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.
/
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.
Nederman Holding AB is a Sweden-based environmental technology company and global leader in industrial air filtration and monitoring solutions. Founded in 1944, it pioneered clean air technologies to protect people, planet, and production from harmful dust, fumes, smoke, and gases generated in industrial processes. The company develops and supplies advanced products such as dust and fume extraction systems, high-efficiency filters, industrial vacuum systems, and IoT-enabled monitoring tools that optimize performance, ensure regulatory compliance, and enhance workplace safety. Nederman Holding AB serves diverse sectors including manufacturing, metalworking, automotive, food processing, woodworking, electronics, and energy, contributing to sustainable production and operational efficiency worldwide. Headquartered in Helsingborg with over 2,400 employees, it emphasizes innovation, digitalization, and certifications like ISO 9001 and 14001, reinforcing its role in addressing environmental challenges and driving eco-friendly industrial practices.
kr 11.50
+kr 0.10 (+0.88%)
Live · 11:07 PM · Twelve Data
Operating margin is thin at 8.92%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 2.0% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 53% versus the prior year, cash generation momentum has weakened. Net debt of kr 1.81B represents 11.6x FCF, leverage limits flexibility.
1.5x earnings, 2.7x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 5.63B
▼ -2.0% YoY
Net Income (TTM)
kr 261M
▼ -20.6% YoY
Op. Margin
8.80%
▼ -1.0pp YoY
ROIC
7.21%
▼ -1.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
kr 148M
▼ -53.0% YoY
Op. Cash Flow (TTM)
kr 358M
▼ -36.6% YoY
Net Debt
kr 1.81B
Cash & Equiv.
kr 668M
3Y CAGR: +3.7%
3Y CAGR: -3.8%
Continue Research
At a P/E of 1.5 and a price-to-free-cash-flow of 2.7, Nederman Holding AB (NMAN.XSTO) trades below a two-stage DCF intrinsic value of about SEK 21.56 per share, so at SEK 11.50 the stock looks undervalued (87.5% 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, Nederman Holding AB scores 42/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 34.6%; see dividend safety for coverage and history. 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 SEK 21.56 per share for NMAN.XSTO, 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 SEK 16.17. At today's SEK 11.50, that puts the stock about 87.5% 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.
Nederman Holding AB scores 42 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 8.8% operating margin and a 7.2% 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.
Yes, Nederman Holding AB pays a regular dividend of about SEK 3.98 per share per year (typically in quarterly installments), a yield of roughly 34.6% at the current price. That is a payout ratio of about 53.9% of earnings, so the dividend is well covered. Nederman Holding AB has grown the dividend at roughly 41.4% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For NMAN.XSTO's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. NMAN.XSTO currently trades below its estimated intrinsic value and scores 42/100 on quality (mixed). It also yields about 34.6%. 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.