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Nicolás Correa

BME:NEA
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NEA
BME
€52M
Market Cap
  1. Home
  2. ES
  3. Capital Goods
Company description

Nicolás Correa, S.A. designs, manufactures, and sells milling machines worldwide. The last earnings update was 53 days ago. More info.


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NEA Share Price and Events
7 Day Returns
5.7%
BME:NEA
-1.1%
ES Machinery
1.2%
ES Market
1 Year Returns
8.1%
BME:NEA
-11%
ES Machinery
-1.9%
ES Market
NEA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nicolás Correa (NEA) 5.7% 0% 13.9% 8.1% 164% 165.6%
ES Machinery -1.1% 1.5% 8.2% -11% 17.4% -2%
ES Market 1.2% 3.5% 5.9% -1.9% 6.3% -9.4%
1 Year Return vs Industry and Market
  • NEA outperformed the Machinery industry which returned -11% over the past year.
  • NEA outperformed the Market in Spain which returned -1.9% over the past year.
Price Volatility
NEA
Industry
5yr Volatility vs Market

NEA Value

 Is Nicolás Correa undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nicolás Correa to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nicolás Correa.

BME:NEA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.7%
Perpetual Growth Rate 10-Year ES Government Bond Rate 1.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BME:NEA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ES Govt Bond Rate 1.5%
Equity Risk Premium S&P Global 8.2%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 25%) (14.26%))
1.121
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.53% + (1.121 * 8.18%)
10.7%

Discounted Cash Flow Calculation for BME:NEA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nicolás Correa is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BME:NEA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.7%)
2019 5.30 Analyst x1 4.79
2020 6.00 Analyst x1 4.90
2021 6.00 Analyst x1 4.42
2022 6.03 Est @ 0.46% 4.01
2023 6.07 Est @ 0.78% 3.65
2024 6.14 Est @ 1% 3.33
2025 6.21 Est @ 1.16% 3.05
2026 6.29 Est @ 1.27% 2.79
2027 6.37 Est @ 1.35% 2.55
2028 6.46 Est @ 1.4% 2.34
Present value of next 10 years cash flows €35.83
BME:NEA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €6.46 × (1 + 1.53%) ÷ (10.7% – 1.53%)
€71.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €71.49 ÷ (1 + 10.7%)10
€25.87
BME:NEA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €35.83 + €25.87
€61.70
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €61.70 / 12.26
€5.03
BME:NEA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €5.03
Current discount Discount to share price of €4.25
= -1 x (€4.25 - €5.03) / €5.03
15.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Nicolás Correa is available for.
Intrinsic value
16%
Share price is €4.25 vs Future cash flow value of €5.03
Current Discount Checks
For Nicolás Correa to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nicolás Correa's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Nicolás Correa's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nicolás Correa's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nicolás Correa's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BME:NEA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.64
BME:NEA Share Price ** BME (2019-04-18) in EUR €4.25
Spain Machinery Industry PE Ratio Median Figure of 6 Publicly-Listed Machinery Companies 22.52x
Spain Market PE Ratio Median Figure of 132 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nicolás Correa.

BME:NEA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:NEA Share Price ÷ EPS (both in EUR)

= 4.25 ÷ 0.64

6.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nicolás Correa is good value based on earnings compared to the ES Machinery industry average.
  • Nicolás Correa is good value based on earnings compared to the Spain market.
Price based on expected Growth
Does Nicolás Correa's expected growth come at a high price?
Raw Data
BME:NEA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-3.2%per year
Europe Machinery Industry PEG Ratio Median Figure of 121 Publicly-Listed Machinery Companies 1.94x
Spain Market PEG Ratio Median Figure of 75 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

BME:NEA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.66x ÷ -3.2%

-2.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nicolás Correa earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nicolás Correa's assets?
Raw Data
BME:NEA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €3.84
BME:NEA Share Price * BME (2019-04-18) in EUR €4.25
Spain Machinery Industry PB Ratio Median Figure of 7 Publicly-Listed Machinery Companies 1.97x
Spain Market PB Ratio Median Figure of 180 Publicly-Listed Companies 1.84x
BME:NEA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:NEA Share Price ÷ Book Value per Share (both in EUR)

= 4.25 ÷ 3.84

1.11x

* Primary Listing of Nicolás Correa.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nicolás Correa is good value based on assets compared to the ES Machinery industry average.
X
Value checks
We assess Nicolás Correa's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Nicolás Correa has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NEA Future Performance

 How is Nicolás Correa expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nicolás Correa expected to grow at an attractive rate?
  • Nicolás Correa's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.5%.
Growth vs Market Checks
  • Nicolás Correa's earnings are expected to decrease over the next 1-3 years, this is below the Spain market average.
  • Nicolás Correa's revenue growth is positive but not above the Spain market average.
Annual Growth Rates Comparison
Raw Data
BME:NEA Future Growth Rates Data Sources
Data Point Source Value (per year)
BME:NEA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -3.2%
BME:NEA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.4%
Spain Machinery Industry Earnings Growth Rate Market Cap Weighted Average 24.5%
Spain Machinery Industry Revenue Growth Rate Market Cap Weighted Average 8.3%
Spain Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Spain Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BME:NEA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BME:NEA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 80 9 7 1
2020-12-31 77 9 7 1
2019-12-31 75 9 7 1
BME:NEA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 72 7 8
2018-09-30 70 7
2018-06-30 64 11 5
2018-03-31 63 5
2017-12-31 58 4 2
2017-09-30 62 4
2017-06-30 66 3 5
2017-03-31 59 3
2016-12-31 60 4 4
2016-09-30 56 1
2016-06-30 50 3 0
2016-03-31 55 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nicolás Correa's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Nicolás Correa's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BME:NEA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Nicolás Correa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:NEA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.56 0.56 0.56 1.00
2020-12-31 0.56 0.56 0.56 1.00
2019-12-31 0.55 0.55 0.55 1.00
BME:NEA Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.64
2018-09-30 0.54
2018-06-30 0.45
2018-03-31
2017-12-31 0.18
2017-09-30
2017-06-30 0.36
2017-03-31
2016-12-31 0.34
2016-09-30
2016-06-30 -0.03
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Nicolás Correa is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nicolás Correa's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Spain market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Spain market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nicolás Correa has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NEA Past Performance

  How has Nicolás Correa performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nicolás Correa's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nicolás Correa has delivered over 20% year on year earnings growth in the past 5 years.
  • Nicolás Correa's 1-year earnings growth exceeds its 5-year average (250% vs 51.4%)
  • Nicolás Correa's earnings growth has exceeded the ES Machinery industry average in the past year (250% vs 12.3%).
Earnings and Revenue History
Nicolás Correa's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nicolás Correa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:NEA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 71.81 7.83 18.90
2018-09-30 70.23 6.59 32.08
2018-06-30 64.13 5.39 16.91
2018-03-31 63.13 5.04 18.45
2017-12-31 58.41 2.24 18.45
2017-09-30 62.38 4.22 18.28
2017-06-30 66.04 4.66 18.87
2017-03-31 58.74 2.71 18.28
2016-12-31 59.66 4.11 18.28
2016-09-30 55.74 1.48 17.61
2016-06-30 49.92 -0.41 18.11
2016-03-31 55.29 0.67 17.61
2015-12-31 56.24 1.36 17.61
2015-09-30 59.43 1.71 16.63
2015-06-30 57.01 1.71 17.50
2015-03-31 60.02 2.52 15.27
2014-12-31 55.73 1.35 16.63
2014-09-30 51.23 0.28 16.26
2014-06-30 50.97 -0.28 16.23
2014-03-31 50.55 -1.23 16.26
2013-12-31 55.79 -0.08 16.26
2013-09-30 45.95 -3.31 16.06
2013-06-30 44.40 -3.85 16.74
2013-03-31 37.01 -5.03 16.06
2012-12-31 31.74 -7.09 16.06
2012-09-30 45.99 -2.71 18.77
2012-06-30 50.90 -1.60 16.51

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Nicolás Correa has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nicolás Correa used its assets more efficiently than the ES Machinery industry average last year based on Return on Assets.
  • Nicolás Correa has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nicolás Correa's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nicolás Correa has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NEA Health

 How is Nicolás Correa's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nicolás Correa's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nicolás Correa is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nicolás Correa's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nicolás Correa's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 6.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nicolás Correa Company Filings, last reported 3 months ago.

BME:NEA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 47.92 7.43 5.92
2018-09-30 47.92 7.43 5.92
2018-06-30 41.79 9.76 4.99
2018-03-31 40.38 10.84
2017-12-31 40.11 11.69 3.45
2017-09-30 38.31 20.78
2017-06-30 36.46 18.60 3.40
2017-03-31 35.39 19.14
2016-12-31 37.82 15.15 2.89
2016-09-30 37.42 23.59
2016-06-30 35.29 21.55 3.35
2016-03-31 36.23 18.92
2015-12-31 37.68 18.18 3.45
2015-09-30 36.56 23.16
2015-06-30 36.45 22.66 2.73
2015-03-31 36.34 20.85
2014-12-31 36.07 19.60 3.10
2014-09-30 33.40 24.54 3.96
2014-06-30 33.40 24.54 3.96
2014-03-31 32.21 23.58
2013-12-31 34.09 24.42 3.70
2013-09-30 33.69 21.79
2013-06-30 34.17 23.19 1.50
2013-03-31 34.07 21.71
2012-12-31 34.41 24.66 3.28
2012-09-30 37.21 24.45
2012-06-30 38.20 25.16 3.64
  • Nicolás Correa's level of debt (15.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (71.7% vs 15.5% today).
  • Debt is well covered by operating cash flow (97.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 27.8x coverage).
X
Financial health checks
We assess Nicolás Correa's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nicolás Correa has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NEA Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Nicolás Correa dividends. Estimated to be 4% next year.
If you bought €2,000 of Nicolás Correa shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Nicolás Correa's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Nicolás Correa's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BME:NEA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Machinery Industry Average Dividend Yield Market Cap Weighted Average of 141 Stocks 2.5%
Spain Market Average Dividend Yield Market Cap Weighted Average of 75 Stocks 4.3%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.1%
Spain Bottom 25% Dividend Yield 25th Percentile 1.9%
Spain Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BME:NEA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.17 1.00
2020-12-31 0.17 1.00
2019-12-31 0.17 1.00
BME:NEA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2010-08-30 0.000 0.000
2010-05-14 0.000 0.000
2010-02-26 0.000 0.000
2010-01-04 0.000 0.000
2009-11-13 0.000 0.000
2009-08-31 0.000 0.000
2009-05-15 0.000 0.000
2009-04-23 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Nicolás Correa has not reported any payouts.
  • Unable to verify if Nicolás Correa's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Nicolás Correa's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Nicolás Correa has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess Nicolás Correa's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nicolás Correa afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nicolás Correa has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NEA Management

 What is the CEO of Nicolás Correa's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Nicolás Correa has no CEO, or we have no data on them.
Management Team

José Ignacio Nicolás-Correa Barragán

TITLE
Chairman & President
COMPENSATION
€231K

Carmen Fuentes

TITLE
MD & Executive Director
COMPENSATION
€76K

Ana Barragán

TITLE
Secretary & Director
COMPENSATION
€49K

Vicky Pascual

TITLE
Chief Financial Officer

Javier Hernando

TITLE
Chief Technology Officer

Raquel Gutiérrez

TITLE
Chief Economic and Administrative Officer

Javier García

TITLE
Chief Marketing Officer and Chief Application Officer

Julio Merino

TITLE
Chief After Sale Services Officer

Mario Villamudria

TITLE
Chief Human Resources Manager

Andima Laskurain

TITLE
Chief Intellectual Property Officer
Board of Directors Tenure

Average tenure of the Nicolás Correa board of directors in years:

18.8
Average Tenure
  • The average tenure for the Nicolás Correa board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

José Ignacio Nicolás-Correa Barragán

TITLE
Chairman & President
COMPENSATION
€231K
TENURE
49.8 yrs

Carmen Fuentes

TITLE
MD & Executive Director
COMPENSATION
€76K

Ana Barragán

TITLE
Secretary & Director
COMPENSATION
€49K
TENURE
18.8 yrs

Bibiana Vilches

TITLE
Assistant Secretary & Proprietary Director

Alfredo Abad

TITLE
Independent Director

Felipe Oriol Díaz de Bustamante

TITLE
External Director
COMPENSATION
€32K
TENURE
13.8 yrs

Joo Kim Hyeong

TITLE
Director

Rafael Miranda Robredo

TITLE
Independent Director
AGE
69
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Nicolás Correa insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Mar 19 Buy Felipe Oriol Díaz de Bustamante Individual 18. Mar 19 18. Mar 19 1,828 €4.10 €7,495
20. Mar 19 Buy Felipe Oriol Díaz de Bustamante Individual 12. Mar 19 12. Mar 19 3,000 €4.31 €12,930
21. Jan 19 Buy Ana Barragán Individual 15. Jan 19 18. Jan 19 30,000 €3.60 €105,885
28. Dec 18 Buy Ana Barragán Individual 21. Dec 18 24. Dec 18 30,000 €3.50 €104,006
17. Oct 18 Buy Felipe Oriol Díaz de Bustamante Individual 11. Oct 18 11. Oct 18 5,606 €3.35 €18,780
04. Oct 18 Buy Felipe Oriol Díaz de Bustamante Individual 28. Sep 18 03. Oct 18 12,000 €3.68 €42,229
04. Oct 18 Buy Ana Barragán Individual 02. Oct 18 02. Oct 18 8,000 €3.49 €27,920
18. Sep 18 Buy Ana Barragán Individual 17. Sep 18 17. Sep 18 8,000 €3.75 €30,000
03. Aug 18 Buy Felipe Oriol Díaz de Bustamante Individual 30. Jul 18 31. Jul 18 12,000 €3.99 €47,794
17. Jul 18 Buy Ana Barragán Individual 12. Jul 18 12. Jul 18 9,000 €4.03 €36,270
17. Jul 18 Sell Mepro-Outremer SA Company 11. Jul 18 12. Jul 18 -6,302 €4.06 €-25,559
17. Jul 18 Buy Mepro-Outremer SA Company 11. Jul 18 11. Jul 18 45,000 €3.98 €179,100
17. Jul 18 Buy Maria Pinto Fuentes Individual 11. Jul 18 11. Jul 18 9,917 €4.00 €39,668
17. Jul 18 Sell José Ignacio Nicolás-Correa Barragán Individual 11. Jul 18 12. Jul 18 -6,302 €4.06 €-25,559
17. Jul 18 Buy José Ignacio Nicolás-Correa Barragán Individual 11. Jul 18 11. Jul 18 45,000 €3.98 €179,100
12. Jul 18 Buy Mepro-Outremer SA Company 06. Jul 18 10. Jul 18 200,000 €4.20 €836,339
31. May 18 Buy José Ignacio Nicolás-Correa Barragán Individual 21. May 18 23. May 18 25,000 €4.02 €99,378
25. May 18 Buy Mepro-Outremer SA Company 21. May 18 23. May 18 25,000 €4.02 €99,378
X
Management checks
We assess Nicolás Correa's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nicolás Correa has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NEA News

Simply Wall St News

How Did Nicolás Correa SA's (BME:NEA) 13% ROE Fare Against The Industry?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Nicolás Correa SA (BME:NEA). … That means that for every €1 worth of shareholders' equity, it generated €0.13 in profit.

Simply Wall St -

Did Nicolás Correa SA's (BME:NEA) Recent Earnings Growth Beat The Trend?

When Nicolás Correa SA (BME:NEA) released its most recent earnings update (30 June 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Nicolás Correa's average earnings over the past couple of years, and its industry performance. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 60%, indicating the rate at which NEA is growing has slowed down

Simply Wall St -

Is Nicolás Correa SA's (BME:NEA) 12.84% ROE Strong Compared To Its Industry?

This analysis is intended to introduce important early concepts to people who are starting to invest. … and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Check out our latest analysis for Nicolás Correa

Simply Wall St -

Interested In Nicolás Correa SA (BME:NEA)? Here's What Its Recent Performance Looks Like

When Nicolás Correa SA (BME:NEA) released its most recent earnings update (31 March 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … How NEA fared against its long-term earnings performance and its industry … NEA's trailing twelve-month earnings (from 31 March 2018) of €5.04m has

Simply Wall St -

June Fundamental Stock Pick: Nicolás Correa SA (BME:NEA)

Nicolás Correa SA (BME:NEA) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … For those interested in understanding where the figures come from and want to see the analysis,

Simply Wall St -

Understanding Your Return On Investment In Nicolás Correa SA. (BME:NEA)

View our latest analysis for Nicolás Correa Nicolás Correa's Return On Capital Employed You only have a finite amount of capital to invest, so there are only so many companies that you can add to your portfolio. … To determine Nicolás Correa's capital return we will use ROCE, which tells us how much the company makes from the capital employed in their operations (for things like machinery, wages etc). … With this, the current earnings of €1.88M improved from €1.25M and capital employed has deteriorated because of a decline in total assets , which is an indication that Nicolás Correa has increased the ROCE for investors by producing more earnings and using less capital.

Simply Wall St -

Who Are The Top Investors In Nicolás Correa SA. (BME:NEA)?

Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Another important group of owners for potential investors in NEA are private companies that hold a stake of 30.34% in NEA.

Simply Wall St -

How Nicolás Correa SA. (BME:NEA) Can Impact Your Portfolio Volatility

View our latest analysis for Nicolás Correa An interpretation of NEA's beta Nicolás Correa has a beta of 1.78, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements. … NEA, with its market capitalisation of €47.00M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

Should You Be Tempted To Buy Nicolás Correa SA. (BME:NEA) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for NEA Price per share = €3.98 Earnings per share = €0.183 ∴ Price-Earnings Ratio = €3.98 ÷ €0.183 = 21.8x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared higher growth firms with NEA, then NEA’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. … Alternatively, if you inadvertently compared less risky firms with NEA, NEA’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well.

Simply Wall St -

Nicolás Correa SA. (BME:NEA): Does The Earnings Decline Make It An Underperformer?

View our latest analysis for Nicolás Correa Was NEA's recent earnings decline indicative of a tough track record? … For Nicolás Correa, its latest trailing-twelve-month earnings is €2.24M, which, in comparison to the previous year's figure, has plunged by a non-trivial -45.56%. … This shows that, in the recent industry expansion, Nicolás Correa has not been able to reap as much as its industry peers.What does this mean?

Simply Wall St -

NEA Company Info

Description

Nicolás Correa, S.A. designs, manufactures, and sells milling machines worldwide. It offers bed type, floor type, travelling column, bridge type, moving table milling, and gantry type 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. 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.

Details
Name: Nicolás Correa, S.A.
NEA
Exchange: BME
Founded: 1947
€52,111,353
12,261,495
Website: http://www.nicolascorrea.com
Address: Nicolás Correa, S.A.
Alcalde Martín Cobos, 16A,
Burgos,
Castile and León, 09007,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME NEA Ordinary Shares Bolsas y Mercados Espanoles ES EUR 02. Jan 1992
LSE 0FDN Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE NEAE Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
350
Nicolás Correa employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 20:51
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/11
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.