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.

Earnings and Revenue Growth Forecasts

ENXTPA:ALNSE - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2024	104	4	11	14	N/A
9/30/2024	100	4	6	10	N/A
6/30/2024	97	5	2	5	N/A
3/31/2024	87	5	2	6	N/A
12/31/2023	77	4	2	7	N/A
9/30/2023	73	4	3	7	N/A
6/30/2023	69	4	3	6	N/A
3/31/2023	67	3	0	3	N/A
12/31/2022	66	3	-3	-1	N/A
9/30/2022	65	3	0	2	N/A
6/30/2022	64	3	2	4	N/A
3/31/2022	65	4	7	10	N/A
12/31/2021	67	4	12	15	N/A
9/30/2021	71	4	8	11	N/A
6/30/2021	75	5	4	7	N/A
3/31/2021	72	4	2	4	N/A
12/31/2020	70	4	0	2	N/A
9/30/2020	71	5	6	7	N/A
6/30/2020	71	5	12	13	N/A
3/31/2020	73	5	10	11	N/A
12/31/2019	76	6	8	9	N/A
9/30/2019	73	5	6	7	N/A
6/30/2019	70	4	4	5	N/A
3/31/2019	68	3	3	4	N/A
12/31/2018	67	1	1	2	N/A
9/30/2018	65	0	N/A	2	N/A
6/30/2018	64	-1	N/A	1	N/A
3/31/2018	64	-1	N/A	1	N/A
12/31/2017	64	0	N/A	2	N/A
9/30/2017	64	0	N/A	3	N/A
6/30/2017	64	1	N/A	4	N/A
3/31/2017	63	1	N/A	3	N/A
12/31/2016	63	1	N/A	2	N/A
9/30/2016	62	1	N/A	N/A	N/A
6/30/2016	61	1	N/A	2	N/A
3/31/2016	59	0	N/A	4	N/A
12/31/2015	57	-1	N/A	5	N/A
9/30/2015	58	-1	N/A	N/A	N/A
6/30/2015	58	-2	N/A	4	N/A
3/31/2015	60	-1	N/A	3	N/A
12/31/2014	61	0	N/A	2	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ALNSE's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if ALNSE's earnings are forecast to grow faster than the French market

High Growth Earnings: Insufficient data to determine if ALNSE's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if ALNSE's revenue is forecast to grow faster than the French market.

High Growth Revenue: Insufficient data to determine if ALNSE's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if ALNSE's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/02 01:12
End of Day Share Price	2025/10/31 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NSE S.A. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jeremy Sallee	Portzamparc BNP Paribas

NSE Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target increased by 72% to €50.30

Price target increased by 7.8% to €27.80

Consensus revenue estimates increase by 18%

Consensus EPS estimates fall by 52%

Price target decreased to €20.50

Price target increased to €21.00

Recent updates

New major risk - Revenue and earnings growth

Investor sentiment improves as stock rises 19%

Estimating The Fair Value Of NSE S.A. (EPA:ALNSE)

Now 22% undervalued after recent price drop

Returns On Capital Signal Tricky Times Ahead For NSE (EPA:ALNSE)

Upcoming dividend of €0.27 per share

Investor sentiment improves as stock rises 17%

Dividend of €0.27 announced

NSE S.A. announces Annual dividend, payable on July 03, 2025

Some Investors May Be Willing To Look Past NSE's (EPA:ALNSE) Soft Earnings

New minor risk - Profit margin trend

Price target increased by 72% to €50.30

New major risk - Share price stability

Now 21% undervalued

Investor sentiment deteriorates as stock falls 21%

The Returns On Capital At NSE (EPA:ALNSE) Don't Inspire Confidence

Now 27% overvalued after recent price rise

Investor sentiment improves as stock rises 20%

New minor risk - Share price stability

Optimistic Investors Push NSE S.A. (EPA:ALNSE) Shares Up 34% But Growth Is Lacking

There's Reason For Concern Over NSE S.A.'s (EPA:ALNSE) Massive 34% Price Jump

Investor sentiment improves as stock rises 28%

Concerns Surrounding NSE's (EPA:ALNSE) Performance

New minor risk - Market cap size

NSE S.A. (EPA:ALNSE) Looks Just Right With A 26% Price Jump

New minor risk - Share price stability

Investor sentiment improves as stock rises 15%

Broker Revenue Forecasts For NSE S.A. (EPA:ALNSE) Are Surging Higher

Price target increased by 7.8% to €27.80

Consensus revenue estimates increase by 18%

Now 21% undervalued after recent price drop

Now 27% undervalued after recent price drop

Investors Aren't Entirely Convinced By NSE S.A.'s (EPA:ALNSE) Earnings

Upcoming dividend of €0.25 per share

Now 20% undervalued after recent price drop

New minor risk - Earnings quality

NSE S.A., Annual General Meeting, Jun 26, 2024

Full year 2023 earnings released: EPS: €1.30 (vs €0.96 in FY 2022)

Is NSE (EPA:ALNSE) A Risky Investment?

Investor sentiment improves as stock rises 16%

Upcoming dividend of €0.22 per share at 1.1% yield

Investor sentiment improves as stock rises 21%

Now 23% undervalued

Investor sentiment deteriorates as stock falls 18%

Investor sentiment improves as stock rises 17%

The Return Trends At NSE (EPA:ALNSE) Look Promising

Now 21% undervalued

No independent directors

Consensus EPS estimates fall by 52%

First half 2022 earnings released: EPS: €0.46 (vs €0.66 in 1H 2021)

Price target decreased to €20.50

Upcoming dividend of €0.22 per share

Full year 2021 earnings released

No independent directors

Investors Shouldn't Overlook NSE's (EPA:ALNSE) Impressive Returns On Capital

Investor sentiment improved over the past week

Price target increased to €21.00

NSE (EPA:ALNSE) Seems To Use Debt Rather Sparingly

Investor sentiment improved over the past week

Upcoming dividend of €0.20 per share

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

Investor sentiment improved over the past week

Investor sentiment improved over the past week

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

New 90-day high: €14.70

Will The ROCE Trend At NSE (EPA:ALNSE) Continue?

New 90-day high: €13.40

Can You Imagine How NSE's (EPA:ALNSE) Shareholders Feel About The 42% Share Price Increase?

New 90-day high: €12.30