Declared Dividend • 15h
Dividend of €0.27 announced Dividend of €0.27 is the same as last year. Ex-date: 29th June 2026 Payment date: 1st July 2026 Dividend yield will be 0.5%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 42%. Cash payout ratio: 28%. Announcement • May 29
NSE S.A. announces Annual dividend, payable on July 01, 2026 NSE S.A. announced Annual dividend of EUR 0.2700 per share payable on July 01, 2026, ex-date on June 29, 2026 and record date on June 30, 2026. Announcement • May 20
NSE S.A., Annual General Meeting, Jun 25, 2026 NSE S.A., Annual General Meeting, Jun 25, 2026. Location: 2 avenue de la republique, bellerive sur allier France Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €50.00, the stock trades at a trailing P/E ratio of 78.8x. Average trailing P/E is 33x in the Aerospace & Defense industry in France. Total returns to shareholders of 191% over the past three years. New Risk • Mar 04
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 French stocks, typically moving 7.3% 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: Major Risk Earnings have declined by 5.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin). Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €44.90, the stock trades at a trailing P/E ratio of 70.7x. Average trailing P/E is 43x in the Aerospace & Defense industry in France. Total returns to shareholders of 161% over the past three years. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings have declined by 5.5% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 5.5% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (3.5% net profit margin). Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €46.30, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 29x in the Aerospace & Defense industry in France. Total returns to shareholders of 209% over the past three years. Buy Or Sell Opportunity • Oct 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to €39.00. The fair value is estimated to be €49.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 7.2%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 36% per annum over the same time period. Upcoming Dividend • Jun 24
Upcoming dividend of €0.27 per share Eligible shareholders must have bought the stock before 01 July 2025. Payment date: 03 July 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €47.60, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 26x in the Aerospace & Defense industry in France. Total returns to shareholders of 131% over the past three years. Declared Dividend • May 19
Dividend of €0.27 announced Shareholders will receive a dividend of €0.27. Ex-date: 1st July 2025 Payment date: 3rd July 2025 Dividend yield will be 0.7%, which is lower than the industry average of 1.2%. Sustainability & Growth New Risk • May 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.5% Last year net profit margin: 5.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (3.5% net profit margin). Price Target Changed • Apr 24
Price target increased by 72% to €50.30 Up from €29.20, the current price target is provided by 1 analyst. New target price is 18% above last closing price of €42.80. Stock is up 78% over the past year. The company is forecast to post earnings per share of €1.41 for next year compared to €1.30 last year. New Risk • Apr 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Apr 07
Now 21% undervalued Over the last 90 days, the stock has risen 10% to €31.80. The fair value is estimated to be €40.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €37.20, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 24x in the Aerospace & Defense industry in France. Total returns to shareholders of 94% over the past three years. Buy Or Sell Opportunity • Mar 21
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 68% to €47.60. The fair value is estimated to be €37.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €44.00, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 25x in the Aerospace & Defense industry in France. Total returns to shareholders of 130% over the past three years. New Risk • Mar 06
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 French stocks, typically moving 7.1% 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. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to €38.20, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 23x in the Aerospace & Defense industry in France. Total returns to shareholders of 103% over the past three years. New Risk • Oct 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €90.8m (US$99.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€90.8m market cap, or US$99.0m). New Risk • Aug 14
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 French stocks, typically moving 6.6% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€87.0m market cap, or US$95.9m). Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €26.30, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Aerospace & Defense industry in France. Total returns to shareholders of 70% over the past three years. Price Target Changed • Jul 19
Price target increased by 7.8% to €27.80 Up from €25.80, the current price target is provided by 1 analyst. New target price is 8.2% above last closing price of €25.70. Stock is up 24% over the past year. The company is forecast to post earnings per share of €1.52 for next year compared to €1.30 last year. Major Estimate Revision • Jul 19
Consensus revenue estimates increase by 18% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from €86.6m to €102.1m. EPS estimate increased from €1.49 to €1.52 per share. Net income forecast to grow 23% next year vs 45% growth forecast for Aerospace & Defense industry in France. Consensus price target up from €25.80 to €27.80. Share price rose 14% to €25.70 over the past week. Buy Or Sell Opportunity • Jul 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to €22.20. The fair value is estimated to be €27.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.4%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Buy Or Sell Opportunity • Jul 02
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to €20.10. The fair value is estimated to be €27.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.4%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Upcoming Dividend • Jun 24
Upcoming dividend of €0.25 per share Eligible shareholders must have bought the stock before 01 July 2024. Payment date: 03 July 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of French dividend payers (5.5%). Lower than average of industry peers (1.3%). Buy Or Sell Opportunity • Jun 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to €22.30. The fair value is estimated to be €28.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.4%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. New Risk • Jun 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€80.3m market cap, or US$87.3m). Announcement • May 20
NSE S.A., Annual General Meeting, Jun 26, 2024 NSE S.A., Annual General Meeting, Jun 26, 2024. Location: restaurant du sporting 1930, 2 avenue de la republique, bellerive France Reported Earnings • May 02
Full year 2023 earnings released: EPS: €1.30 (vs €0.96 in FY 2022) Full year 2023 results: EPS: €1.30 (up from €0.96 in FY 2022). Revenue: €77.0m (up 17% from FY 2022). Net income: €4.13m (up 35% from FY 2022). Profit margin: 5.4% (up from 4.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Aerospace & Defense industry in France. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €25.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Aerospace & Defense industry in France. Total returns to shareholders of 129% over the past three years. Upcoming Dividend • Jun 28
Upcoming dividend of €0.22 per share at 1.1% yield Eligible shareholders must have bought the stock before 05 July 2023. Payment date: 07 July 2023. Trailing yield: 1.1%. Lower than top quartile of French dividend payers (5.2%). Lower than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €21.40, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Aerospace & Defense industry in France. Total returns to shareholders of 177% over the past three years. Buying Opportunity • Mar 03
Now 23% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be €24.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 59% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €21.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Aerospace & Defense industry in France. Total returns to shareholders of 99% over the past three years. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €23.80, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the Aerospace & Defense industry in France. Total returns to shareholders of 114% over the past three years. Buying Opportunity • Feb 01
Now 21% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be €24.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 59% in the next 2 years. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. No independent directors (4 non-independent directors). Director Pierre Maillard was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 52% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €70.8m to €64.2m. EPS estimate also fell from €1.62 per share to €0.77 per share. Net income forecast to shrink 5.9% next year vs 2.0% growth forecast for Aerospace & Defense industry in France . Consensus price target down from €20.50 to €17.80. Share price rose 4.5% to €15.25 over the past week. Reported Earnings • Nov 02
First half 2022 earnings released: EPS: €0.46 (vs €0.66 in 1H 2021) First half 2022 results: EPS: €0.46 (down from €0.66 in 1H 2021). Revenue: €32.0m (down 7.8% from 1H 2021). Net income: €1.45m (down 31% from 1H 2021). Profit margin: 4.5% (down from 6.0% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Aerospace & Defense industry in France. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Price Target Changed • Aug 03
Price target decreased to €20.50 Down from €24.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €20.10. Stock is up 26% over the past year. The company is forecast to post earnings per share of €1.62 for next year compared to €1.29 last year. Upcoming Dividend • Jun 24
Upcoming dividend of €0.22 per share Eligible shareholders must have bought the stock before 01 July 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of French dividend payers (5.5%). Lower than average of industry peers (1.5%). Reported Earnings • May 03
Full year 2021 earnings released Full year 2021 results: Revenue: €66.6m (down 5.4% from FY 2020). Net income: €4.08m (up 3.3% from FY 2020). Profit margin: 6.1% (up from 5.6% in FY 2020). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 6.3%, compared to a 11% growth forecast for the industry in France. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. No independent directors (4 non-independent directors). Director Pierre Maillard was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 20% share price gain to €21.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Aerospace & Defense industry in France. Total returns to shareholders of 149% over the past three years. Price Target Changed • Feb 02
Price target increased to €21.00 Up from €19.60, the current price target is provided by 1 analyst. New target price is 17% above last closing price of €17.90. Stock is up 23% over the past year. The company is forecast to post earnings per share of €1.40 for next year compared to €1.26 last year. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 15% share price gain to €18.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the Aerospace & Defense industry in France. Total returns to shareholders of 109% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 01 July 2021. Trailing yield: 1.3%. Lower than top quartile of French dividend payers (3.7%). Higher than average of industry peers (0.8%). Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 84% share price gain to €32.80, the stock trades at a trailing P/E ratio of 20.3x, up from the previous P/E ratio of 11x. Average P/E is 22x in the Aerospace & Defense industry in Europe. Total returns to shareholders over the past three years are 276%. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 17% share price gain to €19.00, the stock is trading at a trailing P/E ratio of 11.8x, up from the previous P/E ratio of 10x. This compares to an average P/E of 19x in the Aerospace & Defense industry in Europe. Total returns to shareholders over the past three years are 117%. Is New 90 Day High Low • Feb 12
New 90-day high: €14.70 The company is up 40% from its price of €10.50 on 13 November 2020. The French market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 26
New 90-day high: €13.40 The company is up 18% from its price of €11.40 on 27 October 2020. The French market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Aerospace & Defense industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 31
New 90-day high: €12.30 The company is up 16% from its price of €10.60 on 02 October 2020. The French market is also up 16% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Aerospace & Defense industry, which is up 37% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: €11.60 The company is up 17% from its price of €9.90 on 11 September 2020. The French market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Aerospace & Defense industry, which is up 27% over the same period. Is New 90 Day High Low • Nov 11
New 90-day high: €11.50 The company is up 16% from its price of €9.90 on 13 August 2020. The French market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 14% over the same period. Is New 90 Day High Low • Oct 26
New 90-day high: €11.20 The company is up 13% from its price of €9.90 on 28 July 2020. The French market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 7.0% over the same period. Is New 90 Day High Low • Sep 30
New 90-day high: €10.50 The company is up 5.0% from its price of €10.00 on 02 July 2020. The French market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is down 7.0% over the same period.