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New Nordic Healthbrands AB (publ) (STO:NNH) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of NNH, it is a company with great financial health as well as a an impressive history of performance. Below, I've touched on some key aspects you should know on a high level. For those interested in digger a bit deeper into my commentary, read the full report on New Nordic Healthbrands here.
Flawless balance sheet with solid track record
NNH has a strong track record of performance. In the previous year, NNH delivered an impressive double-digit return of 31% Unsurprisingly, NNH surpassed the Personal Products industry return of 13%, which gives us more confidence of the company's capacity to drive earnings going forward. NNH is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This suggests prudent control over cash and cost by management, which is a key determinant of the company’s health. NNH seems to have put its debt to good use, generating operating cash levels of 28.71x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows.
For New Nordic Healthbrands, there are three pertinent factors you should further examine:
- Future Outlook: What are well-informed industry analysts predicting for NNH’s future growth? Take a look at our free research report of analyst consensus for NNH’s outlook.
- Valuation: What is NNH worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether NNH is currently mispriced by the market.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of NNH? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.