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Nordic Flanges Group AB
(NFGAB)
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Rating:60Neutral
Price Target:
kr33.00
▲(179.66% Upside)
Action:Reiterated
Date:10/31/26
The score is driven primarily by improving financial performance (return to profitability and solid TTM cash generation) but is capped by balance-sheet risk, historical volatility, and a sharp gross-margin decline that makes the recovery less proven. Technicals are mixed with near-term softness, while valuation is a relative positive due to the low P/E.
Positive Factors
Return to Profitability
TTM profitability and positive EBIT show a meaningful operational recovery from prior losses. If maintained, the improved earnings base can support reinvestment and strengthen internal funding capacity over the next several quarters.
Negative Factors
Gross-Margin Deterioration
TTM gross margin of ~17.1%, versus above 50% in prior annual periods, represents a major deterioration in unit economics. Unless margins recover or stabilize, the improvement in EBIT and net profit may remain vulnerable to cost, pricing, or mix pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to Profitability
TTM profitability and positive EBIT show a meaningful operational recovery from prior losses. If maintained, the improved earnings base can support reinvestment and strengthen internal funding capacity over the next several quarters.
Read all positive factors
Nordic Flanges Group AB (NFGAB) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr71.58M
Dividend Yield<0.01%
Average Volume (3M)3.17K
Price to Earnings (P/E)10.1
Beta (1Y)0.71
Revenue Growth9.23%
EPS GrowthN/A
CountrySE
Employees89
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)3.52
Shares Outstanding2,294,092
10 Day Avg. Volume3,526
30 Day Avg. Volume3,166
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...
Nordic Flanges Group AB Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
56
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 244.66M | 228.26M | 228.78M | 272.87M | 238.50M | 191.26M |
| Gross Profit | 68.54M | 123.70M | 119.53M | 126.98M | 119.16M | 108.45M |
| EBITDA | 23.20M | 18.17M | -2.35M | 468.00K | 9.35M | 1.45M |
| Net Income | 8.09M | -2.54M | -19.76M | -19.36M | -7.68M | -12.03M |
Balance Sheet | ||||||
| Total Assets | 119.53M | 111.80M | 127.97M | 129.53M | 144.51M | 130.70M |
| Cash, Cash Equivalents and Short-Term Investments | 6.63M | 16.03M | 11.10M | 4.23M | 5.45M | 5.79M |
| Total Debt | 31.25M | 43.89M | 47.33M | 47.63M | 54.85M | 51.14M |
| Total Liabilities | 92.18M | 94.57M | 105.48M | 110.55M | 105.89M | 101.25M |
| Stockholders Equity | 27.35M | 17.23M | 22.49M | 18.98M | 38.61M | 29.45M |
Cash Flow | ||||||
| Free Cash Flow | 10.53M | 9.67M | -2.60M | -4.02M | -20.12M | -12.18M |
| Operating Cash Flow | 14.30M | 11.89M | -845.00K | 6.74M | -9.73M | 2.86M |
| Investing Cash Flow | -3.77M | -1.94M | -815.00K | -9.81M | -10.39M | -15.03M |
| Financing Cash Flow | -14.44M | -3.68M | 8.52M | 1.85M | 15.61M | 14.14M |
Nordic Flanges Group AB Technical Analysis
Neutral
11.80
Price Trends
30.84
Positive
26.91
Positive
22.56
Positive
Market Momentum
0.39
Positive
48.13
Neutral
4.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NFGAB, the sentiment is Neutral. The current price of 11.8 is below the 20-day moving average (MA) of 33.34, below the 50-day MA of 30.84, and below the 200-day MA of 22.56, indicating a neutral trend. The MACD of 0.39 indicates Positive momentum. The RSI at 48.13 is Neutral, neither overbought nor oversold. The STOCH value of 4.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | kr743.24M | 39.07 | 25.77% | 4.27% | -19.19% | -43.88% | |
60 Neutral | kr71.58M | 10.13 | ― | <0.01% | 9.23% | ― | |
58 Neutral | kr750.08M | 14.76 | ― | 2.28% | 13.32% | 79.18% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | kr8.94B | 231.77 | 1.75% | 1.73% | -0.27% | -89.49% | |
45 Neutral | kr518.33M | 15.98 | ― | ― | 210.37% | ― | |
44 Neutral | kr169.48M | 29.92 | ― | 5.33% | 0.31% | 16.85% |
* General Sector Average
SE:NFGAB
Nordic Flanges Group AB
31.20
19.00
155.74%
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105.50
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149.40
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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.