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N.V. Nederlandsche Apparatenfabriek Nedap

ENXTAM:NEDAP
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NEDAP
ENXTAM
€299M
Market Cap
  1. Home
  2. NL
  3. Tech
Company description

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.


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NEDAP Share Price and Events
7 Day Returns
4.5%
ENXTAM:NEDAP
0.9%
Europe Electronic
0.1%
NL Market
1 Year Returns
-8.8%
ENXTAM:NEDAP
-5.4%
Europe Electronic
1.3%
NL Market
NEDAP Shareholder Return
  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%
1 Year Return vs Industry and Market
  • NEDAP underperformed the Electronic industry which returned -5.4% over the past year.
  • NEDAP underperformed the Market in Netherlands which returned 1.3% over the past year.
Price Volatility
NEDAP
Industry
5yr Volatility vs Market

Value

 Is N.V. Nederlandsche Apparatenfabriek Nedap undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of N.V. Nederlandsche Apparatenfabriek Nedap to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for N.V. Nederlandsche Apparatenfabriek Nedap.

ENXTAM:NEDAP Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for ENXTAM:NEDAP
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.

ENXTAM:NEDAP DCF 1st Stage: Next 5 year cash flow forecast
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
ENXTAM:NEDAP DCF 2nd Stage: Terminal Value
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
ENXTAM:NEDAP Total Equity Value
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
ENXTAM:NEDAP Discount to Share Price
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 .

Current Discount
Amount off the current price N.V. Nederlandsche Apparatenfabriek Nedap is available for.
Intrinsic value
8%
Share price is €46.9 vs Future cash flow value of €51.23
Current Discount Checks
For N.V. Nederlandsche Apparatenfabriek Nedap to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • N.V. Nederlandsche Apparatenfabriek Nedap's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • N.V. Nederlandsche Apparatenfabriek Nedap's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for N.V. Nederlandsche Apparatenfabriek Nedap's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are N.V. Nederlandsche Apparatenfabriek Nedap's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTAM:NEDAP PE (Price to Earnings) Ratio Data Sources
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.

ENXTAM:NEDAP PE (Price to Earnings) Ratio Calculation
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 >

  • N.V. Nederlandsche Apparatenfabriek Nedap is overvalued based on earnings compared to the Europe Electronic industry average.
  • N.V. Nederlandsche Apparatenfabriek Nedap is overvalued based on earnings compared to the Netherlands market.
Price based on expected Growth
Does N.V. Nederlandsche Apparatenfabriek Nedap's expected growth come at a high price?
Raw Data
ENXTAM:NEDAP PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

ENXTAM:NEDAP PEG (Price to Earnings to Growth) Ratio Calculation
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 >

  • N.V. Nederlandsche Apparatenfabriek Nedap is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on N.V. Nederlandsche Apparatenfabriek Nedap's assets?
Raw Data
ENXTAM:NEDAP PB (Price to Book) Ratio Data Sources
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
ENXTAM:NEDAP PB (Price to Book) Ratio Calculation
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 >

  • N.V. Nederlandsche Apparatenfabriek Nedap is overvalued based on assets compared to the Europe Electronic industry average.
X
Value checks
We assess N.V. Nederlandsche Apparatenfabriek Nedap's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. N.V. Nederlandsche Apparatenfabriek Nedap has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is N.V. Nederlandsche Apparatenfabriek Nedap expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is N.V. Nederlandsche Apparatenfabriek Nedap expected to grow at an attractive rate?
  • N.V. Nederlandsche Apparatenfabriek Nedap's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • N.V. Nederlandsche Apparatenfabriek Nedap's earnings growth is expected to exceed the Netherlands market average.
  • N.V. Nederlandsche Apparatenfabriek Nedap's revenue growth is expected to exceed the Netherlands market average.
Annual Growth Rates Comparison
Raw Data
ENXTAM:NEDAP Future Growth Rates Data Sources
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.

Analysts growth expectations
Raw Data
ENXTAM:NEDAP Analysts Growth Expectations Data Sources
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 numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTAM:NEDAP Future Estimates Data
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
ENXTAM:NEDAP Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • N.V. Nederlandsche Apparatenfabriek Nedap's earnings are expected to grow by 16.8% yearly, however this is not considered high growth (20% yearly).
  • N.V. Nederlandsche Apparatenfabriek Nedap's revenue is expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTAM:NEDAP Past and Future Earnings per Share
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.

ENXTAM:NEDAP Future Estimates Data
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
ENXTAM:NEDAP Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • N.V. Nederlandsche Apparatenfabriek Nedap is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess N.V. Nederlandsche Apparatenfabriek Nedap's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
N.V. Nederlandsche Apparatenfabriek Nedap has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has N.V. Nederlandsche Apparatenfabriek Nedap performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare N.V. Nederlandsche Apparatenfabriek Nedap's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • N.V. Nederlandsche Apparatenfabriek Nedap's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • N.V. Nederlandsche Apparatenfabriek Nedap's 1-year earnings growth exceeds its 5-year average (91.3% vs -2.2%)
  • N.V. Nederlandsche Apparatenfabriek Nedap's earnings growth has exceeded the Europe Electronic industry average in the past year (91.3% vs 10.7%).
Earnings and Revenue History
N.V. Nederlandsche Apparatenfabriek Nedap's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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.

ENXTAM:NEDAP Past Revenue, Cash Flow and Net Income Data
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.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • N.V. Nederlandsche Apparatenfabriek Nedap has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • N.V. Nederlandsche Apparatenfabriek Nedap used its assets more efficiently than the Europe Electronic industry average last year based on Return on Assets.
  • N.V. Nederlandsche Apparatenfabriek Nedap has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess N.V. Nederlandsche Apparatenfabriek Nedap's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
N.V. Nederlandsche Apparatenfabriek Nedap has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is N.V. Nederlandsche Apparatenfabriek Nedap's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up N.V. Nederlandsche Apparatenfabriek Nedap's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • N.V. Nederlandsche Apparatenfabriek Nedap is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • N.V. Nederlandsche Apparatenfabriek Nedap's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of N.V. Nederlandsche Apparatenfabriek Nedap's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from N.V. Nederlandsche Apparatenfabriek Nedap Company Filings, last reported 1 month ago.

ENXTAM:NEDAP Past Debt and Equity Data
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
  • N.V. Nederlandsche Apparatenfabriek Nedap's level of debt (29.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (69.6% vs 29.3% today).
  • Debt is well covered by operating cash flow (95.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 86.9x coverage).
X
Financial health checks
We assess N.V. Nederlandsche Apparatenfabriek Nedap's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. N.V. Nederlandsche Apparatenfabriek Nedap has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is N.V. Nederlandsche Apparatenfabriek Nedap's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.33%
Current annual income from N.V. Nederlandsche Apparatenfabriek Nedap dividends. Estimated to be 6.63% next year.
If you bought €2,000 of N.V. Nederlandsche Apparatenfabriek Nedap shares you are expected to receive €107 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • N.V. Nederlandsche Apparatenfabriek Nedap's pays a higher dividend yield than the bottom 25% of dividend payers in Netherlands (2.47%).
  • N.V. Nederlandsche Apparatenfabriek Nedap's dividend is below the markets top 25% of dividend payers in Netherlands (5.92%).
Upcoming dividend payment

Purchase N.V. Nederlandsche Apparatenfabriek Nedap on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTAM:NEDAP Annualized Past and Future Dividends
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.

ENXTAM:NEDAP Future Dividends Estimate Data
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
ENXTAM:NEDAP Past Annualized Dividends Data
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 >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of N.V. Nederlandsche Apparatenfabriek Nedap's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess N.V. Nederlandsche Apparatenfabriek Nedap's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can N.V. Nederlandsche Apparatenfabriek Nedap afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. N.V. Nederlandsche Apparatenfabriek Nedap has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of N.V. Nederlandsche Apparatenfabriek Nedap's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ruben Wegman
COMPENSATION €794,000
AGE 51
CEO Bio

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.

CEO Compensation
  • Ruben's compensation has been consistent with company performance over the past year.
  • Ruben's remuneration is about average for companies of similar size in Netherlands.
Management Team

Ruben Wegman

TITLE
Chairman of the Board of Directors & CEO
COMPENSATION
€794K
AGE
51

Eric Urff

TITLE
CFO & Director
COMPENSATION
€647K
AGE
50
TENURE
4.4 yrs

J. Somsen

TITLE
Head of Light Controls
AGE
54

R. Schuurman

TITLE
Head of Retail
AGE
47

A. B. Verstege

TITLE
Head of Livestock Management
AGE
55

P. G. Oostendorp

TITLE
Head of Nedap SMART
AGE
54

G. J. Droppers

TITLE
Head of Healthcare
AGE
48

G. Hollander

TITLE
Head of Staffing Solutions
AGE
35

F. van Zee

TITLE
Head of Security Management
AGE
43
Board of Directors Tenure

Average tenure and age of the N.V. Nederlandsche Apparatenfabriek Nedap board of directors in years:

4.5
Average Tenure
65
Average Age
  • The tenure for the N.V. Nederlandsche Apparatenfabriek Nedap board of directors is about average.
Board of Directors

G. Kolff

TITLE
Chairman of Supervisory Board
AGE
70
TENURE
6.8 yrs

Jo van Engelen

TITLE
Supervisory Board Vice Chairman
AGE
59
TENURE
2.1 yrs

Michiel Westermann

TITLE
Supervisory Board Member
AGE
66
TENURE
9.8 yrs

Margot Scheltema

TITLE
Member of Supervisory Board
AGE
64
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess N.V. Nederlandsche Apparatenfabriek Nedap's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. N.V. Nederlandsche Apparatenfabriek Nedap has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

If You Had Bought N.V. Nederlandsche Apparatenfabriek Nedap Shares Three Years Ago You'd Have Made 59%

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 -

How Financially Strong Is N.V. Nederlandsche Apparatenfabriek Nedap (AMS:NEDAP)?

Help 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 -

Should You Consider N.V. Nederlandsche Apparatenfabriek Nedap (AMS:NEDAP)?

Building 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 -

Is N.V. Nederlandsche Apparatenfabriek Nedap's (AMS:NEDAP) High P/E Ratio A Problem For Investors?

Nederlandsche 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 -

N.V. Nederlandsche Apparatenfabriek Nedap (AMS:NEDAP): Will The Growth Last?

Nederlandsche 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 -

What Do You Get For Owning NV Nederlandsche Apparatenfabriek Nedap (AMS:NEDAP)?

and 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 -

Do Institutions Own NV Nederlandsche Apparatenfabriek Nedap (AMS:NEDAP) Shares?

The 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 -

How Financially Strong Is NV Nederlandsche Apparatenfabriek Nedap (AMS:NEDAP)?

Investors 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 -

Does NV Nederlandsche Apparatenfabriek Nedap's (AMS:NEDAP) PE Ratio Warrant A Sell?

NV 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 -

What Does NV Nederlandsche Apparatenfabriek Nedap's (AMS:NEDAP) Ownership Structure Look Like?

In 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 -

Company Info

Map
Description

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.

Details
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
Listings
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
Number of employees
Current staff
Staff numbers
681
N.V. Nederlandsche Apparatenfabriek Nedap employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
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.