Novem Group Past Earnings Performance
Past criteria checks 4/6
Novem Group's earnings have been declining at an average annual rate of -14.2%, while the Auto Components industry saw earnings declining at 12.5% annually. Revenues have been declining at an average rate of 5% per year. Novem Group's return on equity is 11.9%, and it has net margins of 2.2%.
Key information
-14.19%
Earnings growth rate
-35.52%
EPS growth rate
| Auto Components Industry Growth | 17.28% |
| Revenue growth rate | -4.98% |
| Return on equity | 11.88% |
| Net Margin | 2.20% |
| Next Earnings Update | 30 Jul 2026 |
Recent past performance updates
Recent updates
Analysis Article • Jun 05
Novem Group's (ETR:NVM) Earnings Seem To Be Promising
Novem Group S.A.'s ( ETR:NVM ) recent earnings report didn't offer any surprises, with the shares unchanged over the...
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...
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...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Novem Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 511 | 11 | 156 | 0 |
| 31 Dec 25 | 510 | 20 | 154 | 0 |
| 30 Sep 25 | 516 | 18 | 152 | 0 |
| 30 Jun 25 | 530 | 25 | 152 | 0 |
| 31 Mar 25 | 541 | 11 | 154 | 0 |
| 31 Dec 24 | 553 | 12 | 158 | 0 |
| 30 Sep 24 | 568 | 28 | 161 | 0 |
| 30 Jun 24 | 600 | 24 | 172 | 0 |
| 31 Mar 24 | 636 | 35 | 176 | 0 |
| 31 Dec 23 | 660 | 46 | 179 | 0 |
| 30 Sep 23 | 688 | 53 | 180 | 0 |
| 30 Jun 23 | 694 | 55 | 174 | 0 |
| 31 Mar 23 | 700 | 50 | 172 | 0 |
| 31 Dec 22 | 686 | 64 | 167 | 0 |
| 30 Sep 22 | 678 | 53 | 165 | 0 |
| 30 Jun 22 | 640 | 44 | 163 | 0 |
| 31 Mar 22 | 615 | 44 | 162 | 0 |
| 31 Dec 21 | 639 | 35 | 163 | 0 |
| 30 Sep 21 | 642 | 28 | 163 | 0 |
| 30 Jun 21 | 673 | 37 | 160 | 0 |
| 31 Mar 21 | 603 | 10 | 149 | 0 |
| 31 Mar 20 | 652 | 4 | 161 | 0 |
| 31 Mar 19 | 711 | 3 | 166 | 0 |
Quality Earnings: NVM has high quality earnings.
Growing Profit Margin: NVM's current net profit margins (2.2%) are higher than last year (2.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NVM's earnings have declined by 14.2% per year over the past 5 years.
Accelerating Growth: NVM's earnings growth over the past year (1.1%) exceeds its 5-year average (-14.2% per year).
Earnings vs Industry: NVM earnings growth over the past year (1.1%) exceeded the Auto Components industry -9%.
Return on Equity
High ROE: NVM's Return on Equity (11.9%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/21 03:54 |
| End of Day Share Price | 2026/07/21 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
| Analyst | Institution |
|---|---|
| Philippe Lorrain | Berenberg |
| Martin Comtesse | Jefferies LLC |
| Sascha Gommel | Jefferies LLC |