Declared Dividend • 1h
Dividend of €0.27 announced Dividend of €0.27 is the same as last year. Ex-date: 29th June 2026 Payment date: 1st July 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 42%. Cash payout ratio: 28%. 공시 • May 29
NSE S.A. announces Annual dividend, payable on July 01, 2026 NSE S.A. announced Annual dividend of EUR 0.2700 per share payable on July 01, 2026, ex-date on June 29, 2026 and record date on June 30, 2026. 공시 • May 20
NSE S.A., Annual General Meeting, Jun 25, 2026 NSE S.A., Annual General Meeting, Jun 25, 2026. Location: 2 avenue de la republique, bellerive sur allier France Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €25.20, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 66% over the past three years. Buy Or Sell Opportunity • Jul 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to €21.30. The fair value is estimated to be €27.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.4%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Buy Or Sell Opportunity • Jul 02
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to €18.95. The fair value is estimated to be €26.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.4%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Upcoming Dividend • Jun 24
Upcoming dividend of €0.25 per share Eligible shareholders must have bought the stock before 01 July 2024. Payment date: 03 July 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (1.1%). Buy Or Sell Opportunity • Jun 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to €22.50. The fair value is estimated to be €28.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.4%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. New Risk • Jun 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€80.3m market cap, or US$87.3m). 공시 • May 20
NSE S.A., Annual General Meeting, Jun 26, 2024 NSE S.A., Annual General Meeting, Jun 26, 2024. Location: restaurant du sporting 1930, 2 avenue de la republique, bellerive France Reported Earnings • May 02
Full year 2023 earnings released: EPS: €1.30 (vs €0.96 in FY 2022) Full year 2023 results: EPS: €1.30 (up from €0.96 in FY 2022). Revenue: €77.0m (up 17% from FY 2022). Net income: €4.13m (up 35% from FY 2022). Profit margin: 5.4% (up from 4.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 28
Upcoming dividend of €0.22 per share at 1.1% yield Eligible shareholders must have bought the stock before 05 July 2023. Payment date: 07 July 2023. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €20.60, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 23x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 7.3% over the past year. Buying Opportunity • Mar 04
Now 23% undervalued Over the last 90 days, the stock is up 26%. The fair value is estimated to be €27.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 59% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €23.50, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 34% over the past year. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €20.70, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 14% over the past year. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. No independent directors (4 non-independent directors). Director Pierre Maillard was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 03
First half 2022 earnings released: EPS: €0.46 (vs €0.66 in 1H 2021) First half 2022 results: EPS: €0.46 (down from €0.66 in 1H 2021). Revenue: €32.0m (down 7.8% from 1H 2021). Net income: €1.45m (down 31% from 1H 2021). Profit margin: 4.5% (down from 6.0% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Upcoming Dividend • Jun 24
Upcoming dividend of €0.22 per share Eligible shareholders must have bought the stock before 01 July 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (1.4%). Reported Earnings • May 03
Full year 2021 earnings released Full year 2021 results: Revenue: €66.6m (down 5.4% from FY 2020). Net income: €4.08m (up 3.3% from FY 2020). Profit margin: 6.1% (up from 5.6% in FY 2020). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 6.3%, compared to a 33% growth forecast for the industry in Germany. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. No independent directors (4 non-independent directors). Director Pierre Maillard was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 22% share price gain to €21.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Aerospace & Defense industry in Germany. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improved over the past week After last week's 16% share price gain to €20.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 22x in the Aerospace & Defense industry in Europe.