Declared Dividend • May 24
Dividend of €1.00 announced Dividend of €1.00 is the same as last year. Ex-date: 30th June 2026 Payment date: 2nd July 2026 Dividend yield will be 2.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (21% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 20
First quarter 2026 earnings released: EPS: €1.55 (vs €0.85 in 1Q 2025) First quarter 2026 results: EPS: €1.55 (up from €0.85 in 1Q 2025). Revenue: €248.1m (flat on 1Q 2025). Net income: €19.2m (up 71% from 1Q 2025). Profit margin: 7.7% (up from 4.5% in 1Q 2025). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • May 02
Nagarro SE Proposes Dividend Nagarro SE Management Board and Supervisory Board will propose to the Annual General Meeting the distribution of a dividend of €1.00 per share. Announcement • Jan 09
Nagarro SE Announces Board and Committees Appointments Nagarro SE announced that the Supervisory Board has elected Christian Bacherl as its Chairperson and Jack Clemons as Deputy Chairperson, following the resignation of Dr. Martin Enderle as Chairperson and member of the Supervisory Board for health reasons effective December 31, 2025. The Supervisory Board has also initiated the process to find a candidate for the vacant seat on the Supervisory Board. The Nomination & Remuneration Committee and the Strategy Committee of the Supervisory Board have also been recomposed. Dr. Shalini Sarin is now chairing the Nomination & Remuneration Committee with Christian Bacherl joining as Deputy and Jack Clemons. The Strategy Committee continues with Dr. Hans-Paul Bürkner as Chairperson together with Jack Clemons as the new Deputy and Vishal Gaur. The Audit Committee remains unchanged with Jack Clemons as Chairperson, Christian Bacherl as Deputy and Vishal Gaur. Announcement • May 23
Nagarro SE, Annual General Meeting, Jun 30, 2025 Nagarro SE, Annual General Meeting, Jun 30, 2025, at 10:00 W. Europe Standard Time. Announcement • May 16
Nagarro Se Proposes Dividend Nagarro SE announced that the Management Board and Supervisory Board of Nagarro SE will, for the first time, propose to the Annual General Meeting the distribution of a dividend of €1.00 per share. The proposed dividend marks an important milestone and underlines the company's long-term value creation strategy. Announcement • Mar 23
Carl Georg Dürschmidt to Resign as Member and Chairperson of the Supervisory Board of Nagarro SE, Effective May 1, 2025 The chairperson of the Supervisory Board of Nagarro SE, Mr. Carl Georg Dürschmidt, has informed the Company of his wish to resign from his office as member and chairperson of the Supervisory Board with effect as of May 1, 2025, i.e., in six weeks and the Supervisory Board and the Management Board have accepted this. The Company will address the succession of Mr. Dürschmidt and propose a suitable successor at the Annual General Meeting on June 25, 2025, in the course of the Supervisory Board elections that are due to take place anyway. Announcement • Jan 23
Nagarro SE Provides Revenue Guidance for the Year 2025 Nagarro SE provided revenue guidance for the year 2025. The company expects revenues of between €1,020 million and €1,080 million for 2025. Price Target Changed • Dec 30
Price target decreased by 7.4% to €112 Down from €121, the current price target is an average from 4 analysts. New target price is 40% above last closing price of €79.95. Stock is down 9.2% over the past year. The company posted earnings per share of €3.87 last year. Reported Earnings • Nov 16
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €246.4m (up 5.1% from 3Q 2023). Net income: €12.8m (up 1.6% from 3Q 2023). Profit margin: 5.2% (down from 5.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in Germany. Announcement • Oct 30
Nagarro SE (XTRA:NA9) acquired Fwd View Limited. Nagarro SE (XTRA:NA9) acquired Fwd View Limited on October 30, 2024.
Nagarro SE (XTRA:NA9) completed the acquisition of Fwd View Limited on October 30, 2024. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €96.15, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the IT industry in Germany. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €153 per share. Announcement • Oct 18
Warburg Pincus Reportedly Weighs Buyout of Nagarro Warburg Pincus LLC is weighing a possible buyout of German IT services company Nagarro SE (XTRA:NA9), people familiar with the matter said, potentially adding to the strong momentum of deal making in the country. The US-based firm is working with advisers on a proposal to take Nagarro private, according to the people, asking not to be identified discussing confidential information. Deliberations are ongoing and Warburg could decide against making an offer, the people said. Other buyout firms have also previously looked at Nagarro, they said. Nagarro is in talks with certain interested parties regarding a potential take-private including a public tender offer, the company said in a statement on October 16, 2024, without identifying the potential suitors. A representative for Warburg declined to comment. Announcement • Oct 17
Nagarro SE Revises Earnings Guidance for the Year 2024 Nagarro SE revised earnings guidance for the year 2024. The company now estimates the total 2024 revenue, calculated at today’s currency exchange rates and not including future acquisitions, to be in the region of €960 million. Price Target Changed • Oct 17
Price target decreased by 9.7% to €110 Down from €121, the current price target is an average from 4 analysts. New target price is 16% above last closing price of €94.35. Stock is up 35% over the past year. The company is forecast to post earnings per share of €4.34 for next year compared to €3.87 last year. Price Target Changed • Sep 06
Price target increased by 11% to €126 Up from €114, the current price target is an average from 3 analysts. New target price is 71% above last closing price of €73.65. Stock is up 15% over the past year. The company is forecast to post earnings per share of €4.66 for next year compared to €3.87 last year. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: €0.91 (vs €0.84 in 2Q 2023) Second quarter 2024 results: EPS: €0.91 (up from €0.84 in 2Q 2023). Revenue: €254.0m (up 12% from 2Q 2023). Net income: €12.0m (up 5.0% from 2Q 2023). Profit margin: 4.7% (down from 5.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Jul 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (72% net debt to equity). Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (5.8% net profit margin). Reported Earnings • May 15
First quarter 2024 earnings released: EPS: €1.24 (vs €1.11 in 1Q 2023) First quarter 2024 results: EPS: €1.24 (up from €1.11 in 1Q 2023). Revenue: €244.9m (up 6.7% from 1Q 2023). Net income: €16.6m (up 9.4% from 1Q 2023). Profit margin: 6.8% (up from 6.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €86.45, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the IT industry in Germany. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €134 per share. Buy Or Sell Opportunity • Apr 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to €69.05. The fair value is estimated to be €87.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has declined by 51%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Reported Earnings • Apr 17
Full year 2023 earnings: Revenues in line with analyst expectations Full year 2023 results: Revenue: €944.6m (up 10% from FY 2022). Net income: €52.1m (down 33% from FY 2022). Profit margin: 5.5% (down from 9.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Mar 03
Nagarro SE, Annual General Meeting, Jun 27, 2024 Nagarro SE, Annual General Meeting, Jun 27, 2024. Buy Or Sell Opportunity • Feb 28
Now 20% undervalued Over the last 90 days, the stock has risen 3.9% to €87.50. The fair value is estimated to be €110, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has declined by 142%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. Buy Or Sell Opportunity • Feb 08
Now 20% undervalued Over the last 90 days, the stock has risen 12% to €86.55. The fair value is estimated to be €108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has declined by 142%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. Buying Opportunity • Nov 19
Now 20% undervalued Over the last 90 days, the stock is up 9.1%. The fair value is estimated to be €101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has declined by 142%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 50% in the next 2 years. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: €0.94 (vs €1.87 in 3Q 2022) Third quarter 2023 results: EPS: €0.94 (down from €1.87 in 3Q 2022). Revenue: €241.2m (up 5.0% from 3Q 2022). Net income: €12.6m (down 51% from 3Q 2022). Profit margin: 5.2% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Germany. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €75.95, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the IT industry in Germany. Total loss to shareholders of 22% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €97.88 per share. New Risk • Nov 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (101% net debt to equity). Share price has been volatile over the past 3 months (6.2% average weekly change). Announcement • Aug 29
Nagarro Launches Cutting-Edge Digital Experience Offering, the Genome AI Platform Nagarro has launched a cutting-edge digital experience offering, the Genome AI platform. This platform promises to revolutionize the way enterprises innovate and personalize digital experiences for their customers. The platform has been built to deliver the customer-facing part of Nagarro's vision of the AI-driven Fluidic Enterprise. It joins Ginger AI, which delivers the employee experience part of the Fluidic Enterprise vision. In today's landscape of digital experiences, the key to brand success lies in enabling personalized offerings and smooth user journeys powered by data and AI technologies. This requires micro-level and nuanced experience analysis, individualized interactions, and real-time performance metrics. Nagarro's Genome AI platform excels in delivering hyper-personalized experiences, smart recommendations, cutting-edge loyalty programs, and versatile enterprise planning solutions. Designed with modularity, the platform accommodates a diverse range of stakeholder needs. Users can either integrate specific modules into their existing cloud infrastructure or deploy them as standalone services. The Genome AI platform equips enterprises with interactive tools for knowledge discovery facilitated through an easily navigable, micro- attributes-based ontology. It also supports collaborative simulations and optimizations, all seamlessly integrated with intuitive, language-based user interfaces. Major Estimate Revision • Aug 21
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €939.6m to €915.0m. EPS estimate also fell from €4.82 per share to €4.03 per share. Net income forecast to shrink 4.3% next year vs 56% growth forecast for IT industry in Germany . Consensus price target down from €135 to €125. Share price fell 3.4% to €73.50 over the past week. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: €0.84 (vs €1.62 in 2Q 2022) Second quarter 2023 results: EPS: €0.84 (down from €1.62 in 2Q 2022). Revenue: €237.5m (up 13% from 2Q 2022). Net income: €11.5m (down 49% from 2Q 2022). Profit margin: 4.8% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Price Target Changed • Aug 14
Price target decreased by 8.4% to €125 Down from €137, the current price target is an average from 4 analysts. New target price is 62% above last closing price of €77.40. Stock is down 38% over the past year. The company is forecast to post earnings per share of €4.23 for next year compared to €5.62 last year. Major Estimate Revision • May 19
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €1.03b to €945.8m. EPS estimate also fell from €5.68 per share to €4.94 per share. Net income forecast to shrink 12% next year vs 30% growth forecast for IT industry in Germany . Consensus price target down from €165 to €137. Share price fell 2.3% to €83.60 over the past week. Price Target Changed • May 15
Price target decreased by 17% to €146 Down from €177, the current price target is an average from 4 analysts. New target price is 71% above last closing price of €85.55. Stock is down 31% over the past year. The company is forecast to post earnings per share of €5.48 for next year compared to €5.62 last year. Reported Earnings • Apr 20
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: €5.62 (up from €2.53 in FY 2021). Revenue: €884.8m (up 62% from FY 2021). Net income: €77.3m (up 158% from FY 2021). Profit margin: 8.7% (up from 5.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.2%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in Germany. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €107, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the IT industry in Germany. Total loss to shareholders of 22% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €78.35 per share. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €107, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the IT industry in Germany. Total loss to shareholders of 14% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €137 per share. Buying Opportunity • Feb 23
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 6.6%. The fair value is estimated to be €138, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 49% in 2 years. Earnings is forecast to grow by 31% in the next 2 years. Announcement • Jan 10
Nagarro SE Provides Earnings Guidance for the Year 2023 Nagarro SE provided earnings guidance for the year 2023. For the year, the company's revenue is expected to be in the region of EUR 1,020 million. Buying Opportunity • Dec 16
Now 22% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be €149, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 49% in 2 years. Earnings is forecast to grow by 31% in the next 2 years. Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: €1.87 (vs €0.96 in 3Q 2021) Third quarter 2022 results: EPS: €1.87 (up from €0.96 in 3Q 2021). Revenue: €229.8m (up 63% from 3Q 2021). Net income: €25.7m (up 132% from 3Q 2021). Profit margin: 11% (up from 7.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in Germany. Major Estimate Revision • Nov 16
Consensus EPS estimates increase by 22% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €827.6m to €859.3m. EPS estimate increased from €4.08 to €5.00 per share. Net income forecast to grow 32% next year vs 28% growth forecast for IT industry in Germany. Consensus price target up from €172 to €177. Share price rose 15% to €117 over the past week. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €96.10, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the IT industry in Germany. Total loss to shareholders of 34% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €141 per share. Buying Opportunity • Aug 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.2%. The fair value is estimated to be €143, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last year. Earnings per share has grown by 64%. Revenue is forecast to grow by 55% in 2 years. Earnings is forecast to grow by 37% in the next 2 years. Major Estimate Revision • Aug 19
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €3.35 to €3.72. Revenue forecast steady at €812.4m. Net income forecast to grow 7.3% next year vs 28% growth forecast for IT industry in Germany. Consensus price target broadly unchanged at €191. Share price fell 4.9% to €120 over the past week. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: €1.62 (vs €0.36 in 2Q 2021) Second quarter 2022 results: EPS: €1.62 (up from €0.36 in 2Q 2021). Revenue: €221.7m (up 74% from 2Q 2021). Net income: €22.3m (up 440% from 2Q 2021). Profit margin: 10.0% (up from 3.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 26%, compared to a 17% growth forecast for the industry in Germany. Buying Opportunity • Jul 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €137, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last year. Earnings per share has declined by 48%. Revenue is forecast to grow by 67% in 2 years. Earnings is forecast to grow by 86% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €95.00, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the IT industry in Germany. Total loss to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €146 per share. Buying Opportunity • Jun 23
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be €145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last year. Earnings per share has declined by 48%. Revenue is forecast to grow by 68% in 2 years. Earnings is forecast to grow by 92% in the next 2 years.