milling, gantry type milling, and top gantry type milling machines; and express delivery machines, as well as machines with a T-shaped configuration.
Flawless balance sheet and undervalued.
Share Price & News
How has Nicolás Correa's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NEA's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NEA exceeded the Spanish Machinery industry which returned -22.8% over the past year.
Return vs Market: NEA exceeded the Spanish Market which returned -25.3% over the past year.
Price Volatility Vs. Market
How volatile is Nicolás Correa's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StCan We See Significant Institutional Ownership On The Nicolás Correa, S.A. (BME:NEA) Share Register?
3 weeks ago | Simply Wall StHow Does Nicolás Correa's (BME:NEA) P/E Compare To Its Industry, After The Share Price Drop?
1 month ago | Simply Wall StNicolás Correa (BME:NEA) Seems To Use Debt Rather Sparingly
Is Nicolás Correa undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NEA (€3.84) is trading below our estimate of fair value (€6.03)
Significantly Below Fair Value: NEA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NEA is good value based on its PE Ratio (5.9x) compared to the Machinery industry average (19.7x).
PE vs Market: NEA is good value based on its PE Ratio (5.9x) compared to the Spanish market (13.9x).
Price to Earnings Growth Ratio
PEG Ratio: NEA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NEA is good value based on its PB Ratio (0.9x) compared to the ES Machinery industry average (1.3x).
How is Nicolás Correa forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NEA's earnings are forecast to decline over the next 3 years (-7.1% per year).
Earnings vs Market: NEA's earnings are forecast to decline over the next 3 years (-7.1% per year).
High Growth Earnings: NEA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NEA's revenue (3.4% per year) is forecast to grow slower than the Spanish market (4.2% per year).
High Growth Revenue: NEA's revenue (3.4% 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 (11.7%).
How has Nicolás Correa performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NEA has high quality earnings.
Growing Profit Margin: NEA's current net profit margins (10.8%) are lower than last year (10.9%).
Past Earnings Growth Analysis
Earnings Trend: NEA's earnings have grown significantly by 41.2% per year over the past 5 years.
Accelerating Growth: NEA's earnings growth over the past year (2.8%) is below its 5-year average (41.2% per year).
Earnings vs Industry: NEA earnings growth over the past year (2.8%) exceeded the Machinery industry -3.6%.
Return on Equity
High ROE: NEA's Return on Equity (15.3%) is considered low.
How is Nicolás Correa's financial position?
Financial Position Analysis
Short Term Liabilities: NEA's short term assets (€50.1M) exceed its short term liabilities (€26.8M).
Long Term Liabilities: NEA's short term assets (€50.1M) exceed its long term liabilities (€7.6M).
Debt to Equity History and Analysis
Debt Level: NEA's debt to equity ratio (15.1%) is considered satisfactory.
Reducing Debt: NEA's debt to equity ratio has reduced from 52% to 15.1% over the past 5 years.
Debt Coverage: NEA's debt is well covered by operating cash flow (94.3%).
Interest Coverage: NEA's interest payments on its debt are well covered by EBIT (43.5x coverage).
Inventory Level: NEA has a high level of physical assets or inventory.
Debt Coverage by Assets: NEA's debt is covered by short term assets (assets are 6.2x debt).
What is Nicolás Correa's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NEA's dividend (3.91%) is higher than the bottom 25% of dividend payers in the Spanish market (3.01%).
High Dividend: NEA's dividend (3.91%) is low compared to the top 25% of dividend payers in the Spanish market (8.05%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether NEA's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if NEA's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.9%), NEA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NEA's dividends in 3 years are forecast to be well covered by earnings (30.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Nicolás Correa has no CEO, or we have no data on them.
|MD & Executive Director||no data||€76.00k||0.77% €359.4k|
|Secretary & Director||19.83yrs||€49.00k||2.76% €1.3m|
|Deputy Secretary & Proprietary Director||no data||no data||no data|
|Independent Director||no data||no data||no data|
|External Director||14.83yrs||€32.00k||0.35% €165.5k|
|Independent Director||no data||no data||no data|
Experienced Board: NEA's board of directors are seasoned and experienced ( 19.8 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nicolás Correa, S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Nicolás Correa, S.A.
- Ticker: NEA
- Exchange: BME
- Founded: 1947
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: €46.766m
- Shares outstanding: 12.18m
- Website: https://www.nicolascorrea.com
Number of Employees
- Nicolás Correa, S.A.
- Alcalde Martín Cobos, 16A
- Castile and León
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NEA||BME (Bolsas y Mercados Espanoles)||Yes||Ordinary Shares||ES||EUR||Jan 1992|
|0FDN||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|NEAE||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 1992|
milling, gantry type milling, and top gantry type milling machines; and express delivery machines, as well as machines with a T-shaped configuration. In addition, it provides applications engineering services; and after-sales services. The company serves the aeronautic, automotive, railway, wind energy, capital goods, energy, military, general machining, and oil and gas industries. Nicolás Correa, S.A. was founded in 1947 and is based in Burgos, Spain.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 20:53|
|End of Day Share Price||2020/04/01 00:00|
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.