Projected Income Statement: Nordnet AB

Forecast Balance Sheet: Nordnet AB

Forecast Balance Sheet - Nordnet AB
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -4,250 -3,727 -4,193 -3,785 -4,675 -4,078 -14,057 -23,764
Change - 12.31% -12.5% 9.73% -23.51% 12.77% -244.7% -69.05%
Announcement Date 2/3/22 1/31/23 1/30/24 1/28/25 1/28/26 - - -
1SEK in Million
Estimates

Cash Flow Forecast: Nordnet AB

Fiscal Period: December 2024 2025 2026 2027 2028
CAPEX 1 243.7 276 282 287 293
Change - 13.25% 2.17% 1.77% 2.09%
Free Cash Flow (FCF) 1 5,852 12,270 662 4,277 4,822
Change - 109.67% -94.6% 546.07% 12.74%
Announcement Date 1/28/25 1/28/26 - - -
1SEK in Million
Estimates

Forecast Financial Ratios: Nordnet AB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 73.04% 66.91% 75.38% 73.57% 73.59% 75.42% 78.74% 80.25%
EBIT Margin (%) 68.56% 61.81% 71.44% 68.05% 69.39% 71.98% 72.98% 73.76%
EBT Margin (%) 67.56% 60.14% 69.45% 67.6% 69.21% 71.68% 72.94% 74.1%
Net margin (%) 54.7% 48.86% 56.67% 54.61% 56% 57.23% 58.23% 59.11%
FCF margin (%) - - - 113.59% 227.9% 10.42% 59.47% 60.69%
FCF / Net Income (%) - - - 207.99% 406.97% 18.21% 102.13% 102.68%

Profitability

        
ROA 0.99% 0.75% 1.2% 1.14% 1.04% 1.09% 1.11% 1.14%
ROE 38.7% 27.45% 37.5% 35.98% 36.96% 42.2% 42.31% 42.71%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) - - - 4.73% 5.13% 4.44% 3.99% 3.69%
CAPEX / EBITDA (%) - - - 6.43% 6.97% 5.89% 5.07% 4.6%
CAPEX / FCF (%) - - - 4.16% 2.25% 42.6% 6.71% 6.08%

Items per share

        
Cash flow per share 1 - - - 24.3 50.18 15.42 18.13 20.35
Change - - - - 106.49% -69.27% 17.57% 12.24%
Dividend per Share 1 5.56 4.6 7.2 8.1 8.6 10.21 11.82 13.27
Change - -17.27% 56.52% 12.5% 6.17% 18.71% 15.8% 12.22%
Book Value Per Share 1 23.96 24.2 30.82 31.54 33.69 36.14 41.18 46.92
Change - 1% 27.37% 2.33% 6.8% 7.26% 13.95% 13.96%
EPS 1 7.75 6.33 9.83 10.85 11.82 14.53 16.78 18.94
Change - -18.32% 55.29% 10.38% 8.94% 22.89% 15.55% 12.82%
Nbr of stocks (in thousands) 250,000 249,625 251,159 251,877 249,287 248,512 248,512 248,512
Announcement Date 2/3/22 1/31/23 1/30/24 1/28/25 1/28/26 - - -
1SEK
Estimates
2026 *2027 *
P/E 23.4x 20.2x
PBR 9.4x 8.25x
EV / Sales 12.6x 9.78x
Yield 3.01% 3.48%

EPS & Dividend

EPS & Dividend - Nordnet AB


Y-o-Y evolution of P/E

Valuation ratios - P/E - Nordnet AB
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Nordnet AB
Trader
Investor
Global
Quality
ESG MSCI
AA
MarketScreener Ratings - Nordnet AB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
339.60SEK
Average target price
377.81SEK
Spread / Average Target
+11.25%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Nordnet AB
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