DB:NWX

Stock Analysis Report

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Executive Summary

Nordwest Handel AG provides procurement, finance, logistics, IT, and sales services for small and medium sized businesses in Germany and Europe. More Details


Snowflake Analysis

Excellent balance sheet average dividend payer.

Share Price & News

How has Nordwest Handel's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NWX is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NWX's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

0%

NWX

0.7%

DE Trade Distributors

1.5%

DE Market


1 Year Return

-7.8%

NWX

35.2%

DE Trade Distributors

3.6%

DE Market

Return vs Industry: NWX underperformed the German Trade Distributors industry which returned 35.2% over the past year.

Return vs Market: NWX underperformed the German Market which returned 3.6% over the past year.


Shareholder returns

NWXIndustryMarket
7 Day0%0.7%1.5%
30 Day1.0%4.2%3.6%
90 Day5.0%22.1%11.9%
1 Year-4.5%-7.8%38.5%35.2%6.9%3.6%
3 Year2.5%-6.2%28.1%18.6%5.7%-3.5%
5 Year102.4%76.2%60.8%42.7%42.4%22.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

10.09x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NWX (€21.2) is trading above our estimate of fair value (€9.99)

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


Price To Earnings Ratio

PE vs Industry: NWX is good value based on its PE Ratio (10.1x) compared to the DE Trade Distributors industry average (22.2x).

PE vs Market: NWX is good value based on its PE Ratio (10.1x) compared to the German market (24.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NWX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NWX is good value based on its PB Ratio (0.9x) compared to the DE Trade Distributors industry average (1.5x).


Next Steps

Future Growth

How is Nordwest Handel forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.9%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nordwest Handel has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Nordwest Handel performed over the past 5 years?

17.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NWX has high quality earnings.

Growing Profit Margin: NWX's current net profit margins (1.4%) are lower than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: NWX's earnings have grown by 17.6% per year over the past 5 years.

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

Earnings vs Industry: NWX had negative earnings growth (-14.3%) over the past year, making it difficult to compare to the Trade Distributors industry average (-25.9%).


Return on Equity

High ROE: NWX's Return on Equity (9%) is considered low.


Next Steps

Financial Health

How is Nordwest Handel's financial position?


Financial Position Analysis

Short Term Liabilities: NWX's short term assets (€307.7M) exceed its short term liabilities (€240.7M).

Long Term Liabilities: NWX's short term assets (€307.7M) exceed its long term liabilities (€24.9M).


Debt to Equity History and Analysis

Debt Level: NWX's debt to equity ratio (19.6%) is considered satisfactory.

Reducing Debt: NWX's debt to equity ratio has reduced from 29.2% to 19.6% over the past 5 years.

Debt Coverage: NWX's debt is not well covered by operating cash flow (2.4%).

Interest Coverage: NWX's interest payments on its debt are well covered by EBIT (6.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Nordwest Handel current dividend yield, its reliability and sustainability?

3.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NWX's dividend (3.77%) is higher than the bottom 25% of dividend payers in the German market (0.98%).

High Dividend: NWX's dividend (3.77%) is in the top 25% of dividend payers in the German market (3.49%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.1%), NWX's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Andreas Ridder (56 yo)

1.42yrs

Tenure

€423,646

Compensation

Mr. Andreas Ridder serves as the Chief Executive Officer and Member of Management Board at Nordwest Handel AG.


CEO Compensation Analysis

Compensation vs Market: Andreas's total compensation ($USD515.70K) is about average for companies of similar size in the German market ($USD480.04K).

Compensation vs Earnings: Insufficient data to compare Andreas's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Andreas Ridder
CEO & Chairman of Management Board1.42yrs€423.65kno data
Jörg Simon
Head of Finance & Administration and Member of Management Board5.58yrs€463.81kno data
Christian Scherpner
Head of Accountsno datano datano data
Mathias Roppel
Head of Marketing Departmentno datano datano data
Thomas Sieglitz
Head of Human Resourcesno datano datano data
Ferdinand Arning
Head of Zentraleinkauf4.25yrsno datano data
Ulrich Hülsenbeck
Head of IT & Business Processesno datano datano data
Michael Rolf
Head of Craft/Industry4.25yrsno datano data
Thorsten Stiefken
Head - Development of Membersno datano datano data
Stefan Thiel
Head of Constructionno datano datano data
Jens Thöne
Head of Services - Finance & Framework Agreementsno datano datano data
Alexander Garthmann
Head of Finance Department4.25yrsno datano data

4.3yrs

Average Tenure

Experienced Management: NWX's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Martin Bertinchamp
Chairman of the Supervisory Board5.92yrs€504.52kno data
Hans Stumpf
Member of the Supervisory Board17.67yrs€21.00kno data
Eberhard Frick
Vice Chairman of the Supervisory Board2.25yrs€54.00kno data
Andreas Rüth
Member of the Supervisory Board6.67yrs€22.50kno data
Rüdiger Bäcker
Member of the Supervisory Board5.67yrs€21.50kno data
Ingo Müller
Member of Supervisory Board2yrs€4.10kno data

5.8yrs

Average Tenure

60yo

Average Age

Experienced Board: NWX's board of directors are considered experienced (5.8 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

Nordwest Handel AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nordwest Handel AG
  • Ticker: NWX
  • Exchange: DB
  • Founded: 1919
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: €67.946m
  • Shares outstanding: 3.21m
  • Website: https://www.nordwest.com

Number of Employees


Location

  • Nordwest Handel AG
  • Robert-Schuman-Str. 17
  • Dortmund
  • North Rhine-Westphalia
  • 44263
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0KFFLSE (London Stock Exchange)YesBearer SharesGBEURAug 1999
NWXDB (Deutsche Boerse AG)YesBearer SharesDEEURAug 1999

Biography

Nordwest Handel AG provides procurement, finance, logistics, IT, and sales services for small and medium sized businesses in Germany and Europe. It trades in various steel products; and occupational health...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 01:44
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.