XTRA:NOEJ

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Executive Summary

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. More Details


Snowflake Analysis

Moderate growth potential with mediocre balance sheet.

Share Price & News

How has NORMA Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NOEJ is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: NOEJ's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

2.6%

NOEJ

2.6%

DE Machinery

1.5%

DE Market


1 Year Return

24.6%

NOEJ

14.8%

DE Machinery

3.6%

DE Market

Return vs Industry: NOEJ exceeded the German Machinery industry which returned 15.7% over the past year.

Return vs Market: NOEJ exceeded the German Market which returned 4.9% over the past year.


Shareholder returns

NOEJIndustryMarket
7 Day2.6%2.6%1.5%
30 Day1.7%6.4%3.6%
90 Day40.5%16.1%11.9%
1 Year24.8%24.6%17.5%14.8%6.9%3.6%
3 Year-31.8%-35.0%-25.7%-30.4%5.7%-3.5%
5 Year-1.1%-9.4%7.6%-4.0%42.4%22.5%

Long-Term Price Volatility Vs. Market

How volatile is NORMA Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

720.8x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NOEJ (€41.7) is trading above our estimate of fair value (€39.4)

Significantly Below Fair Value: NOEJ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NOEJ is poor value based on its PE Ratio (720.8x) compared to the DE Machinery industry average (37.6x).

PE vs Market: NOEJ is poor value based on its PE Ratio (720.8x) compared to the German market (24.6x).


Price to Earnings Growth Ratio

PEG Ratio: NOEJ is poor value based on its PEG Ratio (10.9x)


Price to Book Ratio

PB vs Industry: NOEJ is overvalued based on its PB Ratio (2.2x) compared to the DE Machinery industry average (1.6x).


Next Steps

Future Growth

How is NORMA Group forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

66.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOEJ's forecast earnings growth (66.2% per year) is above the savings rate (0.07%).

Earnings vs Market: NOEJ's earnings (66.2% per year) are forecast to grow faster than the German market (25.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NOEJ's revenue (6% per year) is forecast to grow slower than the German market (6% per year).

High Growth Revenue: NOEJ's revenue (6% 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 (10.2%).


Next Steps

Past Performance

How has NORMA Group performed over the past 5 years?

-9.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NOEJ has a large one-off loss of €13.2M impacting its September 30 2020 financial results.

Growing Profit Margin: NOEJ's current net profit margins (0.2%) are lower than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: NOEJ's earnings have declined by 9.7% per year over the past 5 years.

Accelerating Growth: NOEJ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NOEJ had negative earnings growth (-97.5%) over the past year, making it difficult to compare to the Machinery industry average (-48%).


Return on Equity

High ROE: NOEJ's Return on Equity (0.3%) is considered low.


Next Steps

Financial Health

How is NORMA Group's financial position?


Financial Position Analysis

Short Term Liabilities: NOEJ's short term assets (€535.3M) exceed its short term liabilities (€302.3M).

Long Term Liabilities: NOEJ's short term assets (€535.3M) do not cover its long term liabilities (€555.9M).


Debt to Equity History and Analysis

Debt Level: NOEJ's debt to equity ratio (89.9%) is considered high.

Reducing Debt: NOEJ's debt to equity ratio has reduced from 114% to 89.9% over the past 5 years.

Debt Coverage: NOEJ's debt is well covered by operating cash flow (28.3%).

Interest Coverage: NOEJ's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Next Steps

Dividend

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

0.095%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NOEJ's dividend (0.095%) isn’t notable compared to the bottom 25% of dividend payers in the German market (0.97%).

High Dividend: NOEJ's dividend (0.095%) is low compared to the top 25% of dividend payers in the German market (3.47%).


Stability and Growth of Payments

Stable Dividend: NOEJ is not paying a notable dividend for the German market, therefore no need to check if payments are stable.

Growing Dividend: NOEJ is not paying a notable dividend for the German market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: NOEJ is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NOEJ'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?

1.1yrs

Average management tenure


CEO

Michael Schneider (57 yo)

1.5yrs

Tenure

€1,790,000

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 2019. Dr. Schneider had been the Chief Financial...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD2.18M) is above average for companies of similar size in the German market ($USD1.60M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Michael Schneider
CEO & Chairman of the Management Board1.5yrs€1.79mno data
Friedrich Klein
COO & Member of the Management Board2.25yrs€1.23mno data
Annette Stieve
CFO & Member of the Management Board0.25yrno datano data
Andreas Trösch
Vice President of Investor Relationsno datano datano data
Samir Shah
President of Global Water Division0.67yrno datano data

1.1yrs

Average Tenure

56.5yo

Average Age

Experienced Management: NOEJ's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Günter Hauptmann
Independent Chairman of Supervisory Board0.33yr€75.34kno data
Rita Forst
Independent Member of the Supervisory Board2.67yrs€60.00kno data
Knut Michelberger
Independent Member of the Supervisory Board10yrs€95.00kno data
Mark Wilhelms
Independent Member of the Supervisory Board2.42yrs€56.14kno data
Erika Schulte
Independent Vice Chairman of the Supervisory Board2.67yrs€91.14kno data

2.7yrs

Average Tenure

65yo

Average Age

Experienced Board: NOEJ's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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 company bio, 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
  • Market Cap: €1.321b
  • Shares outstanding: 31.86m
  • Website: https://www.normagroup.com/corp/en/home/

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NOEJDB (Deutsche Boerse AG)YesCommon StockDEEURApr 2011
NOEJXTRA (XETRA Trading Platform)YesCommon StockDEEURApr 2011
0P38LSE (London Stock Exchange)YesCommon StockGBEURApr 2011
NOEJDBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURApr 2011
NOEJ.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 2011
NOEJSWX (SIX Swiss Exchange)YesCommon StockCHCHFApr 2011
NOEJWBAG (Wiener Boerse AG)YesCommon StockATEURApr 2011
NOEJETLX (Eurotlx)YesCommon StockITEURApr 2011

Biography

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 q...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 18:34
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
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.