Why NCAB Group stock moves
NCAB Group fell, moving more than the market, which also fell clearly.
Written after the close on ·
Why today
16,292 news analyzed todayNCAB Group fell, moving more than the market, which also fell clearly.
No company news explains the drop.
Over the last five trading days the stock fell very sharply while the market was roughly flat.
The move was very big for NCAB Group, rare in the past year.
Likely drivers were the broader selloff in Technology stocks and a rise in reported short positions.
Today's move of −3.36% was 1.5 times a normal day's 2.3%. OMX Stockholm 30 moved −1.01% on the same day.
NCAB Group −3.36%OMX Stockholm 30 −1.01%Much weaker than the market
What analysts expect, and how often they have been right
Analysts’ estimates for NCAB Group.
NCAB Group earned more than expected in 4 out of 8 reports.
For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 7 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.
Ratings
Price targets
Latest price 72.00 SEK
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedSEK
Next reported quarter: expected earnings per share of 0.67 SEK (February 12). For the current fiscal year, expected earnings per share changed from 2.10 SEK three months ago to 2.36 SEK now. 2026 estimate: 2.36 SEK. 2027 estimate: 3.84 SEK. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. October 29: Sell about 36 m SEK. October 27: Buy about 215 thousand SEK. October 26: Buy about 203 thousand SEK. August 6: Buy about 142 thousand SEK. August 3: Buy about 328 thousand SEK.
Has the share price followed the business?
Price and earnings moved in the same direction: 2 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed −26% and earnings per share −19%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK
Assets, liabilities and market cap
AssetsLiabilitiesMarket capbn SEK
Price and earnings moved in the same direction: 2 out of 3 years.Market cap (Now): 13.5 bn SEKRevenue 2025: 3.7 bn SEK
What the key figures say about NCAB Group
The figures connect what NCAB Group earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: 1.10 SEK–2.23 SEK. Peers: Raspberry Pi Holdings 0.13 GBp, Kitron 3.94 NOK, NOTE 8.81 SEK. 2026 estimate: 2.36 SEK (2.20 SEK–2.75 SEK). 2027 estimate: 3.84 SEK (3.30 SEK–4.57 SEK).
What the company sold during the year.
2022–2025: 3.6 bn SEK–4.5 bn SEK. Peers: Raspberry Pi Holdings $445M, Kitron 1.1 bn EUR, NOTE 4.2 bn SEK. 2026 estimate: 5.2 bn SEK (5.1 bn SEK–5.3 bn SEK). 2027 estimate: 6.9 bn SEK (6.6 bn SEK–7.6 bn SEK).
The percentage of revenue left after the costs of running the business.
2022–2025: 8.9%–14.0%. Peers: Raspberry Pi Holdings 8.6%, Kitron 9.5%, NOTE 9.0%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: 14.3%–34.9%. Peers: Raspberry Pi Holdings 13.5%, Kitron 25.7%, NOTE 14.3%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 29.1–47.4. Peers: Raspberry Pi Holdings 37.9, Kitron 21.8, NOTE 17.3. 2026 estimate: 30.5. 2027 estimate: 18.8.
What investors pay for each unit the company sells.
2022–2025: 2.39–3.35. Peers: NOTE 1.04. 2026 estimate: 2.59. 2027 estimate: 1.94.
Money paid to shareholders per share, summed by calendar year.
2019–2025: 0.00 SEK–1.50 SEK.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 0.0%–1.7%. Peers: Raspberry Pi Holdings 0.0%, Kitron 0.8%, NOTE 0.0%.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: 0.85–1.87. Peers: Raspberry Pi Holdings -0.41, Kitron 0.32, NOTE 3.13.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 6.21–10.26. Peers: NOTE 2.24.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 22.1–31.8.
Cash left after investments, divided by the number of shares.
2022–2025: 1.50 SEK–3.46 SEK. Peers: Raspberry Pi Holdings -$0.06, Kitron 0.33 EUR, NOTE 5.29 SEK.
The percentage of assets financed by shareholders’ equity.
2022–2025: 39.3%–42.7%.
The dividend explained
A dividend is money paid to shareholders. NCAB Group paid 1.10 SEK per share in the twelve months through November 6, 2026.
On the ex-dividend day, May 8, 2026, NCAB Group traded without the right to the 1.10 SEK dividend. The price went from 73.00 SEK to 73.30 SEK; including the dividend, the day's change was +1.9%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2019: 0.45 SEK2020: 0.00 SEK2021: 1.50 SEK2022: 0.60 SEK2023: 1.10 SEK2024: 1.10 SEK2025: 0.00 SEK2026 so far: 1.10 SEK
What followed similar falls?
Including reinvested dividends, NCAB Group fell 17.7% over the latest five trading days. Since June 5, 2018, falls at least this large were followed by a higher value 21 trading days later in 5 out of 8 non-overlapping periods. The median was +6.7%, against +2.8% for an ordinary 21-day period, which ended higher 59 times in 100.
Such a fall has not said much about the next month.
+6.7% · 5/8
What to watch next, and why
The earnings report shows how NCAB Group's revenue and profit have changed.
- Earnings report
The earnings report shows how NCAB Group's revenue and profit have changed.
Add to calendar
More about NCAB Group
Insider trades
People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.
- Christian Salamon, chair (closely associated)Sellabout 36 m SEK
- Peter Kruk, CEOBuyabout 215 thousand SEK
- Peter Kruk, CEOBuyabout 203 thousand SEK
- Peter Kruk, CEOBuyabout 142 thousand SEK
- Timothy Boland Benjamin Jr, CFOBuyabout 328 thousand SEK
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days NCAB Group usually moved about 6.2%. On a normal day it moves 2.3%.
+5.45% Why? +3.84% +6.23% +15.29%
10,000 SEK in NCAB Group bought on June 5, 2018 is worth 107,000 SEK today, with dividends reinvested.
The same amount in OMX Stockholm 30 with dividends would have become 25,900 SEK.
What would 10,000 SEK in NCAB Group be worth today? →
What would 10,000 SEK in NCAB Group be worth today?
107,000 SEK
with dividends reinvested, bought on June 5, 2018. The same amount in OMX Stockholm 30 with dividends would have become 25,900 SEK.
The five biggest days of the journey
· +19.9% · the whole market rose 0.6% the same day · report day
· +19.4% · the whole market rose 7.1% the same day
· +19.2% · the whole market fell 0.4% the same day · report day
· −17.2% · the whole market rose 1.2% the same day · report day
· −15.4% · the whole market fell 2.0% the same day
Earlier days
−17.71% market −0.11% NCAB Group fell very sharply over the week, a drop about four times its normal five-day swing and rare in the past year. Read →
NCAB Group fell very sharply over the week, a drop about four times its normal five-day swing and rare in the past year.
Technology peers fell too, which suggests the sector weighed on it as well.
Short positions, bets on a fall, also rose during the week, which likely added pressure.
−6.87% market −0.32% NCAB Group fell, moving well apart from the market. Read →
NCAB Group fell, moving well apart from the market.
No company news from that session explains the move.
The stock fell sharply over the last five trading days while OMX Stockholm 30 rose slightly, and the move was about four times a normal day for NCAB Group.
Trading volume was roughly three times its usual level, so heavy selling likely drove the fall.
Chair Christian Salamon sold about 400 thousand shares for about 36 million SEK on 29 October, a sale that came before this session.
−5.44% market +0.83% NCAB Group fell, moving against a rising market. Read →
NCAB Group fell, moving against a rising market.
No company news from that session explains the move.
Over the last five trading days, the shares fell sharply while OMX Stockholm 30 rose slightly.
Chair Christian Salamon's sale of about 400 thousand shares on 29 October is past background, not a same-day cause.
The share price remains well above its lowest close of the past year, though below its highest.
−3.54% market +0.48% NCAB Group fell clearly. Read →
NCAB Group fell clearly.
In the last session NCAB Group fell clearly while the OMX Stockholm 30 rose slightly, so the stock moved against the market.
Over the last five trading days the stock was roughly unchanged, while the market rose clearly, so it lagged.
Chair Christian Salamon sold a sizeable block of shares through a closely associated company on 29 October.
No company news explains the fall in the last session, so the move looks driven by trading and sentiment.
−2.34% market −0.29% NCAB Group fell clearly without company news. Read →
NCAB Group fell clearly without company news.
The stock is listed on Nasdaq Stockholm and moved more than the market, since OMX Stockholm 30 fell only slightly over the same days.
Over the last five trading days the shares rose clearly, and the market rose clearly too, so the week went the same way as the market.
Insider Christian Salamon, chair, sold about 400 thousand shares for about 36 million SEK on 29 October, a dated event that is background only.
+7.76% market +3.01% NCAB Group rose clearly over the week, moving more than the OMX Stockholm 30 index, which also rose. Read →
NCAB Group rose clearly over the week, moving more than the OMX Stockholm 30 index, which also rose.
The rise was likely helped by the strong third-quarter report on 23 October, with sales up 54% and order intake (new orders) up 166%, and by brokers Danske Bank, DNB Carnegie and Nordea raising their price targets (the share price they see as fair) on 26 October.
Shares then fell clearly in the last session, while the index fell slightly, and the chair sold shares on 29 October, which is background rather than a clear cause.
+4.89% market +0.96% NCAB Group rose sharply after strong results. Read →
NCAB Group rose sharply after strong results.
The share rose sharply in the last session, clearly more than the market, which was roughly flat.
The main driver is the strong third-quarter report, with order intake up 166% and an EBITA margin of 14.4%, which was reported before that session.
Analysts raised their price targets, meaning the share price they see as fair, after the report.
The move came from the company's own results, so this rise was company-specific rather than market-wide.
+3.33% market +1.57% NCAB Group rose on Monday after three analysts raised price targets. Read →
NCAB Group rose on Monday after three analysts raised price targets.
NCAB Group moved more than the market, as OMX Stockholm 30 also rose clearly over the same days.
Danske Bank, DNB Carnegie and Nordea each raised their price target, the share price they see as fair, and kept their ratings, with Danske and DNB at buy and Nordea at hold.
Over the last five trading days, NCAB Group was roughly unchanged while the market fell slightly, so it held up better.
The strong third-quarter report, with order intake up 166% and an operating margin of 14.4%, is the main background to these raised targets.
+5.45% market +0.41% NCAB Group rose sharply on its latest report day, after strong quarterly results beat expectations. Read →
NCAB Group rose sharply on its latest report day, after strong quarterly results beat expectations.
NCAB Group rose sharply in the last session, moving more than the market, which rose slightly.
The Q3 2026 report, published in the last session, showed order intake up 166% and sales up 54%, with trading volume about seven times normal.
Over the last five trading days the stock fell slightly, moving in line with OMX Stockholm 30, which fell sharply.
Its latest close sits well below its high from late September but far above its February low, so it remains in the upper part of its yearly range.
−2.64% market −3.67% NCAB Group fell slightly over the last five trading days, moving in line with the broader Swedish market, which fell more sharply. Read →
NCAB Group fell slightly over the last five trading days, moving in line with the broader Swedish market, which fell more sharply.
The main driver was the Q3 2026 report, published today, which showed strong sales growth and a very large jump in order intake (new customer orders).
Results beat expectations, and the share rose sharply on the report day with heavy trading, likely reflecting relief that supply constraints did not dent the growth.
Investors still face tight supply of printed circuit boards (the boards that hold electronic parts), which likely weighed on the shares earlier in the week.
−6.78% market −2.51% NCAB Group fell sharply, with no company news explaining it. Read →
NCAB Group fell sharply, with no company news explaining it.
Over the same session, OMX Stockholm 30 fell sharply too, so NCAB Group's drop was larger than the market's.
The move was very big for NCAB Group, about four times a normal day, and such moves happened roughly seven times in the past year.
Trading volume was well above usual, about twice a normal session.
Over the last five trading days, NCAB Group fell clearly, moving more than the market, which also fell clearly.
−3.65% market −0.89% NCAB Group fell sharply, moving well more than the market. Read →
NCAB Group fell sharply, moving well more than the market.
Over the same day, OMX Stockholm 30 fell clearly, so the drop was steeper than the broad index.
Trading was heavy, about twice a normal session, which points to strong selling interest.
The company published consensus estimates for its third quarter, which means analysts' average forecasts for orders, sales and operating profit (EBITA).
The full quarterly report is due Friday 23 October, which is likely the next major event to watch.
+1.96% market +1.25% NCAB Group rose clearly, moving well ahead of its usual swings and in line with a strong OMX Stockholm 30. Read →
NCAB Group rose clearly, moving well ahead of its usual swings and in line with a strong OMX Stockholm 30.
The likely reason is that Danske Bank raised its target price for the company to SEK 100 from SEK 95 while keeping its Buy rating, which tends to lift sentiment.
Over the last five trading days the share fell slightly while the market rose slightly, so it lagged the index over the week.
The next earnings report is due on 23 October 2026, which is the thing to watch.
−3.02% market +1.19% NCAB Group fell slightly over the last five trading days, moving against a market that rose slightly. Read →
NCAB Group fell slightly over the last five trading days, moving against a market that rose slightly.
The awards for its radio stations and a raised price target from Danske Bank all came before the window, so they do not explain the weekly dip.
Watch the next earnings report on 23 October 2026, which will show how sales and profit developed and is likely to drive the stock's next major move.
−6.19% market −0.62% NCAB Group fell sharply, moving much more than the market. Read →
NCAB Group fell sharply, moving much more than the market.
Over the last five trading days the stock fell clearly while OMX Stockholm 30 rose clearly, so it moved against the market.
The news supplied is from before the last session: awards for two of its radio stations, and Danske Bank raising its price target (the price it expects the share to reach) to SEK 100 from SEK 95 while keeping its buy rating.
That news was known when the session opened, so it does not explain the drop, and the positive tone of those items did not stop the decline.
The sharp fall in the last session is therefore unexplained by the news, which points to trading-driven moves rather than a company announcement.
Learn more · Why do stocks go up and down?