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NVG

Navigator CompanyENXTLS:NVG Stock Report

Market Cap

€2.3b

7D

4.3%

1Y

73.4%

Updated

26 Oct, 2021

Data

Company Financials +
NVG fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance3/6
Financial Health3/6
Dividends2/6

NVG Overview

The Navigator Company, S.A. manufactures and markets pulp and paper products in Portugal.

Navigator Company Competitors

Altri SGPS

ENXTLS:ALTR

€1.2b

Weyerhaeuser

NYSE:WY

US$27.6b

International Paper

NYSE:IP

US$20.7b

UPM-Kymmene Oyj

HLSE:UPM

€16.7b

Price History & Performance

Summary of all time highs, changes and price drops for Navigator Company
Historical stock prices
Current Share Price€3.22
52 Week High€1.85
52 Week Low€3.27
Beta1.36
1 Month Change6.13%
3 Month Change4.34%
1 Year Change73.41%
3 Year Change-26.77%
5 Year Change22.09%
Change since IPO169.15%

Recent News & Updates

Oct 25
Returns On Capital At Navigator Company (ELI:NVG) Paint A Concerning Picture

Returns On Capital At Navigator Company (ELI:NVG) Paint A Concerning Picture

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...

Sep 18
Does Navigator Company (ELI:NVG) Have A Healthy Balance Sheet?

Does Navigator Company (ELI:NVG) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Sep 02
Should You Think About Buying The Navigator Company, S.A. (ELI:NVG) Now?

Should You Think About Buying The Navigator Company, S.A. (ELI:NVG) Now?

The Navigator Company, S.A. ( ELI:NVG ), is not the largest company out there, but it saw a double-digit share price...

Aug 20
Estimating The Intrinsic Value Of The Navigator Company, S.A. (ELI:NVG)

Estimating The Intrinsic Value Of The Navigator Company, S.A. (ELI:NVG)

Today we will run through one way of estimating the intrinsic value of The Navigator Company, S.A. ( ELI:NVG ) by...

Shareholder Returns

NVGPT ForestryPT Market
7D4.3%1.0%1.9%
1Y73.4%24.7%34.2%

Return vs Industry: NVG exceeded the Portuguese Forestry industry which returned 21.8% over the past year.

Return vs Market: NVG exceeded the Portuguese Market which returned 33% over the past year.

Price Volatility

Is NVG's price volatile compared to industry and market?
NVG volatility
NVG Beta1.36
Industry Beta0.88
Market Beta1

Stable Share Price: NVG is less volatile than 75% of Portuguese stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: NVG's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19533,169Antonio Jose Redondohttps://www.thenavigatorcompany.com

The Navigator Company, S.A. manufactures and markets pulp and paper products in Portugal. The company operates through Market Pulp, UWF Paper, Tissue Paper, Energy, and Other segments. It produces bleached eucalyptus kraft pulp, uncoated writing and printing thin paper, and domestic consumption paper under the Navigator, Multioffice, Discovery, explorer, Inacopia, Target, Pioneer, SOPORSET, INASET, and target plus brands for professional and home use.

Navigator Company Fundamentals Summary

How do Navigator Company's earnings and revenue compare to its market cap?
NVG fundamental statistics
Market Cap€2.29b
Earnings (TTM)€129.60m
Revenue (TTM)€1.41b

17.7x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NVG income statement (TTM)
Revenue€1.41b
Cost of Revenue€959.47m
Gross Profit€446.67m
Expenses€317.08m
Earnings€129.60m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)0.18
Gross Margin31.77%
Net Profit Margin9.22%
Debt/Equity Ratio85.5%

How did NVG perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

77%

Payout Ratio

Valuation

Is Navigator Company undervalued compared to its fair value and its price relative to the market?

1.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NVG (€3.22) is trading below our estimate of fair value (€3.27)

Significantly Below Fair Value: NVG is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: NVG is poor value based on its PE Ratio (17.7x) compared to the European Forestry industry average (16.8x).

PE vs Market: NVG is poor value based on its PE Ratio (17.7x) compared to the Portuguese market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: NVG is poor value based on its PEG Ratio (3.3x)


Price to Book Ratio

PB vs Industry: NVG is overvalued based on its PB Ratio (2.3x) compared to the XE Forestry industry average (1.4x).


Future Growth

How is Navigator Company forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

5.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NVG's forecast earnings growth (5.4% per year) is above the savings rate (1.4%).

Earnings vs Market: NVG's earnings (5.4% per year) are forecast to grow slower than the Portuguese market (11.9% per year).

High Growth Earnings: NVG's earnings are forecast to grow, but not significantly.

Revenue vs Market: NVG's revenue (1.4% per year) is forecast to grow slower than the Portuguese market (6.4% per year).

High Growth Revenue: NVG's revenue (1.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NVG's Return on Equity is forecast to be low in 3 years time (15.1%).


Past Performance

How has Navigator Company performed over the past 5 years?

-12.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NVG has high quality earnings.

Growing Profit Margin: NVG's current net profit margins (9.2%) are higher than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: NVG's earnings have declined by 12.2% per year over the past 5 years.

Accelerating Growth: NVG's earnings growth over the past year (10.4%) exceeds its 5-year average (-12.2% per year).

Earnings vs Industry: NVG earnings growth over the past year (10.4%) underperformed the Forestry industry 13%.


Return on Equity

High ROE: NVG's Return on Equity (13.1%) is considered low.


Financial Health

How is Navigator Company's financial position?


Financial Position Analysis

Short Term Liabilities: NVG's short term assets (€616.7M) exceed its short term liabilities (€544.9M).

Long Term Liabilities: NVG's short term assets (€616.7M) do not cover its long term liabilities (€893.3M).


Debt to Equity History and Analysis

Debt Level: NVG's debt to equity ratio (85.5%) is considered high.

Reducing Debt: NVG's debt to equity ratio has increased from 75% to 85.5% over the past 5 years.

Debt Coverage: NVG's debt is well covered by operating cash flow (41.4%).

Interest Coverage: NVG's interest payments on its debt are well covered by EBIT (9.6x coverage).


Balance Sheet


Dividend

What is Navigator Company current dividend yield, its reliability and sustainability?

4.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NVG's dividend (4.35%) is higher than the bottom 25% of dividend payers in the Portuguese market (1.62%).

High Dividend: NVG's dividend (4.35%) is low compared to the top 25% of dividend payers in the Portuguese market (5.42%).


Stability and Growth of Payments

Stable Dividend: NVG's dividend payments have been volatile in the past 10 years.

Growing Dividend: NVG's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.8%), NVG's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NVG's dividends in 3 years are not forecast to be well covered by earnings (97.7% payout ratio).


Next Steps

Management

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

6.5yrs

Average board tenure


CEO

Antonio Jose Redondo

1.75yrs

Tenure

€841,683

Compensation

Mr. António José Pereira Redondo is the Chief Executive Officer at The Navigator Company, S.A. since January 1, 2020 and serves as its Chairman of Management Board. He served as Head of Pulp, Paper, Sales,...


CEO Compensation Analysis

Compensation vs Market: Antonio Jose's total compensation ($USD975.86K) is about average for companies of similar size in the Portuguese market ($USD1.13M).

Compensation vs Earnings: Antonio Jose's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: NVG's board of directors are considered experienced (6.5 years average tenure).


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

The Navigator Company, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: The Navigator Company, S.A.
  • Ticker: NVG
  • Exchange: ENXTLS
  • Founded: 1953
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: €2.291b
  • Shares outstanding: 711.18m
  • Website: https://www.thenavigatorcompany.com

Number of Employees


Location

  • The Navigator Company, S.A.
  • Apartado 55
  • Apartado 55
  • Setúbal
  • Lisbon
  • 2901-861
  • Portugal

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 21:15
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.