Risk factor
Very poor trading liquidity
Profitability factor
Greatly overvalued vs peers
About
Norva24 Group AB (Publ) provides underground infrastructure maintenance services in Northern Europe. The company offers emptying services, such as emptying and inspection of fat/oil separators, underground tanks, and sand traps, as well as sludge drainage; pipe services comprising pressure testing of pipes and pipe inspection, pipe relining and point repair, leak detection, and pipe cleaning of clogged water and waste pipes; and pressure washing services. As of September 30, 2021, it operated 66 branches across Norway, Germany, Sweden, and Denmark. The company was founded in 1919 and is headquartered in Stryn, Norway.
Company Valuation
From both historical and forecast perspectives, the stock is considerably overpriced compared to similar stocks. In particular, the stock is overpriced on P/E, 'expensive