Nordex
Market Cap
€2.9b
Last Updated
2021/01/19 19:47 UTC
Data Sources
Company Financials +
Executive Summary
Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential with imperfect balance sheet.
Similar Companies
Share Price & News
How has Nordex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NDX1 is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: NDX1's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of German stocks.
Market Performance
7 Day Return
1.8%
NDX1
-4.6%
DE Electrical
-0.09%
DE Market
1 Year Return
100.3%
NDX1
41.8%
DE Electrical
2.5%
DE Market
Return vs Industry: NDX1 exceeded the German Electrical industry which returned 37.4% over the past year.
Return vs Market: NDX1 exceeded the German Market which returned 2.3% over the past year.
Shareholder returns
| NDX1 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.8% | -4.6% | -0.09% |
| 30 Day | 17.7% | 15.3% | 2.3% |
| 90 Day | 89.0% | 40.1% | 11.4% |
| 1 Year | 100.3%100.3% | 42.0%41.8% | 5.8%2.5% |
| 3 Year | 131.4%131.4% | 36.3%32.3% | 3.3%-5.8% |
| 5 Year | -11.7%-11.7% | 35.2%28.0% | 40.8%20.9% |
Long-Term Price Volatility Vs. Market
How volatile is Nordex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Nordex SE (ETR:NDX1): What Does Its Beta Value Mean For Your Portfolio?1 year ago | Simply Wall St
Is Nordex (ETR:NDX1) Using Too Much Debt?1 year ago | Simply Wall St
Does Nordex SE's (ETR:NDX1) CEO Pay Matter?Valuation
Is Nordex undervalued compared to its fair value and its price relative to the market?
4.2x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: NDX1 (€24.98) is trading above our estimate of fair value (€16.67)
Significantly Below Fair Value: NDX1 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NDX1 is unprofitable, so we can't compare its PE Ratio to the DE Electrical industry average.
PE vs Market: NDX1 is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NDX1's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NDX1's PB Ratio (4.2x) is in line with the DE Electrical industry average.
Next Steps
Future Growth
How is Nordex forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
128.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NDX1 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.07%).
Earnings vs Market: NDX1 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NDX1's is expected to become profitable in the next 3 years.
Revenue vs Market: NDX1's revenue (2% per year) is forecast to grow slower than the German market (5.9% per year).
High Growth Revenue: NDX1's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NDX1's Return on Equity is forecast to be low in 3 years time (7.5%).
Next Steps
Past Performance
How has Nordex performed over the past 5 years?
-64.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NDX1 is currently unprofitable.
Growing Profit Margin: NDX1 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NDX1 is unprofitable, and losses have increased over the past 5 years at a rate of 64% per year.
Accelerating Growth: Unable to compare NDX1's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NDX1 is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (20.1%).
Return on Equity
High ROE: NDX1 has a negative Return on Equity (-16.3%), as it is currently unprofitable.
Next Steps
Financial Health
How is Nordex's financial position?
Financial Position Analysis
Short Term Liabilities: NDX1's short term assets (€3.2B) do not cover its short term liabilities (€3.2B).
Long Term Liabilities: NDX1's short term assets (€3.2B) exceed its long term liabilities (€849.5M).
Debt to Equity History and Analysis
Debt Level: NDX1's debt to equity ratio (141.7%) is considered high.
Reducing Debt: NDX1's debt to equity ratio has increased from 11.9% to 141.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NDX1 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NDX1 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Nordex current dividend yield, its reliability and sustainability?
0.08%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NDX1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NDX1's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NDX1's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NDX1's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NDX1's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average management tenure
CEO
Jose Blanco Diéguez (50 yo)
3.83yrs
Tenure
€1,255,032
Compensation
Mr. Jose Luis Blanco Diéguez has been the Chairman of Management Board and Chief Executive Officer at Nordex SE since March 31, 2017 and its Member of Management Board since April 4, 2016. Mr. Blanco Diégu...
CEO Compensation Analysis
Compensation vs Market: Jose's total compensation ($USD1.52M) is about average for companies of similar size in the German market ($USD2.14M).
Compensation vs Earnings: Jose's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Management Board & CEO | 3.83yrs | €1.26m | no data | |
| CFO & Member of Management Board | 4.33yrs | €752.92k | no data | |
| Chief Sales Officer & Member of Management Board | 4.75yrs | €705.15k | no data | |
| Member of Management Board | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Head of Corporate Communications | no data | no data | no data |
4.3yrs
Average Tenure
50yo
Average Age
Experienced Management: NDX1's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Supervisory Board | no data | €69.00k | no data | |
| Member of Supervisory Board | 4.58yrs | €33.00k | no data | |
| Member of Supervisory Board | 15.58yrs | €36.00k | no data | |
| Member of Supervisory Board | 15.58yrs | €39.00k | no data | |
| Deputy Chairman of Supervisory Board | no data | €51.00k | no data | |
| Member of Supervisory Board | 4.58yrs | €33.00k | no data |
10.1yrs
Average Tenure
60.5yo
Average Age
Experienced Board: NDX1's board of directors are seasoned and experienced ( 10.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10%.
Top Shareholders
Company Information
Nordex SE's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Nordex SE
- Ticker: NDX1
- Exchange: XTRA
- Founded: 1985
- Industry: Heavy Electrical Equipment
- Sector: Capital Goods
- Market Cap: €2.882b
- Shares outstanding: 117.35m
- Website: https://www.nordex-online.com
Number of Employees
Location
- Nordex SE
- Langenhorner Chaussee 600
- Hamburg
- Hamburg
- 22419
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NRDX.F | OTCPK (Pink Sheets LLC) | Yes | Bearer Shares | US | USD | Apr 2001 |
| NDX1 | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Apr 2001 |
| NDX1 | XTRA (XETRA Trading Platform) | Yes | Bearer Shares | DE | EUR | Apr 2001 |
| 0MEC | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | EUR | Apr 2001 |
| NDX1D | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Bearer Shares | GB | EUR | Apr 2001 |
| NDX1 | SWX (SIX Swiss Exchange) | Yes | Bearer Shares | CH | CHF | Apr 2001 |
| NDX1 | ETLX (Eurotlx) | Yes | Bearer Shares | IT | EUR | Apr 2001 |
| NDX1 | WBAG (Wiener Boerse AG) | Yes | Bearer Shares | AT | EUR | Apr 2001 |
| NRXX.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Oct 2015 | |
| NDX | DB (Deutsche Boerse AG) | ADR | DE | EUR | Oct 2015 |
Biography
Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide. The company also provides project development services, as well as acquire...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 19:47 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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 here.