Nordnet (SAVE) Stock Overview
Operates a digital platform for savings and investments in Sweden, Norway, Denmark, and Finland. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 4/6 |
| Past Performance | 3/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
SAVE Community Fair Values
Create NarrativeSee what 16 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Nordnet AB (publ) Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | SEK 325.20 |
| 52 Week High | SEK 384.00 |
| 52 Week Low | SEK 257.60 |
| Beta | 0.52 |
| 1 Month Change | -11.87% |
| 3 Month Change | -8.55% |
| 1 Year Change | 18.95% |
| 3 Year Change | 114.80% |
| 5 Year Change | 100.00% |
| Change since IPO | 209.71% |
Recent News & Updates
Narrative Update • Sep 04
SAVE: Higher Future P/E Assumptions Will Worsen Overvaluation Risk
Analysts have raised their fair value estimate for Nordnet from SEK 274.68 to SEK 300.00, reflecting updated assumptions on revenue growth, profit margin and future P/E levels. What's in the News for Nordnet Nordnet reported monthly statistics for July 2026, with customers making 5,304,900 trades in listed financial instruments, equal to 230,600 trades per day.
Narrative Update • Aug 17
SAVE: Future Returns Will Rely On Customer Growth And Steady Savings Inflows
Nordnet's updated analyst price target has shifted slightly higher to around SEK 368 per share, as analysts factor in modest adjustments to key inputs, such as a slightly lower discount rate, a small change in revenue growth assumptions, a marginally higher profit margin and a slightly lower future P/E multiple. What’s in the News for Nordnet Nordnet reported monthly statistics for July 2026, covering trading activity, customer growth, savings flows and lending.Recent updates
Narrative Update • Sep 04
SAVE: Higher Future P/E Assumptions Will Worsen Overvaluation Risk
Analysts have raised their fair value estimate for Nordnet from SEK 274.68 to SEK 300.00, reflecting updated assumptions on revenue growth, profit margin and future P/E levels. What's in the News for Nordnet Nordnet reported monthly statistics for July 2026, with customers making 5,304,900 trades in listed financial instruments, equal to 230,600 trades per day.Narrative Update • Aug 17
SAVE: Future Returns Will Rely On Customer Growth And Steady Savings Inflows
Nordnet's updated analyst price target has shifted slightly higher to around SEK 368 per share, as analysts factor in modest adjustments to key inputs, such as a slightly lower discount rate, a small change in revenue growth assumptions, a marginally higher profit margin and a slightly lower future P/E multiple. What’s in the News for Nordnet Nordnet reported monthly statistics for July 2026, covering trading activity, customer growth, savings flows and lending.Narrative Update • Jul 24
SAVE: Higher Future P/E Assumptions Will Signal Elevated Downside Risk
Analysts have modestly lifted their Nordnet price target from SEK 260 to about SEK 275, reflecting updated assumptions for discount rate, revenue, profit margin and future P/E levels in their valuation models. What’s in the News for Nordnet Nordnet reported monthly statistics for April 2026, with 5,635,700 trades in listed financial instruments, corresponding to 295,600 trades per day.
New Narrative • Jul 10
Rapid Customer Growth And Deposits Will Support Long-Term Earnings Power
Catalysts About Nordnet Nordnet operates a digital savings and investments platform focused on retail customers across the Nordic region and Germany. What are the underlying business or industry changes driving this perspective?Narrative Update • Jul 09
SAVE: Future Returns Will Depend On Customer Growth And Capital Allocation
Analysts have raised their price target for Nordnet from SEK 332.75 to SEK 360.43, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for Nordnet Nordnet reported April 2026 operating statistics, including 5,635,700 trades in listed financial instruments, equal to 295,600 trades per day, with total customers reaching 2,446,000 and an annual customer growth rate of 11.8% (company announcement).New Narrative • Jun 26
AI Costs And Passive Investing Shift Will Pressure Margins And Future Returns
Catalysts About Nordnet Nordnet operates a digital savings and investment platform focused on retail investors across the Nordic region and is preparing to enter Germany. What are the underlying business or industry changes driving this perspective?Narrative Update • Jun 25
SAVE: Future Returns Will Rely On Capital Allocation And Shareholder Distributions
The Analyst Price Target for Nordnet has been revised from SEK 321.50 to SEK 332.75 as analysts incorporate updated assumptions for discount rates, revenue growth, profit margins and future P/E into their valuation work. What's in the News Nordnet reported April 2026 monthly statistics, with 5,635,700 trades in listed financial instruments, equal to 295,600 trades per day.Narrative Update • Jun 05
SAVE: Future Returns Will Depend On CEO Transition And Capital Allocation
Analysts have made a small upward adjustment to Nordnet's fair value estimate, moving the price target from SEK 320.46 to SEK 321.50. This reflects updated views on discount rates, revenue growth and profit margins.Narrative Update • May 12
SAVE: Future Returns Will Hinge On CEO Transition And Capital Returns
Analysts have trimmed their Nordnet price target slightly to about SEK320, reflecting updated assumptions for discount rates, revenue growth and profit margins, while keeping future P/E expectations broadly in line with prior views. What's in the News Nordnet reported April 2026 monthly statistics, with 5,635,700 trades in listed instruments, equal to 295,600 trades per day, and 17,400 new customers, bringing the customer base to 2,446,000 and an annual customer growth rate of 11.8% (company announcement).Narrative Update • Apr 20
SAVE: Future Returns Will Hinge On CEO Transition And Dividend Policy
Analysts have adjusted their price target for Nordnet to SEK 320.58 from SEK 299.36. They cite updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as key drivers of the change.Narrative Update • Apr 04
SAVE: Future Returns Will Depend On Dividend Plans And CEO Succession
Analysts have maintained their SEK 299.36 price target for Nordnet, citing only small tweaks to inputs such as a slightly lower discount rate and marginally adjusted future P/E assumptions, rather than any major change in the underlying outlook. What's in the News Lars-Åke Norling plans to resign as CEO of Nordnet, with his tenure set to conclude on March 31, 2026 (Key Developments).Narrative Update • Mar 20
SAVE: Future Returns Will Depend On Dividend Policy And Leadership Transition
Analysts have kept their SEK price target for Nordnet broadly unchanged at SEK 299.36. They highlight only slight tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E that fine tune rather than reset their view on the shares.Narrative Update • Mar 06
SAVE: Future Returns Will Rely On Dividend Policy And Trading Activity
Analysts have increased their fair value estimate for Nordnet slightly, from SEK 298.45 to SEK 299.36, citing small adjustments to the discount rate, revenue growth assumptions and future P/E expectations. What's in the News The Board of Directors intends to propose a dividend of SEK 8.60 per share for 2025, signaling a clear payout plan for shareholders ahead of the next annual meeting (Key Developments).Narrative Update • Feb 20
SAVE: Future Returns Will Rely On Trading Activity And Dividend Payout Framework
Analysts have made a small upward adjustment to their Nordnet fair value estimate, moving it from about SEK 297.27 to around SEK 298.45. This change reflects slightly higher modeled revenue growth, profit margin and a marginally lower future P/E assumption.Narrative Update • Feb 06
SAVE: Future Returns Will Rely On Trading Activity And Cash Distribution Framework
Analysts have raised their fair value estimate for Nordnet to SEK 297.27 from SEK 284.64, citing updated assumptions for revenue growth, discount rate and future P/E that they state better reflect the company’s current risk and earnings profile. What's in the News The Board of Directors intends to propose a dividend of SEK 8.60 per share for 2025, signalling a planned cash return framework for shareholders if approved (Key Developments).Analysis Article • Jan 31
Nordnet (STO:SAVE) Is Increasing Its Dividend To SEK8.60
Nordnet AB (publ)'s ( STO:SAVE ) dividend will be increasing from last year's payment of the same period to SEK8.60 on...Narrative Update • Jan 21
SAVE: Future Returns Will Rely On Sustained Trading And Customer Activity
Analysts have nudged their Nordnet fair value estimate higher to SEK 284.64 from SEK 278.70, citing slightly stronger assumptions on revenue growth, profit margin and future P/E, as well as a marginally lower discount rate. What's in the News November 2025 monthly statistics showed 5,054,900 customer trades in listed instruments, equal to 252,700 trades per day, with net savings of SEK 5.5b and total savings capital of SEK 1,168b at month end (company report).Analysis Article • Jan 07
Here's Why We Think Nordnet (STO:SAVE) Might Deserve Your Attention Today
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Jan 07
SAVE: Future Returns Will Depend On Sustained Trading And Customer Activity
Analysts have kept their fair value estimate for Nordnet steady at €278.70, with only marginal tweaks to the discount rate, long term revenue growth, profit margin assumptions and future P/E. This reflects fine tuning of their models rather than a change in their overall view.Narrative Update • Dec 19
SAVE: Future Returns Will Rely On Stable Trading Activity And Profitability
Analysts have raised their price target on Nordnet slightly to SEK 278.70 from SEK 275.30, reflecting modestly lower perceived risk, marginally improved long term profitability assumptions, and a slightly higher expected valuation multiple. What's in the News November 2025 monthly statistics showed 5,054,900 customer trades, with 252,700 trades per day and net savings of SEK 5.5 billion, bringing 2025 year to date net savings to SEK 73.4 billion (company data).Narrative Update • Dec 05
SAVE: Future Returns Will Depend On Stable Activity And Profitability Dynamics
Analysts have slightly reduced their price target for Nordnet to approximately SEK 275 per share from about SEK 278, citing modestly higher discount rate assumptions. Long term growth and profitability expectations are broadly unchanged.Narrative Update • Nov 21
SAVE: Future Performance Will Depend On Steady Discount Rate And Profit Margins
Analysts have made a minor upward revision to Nordnet's price target, reflecting incremental adjustments in discount rate and future earnings expectations. The fair value estimate remains unchanged at SEK 277.89.Narrative Update • Nov 06
SAVE: Future Performance Will Depend On Discount Rate And Profit Margins Remaining Stable
Analysts have slightly raised their price target for Nordnet, increasing it from SEK 276.78 to SEK 277.89. They cite modest improvements in revenue growth projections and a lower discount rate as key factors supporting this update.Narrative Update • Oct 22
Analysts Lift Nordnet Price Target as Profit Margins and Revenue Growth Accelerate
Analysts have raised their price target for Nordnet from SEK 271.78 to SEK 276.78, citing expectations of higher revenue growth and improving profit margins. What's in the News The Federal Aviation Administration experienced staffing shortages, which led to flight delays for a third consecutive day as the government shutdown continues.Narrative Update • Oct 08
Digital Transformation And German Expansion Will Shape Success
Nordnet Analyst Price Target Raised as Growth Outlook Improves Analysts have increased their price target on Nordnet from SEK 267.22 to SEK 271.78, citing stronger revenue growth projections that compensate for a slight decline in expected profit margins. Valuation Changes Fair Value: Increased modestly from SEK 267.22 to SEK 271.78 Discount Rate: Edged up slightly from 8.58% to 8.67% Revenue Growth: Forecast revised upward, rising from 3.64% to 4.23% Net Profit Margin: Declined from 55.89% to 53.40% Future P/E: Increased from 22.86x to 23.97x
New Narrative • Dec 10
Robust Customer Growth And Danish Pension Launch Drive Revenue And Margin Expansion
Strong customer growth and increased savings highlight revenue potential, with higher-margin branded funds bolstering profitability as customer preferences shift.Shareholder Returns
| SAVE | SE Capital Markets | SE Market | |
|---|---|---|---|
| 7D | -5.3% | -2.3% | -0.3% |
| 1Y | 18.9% | -9.2% | 11.3% |
Return vs Industry: SAVE exceeded the Swedish Capital Markets industry which returned -9.2% over the past year.
Return vs Market: SAVE exceeded the Swedish Market which returned 11.3% over the past year.
Price Volatility
| SAVE volatility | |
|---|---|
| SAVE Average Weekly Movement | 2.9% |
| Capital Markets Industry Average Movement | 4.4% |
| Market Average Movement | 5.2% |
| 10% most volatile stocks in SE Market | 10.4% |
| 10% least volatile stocks in SE Market | 2.9% |
Stable Share Price: SAVE has not had significant price volatility in the past 3 months compared to the Swedish market.
Volatility Over Time: SAVE's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1996 | 876 | Rasmus Jarborg | nordnetab.com |
Nordnet AB (publ), together with its subsidiaries, operates a digital platform for savings and investments in Sweden, Norway, Denmark, and Finland. Its platform allows customers to invest in stocks, mutual funds, and other securities through website, app, or other applications; offers margin lending and residential mortgages; and pension savings and occupational pension solutions; endowment insurance, and accounts for private pension savings, as well as digital pension management service. The company also offers Shareville, a social investment network that allows customers share their investments in real time.
Nordnet AB (publ) Fundamentals Summary
| SAVE fundamental statistics | |
|---|---|
| Market cap | SEK 80.82b |
| Earnings (TTM) | SEK 3.35b |
| Revenue (TTM) | SEK 6.60b |
24.1x
P/E Ratio12.2x
P/S RatioIs SAVE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SAVE income statement (TTM) | |
|---|---|
| Revenue | SEK 6.60b |
| Cost of Revenue | SEK 774.00m |
| Gross Profit | SEK 5.83b |
| Other Expenses | SEK 2.47b |
| Earnings | SEK 3.35b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Oct 22, 2026
| Earnings per share (EPS) | 13.49 |
| Gross Margin | 88.27% |
| Net Profit Margin | 50.80% |
| Debt/Equity Ratio | 1,029.2% |
How did SAVE perform over the long term?
See historical performance and comparisonDividends
2.6%
Current Dividend Yield64%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/20 01:19 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nordnet AB (publ) is covered by 22 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Grace Dargan | Barclays |
| Michael Sanderson | Barclays |