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NVG

Navigator Company ENXTLS:NVG Stock Report

Last Price

€3.83

Market Cap

€2.7b

7D

-0.9%

1Y

31.8%

Updated

24 Jun, 2022

Data

Company Financials +
NVG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends5/6

NVG Stock Overview

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

Risk Analysis

Earnings are forecast to decline by an average of 6.6% per year for the next 3 years

Has a high level of debt

Unstable dividend track record


Navigator Company Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Navigator Company
Historical stock prices
Current Share Price€3.83
52 Week High€4.24
52 Week Low€2.75
Beta1.22
1 Month Change-5.76%
3 Month Change13.45%
1 Year Change31.80%
3 Year Change14.06%
5 Year Change1.30%
Change since IPO219.94%

Recent News & Updates

Jun 02
Navigator Company's (ELI:NVG) Shareholders Will Receive A Bigger Dividend Than Last Year

Navigator Company's (ELI:NVG) Shareholders Will Receive A Bigger Dividend Than Last Year

The Navigator Company, S.A.'s ( ELI:NVG ) dividend will be increasing to €0.14 on 7th of June. This will take the...

May 27
Navigator Company (ELI:NVG) Has Some Way To Go To Become A Multi-Bagger

Navigator Company (ELI:NVG) Has Some Way To Go To Become A Multi-Bagger

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Apr 24
Why The Navigator Company, S.A. (ELI:NVG) Could Be Worth Watching

Why The Navigator Company, S.A. (ELI:NVG) Could Be Worth Watching

The Navigator Company, S.A. ( ELI:NVG ), might not be a large cap stock, but it led the ENXTLS gainers with a...

Mar 28
Estimating The Fair Value Of The Navigator Company, S.A. (ELI:NVG)

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

How far off is The Navigator Company, S.A. ( ELI:NVG ) from its intrinsic value? Using the most recent financial data...

Shareholder Returns

NVGPT ForestryPT Market
7D-0.9%-2.7%0.9%
1Y31.8%-2.0%13.4%

Return vs Industry: NVG exceeded the Portuguese Forestry industry which returned -2% over the past year.

Return vs Market: NVG exceeded the Portuguese Market which returned 13.4% over the past year.

Price Volatility

Is NVG's price volatile compared to industry and market?
NVG volatility
NVG Average Weekly Movement3.1%
Forestry Industry Average Movement5.0%
Market Average Movement4.2%
10% most volatile stocks in PT Market5.6%
10% least volatile stocks in PT Market3.0%

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
19533,129Antonio Jose Redondohttps://www.thenavigatorcompany.com

The Navigator Company, S.A. manufactures and markets pulp and paper products. The company operates through Market Pulp, UWF Paper, Tissue Paper, and Energy 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€2.72b
Earnings (TTM)€198.50m
Revenue (TTM)€1.75b

13.7x

P/E Ratio

1.6x

P/S Ratio

Is NVG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
NVG income statement (TTM)
Revenue€1.75b
Cost of Revenue€1.15b
Gross Profit€596.28m
Other Expenses€397.78m
Earnings€198.50m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 21, 2022

Earnings per share (EPS)0.28
Gross Margin34.09%
Net Profit Margin11.35%
Debt/Equity Ratio68.1%

How did NVG perform over the long term?

See historical performance and comparison

Dividends

7.3%

Current Dividend Yield

76%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is NVG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NVG?

Other financial metrics that can be useful for relative valuation.

NVG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA8.1x
PEG Ratio-2.1x

Price to Earnings Ratio vs Peers

How does NVG's PE Ratio compare to its peers?

NVG PE Ratio vs Peers
The above table shows the PE ratio for NVG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.3x

Price-To-Earnings vs Peers: NVG is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (9.3x).

Price to Earnings Ratio vs Industry

How does NVG's PE Ratio compare vs other companies in the Forestry Industry?

Price-To-Earnings vs Industry: NVG is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the European Forestry industry average (9.6x)

Price to Earnings Ratio vs Fair Ratio

What is NVG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NVG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.7x
Fair PE Ratio12x

Price-To-Earnings vs Fair Ratio: NVG is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the estimated Fair Price-To-Earnings Ratio (12x).

Share Price vs Fair Value

What is the Fair Price of NVG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NVG (€3.83) is trading above our estimate of fair value (€3.24)

Significantly Below Fair Value: NVG is trading above our estimate of fair value.

Price to Earnings Growth Ratio

PEG Ratio: NVG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

-6.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NVG's earnings are forecast to decline over the next 3 years (-6.6% per year).

Earnings vs Market: NVG's earnings are forecast to decline over the next 3 years (-6.6% per year).

High Growth Earnings: NVG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NVG's revenue (0.7% per year) is forecast to grow slower than the Portuguese market (4.5% per year).

High Growth Revenue: NVG's revenue (0.7% 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 (17.4%).

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Past Performance

How has Navigator Company performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE

-12.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NVG has high quality earnings.

Growing Profit Margin: NVG's current net profit margins (11.3%) are higher than last year (7.7%).

Past Earnings Growth Analysis

Earnings Trend: NVG's earnings have declined by 12.1% per year over the past 5 years.

Accelerating Growth: NVG's earnings growth over the past year (94.4%) exceeds its 5-year average (-12.1% per year).

Earnings vs Industry: NVG earnings growth over the past year (94.4%) underperformed the Forestry industry 94.4%.

Return on Equity

High ROE: NVG's Return on Equity (18.4%) is considered low.

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Financial Health

How is Navigator Company's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NVG's short term assets (€855.5M) exceed its short term liabilities (€695.0M).

Long Term Liabilities: NVG's short term assets (€855.5M) do not cover its long term liabilities (€886.6M).

Debt to Equity History and Analysis

Debt Level: NVG's net debt to equity ratio (47.3%) is considered high.

Reducing Debt: NVG's debt to equity ratio has increased from 56% to 68.1% over the past 5 years.

Debt Coverage: NVG's debt is well covered by operating cash flow (49%).

Interest Coverage: NVG's interest payments on its debt are well covered by EBIT (23.8x coverage).

Balance Sheet

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Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

7.34%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: NVG's dividend (7.34%) is higher than the bottom 25% of dividend payers in the Portuguese market (3.86%).

High Dividend: NVG's dividend (7.34%) is in the top 25% of dividend payers in the Portuguese market (5.51%)

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 increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (75.6%), NVG's payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (73.7%), NVG's dividend payments are covered by cash flows.

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Management

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

7.0yrs

Average board tenure

CEO

Antonio Jose Redondo

2.42yrs

Tenure

€1,508,316

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 ($USD1.59M) is about average for companies of similar size in the Portuguese market ($USD1.93M).

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 (7 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
  • Implied Market Cap: €2.724b
  • Shares outstanding: 711.18m
  • Website: https://www.thenavigatorcompany.com

Number of Employees

Location

  • The Navigator Company, S.A.
  • Mitrena – 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 Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.