Obermatt

NCC

STO:NCC B · SE0000117970
Construction & EngineeringLarge

360

44
EV / EBIT69
Price / Owner Earnings5
Owner Earnings Yield20
Dividend Yield95
Price/Sales80
EV / Gross Profit54
Price/Book43
Return on Capital76
Cash Return on Capital24
Return on Equity8
EBIT Margin27
Gross Profitability55
Cash Conversion100
Accruals71
Owner Earnings Margin20
Sales growth27
Profit Growth45
Long-Term EPS Growth64
Owner Earnings Growth9
Reinvestment22
Price momentum25
Debt load46
Refinancing82
Debt Payback8
Liquidity70
Analyst ratings31
Opinion Changes50
Price Target Upside62
Market mood51
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

NCC clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountrySweden
IndustryConstruction & Engineering
SizeLarge
TypePublic Company
ExchangeOM
Founded1935
Employees5,932
Websitencc.se
ISINSE0000117970
Last UpdateApr 2, 2026
Index & Theme
Environmental EngineeringBankingProject ManagementReal Estate

Description

NCC AB (publ) operates as a construction and property development company, actively engaged in numerous sectors, particularly in building, infrastructure, and industrial operations. Business Segments The company operates through Infrastructure, Bui…

Analysis

Middle-of-the-road

NCC AB (publ) is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is expensive. You pay 91.4× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 27% yearly growth; analysts expect 8%. The market is pricing in far more than analysts expect: heroic expectations.

The trajectory is tepid and the balance sheet is adequate. The company scores 8/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
54
2023202420252026

All-time high

96

Jan 2024

All-time low

45

Jan 2025

Average rank

61

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
80
74
76
67
Price/Earnings
76
57
82
62
Price/Book
43
36
45
16
Dividend Yield
95
80
82
72
Value (overall)
80
68
84
37

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →