NKT NKT.CO
NKT A/S is a Danish manufacturer of power cables, including high-voltage cables for power grids and offshore wind farm connections, with a business model based on energy infrastructure projects. NKT shows solid financial health (net cash, ND/EBITDA -0.85) and strong momentum (42.77%), but its valuation (P/E 24.48) and earnings growth (-2.00%) are mediocre. Record order backlog and margin improvement are positive signs, although cash conversion is negative (-2.05).
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
NKT A/S is a Danish manufacturer of power cables, including high-voltage cables for power grids and offshore wind farm connections, with a business model based on energy infrastructure projects. NKT shows solid financial health (net cash, ND/EBITDA -0.85) and strong momentum (42.77%), but its valuation (P/E 24.48) and earnings growth (-2.00%) are mediocre. Record order backlog and margin improvement are positive signs, although cash conversion is negative (-2.05).
Score by category
| Category | Score |
|---|---|
| Financial health | 7.6 |
| Quality / Moat | 4.4 |
| Valuation | 5.3 |
| Growth | 4.4 |
| Dividend | 1.5 |
| Momentum | 7.1 |
| Risk & Context | 8.4 |
OVERALL SCORE: 5.6/10
Context and risks
The sharp rise in crude oil and geopolitical tensions raise material and energy costs, but NKT, as a cable manufacturer for electrical infrastructure, benefits from the capex cycle in grids and renewables, which supports its record order backlog. Maritime route risk is limited as its production is mainly European.
News considered in the analysis
- NKT AS (NRKBY) (Q2 2026) Earnings Call Highlights: Margin Expansion and Raised EBITDA Guidance ... — Mejora de márgenes y guía de EBITDA elevada, señal de fortaleza operativa y demanda sostenida.
- NKT AS (NRKBF) Q1 2026 Earnings Call Highlights: Record Order Backlog and Strategic Expansion ... — Cartera de pedidos récord y expansión estratégica, refuerzan la visibilidad de ingresos futuros.
- Is It Too Late To Consider NKT (CPSE:NKT) After A 71% One Year Surge? — Artículo de opinión sobre la revalorización, sin información nueva.
- NKT AS (NRKBF) Q4 2025 Earnings Call Highlights: Navigating Challenges with Strategic Growth ... — Resultados del cuarto trimestre ya conocidos y descontados por el mercado.
- NKT AS (NRKBF) Q3 2025 Earnings Call Highlights: Record EBITDA and Strategic Growth Plans ... — Resultados del tercer trimestre ya conocidos y descontados por el mercado.
Verdict: Hold; structural electrification demand and record order backlog are positive, but valuation is not attractive and cash generation is a weak point.
Main risk: Negative free cash flow conversion (-2.05) and negative earnings growth (-2.00) indicate the business may be investing heavily without generating returns, a risk if the capex cycle slows.
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