Upcoming Dividend • Apr 04
Upcoming dividend of €3.70 per share Eligible shareholders must have bought the stock before 10 April 2026. Payment date: 20 April 2026. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Dutch dividend payers (5.2%). Higher than average of industry peers (1.6%). Declared Dividend • Feb 28
Dividend increased to €3.70 Dividend of €3.70 is 16% higher than last year. Ex-date: 10th April 2026 Payment date: 20th April 2026 Dividend yield will be 4.3%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio). However, it is covered by cash flows (71% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 10% to bring the payout ratio under control. EPS is expected to grow by 59% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Feb 27
Nedap N.V. announces Annual dividend, payable on April 20, 2026 Nedap N.V. announced Annual dividend of EUR 3.7000 per share payable on April 20, 2026, ex-date on April 10, 2026 and record date on April 13, 2026. Reported Earnings • Feb 25
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: €3.72 (up from €2.82 in FY 2024). Revenue: €279.8m (up 11% from FY 2024). Net income: €24.6m (up 33% from FY 2024). Profit margin: 8.8% (up from 7.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by earnings (99% payout ratio). Price Target Changed • Jan 23
Price target increased by 7.1% to €91.00 Up from €85.00, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €87.30. Stock is up 50% over the past year. The company is forecast to post earnings per share of €4.46 for next year compared to €2.82 last year. Announcement • Oct 17
Nedap N.V., Annual General Meeting, Apr 08, 2026 Nedap N.V., Annual General Meeting, Apr 08, 2026. Reported Earnings • Jul 22
First half 2025 earnings released: EPS: €1.65 (vs €1.24 in 1H 2024) First half 2025 results: EPS: €1.65 (up from €1.24 in 1H 2024). Revenue: €134.9m (up 8.7% from 1H 2024). Net income: €10.9m (up 34% from 1H 2024). Profit margin: 8.1% (up from 6.6% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 16
Upcoming dividend of €3.20 per share Eligible shareholders must have bought the stock before 23 April 2025. Payment date: 30 April 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.1%. Lower than top quartile of Dutch dividend payers (5.9%). Higher than average of industry peers (2.6%). Major Estimate Revision • Mar 11
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €3.21 to €3.62. Revenue forecast steady at €262.0m. Net income forecast to grow 30% next year vs 30% growth forecast for Electronic industry in the Netherlands. Consensus price target up from €55.00 to €66.00. Share price rose 4.4% to €61.80 over the past week. Declared Dividend • Mar 07
Dividend of €3.20 announced Dividend of €3.20 is the same as last year. Ex-date: 23rd April 2025 Payment date: 30th April 2025 Dividend yield will be 5.2%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (121% earnings payout ratio) nor is it covered by cash flows (152% cash payout ratio). The dividend has increased by an average of 9.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 35% to bring the payout ratio under control. EPS is expected to grow by 26% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Mar 06
Nedap N.V. announces Annual dividend, payable on April 30, 2025 Nedap N.V. announced Annual dividend of EUR 3.2000 per share payable on April 30, 2025, ex-date on April 23, 2025 and record date on April 24, 2025. New Risk • Feb 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 121% Cash payout ratio: 211% Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Announcement • Jan 30
Nedap N.V. Introduces Device Certificate Management Nedap N.V. announced the launch of both AEOS Certificate Management and Device Certificate Management within its on-premises access control system, AEOS. This feature positions AEOS as the first access control system to implement certificate management from server to reader, setting a new standard in the industry. The integration of Certificate Management into AEOS enhances the system's security by enabling the use of unique digital certificates to establish secure, encrypted communication across all AEOS system components (including the server, controllers, and access readers). This advancement ensures encrypted communication throughout the entire access control infrastructure, significantly reducing the risk of cyber threats and unauthorized access. Nedap's commitment to pioneering security solutions is further exemplified by AEOS's recent compliance achievements, including CAPSS accreditation from the UK's National Protective Security Authority (NPSA), EN60839, ANSSI, and BSI certifications. These certifications underscore AEOS's robust cybersecurity measures and its suitability for protecting critical national infrastructure. Announcement • Jan 08
Nedap N.V., Annual General Meeting, Apr 17, 2025 Nedap N.V., Annual General Meeting, Apr 17, 2025. Price Target Changed • Oct 24
Price target decreased by 8.3% to €55.00 Down from €60.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €54.40. Stock is down 4.6% over the past year. The company posted earnings per share of €3.29 last year. Reported Earnings • Jul 22
First half 2024 earnings released: EPS: €1.24 (vs €1.90 in 1H 2023) First half 2024 results: EPS: €1.24 (down from €1.90 in 1H 2023). Revenue: €124.1m (down 7.7% from 1H 2023). Net income: €8.16m (down 34% from 1H 2023). Profit margin: 6.6% (down from 9.2% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Apr 08
Upcoming dividend of €3.20 per share Eligible shareholders must have bought the stock before 15 April 2024. Payment date: 22 April 2024. Payout ratio is on the higher end at 97%, and the cash payout ratio is above 100%. Trailing yield: 4.7%. Lower than top quartile of Dutch dividend payers (5.6%). Higher than average of industry peers (1.9%). Recent Insider Transactions • Mar 22
CEO & Member of Managing Board recently bought €151k worth of stock On the 19th of March, Ruben Wegman bought around 3k shares on-market at roughly €45.44 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ruben's only on-market trade for the last 12 months. Declared Dividend • Feb 25
Dividend increased to €3.20 Dividend of €3.20 is 6.7% higher than last year. Ex-date: 15th April 2024 Payment date: 22nd April 2024 Dividend yield will be 4.7%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio) nor is it covered by cash flows (183% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 8.0% to bring the payout ratio under control. EPS is expected to grow by 25% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: €3.29 (vs €2.87 in FY 2022) Full year 2023 results: EPS: €3.29 (up from €2.87 in FY 2022). Revenue: €262.4m (up 14% from FY 2022). Net income: €21.6m (up 15% from FY 2022). Profit margin: 8.2% (up from 8.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year. New Risk • Feb 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 152% Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Buying Opportunity • Oct 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.8%. The fair value is estimated to be €70.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 26% in the next 2 years. Reported Earnings • Jul 21
First half 2023 earnings released: EPS: €1.90 (vs €1.61 in 1H 2022) First half 2023 results: EPS: €1.90 (up from €1.61 in 1H 2022). Revenue: €134.4m (up 20% from 1H 2022). Net income: €12.4m (up 18% from 1H 2022). Profit margin: 9.2% (down from 9.3% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 21
Solid Systems B.V. acquired Nedap Beveiligingstechniek B.V. from Nedap N.V. (ENXTAM:NEDAP). Solid Systems B.V. acquired Nedap Beveiligingstechniek B.V. from Nedap N.V. (ENXTAM:NEDAP) on June 20, 2023. This acquisition by Solid Systems fits within the strategy of Nedap for the retail industry, where the focus is on the development and marketing of technology. Installation and service operations are carried out by a global partner network.
Solid Systems B.V. completed the acquisition of Nedap Beveiligingstechniek B.V. from Nedap N.V. (ENXTAM:NEDAP) on June 20, 2023. Buying Opportunity • Feb 24
Now 20% undervalued Over the last 90 days, the stock is up 5.8%. The fair value is estimated to be €73.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has declined by 7.8%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 34% in the next 2 years. Announcement • Feb 15
Nedap Introduces iD POS 2: the Next Step in Frictionless Checkouts Nedap announced the launch of iD POS 2. Nedap's iD POS 2 is an RFID-based point-of-sale reader, developed to drastically speed up checkouts. In addition, it gives fashion retailers a real-time view of their inventory, enables data-driven loss prevention, and unlocks many omnichannel concepts. iD POS 2 will be officially launched during EuroShop 2023 in Düsseldorf, Germany. iD POS 2 has been designed with Nedap's goal to empower retailers to create perfect real-time inventory visibility with zero waste and no losses. The point-of-sale solution removes friction from physical shopping experiences and enhances customer service levels securely, enabled by RFID data. Key features: Bulk reading at the point-of-sale, Real-time inventory updates, Secures RFID-tagged merchandise, Includes the latest Impinj chipsets, Remote service monitoring capabilities and Plug-and-play installations. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Independent Member of Supervisory Board Margot Scheltema was the last independent director to join the board, commencing their role in 2018. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Jul 28
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €222.0m to €228.0m. EPS estimate fell from €3.46 to €3.06 per share. Net income forecast to grow 11% next year vs 22% growth forecast for Electronic industry in the Netherlands. Consensus price target broadly unchanged at €67.00. Share price fell 6.1% to €57.00 over the past week. Reported Earnings • Jul 22
First half 2022 earnings released: EPS: €1.61 (vs €1.52 in 1H 2021) First half 2022 results: EPS: €1.61 (up from €1.52 in 1H 2021). Revenue: €112.4m (up 12% from 1H 2021). Net income: €10.5m (up 6.8% from 1H 2021). Profit margin: 9.3% (in line with 1H 2021). Over the next year, revenue is forecast to grow 4.7%, compared to a 15% growth forecast for the industry in the Netherlands. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Independent Member of Supervisory Board Margot Scheltema was the last independent director to join the board, commencing their role in 2018. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 07
Upcoming dividend of €3.00 per share Eligible shareholders must have bought the stock before 14 April 2022. Payment date: 25 April 2022. The company is paying out more than 100% of its profits and is paying out 79% of its cash flow. Trailing yield: 4.7%. Lower than top quartile of Dutch dividend payers (5.4%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 20
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: €2.82 (up from €2.13 in FY 2020). Revenue: €207.0m (up 9.0% from FY 2020). Net income: €18.3m (up 33% from FY 2020). Profit margin: 8.8% (up from 7.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 3.4%, compared to a 15% growth forecast for the industry in the Netherlands. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Major Estimate Revision • Jul 29
Consensus EPS estimates increase to €2.68 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €199.0m to €202.0m. EPS estimate increased from €2.22 to €2.68 per share. Net income forecast to grow 8.9% next year vs 26% growth forecast for Electronic industry in the Netherlands. Consensus price target up from €52.00 to €64.00. Share price rose 8.1% to €63.00 over the past week. Price Target Changed • Jul 27
Price target increased to €64.00 Up from €52.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €62.30. Stock is up 46% over the past year. Reported Earnings • Jul 25
First half 2021 earnings released: EPS €1.52 (vs €0.95 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €100.7m (up 7.6% from 1H 2020). Net income: €9.83m (up 60% from 1H 2020). Profit margin: 9.8% (up from 6.6% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • Feb 21
Full year 2020 earnings released: EPS €2.13 (vs €3.74 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: €189.9m (flat on FY 2019). Net income: €13.8m (down 43% from FY 2019). Profit margin: 7.2% (down from 13% in FY 2019). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 21
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Over the next year, revenue is forecast to grow 4.8%, compared to a 11% growth forecast for the Electronic industry in the Netherlands. Is New 90 Day High Low • Feb 16
New 90-day high: €52.80 The company is up 16% from its price of €45.50 on 18 November 2020. The Dutch market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is up 12% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: €52.60 The company is up 22% from its price of €43.00 on 08 October 2020. The Dutch market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: €48.40 The company is up 11% from its price of €43.70 on 18 September 2020. The Dutch market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is up 7.0% over the same period. Major Estimate Revision • Oct 27
Analysts update estimates The 2020 consensus revenue estimate increased from €145.0m to €183.0m. Earning per share (EPS) estimate was unchanged from the last update at €1.52. The Electronic industry in the Netherlands is expected to see an average net income growth of 13% next year. The consensus price target increased from €34.00 to €47.00. Share price is up 7.1% to €48.20 over the past week. Is New 90 Day High Low • Oct 21
New 90-day high: €46.10 The company is up 4.0% from its price of €44.40 on 23 July 2020. The Dutch market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 8.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: €40.30 The company is down 3.0% from its price of €41.50 on 26 June 2020. The Dutch market is also down 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Electronic industry, which is up 9.0% over the same period.