NORMA Group SE

SWX:NOEJ Stock Report

Market Cap: CHF 401.4m

NORMA Group Valuation

Is NOEJ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NOEJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NOEJ (CHF53.1) is trading below our estimate of fair value (CHF94.73)

Significantly Below Fair Value: NOEJ is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NOEJ?

Key metric: As NOEJ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NOEJ. This is calculated by dividing NOEJ's market cap by their current earnings.
What is NOEJ's PE Ratio?
PE Ratio18.3x
Earnings€23.48m
Market Cap€430.78m

Price to Earnings Ratio vs Peers

How does NOEJ's PE Ratio compare to its peers?

The above table shows the PE ratio for NOEJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32x
RIEN Rieter Holding
6.2x8.4%CHF 387.6m
MIKN Mikron Holding
7.9xn/aCHF 231.6m
KOMN Komax Holding
102.4x56.3%CHF 583.4m
STGN StarragTornos Group
11.3x27.2%CHF 205.5m
NOEJ NORMA Group
18.3x35.7%CHF 430.8m

Price-To-Earnings vs Peers: NOEJ is good value based on its Price-To-Earnings Ratio (18.3x) compared to the peer average (32x).

Price to Earnings Ratio vs Industry

How does NOEJ's PE Ratio compare vs other companies in the European Machinery Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NOEJ 18.3xIndustry Avg. 17.4xNo. of Companies30PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NOEJ is expensive based on its Price-To-Earnings Ratio (18.3x) compared to the European Machinery industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is NOEJ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NOEJ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.3x
Fair PE Ratio31.6x

Price-To-Earnings vs Fair Ratio: NOEJ is good value based on its Price-To-Earnings Ratio (18.3x) compared to the estimated Fair Price-To-Earnings Ratio (31.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NOEJ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 53.10
CHF 17.58
-66.9%
26.2%CHF 25.16CHF 12.11n/a7
Nov ’25CHF 53.10
CHF 18.93
-64.4%
30.5%CHF 30.05CHF 13.15n/a7
Oct ’25CHF 53.10
CHF 19.32
-63.6%
28.9%CHF 30.04CHF 13.14n/a7
Sep ’25CHF 53.10
CHF 20.09
-62.2%
25.4%CHF 30.39CHF 14.25n/a7
Aug ’25CHF 53.10
CHF 20.82
-60.8%
24.5%CHF 31.27CHF 15.64n/a7
Jul ’25CHF 53.10
CHF 20.82
-60.8%
24.5%CHF 31.27CHF 15.64n/a7
Jun ’25CHF 53.10
CHF 20.82
-60.8%
24.5%CHF 31.27CHF 15.64n/a7
May ’25CHF 53.10
CHF 20.39
-61.6%
26.0%CHF 31.08CHF 15.54n/a7
Apr ’25CHF 53.10
CHF 19.66
-63.0%
26.1%CHF 31.34CHF 15.67n/a7
Mar ’25CHF 53.10
CHF 16.39
-69.1%
12.5%CHF 20.52CHF 13.99n/a7
Feb ’25CHF 53.10
CHF 16.39
-69.1%
12.5%CHF 20.52CHF 13.99n/a7
Jan ’25CHF 53.10
CHF 18.16
-65.8%
17.6%CHF 24.07CHF 15.41n/a7
Dec ’24CHF 53.10
CHF 18.16
-65.8%
17.6%CHF 24.07CHF 15.41n/a7
Nov ’24CHF 53.10
CHF 19.58
-63.1%
16.0%CHF 23.76CHF 15.20CHF 53.107
Oct ’24CHF 53.10
CHF 19.97
-62.4%
15.0%CHF 23.91CHF 15.30CHF 53.107
Sep ’24CHF 53.10
CHF 19.97
-62.4%
15.0%CHF 23.91CHF 15.30CHF 53.107
Aug ’24CHF 53.10
CHF 19.85
-62.6%
14.5%CHF 24.03CHF 15.38CHF 53.108
Jul ’24CHF 53.10
CHF 21.98
-58.6%
21.4%CHF 32.15CHF 15.59CHF 53.108
Jun ’24CHF 53.10
CHF 23.37
-56.0%
28.3%CHF 35.93CHF 15.54CHF 53.108
May ’24CHF 53.10
CHF 24.90
-53.1%
26.0%CHF 36.86CHF 17.93CHF 53.108
Apr ’24CHF 53.10
CHF 24.90
-53.1%
26.0%CHF 36.86CHF 17.93CHF 53.108
Mar ’24CHF 73.60
CHF 24.79
-66.3%
31.8%CHF 39.46CHF 17.76CHF 53.108
Feb ’24CHF 53.10
CHF 22.49
-57.7%
24.5%CHF 37.07CHF 18.03CHF 53.109
Jan ’24CHF 53.10
CHF 22.60
-57.4%
23.7%CHF 36.52CHF 17.77CHF 53.1010
Dec ’23CHF 53.10
CHF 25.10
-52.7%
27.7%CHF 37.74CHF 17.88CHF 53.1011
Nov ’23CHF 53.10
CHF 25.34
-52.3%
25.8%CHF 37.56CHF 17.79CHF 53.1011

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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