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← CockpitCompetitor Analysis › NREST.ST Nordrest Holding ABOpen in the cockpit ↗

Nordrest Holding ABNREST.STCompetitor analysis, valuation and peers

Sweden · SEK·Consumer Discretionary›Restaurants
Momentum laggard 18
Mkt cap
$334M
US dollars, full cap
Free float
28%
of shares outstanding
$/day
$243,552
20-day average traded
Fwd P/E
14.2×
forward earnings
ROIC−WACC
+47.7 pp
WACC 5.0%
Hurdle
-36 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · SEKSEK 257.00
1D-0.6%
1W+0.8%
1M-3.0%
3M+1.6%
6M-23.7%
YTD+3.6%
1Y+12.7%
ATR %3.2%
52w lowhigh26.3% off high

What Nordrest does

No business profile yet.

Nordrest at a glance

Size Nordrest (NREST.ST) is a Sweden Consumer Discretionary company (Restaurants) with a market value of $334M, the 212th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 257.00 on 6 Nov 2026.

Performance Over six months the shares fell 23.7%, against +1.5% for the median peer and +8.2% for the Sweden market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue grew 34.3% over the last twelve months (peer median +5.5%); the operating margin is 8.3% (peer median 5.2%).

Valuation It trades at 14.2× forward earnings against a peer median of 14.4× (8th cheapest of 16).

Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is -36 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 47.7 points above its cost of capital (5.0% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 101NREST.ST 79
Six months, rebased to 100: Nordrest against the median of its 20 peers (local-currency closes).

Nordrest financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueSEK 2.82BSEK 2.55BSEK 1.91BSEK 1.77BSEK 1.21B
Revenue growth—+33%+8%+47%—
Gross profitSEK 232MSEK 229MSEK 113MSEK 102MSEK 25.7M
EBITDASEK 316MSEK 296MSEK 150MSEK 121MSEK 39.8M
Net incomeSEK 198MSEK 196MSEK 129MSEK 80.7MSEK 25.4M
Free cash flowSEK 193MSEK 180MSEK 105MSEK 63.1MSEK 72.7M
Capital expenditureSEK 56.4MSEK 33.1MSEK 42.2MSEK 23.0MSEK 25.5M
Total debtSEK 71.0MSEK 63.4MSEK 33.8MSEK 34.5MSEK 20.5M

Quarterly statements and history in the cockpit →

Nordrest competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%+20%KRUS68319828741224081D02753275282000021868160SLIGRLOCODIN0341605108816327057883453340NREST.ST6-month return →1-month return →
Up and to the right = strong over both horizons. Nordrest is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×500×1,000×KRUS6831982824081D0275327528160SLIGRDIN0341NREST.STRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Nordrest is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%0%25%50%6831982824081D0275382000021868160SLIGRLOCO27057883453340NREST.STGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Nordrest is the large dot.

Nordrest competitors and peer comparison

How Nordrest compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Nordrest against its 20 peers (data as of 6 Nov 2026)
MeasureNREST.STPeer medianRank in peer set
1-month return-3.0%-0.9%8th lowest of 21
6-month return-23.7%+1.5%6th lowest of 21
Distance from 52-week high-26.3%-17.3%9th lowest of 21
Revenue growth (TTM)+34.3%+5.5%2nd highest of 21
Operating margin8.3%5.2%8th highest of 21
Forward P/E14.2×14.4×8th cheapest of 16
Growth the price implies (Req g, 7 yrs)-8.2%2.3%4th least demanding of 16
Growth delivered (Del g)+28.2%+11.1%2nd highest of 16
Hurdle (Req g minus delivered)-36.4 pp-11.7 pp3rd least demanding of 16
ROIC minus cost of capital+47.7 pp+2.0 pp2nd highest of 21
EV / EBITDA10.4×10.0×7th most expensive of 15
Net debt / EBITDA-0.3×1.1×4th least indebted of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Nordrest NREST.STSweden$334M-24%+34%8%14.2×-8.2%+28.2%
Kura Sushi USA KRUSUnited States$333M-52%+18%-1%275.2×n/an/a
Green Tea 6831.HKHong Kong$332M-59%+24%13%3.7×-21.0%+24.0%
Genki Global Dining Concepts 9828.TJapan$336M+8%+29%5%13.8×2.3%+14.0%
ATOM 7412.TJapan$353M-56%-10%0%n/an/an/a
Guangzhou Xiao Noodles Catering Management 2408.HKHong Kong$354M-7%+41%10%12.9×-7.3%+53.5%
Kimly 1D0.SISingapore$361M-11%+1%14%10.6×-7.9%+8.9%
Bafang Yunji International 2753.TWTaiwan$371M-1%+7%13%12.6×-7.6%+11.1%
Fujio Food 2752.TJapan$372M+4%+2%2%951.7×n/an/a
Ringer Hut 8200.TJapan$392M+9%+2%4%n/a15.8%+5.8%
China Quanjude (Group) 002186.SZChina$416M-15%-4%0%n/a16.4%+9.9%
Kisoji 8160.TJapan$438M+6%+2%5%32.9×4.4%+11.9%
Sligro Food SLIGR.ASNetherlands$444M-28%-4%1%25.2×3.4%+6.5%
El Pollo Loco LOCOUnited States$453M+6%+4%10%14.4×3.2%+2.8%
Dine Brands Global DINUnited States$454M+26%+8%14%7.9×n/an/a
Cafe de Coral 0341.HKHong Kong$464M+61%-4%4%14.7×-9.1%+4.0%
Tongqinglou Catering 605108.SSChina$473M-24%+4%6%30.7×n/an/a
Srs 8163.TJapan$474M+53%+10%4%43.0×9.6%+11.8%
OOTOYA 2705.TJapan$477M+53%+18%6%n/a10.0%+18.1%
Feastogether 7883.TWOTaiwan$479M-9%+10%9%n/a-0.2%+27.9%
Hyundai Green Food 453340.KSSouth Korea$482M+22%+7%5%6.2×-18.0%+6.6%

Questions

Which companies are Nordrest's closest peers?
The cockpit's peer set: Kura Sushi USA (KRUS), Green Tea (6831.HK), Genki Global Dining Concepts (9828.T), ATOM (7412.T), Guangzhou Xiao Noodles Catering Management (2408.HK), Kimly (1D0.SI), Bafang Yunji International (2753.TW), Fujio Food (2752.T).
Is Nordrest expensive compared with its peers?
On forward p/e it trades at 14.2× against a peer median of 14.4×, 8th cheapest of 16 in its peer set. For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is -36 pp: the price already allows for a slowdown.
How has Nordrest stock performed?
Over six months to 6 Nov 2026 the shares returned -23.7% against +1.5% for the median peer; over one year +12.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.