NOBA Stock Analysis: NOBA Bank | ST
Banks - Diversified | ST, Sweden | Market Cap: 42.250m SEK | 12M Return: -5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 25.9M
Rev. Trend: 94.0%
Warnings
Tailwinds
No distinct edge detected
Seasonality 0.7 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.
NOBA Bank Group AB (publ) is a Stockholm-based financial services company that operates across eight European markets-Sweden, Norway, Finland, Denmark, Germany, Spain, Ireland, and the Netherlands-under three distinct brands: Nordax Bank, Bank Norwegian, and Svensk Hypotekspension. Originally founded in 2003 as Nordax Bank AB, the group rebranded in June 2023 to reflect its expanded cross-border identity.
The company focuses on retail banking services, offering private loans, credit cards, specialist mortgages, equity release mortgages, cross-border lending, and deposits. As a specialty consumer lender, NOBA targets segments often underserved by traditional banks, such as customers seeking niche mortgage products like equity release or cross-border financing, while gathering low-cost retail deposits to fund its lending activities.
- Net interest margin compresses as European central banks cut rates
- Consumer credit losses rise amid Nordic and German macro weakness
- Cross-border loan portfolio expands into new European markets
| Net Income: 3.65b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -2.43 > 1.0 |
| NWC/Revenue: -710.4% < 20% (prev -723.3%; Δ 12.87% < -1%) |
| CFO/TA 0.03 > 3% & CFO 5.22b > Net Income 3.65b |
| Net Debt (30.4b) to EBITDA (4.98b): 6.11 < 3 |
| Current Ratio: 0.00 > 1.5 & < 3 |
| Outstanding Shares: last quarter (501.5m) vs 12m ago 0.30% < -2% |
| Gross Margin: 69.54% > 18% (prev 68.51%; Δ 1.04% > 0.5%) |
| Asset Turnover: 9.24% > 50% (prev 9.45%; Δ -0.21% > 0%) |
| Interest Coverage Ratio: 1.31 > 6 (EBIT TTM 4.89b / Interest Expense TTM 3.73b) |
| A: -0.63 (Total Current Assets 368.0m - Total Current Liabilities 109b) / Total Assets 171b |
| B: 0.12 (Retained Earnings 21.2b / Total Assets 171b) |
| C: 0.03 (EBIT TTM 4.89b / Avg Total Assets 165b) |
| D: 0.17 (Book Value of Equity 24.7b / Total Liabilities 146b) |
| Altman-Z'' = -3.36 = D |
As of July 11, 2026, the stock is trading at SEK 86.30 with a total of 173,649 shares traded. Over the past week, the price has changed by +7.61%, over one month by +12.66%, over three months by +3.84% and over the past year by -4.98%.
Current recommended Stop Loss: 79.60 (which is 7.8% or 2.4 ATR below the current price).
NOBA Bank has no consensus analysts rating.
P/E Trailing = 11.7852
P/E Forward = 9.8619
P/S = 5.4083
P/B = 1.5192
Revenue TTM = 15.2b SEK
EBIT TTM = 4.89b SEK
EBITDA TTM = 4.98b SEK
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 30.8b SEK (from shortLongTermDebtTotal, last quarter)
Net Debt = 30.4b SEK (calculated: Debt 30.8b - CCE 368.0m)
Enterprise Value = 72.6b SEK (42.2b + Debt 30.8b - CCE 368.0m)
Interest Coverage Ratio = 1.31 (Ebit TTM 4.89b / Interest Expense TTM 3.73b)
EV/FCF = 14.54x (Enterprise Value 72.6b / FCF TTM 5.00b)
FCF Yield = 6.88% (FCF TTM 5.00b / Enterprise Value 72.6b)
FCF Margin = 32.80% (FCF TTM 5.00b / Revenue TTM 15.2b)
Net Margin = 23.93% (Net Income TTM 3.65b / Revenue TTM 15.2b)
Gross Margin = 69.54% ((Revenue TTM 15.2b - Cost of Revenue TTM 4.64b) / Revenue TTM)
Gross Margin QoQ = 53.68% (prev 76.39%)
Tobins Q-Ratio = 0.42 (Enterprise Value 72.6b / Total Assets 171b)
Interest Expense / Debt = 12.12% (Interest Expense 3.73b / Debt 30.8b)
Taxrate = 22.44% (1.10b / 4.89b)
NOPAT = 3.79b (EBIT 4.89b * (1 - 22.44%))
Current Ratio = 0.00 (Total Current Assets 368.0m / Total Current Liabilities 109b)
Debt / Equity = 1.24 (Debt 30.8b / totalStockholderEquity, last quarter 24.7b)
Debt / EBITDA = 6.11 (Net Debt 30.4b / EBITDA 4.98b)
Debt / FCF = 6.09 (Net Debt 30.4b / FCF TTM 5.00b)
Total Stockholder Equity = 24.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.21% (Net Income 3.65b / Total Assets 171b)
RoE = 15.07% (Net Income TTM 3.65b / Total Stockholder Equity 24.2b)
RoCE = 7.80% (EBIT 4.89b / Capital Employed (Total Assets 171b - Current Liab 109b))
RoIC = 2.22% (NOPAT 3.79b / Invested Capital 171b)
WACC = 9.16% (E(42.2b)/V(73.0b) * Re(8.99%) + D(30.8b)/V(73.0b) * Rd(12.12%) * (1-Tc(0.22)))
Discount Rate = 8.99% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 76.38 | Cagr: 0.15%
[DCF] Terminal Value 70.11% ; FCFF base≈6.39b ; Y1≈5.60b ; Y5≈4.53b
[DCF] Fair Price = 67.31 (EV 64.0b - Net Debt 30.4b = Equity 33.7b / Shares 500.0m; r=9.16% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 94.00 | Revenue CAGR: 14.20% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.16 | Chg30d=-0.87% | Revisions=-57% | Analysts=5
EPS next Quarter (2026-09-30): EPS=2.26 | Chg30d=-0.19% | Revisions=-50% | Analysts=5
EPS current Year (2026-12-31): EPS=8.68 | Chg30d=-0.19% | Revisions=-50% | GrowthEPS=+17.3% | GrowthRev=+11.0%
EPS next Year (2027-12-31): EPS=10.23 | Chg30d=+0.05% | Revisions=-30% | GrowthEPS=+17.8% | GrowthRev=+11.3%
[Analyst] Revisions Ratio: -62% (up=3, down=18)