Loading...
DNR logo

Industrie De Nora S.p.A.BIT:DNR Stock Report

Market Cap €1.4b
Share Price
€7.06
€10.24
31.1% undervalued intrinsic discount
1Y9.7%
7D1.7%
1D
Portfolio Value
View

Industrie De Nora S.p.A.

BIT:DNR Stock Report

Market Cap: €1.4b

Industrie De Nora (DNR) Stock Overview

Through its subsidiaries, delivers electrochemical solutions worldwide and operates through the Electrode Technologies, Water Technologies, and Energy Transition segments. More details

DNR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

DNR Community Fair Values

Create Narrative

See what 15 others think this stock is worth. Follow their fair value or set your own to get alerts.

Industrie De Nora S.p.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Industrie De Nora
Historical stock prices
Current Share Price€7.06
52 Week High€8.57
52 Week Low€5.26
Beta0.74
1 Month Change15.18%
3 Month Change-1.88%
1 Year Change9.72%
3 Year Change-63.63%
5 Year Changen/a
Change since IPO-45.31%

Recent News & Updates

Recent updates

Analysis Article Jan 21

Is Industrie De Nora (BIT:DNR) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Nov 07

Industrie De Nora S.p.A. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Investors in Industrie De Nora S.p.A. ( BIT:DNR ) had a good week, as its shares rose 4.8% to close at €7.66 following...
Analysis Article Oct 22

Is Industrie De Nora (BIT:DNR) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Oct 01

Industrie De Nora S.p.A.'s (BIT:DNR) Popularity With Investors Is Under Threat From Overpricing

There wouldn't be many who think Industrie De Nora S.p.A.'s ( BIT:DNR ) price-to-earnings (or "P/E") ratio of 18.6x is...
Analysis Article Sep 03

Returns At Industrie De Nora (BIT:DNR) Are On The Way Up

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Jul 22

We Think Industrie De Nora (BIT:DNR) Can Stay On Top Of Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Jun 30

Earnings Not Telling The Story For Industrie De Nora S.p.A. (BIT:DNR)

There wouldn't be many who think Industrie De Nora S.p.A.'s ( BIT:DNR ) price-to-earnings (or "P/E") ratio of 16.1x is...
Analysis Article May 17

Industrie De Nora S.p.A. (BIT:DNR) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

It's been a good week for Industrie De Nora S.p.A. ( BIT:DNR ) shareholders, because the company has just released its...
Analysis Article May 14

Industrie De Nora (BIT:DNR) Is Experiencing Growth In Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
Analysis Article Mar 29

Industrie De Nora S.p.A. (BIT:DNR) Shares May Have Slumped 29% But Getting In Cheap Is Still Unlikely

Industrie De Nora S.p.A. ( BIT:DNR ) shares have had a horrible month, losing 29% after a relatively good period...
Analysis Article Mar 22

Industrie De Nora's (BIT:DNR) Dividend Is Being Reduced To €0.104

Industrie De Nora S.p.A. ( BIT:DNR ) has announced that on 21st of May, it will be paying a dividend of€0.104, which a...
Analysis Article Mar 07

Industrie De Nora (BIT:DNR) Has A Pretty Healthy Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Feb 12

There's Reason For Concern Over Industrie De Nora S.p.A.'s (BIT:DNR) Price

Industrie De Nora S.p.A.'s ( BIT:DNR ) price-to-earnings (or "P/E") ratio of 16.1x might make it look like a sell right...
Analysis Article Dec 17

Industrie De Nora (BIT:DNR) Is Looking To Continue Growing Its Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
Analysis Article Nov 12

Weak Statutory Earnings May Not Tell The Whole Story For Industrie De Nora (BIT:DNR)

Industrie De Nora S.p.A.'s ( BIT:DNR ) recent weak earnings report didn't cause a big stock movement. Our analysis...
Analysis Article Nov 08

Industrie De Nora S.p.A. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

As you might know, Industrie De Nora S.p.A. ( BIT:DNR ) last week released its latest third-quarter, and things did not...
Analysis Article Nov 04

These 4 Measures Indicate That Industrie De Nora (BIT:DNR) Is Using Debt Reasonably Well

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Oct 04

Is Industrie De Nora S.p.A. (BIT:DNR) Worth €9.2 Based On Its Intrinsic Value?

Key Insights The projected fair value for Industrie De Nora is €7.42 based on 2 Stage Free Cash Flow to Equity...
Analysis Article Aug 02

Industrie De Nora S.p.A. (BIT:DNR) Just Released Its Second-Quarter Earnings: Here's What Analysts Think

Last week, you might have seen that Industrie De Nora S.p.A. ( BIT:DNR ) released its second-quarter result to the...
Analysis Article Jul 21

Industrie De Nora (BIT:DNR) Is Looking To Continue Growing Its Returns On Capital

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
Analysis Article Jun 16

Does Industrie De Nora (BIT:DNR) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article May 12

Analysts Have Made A Financial Statement On Industrie De Nora S.p.A.'s (BIT:DNR) First-Quarter Report

Investors in Industrie De Nora S.p.A. ( BIT:DNR ) had a good week, as its shares rose 6.0% to close at €13.28 following...
Analysis Article Mar 25

Industrie De Nora's (BIT:DNR) Earnings Are Weaker Than They Seem

Investors were disappointed with Industrie De Nora S.p.A.'s ( BIT:DNR ) earnings, despite the strong profit numbers...
Analysis Article Mar 21

Analyst Estimates: Here's What Brokers Think Of Industrie De Nora S.p.A. (BIT:DNR) After Its Annual Report

Industrie De Nora S.p.A. ( BIT:DNR ) shareholders are probably feeling a little disappointed, since its shares fell...
Analysis Article Mar 02

Is Industrie De Nora S.p.A. (BIT:DNR) Worth €15.1 Based On Its Intrinsic Value?

Key Insights Industrie De Nora's estimated fair value is €11.99 based on 2 Stage Free Cash Flow to Equity Industrie De...
Analysis Article Jan 25

Does Industrie De Nora (BIT:DNR) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Aug 03

Industrie De Nora S.p.A. (BIT:DNR) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Industrie De Nora S.p.A. ( BIT:DNR ) shareholders are probably feeling a little disappointed, since its shares fell...
Analysis Article Jul 26

Industrie De Nora (BIT:DNR) Might Have The Makings Of A Multi-Bagger

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article Apr 15

We Like Industrie De Nora's (BIT:DNR) Earnings For More Than Just Statutory Profit

The market seemed underwhelmed by the solid earnings posted by Industrie De Nora S.p.A. ( BIT:DNR ) recently. Along...
Analysis Article Jan 05

Estimating The Fair Value Of Industrie De Nora S.p.A. (BIT:DNR)

Key Insights Industrie De Nora's estimated fair value is €18.5 based on 2 Stage Free Cash Flow to Equity Current share...
Analysis Article Dec 10

Industrie De Nora S.p.A. (BIT:DNR) Looks Just Right

Industrie De Nora S.p.A.'s ( BIT:DNR ) price-to-earnings (or "P/E") ratio of 35.4x might make it look like a strong...
Analysis Article Oct 01

An Intrinsic Calculation For Industrie De Nora S.p.A. (BIT:DNR) Suggests It's 42% Undervalued

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Industrie De Nora...

Shareholder Returns

DNRIT MachineryIT Market
7D1.7%2.2%0.7%
1Y9.7%6.5%20.1%

Return vs Industry: DNR exceeded the Italian Machinery industry which returned 6.5% over the past year.

Return vs Market: DNR underperformed the Italian Market which returned 20.1% over the past year.

Price Volatility

Is DNR's price volatile compared to industry and market?
DNR volatility
DNR Average Weekly Movement7.5%
Machinery Industry Average Movement6.0%
Market Average Movement5.2%
10% most volatile stocks in IT Market8.5%
10% least volatile stocks in IT Market3.2%

Stable Share Price: DNR's share price has been volatile over the past 3 months compared to the Italian market.

Volatility Over Time: DNR's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Italian stocks.

About the Company

FoundedEmployeesCEOWebsite
19232,068Paolo Dellachàwww.denora.com

Industrie De Nora S.p.A., through its subsidiaries, delivers electrochemical solutions worldwide and operates through the Electrode Technologies, Water Technologies, and Energy Transition segments. Its Electrode Technologies segment offers metal electrodes coated with catalysts, electrolyzer components, and systems with various applications, including the production of chlorine and caustic soda; the electronics industry including the production of components for lithium battery manufacturing; the refining of non-ferrous metals such as nickel and cobalt; the galvanic finishing industry; the cellulose and paper industry; and the infrastructure sector for the corrosion prevention of reinforced concrete and metal structures. The Water Technologies segment includes water treatment solutions, encompassing electrodes, equipment, systems, and facilities for the disinfection and filtration of drinking water, wastewater, and process water; these solutions serve applications such as residential swimming pool disinfection, municipal water disinfection and filtration, and industrial and marine water treatment.

Industrie De Nora S.p.A. Fundamentals Summary

How do Industrie De Nora's earnings and revenue compare to its market cap?
DNR fundamental statistics
Market cap€1.40b
Earnings (TTM)€82.34m
Revenue (TTM)€882.08m
17.0x
P/E Ratio
1.6x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DNR income statement (TTM)
Revenue€882.08m
Cost of Revenue€534.71m
Gross Profit€347.38m
Other Expenses€265.04m
Earnings€82.34m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Jul 30, 2026

Earnings per share (EPS)0.41
Gross Margin39.38%
Net Profit Margin9.33%
Debt/Equity Ratio1.9%

How did DNR perform over the long term?

See historical performance and comparison

Dividends

1.5%
Current Dividend Yield
25%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/24 16:04
End of Day Share Price 2026/05/22 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Industrie De Nora S.p.A. is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrea BelloliBanca Akros S.p.A. (ESN)
Vincenzo Antonio BuonoBanca Akros S.p.A. (ESN)
Andrea BelloliBanca Akros S.p.A. (ESN)