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Overview: Idun Industrier AB (publ) is an investment holding company involved in the manufacture and sale of glass fiber reinforced fat- and oil separators, with a market capitalization of approximately SEK2.92 billion.

Operations: Idun Industrier generates revenue primarily from its Manufacturing segment, contributing SEK1.34 billion, and Service & Maintenance, adding SEK815.60 million.

Idun Industrier, a Swedish industrial player, showcases a mixed financial picture. Over the past year, earnings surged by 20%, outpacing the industry average of 3%. However, its net debt to equity ratio remains high at 95.6%, and interest payments are not well covered with an EBIT coverage of just 2.5 times. Despite these concerns, Idun is trading at a value considered 30% below fair estimates and maintains positive free cash flow. Recent earnings reports reveal steady growth in net income to SEK 19.2 million for Q2 compared to SEK 18.21 million last year, indicating resilience amidst challenges.

• Delve into the full analysis health report here for a deeper understanding of Idun Industrier.

• Review our historical performance report to gain insights into Idun Industrier's's past performance.

Norion Bank

Simply Wall St Value Rating: ★★★★☆☆

Overview: Norion Bank AB (publ) offers financial solutions for corporate and private individuals, focusing on small and medium-sized companies in Sweden, Finland, Norway, and internationally, with a market cap of SEK8.43 billion.

Operations: Norion Bank's revenue streams are primarily derived from its Real Estate (SEK1.21 billion), Consumer (SEK896 million), and Corporate segments (SEK728 million).

Norion Bank, with total assets of SEK59.3B and equity at SEK8.8B, leans heavily on low-risk customer deposits for funding, making up 91% of liabilities. Despite a high level of bad loans at 21.8%, the bank has a low allowance for these at 46%. Total deposits stand at SEK45.8B against loans of SEK48.5B, indicating solid lending activity relative to its deposit base. The company trades significantly below estimated fair value by 74%, suggesting potential undervaluation in the market context while earnings have grown modestly by 0.2% over the past year and are expected to rise annually by 11%.

• Click to explore a detailed breakdown of our findings in Norion Bank's health report.

• Learn about Norion Bank's historical performance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include OM:HOFI OM:IDUN B and OM:NORION.

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