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 -1,648 -10,203 -17,973
Change - 12.31% -12.5% 9.73% -23.51% 64.75% -519.11% -76.15%
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 -767 4,284 4,797
Change - 109.67% -106.25% 658.54% 11.97%
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% 75.88% 78.73% 79.89%
EBIT Margin (%) 68.56% 61.81% 71.44% 68.05% 69.39% 71.33% 72.54% 73.14%
EBT Margin (%) 67.56% 60.14% 69.45% 67.6% 69.21% 71.15% 72.15% 73.01%
Net margin (%) 54.7% 48.86% 56.67% 54.61% 56% 57.08% 58.08% 58.72%
FCF margin (%) - - - 113.59% 227.9% -12.16% 59.85% 60.84%
FCF / Net Income (%) - - - 207.99% 406.97% -21.31% 103.06% 103.61%

Profitability

        
ROA 0.99% 0.75% 1.2% 1.14% 1.04% 1.07% 1.1% 1.13%
ROE 38.7% 27.45% 37.5% 35.98% 36.96% 42.1% 42.39% 42.48%

Financial Health

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

Capital Intensity

        
CAPEX / Current Assets (%) - - - 4.73% 5.13% 4.47% 4.01% 3.72%
CAPEX / EBITDA (%) - - - 6.43% 6.97% 5.89% 5.09% 4.65%
CAPEX / FCF (%) - - - 4.16% 2.25% -36.77% 6.7% 6.11%

Items per share

        
Cash flow per share 1 - - - 24.3 50.18 15.3 18.31 20.4
Change - - - - 106.49% -69.51% 19.67% 11.41%
Dividend per Share 1 5.56 4.6 7.2 8.1 8.6 10.2 11.77 13.12
Change - -17.27% 56.52% 12.5% 6.17% 18.58% 15.41% 11.51%
Book Value Per Share 1 23.96 24.2 30.82 31.54 33.69 36.71 41.62 47.31
Change - 1% 27.37% 2.33% 6.8% 8.98% 13.37% 13.66%
EPS 1 7.75 6.33 9.83 10.85 11.82 14.39 16.78 18.79
Change - -18.32% 55.29% 10.38% 8.94% 21.76% 16.58% 12%
Nbr of stocks (in thousands) 250,000 249,625 251,159 251,877 249,287 248,398 248,398 248,398
Announcement Date 2/3/22 1/31/23 1/30/24 1/28/25 1/28/26 - - -
1SEK
Estimates
2026 *2027 *
P/E 23.9x 20.5x
PBR 9.36x 8.26x
EV / Sales 13.3x 10.5x
Yield 2.97% 3.42%

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
343.80SEK
Average target price
374.69SEK
Spread / Average Target
+8.98%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Nordnet AB
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