NCAB Group
Research NCAB Group (NCAB) on Bullrun: valuation model: 31.7% overvalued, market cap SEK 16.62B, P/E 60.9, dividend yield 1.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNCAB
- ExchangeST
- CountrySweden
- SectorTechnology
- IndustryElectronic Components
- CurrencySEK
- Valuation signal31.7% overvalued
- Market capSEK 16.62B
- P/E60.9
- Dividend yield1.3%
- Financial periodQ2 2026
- RevenueSEK 1.17B
- Net incomeSEK 84.30M
- Free cash flowSEK 114.60M
- Gross margin34.9%
Valuation Snapshot
Bullrun's latest valuation model marks NCAB Group as 31.7% overvalued; latest market cap is SEK 16.62B; P/E is 60.9; dividend yield is 1.3%.
Peer valuation comparison
Latest P/E is 60.89x versus a Technology sector median of 28.78x (111.5% above).
Latest dividend yield is 1.26% versus a Technology sector median of 1.8% (30.0% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | SEK 3.75B | SEK 206.00M | n/a | 35.0% | n/a | SEK 333.77M | SEK 1.16B | SEK 1.44B |
| FY2024 | SEK 3.61B | SEK 254.77M | SEK 349.41M | 37.1% | 1.36 | SEK 310.57M | SEK 1.08B | SEK 1.45B |
| FY2023 | SEK 4.09B | SEK 403.86M | SEK 695.59M | 36.6% | 2.15 | SEK 478.63M | n/a | SEK 1.34B |
| FY2022 | SEK 4.46B | SEK 417.14M | SEK 67.41M | 32.2% | 2.23 | SEK 357.84M | n/a | SEK 1.20B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-03 | SEK 16.62B | 60.9 | 1.2% | 1.1 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.1 SEK, yield 1.3%.
| Year | Dividends/share |
|---|---|
| FY2024 | 1.1 SEK |
| FY2023 | 1.1 SEK |
| FY2022 | 0.6 SEK |
About NCAB Group
NCAB Group AB (publ) engages in the manufacture and sale of printed circuit boards (PCBs) in Sweden, Nordic region, rest of Europe, North America, and Asia. The company offers multilayer, high-density interconnect, radio frequency, insulated metal base, flexible, rigid-flex, semi-flex, heavy copper, and double-sided PCBs. It serves aerospace, defense, automotive, datacom, industrial, medical, power/energy, railway, safety-critical, and telecom industries.
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Frequently asked questions
Is NCAB Group overvalued or undervalued?
Bullrun's valuation model currently marks NCAB Group as 31.7% overvalued.
What is NCAB Group's market cap?
NCAB Group's market capitalization is SEK 16.62B.
What is NCAB Group's P/E ratio?
NCAB Group's price-to-earnings (P/E) ratio is 60.9.
Does NCAB Group pay a dividend?
NCAB Group has a dividend yield of 1.3%.
What does NCAB Group do?
NCAB Group AB (publ) engages in the manufacture and sale of printed circuit boards (PCBs) in Sweden, Nordic region, rest of Europe, North America, and Asia. The company offers multilayer, high-density interconnect, radio frequency, insulated metal base, flexible, rigid-flex, semi-flex, heavy copper, and double-sided PCBs. It serves aerospace, defense, automotive, datacom, industrial, medical, power/energy, railway, safety-critical, and telecom industries. NCAB Group AB (publ) was founded in 1993 and is headquartered in Sundbyberg, Sweden.