ENXTAM:NEDAP

Stock Analysis Report

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Executive Summary

Nedap N.V. develops and supplies smart technological solutions worldwide. More Details


Snowflake Analysis

Flawless balance sheet with outstanding track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: NEDAP is less volatile than 75% of Dutch stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: NEDAP's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-2.9%

NEDAP

1.0%

NL Electronic

1.6%

NL Market


1 Year Return

2.5%

NEDAP

25.0%

NL Electronic

8.3%

NL Market

Return vs Industry: NEDAP underperformed the Dutch Electronic industry which returned 25% over the past year.

Return vs Market: NEDAP underperformed the Dutch Market which returned 8.3% over the past year.


Shareholder returns

NEDAPIndustryMarket
7 Day-2.9%1.0%1.6%
30 Day-0.2%4.8%5.7%
90 Day3.1%20.9%24.5%
1 Year7.6%2.5%26.6%25.0%10.6%8.3%
3 Year12.1%-2.9%45.9%38.8%9.0%-2.1%
5 Year104.4%63.9%133.3%115.3%62.6%32.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

23.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NEDAP (€49.7) is trading below our estimate of fair value (€65.06)

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


Price To Earnings Ratio

PE vs Industry: NEDAP is good value based on its PE Ratio (13.6x) compared to the XE Electronic industry average (26.7x).

PE vs Market: NEDAP is good value based on its PE Ratio (13.6x) compared to the Dutch market (26.4x).


Price to Earnings Growth Ratio

PEG Ratio: NEDAP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: NEDAP is overvalued based on its PB Ratio (4x) compared to the XE Electronic industry average (2.5x).


Next Steps

Future Growth

How is Nedap forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-24.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NEDAP's earnings are forecast to decline over the next 3 years (-24.5% per year).

Earnings vs Market: NEDAP's earnings are forecast to decline over the next 3 years (-24.5% per year).

High Growth Earnings: NEDAP's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NEDAP's revenue (4.6% per year) is forecast to grow slower than the Dutch market (10% per year).

High Growth Revenue: NEDAP's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Nedap performed over the past 5 years?

23.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NEDAP has high quality earnings.

Growing Profit Margin: NEDAP's current net profit margins (12.3%) are higher than last year (8%).


Past Earnings Growth Analysis

Earnings Trend: NEDAP's earnings have grown significantly by 23.2% per year over the past 5 years.

Accelerating Growth: NEDAP's earnings growth over the past year (56.4%) exceeds its 5-year average (23.2% per year).

Earnings vs Industry: NEDAP earnings growth over the past year (56.4%) exceeded the Electronic industry -5.7%.


Return on Equity

High ROE: NEDAP's Return on Equity (29.3%) is considered high.


Next Steps

Financial Health

How is Nedap's financial position?


Financial Position Analysis

Short Term Liabilities: NEDAP's short term assets (€83.2M) exceed its short term liabilities (€27.7M).

Long Term Liabilities: NEDAP's short term assets (€83.2M) exceed its long term liabilities (€17.4M).


Debt to Equity History and Analysis

Debt Level: NEDAP's debt to equity ratio (17.6%) is considered satisfactory.

Reducing Debt: NEDAP's debt to equity ratio has reduced from 48.5% to 17.6% over the past 5 years.

Debt Coverage: NEDAP's debt is well covered by operating cash flow (203%).

Interest Coverage: NEDAP's interest payments on its debt are well covered by EBIT (85.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Nedap current dividend yield, its reliability and sustainability?

9.05%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NEDAP's dividend (9.05%) is higher than the bottom 25% of dividend payers in the Dutch market (1.8%).

High Dividend: NEDAP's dividend (9.05%) is in the top 25% of dividend payers in the Dutch market (4.8%)


Stability and Growth of Payments

Stable Dividend: NEDAP's dividend payments have been volatile in the past 10 years.

Growing Dividend: NEDAP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (123.3%), NEDAP's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NEDAP's dividends in 3 years are not forecast to be well covered by earnings (140.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Ruben Wegman (54 yo)

no data

Tenure

€772,000

Compensation

Drs. Ruben M. Wegman serves as Chief Executive Officer at N.V. Nederlandsche Apparatenfabriek Nedap and served as its Interim Head of Energy Systems. Drs. Wegman served as Interim Head of Energy Systems at...


CEO Compensation Analysis

Compensation vs Market: Ruben's total compensation ($USD936.21K) is about average for companies of similar size in the Dutch market ($USD911.96K).

Compensation vs Earnings: Ruben's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ruben Wegman
Chairman of Management Board & CEOno data€772.00k0.57%
€ 1.8m
D. van der Sluijs
CFO & Member of Management Board0.42yrno datano data
Rob Schuurman
MD of Retail & Member of Management Board2yrsno datano data
Fokko van Zee
MD of Security Management & Member of Management Board2yrsno datano data
Guus J. Droppers
GM of Healthcare & Member of Management Board2yrsno datano data

2.0yrs

Average Tenure

49yo

Average Age

Experienced Management: NEDAP's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
J. M. van Engelen
Independent Supervisory Board Vice Chairman4yrs€30.00kno data
Margot Scheltema
Independent Member of Supervisory Board2.75yrs€30.00kno data
G. Kolff
Independent Chairman of Supervisory Board8.75yrs€40.00kno data
M. Pijnenborg
Supervisory Board Member1.75yrs€23.00kno data

3.4yrs

Average Tenure

63.5yo

Average Age

Experienced Board: NEDAP's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Nedap N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nedap N.V.
  • Ticker: NEDAP
  • Exchange: ENXTAM
  • Founded: 1929
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €321.480m
  • Shares outstanding: 6.47m
  • Website: https://nedap.com

Number of Employees


Location

  • Nedap N.V.
  • Parallelweg 2
  • Groenlo
  • Gelderland
  • 7141 DC
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NEDAPENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURJan 1992
NE3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0NNULSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
NEDAPABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
NDDL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992

Biography

Nedap N.V. develops and supplies smart technological solutions worldwide. The company develops software services that digitalizes and automates care, and logistics and administrative processes in the healt...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/25 20:49
End of Day Share Price2021/01/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.