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Norditek Group AB (NOTEK) AI Stock Analysis

SE:NOTEK

Norditek Group AB

(Nasdaq OMX AB:NOTEK)

Select Model
Rating:42.4Neutral
Price Target:SEK 6.00â–¼(-0.66% Downside)
Action:reiterated
Date:10/17/26

The score is held down primarily by deteriorating financial performance (loss-making latest year and highly volatile, often negative cash flow) and a bearish technical setup (price below key moving averages with negative MACD). Valuation is not supportive because the negative P/E reflects losses and there is no dividend yield data.

Positive Factors
Moderate leverageModerate leverage provides Norditek with some balance-sheet flexibility relative to a more heavily indebted business. Debt below equity across most recent years may help preserve access to funding and leave greater capacity to manage operating volatility or support investment when profitability improves.
Negative Factors
Revenue and earnings deteriorationA 14% revenue decline combined with a move into net loss signals a significant deterioration in operating performance. This weakens internal funding capacity and raises concern that the previously demonstrated profitability may not persist unless demand and execution improve over the coming periods.

Norditek Group AB (NOTEK) vs. iShares MSCI Sweden ETF (EWD)

-60%-40%-20%0%20%SE:NOTEK-56.07%EWD+13.33%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
SEK 82.94M
Dividend Yield
―
Average Volume (3M)
5,314
Price to Earnings (P/E)
-75.3
Beta (1Y)
0.53
Revenue Growth
-7.36%
EPS Growth
-109.71%
Country
Sweden
Employees
14
Sector
General
Sector Strength
55
Industry
Waste Management

Norditek Group AB Business Overview & Revenue Model

Company Description

Norditek Group AB (publ), established in 1998 and headquartered in Gothenburg, Sweden, specializes in providing equipment for material recycling and conversion across Sweden. The company develops, sells, and offers rental or leasing options for crush...

Norditek Group AB Financial Statement Overview

Summary

Financial results are pressured: the latest year saw a sharp profitability deterioration (revenue down ~14% and a swing to net loss) and cash generation has been weak and volatile with negative operating cash flow in multiple years and deeply negative free cash flow in 2026. The balance sheet is only moderately levered, but debt rose materially in 2026 while profitability weakened, increasing near-term risk.

Income Statement

34Negative

Balance Sheet

58Neutral

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMAug 2026Aug 2025Aug 2024Aug 2023Aug 2022
Income Statement
Total Revenue99.64M99.64M107.55M78.30M91.64M71.66M
Gross Profit249.00K250.00K17.05M35.19M39.23M31.39M
EBITDA6.91M6.30M22.07M10.13M14.31M14.32M
Net Income-1.22M-1.57M11.44M696.00K4.80M6.71M
Balance Sheet
Total Assets184.44M184.44M178.75M143.34M141.40M140.09M
Cash, Cash Equivalents and Short-Term Investments14.53M14.53M20.61M11.09M369.00K16.35M
Total Debt65.66M65.66M42.19M38.23M46.44M36.73M
Total Liabilities87.59M87.59M80.83M71.40M70.21M74.24M
Stockholders Equity96.85M96.85M97.92M71.94M71.19M65.86M
Cash Flow
Free Cash Flow-24.49M-24.49M-5.74M21.93M-13.29M-13.71M
Operating Cash Flow-946.00K-946.00K7.86M22.57M-12.78M-12.96M
Investing Cash Flow-23.54M-23.54M-18.03M-647.00K-508.00K3.71M
Financing Cash Flow18.48M18.48M19.96M-11.03M-2.44M21.76M

Norditek Group AB Technical Analysis

Technical Analysis SentimentNegative
Last Price6.04

Price Trends

50DMA9.09Negative
100DMA10.12Negative
200DMA11.63Negative

Market Momentum

MACD-0.93Positive
RSI30.74Neutral
STOCH29.58Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NOTEK, the sentiment is Negative. The current price of 6.04 is below the 20-day moving average (MA) of 7.33, below the 50-day MA of 9.09, and below the 200-day MA of 11.63, indicating a bearish trend. The MACD of -0.93 indicates Positive momentum. The RSI at 30.74 is Neutral, neither overbought nor oversold. The STOCH value of 29.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:NOTEK.

Norditek Group AB Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

SE:NOTEK against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
SE:WAYSSE:WAYS58NeutralSEK 347.26M198.00――16.73%202.62%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
SE:CDMILSE:CDMIL54NeutralSEK 190.70M71.68――-21.20%-39.49%
SE:DISTSE:DIST48NeutralSEK 144.56M-0.28――-20.74%99.08%
SE:NOTEKSE:NOTEK42NeutralSEK 83.12M-75.31――-7.36%-109.71%
SE:NETELSE:NETEL41NeutralSEK 153.54M-1.25――-9.70%4.65%

* General Sector Average

Performance Comparison

-50%0%50%100%SE:NOTEKSE:SE0009994445SE:DISTSE:WAYSSE:NETELSE:CDMILDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
SE:NOTEK and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SE:NOTEKNorditek Group AB6.04-7.51-55.42%
SE:SE0009994445Seamless Distribution Systems AB6.851.0518.10%
SE:DISTDistIT AB0.15-0.01-4.94%
SE:WAYSWaystream Group AB39.605.6016.47%
SE:NETELNetel Holding AB3.17-1.75-35.67%
SE:CDMILCodemill AB14.00-2.90-17.16%
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.

Date of analysis: Oct 17, 2026