Nkt A/S (NRKBY) AI Stock Analysis
NRKBY AI stock analysis summary
AI ResearchNkt A/S designs, manufactures, and installs power cable solutions across Europe and internationally. The company achieved an 18.2% 4-year revenue compound annual growth rate through FY2025, reaching $3.56B in annual revenue. Its balance sheet as of June 30, 2026, holds $727.0M in net cash, though free cash flow reached -$244.0M in FY2025 due to $743.0M in capital expenditures.
- Market cap
- $7.27B
- Revenue (TTM)
- $3.59B
- P/E
- 23.7x fwd 29.6x
- 1Y return
- 15.1% S&P 500 16.8%
- Avg. target
- —
Bull case
- Revenue expanded at an 18.2% compound annual growth rate over 4 years, rising from $1.83B in FY2021 to $3.56B in FY2025.
- The company maintains a strong liquidity profile with $727.0M in net cash and a conservative debt-to-equity ratio of 0.05 as of June 30, 2026.
- Analysts project revenue growth to accelerate to 17.4% in the next fiscal year, reaching $4.39B.
Bear case
- Free cash flow fell to -$244.0M in FY2025, impacted by $743.0M in capital expenditures.
- Quarterly revenue growth slowed to 0.2% year-over-year in the latest quarter ended June 30, 2026, while quarterly earnings declined 2.0%.
- The stock trades at a forward price-to-earnings ratio of 29.6x, well above the US-listed Industrials median of 17.2x.
What Nkt A/S does
Nkt A/S designs, manufactures, and installs low, medium, and high voltage power cable solutions. Founded in 1891 and based in Copenhagen, Denmark, the company operates across Solutions, Applications, and Service & Accessories segments. Offerings include high voltage onshore and offshore cables, dynamic cables, building wires, control cables, and medium and high voltage accessories such as joints and terminations. In addition, it provides lifecycle cable services, installation, repair, decommission, and cable monitoring. It also delivers technology consulting and solutions for offshore and onshore wind, solar, and oil and gas across Germany, Sweden, the United States, and other international markets.
Growth and profitability
Revenue grew from $1.83B in FY2021 to $3.56B in FY2025, representing a 4-year compound annual growth rate of 18.2%. Annual net income expanded from $4.1M in FY2021 to a peak of $337.0M in FY2024 before settling at $275.0M in FY2025 with a net margin of 7.7%. Gross margin remained consistent, finishing FY2025 at 33.2% compared to 33.6% in FY2021, while operating margin expanded to 16.2% from 13.1%. Over the trailing twelve months, revenue reached $3.59B with an operating margin of 7.3%. In the latest quarter ended June 30, 2026, quarterly revenue growth slowed to 0.2% year-over-year, while quarterly earnings declined 2.0%.
Balance sheet and cash flow
As of June 30, 2026, Nkt A/S held $850.0M in cash and short-term investments against $123.0M in total debt, resulting in a net cash position of $727.0M. The company maintains a current ratio of 1.23, a debt-to-equity ratio of 0.05, and total shareholders' equity of $2.26B. Operating cash flow stood at $499.0M in FY2025, but free cash flow was -$244.0M following capital expenditures of $743.0M. Cash deployment during FY2025 also included $20.0M in share buybacks.
Valuation and performance
Nkt A/S closed at $27.20 on October 16, 2026, with a market capitalization of $7.27B and an enterprise value of $6.98B. The stock trades at a trailing price-to-earnings multiple of 23.7x and an enterprise value to EBITDA ratio of 12.9x, both below the median of its US-listed Industrials peers at 24.8x and 13.9x, respectively. However, its forward price-to-earnings multiple of 29.6x and price-to-sales ratio of 2.0x sit above the peer medians of 17.2x and 1.5x. Over the past year, the stock returned 15.1%, trailing the S&P 500 return of 16.8%.
What analysts expect
Consensus analyst forecasts project annual revenue of $3.74B for the current fiscal year ending December 31, 2026. For the next fiscal year, analysts estimate revenue will expand to $4.39B, representing an estimated annual revenue growth rate of 17.4%. These forward estimates follow trailing twelve-month revenue of $3.59B and diluted earnings per share of $1.15 reported through the latest quarter ended June 30, 2026.
Key risks and what to watch
- Slowing quarterly revenue growth of 0.2% in the quarter ended June 30, 2026, could signal near-term execution hurdles.
- Substantial capital expenditures of $743.0M in FY2025 may continue to weigh on free cash flow generation if heavy reinvestment persists.
- Trailing twelve-month operating margin of 7.3% sits below the US-listed Industrials peer median of 11.7%.
- The stock's 1-year return of 15.1% underperformed the S&P 500 gain of 16.8%.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this NRKBY AI stock analysis
This page is an AI-written research summary of Nkt A/S (NRKBY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: NRKBY income statement, NRKBY balance sheet, NRKBY key metrics, NRKBY analyst forecast, NRKBY chart. See the NRKBY stock overview for the latest quote and news.
NRKBY AI stock analysis FAQ
What does Nkt A/S do?
Nkt A/S manufactures and installs low, medium, and high voltage power cable solutions and accessories for onshore, offshore, and industrial applications.
Does Nkt A/S pay a dividend?
Nkt A/S does not currently report a dividend payment, though it allocated $20.0M to share buybacks in FY2025.
How strong is Nkt A/S's balance sheet?
As of June 30, 2026, Nkt A/S held $850.0M in cash against $123.0M in total debt, giving it $727.0M in net cash and a debt-to-equity ratio of 0.05.
What are analysts expecting for Nkt A/S's revenue?
Analysts estimate revenue of $3.74B for the fiscal year ending December 31, 2026, and $4.39B for the following fiscal year, representing 17.4% growth.