Announcement • Apr 29
Nicolás Correa, S.A. announces Annual dividend, payable on May 08, 2026 Nicolás Correa, S.A. announced Annual dividend of EUR 0.2430 per share payable on May 08, 2026, ex-date on May 06, 2026 and record date on May 07, 2026. Major Estimate Revision • Apr 10
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €121.1m to €114.4m. EPS estimate also fell from €0.926 per share to €0.75 per share. Net income forecast to shrink 23% next year vs 23% growth forecast for Machinery industry in Spain . Consensus price target of €11.00 unchanged from last update. Share price rose 5.7% to €10.55 over the past week. New Risk • Apr 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Announcement • Mar 19
Nicolás Correa, S.A., Annual General Meeting, Apr 27, 2026 Nicolás Correa, S.A., Annual General Meeting, Apr 27, 2026. Location: calle alcalde martin cobos 16-a, burgos., Spain New Risk • Mar 17
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 Spanish stocks, typically moving 4.8% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.8% average weekly change). New Risk • Mar 10
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jan 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.3% to €9.66. The fair value is estimated to be €12.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 5.5% in 2 years. Earnings are forecast to decline by 5.8% in the next 2 years. Buy Or Sell Opportunity • Nov 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.5% to €9.70. The fair value is estimated to be €12.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 5.5% in 2 years. Earnings are forecast to decline by 5.8% in the next 2 years. New Risk • Sep 24
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 Spanish stocks, typically moving 4.4% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jun 27
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at €10.55. The fair value is estimated to be €13.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are forecast to decline by 1.1% per annum over the same time period. New Risk • Jun 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). Buy Or Sell Opportunity • Jun 12
Now 21% undervalued Over the last 90 days, the stock has risen 16% to €11.10. The fair value is estimated to be €14.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 10% in the next 2 years. Upcoming Dividend • May 29
Upcoming dividend of €0.24 per share Eligible shareholders must have bought the stock before 05 June 2025. Payment date: 09 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Spanish dividend payers (5.0%). In line with average of industry peers (2.8%). New Risk • Mar 26
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 Spanish stocks, typically moving 4.6% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 04
Full year 2024 earnings released: EPS: €1.13 (vs €0.87 in FY 2023) Full year 2024 results: EPS: €1.13 (up from €0.87 in FY 2023). Revenue: €121.6m (up 11% from FY 2023). Net income: €13.7m (up 30% from FY 2023). Profit margin: 11% (up from 9.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Machinery industry in Spain. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 27
Price target increased by 10% to €11.00 Up from €10.00, the current price target is provided by 1 analyst. New target price is 28% above last closing price of €8.60. Stock is up 38% over the past year. The company is forecast to post earnings per share of €1.03 for next year compared to €0.87 last year. Upcoming Dividend • Apr 26
Upcoming dividend of €0.22 per share Eligible shareholders must have bought the stock before 03 May 2024. Payment date: 06 May 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Spanish dividend payers (5.9%). Higher than average of industry peers (2.9%). New Risk • Dec 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€77.3m market cap, or US$84.1m). New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€71.9m market cap, or US$77.9m). Price Target Changed • Aug 09
Price target increased by 23% to €10.00 Up from €8.10, the current price target is provided by 1 analyst. New target price is 72% above last closing price of €5.80. Stock is up 16% over the past year. The company is forecast to post earnings per share of €0.66 for next year compared to €0.75 last year. Buying Opportunity • Jul 04
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 €7.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings is also forecast to grow by 7.4% per annum over the same time period. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: €0.75 (vs €0.46 in FY 2021) Full year 2022 results: EPS: €0.75 (up from €0.46 in FY 2021). Revenue: €98.2m (up 28% from FY 2021). Net income: €9.04m (up 62% from FY 2021). Profit margin: 9.2% (up from 7.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.1% p.a. on average during the next 2 years, while revenues in the Machinery industry in Spain are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). External Director Felipe Oriol Díaz de Bustamante was the last director to join the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 02
First half 2022 earnings released: EPS: €0.22 (vs €0.22 in 1H 2021) First half 2022 results: EPS: €0.22 (vs €0.22 in 1H 2021). Revenue: €45.2m (up 19% from 1H 2021). Net income: €2.68m (flat on 1H 2021). Profit margin: 5.9% (down from 7.1% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.7%, compared to a 2.2% growth forecast for the Machinery industry in Spain. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jul 06
Nicolás Correa, S.A. (BME:NEA) completed acquisition of 88% stake in Nc Service Milling Machines from Inmobiopres Holding, S.A.. Nicolás Correa, S.A. (BME:NEA) agreed to acquire 88% stake in Nc Service Milling Machines from Inmobiopres Holding, S.A. for €2.42 million on May 17, 2022. The closing of the transaction is subject to compliance with the suspensive condition that the operation be approved at the general meeting of shareholders of Inmobiopres Holding. The transaction is approved by the Board of Directors of Nicolás Correa. Transaction is expected to be completed in July 2022.
Nicolás Correa, S.A. (BME:NEA) completed acquisition of 88% stake in Nc Service Milling Machines from Inmobiopres Holding, S.A. July 4, 2022. Announcement • May 20
Nicolás Correa, S.A. (BME:NEA) agreed to acquire 88% stake in Nc Service Milling Machines from Inmobiopres Holding, S.A. for €2.42 million. Nicolás Correa, S.A. (BME:NEA) agreed to acquire 88% stake in Nc Service Milling Machines from Inmobiopres Holding, S.A. for €2.42 million on May 18, 2022. The closing of the transaction is subject to compliance with the suspensive condition that the operation be approved at the general meeting of shareholders of Inmobiopres Holding. Transaction is expected to be completed in July 2022. Price Target Changed • Apr 27
Price target increased to €8.10 Up from €7.25, the current price target is an average from 2 analysts. New target price is 39% above last closing price of €5.82. Stock is up 18% over the past year. The company is forecast to post earnings per share of €0.56 for next year compared to €0.46 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). External Director Felipe Oriol Díaz de Bustamante was the last director to join the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 04
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: €0.46 (down from €0.47 in FY 2020). Revenue: €78.2m (up 18% from FY 2020). Net income: €5.57m (down 3.3% from FY 2020). Profit margin: 7.1% (down from 8.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 8.1%, compared to a 7.0% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Sep 05
First half 2021 earnings released: EPS €0.22 (vs €0.21 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: €38.0m (up 15% from 1H 2020). Net income: €2.68m (up 5.4% from 1H 2020). Profit margin: 7.1% (down from 7.7% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 28
Revenue and earnings miss expectations Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) also missed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 12%, compared to a 4.5% growth forecast for the Machinery industry in Spain. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS €0.47 (vs €0.66 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €67.5m (down 9.2% from FY 2019). Net income: €5.76m (down 28% from FY 2019). Profit margin: 8.5% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Is New 90 Day High Low • Nov 12
New 90-day high: €5.10 The company is up 37% from its price of €3.71 on 14 August 2020. The Spanish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is flat over the same period. Is New 90 Day High Low • Oct 24
New 90-day high: €4.87 The company is up 27% from its price of €3.82 on 24 July 2020. The Spanish market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 02
New 90-day high: €4.46 The company is up 11% from its price of €4.01 on 03 July 2020. The Spanish market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 6.0% over the same period.