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NOEJ

NORMA Group XTRA:NOEJ Stock Report

Last Price

€21.74

Market Cap

€692.7m

7D

-0.6%

1Y

-51.4%

Updated

04 Jul, 2022

Data

Company Financials +
NOEJ fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance4/6
Financial Health4/6
Dividends4/6

NOEJ Stock Overview

NORMA Group SE, together with its subsidiaries, manufactures and sells engineered joining technology solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

NORMA Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NORMA Group
Historical stock prices
Current Share Price€21.74
52 Week High€45.64
52 Week Low€20.20
Beta2.18
1 Month Change-9.49%
3 Month Change-14.95%
1 Year Change-51.41%
3 Year Change-37.89%
5 Year Change-53.25%
Change since IPO4.52%

Recent News & Updates

Apr 29
We Think NORMA Group (ETR:NOEJ) Can Stay On Top Of Its Debt

We Think NORMA Group (ETR:NOEJ) Can Stay On Top Of Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Mar 26
NORMA Group (ETR:NOEJ) Will Pay A Larger Dividend Than Last Year At €0.75

NORMA Group (ETR:NOEJ) Will Pay A Larger Dividend Than Last Year At €0.75

The board of NORMA Group SE ( ETR:NOEJ ) has announced that it will be increasing its dividend on the 20th of May to...

Shareholder Returns

NOEJDE MachineryDE Market
7D-0.6%-3.5%-3.7%
1Y-51.4%-32.8%-24.4%

Return vs Industry: NOEJ underperformed the German Machinery industry which returned -32.5% over the past year.

Return vs Market: NOEJ underperformed the German Market which returned -23.9% over the past year.

Price Volatility

Is NOEJ's price volatile compared to industry and market?
NOEJ volatility
NOEJ Average Weekly Movement6.3%
Machinery Industry Average Movement4.8%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.8%

Stable Share Price: NOEJ is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: NOEJ's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18966,193Michael Schneiderhttps://www.normagroup.com

NORMA Group SE, together with its subsidiaries, manufactures and sells engineered joining technology solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company provides quick connectors, hose clamps, retaining clamps, and pipe couplings. The company sells its products to distributors, original equipment manufacturer aftermarket customers, technical wholesalers, and hardware stores under the ABA, Breeze, Clamp-All, CONNECTORS, FISH, Gemi, Kimplas, NDS, NORMA, Raindrip, R.G.RAY, Serflex, TORCA, and TRUSTLENE brand names through its distribution network, sales representatives, retailers, and importers.

NORMA Group Fundamentals Summary

How do NORMA Group's earnings and revenue compare to its market cap?
NOEJ fundamental statistics
Market Cap€692.69m
Earnings (TTM)€52.45m
Revenue (TTM)€1.11b

13.2x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NOEJ income statement (TTM)
Revenue€1.11b
Cost of Revenue€506.30m
Gross Profit€606.33m
Other Expenses€553.88m
Earnings€52.45m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)1.65
Gross Margin54.50%
Net Profit Margin4.71%
Debt/Equity Ratio69.5%

How did NOEJ perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

45%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is NOEJ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NOEJ?

Other financial metrics that can be useful for relative valuation.

NOEJ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA7.3x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does NOEJ's PE Ratio compare to its peers?

NOEJ PE Ratio vs Peers
The above table shows the PE ratio for NOEJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.5x
SLT Schaltbau Holding
74.1x38.4%€636.7m
KSB KSB SE KGaA
7.2x12.4%€628.4m
WSU WashTec
18.8x11.6%€590.8m
MUB Mühlbauer Holding
13.9xn/a€818.2m
NOEJ NORMA Group
13.2x19.6%€692.7m

Price-To-Earnings vs Peers: NOEJ is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (28.5x).


Price to Earnings Ratio vs Industry

How does NOEJ's PE Ratio compare vs other companies in the DE Machinery Industry?

Price-To-Earnings vs Industry: NOEJ is good value based on its Price-To-Earnings Ratio (13.2x) compared to the German Machinery industry average (15.3x)


Price to Earnings Ratio vs Fair Ratio

What is NOEJ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NOEJ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.2x
Fair PE Ratio23.7x

Price-To-Earnings vs Fair Ratio: NOEJ is good value based on its Price-To-Earnings Ratio (13.2x) compared to the estimated Fair Price-To-Earnings Ratio (23.7x).


Share Price vs Fair Value

What is the Fair Price of NOEJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NOEJ (€21.74) is trading below our estimate of fair value (€67.6)

Significantly Below Fair Value: NOEJ is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: NOEJ is good value based on its PEG Ratio (0.7x)


Discover undervalued companies

Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOEJ's forecast earnings growth (19.6% per year) is above the savings rate (-0.01%).

Earnings vs Market: NOEJ's earnings (19.6% per year) are forecast to grow faster than the German market (8.4% per year).

High Growth Earnings: NOEJ's earnings are forecast to grow, but not significantly.

Revenue vs Market: NOEJ's revenue (5.7% per year) is forecast to grow faster than the German market (4.7% per year).

High Growth Revenue: NOEJ's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NOEJ's Return on Equity is forecast to be low in 3 years time (12%).


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Past Performance

How has NORMA Group performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-23.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NOEJ has high quality earnings.

Growing Profit Margin: NOEJ's current net profit margins (4.7%) are higher than last year (1.5%).


Past Earnings Growth Analysis

Earnings Trend: NOEJ's earnings have declined by 23.6% per year over the past 5 years.

Accelerating Growth: NOEJ's earnings growth over the past year (249.2%) exceeds its 5-year average (-23.6% per year).

Earnings vs Industry: NOEJ earnings growth over the past year (249.2%) exceeded the Machinery industry 82.5%.


Return on Equity

High ROE: NOEJ's Return on Equity (7.6%) is considered low.


Discover strong past performing companies

Financial Health

How is NORMA Group's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NOEJ's short term assets (€632.6M) exceed its short term liabilities (€351.9M).

Long Term Liabilities: NOEJ's short term assets (€632.6M) exceed its long term liabilities (€509.5M).


Debt to Equity History and Analysis

Debt Level: NOEJ's net debt to equity ratio (45.4%) is considered high.

Reducing Debt: NOEJ's debt to equity ratio has reduced from 110.7% to 69.5% over the past 5 years.

Debt Coverage: NOEJ's debt is not well covered by operating cash flow (17.3%).

Interest Coverage: NOEJ's interest payments on its debt are well covered by EBIT (11.7x coverage).


Balance Sheet


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Dividend

What is NORMA Group current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.45%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: NOEJ's dividend (3.45%) is higher than the bottom 25% of dividend payers in the German market (1.48%).

High Dividend: NOEJ's dividend (3.45%) is low compared to the top 25% of dividend payers in the German market (4.56%).


Stability and Growth of Payments

Stable Dividend: NOEJ's dividend payments have been volatile in the past 10 years.

Growing Dividend: NOEJ's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (45.5%), NOEJ's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (61.9%), NOEJ's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Michael Schneider (59 yo)

7yrs

Tenure

€2,683,000

Compensation

Dr. Michael Schneider, Ph.D. serves as Chairman of the Management Board at NORMA Group SE since July 31, 2019 and its Chief Executive Officer since November 14, 2019. Dr. Schneider had been the Chief Finan...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD2.80M) is above average for companies of similar size in the German market ($USD1.42M).

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


Leadership Team

Experienced Management: NOEJ's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: NOEJ's board of directors are considered experienced (6.8 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

NORMA Group SE's employee growth, exchange listings and data sources


Key Information

  • Name: NORMA Group SE
  • Ticker: NOEJ
  • Exchange: XTRA
  • Founded: 1896
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: €692.689m
  • Shares outstanding: 31.86m
  • Website: https://www.normagroup.com

Number of Employees


Location

  • NORMA Group SE
  • Edisonstrasse 4
  • Maintal
  • Hessen
  • 63477
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/04 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.