Nordea Bank Abp (NDA-SE.ST) stock analysis

In our weekly check, Nordea Bank Abp is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 0, red flags: 11.

About Nordea Bank Abp

Nordea Bank Abp is a Financial Services company (Banks - Regional) based in Finland, listed on STO as NDA-SE.ST.

What our checks show for NDA-SE.ST

Red flags

• The net margin fell by 12 points over 5 years, to 24.8%: the company keeps less of each sale as profit.
• The gross margin fell by 30.3 points, to 62.4%: 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 15% a year.
• Free cash flow is negative (-19.9% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 66% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 5 years.
• Return on capital (ROCE) is only 0.9%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Strengths

• Analysts expect the net margin to improve by 18.9 points from today's 24.8%.
• Earnings per share grew 13.3% a year over the last 3 years.
• The company keeps 24.8% of its revenue as net profit.
• The dividend takes 25% of profit: there is a cushion.
• The price is 11.1 times earnings (P/E), reasonable for its growth.
• A large company: market value $58.01 billion.

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Questions

What grade does Nordea Bank Abp (NDA-SE.ST) have?

In our weekly check, Nordea Bank Abp is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 0, red flags: 11. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of NDA-SE.ST stock?

This week's biggest flags for Nordea Bank Abp: Margins falling, Gross margin falling, Profits not backed by cash. In total 11 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 STO as NDA-SE.ST.

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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