XTRA:NDX1

Stock Analysis Report

Executive Summary

Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide.

Snowflake

Fundamentals

Moderate growth potential with imperfect balance sheet.

Risks

  • Nordex has significant price volatility in the past 3 months.

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


Market Performance


7 Day Return

0.3%

XTRA:NDX1

1.6%

DE Electrical

-0.05%

DE Market


1 Year Return

3.8%

XTRA:NDX1

17.6%

DE Electrical

-4.6%

DE Market

NDX1 underperformed the Electrical industry which returned 15.6% over the past year.

NDX1 outperformed the Market in Germany which returned -4.5% over the past year.


Share holder returns

NDX1IndustryMarket
7 Day0.3%1.6%-0.05%
30 Day6.9%11.6%5.1%
90 Day-20.9%17.7%0.6%
1 Year3.8%3.8%19.4%17.6%-1.6%-4.6%
3 Year-62.1%-62.1%-27.0%-30.6%18.0%7.9%
5 Year-34.1%-34.1%-4.7%-13.5%31.4%13.4%

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

Valuation

Is Nordex undervalued based on future cash flows and its price relative to the stock market?

1.43x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Nordex's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Nordex's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Nordex is loss making, we can't compare its value to the DE Electrical industry average.

Nordex is loss making, we can't compare the value of its earnings to the Germany market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Nordex, we can't assess if its growth is good value.


Price Based on Value of Assets

Nordex is good value based on assets compared to the DE Electrical industry average.


Next Steps

Future Growth

How is Nordex expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

96.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Nordex's revenue is expected to grow by 5% yearly, however this is not considered high growth (20% yearly).

Nordex's earnings are expected to grow significantly at over 20% yearly.

Nordex's revenue growth is positive but not above the Germany market average.

Nordex's earnings growth is expected to exceed the Germany market average.

Nordex's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Nordex is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Nordex performed over the past 5 years?

-48.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Nordex does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Nordex's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Nordex's 1-year growth to the DE Electrical industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Nordex has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Nordex has efficiently used its assets last year compared to the DE Electrical industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Nordex improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Nordex's financial position?


Financial Position Analysis

Nordex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Nordex's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Nordex's level of debt (92.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (41.4% vs 92.5% today).

Debt is not well covered by operating cash flow (19.5%, less than 20% of total debt).

Unable to confirm if the interest payments on Nordex's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.9x debt.


Next Steps

Dividend

What is Nordex's current dividend yield, its reliability and sustainability?

0.11%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate Nordex's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Nordex's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Nordex has not reported any payouts.

Unable to verify if Nordex's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Nordex has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Nordex's dividends in 3 years as they are not expected to pay a notable one for Germany.


Next Steps

Management

What is the CEO of Nordex's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average management tenure


CEO

Jose Luis Blanco Diéguez (49yo)

2.5yrs

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

Jose Luis's remuneration is about average for companies of similar size in Germany.

Jose Luis's compensation has increased whilst company is loss making.


Management Age and Tenure

3.0yrs

Average Tenure

49yo

Average Age

The tenure for the Nordex management team is about average.


Board Age and Tenure

8.8yrs

Average Tenure

60yo

Average Age

The tenure for the Nordex board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Ralf Peters

    Head of Corporate Communications

    • Tenure: 0yrs
  • Jose Luis Blanco Diéguez (49yo)

    Chairman of Management Board & CEO

    • Tenure: 2.5yrs
    • Compensation: €1.33m
  • Patxi Landa (47yo)

    Chief Sales Officer & Member of Management Board

    • Tenure: 3.4yrs
    • Compensation: €751.80k
  • Christoph Burkhard (55yo)

    CFO & Member of Management Board

    • Tenure: 3yrs
    • Compensation: €796.90k
  • Felix Losada

    Deputy Head of Corporate Communications

    • Tenure: 0yrs
  • Felix Zander

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Wolfgang Ziebart (69yo)

    Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €69.00k
  • Rafael Mateo Alcala (60yo)

    Member of Supervisory Board

    • Tenure: 3.3yrs
    • Compensation: €33.00k
  • Martin Wolfgang Rey

    Member of Supervisory Board

    • Tenure: 14.3yrs
    • Compensation: €36.00k
  • Jan Klatten

    Member of Supervisory Board

    • Tenure: 14.3yrs
    • Compensation: €39.00k
  • Juan Antonio Muro-Lara Girod

    Deputy Chairman of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €51.00k
  • Connie Hedegaard (59yo)

    Member of Supervisory Board

    • Tenure: 3.3yrs
    • Compensation: €33.00k

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: €929.577m
  • Shares outstanding: 96.98m
  • Website: https://www.nordex-online.com

Number of Employees


Location

  • Nordex SE
  • Langenhorner Chaussee 600
  • Hamburg
  • Hamburg
  • 22419
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NRDX.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDApr 2001
NDX1DB (Deutsche Boerse AG)YesBearer SharesDEEURApr 2001
NDX1XTRA (XETRA Trading Platform)YesBearer SharesDEEURApr 2001
0MECLSE (London Stock Exchange)YesBearer SharesGBEURApr 2001
NDX1DBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURApr 2001
NDX1SWX (SIX Swiss Exchange)YesBearer SharesCHCHFApr 2001
NDX1WBAG (Wiener Boerse AG)YesBearer SharesATEURApr 2001

Biography

Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide. It also provides project development services, as well as acquires rights  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 20:55
End of Day Share Price2019/09/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.