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Nordrest Holding AB
(NREST)
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Rating:73Outperform
Price Target:
kr278.00
▲(8.81% Upside)
Action:Reiterated
Date:05/21/26
The score is driven primarily by solid financial performance and a conservative balance sheet, tempered by margin volatility and mixed cash-flow conversion. Valuation is a clear positive with a low P/E and supportive dividend yield, while technicals are neutral-to-soft in the near term due to trading below the 20-day average and only moderate momentum readings.
Positive Factors
Conservative balance sheet
A low debt-to-equity (~0.33) and a growing equity base provide financial flexibility to fund capex, weather demand shocks, or pursue acquisitions without raising expensive capital. This reduces solvency risk and supports durable capital allocation choices over months to years.
Negative Factors
Sharp gross-margin volatility
Large, recent swings in gross margin signal structural mix changes, pricing pressure, or rising input costs that can erode future profitability. Persistent margin compression would undermine operating leverage and make earnings less predictable over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A low debt-to-equity (~0.33) and a growing equity base provide financial flexibility to fund capex, weather demand shocks, or pursue acquisitions without raising expensive capital. This reduces solvency risk and supports durable capital allocation choices over months to years.
Read all positive factors
Nordrest Holding AB (NREST) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr3.18B
Dividend Yield2.08%
Average Volume (3M)26.09K
Price to Earnings (P/E)16.4
Beta (1Y)0.24
Revenue Growth38.37%
EPS Growth51.90%
CountrySE
Employees1,375
SectorServices
Sector StrengthN/A
IndustryRestaurants
Share Statistics
EPS (TTM)15.25
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)16.8
Revenue Forecast (FY)kr2.87B
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
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Nordrest Holding AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
81
Very Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.71B | 2.55B | 1.91B | 1.77B | 1.21B | 488.85M |
| Gross Profit | 455.39M | 214.45M | 668.30M | 950.14M | 646.70M | 305.09M |
| EBITDA | 320.71M | 295.61M | 200.48M | 176.92M | 74.49M | 38.28M |
| Net Income | 193.96M | 196.08M | 119.72M | 80.73M | 25.36M | 15.81M |
Balance Sheet | ||||||
| Total Assets | 1.07B | 1.04B | 657.83M | 552.24M | 404.18M | 256.52M |
| Cash, Cash Equivalents and Short-Term Investments | 190.13M | 162.25M | 190.97M | 122.96M | 124.88M | 71.41M |
| Total Debt | 70.75M | 81.57M | 33.81M | 34.45M | 20.54M | 16.96M |
| Total Liabilities | 666.80M | 669.88M | 511.67M | 391.66M | 333.94M | 210.86M |
| Stockholders Equity | 289.29M | 250.46M | 143.38M | 96.58M | 39.65M | 37.08M |
Cash Flow | ||||||
| Free Cash Flow | 165.88M | 179.79M | 104.54M | 62.34M | 69.83M | 34.94M |
| Operating Cash Flow | 208.75M | 209.50M | 146.76M | 85.31M | 95.29M | 50.14M |
| Investing Cash Flow | -99.58M | -102.33M | -39.13M | -34.36M | -24.84M | -10.76M |
| Financing Cash Flow | -150.34M | -135.90M | -39.62M | -52.86M | -16.98M | -4.88M |
Nordrest Holding AB Technical Analysis
Negative
255.50
Price Trends
297.16
Negative
292.07
Negative
257.99
Negative
Market Momentum
-12.82
Positive
28.91
Positive
12.15
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NREST, the sentiment is Negative. The current price of 255.5 is below the 20-day moving average (MA) of 268.35, below the 50-day MA of 297.16, and below the 200-day MA of 257.99, indicating a bearish trend. The MACD of -12.82 indicates Positive momentum. The RSI at 28.91 is Positive, neither overbought nor oversold. The STOCH value of 12.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | kr3.18B | 16.36 | ― | 2.08% | 38.37% | 51.90% | |
73 Outperform | kr707.08M | 19.95 | ― | 3.84% | 2.42% | -34.40% | |
73 Outperform | kr1.79B | 12.20 | ― | 1.24% | 12.12% | 103.57% | |
66 Neutral | kr6.90B | 24.06 | ― | ― | -9.37% | -8.66% | |
62 Neutral | kr270.32M | 12.53 | ― | 1.75% | 13.78% | 17.73% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
50 Neutral | kr447.65M | 9.99 | ― | ― | 1.81% | 1797.44% |
* Services Sector Average
SE:NREST
Nordrest Holding AB
249.50
74.82
42.83%
SE:CX
CombinedX AB
36.30
-6.01
-14.21%
SE:BETCO
Better Collective A/S
117.40
-13.70
-10.45%
SE:BONAS
Bonasudden Holding AB
165.00
23.00
16.20%
SE:UTG
Unlimited Travel Group AB
23.10
5.95
34.69%
SE:BYGGP
ByggPartner Gruppen AB
39.40
17.58
80.58%
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.