Nexans S.A.

ENXTPA:NEX Stock Report

Market Cap: €4.9b

Nexans Valuation

Is NEX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NEX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NEX (€112.3) is trading below our estimate of fair value (€218.58)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NEX?

Key metric: As NEX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NEX. This is calculated by dividing NEX's market cap by their current earnings.
What is NEX's PE Ratio?
PE Ratio18.7x
Earnings€263.00m
Market Cap€4.91b

Price to Earnings Ratio vs Peers

How does NEX's PE Ratio compare to its peers?

The above table shows the PE ratio for NEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.7x
LR Legrand
24.5x8.6%€25.6b
MRN Mersen
6.7x15.1%€516.4m
PERR Gérard Perrier Industrie
17x5.0%€334.1m
SU Schneider Electric
34.8x14.1%€134.4b
NEX Nexans
18.7x13.1%€4.9b

Price-To-Earnings vs Peers: NEX is good value based on its Price-To-Earnings Ratio (18.7x) compared to the peer average (20.7x).

Price to Earnings Ratio vs Industry

How does NEX's PE Ratio compare vs other companies in the European Electrical Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NEX 18.7xIndustry Avg. 16.9xNo. of Companies9PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NEX is expensive based on its Price-To-Earnings Ratio (18.7x) compared to the European Electrical industry average (17x).

Price to Earnings Ratio vs Fair Ratio

What is NEX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NEX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.7x
Fair PE Ratio17.4x

Price-To-Earnings vs Fair Ratio: NEX is expensive based on its Price-To-Earnings Ratio (18.7x) compared to the estimated Fair Price-To-Earnings Ratio (17.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NEX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€112.30
€125.42
+11.7%
14.1%€157.00€85.00n/a12
Nov ’25€130.40
€127.33
-2.4%
13.5%€157.00€85.00n/a12
Oct ’25€131.30
€121.92
-7.1%
12.3%€150.00€85.00n/a12
Sep ’25€116.70
€120.67
+3.4%
10.8%€135.00€85.00n/a12
Aug ’25€115.60
€119.50
+3.4%
10.4%€135.00€85.00n/a12
Jul ’25€104.50
€110.50
+5.7%
13.9%€132.00€85.00n/a12
Jun ’25€111.10
€107.67
-3.1%
11.7%€125.00€85.00n/a12
May ’25€100.40
€106.64
+6.2%
10.2%€120.00€85.00n/a11
Apr ’25€96.90
€100.67
+3.9%
8.8%€115.00€85.00n/a9
Mar ’25€95.65
€101.90
+6.5%
11.3%€120.00€78.00n/a10
Feb ’25€83.60
€93.00
+11.2%
9.7%€105.00€76.00n/a10
Jan ’25€79.25
€90.00
+13.6%
10.7%€100.00€70.00n/a9
Dec ’24€72.75
€89.67
+23.3%
10.9%€100.00€70.00n/a9
Nov ’24€64.15
€91.44
+42.5%
13.7%€116.00€70.00€130.409
Oct ’24€77.05
€94.33
+22.4%
10.1%€116.00€85.00€131.309
Sep ’24€76.00
€97.20
+27.9%
11.3%€116.00€85.00€116.7010
Aug ’24€79.85
€97.10
+21.6%
11.0%€114.00€85.00€115.6010
Jul ’24€79.35
€97.30
+22.6%
10.8%€114.00€85.00€104.5010
Jun ’24€72.60
€94.00
+29.5%
15.4%€116.00€65.00€111.1010
May ’24€77.85
€94.85
+21.8%
14.9%€116.00€65.00€100.4010
Apr ’24€91.50
€98.05
+7.2%
12.2%€119.00€75.00€96.9010
Mar ’24€92.55
€98.45
+6.4%
12.3%€119.00€75.00€95.6510
Feb ’24€98.95
€96.15
-2.8%
13.8%€119.00€70.00€83.6010
Jan ’24€84.45
€96.05
+13.7%
10.3%€116.00€82.00€79.2510
Dec ’23€83.95
€96.05
+14.4%
10.3%€116.00€82.00€72.7510
Nov ’23€95.00
€99.75
+5.0%
8.2%€116.00€90.00€64.1510

Analyst Forecast: Target price is less than 20% higher than the current share price.

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