Nct.Hm
NCT.HM operates in the airport operators and services industry, generating revenue primarily through airport management and related services.
Business. NCT.HM operates in the airport operators and services industry, generating revenue primarily through airport management and related services.
At a glance
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- Company
- EarningsFY 2026 earnings (expected)2026-08-09 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
NCT.HM operates in the airport operators and services industry, generating revenue primarily through airport management and related services.
NCT.HM maintains a strong liquidity position, with a current ratio of 3.07, indicating the company can easily cover its short-term liabilities with its short-term assets. The company has no long-term debt and holds $70 billion in cash and equivalents, further reinforcing its liquidity profile. The absence of long-term debt also means the company has no debt-to-equity ratio, which is a positive signal for financial stability.
In terms of profitability, NCT.HM demonstrates robust performance, with a return on equity (ROE) of 54.52% and a return on assets (ROA) of 39.92%. These figures significantly exceed the typical performance metrics for the airport operators and services industry, suggesting the company is efficiently utilizing its equity and assets to generate returns.
The company's revenue is concentrated in a single business segment, airport operations, and is primarily generated from domestic operations, with no disclosed international revenue streams. This concentration may expose the company to regional economic fluctuations, but it also allows for focused operational management and strategic alignment.
Looking ahead, NCT.HM is projected to maintain a stable growth trajectory, with no significant changes in revenue expected in the next fiscal year. The company's capital expenditure of -$59.65 billion indicates a reduction in investment, which may reflect a shift in strategic priorities or a focus on optimizing existing assets. This trend is consistent with the company's strong cash position and low debt profile.
The risk assessment for NCT.HM indicates low liquidity and dilution risks, with no immediate filing-based flags detected. The company's strong cash reserves and absence of long-term debt reduce the likelihood of liquidity stress, while the low dilution risk suggests the company is not currently issuing new shares at a rate that would significantly dilute existing shareholders.
Recent events, including financial filings and transcripts, have not revealed any material changes in the company's operations or strategic direction. The company continues to operate within its established business model, with no significant new initiatives or challenges reported in the latest disclosures.
- NCT.HM has a strong liquidity position with a current ratio of 3.07 and $70 billion in cash and equivalents.
- The company's return on equity (54.52%) and return on assets (39.92%) are significantly above industry norms.
- NCT.HM's revenue is concentrated in a single business segment and domestic operations.
- The company is projected to maintain stable growth with no significant changes in revenue expected.
- NCT.HM has low liquidity and dilution risks, with no immediate filing-based flags detected.
- Recent events have not revealed any material changes in the company's operations or strategic direction.
Bull / Bear case
analysis pipelineIn focus — financials by report
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Revenue by segment
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Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
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Corporate actions / M&A
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- Market data
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- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- NCT.HM Market data — financials · 2026-05-28
Ownership & reference
Leadership
- Muchun ZhuChairman of the Board, Chief Executive Officer
Insider activity
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -22.9%Derived (calculated)
- Debt-to-equity (FY 2025-12-31): 1.57xDerived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -0.1%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 86.6%Derived (calculated)
- Current ratio (FY 2025-12-31): 0.44xDerived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): -43.3%Derived (calculated)
- Current liabilities (annual): USD 28.82MSEC XBRL filing
- Shareholders' equity (annual): USD 24.59MSEC XBRL filing
- Long-term debt (annual): USD 2.1MSEC XBRL filing
- Total liabilities (annual): USD 38.63MSEC XBRL filing
- Total assets (annual): USD 63.21MSEC XBRL filing
- Current assets (annual): USD 12.65MSEC XBRL filing
- Cost of revenue (YoY) (2025-06-30 vs 2024-06-30): -4.8%Derived (calculated)
- Net margin (FY 2025-06-30): 12.4%Derived (calculated)
- Gross margin (FY 2025-06-30): 31.2%Derived (calculated)
- Capex (YoY) (2025-06-30 vs 2024-06-30): 60.4%Derived (calculated)
- EPS (basic) (YoY) (2025-06-30 vs 2024-06-30): 0.0%Derived (calculated)
- EPS (diluted) (YoY) (2025-06-30 vs 2024-06-30): 0.0%Derived (calculated)
- Gross profit (YoY) (2025-06-30 vs 2024-06-30): 6.6%Derived (calculated)
- Net income (YoY) (2025-06-30 vs 2024-06-30): -1.1%Derived (calculated)
- Operating cash flow (YoY) (2025-06-30 vs 2024-06-30): 14.3%Derived (calculated)
- Operating income (YoY) (2025-06-30 vs 2024-06-30): -3.5%Derived (calculated)
- Revenue (YoY) (2025-06-30 vs 2024-06-30): -1.5%Derived (calculated)
- R&D expense (YoY) (2025-06-30 vs 2024-06-30): 3.3%Derived (calculated)