ENXTAM:NEWAY

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Neways Electronics International

Executive Summary

Neways Electronics International N.V. operates as an electronic manufacturing service company that provides integrated electronic components and systems worldwide.


Snowflake Analysis

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

How has Neways Electronics International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NEWAY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

19.0%

NEWAY

3.5%

NL Electronic

1.8%

NL Market


1 Year Return

-41.4%

NEWAY

13.8%

NL Electronic

-13.2%

NL Market

Return vs Industry: NEWAY underperformed the Dutch Electronic industry which returned 12% over the past year.

Return vs Market: NEWAY underperformed the Dutch Market which returned -14% over the past year.


Shareholder returns

NEWAYIndustryMarket
7 Day19.0%3.5%1.8%
30 Day15.7%7.1%3.6%
90 Day-3.8%0.9%-4.6%
1 Year-41.4%-41.4%15.2%13.8%-10.3%-13.2%
3 Year-37.0%-40.6%26.5%21.0%2.2%-8.3%
5 Year-1.1%-10.4%69.3%56.0%21.0%-1.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Neways Electronics International undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NEWAY (€7.5) is trading below our estimate of fair value (€134.21)

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


Price To Earnings Ratio

PE vs Industry: NEWAY is good value based on its PE Ratio (10.7x) compared to the Electronic industry average (19.3x).

PE vs Market: NEWAY is good value based on its PE Ratio (10.7x) compared to the Dutch market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NEWAY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NEWAY is good value based on its PB Ratio (0.9x) compared to the XE Electronic industry average (1.9x).


Next Steps

Future Growth

How is Neways Electronics International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.4%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Neways Electronics International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Neways Electronics International performed over the past 5 years?

17.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NEWAY has high quality earnings.

Growing Profit Margin: NEWAY's current net profit margins (1.6%) are lower than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: NEWAY's earnings have grown by 17.5% per year over the past 5 years.

Accelerating Growth: NEWAY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NEWAY had negative earnings growth (-41%) over the past year, making it difficult to compare to the Electronic industry average (-1.6%).


Return on Equity

High ROE: NEWAY's Return on Equity (8%) is considered low.


Next Steps

Financial Health

How is Neways Electronics International's financial position?


Financial Position Analysis

Short Term Liabilities: NEWAY's short term assets (€187.4M) exceed its short term liabilities (€134.7M).

Long Term Liabilities: NEWAY's short term assets (€187.4M) exceed its long term liabilities (€36.9M).


Debt to Equity History and Analysis

Debt Level: NEWAY's debt to equity ratio (34.4%) is considered satisfactory.

Reducing Debt: NEWAY's debt to equity ratio has reduced from 54.6% to 34.4% over the past 5 years.

Debt Coverage: NEWAY's debt is well covered by operating cash flow (80.6%).

Interest Coverage: NEWAY's interest payments on its debt are well covered by EBIT (6.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Neways Electronics International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NEWAY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NEWAY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NEWAY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NEWAY's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: NEWAY is not paying a notable dividend for the Dutch market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NEWAY's dividend in 3 years as they are not forecast to pay a notable one for the Dutch market.


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Eric Stodel (54yo)

0.33

Tenure

Mr. Eric Stodel is the CEO and Chairman of the Executive Board at Neways Electronics International N.V. since January 1, 2020. He served as Chief Executive Officer of Marinoffs. Mr. Stodel has held various ...


Leadership Team

NamePositionTenureCompensationOwnership
Paul H. de Koning
CFO & Director5.08yrs€478.00k0.23% 209.6k
Adrie A. van Bragt
COO & Director5.33yrs€480.00k0.19% 177.8k
Huub W. van der Vrande
Senior Vice President0.33yr€553.00k0.23% 212.6k
Eric Stodel
CEO & Chairman of the Board of Directors0.33yrno datano data
Jack Kromhof
Director of Cableno datano datano data
Ruud Meeren
Corporate Head of Legal Affairsno datano datano data
Joan Leeuwenburg
Corporate Head of Human Resourcesno datano datano data
Hans Ketelaars
Managing Director of Neways Technologiesno datano datano data
Michel Postma
Managing Director of Neways Leeuwarden B.V.no datano datano data
Bob Konings
Managing Director of Neways Industrial Systems B.V.no datano datano data

2.7yrs

Average Tenure

54yo

Average Age

Experienced Management: NEWAY's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Petrus Antonius van Bommel
Independent Member of Supervisory Board5.08yrs€30.00kno data
Hans Büthker
Member of Supervisory Board0.083yrno datano data
Henk Scheepers
Independent Chairman of Supervisory Board5.08yrs€40.00kno data
Karin de Jong
Member of Supervisory Board0.083yrno datano data

2.6yrs

Average Tenure

58.5yo

Average Age

Experienced Board: NEWAY's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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

Neways Electronics International N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Neways Electronics International N.V.
  • Ticker: NEWAY
  • Exchange: ENXTAM
  • Founded: 1969
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: €91.287m
  • Shares outstanding: 12.17m
  • Website: https://www.newayselectronics.com

Number of Employees


Location

  • Neways Electronics International N.V.
  • Science Park Eindhoven 5010
  • Son
  • Noord-Brabant
  • 5692 EA
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NEWAYENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURJan 1992
0NEBLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
NEWAYABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992

Biography

Neways Electronics International N.V. operates as an electronic manufacturing service company that provides integrated electronic components and systems worldwide. It offers development and design services, such as hardware, software, electronic, mechanical, and electro mechanical design, as well as system architecture and environmental testing services. The company also provides printed circuit board assembly, box build, cable and wire, and system integration services, as well as hybrid microelectronics. Its solutions are used in various sectors, including the automotive, medical, defense, industrial, and semiconductor, as well as other industries. The company was founded in 1969 and is headquartered in Son, the Netherlands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 21:11
End of Day Share Price2020/05/28 00:00
Earnings2019/12/31
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.