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N.V. Nederlandsche Apparatenfabriek Nedap, together with its subsidiaries, develops and supplies smart technological solutions worldwide. The last earnings update was 9 days ago. More info.
7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
---|---|---|---|---|---|---|
N.V. Nederlandsche Apparatenfabriek Nedap (NEDAP) | 4.5% | 7.3% | 13.6% | -8.8% | 57.9% | 55.8% |
Europe Electronic | 0.9% | 8.4% | 8.6% | -5.4% | 36.5% | 59.5% |
NL Market | 0.1% | 6.3% | 4.9% | 1.3% | 27.3% | 26.3% |
Below are the data sources, inputs and calculation used to determine the intrinsic value for N.V. Nederlandsche Apparatenfabriek Nedap.
Data Point | Source | Value |
---|---|---|
Valuation Model | 2 Stage Free Cash Flow to Equity | |
Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
Discount Rate (Cost of Equity) | See below | 8.5% |
Perpetual Growth Rate | 10-Year NL Government Bond Rate | 0.4% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
Data Point | Calculation/ Source | Result |
---|---|---|
Risk-Free Rate | 10-Year NL Govt Bond Rate | 0.4% |
Equity Risk Premium | S&P Global | 9.6% |
Electronic Unlevered Beta | Simply Wall St/ S&P Global | 0.8 |
Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.804 (1 + (1- 25%) (6.35%)) |
0.842 |
Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.84 |
Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.37% + (0.842 * 9.63%) |
8.48% |
Discounted Cash Flow Calculation for ENXTAM:NEDAP using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for N.V. Nederlandsche Apparatenfabriek Nedap is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
2019 | 2020 | 2021 | 2022 | 2023 | |
Levered FCF (EUR, Millions) | 16.25 | 19.35 | 28.00 | 28.23 | 28.46 |
Source | Analyst x2 | Analyst x2 | Analyst x1 | Est @ 0.81% | Est @ 0.81% |
Present Value Discounted (@ 8.48%) |
14.98 | 16.44 | 21.93 | 20.38 | 18.94 |
Present value of next 5 years cash flows | €92.67 |
Calculation | Result | |
---|---|---|
Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= €28.46 × (1 + 0.37%) ÷ (8.48% – 0.37%) |
€352.07 |
Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= €352.07 ÷ (1 + 8.48%)5 |
€234.33 |
Calculation | Result | |
---|---|---|
Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= €92.67 + €234.33 |
€327.00 |
Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €327.00 / 6.38 |
€51.23 |
Calculation | Result | |
---|---|---|
Value per share (EUR) | From above. | €51.23 |
Current discount | Discount to share price of
€46.90
= -1 x (€46.90 - €51.23) / €51.23 |
8.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Data Point | Source | Value |
---|---|---|
Earnings Per Share * | Company Filings (2018-12-31) in EUR | €2.66 |
ENXTAM:NEDAP Share Price ** | ENXTAM (2019-02-22) in EUR | €46.9 |
Europe Electronic Industry PE Ratio | Median Figure of 109 Publicly-Listed Electronic Companies | 16.64x |
Netherlands Market PE Ratio | Median Figure of 80 Publicly-Listed Companies | 16.33x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of N.V. Nederlandsche Apparatenfabriek Nedap.
Calculation | Outcome | |
---|---|---|
PE Ratio | = ENXTAM:NEDAP Share Price ÷ EPS (both in EUR) = 46.9 ÷ 2.66 |
17.6x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
PE Ratio | See PE Ratio Section | 17.6x |
Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
16.8%per year |
Europe Electronic Industry PEG Ratio | Median Figure of 69 Publicly-Listed Electronic Companies | 1.51x |
Netherlands Market PEG Ratio | Median Figure of 61 Publicly-Listed Companies | 1.63x |
*Line of best fit is calculated by linear regression .
Calculation | Outcome | |
---|---|---|
PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 17.6x ÷ 16.8% |
1.05x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
Book Value per Share | Company Filings (2018-12-31) in EUR | €10.12 |
ENXTAM:NEDAP Share Price * | ENXTAM (2019-02-22) in EUR | €46.9 |
Europe Electronic Industry PB Ratio | Median Figure of 169 Publicly-Listed Electronic Companies | 1.9x |
Netherlands Market PB Ratio | Median Figure of 102 Publicly-Listed Companies | 1.89x |
Calculation | Outcome | |
---|---|---|
PB Ratio | = ENXTAM:NEDAP Share Price ÷ Book Value per Share (both in EUR) = 46.9 ÷ 10.12 |
4.63x |
* Primary Listing of N.V. Nederlandsche Apparatenfabriek Nedap.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value (per year) |
---|---|---|
ENXTAM:NEDAP Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 16.8% |
ENXTAM:NEDAP Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 6.9% |
Europe Electronic Industry Earnings Growth Rate | Market Cap Weighted Average | 12.9% |
Europe Electronic Industry Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
Netherlands Market Earnings Growth Rate | Market Cap Weighted Average | 7.4% |
Netherlands Market Revenue Growth Rate | Market Cap Weighted Average | 3.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (1 month ago) | See Below |
Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
---|---|---|---|---|
2023-12-31 | ||||
2022-12-31 | ||||
2021-12-31 | 234 | 35 | 28 | 1 |
2020-12-31 | 217 | 27 | 22 | 2 |
2019-12-31 | 202 | 23 | 19 | 2 |
Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
---|---|---|---|
2018-12-31 | 191 | 18 | 17 |
2018-06-30 | 191 | 16 | 14 |
2018-03-31 | 187 | 15 | 11 |
2017-12-31 | 182 | 13 | 9 |
2017-06-30 | 159 | 9 | 7 |
2017-03-31 | 161 | 9 | 8 |
2016-12-31 | 163 | 9 | 9 |
2016-09-30 | 186 | 10 | 8 |
2016-06-30 | 186 | 10 | 5 |
2016-03-31 | 184 | 11 | 5 |
*GAAP earnings excluding extraordinary items.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (1 month ago) | See Below |
Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from N.V. Nederlandsche Apparatenfabriek Nedap Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
---|---|---|---|---|
2023-12-31 | ||||
2022-12-31 | ||||
2021-12-31 | 4.40 | 4.40 | 4.40 | 1.00 |
2020-12-31 | 3.35 | 3.59 | 3.10 | 2.00 |
2019-12-31 | 2.88 | 2.95 | 2.80 | 2.00 |
Date (Data in EUR Millions) | EPS * |
---|---|
2018-12-31 | 2.66 |
2018-06-30 | 2.10 |
2018-03-31 | 1.71 |
2017-12-31 | 1.34 |
2017-06-30 | 1.11 |
2017-03-31 | 1.24 |
2016-12-31 | 1.37 |
2016-09-30 | 1.17 |
2016-06-30 | 0.74 |
2016-03-31 | 0.72 |
*GAAP earnings excluding extraordinary items.
How has N.V. Nederlandsche Apparatenfabriek Nedap performed over the past 5 years?
All data from N.V. Nederlandsche Apparatenfabriek Nedap Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
---|---|---|---|---|
2018-12-31 | 191.40 | 17.07 | 67.11 | |
2018-06-30 | 191.33 | 13.63 | 64.66 | |
2018-03-31 | 186.76 | 11.28 | 64.21 | |
2017-12-31 | 182.19 | 8.92 | 63.75 | |
2017-06-30 | 158.78 | 7.41 | 58.86 | |
2017-03-31 | 161.01 | 8.29 | 59.48 | |
2016-12-31 | 163.24 | 9.17 | 60.10 | |
2016-09-30 | 186.17 | 7.86 | 72.42 | |
2016-06-30 | 186.37 | 4.93 | 71.05 | |
2016-03-31 | 183.62 | 4.80 | 67.86 | |
2015-12-31 | 180.88 | 4.67 | 64.67 | |
2015-09-30 | 178.66 | 11.36 | 59.55 | |
2015-06-30 | 176.45 | 18.05 | 54.43 | |
2015-03-31 | 176.82 | 17.96 | 53.84 | |
2014-12-31 | 177.19 | 17.88 | 53.25 | |
2014-09-30 | 178.04 | 14.00 | 52.88 | |
2014-06-30 | 178.89 | 10.12 | 52.50 | |
2014-03-31 | 176.30 | 9.96 | 51.87 | |
2013-12-31 | 173.70 | 9.79 | 51.24 | |
2013-09-30 | 171.94 | 10.87 | 49.79 | |
2013-06-30 | 170.18 | 11.95 | 48.34 | |
2013-03-31 | 171.03 | 12.72 | 47.78 | |
2012-12-31 | 171.87 | 13.48 | 47.22 | |
2012-09-30 | 169.19 | 13.67 | 46.42 | |
2012-06-30 | 166.50 | 13.86 | 45.62 | |
2012-03-31 | 159.42 | 12.42 | 44.67 |
*GAAP earnings excluding extraordinary items.
How is N.V. Nederlandsche Apparatenfabriek Nedap's financial health and their level of debt?
All data from N.V. Nederlandsche Apparatenfabriek Nedap Company Filings, last reported 1 month ago.
Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
---|---|---|---|
2018-12-31 | 64.94 | 19.00 | 2.44 |
2018-06-30 | 56.49 | 27.87 | 2.56 |
2018-03-31 | 56.49 | 27.87 | 2.56 |
2017-12-31 | 61.96 | 16.04 | 1.84 |
2017-06-30 | 51.21 | 36.54 | 2.77 |
2017-03-31 | 51.21 | 36.54 | 2.77 |
2016-12-31 | 55.85 | 26.21 | 2.33 |
2016-09-30 | 55.85 | 26.21 | 2.33 |
2016-06-30 | 50.56 | 30.16 | 3.48 |
2016-03-31 | 50.56 | 30.16 | 3.48 |
2015-12-31 | 52.98 | 22.51 | 3.64 |
2015-09-30 | 52.98 | 22.51 | 3.64 |
2015-06-30 | 54.35 | 26.44 | 3.88 |
2015-03-31 | 54.35 | 26.44 | 3.88 |
2014-12-31 | 56.60 | 21.46 | 3.77 |
2014-09-30 | 56.60 | 21.46 | 3.77 |
2014-06-30 | 51.85 | 36.06 | 3.29 |
2014-03-31 | 51.85 | 36.06 | 3.29 |
2013-12-31 | 53.71 | 37.39 | 3.49 |
2013-09-30 | 53.71 | 37.39 | 3.49 |
2013-06-30 | 54.48 | 46.70 | 3.94 |
2013-03-31 | 54.48 | 46.70 | 3.94 |
2012-12-31 | 59.28 | 34.58 | 2.93 |
2012-09-30 | 59.28 | 34.58 | 2.93 |
2012-06-30 | 56.63 | 37.91 | 3.14 |
2012-03-31 | 56.63 | 37.91 | 3.14 |
Purchase N.V. Nederlandsche Apparatenfabriek Nedap on or before the 'Buy Limit' to receive their next dividend payment.
Data Point | Source | Value |
---|---|---|
Past Annualized Dividend Yield | S&P Global Market Data | See Below |
Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
Future Dividends per Share Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
Europe Electronic Industry Average Dividend Yield | Market Cap Weighted Average of 93 Stocks | 1.9% |
Netherlands Market Average Dividend Yield | Market Cap Weighted Average of 67 Stocks | 4% |
Netherlands Minimum Threshold Dividend Yield | 10th Percentile | 1.6% |
Netherlands Bottom 25% Dividend Yield | 25th Percentile | 2.5% |
Netherlands Top 25% Dividend Yield | 75th Percentile | 5.9% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
---|---|---|
2023-12-31 | ||
2022-12-31 | ||
2021-12-31 | 3.95 | 1.00 |
2020-12-31 | 3.10 | 2.00 |
2019-12-31 | 2.70 | 2.00 |
Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
---|---|---|
2019-02-14 | 2.500 | 5.386 |
2018-02-20 | 2.500 | 5.335 |
2018-02-15 | 2.500 | 4.864 |
2017-02-22 | 1.400 | 3.487 |
2017-02-16 | 1.400 | 3.720 |
2016-03-08 | 1.280 | 4.136 |
2016-02-11 | 1.280 | 4.289 |
2015-02-12 | 1.250 | 4.036 |
2014-02-19 | 1.100 | 3.768 |
2014-02-13 | 1.100 | 3.539 |
2013-02-12 | 1.510 | 4.981 |
2012-08-07 | 1.230 | 4.338 |
2012-03-05 | 1.230 | 5.302 |
2012-02-08 | 1.230 | 5.617 |
2011-04-19 | 0.980 | 4.638 |
2010-02-04 | 0.140 | 0.716 |
2009-02-24 | 1.850 | 10.934 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Mr. Ruben M. Wegman serves as Chief Executive Officer at N.V. Nederlandsche Apparatenfabriek Nedap and served as its Interim Head of Energy Systems. Mr. Wegman served as Interim Head of Energy Systems at N.V. Nederlandsche Apparatenfabriek Nedap. He has been Chairman of the Board of Directors at N.V. Nederlandsche Apparatenfabriek Nedap since May 2009. He serves as a Member of Advisory Board at Athom BV.
Average tenure and age of the N.V. Nederlandsche Apparatenfabriek Nedap board of directors in years:
Nederlandsche Apparatenfabriek Nedap (AMS:NEDAP) shareholders have seen the share price rise 59% over three years, well in excess of the market return (48%). … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Nederlandsche Apparatenfabriek Nedap was able to grow its EPS at 56% per year over three years, sending the share price higher.
Simply Wall St - – Full articleHelp shape the future of investing tools and you could win a $250 gift card! … Nederlandsche Apparatenfabriek Nedap (AMS:NEDAP), with a market cap of €277m. … However, an important fact which most ignore is: how financially healthy is the business?
Simply Wall St - – Full articleBuilding up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on N.V. … Nederlandsche Apparatenfabriek Nedap (AMS:NEDAP) due to its excellent fundamentals in more than one area.
Simply Wall St - – Full articleNederlandsche Apparatenfabriek Nedap's (AMS:NEDAP) P/E ratio and reflect on what it tells us about the company's share price. … Nederlandsche Apparatenfabriek Nedap's P/E ratio is 20.18. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleNederlandsche Apparatenfabriek Nedap (AMS:NEDAP) released its earnings update. … the consensus outlook from analysts appear fairly confident, … with earnings expected to grow by 30% in the upcoming year
Simply Wall St - – Full articleand want to begin learning the link between NV Nederlandsche Apparatenfabriek Nedap (AMS:NEDAP)’s return fundamentals and stock market performance. … Nederlandsche Apparatenfabriek Nedap’s capital returns we will look at a useful metric called return on capital employed. … Calculating Return On Capital Employed for NEDAP
Simply Wall St - – Full articleThe big shareholder groups in NV Nederlandsche Apparatenfabriek Nedap (AMS:NEDAP) have power over the company. … Nederlandsche Apparatenfabriek Nedap is a smaller company with a market capitalization of €264m, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company.
Simply Wall St - – Full articleInvestors are always looking for growth in small-cap stocks like NV Nederlandsche Apparatenfabriek Nedap (AMS:NEDAP), with a market cap of €294m. … However, an important fact which most ignore is: how financially healthy is the business?
Simply Wall St - – Full articleNV Nederlandsche Apparatenfabriek Nedap (AMS:NEDAP) is trading with a trailing P/E of 22.6x, which is higher than the industry average of 20.6x. … While this makes NEDAP appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio. … Nederlandsche Apparatenfabriek Nedap
Simply Wall St - – Full articleIn this analysis, my focus will be on developing a perspective on NV Nederlandsche Apparatenfabriek Nedap’s (AMS:NEDAP) latest ownership structure, a less discussed, but important factor. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Therefore, it is beneficial for us to examine NEDAP's ownership structure in more detail.
Simply Wall St - – Full article
N.V. Nederlandsche Apparatenfabriek Nedap, together with its subsidiaries, develops and supplies smart technological solutions worldwide. The company provides software solutions for healthcare industry; and vehicle and people identification products and wireless parking systems. It also offers RFID systems for libraries; power electronics and control systems for the lighting industry; and automation of livestock management process based on identification of individual animals. In addition, the company provides various solutions to improve in-store product availability in the retail sector; security management solutions; and staffing solutions. N.V. Nederlandsche Apparatenfabriek Nedap was founded in 1929 and is headquartered in Groenlo, the Netherlands.
Name: | N.V. Nederlandsche Apparatenfabriek Nedap |
NEDAP | |
Exchange: | ENXTAM |
Founded: | 1929 |
€299,388,307 | |
6,383,546 | |
Website: | http://www.nedap.com |
Address: |
N.V. Nederlandsche Apparatenfabriek Nedap Parallelweg 2, Groenlo, Gelderland, 7141 DC, Netherlands |
Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
---|---|---|---|---|---|---|---|
ENXTAM | NEDAP | Ordinary Shares | Euronext Amsterdam | NL | EUR | 02. Jan 1992 | |
OTCPK | NDDL.F | Ordinary Shares | Pink Sheets LLC | US | USD | 02. Jan 1992 | |
DB | NE3 | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
LSE | 0NNU | Ordinary Shares | London Stock Exchange | GB | EUR | 02. Jan 1992 | |
BATS-CHIXE | NEDAPA | Ordinary Shares | BATS 'Chi-X Europe' | GB | EUR | 02. Jan 1992 |
Electronic Equipment and Instruments | |
Tech |
Area | Date (UTC time) |
---|---|
Company Analysis updated: | 2019/02/23 20:46 |
End of day share price update: | 2019/02/22 00:00 |
Last estimates confirmation: | 2019/02/18 |
Last earnings filing: | 2019/02/14 |
Last earnings reported: | 2018/12/31 |
Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.