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Nordnet AB (publ) is a digital platform for savings and investments in the Nordics. The company operates in Sweden, Norway, Denmark and Finland. Its purpose is to democratize savings and investments. It provides trading in a large number of equities, funds, and other types of securities from several markets at a low price, as well as pension savings without fixed fees. The firm also offers margin loans, private loans, and mortgages. There are a number of user-interfaces to choose from, such as web, app, or more advanced trading applications. Digital financial guidance tools are offered to customers who want help and inspiration with their savings. It also operates the largest social investment network in the Nordics, Shareville.
1996
797
LTM Revenue $507M
LTM EBITDA n/a
$6.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Nordnet has a last 12-month revenue of $507M and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Nordnet achieved revenue of $513M and an EBITDA of n/a.
Nordnet expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Nordnet valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $451M | $513M | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | n/a | n/a | XXX | XXX | XXX |
| EBITDA Margin | NaN% | NaN% | XXX | XXX | XXX |
| Net Profit | $164M | $256M | XXX | XXX | XXX |
| Net Margin | 36% | 50% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Nordnet's stock price is SEK 248 (or $25).
Nordnet has current market cap of SEK 62.1B (or $6.2B), and EV of SEK 62.3B (or $6.2B).
See Nordnet trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6.2B | $6.2B | XXX | XXX | XXX | XXX | $1.11 |
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Sign UpAs of April 15, 2025, Nordnet has market cap of $6.2B and EV of $6.2B.
Nordnet's trades at 12.2x LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate Nordnet's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Nordnet and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $6.2B | XXX | XXX | XXX |
| EV/Revenue | 12.1x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | 22.1x | XXX | XXX | XXX |
| P/E/Growth | 6.9x | XXX | XXX | XXX |
| EV/FCF | 10.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpNordnet's NTM/LTM revenue growth is 2%
Nordnet's revenue per employee for the last fiscal year averaged $0.6M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Nordnet's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Nordnet's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Nordnet and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.6M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 31% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Bell Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| SelfWealth | XXX | XXX | XXX | XXX | XXX | XXX |
| Choice International | XXX | XXX | XXX | XXX | XXX | XXX |
| Motilal Oswal | XXX | XXX | XXX | XXX | XXX | XXX |
| Share India | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Nordnet acquired XXX companies to date.
Last acquisition by Nordnet was XXXXXXXX, XXXXX XXXXX XXXXXX . Nordnet acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Nordnet founded? | Nordnet was founded in 1996. |
| Where is Nordnet headquartered? | Nordnet is headquartered in Sweden. |
| How many employees does Nordnet have? | As of today, Nordnet has 797 employees. |
| Who is the CEO of Nordnet? | Nordnet's CEO is Mr. Lars-Ake Norling. |
| Is Nordnet publicy listed? | Yes, Nordnet is a public company listed on STO. |
| What is the stock symbol of Nordnet? | Nordnet trades under SAVE ticker. |
| When did Nordnet go public? | Nordnet went public in 2020. |
| Who are competitors of Nordnet? | Similar companies to Nordnet include e.g. Bell Financial Group, SelfWealth, Choice International, Motilal Oswal. |
| What is the current market cap of Nordnet? | Nordnet's current market cap is $6.2B |
| What is the current revenue of Nordnet? | Nordnet's last 12-month revenue is $507M. |
| What is the current EV/Revenue multiple of Nordnet? | Current revenue multiple of Nordnet is 12.2x. |
| What is the current revenue growth of Nordnet? | Nordnet revenue growth between 2023 and 2024 was 14%. |
| Is Nordnet profitable? | Yes, Nordnet is EBITDA-positive (as of the last 12 months). |
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