XTRA:NTG

Stock Analysis Report

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Executive Summary

Nabaltec AG develops, manufactures, and distributes specialized products based on mineral raw materials worldwide.


Snowflake Analysis

Good value with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: NTG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.5%

NTG

4.2%

DE Chemicals

3.1%

DE Market


1 Year Return

-39.5%

NTG

1.7%

DE Chemicals

14.0%

DE Market

Return vs Industry: NTG underperformed the German Chemicals industry which returned 1.7% over the past year.

Return vs Market: NTG underperformed the German Market which returned 14% over the past year.


Shareholder returns

NTGIndustryMarket
7 Day-0.5%4.2%3.1%
30 Day-8.4%2.2%2.3%
90 Day-8.0%21.0%18.4%
1 Year-39.1%-39.5%6.1%1.7%16.5%14.0%
3 Year-17.0%-18.7%-17.6%-26.4%7.4%-1.2%
5 Year22.2%17.6%-2.8%-18.7%23.8%7.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NTG (€19.05) is trading below our estimate of fair value (€53.28)

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


Price To Earnings Ratio

PE vs Industry: NTG's PE Ratio (20x) is in line with the DE Chemicals industry average.

PE vs Market: NTG is good value based on its PE Ratio (20x) compared to the German market (21.9x).


Price to Earnings Growth Ratio

PEG Ratio: NTG is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: NTG is overvalued based on its PB Ratio (1.7x) compared to the DE Chemicals industry average (1.4x).


Next Steps

Future Growth

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

39.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NTG's forecast earnings growth (39.1% per year) is above the savings rate (0.2%).

Earnings vs Market: NTG's earnings (39.1% per year) are forecast to grow faster than the German market (25.2% per year).

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

Revenue vs Market: NTG's revenue (7.2% per year) is forecast to grow faster than the German market (5.8% per year).

High Growth Revenue: NTG's revenue (7.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NTG's Return on Equity is forecast to be low in 3 years time (14%).


Next Steps

Past Performance

How has Nabaltec performed over the past 5 years?

14.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NTG has high quality earnings.

Growing Profit Margin: NTG's current net profit margins (4.8%) are lower than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: NTG's earnings have grown by 14.5% per year over the past 5 years.

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

Earnings vs Industry: NTG had negative earnings growth (-23.2%) over the past year, making it difficult to compare to the Chemicals industry average (-15.2%).


Return on Equity

High ROE: NTG's Return on Equity (8.3%) is considered low.


Next Steps

Financial Health

How is Nabaltec's financial position?


Financial Position Analysis

Short Term Liabilities: NTG's short term assets (€78.6M) exceed its short term liabilities (€52.4M).

Long Term Liabilities: NTG's short term assets (€78.6M) do not cover its long term liabilities (€86.9M).


Debt to Equity History and Analysis

Debt Level: NTG's debt to equity ratio (70.6%) is considered high.

Reducing Debt: NTG's debt to equity ratio has reduced from 115.9% to 70.6% over the past 5 years.

Debt Coverage: NTG's debt is well covered by operating cash flow (32.7%).

Interest Coverage: NTG's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Nabaltec current dividend yield, its reliability and sustainability?

0.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NTG's dividend (0.79%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.23%).

High Dividend: NTG's dividend (0.79%) is low compared to the top 25% of dividend payers in the German market (3.78%).


Stability and Growth of Payments

Stable Dividend: NTG has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NTG's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.7%), NTG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NTG's dividends in 3 years are forecast to be well covered by earnings (18.3% payout ratio).


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Johannes Heckmann (55 yo)

3.58yrs

Tenure

Mr. Johannes Heckmann has been Chairman of Management Board and Chief Executive Officer at Nabaltec AG since January 01, 2017 and has been its Member of Management Board since September 2006. Mr. Heckmann ...


Leadership Team

NamePositionTenureCompensationOwnership
Johannes Heckmann
Chairman of Management Board & CEO3.58yrsno data28.2%
€ 47.3m
Günther Spitzer
CFO & Member of Management Board3.58yrsno datano data
Michael Klimes
COO & Member of Management Board3.58yrsno datano data

3.6yrs

Average Tenure

Experienced Management: NTG's management team is considered experienced (3.6 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

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


Key Information

  • Name: Nabaltec AG
  • Ticker: NTG
  • Exchange: XTRA
  • Founded: 1994
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: €167.640m
  • Shares outstanding: 8.80m
  • Website: https://www.nabaltec.de

Number of Employees


Location

  • Nabaltec AG
  • Alustrasse 50-52
  • Schwandorf
  • Bavaria
  • 92421
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NTGDB (Deutsche Boerse AG)YesCommon StockDEEURNov 2006
NTGXTRA (XETRA Trading Platform)YesCommon StockDEEURNov 2006
NABX.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 2006
NTGDBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURNov 2006

Biography

Nabaltec AG develops, manufactures, and distributes specialized products based on mineral raw materials worldwide. The company operates in two segments, Functional Fillers and Specialty Alumina. The Functi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 11:15
End of Day Share Price2020/08/13 00:00
Earnings2020/03/31
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.