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Nordrest Holding AB
(NREST)
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Rating:74Outperform
Price Target:
kr292.00
▲(14.29% Upside)
Action:Upgraded
Date:08/28/26
The score is driven primarily by strong financial performance—rapid TTM revenue growth, solid operating margins, and improving free cash flow—tempered by gross margin volatility and a declining equity base. Technicals are moderately constructive but mixed on longer-term trend, while valuation appears reasonable with a supportive dividend yield.
Positive Factors
Strong Revenue and Profitability
Nordrest is combining substantial revenue expansion with solid operating and net margins. Sustaining this profitability while integrating growth would strengthen its market position and provide a durable earnings base over the next several quarters.
Negative Factors
Gross Margin Volatility
Large historical changes in gross margin suggest that mix, pricing or cost structure can materially affect earnings. This reduces confidence in margin sustainability and makes future profitability more difficult to underwrite across contracts and locations.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue and Profitability
Nordrest is combining substantial revenue expansion with solid operating and net margins. Sustaining this profitability while integrating growth would strengthen its market position and provide a durable earnings base over the next several quarters.
Read all positive factors
Nordrest Holding AB (NREST) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr3.36B
Dividend Yield3.26%
Average Volume (3M)26.09K
Price to Earnings (P/E)17.1
Beta (1Y)0.28
Revenue Growth34.26%
EPS Growth43.79%
CountrySE
Employees1,061
SectorGeneral
Sector StrengthN/A
IndustryRestaurants
Share Statistics
EPS (TTM)15.54
Shares Outstanding12,725,926
10 Day Avg. Volume7,439
30 Day Avg. Volume26,085
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)12.52
Price to Sales (P/S)1.23
P/FCF Ratio17.44
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)16.73
Revenue Forecast (FY)kr2.89B
Nordrest Holding AB Business Overview & Revenue Model
Company Description
Nordrest Holding AB (publ) is an international foodservice enterprise active in Sweden and globally. Its operations primarily encompass the management of restaurants and cafes, where a focus on guest experience and efficient flow is paramount, alo...
How the Company Makes Money
Nordrest Holding AB makes money primarily by providing foodservice and restaurant operations under contracts and/or through direct restaurant sales. Key revenue streams generally include (1) prepared meals and catering/foodservice sales to end cus...
Nordrest Holding AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
71
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.82B | 2.55B | 1.91B | 1.77B | 1.21B | 488.85M |
| Gross Profit | 351.17M | 214.45M | 668.30M | 950.14M | 646.70M | 305.09M |
| EBITDA | 327.37M | 295.61M | 200.48M | 176.92M | 74.49M | 38.28M |
| Net Income | 197.77M | 196.08M | 119.72M | 80.73M | 25.36M | 15.81M |
Balance Sheet | ||||||
| Total Assets | 974.86M | 1.04B | 657.83M | 552.24M | 404.18M | 256.52M |
| Cash, Cash Equivalents and Short-Term Investments | 181.01M | 162.25M | 190.97M | 122.96M | 124.88M | 71.41M |
| Total Debt | 71.04M | 81.57M | 33.81M | 34.45M | 20.54M | 16.96M |
| Total Liabilities | 630.46M | 669.88M | 511.67M | 391.66M | 333.94M | 210.86M |
| Stockholders Equity | 228.82M | 250.46M | 143.38M | 96.58M | 39.65M | 37.08M |
Cash Flow | ||||||
| Free Cash Flow | 192.96M | 179.79M | 104.54M | 62.34M | 69.83M | 34.94M |
| Operating Cash Flow | 245.96M | 209.50M | 146.76M | 85.31M | 95.29M | 50.14M |
| Investing Cash Flow | -52.80M | -102.33M | -39.13M | -34.36M | -24.84M | -10.76M |
| Financing Cash Flow | -188.29M | -135.90M | -39.62M | -52.86M | -16.98M | -4.88M |
Nordrest Holding AB Technical Analysis
Positive
255.50
Price Trends
253.04
Positive
277.63
Negative
268.32
Negative
Market Momentum
1.21
Negative
58.45
Neutral
67.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NREST, the sentiment is Positive. The current price of 255.5 is above the 20-day moving average (MA) of 253.17, above the 50-day MA of 253.04, and below the 200-day MA of 268.32, indicating a neutral trend. The MACD of 1.21 indicates Negative momentum. The RSI at 58.45 is Neutral, neither overbought nor oversold. The STOCH value of 67.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:NREST.
Nordrest Holding AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | kr3.36B | 17.11 | ― | 2.08% | 34.26% | 43.79% | |
70 Outperform | kr4.47B | 15.09 | ― | 2.39% | 10.93% | -8.55% | |
68 Neutral | kr2.98B | 16.85 | 2.48% | ― | 57.31% | 302.59% | |
65 Neutral | kr1.74B | 5.32 | ― | 1.67% | 4.35% | 152.83% | |
63 Neutral | kr4.39B | 8.18 | ― | ― | 4.12% | 42.12% | |
61 Neutral | kr4.20B | 9.24 | ― | ― | 33.54% | 94.76% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:NREST
Nordrest Holding AB
261.00
47.04
21.98%
SE:BRIN.B
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SE:JOMA
John Mattson Fastighetsforetagen AB
58.50
-1.65
-2.75%
SE:PRISMA
Prisma Properties AB
25.40
0.45
1.80%
SE:GPG
Genova Property Group AB
37.50
-2.47
-6.17%
SE:EAST
Eastnine AB
45.30
-0.19
-0.41%
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.