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Nordic Group Limited
(SGX:MR7)
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Rating:76Outperform
Price Target:
S$0.54
▼(-1.45% Downside)
Action:Upgraded
Date:08/19/26
The score is driven primarily by strong financial fundamentals (rapid TTM revenue growth, solid margins, and improved leverage), supported by constructive technicals (price above major moving averages with positive momentum). Valuation is also supportive (P/E ~10.7 and ~3.28% dividend yield). The main risk tempering the score is the sharp TTM EBIT drop versus prior years and softer recent free-cash-flow momentum, which suggests operating consistency should be monitored.
Positive Factors
Revenue Growth
The sharp TTM revenue increase indicates strong recent demand for Nordic’s engineering and systems-integration offering. If sustained, this enlarged revenue base can improve operating scale, support reinvestment across industrial sectors, and strengthen the company’s position over the next several quarters.
Negative Factors
EBIT Volatility
The steep decline in EBIT despite strong TTM revenue raises concern about operating profitability and earnings quality. It suggests that cost structure, project mix, or other below-revenue factors may be unstable, making reported growth less dependable until operating earnings recover consistently.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The sharp TTM revenue increase indicates strong recent demand for Nordic’s engineering and systems-integration offering. If sustained, this enlarged revenue base can improve operating scale, support reinvestment across industrial sectors, and strengthen the company’s position over the next several quarters.
Read all positive factors
Nordic Group Limited (MR7) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$186.11M
Dividend Yield4.32%
Average Volume (3M)51.04K
Price to Earnings (P/E)9.2
Beta (1Y)0.44
Revenue Growth-6.81%
EPS Growth20.60%
CountrySG
Employees189
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.05
Shares Outstanding400,000,000
10 Day Avg. Volume77,870
30 Day Avg. Volume51,036
Financial Highlights & Ratios
PEG Ratio1.08
Price to Book (P/B)1.25
Price to Sales (P/S)1.16
P/FCF Ratio6.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.68Price Target Upside23.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.06
Revenue Forecast (FY)S$160.13M
Nordic Group Limited Business Overview & Revenue Model
Company Description
Nordic Group Limited, an investment holding company established in Singapore in 1998, delivers a comprehensive suite of industrial solutions. These encompass system integration, maintenance, repair, and overhaul (MRO) services, alongside trading, ...
Nordic Group Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
69
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 155.68M | 153.28M | 158.39M | 160.64M | 162.76M | 103.06M |
| Gross Profit | 41.74M | 40.47M | 36.67M | 36.41M | 45.75M | 27.51M |
| EBITDA | 31.11M | 29.62M | 29.88M | 28.31M | 31.77M | 19.06M |
| Net Income | 20.75M | 19.02M | 17.51M | 15.98M | 20.67M | 13.88M |
Balance Sheet | ||||||
| Total Assets | 230.89M | 228.96M | 234.81M | 265.58M | 237.81M | 192.27M |
| Cash, Cash Equivalents and Short-Term Investments | 46.54M | 41.81M | 43.44M | 73.74M | 55.91M | 75.34M |
| Total Debt | 42.02M | 43.67M | 65.53M | 102.12M | 77.98M | 63.65M |
| Total Liabilities | 82.79M | 87.42M | 105.00M | 148.11M | 127.79M | 94.63M |
| Stockholders Equity | 148.10M | 141.55M | 129.80M | 117.47M | 110.02M | 97.64M |
Cash Flow | ||||||
| Free Cash Flow | 25.15M | 28.48M | 13.98M | 10.18M | 34.12M | 9.20M |
| Operating Cash Flow | 26.81M | 29.51M | 15.98M | 11.29M | 35.00M | 9.92M |
| Investing Cash Flow | 363.00K | 510.00K | -3.09M | -5.20M | -52.54M | -575.00K |
| Financing Cash Flow | -12.75M | -30.30M | -46.65M | 14.96M | -4.46M | 8.07M |
Nordic Group Limited Technical Analysis
Negative
0.55
Price Trends
0.54
Negative
0.53
Negative
0.52
Negative
Market Momentum
-0.02
Positive
24.05
Positive
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:MR7, the sentiment is Negative. The current price of 0.55 is above the 20-day moving average (MA) of 0.52, above the 50-day MA of 0.54, and above the 200-day MA of 0.52, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 24.05 is Positive, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:MR7.
Nordic Group Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | S$186.11M | 9.20 | 14.33% | 4.32% | -6.81% | 20.60% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | S$128.03M | 7.51 | 5.90% | 4.50% | -28.51% | -325.38% | |
61 Neutral | S$146.48M | 21.67 | 2.37% | 5.77% | -17.98% | ― |
* Industrials Sector Average
SG:MR7
Nordic Group Limited
0.48
0.07
18.52%
SG:ER0
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0.26
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0.06
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SG:K75
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0.20
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-32.29%
Nordic Group Limited Corporate Events
Nordic Group Wins S$71.5 Million in Multi-Industry Engineering Contracts
Aug 7, 2026
Nordic Group Limited has secured approximately S$71.5 million in new contracts across its Engineering Solutions and Engineering Services divisions, reflecting robust demand from marine and offshore, semiconductor, defence, petrochemical and other ...
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.