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NEA

Nicolás Correa BME:NEA Stock Report

Last Price

€4.25

Market Cap

€51.5m

7D

-11.1%

1Y

-24.4%

Updated

27 Sep, 2022

Data

Company Financials +
NEA fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends3/6

NEA Stock Overview

Nicolás Correa, S.A. designs, manufactures, and sells milling machines in Spain and internationally.

Nicolás Correa Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nicolás Correa
Historical stock prices
Current Share Price€4.25
52 Week High€6.30
52 Week Low€4.21
Beta0.81
1 Month Change-19.20%
3 Month Change-17.64%
1 Year Change-24.38%
3 Year Change6.52%
5 Year Change56.54%
Change since IPO292.49%

Recent News & Updates

Sep 27
When Should You Buy Nicolás Correa, S.A. (BME:NEA)?

When Should You Buy Nicolás Correa, S.A. (BME:NEA)?

Nicolás Correa, S.A. ( BME:NEA ), is not the largest company out there, but it saw significant share price movement...

Jun 14
Nicolás Correa (BME:NEA) Is Looking To Continue Growing Its Returns On Capital

Nicolás Correa (BME:NEA) Is Looking To Continue Growing Its Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...

Shareholder Returns

NEAES MachineryES Market
7D-11.1%-1.3%-5.1%
1Y-24.4%-49.0%-14.3%

Return vs Industry: NEA exceeded the Spanish Machinery industry which returned -52.7% over the past year.

Return vs Market: NEA underperformed the Spanish Market which returned -15.7% over the past year.

Price Volatility

Is NEA's price volatile compared to industry and market?
NEA volatility
NEA Average Weekly Movement4.0%
Machinery Industry Average Movement5.8%
Market Average Movement3.5%
10% most volatile stocks in ES Market6.4%
10% least volatile stocks in ES Market0.5%

Stable Share Price: NEA is not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NEA's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1947373Maria del Carmen Pinto Fuenteshttps://www.nicolascorrea.com

Nicolás Correa, S.A. designs, manufactures, and sells milling machines in Spain and internationally. It offers bed type, travelling column, bridge type moving table milling, gantry type, and gantry milling machines; and express delivery machines, as well as machines with a T-shaped configuration. The company also designs and manufactures machine welded and machined structures, enclosures, telescopic guards, and other metal parts for the general industry; and manufactures and installs electrical cabinets and boards for the industrial machinery sector.

Nicolás Correa Fundamentals Summary

How do Nicolás Correa's earnings and revenue compare to its market cap?
NEA fundamental statistics
Market Cap€51.50m
Earnings (TTM)€5.58m
Revenue (TTM)€83.91m

9.2x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NEA income statement (TTM)
Revenue€83.91m
Cost of Revenue€38.68m
Gross Profit€45.23m
Other Expenses€39.65m
Earnings€5.58m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.46
Gross Margin53.90%
Net Profit Margin6.65%
Debt/Equity Ratio17.5%

How did NEA perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

43%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is NEA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NEA?

Other financial metrics that can be useful for relative valuation.

NEA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA5.1x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does NEA's PE Ratio compare to its peers?

NEA PE Ratio vs Peers
The above table shows the PE ratio for NEA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.3x
NBI NBI Bearings Europe
37.4xn/a€56.6m
AZK Azkoyen
10xn/a€141.4m
FDR Fluidra
12x3.4%€2.9b
GALQ General de Alquiler de Maquinaria
17.7x54.7%€104.1m
NEA Nicolás Correa
9.2x15.4%€51.5m

Price-To-Earnings vs Peers: NEA is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (19.3x).


Price to Earnings Ratio vs Industry

How does NEA's PE Ratio compare vs other companies in the European Machinery Industry?

Price-To-Earnings vs Industry: NEA is good value based on its Price-To-Earnings Ratio (9.2x) compared to the European Machinery industry average (13.9x)


Price to Earnings Ratio vs Fair Ratio

What is NEA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NEA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ratio12.4x

Price-To-Earnings vs Fair Ratio: NEA is good value based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (12.4x).


Share Price vs Fair Value

What is the Fair Price of NEA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NEA (€4.25) is trading below our estimate of fair value (€11.41)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NEA's forecast earnings growth (15.4% per year) is above the savings rate (0.9%).

Earnings vs Market: NEA's earnings (15.4% per year) are forecast to grow faster than the Spanish market (11.7% per year).

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

Revenue vs Market: NEA's revenue (5.6% per year) is forecast to grow faster than the Spanish market (3.7% per year).

High Growth Revenue: NEA's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NEA's Return on Equity is forecast to be low in 3 years time (11.1%).


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Past Performance

How has Nicolás Correa performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NEA has high quality earnings.

Growing Profit Margin: NEA's current net profit margins (6.6%) are lower than last year (8.3%).


Past Earnings Growth Analysis

Earnings Trend: NEA's earnings have grown by 2.4% per year over the past 5 years.

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

Earnings vs Industry: NEA had negative earnings growth (-5.4%) over the past year, making it difficult to compare to the Machinery industry average (4.6%).


Return on Equity

High ROE: NEA's Return on Equity (9.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Nicolás Correa's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NEA's short term assets (€77.8M) exceed its short term liabilities (€47.9M).

Long Term Liabilities: NEA's short term assets (€77.8M) exceed its long term liabilities (€9.1M).


Debt to Equity History and Analysis

Debt Level: NEA has more cash than its total debt.

Reducing Debt: NEA's debt to equity ratio has reduced from 50.6% to 17.5% over the past 5 years.

Debt Coverage: NEA's debt is well covered by operating cash flow (54.5%).

Interest Coverage: NEA's interest payments on its debt are well covered by EBIT (22.3x coverage).


Balance Sheet


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Dividend

What is Nicolás Correa current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.71%

Current Dividend Yield

Dividend Yield vs Market

Nicolás Correa Dividend Yield vs Market
How does Nicolás Correa dividend yield compare to the market?
SegmentDividend Yield
Company (Nicolás Correa)4.7%
Market Bottom 25% (ES)2.3%
Market Top 25% (ES)6.1%
Industry Average (Machinery)5.2%
Analyst forecast in 3 Years (Nicolás Correa)4.2%

Notable Dividend: NEA's dividend (4.71%) is higher than the bottom 25% of dividend payers in the Spanish market (2.3%).

High Dividend: NEA's dividend (4.71%) is low compared to the top 25% of dividend payers in the Spanish market (6.04%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, NEA has been paying a dividend for less than 10 years.

Growing Dividend: NEA's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.5%), NEA's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (81.2%), NEA's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

22.3yrs

Average board tenure


CEO

Maria del Carmen Pinto Fuentes

no data

Tenure

€76,000

Compensation

Ms. Maria del Carmen Pinto Fuentes serves as Managing Director, Chief Executive Officer and Executive Director of Nicolás Correa, S.A.


CEO Compensation Analysis

Maria del Carmen Pinto Fuentes's Compensation vs Nicolás Correa Earnings
How has Maria del Carmen Pinto Fuentes's remuneration changed compared to Nicolás Correa's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

€6m

Mar 31 2022n/an/a

€6m

Dec 31 2021n/an/a

€6m

Sep 30 2021n/an/a

€6m

Jun 30 2021n/an/a

€6m

Mar 31 2021n/an/a

€6m

Dec 31 2020n/an/a

€6m

Sep 30 2020n/an/a

€6m

Jun 30 2020n/an/a

€7m

Mar 31 2020n/an/a

€8m

Dec 31 2019n/an/a

€8m

Sep 30 2019n/an/a

€9m

Jun 30 2019n/an/a

€10m

Mar 31 2019n/an/a

€9m

Dec 31 2018n/an/a

€8m

Sep 30 2018n/an/a

€7m

Jun 30 2018n/an/a

€5m

Mar 31 2018n/an/a

€5m

Dec 31 2017n/an/a

€2m

Sep 30 2017n/an/a

€4m

Jun 30 2017n/an/a

€5m

Mar 31 2017n/an/a

€3m

Dec 31 2016n/an/a

€4m

Sep 30 2016n/an/a

€1m

Jun 30 2016n/an/a

-€408k

Mar 31 2016n/an/a

€670k

Dec 31 2015€76k€63k

€1m

Compensation vs Market: Insufficient data to establish whether Maria del Carmen's total compensation is reasonable compared to companies of similar size in the Spanish market.

Compensation vs Earnings: Insufficient data to compare Maria del Carmen's compensation with company performance.


Board Members

Experienced Board: NEA's board of directors are seasoned and experienced ( 22.3 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

What is the ownership structure of NEA?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders533,3104.4%
Institutions896,9447.4%
Private Companies4,319,51035.6%
General Public6,367,91852.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 13 shareholders own 47.45% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
29.49%
Mepro-Outremer SA
3,573,036€15.2m0%no data
5.52%
Beraunberri, S.L.
668,879€2.8m0%no data
5.45%
Onchena, S.L.
660,171€2.8m0%3.55%
2.84%
Ana María Nicolás-Correa Barragán
343,634€1.5m0%no data
1.21%
Maria del Carmen Pinto Fuentes
146,568€622.9k0%no data
1.1%
Santander Asset Management, S.A., S.G.I.I.C.
133,891€569.0k0%no data
0.52%
GVC Gaesco Gestión SGIIC, S.A.
63,389€269.4k0%0.05%
0.51%
Inversiones Oranda, S.L.
61,583€261.7k0%no data
0.36%
Felipe Oriol Díaz de Bustamante
43,108€183.2k0%no data
0.17%
Attitude Gestion, S.G.I.I.C., S.A.
20,083€85.4k0%0.63%
0.15%
Gescooperativo S.A. SGIIC
17,991€76.5k0%0.01%
0.13%
Nicolas Correa Service SA
16,012€68.1k0%no data
0.012%
KONTOR STÖWER Asset Management GmbH
1,419€6.0k0%no data

Company Information

Nicolás Correa, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Nicolás Correa, S.A.
  • Ticker: NEA
  • Exchange: BME
  • Founded: 1947
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: €51.500m
  • Shares outstanding: 12.12m
  • Website: https://www.nicolascorrea.com

Number of Employees


Location

  • Nicolás Correa, S.A.
  • Alcalde MartIn Cobos 16A
  • Burgos
  • Castile and León
  • 9007
  • Spain


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NEABME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJan 1992
0FDNLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
NEAEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.