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Collector AB
(NORION)
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Rating:55Neutral
Price Target:
kr69.00
▲(0.73% Upside)
Action:Reiterated
Date:07/15/26
The score is held back primarily by weak and volatile cash flow (negative TTM operating and free cash flow) and bearish technicals with the share price below major moving averages. These are partially offset by strong reported profitability, a moderate-leverage balance sheet, and a low P/E valuation.
Positive Factors
Strong profitability
Strong net and operating margins indicate that the business remains profitable despite a weaker growth environment. TTM net income of approximately 1.19B provides an established earnings base, while sustained margins can support resilience and ongoing operations over the next several quarters.
Negative Factors
Shrinking revenue
Revenue contraction across both the latest annual period and TTM signals weakening business momentum rather than a single reporting-period fluctuation. Persistent top-line decline can reduce operating leverage, constrain future investment capacity, and make it harder to sustain current earnings levels.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability
Strong net and operating margins indicate that the business remains profitable despite a weaker growth environment. TTM net income of approximately 1.19B provides an established earnings base, while sustained margins can support resilience and ongoing operations over the next several quarters.
Read all positive factors
Collector AB (NORION) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr12.83B
Dividend YieldN/A
Average Volume (3M)351.61K
Price to Earnings (P/E)11.2
Beta (1Y)0.62
Revenue Growth-5.39%
EPS Growth-11.29%
CountrySE
Employees467
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)6.02
Shares Outstanding189,782,530
10 Day Avg. Volume345,964
30 Day Avg. Volume351,608
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)1.46
Price to Sales (P/S)2.53
P/FCF Ratio11.16
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)6.96
Revenue Forecast (FY)kr3.94B
Collector AB Business Overview & Revenue Model
Company Description
Headquartered in Gothenburg, Sweden, Norion Bank AB, established in 1999 and formerly known as Collector Bank AB until its rebranding in September 2023, delivers comprehensive financial solutions. The bank primarily serves small and medium-sized e...
Collector AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.34B | 5.48B | 5.62B | 4.97B | 3.70B | 3.00B |
| Gross Profit | 3.54B | 3.82B | 3.70B | 3.65B | 3.21B | 2.64B |
| EBITDA | 1.63B | 1.92B | 1.68B | 1.70B | 1.50B | 995.00M |
| Net Income | 1.19B | 1.44B | 1.26B | 1.29B | 1.14B | 753.00M |
Balance Sheet | ||||||
| Total Assets | 69.19B | 67.53B | 67.21B | 54.06B | 48.68B | 44.29B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 4.75B | 4.20B | 3.20B | 3.11B | 5.31B |
| Total Debt | 2.90B | 3.45B | 2.99B | 1.36B | 3.47B | 5.73B |
| Total Liabilities | 59.18B | 58.05B | 58.16B | 45.75B | 41.61B | 38.38B |
| Stockholders Equity | 10.01B | 9.48B | 9.05B | 8.30B | 7.07B | 5.92B |
Cash Flow | ||||||
| Free Cash Flow | -71.00M | 1.24B | -178.00M | 2.30B | 238.00M | -3.55B |
| Operating Cash Flow | -17.00M | 1.31B | -101.00M | 2.36B | 277.00M | -3.51B |
| Investing Cash Flow | -225.00M | -79.00M | -139.00M | -58.00M | -39.00M | -39.00M |
| Financing Cash Flow | -733.00M | -555.00M | 1.12B | -2.14B | -2.49B | 4.96B |
Collector AB Technical Analysis
Positive
68.50
Price Trends
65.81
Positive
62.09
Positive
61.36
Positive
Market Momentum
-0.02
Positive
53.48
Neutral
49.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NORION, the sentiment is Positive. The current price of 68.5 is above the 20-day moving average (MA) of 67.89, above the 50-day MA of 65.81, and above the 200-day MA of 61.36, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 53.48 is Neutral, neither overbought nor oversold. The STOCH value of 49.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:NORION.
Collector AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | kr13.06B | 17.21 | 22.19% | 2.98% | 17.46% | 13.75% | |
66 Neutral | kr18.12B | 13.37 | 22.14% | 1.58% | 12.14% | 55.77% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | kr12.83B | 11.23 | ― | ― | -5.39% | -11.29% | |
50 Neutral | kr10.19B | -1.05 | -15.95% | 4.73% | -2.84% | -7.20% |
* General Sector Average
SE:NORION
Collector AB
67.60
-0.70
-1.02%
SE:HOFI
Hoist Finance AB
208.00
110.12
112.51%
SE:INTRUM
Intrum Justitia AB
3.17
-6.99
-68.78%
SE:MORROW
Komplett Bank ASA
16.76
2.61
18.46%
SE:AVARDA
TF Bank AB
204.50
27.88
15.79%
SE:ARION
Arion Banki hf Shs Swedish DR
14.76
1.66
12.66%
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.