NORMA Group Future Growth

Future criteria checks 3/6

NORMA Group is forecast to grow earnings and revenue by 76.4% and 3.8% per annum respectively. EPS is expected to grow by 76.3% per annum. Return on equity is forecast to be 5.7% in 3 years.

Key information

76.4%

Earnings growth rate

76.34%

EPS growth rate

Machinery earnings growth	16.2%
Revenue growth rate	3.8%
Future return on equity	5.70%
Analyst coverage	Good
Last updated	08 May 2025

Recent future growth updates

Recent updates

The Price Is Right For NORMA Group SE (ETR:NOEJ) Even After Diving 26%

Apr 03

Efficiency Initiatives Like The Step Up Program Will Improve Future Productivity

Feb 23 Step Up program initiatives are boosting operational efficiency and potentially improving future margins and earnings through widespread implementation.

Is NORMA Group SE (ETR:NOEJ) Trading At A 23% Discount?

Feb 22

After Leaping 28% NORMA Group SE (ETR:NOEJ) Shares Are Not Flying Under The Radar

Dec 07

NORMA Group's (ETR:NOEJ) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Nov 30

NORMA Group SE (ETR:NOEJ) Shares Could Be 47% Below Their Intrinsic Value Estimate

Aug 07

Some Investors May Be Worried About NORMA Group's (ETR:NOEJ) Returns On Capital

Jun 16

Does NORMA Group (ETR:NOEJ) Have A Healthy Balance Sheet?

Mar 28

NORMA Group's (ETR:NOEJ) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Mar 08

NORMA Group SE's (ETR:NOEJ) Intrinsic Value Is Potentially 86% Above Its Share Price

Jun 04

Does NORMA Group (ETR:NOEJ) Have A Healthy Balance Sheet?

May 07

Earnings and Revenue Growth Forecasts

XTRA:NOEJ - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	1,236	55	77	146	5
12/31/2026	1,196	43	75	123	7
12/31/2025	1,145	9	60	116	7
3/31/2025	1,138	2	87	142	N/A
12/31/2024	1,162	15	82	137	N/A
9/30/2024	1,179	23	118	168	N/A
6/30/2024	1,202	24	121	173	N/A
3/31/2024	1,220	29	103	156	N/A
12/31/2023	1,226	28	58	119	N/A
9/30/2023	1,241	28	37	99	N/A
6/30/2023	1,263	31	-3	62	N/A
3/31/2023	1,256	30	-7	56	N/A
12/31/2022	1,246	39	22	77	N/A
9/30/2022	1,202	41	-2	50	N/A
6/30/2022	1,149	42	29	74	N/A
3/31/2022	1,113	52	39	83	N/A
12/31/2021	1,095	56	62	108	N/A
9/30/2021	1,098	62	72	123	N/A
6/30/2021	1,078	63	91	136	N/A
3/31/2021	989	15	91	132	N/A
12/31/2020	956	6	94	134	N/A
9/30/2020	956	2	110	151	N/A
6/30/2020	985	7	93	139	N/A
3/31/2020	1,083	50	86	137	N/A
12/31/2019	1,105	58	79	137	N/A
9/30/2019	1,111	74	94	148	N/A
6/30/2019	1,106	79	79	140	N/A
3/31/2019	1,093	86	82	147	N/A
12/31/2018	1,089	92	N/A	131	N/A
9/30/2018	1,076	122	N/A	127	N/A
6/30/2018	1,051	120	N/A	131	N/A
3/31/2018	1,039	122	N/A	131	N/A
12/31/2017	1,021	120	N/A	146	N/A
9/30/2017	982	81	N/A	130	N/A
6/30/2017	955	82	N/A	130	N/A
3/31/2017	926	79	N/A	139	N/A
12/31/2016	898	76	N/A	149	N/A
9/30/2016	900	79	N/A	128	N/A
6/30/2016	901	77	N/A	137	N/A
3/31/2016	898	75	N/A	137	N/A
12/31/2015	892	74	N/A	128	N/A
9/30/2015	853	67	N/A	135	N/A
6/30/2015	799	64	N/A	109	N/A
3/31/2015	742	59	N/A	90	N/A
12/31/2014	698	55	N/A	96	N/A
9/30/2014	675	56	N/A	98	N/A
6/30/2014	670	54	N/A	109	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOEJ's forecast earnings growth (76.4% per year) is above the savings rate (1.1%).

Earnings vs Market: NOEJ's earnings (76.4% per year) are forecast to grow faster than the German market (16.1% per year).

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

Revenue vs Market: NOEJ's revenue (3.8% per year) is forecast to grow slower than the German market (5.8% per year).

High Growth Revenue: NOEJ's revenue (3.8% 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 (5.7%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/12 08:11
End of Day Share Price	2025/05/12 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NORMA Group SE is covered by 26 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Peter Rothenaicher	Baader Helvea Equity Research
Sebastian Kuenne	Berenberg
Yasmin Steilen	Berenberg

NORMA Group Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 17%

Consensus EPS estimates fall by 17%

NORMA Group SE Provides Earnings Guidance for the Full Year 2025

Price target increased by 14% to €20.07

Price target decreased by 8.5% to €18.86

Consensus EPS estimates fall by 20%

Recent updates

Consensus EPS estimates fall by 17%

Upcoming dividend of €0.40 per share

First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 17%

Investor sentiment deteriorates as stock falls 22%

New major risk - Financial position

The Price Is Right For NORMA Group SE (ETR:NOEJ) Even After Diving 26%

Dividend reduced to €0.40

NORMA Group SE, Annual General Meeting, May 13, 2025

New minor risk - Profit margin trend

Full year 2024 earnings: EPS misses analyst expectations

NORMA Group SE announces Annual dividend, payable on May 16, 2025

Investor sentiment deteriorates as stock falls 16%

NORMA Group SE Provides Earnings Guidance for the Full Year 2025

Now 23% undervalued

Efficiency Initiatives Like The Step Up Program Will Improve Future Productivity

Is NORMA Group SE (ETR:NOEJ) Trading At A 23% Discount?

Now 20% undervalued

NORMA Group SE Announces Management Changes

After Leaping 28% NORMA Group SE (ETR:NOEJ) Shares Are Not Flying Under The Radar

Investor sentiment improves as stock rises 17%

NORMA Group's (ETR:NOEJ) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Second quarter 2024 earnings: EPS misses analyst expectations

NORMA Group SE (ETR:NOEJ) Shares Could Be 47% Below Their Intrinsic Value Estimate

NORMA Group SE to Report Fiscal Year 2024 Final Results on Apr 01, 2025

NORMA Group SE to Report Q1, 2025 Results on May 06, 2025

Some Investors May Be Worried About NORMA Group's (ETR:NOEJ) Returns On Capital

Upcoming dividend of €0.45 per share

First quarter 2024 earnings released: EPS: €0.26 (vs €0.24 in 1Q 2023)

Dividend of €0.45 announced

Does NORMA Group (ETR:NOEJ) Have A Healthy Balance Sheet?

Price target increased by 14% to €20.07

NORMA Group's (ETR:NOEJ) Returns On Capital Tell Us There Is Reason To Feel Uneasy

NORMA Group SE (XTRA:NOEJ) signed an agreement to acquire Teco Srl.

Price target decreased by 8.5% to €18.86

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 20%

NORMA Group SE to Report Fiscal Year 2023 Results on Feb 13, 2024

Second quarter 2023 earnings: EPS misses analyst expectations

Price target decreased by 8.5% to €20.65

Now 20% undervalued after recent price drop

Price target decreased by 12% to €21.06

NORMA Group (ETR:NOEJ) Could Be Struggling To Allocate Capital

Price target decreased by 7.7% to €24.06

Now 21% undervalued after recent price drop

First quarter 2023 earnings released: EPS: €0.24 (vs €0.53 in 1Q 2022)

Upcoming dividend of €0.55 per share at 2.5% yield

Full year 2022 earnings: EPS misses analyst expectations

These 4 Measures Indicate That NORMA Group (ETR:NOEJ) Is Using Debt Extensively

Price target increased by 8.9% to €24.44

Investor sentiment improves as stock rises 22%

NORMA Group (ETR:NOEJ) Is Finding It Tricky To Allocate Its Capital

Price target decreased to €22.90

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

NORMA Group (ETR:NOEJ) Takes On Some Risk With Its Use Of Debt

Consensus forecasts updated

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

NORMA Group SE, Annual General Meeting, May 11, 2023

NORMA Group SE to Report Q3, 2023 Results on Nov 07, 2023

Investor sentiment deteriorated over the past week

Consensus forecasts updated

Price target decreased to €32.27

Upcoming dividend of €0.75 per share

Price target decreased to €35.92

Price target decreased to €35.92

First quarter 2022 earnings: Revenues exceed analyst expectations

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

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