(NOD) Nordic Semiconductor ASA - OL
Sector: Technology | Industry: Semiconductors | Exchange: OL (Norway) | Market Cap: 37.656m NOK | Total Return: 38.9% in 12m
Avg Turnover: 114M
Qual. Beats: 2
Rev. Trend: 33.9%
Qual. Beats: 0
Warnings
P/E ratio 158.9
Below Avwap Earnings
Tailwinds
No distinct edge detected
Nordic Semiconductor ASA is a Norway-based fabless semiconductor firm specializing in ultra-low-power wireless communication technologies. The company designs and markets System-on-Chip (SoC) solutions for short-range wireless standards, including Bluetooth Low Energy (BLE), Thread, and Zigbee, as well as long-range cellular IoT protocols such as NB-IoT and LTE-M.
The business follows a fabless model, meaning Nordic focuses entirely on research, development, and design while outsourcing the physical fabrication of silicon wafers to third-party foundries. This approach reduces capital expenditure and allows the company to pivot quickly to new wireless standards like DECT NR+ and Matter.
Nordic’s product portfolio extends into Power Management Integrated Circuits (PMICs) and cloud-based device management services. These components are integrated into diverse end-markets, including consumer electronics, healthcare wearables, industrial automation, and smart home infrastructure.
As a key player in the Internet of Things (IoT) ecosystem, the company’s growth is closely tied to the global proliferation of connected devices. The semiconductor industry is currently characterized by high R&D intensity and cyclical demand driven by consumer upgrade cycles and industrial digitalization trends.
- Bluetooth Low Energy market share retention against intensifying Tier 1 competition
- Inventory destocking cycles across consumer and industrial IoT distribution channels
- Revenue diversification through cellular IoT and Wi-Fi product line scaling
- Gross margin stability amidst fabless manufacturing cost fluctuations and pricing pressure
| Net Income: 25.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -6.93 > 1.0 |
| NWC/Revenue: 61.62% < 20% (prev 76.07%; Δ -14.45% < -1%) |
| CFO/TA 0.26 > 3% & CFO 266.7m > Net Income 25.9m |
| Net Debt (-214.8m) to EBITDA (67.3m): -3.19 < 3 |
| Current Ratio: 3.62 > 1.5 & < 3 |
| Outstanding Shares: last quarter (197.4m) vs 12m ago 3.29% < -2% |
| Gross Margin: 52.41% > 18% (prev 47.81%; Δ 4.59% > 0.5%) |
| Asset Turnover: 77.78% > 50% (prev 73.60%; Δ 4.18% > 0%) |
| Interest Coverage Ratio: 8.48 > 6 (EBIT TTM 27.6m / Interest Expense TTM 3.25m) |
| A: 0.43 (Total Current Assets 600.0m - Total Current Liabilities 165.6m) / Total Assets 1.01b |
| B: 0.29 (Retained Earnings 295.2m / Total Assets 1.01b) |
| C: 0.03 (EBIT TTM 27.6m / Avg Total Assets 906.4m) |
| D: 2.07 (Book Value of Equity 680.2m / Total Liabilities 328.3m) |
| Altman-Z'' = 6.16 = AAA |
| DSRI: 1.24 (Receivables 107.2m/72.8m, Revenue 705.0m/592.0m) |
| GMI: 0.91 (GM 47.81% / 52.41%) |
| AQI: 1.44 (AQ_t 0.32 / AQ_t-1 0.22) |
| SGI: 1.19 (Revenue 705.0m / 592.0m) |
| TATA: -0.24 (NI 25.9m - CFO 266.7m) / TA 1.01b) |
| Beneish M = -2.54 (Cap -4..+1) = A |
As of June 20, 2026, the stock is trading at NOK 188.70 with a total of 440,417 shares traded.
Over the past week, the price has changed by +4.83%,
over one month by -6.21%,
over three months by +17.35% and
over the past year by +38.85%.
Nordic Semiconductor ASA has no consensus analysts rating.
Market Cap USD = 3.96b (37.7b NOK * 0.1052 NOK.USD)
P/E Trailing = 158.9167
P/E Forward = 79.3651
P/S = 53.4129
P/B = 5.8796
P/EG = 1.49
Revenue TTM = 705.0m USD
EBIT TTM = 27.6m USD
EBITDA TTM = 67.3m USD
Long Term Debt = 101.7m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 64.9m USD (Leases only: 64.9m)
Net Debt = -214.8m USD (calculated: Debt 64.9m - CCE 279.7m)
Enterprise Value = 3.75b USD (3.96b + Debt 64.9m - CCE 279.7m)
Interest Coverage Ratio = 8.48 (Ebit TTM 27.6m / Interest Expense TTM 3.25m)
EV/FCF = 63.27x (Enterprise Value 3.75b / FCF TTM 59.2m)
FCF Yield = 1.58% (FCF TTM 59.2m / Enterprise Value 3.75b)
FCF Margin = 8.40% (FCF TTM 59.2m / Revenue TTM 705.0m)
Net Margin = 3.67% (Net Income TTM 25.9m / Revenue TTM 705.0m)
Gross Margin = 52.41% ((Revenue TTM 705.0m - Cost of Revenue TTM 335.5m) / Revenue TTM)
Gross Margin QoQ = 52.11% (prev 54.94%)
Tobins Q-Ratio = 3.71 (Enterprise Value 3.75b / Total Assets 1.01b)
Interest Expense / Debt = 5.01% (Interest Expense 3.25m / Debt 64.9m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 21.8m (EBIT 27.6m * (1 - 21.00%))
Current Ratio = 3.62 (Total Current Assets 600.0m / Total Current Liabilities 165.6m)
Debt / Equity = 0.10 (Debt 64.9m / totalStockholderEquity, last quarter 680.2m)
Debt / EBITDA = -3.19 (Net Debt -214.8m / EBITDA 67.3m)
Debt / FCF = -3.63 (Net Debt -214.8m / FCF TTM 59.2m)
Total Stockholder Equity = 651.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.85% (Net Income 25.9m / Total Assets 1.01b)
RoE = 3.97% (Net Income TTM 25.9m / Total Stockholder Equity 651.9m)
RoCE = 3.66% (EBIT 27.6m / Capital Employed (Equity 651.9m + L.T.Debt 101.7m))
RoIC = 2.70% (NOPAT 21.8m / Invested Capital 807.7m)
WACC = 9.98% (E(3.96b)/V(4.03b) * Re(10.08%) + D(64.9m)/V(4.03b) * Rd(5.01%) * (1-Tc(0.21)))
Discount Rate = 10.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 11.64 | Cagr: 123.3%
[DCF] Terminal Value 67.25% ; FCFF base≈76.7m ; Y1≈67.3m ; Y5≈54.3m
[DCF] Fair Price = 4.57 (EV 688.0m - Net Debt -214.8m = Equity 902.8m / Shares 197.5m; r=9.98% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.85 | # QB: 2
Revenue Correlation: 33.91 | Revenue CAGR: 6.31% | SUE: 0.10 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.71 | Chg30d=+6.19% | Revisions=+0% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.93 | Chg30d=+10.87% | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=2.48 | Chg30d=+1.70% | Revisions=-23% | GrowthEPS=+201.5% | GrowthRev=+20.5%
EPS next Year (2027-12-31): EPS=4.60 | Chg30d=+0.26% | Revisions=-14% | GrowthEPS=+85.0% | GrowthRev=+18.1%
[Analyst] Revisions Ratio: -23%