Executive Summary
Nabaltec AG develops, manufactures, and distributes specialized products based on mineral raw materials worldwide.
Rewards
Risk Analysis
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
| NTG | Industry | Market | |
|---|---|---|---|
| 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 Year | 22.2%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
2 months ago | Simply Wall St
Here's Why Nabaltec (ETR:NTG) Has A Meaningful Debt Burden2 months ago | Simply Wall St
Need To Know: Analysts Just Made A Substantial Cut To Their Nabaltec AG (ETR:NTG) Estimates3 months ago | Simply Wall St
Is Now An Opportune Moment To Examine Nabaltec AG (ETR:NTG)?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Management Board & CEO | 3.58yrs | no data | 28.2% € 47.3m | |
| CFO & Member of Management Board | 3.58yrs | no data | no data | |
| COO & Member of Management Board | 3.58yrs | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NTG | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 2006 |
| NTG | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Nov 2006 |
| NABX.F | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Nov 2006 |
| NTGD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | EUR | Nov 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/14 11:15 |
| End of Day Share Price | 2020/08/13 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.