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ALNS

NSEENXTPA:ALNSE Stock Report

Market Cap

€50.4m

7D

1.9%

1Y

50.9%

Updated

21 Oct, 2021

Data

Company Financials +
ALNSE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends2/6

ALNSE Overview

NSE S.A. designs, builds, and sells integrated systems for defense, aerospace, electronics, information technology, telecommunications, and large-scale industries in France and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for NSE
Historical stock prices
Current Share Price€16.00
52 Week High€10.30
52 Week Low€34.80
Beta0.28
1 Month Change1.27%
3 Month Change1.27%
1 Year Change50.94%
3 Year Change77.78%
5 Year Change77.78%
Change since IPO66.67%

Recent News & Updates

May 13
Why The 20% Return On Capital At NSE (EPA:ALNSE) Should Have Your Attention

Why The 20% Return On Capital At NSE (EPA:ALNSE) Should Have Your Attention

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Mar 01
NSE S.A.'s (EPA:ALNSE) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

NSE S.A.'s (EPA:ALNSE) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

NSE (EPA:ALNSE) has had a great run on the share market with its stock up by a significant 54% over the last three...

Shareholder Returns

ALNSEFR Aerospace & DefenseFR Market
7D1.9%-2.2%0.3%
1Y50.9%46.6%35.3%

Return vs Industry: ALNSE exceeded the French Aerospace & Defense industry which returned 46.7% over the past year.

Return vs Market: ALNSE exceeded the French Market which returned 35.1% over the past year.

Price Volatility

Is ALNSE's price volatile compared to industry and market?
ALNSE volatility
ALNSE Beta0.28
Industry Beta1.63
Market Beta1

Stable Share Price: ALNSE is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ALNSE's weekly volatility has decreased from 9% to 3% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1983616Philippe Brelhttps://www.nse-groupe.com

NSE S.A. designs, builds, and sells integrated systems for defense, aerospace, electronics, information technology, telecommunications, and large-scale industries in France and internationally. The company offers night vision products, including NVIS modifications and equipment; flight data monitoring and tracking products comprising data transmission systems and brite saver, a flight recorder; geo tracking products, such as satellite and GSM/GPRS solutions, as well as tracking beacons; and railway signaling products, including train and tram signaling products. It also offers integration services, which include designing and integration of complex wired structures and embedded devices; designing and implementation of wiring; and designing of avionics equipment.

NSE Fundamentals Summary

How do NSE's earnings and revenue compare to its market cap?
ALNSE fundamental statistics
Market Cap€50.38m
Earnings (TTM)€3.95m
Revenue (TTM)€70.40m

12.7x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALNSE income statement (TTM)
Revenue€70.40m
Cost of Revenue€27.09m
Gross Profit€43.31m
Expenses€39.36m
Earnings€3.95m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)1.26
Gross Margin61.52%
Net Profit Margin5.61%
Debt/Equity Ratio25.8%

How did ALNSE perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

16%

Payout Ratio

Valuation

Is NSE undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ALNSE (€16) is trading below our estimate of fair value (€45.22)

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


Price To Earnings Ratio

PE vs Industry: ALNSE is good value based on its PE Ratio (12.7x) compared to the French Aerospace & Defense industry average (24.8x).

PE vs Market: ALNSE is good value based on its PE Ratio (12.7x) compared to the French market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: ALNSE is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: ALNSE's PB Ratio (1.7x) is in line with the FR Aerospace & Defense industry average.


Future Growth

How is NSE forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

11.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALNSE's forecast earnings growth (11.5% per year) is above the savings rate (0.3%).

Earnings vs Market: ALNSE's earnings (11.5% per year) are forecast to grow slower than the French market (12.4% per year).

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

Revenue vs Market: ALNSE's revenue (3.5% per year) is forecast to grow slower than the French market (6.2% per year).

High Growth Revenue: ALNSE's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALNSE's Return on Equity is forecast to be low in 3 years time (13.3%).


Past Performance

How has NSE performed over the past 5 years?

53.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALNSE has high quality earnings.

Growing Profit Margin: ALNSE's current net profit margins (5.6%) are lower than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: ALNSE has become profitable over the past 5 years, growing earnings by 53.6% per year.

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

Earnings vs Industry: ALNSE had negative earnings growth (-32.4%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (-1.7%).


Return on Equity

High ROE: ALNSE's Return on Equity (14.2%) is considered low.


Financial Health

How is NSE's financial position?


Financial Position Analysis

Short Term Liabilities: ALNSE's short term assets (€51.6M) exceed its short term liabilities (€28.1M).

Long Term Liabilities: ALNSE's short term assets (€51.6M) exceed its long term liabilities (€5.9M).


Debt to Equity History and Analysis

Debt Level: ALNSE's debt to equity ratio (25.8%) is considered satisfactory.

Reducing Debt: ALNSE's debt to equity ratio has reduced from 73.3% to 25.8% over the past 5 years.

Debt Coverage: ALNSE's debt is well covered by operating cash flow (22.1%).

Interest Coverage: ALNSE's interest payments on its debt are well covered by EBIT (26.7x coverage).


Balance Sheet


Dividend

What is NSE current dividend yield, its reliability and sustainability?

1.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ALNSE's dividend (1.25%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.32%).

High Dividend: ALNSE's dividend (1.25%) is low compared to the top 25% of dividend payers in the French market (3.91%).


Stability and Growth of Payments

Stable Dividend: ALNSE has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ALNSE's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.9%), ALNSE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ALNSE's dividends in 3 years are forecast to be well covered by earnings (15.8% payout ratio).


Next Steps

Management

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

9.3yrs

Average board tenure


CEO

Philippe Brel

1.67yrs

Tenure

Mr. Philippe Brel serves as Chairman of Executive Board of NSE S.A. since February 3, 2020. He served as Head of Operations Division at Latécoère S.A. since July 2, 2014. Mr. Brel is a qualified engineer a...


Board Members

Experienced Board: ALNSE's board of directors are considered experienced (9.3 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

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


Top Shareholders

Company Information

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


Key Information

  • Name: NSE S.A.
  • Ticker: ALNSE
  • Exchange: ENXTPA
  • Founded: 1983
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: €50.376m
  • Shares outstanding: 3.15m
  • Website: https://www.nse-groupe.com

Number of Employees


Location

  • NSE S.A.
  • Les Seignes
  • Nizerolles
  • Auvergne
  • 3250
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 20:56
End of Day Share Price2021/10/21 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.