ENXTAM:NEDAP

Stock Analysis Report

N.V. Nederlandsche Apparatenfabriek Nedap

Executive Summary

N.V. Nederlandsche Apparatenfabriek Nedap, together with its subsidiaries, develops and supplies smart technological solutions worldwide.

Snowflake

Fundamentals

Outstanding track record with excellent balance sheet.

Risks

  • N.V. Nederlandsche Apparatenfabriek Nedap is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has N.V. Nederlandsche Apparatenfabriek Nedap's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.7%

ENXTAM:NEDAP

4.2%

NL Electronic

1.3%

NL Market


1 Year Return

-9.4%

ENXTAM:NEDAP

1.0%

NL Electronic

3.4%

NL Market

NEDAP underperformed the Electronic industry which returned 1% over the past year.

NEDAP underperformed the Market in Netherlands which returned 3.4% over the past year.


Share holder returns

NEDAPIndustryMarket
7 Day2.7%4.2%1.3%
30 Day2.2%8.0%5.6%
90 Day-5.1%3.0%1.9%
1 Year-4.9%-9.4%2.8%1.0%8.0%3.4%
3 Year75.6%54.0%31.8%26.2%46.8%30.6%
5 Year91.3%55.3%92.5%76.1%54.6%23.3%

Price Volatility Vs. Market

How volatile is N.V. Nederlandsche Apparatenfabriek Nedap's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

43%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

N.V. Nederlandsche Apparatenfabriek Nedap's share price is below the future cash flow value, and at a moderate discount (> 20%).

N.V. Nederlandsche Apparatenfabriek Nedap's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

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

N.V. Nederlandsche Apparatenfabriek Nedap is poor value based on expected growth next year.


Price Based on Value of Assets

N.V. Nederlandsche Apparatenfabriek Nedap is overvalued based on assets compared to the Europe Electronic industry average.


Next Steps

Future Growth

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

14.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

N.V. Nederlandsche Apparatenfabriek Nedap's revenue is expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).

N.V. Nederlandsche Apparatenfabriek Nedap's earnings are expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).

N.V. Nederlandsche Apparatenfabriek Nedap's revenue growth is expected to exceed the Netherlands market average.

N.V. Nederlandsche Apparatenfabriek Nedap's earnings growth is expected to exceed the Netherlands market average.

N.V. Nederlandsche Apparatenfabriek Nedap's earnings growth is expected to exceed the low risk savings rate of 0.4%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if N.V. Nederlandsche Apparatenfabriek Nedap will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

2.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

N.V. Nederlandsche Apparatenfabriek Nedap's year on year earnings growth rate has been positive over the past 5 years.

N.V. Nederlandsche Apparatenfabriek Nedap's 1-year earnings growth exceeds its 5-year average (10.2% vs 2.6%)

N.V. Nederlandsche Apparatenfabriek Nedap's earnings growth has exceeded the Europe Electronic industry average in the past year (10.2% vs 5.6%).


Return on Equity

N.V. Nederlandsche Apparatenfabriek Nedap has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

N.V. Nederlandsche Apparatenfabriek Nedap used its assets more efficiently than the Europe Electronic industry average last year based on Return on Assets.


Return on Capital Employed

N.V. Nederlandsche Apparatenfabriek Nedap has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is N.V. Nederlandsche Apparatenfabriek Nedap's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

N.V. Nederlandsche Apparatenfabriek Nedap's level of debt (50.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (69.2% vs 50.2% today).

Debt is well covered by operating cash flow (79%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 75.4x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.7x debt.


Next Steps

Dividend

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

7.94%

Expected Dividend Yield


Dividend Yield and Payments Analysis

N.V. Nederlandsche Apparatenfabriek Nedap's pays a higher dividend yield than the bottom 25% of dividend payers in Netherlands (2.24%).

N.V. Nederlandsche Apparatenfabriek Nedap's dividend is below the markets top 25% of dividend payers in Netherlands (5.83%).

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

Dividends paid are not well covered by earnings (0.9x coverage).


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (1.1x coverage).


Next Steps

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?

2.0yrs

Average board tenure


CEO

Ruben Wegman (53yo)

0yrs

Tenure

€815,000

Compensation

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 ...


CEO Compensation Analysis

Ruben's remuneration is about average for companies of similar size in Netherlands.

Ruben's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

2.0yrs

Average Tenure

62.5yo

Average Age

The average tenure for the N.V. Nederlandsche Apparatenfabriek Nedap board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Ruben Wegman (53yo)

    Chairman of the Board of Directors & CEO

    • Tenure: 0yrs
    • Compensation: €815.00k
  • Eric Urff (52yo)

    CFO & Director

    • Tenure: 5yrs
    • Compensation: €667.00k

Board Members

  • Jo van Engelen (60yo)

    Supervisory Board Vice Chairman

    • Tenure: 2.7yrs
  • Margot Scheltema (65yo)

    Member of Supervisory Board

    • Tenure: 1.4yrs
  • G. Kolff (71yo)

    Chairman of Supervisory Board

    • Tenure: 7.4yrs
  • M. Pijnenborg (49yo)

    Supervisory Board Member

    • Tenure: 0.7yrs

Company Information

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


Key Information

  • Name: N.V. Nederlandsche Apparatenfabriek Nedap
  • Ticker: NEDAP
  • Exchange: ENXTAM
  • Founded: 1929
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €298.121m
  • Shares outstanding: 6.45m
  • Website: https://www.nedap.com

Number of Employees


Location

  • N.V. Nederlandsche Apparatenfabriek Nedap
  • 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

N.V. Nederlandsche Apparatenfabriek Nedap, together with its subsidiaries, develops and supplies smart technological solutions worldwide. The company provides software solutions for healthcare industry; an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 20:40
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.