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.
Nordnet AB (publ) operates a leading digital platform for savings and investments across the Nordic region, including Sweden, Norway, Denmark, and Finland. Founded in 1996 and headquartered in Stockholm, the company aims to democratize access to financial markets by offering low-cost trading in equities, funds, and various securities from multiple global exchanges. It provides pension savings without fixed fees, margin loans, private loans, and residential mortgages, alongside user-friendly interfaces such as web platforms, mobile apps, and specialized trading applications. Nordnet AB (publ) enhances user experience through digital financial guidance tools for savings inspiration and management. A key feature is Shareville, the region's prominent social investment network, enabling real-time sharing of portfolios among users. Serving private savers, corporations for occupational pensions, and institutional savers, Nordnet AB (publ) plays a pivotal role in the capital markets sector of financial services. With approximately 851 employees, it supports mid-growth dynamics in the competitive Nordic fintech landscape, facilitating broader participation in investment opportunities.
kr 31.82
kr 0.16 (-0.50%)
EOD Jun 25, 2026 · Twelve Data
Revenue grew 3.7%, steady but not accelerating.
Even for strong businesses, today's 3x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
2.6x earnings, 0.6x 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 5.48B
▲ +3.7% YoY
Net Income (TTM)
kr 3.06B
▲ +7.1% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
kr 14.01B
▲ +109.7% YoY
Op. Cash Flow (TTM)
kr 14.05B
▲ +108.6% YoY
Net Debt
-kr 4.49B
Net Cash Position
Cash & Equiv.
kr 4.67B
3Y CAGR: +17.0%
3Y CAGR: +24.7%
Continue Research
At a P/E of 2.6 and a price-to-free-cash-flow of 0.6, Nordnet AB (publ) (SAVE.XSTO) trades below a two-stage DCF intrinsic value of about SEK 994.10 per share, so at SEK 31.82 the stock looks undervalued (3,024.1% 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, Nordnet AB (publ) scores 73/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 25.6%; 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 994.10 per share for SAVE.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 745.58. At today's SEK 31.82, that puts the stock about 3,024.1% 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.
Nordnet AB (publ) scores 73 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a solid business on these measures. 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, Nordnet AB (publ) pays a regular dividend of about SEK 8.14 per share per year (typically in quarterly installments), a yield of roughly 25.6% at the current price. That is a payout ratio of about 66.3% of earnings, so the dividend is covered, with less cushion. Nordnet AB (publ) has grown the dividend at roughly 25.3% 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 SAVE.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. SAVE.XSTO currently trades below its estimated intrinsic value and scores 73/100 on quality (solid). It also yields about 25.6%. 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.