N

Nordnet AB (publ)
STO:SAVE

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Nordnet AB (publ)
STO:SAVE
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Price: 231.8 SEK 0.43% Market Closed
Market Cap: 58.2B SEK
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Intrinsic Value

The intrinsic value of one SAVE stock under the Base Case scenario is 242.64 SEK. Compared to the current market price of 231.8 SEK, Nordnet AB (publ) is Undervalued by 4%.

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

SAVE Intrinsic Value
242.64 SEK
Undervaluation 4%
Intrinsic Value
Price
N
Worst Case
Base Case
Best Case

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Nordnet 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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Fundamental Analysis

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Nordnet AB (publ)

Current Assets 3.8B
Cash & Short-Term Investments 3.1B
Receivables 29.2m
Other Current Assets 678.8m
Non-Current Assets 240.7B
Long-Term Investments 203.7B
PP&E 307.7m
Intangibles 1B
Other Non-Current Assets 35.7B
Current Liabilities 61B
Accrued Liabilities 280.6m
Short-Term Debt 60B
Other Current Liabilities 681.9m
Non-Current Liabilities 176.6B
Other Non-Current Liabilities 176.6B
Efficiency

Earnings Waterfall
Nordnet AB (publ)

Revenue
6.3B SEK
Cost of Revenue
-1.5B SEK
Gross Profit
4.9B SEK
Operating Expenses
-1.3B SEK
Operating Income
3.5B SEK
Other Expenses
-860m SEK
Net Income
2.7B SEK

Free Cash Flow Analysis
Nordnet AB (publ)

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

In the first quarter, Nordnet achieved record quarterly revenue and profit, with figures reaching nearly SEK 1.3 billion and SEK 900 million respectively. Customer growth increased by 10% year-on-year, leading to a net savings of SEK 19 billion. The company sold a non-core secured lending business to Ikano Bank, freeing up SEK 3.8 billion in liquidity. For the remainder of 2024, Nordnet expects mid-single-digit cost growth and stable net interest income despite varying deposits. The firm also plans to increase brand marketing spending in H2 to boost customer growth.

What is Earnings Call?
Fundamental Scores

SAVE Profitability Score
Profitability Due Diligence

Nordnet AB (publ)'s profitability score is 70/100. The higher the profitability score, the more profitable the company is.

Negative Free Cash Flow
Exceptional 3-Year Average ROE
Positive Gross Profit
Positive Operating Income
70/100
Profitability
Score

Nordnet AB (publ)'s profitability score is 70/100. The higher the profitability score, the more profitable the company is.

SAVE Solvency Score
Solvency Due Diligence

Nordnet AB (publ)'s solvency score is 21/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Positive Net Debt
Short-Term Solvency
High D/E
21/100
Solvency
Score

Nordnet AB (publ)'s solvency score is 21/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

SAVE Price Targets Summary
Nordnet AB (publ)

Wall Street analysts forecast SAVE stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SAVE is 222.64 SEK with a low forecast of 174.23 SEK and a high forecast of 267.75 SEK.

Lowest
Price Target
174.23 SEK
25% Downside
Average
Price Target
222.64 SEK
4% Downside
Highest
Price Target
267.75 SEK
16% Upside
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Dividends

Dividend Yield
Lowest
Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
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Unsafe
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Very
Safe
0
25
50
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100
Shareholder Yield

Current shareholder yield for SAVE 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
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Buyback Yield
Lowest
Average
Highest
Debt Paydown Yield
Lowest
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Highest

Ownership

SAVE Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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Profile

Nordnet AB (publ)

Country

Sweden

Industry

Financial Services

Market Cap

58.2B SEK

Dividend Yield

3.11%

Description

Nordnet AB operates as a digital platform for savings, loans, pensions, and investments. The company is headquartered in Stockholm, Stockholm and currently employs 666 full-time employees. The company went IPO on 2020-11-25. Nordnet's core business is savings and investments. Via nordnet's digital platform, savings and investments are offered in a number of financial products at low costs, as well as a number of selected loan products. The platform is aimed at private savers in Sweden, Norway, Denmark and Finland and is available via nordnet's Web services, app and a number of trading applications developed by partners of the Company. Nordnet also runs one of the Nordic region's social investment network, which enables Nordnet's customers to follow other investors and see their investments. The firm has a total of more than half a million members on its various social channels and networks.

Contact

STOCKHOLM
Stockholm
Alstromergatan 39
+46105833000
nordnetab.com

IPO

2020-11-25

Employees

666

Officers

Chief Executive Officer
Mr. Lars-Ake Valdemar Norling
Deputy CEO & Chief Product Officer
Mr. Rasmus Jarborg
Chief Financial Officer
Mr. Lennart Kran B.Sc. (Econ)
Chief Technology Officer
Mr. Elias Lindholm
Head of Investor Relations
Mr. Marcus Lindberg
Chief Communications Officer
Mr. Johan Tidestad LL.M.
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Chief Human Resources Officer
Ms. Carina Tovi B.Sc. (Econ.)
CEO Nordnet Pensionsforsakring
Mr. Per Lindberg
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See Also

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

The intrinsic value of one SAVE stock under the Base Case scenario is 242.64 SEK.

Is SAVE stock undervalued or overvalued?

Compared to the current market price of 231.8 SEK, Nordnet AB (publ) is Undervalued by 4%.

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