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Novem Group S.A.XTRA:NVM Stock Report

Market Cap €113.6m
Share Price
€2.62
€2.9
9.7% undervalued intrinsic discount
1Y-37.6%
7D-0.8%
1D
Portfolio Value
View

Novem Group S.A.

XTRA:NVM Stock Report

Market Cap: €113.6m

Novem Group (NVM) Stock Overview

Develops and supplies trim elements and decorative function elements for car interiors in the automotive industry. More details

NVM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance4/6
Financial Health3/6
Dividends0/6

NVM Community Fair Values

Create Narrative

See what 9 others think this stock is worth. Follow their fair value or set your own to get alerts.

Novem Group S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Novem Group
Historical stock prices
Current Share Price€2.62
52 Week High€4.50
52 Week Low€2.37
Beta1.35
1 Month Change-0.76%
3 Month Change-8.39%
1 Year Change-37.62%
3 Year Change-71.21%
5 Year Changen/a
Change since IPO-84.12%

Recent News & Updates

Narrative Update May 27

NVM: Stable Outlook And Refined Assumptions Will Shape A Balanced Future

Analysts have slightly adjusted their price target on Novem Group, citing refined assumptions for revenue trends, profit margins and future P/E that keep estimated fair value around €2.90 per share. Valuation Changes Fair Value: Estimated fair value remains unchanged at €2.90 per share, indicating no revision to the overall equity valuation.
Narrative Update May 11

NVM: Softer Outlook And Richer Multiple Will Shape A Balanced Future

Analysts have maintained their price target on Novem Group at €2.90, reflecting updated assumptions that now factor in a slightly higher discount rate, softer revenue growth expectations, reduced profit margin forecasts, and a higher future P/E multiple. Valuation Changes Fair Value: €2.90 is unchanged, with the updated assumptions resulting in the same estimated level as before.
Narrative Update Apr 23

NVM: Higher Future P/E Multiple Will Support Prospective Upside Potential

Analysts have trimmed their price target for Novem Group by €0.10 to €10.70, reflecting updated views on revenue growth, profit margins, and the fair value estimate. Valuation Changes Fair Value: updated slightly lower from €10.80 to €10.70 per share.

Recent updates

Narrative Update May 27

NVM: Stable Outlook And Refined Assumptions Will Shape A Balanced Future

Analysts have slightly adjusted their price target on Novem Group, citing refined assumptions for revenue trends, profit margins and future P/E that keep estimated fair value around €2.90 per share. Valuation Changes Fair Value: Estimated fair value remains unchanged at €2.90 per share, indicating no revision to the overall equity valuation.
Narrative Update May 11

NVM: Softer Outlook And Richer Multiple Will Shape A Balanced Future

Analysts have maintained their price target on Novem Group at €2.90, reflecting updated assumptions that now factor in a slightly higher discount rate, softer revenue growth expectations, reduced profit margin forecasts, and a higher future P/E multiple. Valuation Changes Fair Value: €2.90 is unchanged, with the updated assumptions resulting in the same estimated level as before.
Narrative Update Apr 23

NVM: Higher Future P/E Multiple Will Support Prospective Upside Potential

Analysts have trimmed their price target for Novem Group by €0.10 to €10.70, reflecting updated views on revenue growth, profit margins, and the fair value estimate. Valuation Changes Fair Value: updated slightly lower from €10.80 to €10.70 per share.
Narrative Update Apr 09

NVM: Leaner Operations And Richer P E Multiple Will Support Future Upside

Analysts have adjusted their price target on Novem Group to €10.80, reflecting updated assumptions for modestly higher revenue, slightly stronger profit margins and a somewhat richer future P/E multiple. Valuation Changes Fair Value: €10.80 is unchanged, indicating the target level itself is stable despite other input adjustments.
Narrative Update Mar 25

NVM: Stable Long Term Assumptions Will Support A Balanced Future Outlook

Analysts have nudged their price target on Novem Group slightly higher to reflect small adjustments in assumed long term revenue growth, profit margin and future P/E. The new target is now set at €2.90 compared with the previous €2.90.
Narrative Update Mar 10

NVM: Stable Assumptions And Revenue Outlook Will Shape A Measured View

Analysts have trimmed their price target on Novem Group to €2.90, supported by updated views on slightly higher long term revenue growth, a marginally stronger profit margin profile, and a modestly lower future P/E assumption. Valuation Changes Fair Value: €2.90 remains unchanged, indicating no adjustment to the overall valuation anchor.
Narrative Update Feb 23

NVM: Bergamo Closure And Stable Assumptions Will Shape A Measured Outlook

Analysts have made a modest adjustment to their price target for Novem Group to €2.90, reflecting slightly updated assumptions around long term revenue growth, profit margins and the future P/E multiple. What's in the News The Management Board, with Supervisory Board approval, has decided to close the Bergamo, Italy site.
Narrative Update Feb 09

NVM: Site Closure And Updated Assumptions Will Shape A Balanced Outlook

Analysts have reduced their fair value estimate for Novem Group from €4.00 to €2.90, citing updated assumptions for a higher discount rate, different revenue growth expectations, slightly lower profit margins and a revised future P/E multiple. What's in the News The Management Board and Supervisory Board have approved the closure of Novem Group's site in Bergamo, Italy, after local production was discontinued at the end of 2023 and shifted to Pilsen, Czech Republic, and Žalec, Slovenia (Key Developments).
Narrative Update Jan 25

NVM: Bergamo Closure Will Support Leaner Operations And Future Upside Potential

Analysts have reduced their price target on Novem Group from €14.45 to €10.80. They now apply a lower future P/E multiple and slightly more conservative assumptions on revenue growth and profit margins.
Narrative Update Jan 10

NVM: Bergamo Closure And Cost Discipline Will Support Future Upside

Analysts have maintained their price target for Novem Group at €14.45, citing unchanged assumptions on fair value, discount rate, revenue growth, profit margin and future P/E. Together, these factors indicate a consistent view on the stock's risk and return profile.
Narrative Update Dec 24

NVM: Cost Optimisation And Site Closure Will Support Future Upside

Analysts have raised their price target for Novem Group by $0.00 to $14.45. This reflects unchanged assumptions on fair value, discount rate, growth, margins, and future valuation multiples, despite minor model refinements.
Narrative Update Dec 10

NVM: Cost Optimisation And Future P E Expansion Will Drive Upside

Analysts have raised their price target on Novem Group by €0.00 to €14.45 per share, citing slightly stronger long term revenue growth expectations that more than offset a modestly higher discount rate and a marginally lower profit margin outlook. This results in a higher assumed future P E multiple.
Narrative Update Nov 26

NVM: Revenue Acceleration And Lower Discount Rate Will Drive Future Upside

Analysts have lowered their fair value estimate for Novem Group from $15.00 to $14.45. This change reflects shifts in revenue growth forecasts and profit margin expectations.
Narrative Update Nov 10

NVM: Upward Momentum Is Expected Amid Improving Market Assumptions

Analysts have raised Novem Group's fair value estimate from $12.60 to $15.00. They cite a revised outlook based on updated assumptions and market factors.
Analysis Article Aug 10

Analyst Estimates: Here's What Brokers Think Of Novem Group S.A. (ETR:NVM) After Its First-Quarter Report

Last week, you might have seen that Novem Group S.A. ( ETR:NVM ) released its quarterly result to the market. The early...
Analysis Article Mar 06

When Should You Buy Novem Group S.A. (ETR:NVM)?

While Novem Group S.A. ( ETR:NVM ) might not have the largest market cap around , it saw significant share price...
User avatar
New Narrative Feb 18

New Jaguar And Audi Contracts And Operational Improvements Will Drive Future Success

Secured EV contracts and strategic cost management are set to drive revenue growth and enhance net margins.
Analysis Article Dec 20

Here's Why Novem Group (ETR:NVM) Has A Meaningful Debt Burden

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Nov 15

Novem Group's (ETR:NVM) Returns On Capital Not Reflecting Well On The Business

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
Analysis Article Oct 07

The Market Lifts Novem Group S.A. (ETR:NVM) Shares 36% But It Can Do More

Novem Group S.A. ( ETR:NVM ) shares have had a really impressive month, gaining 36% after a shaky period beforehand...
Analysis Article Aug 23

Market Cool On Novem Group S.A.'s (ETR:NVM) Earnings Pushing Shares 26% Lower

Unfortunately for some shareholders, the Novem Group S.A. ( ETR:NVM ) share price has dived 26% in the last thirty...
Analysis Article Aug 13

What Does Novem Group S.A.'s (ETR:NVM) Share Price Indicate?

Novem Group S.A. ( ETR:NVM ), might not be a large cap stock, but it received a lot of attention from a substantial...
Analysis Article Jun 08

Novem Group's (ETR:NVM) Soft Earnings Are Actually Better Than They Appear

The market for Novem Group S.A.'s ( ETR:NVM ) shares didn't move much after it posted weak earnings recently. Our...
Analysis Article Mar 19

It's Down 25% But Novem Group S.A. (ETR:NVM) Could Be Riskier Than It Looks

Novem Group S.A. ( ETR:NVM ) shareholders that were waiting for something to happen have been dealt a blow with a 25...
Analysis Article Sep 20

Novem Group's (ETR:NVM) Returns On Capital Not Reflecting Well On The Business

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
Analysis Article Feb 23

Shareholders Can Be Confident That Novem Group's (ETR:NVM) Earnings Are High Quality

Novem Group S.A. ( ETR:NVM ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...
Analysis Article Feb 19

Novem Group S.A. (ETR:NVM) Released Earnings Last Week And Analysts Lifted Their Price Target To €16.17

Last week saw the newest quarterly earnings release from Novem Group S.A. ( ETR:NVM ), an important milestone in the...

Shareholder Returns

NVMDE Auto ComponentsDE Market
7D-0.8%-2.0%-1.5%
1Y-37.6%10.8%0.2%

Return vs Industry: NVM underperformed the German Auto Components industry which returned 10.8% over the past year.

Return vs Market: NVM underperformed the German Market which returned 0.2% over the past year.

Price Volatility

Is NVM's price volatile compared to industry and market?
NVM volatility
NVM Average Weekly Movement4.9%
Auto Components Industry Average Movement5.9%
Market Average Movement6.0%
10% most volatile stocks in DE Market12.8%
10% least volatile stocks in DE Market2.7%

Stable Share Price: NVM has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: NVM's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19474,509Markus Wittmannnovem.com

Novem Group S.A. develops and supplies trim elements and decorative function elements for car interiors in the automotive industry. Its product portfolio includes instrument panels, centre consoles, door trims, and belt lines, and decorative functional elements in car interiors. The company operates in Czechia, Germany, Italy, Slovenia, Honduras, Mexico, the United States, and China.

Novem Group S.A. Fundamentals Summary

How do Novem Group's earnings and revenue compare to its market cap?
NVM fundamental statistics
Market cap€113.60m
Earnings (TTM)€11.30m
Revenue (TTM)€522.60m
10.0x
P/E Ratio
0.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NVM income statement (TTM)
Revenue€522.60m
Cost of Revenue€261.40m
Gross Profit€261.20m
Other Expenses€249.90m
Earnings€11.30m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jun 25, 2026

Earnings per share (EPS)0.26
Gross Margin49.98%
Net Profit Margin2.16%
Debt/Equity Ratio264.8%

How did NVM perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/04 17:51
End of Day Share Price 2026/06/04 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Novem Group S.A. is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Philippe LorrainBerenberg
Martin ComtesseJefferies LLC
Sascha GommelJefferies LLC