NCC AB Series B

NCC AB is a construction and property development company. Co. develops and builds residential and commercial properties, and constructs industrial facilities and public buildings, roads, civil engineering structures and other infrastructure. Co. also provides input materials used in construction and paving and road services. Co. operates three businesses: Industrial, which are based on stone materials and asphalt production, as well as asphalt paving and road services; Construction and Civil Engineering, which consists of NCC Construction Sweden, NCC Construction Denmark, NCC Construction Finland and NCC Construction Norway; and Development, which encompass housing and commercial property.
  • TickerNCC B
  • ISINSE0000117970
  • ExchangeNasdaq Nordic Stockholm
  • SectorConstruction & Materials
  • CountrySweden
Christer Magnergård ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Ragnhild Støer
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Anders Idborg ...
  • Bengt Jonassen
  • Derek Laliberté
  • Erik Moberg
  • Fredrik Ivarsson
  • Jan Erik Gjerland
  • Karl Bokvist
  • Mads Thinggaard
  • Magnus Andersson
  • Martin Melbye
  • Olof Cederholm
  • Oskar Vikström
  • Øystein Elton Lodgaard
  • Peter Kurt Nielsen
  • Rickard Anderkrans
  • Tobias Kaj
  • Victor Forssell

Talking Points - Kesko (Hold): New guidance looking cautious

Autoliv (Buy) Post-result: Trends supportive for Q3 improvement …could be a touch on the cautious side Stock up 10% YTD, fairly valued

Simen Mortensen

Ncc (Buy, TP: SEK170.00) - Q2: underlying better than reported

Q2 EBIT was 19% below our forecast and 16% below consensus, but this was due to a miss in the volatile PD division and NCC having hedged the significant supply chain risk it faced entering the quarter. The order backlog missed our forecast, on lower than expected order bookings and larger FX effects. We have updated our forecasts and raised our 2020–2022e EPS, having recalibrated our tax cost forecasts. We reiterate our BUY and have raised our target price to SEK170 (165).

Staffan Bulow ...
  • Tobias Kaj

NCC - Negative impact of bitumen isolated to Q2

Divestment of Road Service behind revised revenues Small underlying changes to our forecasts We retain our BUY rating and TP of SEK 170

Staffan Bulow ...
  • Tobias Kaj

NCC - Industry and Other behind EBIT short fall

EBIT at SEK 483m vs consensus at SEK 575 Order intake stable at SEK 12.7bn (16.1bn) ’21e P/E ratio of 15x and continued margin potential

NCC AB: 1 director bought

A director at NCC AB bought 7,000 shares at 156.882SEK and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board membe...

Anders Idborg ...
  • Bengt Jonassen
  • Derek Laliberté
  • Erik Moberg
  • Fredrik Ivarsson
  • Jan Erik Gjerland
  • Karl Bokvist
  • Mads Thinggaard
  • Magnus Andersson
  • Martin Melbye
  • Olof Cederholm
  • Oskar Vikström
  • Øystein Elton Lodgaard
  • Peter Kurt Nielsen
  • Rickard Anderkrans
  • Tobias Kaj
  • Victor Forssell

Talking Points - Kesko (Hold): New guidance looking cautious

Autoliv (Buy) Post-result: Trends supportive for Q3 improvement …could be a touch on the cautious side Stock up 10% YTD, fairly valued

Simen Mortensen

Ncc (Buy, TP: SEK170.00) - Q2: underlying better than reported

Q2 EBIT was 19% below our forecast and 16% below consensus, but this was due to a miss in the volatile PD division and NCC having hedged the significant supply chain risk it faced entering the quarter. The order backlog missed our forecast, on lower than expected order bookings and larger FX effects. We have updated our forecasts and raised our 2020–2022e EPS, having recalibrated our tax cost forecasts. We reiterate our BUY and have raised our target price to SEK170 (165).

Staffan Bulow ...
  • Tobias Kaj

NCC - Negative impact of bitumen isolated to Q2

Divestment of Road Service behind revised revenues Small underlying changes to our forecasts We retain our BUY rating and TP of SEK 170

Staffan Bulow ...
  • Tobias Kaj

NCC - Industry and Other behind EBIT short fall

EBIT at SEK 483m vs consensus at SEK 575 Order intake stable at SEK 12.7bn (16.1bn) ’21e P/E ratio of 15x and continued margin potential

Simen Mortensen

Covid-19 fallout only delayed

We expect still-limited direct Covid-19 effects in P&Ls for the Nordic construction names in Q2. However, as a late-cycle sector, we are concerned about a pandemic aftershock, and do not believe public sector spending will offset slower newbuild sales and lower private sector demand beyond 2020. Valuations of some of the names we cover look rich, but we maintain a neutral sector view. NRC and Bonava remain our top sector picks.

Christer Magnergård ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Ragnhild Støer
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Helene Kvilhaug Brøndbo ...
  • Jesper Ingildsen
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Huseby Karlsen
  • Mats Bye
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Paul Harper
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo
  • Viktor Trollsten

Northern Lights

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Jimi Lehtonen
  • Karl-Johan Bonnevier
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Håkon Astrup ...
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

With a more favourable environment, NCC AB improves to Slightly Positive

NCC AB (SE), a company active in the Heavy Construction industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 2 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date June 19, 2020, the closing price was SEK 150.20 and its potential was estimated at SEK 178.51.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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