NORDEX SE |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.76 EUR | +3.07% |
|
+4.33% | +22.69% |
| 04-23 | EU target for offshore wind energy still a long way off | DP |
| 04-22 | Deutsche Bank Research raises target for Nordex to EUR 17 - 'Buy' | DP |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,289 | 2,600 | 2,226 | 2,798 | 2,459 | 3,017 | - | - |
| Enterprise Value (EV) 1 | 1,069 | 2,311 | 1,535 | 2,217 | 2,459 | 2,689 | 2,524 | 2,291 |
| P/E ratio | -16.5 x | -18.3 x | -8.28 x | -4.87 x | -7.82 x | 378 x | 17.3 x | 12.4 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.39 x | 0.56 x | 0.41 x | 0.49 x | 0.38 x | 0.42 x | 0.39 x | 0.38 x |
| EV / Revenue | 0.33 x | 0.5 x | 0.28 x | 0.39 x | 0.38 x | 0.37 x | 0.33 x | 0.29 x |
| EV / EBITDA | 8.64 x | 24.6 x | 29.1 x | -10.3 x | 1,214 x | 10.8 x | 5.07 x | 4.02 x |
| EV / FCF | -7.89 x | -4.48 x | -36.5 x | -4.31 x | - | 266 x | 15 x | 9.69 x |
| FCF Yield | -12.7% | -22.3% | -2.74% | -23.2% | - | 0.38% | 6.67% | 10.3% |
| Price to Book | 1.73 x | 3.36 x | 2.1 x | 3.19 x | - | 3.04 x | 2.56 x | 2.13 x |
| Nbr of stocks (in thousands) | 106,681 | 117,349 | 160,021 | 211,946 | 236,450 | 236,450 | - | - |
| Reference price 2 | 12.08 | 22.16 | 13.91 | 13.20 | 10.40 | 12.76 | 12.76 | 12.76 |
| Announcement Date | 20-03-24 | 21-03-23 | 22-03-29 | 23-03-31 | 24-02-29 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,285 | 4,651 | 5,444 | 5,694 | 6,489 | 7,254 | 7,665 | 7,977 |
| EBITDA 1 | 123.8 | 93.95 | 52.67 | -215.1 | 2.025 | 249.9 | 498.1 | 569.9 |
| EBIT 1 | -19.58 | -61.84 | -107.3 | -397.5 | -186.5 | 54.12 | 270.5 | 344.2 |
| Operating Margin | -0.6% | -1.33% | -1.97% | -6.98% | -2.87% | 0.75% | 3.53% | 4.32% |
| Earnings before Tax (EBT) 1 | -79.72 | -150.3 | -223.7 | -522.4 | -310.6 | 28.37 | 213.3 | 312.6 |
| Net income 1 | -72.57 | -129.7 | -230.2 | -497.8 | -302.8 | 7.803 | 183.4 | 249.4 |
| Net margin | -2.21% | -2.79% | -4.23% | -8.74% | -4.67% | 0.11% | 2.39% | 3.13% |
| EPS 2 | -0.7300 | -1.210 | -1.680 | -2.710 | -1.330 | 0.0338 | 0.7386 | 1.029 |
| Free Cash Flow 1 | -135.5 | -516.1 | -42.09 | -513.9 | - | 10.12 | 168.3 | 236.4 |
| FCF margin | -4.13% | -11.1% | -0.77% | -9.03% | - | 0.14% | 2.2% | 2.96% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 4.05% | 33.79% | 41.48% |
| FCF Conversion (Net income) | - | - | - | - | - | 129.77% | 91.77% | 94.76% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 20-03-24 | 21-03-23 | 22-03-29 | 23-03-31 | 24-02-29 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,048 | 1,260 | 1,488 | 933 | 1,193 | 1,747 | 1,820 | 1,217 | 1,536 | 1,724 | 2,012 | 1,397 | 1,686 | 1,893 | 2,210 |
| EBITDA 1 | -70.8 | 32.3 | -48.04 | - | - | -27.35 | -44.07 | - | - | 47.75 | 68.59 | 22 | - | - | - |
| EBIT 1 | -146.4 | -4.117 | -97.69 | -93.65 | -138.2 | -69.66 | -95.99 | - | -41 | 1.909 | 18.51 | -54.44 | -16.94 | 36.8 | 75.25 |
| Operating Margin | -7.15% | -0.33% | -6.57% | -10.04% | -11.58% | -3.99% | -5.27% | - | -2.67% | 0.11% | 0.92% | -3.9% | -1% | 1.94% | 3.41% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | -7.365 | - | - | - | - |
| Net income | -180 | -39.91 | -126.5 | - | - | - | - | - | - | -34.81 | 30.86 | - | - | - | - |
| Net margin | -8.79% | -3.17% | -8.5% | - | - | - | - | - | - | -2.02% | 1.53% | - | - | - | - |
| EPS | - | -0.3000 | -0.8900 | -0.9400 | -0.8300 | -0.3500 | -0.5900 | - | - | -0.1300 | 0.1400 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 20-08-13 | 21-11-15 | 22-03-29 | 22-06-21 | 22-08-14 | 22-11-14 | 23-03-31 | 23-05-12 | 23-07-27 | 23-11-14 | 24-02-29 | - | - | - | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 219 | 290 | 691 | 580 | - | 328 | 494 | 726 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -136 | -516 | -42.1 | -514 | - | 10.1 | 168 | 236 |
| ROE (net income / shareholders' equity) | -10.1% | -17.1% | -25.1% | -51.3% | - | 0.65% | 15.8% | 17.6% |
| ROA (Net income/ Total Assets) | -2.06% | -3.08% | - | - | - | -0.3% | 3.29% | - |
| Assets 1 | 3,531 | 4,206 | - | - | - | -2,562 | 5,572 | - |
| Book Value Per Share 2 | 6.990 | 6.590 | 6.640 | 4.140 | - | 4.200 | 4.990 | 6.000 |
| Cash Flow per Share 2 | 0.3800 | -3.270 | 0.9300 | -1.900 | - | 0.3700 | 1.710 | 1.620 |
| Capex 1 | 174 | 164 | 170 | 205 | - | 175 | 200 | 212 |
| Capex / Sales | 5.28% | 3.52% | 3.12% | 3.6% | - | 2.41% | 2.62% | 2.65% |
| Announcement Date | 20-03-24 | 21-03-23 | 22-03-29 | 23-03-31 | 24-02-29 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
12.76
EUR
Average target price
16.26
EUR
Spread / Average Target
+27.46%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +22.69% | 3.22B | |
| +20.48% | 90.86B | |
| +42.83% | 24.55B | |
| +37.12% | 16.28B | |
| +22.71% | 10.21B | |
| +4.91% | 8.52B | |
| +35.20% | 8.09B | |
| +1.95% | 7.54B | |
| +161.16% | 6.83B | |
| +51.72% | 5.29B |
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