Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Nurminen Logistics Oyj is a Finnish logistics company specializing in rail transport and forwarding services across Northern Europe, Asia, and the Baltic region. Founded in 1886 and headquartered in Helsinki, it operates as one of Europe's few integrated railway operators and forwarders, providing rail transport, heavy goods handling, terminals, customs clearance, multimodal solutions, warehousing, and dangerous goods transportation. The company manages container trains connecting Finland, Sweden, Russia, and Baltic countries to Central Europe, China, Kazakhstan, Japan, and the Trans-Caspian route, with recent expansions including the 2023 acquisition of North Rail, making it Finland's largest private railway operator, and the 2024 purchase of Essinge Rail AB in Sweden. Emphasizing sustainability, Nurminen Logistics offers low-emission rail freight—98% lower than air transport—aligning with green logistics trends and supporting supply chain resilience for industries reliant on efficient cargo flows between continents. Classified in the industrials sector under railroads, it employs around 178 people and maintains 24/7 operations with long-term networks in Eastern Europe and Asia, facilitating international trade and sustainable growth.
€0.68
€0.06 (-8.09%)
EOD Jul 2, 2026
14.93% operating margin is respectable but not wide. ROIC at 19.18%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 4.4%, steady but not accelerating.
Even for strong businesses, today's 15x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
15.4x earnings, 3.5x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€102M
▲ +4.4% YoY
Net Income (TTM)
€5M
▼ -50.1% YoY
Op. Margin
12.34%
▼ -1.5pp YoY
ROIC
19.18%
▲ +0.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€12M
▲ +89.1% YoY
Op. Cash Flow (TTM)
€14M
▲ +13.2% YoY
Net Debt
-€5M
Net Cash Position
Cash & Equiv.
€20M
3Y CAGR: -3.7%
3Y CAGR: +57.2%
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At a P/E of 15.4 and a price-to-free-cash-flow of 3.5, Nurminen Logistics Oyj (NLG1V.XHEL) trades below a two-stage DCF intrinsic value of about €5.52 per share, so at €0.68 the stock looks undervalued (709.0% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Nurminen Logistics Oyj scores 82/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €5.52 per share for NLG1V.XHEL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €4.14. At today's €0.68, that puts the stock about 709.0% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Nurminen Logistics Oyj scores 82 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 12.3% operating margin and a 19.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. NLG1V.XHEL currently trades below its estimated intrinsic value and scores 82/100 on quality (high-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.