N

Norva24 Group AB (publ)
STO:NORVA

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Norva24 Group AB (publ)
STO:NORVA
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Price: 31.2 SEK Market Closed
Market Cap: 5.7B SEK
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Intrinsic Value

The intrinsic value of one NORVA stock under the Base Case scenario is 38.71 SEK. Compared to the current market price of 31.2 SEK, Norva24 Group AB (publ) is Undervalued by 19%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

NORVA Intrinsic Value
38.71 SEK
Undervaluation 19%
Intrinsic Value
Price
N
Worst Case
Base Case
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Norva24 Group AB (publ)

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Financials
Annual
Quarterly
TTM
Annual
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TTM

Balance Sheet Decomposition
Norva24 Group AB (publ)

Current Assets 1B
Cash & Short-Term Investments 173.9m
Receivables 841m
Other Current Assets 24.1m
Non-Current Assets 3.8B
Long-Term Investments 6.7m
PP&E 1.6B
Intangibles 2.2B
Other Non-Current Assets 100k
Current Liabilities 944.1m
Accounts Payable 211.4m
Other Current Liabilities 732.7m
Non-Current Liabilities 1.7B
Long-Term Debt 1.5B
Other Non-Current Liabilities 189.9m
Efficiency

Earnings Waterfall
Norva24 Group AB (publ)

Revenue
3.4B NOK
Cost of Revenue
-542.9m NOK
Gross Profit
2.8B NOK
Operating Expenses
-2.5B NOK
Operating Income
314m NOK
Other Expenses
-98.3m NOK
Net Income
215.7m NOK

Free Cash Flow Analysis
Norva24 Group AB (publ)

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Norva24 experienced a robust Q2 with revenues up 17.3% and an adjusted EBITDA margin improving by 220 basis points. Organic growth, discounting currency effects, was 9.2%. The company’s ambitious acquisition strategy added NOK 380 million in annual revenues, including key purchases like Vitek. These activities support Norva24's goal of reaching NOK 4.5 billion in revenue by 2025. Challenges persist in Germany due to underperforming units linked to the construction industry's fluctuations, but corrective measures are in place. The firm remains confident in achieving midterm EBITDA margins of 14-15%, emphasizing prudent capital allocation and efficiency improvements.

What is Earnings Call?
Fundamental Scores

NORVA Profitability Score
Profitability Due Diligence

Norva24 Group AB (publ)'s profitability score is 55/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Free Cash Flow
Positive Revenue Growth Forecast
Positive 1-Year Revenue Growth
55/100
Profitability
Score

Norva24 Group AB (publ)'s profitability score is 55/100. The higher the profitability score, the more profitable the company is.

NORVA Solvency Score
Solvency Due Diligence

Norva24 Group AB (publ)'s solvency score is 40/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Average Altman Z-Score
40/100
Solvency
Score

Norva24 Group AB (publ)'s solvency score is 40/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

NORVA Price Targets Summary
Norva24 Group AB (publ)

Wall Street analysts forecast NORVA stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for NORVA is 36.99 SEK with a low forecast of 31.31 SEK and a high forecast of 40.95 SEK.

Lowest
Price Target
31.31 SEK
0% Upside
Average
Price Target
36.99 SEK
19% Upside
Highest
Price Target
40.95 SEK
31% Upside
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Dividends

Norva24 Group AB (publ)
does not pay dividends
Shareholder Yield

Current shareholder yield for NORVA is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
No dividends
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Debt Paydown Yield
Lowest
Average
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Ownership

NORVA Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Profile

Norva24 Group AB (publ)

Country

Sweden

Industry

Commercial Services & Supplies

Market Cap

5.7B SEK

Dividend Yield

0%

Description

Norva24 Group AB engages in underground infrastructure maintenance (UIM). The company is headquartered in Stockholm, Stockholm. The company went IPO on 2021-12-09. The firm's service offering includes mission-critical and non-discretionary maintenance services for underground infrastructure, such as pressure washing, emptying services and pipe services. Norva24 Group has experience emptying septic tanks, grease separators and sand traps. The company also offers a range of services in pressure washing, such as tank cleaning and high and ultra-high pressure washing. The Company’s pipe services include pipe inspections, relining, pressure testing, leak detection, tightness checks and pipe cleaning. Norva24 Group has operations in Sweden, Denmark, Germany and Norway and operates more than 60 branches in these countries.

Contact

STOCKHOLM
Stockholm
Brommavagen 4
www.norva24.com

IPO

2021-12-09

Employees

1 573

Officers

Group Chief Executive Officer
Mr. Henrik Norrbom
Chief Financial Officer
Mr. Stein Yndestad
Head of IR
Mr. Sture Stolen
Chief Executive Officer of Norway
Mr. Tore Hansen
Chief Executive Officer of Germany
Mr. Bertolt Gartner
Chief Executive Officer of Denmark
Mr. Tim Normann
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Chief Executive Officer of Sweden
Mr. Mikael Smedborn
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See Also

Discover More
What is the Intrinsic Value of one NORVA stock?

The intrinsic value of one NORVA stock under the Base Case scenario is 38.71 SEK.

Is NORVA stock undervalued or overvalued?

Compared to the current market price of 31.2 SEK, Norva24 Group AB (publ) is Undervalued by 19%.

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