XTRA:NTG

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Solid track record with excellent balance sheet.

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

-12.4%

NTG

-9.9%

DE Chemicals

-9.1%

DE Market


1 Year Return

5.2%

NTG

-13.5%

DE Chemicals

2.9%

DE Market

Return vs Industry: NTG exceeded the German Chemicals industry which returned -10.5% over the past year.

Return vs Market: NTG underperformed the German Market which returned 6.5% over the past year.


Shareholder returns

NTGIndustryMarket
7 Day-12.4%-9.9%-9.1%
30 Day-19.2%-8.9%-7.2%
90 Day-11.0%-13.8%-6.5%
1 Year5.8%5.2%-10.2%-13.5%6.1%2.9%
3 Year87.6%83.6%-24.5%-31.6%3.5%-5.6%
5 Year90.3%83.0%-14.1%-27.3%8.0%-6.8%

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?

43.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NTG (€28.2) is trading below our estimate of fair value (€49.66)

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


Price To Earnings Ratio

PE vs Industry: NTG is good value based on its PE Ratio (19.2x) compared to the Chemicals industry average (19.9x).

PE vs Market: NTG is good value based on its PE Ratio (19.2x) compared to the German market (20x).


Price to Earnings Growth Ratio

PEG Ratio: NTG is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: NTG is overvalued based on its PB Ratio (2.3x) compared to the DE Chemicals industry average (1.6x).


Next Steps

Future Growth

How is Nabaltec forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

17.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NTG's forecast earnings growth (17.4% per year) is above the savings rate (-0.4%).

Earnings vs Market: NTG's earnings (17.4% per year) are forecast to grow faster than the German market (13.1% per year).

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

Revenue vs Market: NTG's revenue (8.2% per year) is forecast to grow faster than the German market (5.1% per year).

High Growth Revenue: NTG's revenue (8.2% 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 (15.9%).


Next Steps

Past Performance

How has Nabaltec performed over the past 5 years?

19.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NTG has high quality earnings.

Growing Profit Margin: NTG's current net profit margins (7%) are higher than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: NTG's earnings have grown by 19.1% per year over the past 5 years.

Accelerating Growth: NTG's earnings growth over the past year (34.4%) exceeds its 5-year average (19.1% per year).

Earnings vs Industry: NTG earnings growth over the past year (34.4%) exceeded the Chemicals industry -10.8%.


Return on Equity

High ROE: NTG's Return on Equity (12.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Nabaltec's financial position?


Financial Position Analysis

Short Term Liabilities: NTG's short term assets (€86.2M) exceed its short term liabilities (€56.0M).

Long Term Liabilities: NTG's short term assets (€86.2M) exceed its long term liabilities (€78.3M).


Debt to Equity History and Analysis

Debt Level: NTG's debt to equity ratio (67.3%) is considered high.

Reducing Debt: NTG's debt to equity ratio has reduced from 134.5% to 67.3% over the past 5 years.

Debt Coverage: NTG's debt is well covered by operating cash flow (28.1%).

Interest Coverage: NTG's interest payments on its debt are well covered by EBIT (7.8x coverage).


Balance Sheet

Inventory Level: NTG has a high level of physical assets or inventory.

Debt Coverage by Assets: NTG's debt is covered by short term assets (assets are 1.2x debt).


Next Steps

Dividend

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

0.71%

Current Dividend Yield


Dividend Yield vs Market

company0.7%marketbottom25%1.5%markettop25%3.9%industryaverage4.6%forecastin3Years1.0%

Current dividend yield vs market & industry

Notable Dividend: NTG's dividend (0.71%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: NTG's dividend (0.71%) is low compared to the top 25% of dividend payers in the German market (3.81%).


Stability and Growth of Payments

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

Growing Dividend: NTG 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: NTG is not paying a notable dividend for the German market.


Future Payout to Shareholders

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

3.1yrs

Average management tenure


CEO

Johannes Heckmann (54yo)

3.1yrs

Tenure

0

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 & CEO3.1yrsno data28.25% 70.1m
Günther Spitzer
CFO & Member of Management Board3.1yrsno datano data
Michael Klimes
COO & Member of Management Board3.1yrsno datano data

3.1yrs

Average Tenure

Experienced Management: NTG's management team is considered experienced (3.1 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 been diluted in the past year, with total shares outstanding growing by 7.2%.


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: €248.160m
  • 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 through two segments, Functional Fillers and Specialty Alumina. The Functional Fillers segment manufactures and distributes non-halogenated flame-retardant fillers for the plastics and cable industry, as well as additives. The Specialty Alumina segment offers ceramic materials and ceramic bodies for applications in technical ceramics and the refractory industry. The company offers aluminium hydroxide under the APYRAL brand; Boehmite under the APYRAL AOH brand name; aluminum oxides under the NABALOX brand; synthetic sintered mullite under the SYMULOX brand name; and ceramic bodies under the GRANALOX brand. Nabaltec AG was founded in 1994 and is headquartered in Schwandorf, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 21:28
End of Day Share Price2020/02/27 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.