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Nordic Flanges Group AB
(NFGAB)
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Rating:57Neutral
Price Target:
kr29.00
▲(145.76% Upside)
Action:Reiterated
Date:08/22/26
The score is driven primarily by improving financial performance—especially the shift to positive earnings and meaningfully stronger free cash flow—tempered by still-elevated leverage and modest margins. Technicals are supportive given the strong uptrend, but overbought signals raise near-term pullback risk. Valuation is a headwind because the negative P/E reduces confidence in earnings-based valuation and no dividend yield is available.
Positive Factors
Improving cash generation
Positive operating and free cash flow mark a substantial improvement from frequently negative free cash flow in 2022–2024. Sustained cash generation could strengthen liquidity, support reinvestment and gradually reduce reliance on external financing.
Negative Factors
Elevated leverage and thin equity
Debt still exceeds equity and the relatively thin equity base can amplify volatility in shareholder returns. This limits financial flexibility and leaves the company more exposed to weaker demand, higher financing costs or execution setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
Positive operating and free cash flow mark a substantial improvement from frequently negative free cash flow in 2022–2024. Sustained cash generation could strengthen liquidity, support reinvestment and gradually reduce reliance on external financing.
Read all positive factors
Nordic Flanges Group AB (NFGAB) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr65.61M
Dividend Yield<0.01%
Average Volume (3M)2.57K
Price to Earnings (P/E)9.3
Beta (1Y)0.91
Revenue Growth3.08%
EPS GrowthN/A
CountrySE
Employees91
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)3.08
Shares Outstanding2,294,092
10 Day Avg. Volume3,509
30 Day Avg. Volume2,573
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)1.57
Price to Sales (P/S)0.12
P/FCF Ratio2.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.79
Revenue Forecast (FY)kr242.00M
Nordic Flanges Group AB Business Overview & Revenue Model
Company Description
Headquartered in Stockholm, Sweden, Nordic Flanges Group AB (publ) manufactures and distributes industrial flanges across the Nordic countries and internationally. The company delivers a variety of flange solutions and forged products, utilizing m...
How the Company Makes Money
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Nordic Flanges Group AB Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
48
Neutral
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 236.67M | 228.26M | 228.78M | 272.87M | 238.50M | 191.26M |
| Gross Profit | 40.39M | 123.70M | 119.53M | 126.98M | 119.16M | 108.45M |
| EBITDA | 21.28M | 18.17M | -2.35M | 468.00K | 7.90M | 1.45M |
| Net Income | 7.07M | -2.54M | -19.76M | -19.36M | -7.68M | -12.03M |
Balance Sheet | ||||||
| Total Assets | 114.54M | 111.80M | 127.97M | 129.53M | 144.51M | 130.70M |
| Cash, Cash Equivalents and Short-Term Investments | 5.53M | 16.03M | 11.10M | 4.23M | 5.45M | 5.79M |
| Total Debt | 27.45M | 43.89M | 47.33M | 47.63M | 54.85M | 51.14M |
| Total Liabilities | 89.92M | 94.57M | 105.48M | 110.55M | 105.89M | 101.25M |
| Stockholders Equity | 24.62M | 17.23M | 22.49M | 18.98M | 38.61M | 29.45M |
Cash Flow | ||||||
| Free Cash Flow | 13.63M | 9.67M | -2.60M | -4.02M | -20.12M | -12.18M |
| Operating Cash Flow | 16.65M | 11.89M | -845.00K | 6.74M | -9.73M | 2.86M |
| Investing Cash Flow | -2.73M | -1.94M | -815.00K | -9.81M | -10.39M | -15.03M |
| Financing Cash Flow | -17.86M | -3.68M | 8.52M | 1.85M | 15.61M | 14.14M |
Nordic Flanges Group AB Technical Analysis
Positive
11.80
Price Trends
23.75
Positive
24.63
Positive
18.57
Positive
Market Momentum
1.88
Negative
65.28
Neutral
37.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NFGAB, the sentiment is Positive. The current price of 11.8 is below the 20-day moving average (MA) of 25.56, below the 50-day MA of 23.75, and below the 200-day MA of 18.57, indicating a bullish trend. The MACD of 1.88 indicates Negative momentum. The RSI at 65.28 is Neutral, neither overbought nor oversold. The STOCH value of 37.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:NFGAB.
Nordic Flanges Group AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr753.81M | 39.63 | 25.77% | 2.86% | -19.19% | -43.88% | |
59 Neutral | kr9.12B | 283.20 | 1.59% | 1.70% | -0.27% | -89.49% | |
58 Neutral | kr718.32M | 14.13 | ― | 2.38% | 13.32% | 79.18% | |
57 Neutral | kr65.61M | 9.29 | ― | <0.01% | 3.08% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | kr668.15M | -22.35 | ― | ― | 35.23% | 16.63% | |
44 Neutral | kr161.90M | 28.58 | ― | 5.33% | 0.31% | 16.85% |
* General Sector Average
SE:NFGAB
Nordic Flanges Group AB
28.60
21.35
294.48%
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107.00
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152.40
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267.77%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.