XTRA:NDX1

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Mediocre balance sheet with moderate growth potential.


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

-4.3%

NDX1

-4.3%

DE Electrical

-3.2%

DE Market


1 Year Return

12.3%

NDX1

24.6%

DE Electrical

0.2%

DE Market

Return vs Industry: NDX1 underperformed the German Electrical industry which returned 24.3% over the past year.

Return vs Market: NDX1 exceeded the German Market which returned 1.7% over the past year.


Shareholder returns

NDX1IndustryMarket
7 Day-4.3%-4.3%-3.2%
30 Day19.6%8.7%1.0%
90 Day30.2%16.7%-2.9%
1 Year12.3%12.3%24.7%24.6%3.4%0.2%
3 Year51.5%51.5%25.5%22.0%1.0%-7.8%
5 Year-54.4%-54.4%-16.5%-21.7%21.1%3.8%

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

Valuation

Is Nordex undervalued compared to its fair value and its price relative to the market?

2.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: NDX1 (€13.22) is trading above our estimate of fair value (€0.5)

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 is good value based on its PB Ratio (2.5x) compared to the DE Electrical industry average (3x).


Next Steps

Future Growth

How is Nordex forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

72.2%

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 (0.2%).

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 is expected to decline over the next 3 years (-2.2% per year).

High Growth Revenue: NDX1's revenue is forecast to decline over the next 3 years (-2.2% 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 (3%).


Next Steps

Past Performance

How has Nordex performed over the past 5 years?

-64.7%

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 64.7% 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 (-35.54%), 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 (€2.6B) do not cover its short term liabilities (€2.8B).

Long Term Liabilities: NDX1's short term assets (€2.6B) exceed its long term liabilities (€640.1M).


Debt to Equity History and Analysis

Debt Level: NDX1's debt to equity ratio (103.7%) is considered high.

Reducing Debt: NDX1 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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?

0.31%

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?

4.1yrs

Average management tenure


CEO

Jose Blanco Diéguez (50 yo)

3.58yrs

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 ($USD1.49M) is about average for companies of similar size in the German market ($USD1.55M).

Compensation vs Earnings: Jose's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jose Blanco Diéguez
Chairman of Management Board & CEO3.58yrs€1.26mno data
Christoph Burkhard
CFO & Member of Management Board4.08yrs€752.92kno data
Patxi Landa
Chief Sales Officer & Member of Management Board4.5yrs€705.15kno data
Felix Zander
Head of Investor Relationsno datano datano data
Ralf Peters
Head of Corporate Communicationsno datano datano data

4.1yrs

Average Tenure

50yo

Average Age

Experienced Management: NDX1's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Wolfgang Ziebart
Chairman of Supervisory Boardno data€69.00kno data
Rafael Mateo Alcala
Member of Supervisory Board4.33yrs€33.00kno data
Martin Wolfgang Rey
Member of Supervisory Board15.33yrs€36.00kno data
Jan Klatten
Member of Supervisory Board15.33yrs€39.00kno data
Juan Antonio Muro-Lara Girod
Deputy Chairman of Supervisory Boardno data€51.00kno data
Connie Hedegaard
Member of Supervisory Board4.33yrs€33.00kno data

9.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: NDX1's board of directors are considered experienced (9.8 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 not been meaningfully diluted in the past year.


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: €1.410b
  • Shares outstanding: 106.68m
  • 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
NDX1ETLX (Eurotlx)YesBearer SharesITEURApr 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. The company also provides project development services, as well as acquire ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 20:39
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.