NDA-FI Stock Analysis: Nordea Bank Abp | HE
Banks - Regional | HE, Finland | Market Cap: 57.660m EUR | 12M Return: 33.5% | FI4000297767 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 67.9M
EPS Trend: -43.6%
Qual. Beats: 2
Rev. Trend: -46.1%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Nordea Bank Abp is a major Nordic financial institution headquartered in Helsinki, Finland, founded in 1820. The bank serves individuals, families, and businesses primarily across Sweden, Finland, Norway, and Denmark, while also operating internationally. It operates through four core segments: Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management, distributing its services via mobile and online banking, phone, online meetings, and physical branch offices.
The companys product range spans retail and commercial banking services, including deposits, lending, payments, cash management, cards, and working capital solutions. In the wholesale space, it provides financing, capital markets products, investment banking, and securities services, while its wealth and asset management arm offers investment funds, discretionary management, portfolio advice, pension accounts, life insurance, and asset-based financing such as leasing, factoring, and hire purchase. As one of the largest banks in the Nordic region, Nordea benefits from a market known for exceptionally high digital banking penetration and consolidated retail banking, which shapes its omnichannel distribution strategy.
- Net interest margin expands as Nordic policy rates stay elevated
- Asset & Wealth Management fees track Nordic equity market gains
- Share buyback program accelerates amid strong capital generation
| Net Income: 4.72b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -2.85 > 1.0 |
| NWC/Revenue: -1.11k% < 20% (prev -942.0%; Δ -167.2% < -1%) |
| CFO/TA 0.01 > 3% & CFO 7.19b > Net Income 4.72b |
| Net Debt (173b) to EBITDA (6.77b): 25.52 < 3 |
| Current Ratio: 0.16 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.42b) vs 12m ago -1.90% < -2% |
| Gross Margin: 52.84% > 18% (prev 50.25%; Δ 2.59% > 0.5%) |
| Asset Turnover: 3.31% > 50% (prev 3.71%; Δ -0.40% > 0%) |
| Interest Coverage Ratio: 0.65 > 6 (EBIT TTM 6.14b / Interest Expense TTM 9.51b) |
| A: -0.35 (Total Current Assets 48.3b - Total Current Liabilities 296b) / Total Assets 712b |
| B: 0.04 (Retained Earnings 28.4b / Total Assets 712b) |
| C: 0.01 (EBIT TTM 6.14b / Avg Total Assets 675b) |
| D: 0.05 (Book Value of Equity 31.1b / Total Liabilities 681b) |
| Altman-Z'' = -2.04 = D |
As of October 06, 2026, the stock is trading at EUR 17.10 with a total of 4,188,507 shares traded. Over the past week, the price has changed by -4.42%, over one month by -4.36%, over three months by +2.22% and over the past year by +33.48%.
Current recommended Stop Loss: 16.60 (which is 2.9% or 1.6 ATR below the current price).
Nordea Bank Abp has no consensus analysts rating.
P/E Trailing = 12.4015
P/E Forward = 12.5156
P/S = 4.9604
P/B = 1.9364
P/EG = 8.9386
Revenue TTM = 22.3b EUR
EBIT TTM = 6.14b EUR
EBITDA TTM = 6.77b EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 220b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 173b EUR (calculated: Debt 220b - CCE 47.1b)
Enterprise Value = 230b EUR (57.7b + Debt 220b - CCE 47.1b)
Interest Coverage Ratio = 0.65 (Ebit TTM 6.14b / Interest Expense TTM 9.51b)
EV/FCF = 33.45x (Enterprise Value 230b / FCF TTM 6.89b)
FCF Yield = 2.99% (FCF TTM 6.89b / Enterprise Value 230b)
FCF Margin = 30.84% (FCF TTM 6.89b / Revenue TTM 22.3b)
Net Margin = 21.12% (Net Income TTM 4.72b / Revenue TTM 22.3b)
Gross Margin = 52.84% ((Revenue TTM 22.3b - Cost of Revenue TTM 10.5b) / Revenue TTM)
Gross Margin QoQ = 54.81% (prev 55.98%)
Tobins Q-Ratio = 0.32 (Enterprise Value 230b / Total Assets 712b)
Interest Expense / Debt = 4.32% (Interest Expense 9.51b / Debt 220b)
Taxrate = 23.45% (1.45b / 6.16b)
NOPAT = 4.70b (EBIT 6.14b * (1 - 23.45%))
Current Ratio = 0.16 (Total Current Assets 48.3b / Total Current Liabilities 296b)
Debt / Equity = 7.06 (Debt 220b / totalStockholderEquity, last quarter 31.1b)
Debt / EBITDA = 25.52 (Net Debt 173b / EBITDA 6.77b)
Debt / FCF = 25.08 (Net Debt 173b / FCF TTM 6.89b)
Total Stockholder Equity = 31.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.70% (Net Income 4.72b / Total Assets 712b)
RoE = 15.07% (Net Income TTM 4.72b / Total Stockholder Equity 31.3b)
RoCE = 1.48% (EBIT 6.14b / Capital Employed (Total Assets 712b - Current Liab 296b))
RoIC = 1.13% (NOPAT 4.70b / Invested Capital 415b)
WACC = 4.07% (E(57.7b)/V(278b) * Re(6.95%) + D(220b)/V(278b) * Rd(4.32%) * (1-Tc(0.23)))
Discount Rate = 6.95% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -87.94 | Cagr: -1.16%
[DCF] Terminal Value 73.10% ; FCFF base≈13.9b ; Y1≈12.2b ; Y5≈9.82b
[DCF] Fair Price = N/A (negative equity: EV 158b - Net Debt 173b = -15.1b; debt exceeds intrinsic value)
EPS Correlation: -43.56 | EPS CAGR: -0.94% | SUE: 3.72 | # QB: 2
Revenue Correlation: -46.07 | Revenue CAGR: -2.98% | SUE: 0.53 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.34 | Chg30d=+0.75% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=1.46 | Chg30d=+0.94% | Revisions=+25% | GrowthEPS=+4.8% | GrowthRev=+2.9%
EPS next Year (2027-12-31): EPS=1.59 | Chg30d=+1.20% | Revisions=+25% | GrowthEPS=+9.2% | GrowthRev=+5.7%
[Analyst] Revisions Ratio: +50% (up=3, down=0)