Nordnet AB (publ) (SAVE.ST) stock analysis

In our weekly check, Nordnet AB (publ) is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 18 pass, warnings: 3, red flags: 3.

About Nordnet AB (publ)

Nordnet AB (publ) is a Financial Services company (Financial - Capital Markets) based in Sweden, listed on STO as SAVE.ST.

What our checks show for SAVE.ST

Red flags

• The net margin fell by 7.2 points over 5 years, to 45.8%: the company keeps less of each sale as profit.
• The gross margin fell by 16.7 points, to 77.5%: costs are rising faster than prices.
• Return on capital (ROCE) is only 1.2%.

Warning signs

• Analysts expect only about 2% a year of growth in revenue.
• The stock has fallen as much as 43% from a peak. Would you have held through that?
• Thinly traded (about 303 thousand shares a day): buying and selling can move the price.

Strengths

• Operating cash flow is 3.29x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 15% a year over the next years.
• Analysts expect the net margin to improve by 11.8 points from today's 45.8%.
• Revenue grew 26.3% a year over the last 3 years.
• Earnings per share grew 29.2% a year over the last 3 years.
• Net profit grew 27.9% a year over the last 3 years.

Next earnings report: 2027-01-27

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Questions

What grade does Nordnet AB (publ) (SAVE.ST) have?

In our weekly check, Nordnet AB (publ) is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 18 pass, warnings: 3, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of SAVE.ST stock?

This week's biggest flags for Nordnet AB (publ): Margins falling, Gross margin falling, Low return on capital. In total 6 of 24 checks show a warning or a red flag.

What does Nordnet AB (publ) do?

Nordnet AB (publ) is a Financial Services company (Financial - Capital Markets) based in Sweden, listed on STO as SAVE.ST.

When does Nordnet AB (publ) report earnings next?

The next earnings report is expected on 2027-01-27. We re-run the checks every week, so the grade can change after it.

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 2026-10-31

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