
NCC Wins SEK 220 Million Aalborg Housing Refurbishment Deal
NCC AB has secured a refurbishment contract from municipal housing company Himmerlands Boligförening to upgrade 350 residential units in Aalborg, Denmark, with an order value of approximately SEK 220 million. The project covers row houses and de...
NCC Intensifies Worksite Safety With Sixteenth Nordic Awareness Day
NCC is a major Nordic construction group serving Sweden, Denmark, Norway, and Finland with building and infrastructure projects, asphalt and stone materials, and commercial property development. The company’s scale, with SEK 56 billion in 2025...
NCC AB Adjusts Voting Rights Following August Share Conversions
NCC AB has announced a conversion of shares during August 2026, in line with its articles of association that allow holders of Series A shares to convert them into Series B shares, a process that reduces the company’s total voting rights. Follo...
NCC Wins SEK 300 Million Contract for New Junior High School in Turku
NCC has secured a partnering contract from municipal property company KOy Turun monitoimitilat to build the new St Olof’s School in Turku, Finland, an approximately 9,000-square-meter junior high facility for around 600 students. The project, v...
NCC Wins SEK 190m Danish Grid Contract to Support Green Transition
NCC has been awarded a contract by Danish transmission operator Energinet to build a 400 kV air-insulated switchgear substation at Ringsbjerg on Zealand and to expand the existing facility at Bjäverskov, in a deal valued at about SEK 190 million...
NCC Wins SEK 500m Contract to Expand Fishing Port in Northern Norway
Nordic construction group NCC AB has secured a major infrastructure contract from the Norwegian Coastal Administration to expand and upgrade the Kjøllefjord fishing port in Finnmark, northern Norway. The roughly SEK 500 million project underscor...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 16, 2026