Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
NOBA.ST
HoldNOBA Bank Group AB (publ) · Financial Services · Sweden · $4.6B · Avg Vol: $2M/d
COMPANY DESCRIPTION
NOBA Bank Group AB (formerly Nordax Bank) is a leading Nordic niche bank specializing in personal loans, credit cards, and high-yield savings accounts across Sweden, Norway, Finland, and Germany. Operating under the Nordax Bank and Bank Norwegian brands, the company focuses on under-served consumer segments using advanced data analytics for credit underwriting. Its competitive moat lies in its digital-first operating model, strong brand recognition, and robust risk-adjusted margins.
FINANCIAL SUMMARY (SEK)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.0B | 8.5B | 9.9B | 11.3B | 17.5% | 8.3B | 12.4B | 13.9B | 11.1% |
| EPS (SEK) | 1.76 | 2.13 | 4.00 | 6.82 | 57.0% | 7.68 | 7.94 | 9.45 | 17.7% |
| Shares | 500.0M | 500.0M | 500.0M | 500.0M | 0.0% | 500.0M | — | — | — |
| Debt | 19.7B | 18.3B | 20.3B | 25.5B | 9.1% | 31.3B | — | — | — |
| Equity | 19.8B | 20.0B | 22.7B | 26.3B | 9.9% | — | — | — | — |
| Op CF | 2.7B | -2.7B | 6.9B | -6.1B | 59.9% | -2.1B | — | — | — |
| Inv CF | -60.0M | -75.0M | -134.0M | -181.0M | — | — | — | — | — |
| Fin CF | -431.0M | -56.0M | 690.0M | 608.0M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of NOBA.ST are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| NOBA.ST | NOBA Bank Group AB (publ)(you) | $4.6B | 38 | Hold |
| SHB-B.ST | Svenska Handelsbanken AB (publ) | $48.3B | 32 | Sell |
| AZA.ST | Avanza Bank Holding AB (publ) | $6.7B | 48 | Hold |
| SAVE.ST | Nordnet AB (publ) | $9.5B | 33 | Sell |
| ROKO-B.ST | Röko AB (publ) | $2.9B | 54 | Hold |
| INTRUM.ST | Intrum AB (publ) | $1.3B | 39 | Hold |
| KINV-B.ST | Kinnevik AB | $1.9B | 24 | Sell |
| HOFI.ST | Hoist Finance AB (publ) | $2.0B | 58 | Hold |
| SVOL-B.ST | Svolder AB (publ) | $623M | 48 | Hold |
| NORION.ST | Norion Bank AB (publ) | $1.3B | 62 | Hold |
Peer medians: ROE 12.4% · P/E 13.4x · Gross margin 88.3%