NORION Stock Analysis: Norion Bank | ST
Banks - Regional | ST, Sweden | Market Cap: 10.790m SEK | 12M Return: 18.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 27.8M
EPS Trend: 85.4%
Qual. Beats: 0
Rev. Trend: 75.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 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.
Norion Bank AB is a Swedish-headquartered financial institution that provides a broad range of banking and payment services to medium-sized corporates, real estate companies, merchants, and private individuals. The bank operates across the Nordics and DACH region, with presence in Sweden, Germany, Norway, Denmark, and Finland, alongside selected international activities. Originally founded in 1999 as Collector Bank, the company rebranded to Norion Bank in September 2023.
Operations are organized across four segments: Corporate, Real Estate, Consumer, and Payments (and others). Its product mix spans corporate and acquisition financing, bridge and revolving credit facilities, and stock financing; factoring services including invoice, loan, purchase order, and export factoring; real estate loans for acquisition, refinancing, and development; and consumer offerings such as unsecured personal loans, credit cards, and savings accounts. Through its Payments business, Norion provides checkout and e-commerce solutions to merchants and invoicing/installment services to consumers, while also offering asset management and pension solutions.
Norion is listed on Nasdaq Stockholm under the ticker NORION and is classified within the regional banking segment of the financial services sector. Unlike Swedens dominant universal banks, Norion pursues a niche-focused strategy, combining specialty lending (notably factoring) with a payments arm, which is a common model among Nordic challenger banks seeking growth outside the saturated retail deposit market.
- Nordic commercial real estate loan losses pressure credit provisions
- Net interest margin expansion lifts corporate lending profitability
- Payments segment scales on e-commerce and checkout growth
| Net Income: 1.33b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -0.79 > 1.0 |
| NWC/Revenue: -1.00k% < 20% (prev -947.8%; Δ -52.36% < -1%) |
| CFO/TA -0.01 > 3% & CFO -798.0m > Net Income 1.33b |
| Net Debt (-1.92b) to EBITDA (1.94b): -0.99 < 3 |
| Current Ratio: 0.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (189.8m) vs 12m ago -7.59% < -2% |
| Gross Margin: 66.32% > 18% (prev 66.20%; Δ 0.12% > 0.5%) |
| Asset Turnover: 7.84% > 50% (prev 8.38%; Δ -0.53% > 0%) |
| Interest Coverage Ratio: 1.17 > 6 (EBIT TTM 1.85b / Interest Expense TTM 1.59b) |
| A: -0.78 (Total Current Assets 313.0m - Total Current Liabilities 53.7b) / Total Assets 68.5b |
| B: 0.14 (Retained Earnings 9.62b / Total Assets 68.5b) |
| C: 0.03 (EBIT TTM 1.85b / Avg Total Assets 68.1b) |
| D: 0.18 (Book Value of Equity 10.3b / Total Liabilities 58.2b) |
| Altman-Z'' = -4.29 = D |
As of July 08, 2026, the stock is trading at SEK 61.90 with a total of 247,437 shares traded. Over the past week, the price has changed by +1.98%, over one month by +4.03%, over three months by +10.34% and over the past year by +18.36%.
Current recommended Stop Loss: 59.70 (which is 3.6% or 1.3 ATR below the current price).
Norion Bank has no consensus analysts rating.
P/E Trailing = 8.9774
P/S = 3.7257
P/B = 1.0683
Revenue TTM = 5.34b SEK
EBIT TTM = 1.85b SEK
EBITDA TTM = 1.94b SEK
Long Term Debt = unknown (none)
Short Term Debt = 1.30b SEK (from shortTermDebt, last fiscal year)
Debt = 2.83b SEK (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.92b SEK (calculated: Debt 2.83b - CCE 4.75b)
Enterprise Value = 8.87b SEK (10.8b + Debt 2.83b - CCE 4.75b)
Interest Coverage Ratio = 1.17 (Ebit TTM 1.85b / Interest Expense TTM 1.59b)
EV/FCF = -10.40x (Enterprise Value 8.87b / FCF TTM -853.0m)
FCF Yield = -9.61% (FCF TTM -853.0m / Enterprise Value 8.87b)
FCF Margin = -15.98% (FCF TTM -853.0m / Revenue TTM 5.34b)
Net Margin = 24.87% (Net Income TTM 1.33b / Revenue TTM 5.34b)
Gross Margin = 66.32% ((Revenue TTM 5.34b - Cost of Revenue TTM 1.80b) / Revenue TTM)
Gross Margin QoQ = 70.39% (prev 70.24%)
Tobins Q-Ratio = 0.13 (Enterprise Value 8.87b / Total Assets 68.5b)
Interest Expense / Debt = 56.11% (Interest Expense 1.59b / Debt 2.83b)
Taxrate = 22.02% (375.0m / 1.70b)
NOPAT = 1.45b (EBIT 1.85b * (1 - 22.02%))
Current Ratio = 0.01 (Total Current Assets 313.0m / Total Current Liabilities 53.7b)
Debt / Equity = 0.28 (Debt 2.83b / totalStockholderEquity, last quarter 10.3b)
Debt / EBITDA = -0.99 (Net Debt -1.92b / EBITDA 1.94b)
Debt / FCF = 2.25 (negative FCF - burning cash) (Net Debt -1.92b / FCF TTM -853.0m)
Total Stockholder Equity = 9.79b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.95% (Net Income 1.33b / Total Assets 68.5b)
RoE = 13.56% (Net Income TTM 1.33b / Total Stockholder Equity 9.79b)
RoCE = 12.57% (EBIT 1.85b / Capital Employed (Total Assets 68.5b - Current Liab 53.7b))
RoIC = 9.16% (NOPAT 1.45b / Invested Capital 15.8b)
WACC = 5.46% (E(10.8b)/V(13.6b) * Re(6.89%) + (debt cost/tax rate unavailable))
Discount Rate = 6.89% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -73.03 | Cagr: -3.45%
[DCF] Fair Price = unknown (Cash Flow -853.0m)
EPS Correlation: 85.38 | EPS CAGR: 6.00% | SUE: -0.26 | # QB: 0
Revenue Correlation: 75.50 | Revenue CAGR: 7.12% | SUE: 0.53 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.24 | Chg30d=N/A | Revisions=+25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.92 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=7.37 | Chg30d=-1.66% | Revisions=-25% | GrowthEPS=+3.5% | GrowthRev=+3.4%
EPS next Year (2027-12-31): EPS=9.81 | Chg30d=-0.56% | Revisions=-25% | GrowthEPS=+33.1% | GrowthRev=+10.4%
[Analyst] Revisions Ratio: -17% (up=1, down=2)