ENXTPA:ALNSE

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Adequate balance sheet with questionable track record.

Share Price & News

How has NSE's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.1%

ALNSE

-0.5%

FR Aerospace & Defense

-0.4%

FR Market


1 Year Return

4.4%

ALNSE

15.0%

FR Aerospace & Defense

9.5%

FR Market

Return vs Industry: ALNSE underperformed the French Aerospace & Defense industry which returned 15% over the past year.

Return vs Market: ALNSE underperformed the French Market which returned 9.5% over the past year.


Shareholder returns

ALNSEIndustryMarket
7 Day-1.1%-0.5%-0.4%
30 Day-4.6%-2.2%-1.0%
90 Day4.4%-3.8%-0.2%
1 Year4.4%4.4%16.8%15.0%13.3%9.5%
3 Year0.2%0.2%97.2%87.8%42.5%28.7%
5 Year-20.9%-21.6%174.6%150.1%71.0%45.0%

Price Volatility Vs. Market

How volatile is NSE's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

27.22x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ALNSE (€9.4) is trading above our estimate of fair value (€4.02)

Significantly Below Fair Value: ALNSE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ALNSE is poor value based on its PE Ratio (27.2x) compared to the Aerospace & Defense industry average (24.9x).

PE vs Market: ALNSE is poor value based on its PE Ratio (27.2x) compared to the French market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ALNSE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ALNSE is good value based on its PB Ratio (1.5x) compared to the FR Aerospace & Defense industry average (1.9x).


Next Steps

Future Growth

How is NSE forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.7%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NSE has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has NSE performed over the past 5 years?

-2.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ALNSE's earnings have declined by -2.9% per year over the past 5 years.

Accelerating Growth: ALNSE's earnings growth over the past year (1367.6%) exceeds its 5-year average (-2.9% per year).

Earnings vs Industry: ALNSE earnings growth over the past year (1367.6%) exceeded the Aerospace & Defense industry 24.9%.


Return on Equity

High ROE: ALNSE's Return on Equity (5%) is considered low.


Return on Assets

ROA vs Industry: ALNSE's Return on Assets is below or equal to the Aerospace & Defense industry average last year.


Return on Capital Employed

ROCE Improving: ALNSE's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is NSE's financial position?


Financial Position Analysis

Short Term Liabilities: ALNSE's short term assets (€42.6M) exceeds its short term liabilities (€26.6M)

Long Term Liabilities: ALNSE's short term assets (42.6M) exceeds its long term liabilities (7.1M)


Debt to Equity History and Analysis

Debt Level: ALNSE's debt to equity ratio (55.1%) is considered high

Reducing Debt: ALNSE's debt to equity ratio has increased from 55% to 55.1% over the past 5 years.

Debt Coverage: ALNSE's debt is well covered by operating cash flow (20.4%).

Interest Coverage: ALNSE's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet

Inventory Level: ALNSE has a high level of physical assets or inventory.

Debt Coverage by Assets: ALNSE's debt is covered by short term assets (assets are 3.617140x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%4.7%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate ALNSE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ALNSE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if ALNSE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ALNSE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ALNSE is not paying a notable dividend for the French market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ALNSE's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

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

7.3yrs

Average board tenure


CEO

Guillaume Laurin (53yo)

0yrs

Tenure

0

Mr. Guillaume Laurin serves as Deputy Chief Executive Officer and Executive Vice President at NSE Industries SA and has been its Director since June 8, 2012 and served as its Chief Executive Officer. 


Board Age and Tenure

7.3yrs

Average Tenure

63yo

Average Age

Experienced Board: ALNSE's board of directors are considered experienced (7.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Guillaume Laurin (53yo)

    Deputy Chief Executive Officer

    • Tenure: 0yrs

Board Members

  • Francois Lacoste (63yo)

    Chairman

    • Tenure: 0yrs
  • Pierre Maillard (71yo)

    Director

    • Tenure: 7.3yrs
  • Guillaume Laurin (53yo)

    Deputy Chief Executive Officer

    • Tenure: 0yrs
  • Alain Remuzon (70yo)

    Director

    • Tenure: 7.3yrs
  • Lise Cauchy-Lacoste (63yo)

    Director

    • Tenure: 7.3yrs
  • Antoine Lacoste (37yo)

    Director

    • Tenure: 7.3yrs

Company Information

NSE SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NSE SA
  • Ticker: ALNSE
  • Exchange: ENXTPA
  • Founded: 1983
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: €29.526m
  • Shares outstanding: 3.14m
  • Website: https://www.nse-groupe.com

Number of Employees


Location

  • NSE SA
  • Les Seignes
  • Nizerolles
  • Auvergne
  • 3250
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALNSEENXTPA (Euronext Paris)YesCommon StockFREURJun 2012

Biography

NSE SA designs, builds, and sells integrated systems for defense, aerospace, electronics, information technology, telecommunications, and large-scale industries in France. The company offers night vision p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 21:36
End of Day Share Price2019/10/18 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.