Nordea Bank Abp (NDA-FI.HE) stock analysis

In our weekly check, Nordea Bank Abp is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 1, red flags: 11.

About Nordea Bank Abp

Nordea Bank Abp is a Financial Services company (Banks - Regional) based in Finland, listed on HEL as NDA-FI.HE.

What our checks show for NDA-FI.HE

Red flags

• The net margin fell by 12.1 points over 5 years, to 24.7%: the company keeps less of each sale as profit.
• The gross margin fell by 30.5 points, to 62.2%: costs are rising faster than prices.
• Operating cash flow is negative while the company reports a profit: the profit does not arrive as cash.
• Analysts expect revenue to shrink about 14.5% a year.
• Free cash flow is negative (-17.1% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 73% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 15.7 years.
• Return on capital (ROCE) is only 0.9%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• The dividend takes 95% of profit: little cushion if profit falls.

Strengths

• Analysts expect the net margin to improve by 19 points from today's 24.7%.
• Earnings per share grew 13.4% a year over the last 3 years.
• The company keeps 24.7% of its revenue as net profit.
• The price is 11.1 times earnings (P/E), reasonable for its growth.
• A large company: market value $58.01 billion.
• Beta 0.68: the stock usually moves less than the market.

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Questions

What grade does Nordea Bank Abp (NDA-FI.HE) have?

In our weekly check, Nordea Bank Abp is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 1, red flags: 11. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of NDA-FI.HE stock?

This week's biggest flags for Nordea Bank Abp: Margins falling, Gross margin falling, Profits not backed by cash. In total 12 of 25 checks show a warning or a red flag.

What does Nordea Bank Abp do?

Nordea Bank Abp is a Financial Services company (Banks - Regional) based in Finland, listed on HEL as NDA-FI.HE.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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