contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


nyab-valuation-problematic-despite-growth-outlook

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Aapeli Pursimo

NYAB provides services within engineering, construction and maintenance with a focus on sustainable infrastructure and renewable energy. The offering includes roads, railways, bridges, airports, wind and solar power and power grids. NYAB also provides various types of facilities for industrial customers. NYAB operates in Sweden and Finland in both the private and public sectors.

Christoffer has written about NYAB’s new contract.  NYAB announced on Thursday that it had signed an agreement with the Swedish Transport Administration (Trafikverket) for the modernization of railways in Dalarna, Sweden. The contract is valued at approximately SEK 380 million (EUR 35 million) and includes the renewal of tracks on the Tillberga-Kolbäck and Valskog-Frövi sections. The project covers approximately 62 kilometers of railway and includes sleeper cleaning, installation of new level crossings, and improved safety. Completion is scheduled for September 2026.                   Inderes              NYABille 35 MEUR:n rautatieurakka Ruotsin Mälardalenista - Inderes    Mielestämme kauppa vahvistaa NYABin vahvaa kilpailuasemaa Ruotsin infrarakentamisen markkinalla ja laskee myös lähiaikojen ja keskipitkän aikavälin ennusteidemme riskiprofiilia.

NYAB Strengthens Its Position in Swedish Grid Expansion NYAB announced that they have signed a cooperation agreement with Svenska kraftnät for the construction of a new 400 kV power line of approximately 100 kilometers between Letsi and Svartbyn in Norrbotten. The project will be carried out in two phases. The now signed agreement covers phase 1, which includes planning and design. Phase 2, the significantly larger construction and commissioning phase, is planned to commence during Q1 2026 and conclude during Q4 2028.                   Inderes              NYAB stärker sin position inom svensk nätutbyggnad - Inderes    NYAB meddelade att de har tecknat ett samarbetsavtal med Svenska kraftnät för byggnationen av en ny 400 kV kraftledning

Hello everyone! We have recorded an analyst interview about NYAB, however, in Swedish. But for everyone who wants to, you can watch it here: Analytikerintervju: Spotify & NYAB - Inderes

Here is a new company report on NYAB from Jenneli.  NYAB’s Q3 revenue was in line with our forecast, but operating profit fell short of expectations due to a greater impact from increasing capacity in H1’25. Market conditions in Sweden remained favorable, while demand in Finland remained subdued during the current quarter, but the outlook is improving. Q3 order intake was soft, which, together with the slowdown in order book growth, suggests a moderation in growth in the coming quarters according to our assessment. As our revenue forecasts already reflect this, we largely keep them unchanged. However, we have cut our near-term profitability assumptions, as we now expect the utilization rate of the expanded workforce to normalize slower than we previously assumed. Based on our updated forecasts, we see the post-earnings share price decline as an attractive buying opportunity, and we believe the stock has attractive risk-adjusted upside potential, supported by projected earnings growth in the coming years and higher justified valuation multiples. We raise our recommendation to Buy (previously Add) and lower our target price to SEK 7.90 (previously SEK 8.25) based on updated forecasts.                   Inderes              NYAB Q3'25: Kasvukipujen kautta voittoon - Inderes    NYABin Q3-liikevaihto oli linjassa ennusteemme kanssa, mutta liikevoitto jäi odotuksista kapasiteettilisäysten suurempien vaikutusten takia H1’25:lla

We have also published a CEO interview we recorded today with NYAB’s CEO Johan Larsson. What do you think about NYAB?                   Inderes              NYAB Q3´25: Sweden’s boom, Finland’s drag - Inderes    Time: 2025-11-05 12:49 NYAB’s Q3 report showed revenues in line with our estimates, but EBIT came in below expectations. We spoke with CEO Johan Larsson about the quarter’s results, the current demand environment, and whether NYAB is on track to...

Here are Christoffer’s comments in Finnish.   (Christoffer’s comments in English below) NYAB’s Q3 revenue met our forecasts, but reported operating profit fell short of expectations. Organic revenue growth was mainly due to busy production in Sweden, while volumes in Finland were lower due to timing-related reasons concerning the project portfolio. The order book remained strong, thus supporting robust growth, but the lower number of new orders during the quarter led to a weakening of the order-to-bill ratio. Dovre’s integration is progressing well, especially regarding margins, and management’s comments do not indicate significant changes in market outlook.                   Inderes              NYAB Q3'25 -pikakommentti: Liikevaihto linjassa ennusteisiin, kannattavuus...    NYABin Q3-liikevaihto ylti ennusteisiimme, mutta raportoitu liikevoitto jäi odotuksista.

Analyst Christoffer’s initial thoughts on NYAB’s Q3 report. “NYAB’s Q3 revenue was in line with our estimate, but reported EBIT was lower. Organic revenue growth was primarily driven by high production activity in Sweden, while volumes in Finland were lower due to timing effects in the project portfolio. The order book remains at a high level, supporting continued strong growth”.                   Inderes              NYAB Q3’25 snabbkommentar: Omsättningen i linje med estimaten, men...    NYAB:s Q3-intäkter var i linje med vårt estimat, men rapporterat EBIT var lägre än förväntat

NYAB

NYAB’s Q2 report was unsurprising in terms of main operational lines and guidance, due to the preliminary information provided in connection with the profit warning. Our estimate changes remained limited in light of the report that was pretty much in line with our expectations. 

<p>NYAB&rsquo;s Q2 report was unsurprising in terms of main operational lines and guidance, due to the preliminary information provided in connection with the profit warning. Our estimate changes remained limited in light of the report that was pretty much in line with our expectations. We expect that NYAB will continue to grow quite rapidly in the next few years and profitability will gradually improve with worst cost pressures easing. However, this has already been priced into the share more than our forecasts, and at the current share price, the risk/return ratio has, in our opinion, turned very weak. Thus, we reiterate our EUR 0.55 target price but lower our recommendation to Sell (was Reduce).</p>

	2022	23e	24e
Revenue	253.3	302.6	348.0
growth-%	92.3 %	19.5 %	15.0 %
EBIT (adj.)	27.2	21.1	25.7
EBIT-% (adj.)	10.7 %	7.0 %	7.4 %
EPS (adj.)	0.40	0.29	0.35
Dividend	0.08	0.09	0.11
Dividend %	8.9 %	17.8 %	22.3 %
P/E (adj.)	2.2	1.8	1.5
EV/EBITDA	2.1	0.7	0.2

NYAB: Valuation problematic despite growth outlook

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Key Estimate Figures27.08.2023

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