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.
NRC Group ASA is a leading Nordic rail infrastructure company operating in Norway, Sweden, and Finland. It provides a comprehensive range of services across the entire value chain, including groundwork such as excavations, transport, mass sorting, ditching, and water drainage systems; signaling, digital telecom, electrical systems, tracks, station buildings, terminals, and catenary systems with wires, masts, switches, and return currents. The company also specializes in concrete work, recycling, demolition, mass transport, steel structures, and specialized trackwork, while constructing, upgrading, and maintaining track systems encompassing stations, tunnels, and bridges. Extending into civil engineering and environmental services, NRC Group ASA supports sustainable transport solutions amid growing infrastructure demands driven by urbanization and political investments. Founded in 1966 as Blom ASA and renamed in 2015, it is headquartered in Lysaker, Norway, employs approximately 1,780 people, and emphasizes operational excellence, safety, and alignment with UN Sustainable Development Goals.
NOK 8.25
NOK 0.08 (-0.96%)
Live · 05:21 PM
Operating margin is thin at 2.15%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 4.9% YoY. The question is whether this is cyclical or a structural shift.
At 46x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of NOK 752M represents 11.1x FCF, leverage limits flexibility.
45.8x earnings, 22.3x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 6.43B
▼ -4.9% YoY
Net Income (TTM)
NOK 32M
▲ +102.5% YoY
Op. Margin
2.15%
▲ +3.5pp YoY
ROIC
2.61%
▲ +5.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
NOK 63M
▲ +477.8% YoY
Op. Cash Flow (TTM)
NOK 117M
▲ +1671.4% YoY
Net Debt
NOK 752M
Cash & Equiv.
NOK 180M
3Y CAGR: -2.3%
3Y CAGR: -28.8%
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At a P/E of 45.8 and a price-to-free-cash-flow of 22.3, NRC Group ASA (NRC.XOSL) trades above a two-stage DCF intrinsic value of about NOK 2.00 per share, so at NOK 8.25 the stock looks overvalued (75.8% above 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, NRC Group ASA scores 31/100 on Intrinsiqq's quality scorecard (a lower-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 NOK 2.00 per share for NRC.XOSL, 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 NOK 1.50. At today's NOK 8.25, that puts the stock about 75.8% above 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.
NRC Group ASA scores 31 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 2.1% operating margin and a 2.6% 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. NRC.XOSL currently trades above its estimated intrinsic value and scores 31/100 on quality (lower-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.