Nordex
Market Cap
€825.7m
Last Updated
2020/04/08 21:42 UTC
Data Sources
Company Financials +
Executive Summary
Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
11.7%
NDX1
10.0%
DE Electrical
9.1%
DE Market
1 Year Return
-45.8%
NDX1
-3.4%
DE Electrical
-13.1%
DE Market
Return vs Industry: NDX1 underperformed the German Electrical industry which returned -8.1% over the past year.
Return vs Market: NDX1 underperformed the German Market which returned -16.6% over the past year.
Shareholder returns
| NDX1 | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.7% | 10.0% | 9.1% |
| 30 Day | -11.6% | -11.2% | -1.0% |
| 90 Day | -33.4% | -25.7% | -20.7% |
| 1 Year | -45.8%-45.8% | -3.2%-3.4% | -10.6%-13.1% |
| 3 Year | -39.3%-39.3% | -36.5%-38.6% | -10.7%-18.1% |
| 5 Year | -60.6%-60.6% | -35.8%-40.2% | -10.7%-22.8% |
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
6 months ago | Simply Wall St
Nordex SE (ETR:NDX1): What Does Its Beta Value Mean For Your Portfolio?6 months ago | Simply Wall St
Is Nordex (ETR:NDX1) Using Too Much Debt?7 months 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?
1.14x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: NDX1 (€7.74) is trading above our estimate of fair value (€0.47)
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 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 is good value based on its PB Ratio (1.1x) compared to the DE Electrical industry average (1.9x).
Next Steps
Future Growth
How is Nordex forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
112.4%
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 (-0.4%).
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 (3.3% per year) is forecast to grow slower than the German market (3.9% per year).
High Growth Revenue: NDX1's revenue (3.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NDX1 is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has Nordex performed over the past 5 years?
-58.4%
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 -58.4% 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 (65.8%).
Return on Equity
High ROE: NDX1 has a negative Return on Equity (-9.74%), 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 (€2.5B) exceed its short term liabilities (€2.3B).
Long Term Liabilities: NDX1's short term assets (€2.5B) exceed its long term liabilities (€914.2M).
Debt to Equity History and Analysis
Debt Level: NDX1's debt to equity ratio (80.1%) is considered high.
Reducing Debt: NDX1's debt to equity ratio has increased from 33.9% to 80.1% over the past 5 years.
Debt Coverage: NDX1's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: Insufficient data to determine if NDX1's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Nordex's current dividend yield, its reliability and sustainability?
0.50%
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 payouts.
High Dividend: Unable to evaluate NDX1's dividend yield against the top 25% of dividend payers, as the company has not reported any 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?
3.6yrs
Average management tenure
CEO
Jose Blanco Diéguez (49yo)
3.08s
Tenure
€1,332,017
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 Luis's total compensation ($USD1.44M) is about average for companies of similar size in the German market ($USD1.30M).
Compensation vs Earnings: Jose Luis's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Management Board & CEO | 3.08yrs | €1.33m | no data | |
| CFO & Member of Management Board | 3.58yrs | €796.90k | no data | |
| Chief Sales Officer & Member of Management Board | 4yrs | €751.80k | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Head of Corporate Communications | no data | no data | no data |
3.6yrs
Average Tenure
49yo
Average Age
Experienced Management: NDX1's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Supervisory Board | no data | €69.00k | no data | |
| Member of Supervisory Board | 3.83yrs | €33.00k | no data | |
| Member of Supervisory Board | 14.83yrs | €36.00k | no data | |
| Member of Supervisory Board | 14.83yrs | €39.00k | no data | |
| Deputy Chairman of Supervisory Board | no data | €51.00k | no data | |
| Member of Supervisory Board | 3.83yrs | €33.00k | no data |
9.3yrs
Average Tenure
59.5yo
Average Age
Experienced Board: NDX1's board of directors are considered experienced (9.3 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 2.3%.
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: €825.709m
- Shares outstanding: 106.68m
- 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 |
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 acquires rights and creates the infrastructure required to construct wind power systems at suitable locations. In addition, it offers maintenance and remote monitoring services for wind farms, as well as spare parts, and repair and technical enhancement services for existing turbines. Nordex SE was founded in 1985 and is headquartered in Hamburg, Germany.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/08 21:42 |
| End of Day Share Price | 2020/04/08 00:00 |
| Earnings | 2019/12/31 |
| 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.