NasdaqCM:NNDM

Stock Analysis Report

Executive Summary

Nano Dimension Ltd., through its subsidiaries, operates as an additive electronics provider.

Risk Analysis

Earnings have declined by -24.71% per year over past 5 years

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 2 more risks


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has Nano Dimension's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

7.1%

NNDM

-0.5%

US Tech

0.06%

US Market


1 Year Return

-83.6%

NNDM

78.2%

US Tech

19.4%

US Market

Return vs Industry: NNDM underperformed the US Tech industry which returned 78.2% over the past year.

Return vs Market: NNDM underperformed the US Market which returned 19.4% over the past year.


Shareholder returns

NNDMIndustryMarket
7 Day7.1%-0.5%0.06%
30 Day-40.6%-0.3%1.1%
90 Day-48.8%19.5%8.9%
1 Year-83.6%-83.6%80.8%78.2%21.9%19.4%
3 Year-97.9%-97.9%126.9%111.2%48.9%39.3%
5 Yearn/a141.5%118.0%71.9%53.1%

Price Volatility Vs. Market

How volatile is Nano Dimension's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Nano Dimension undervalued compared to its fair value and its price relative to the market?

0.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate NNDM's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate NNDM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: NNDM is unprofitable, so we can't compare its PE Ratio to the Tech industry average.

PE vs Market: NNDM is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NNDM is good value based on its PB Ratio (0.5x) compared to the US Tech industry average (1.8x).


Next Steps

Future Growth

How is Nano Dimension forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.4%

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 Nano Dimension 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 Nano Dimension performed over the past 5 years?

-24.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NNDM is currently unprofitable.

Growing Profit Margin: NNDM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NNDM is unprofitable, and losses have increased over the past 5 years at a rate of -24.7% per year.

Accelerating Growth: Unable to compare NNDM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NNDM is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (0.4%).


Return on Equity

High ROE: NNDM has a negative Return on Equity (-100.16%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Nano Dimension's financial position?


Financial Position Analysis

Short Term Liabilities: NNDM's short term assets ($11.9M) exceed its short term liabilities ($3.9M).

Long Term Liabilities: NNDM's short term assets ($11.9M) exceed its long term liabilities ($11.9M).


Debt to Equity History and Analysis

Debt Level: NNDM's debt to equity ratio (62.3%) is considered high.

Reducing Debt: NNDM's debt to equity ratio has increased from 4.5% to 62.3% over the past 5 years.


Balance Sheet

Inventory Level: NNDM has a high level of physical assets or inventory.

Debt Coverage by Assets: NNDM's debt is covered by short term assets (assets are 1.8x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NNDM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NNDM has less than a year of cash runway if free cash flow continues to reduce at historical rates of -42.7% each year


Next Steps

Dividend

What is Nano Dimension's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Yoav Stern (64yo)

0.08yrs

Tenure

0

Mr. Yoav Stern has been the Chief Executive Officer and President of Nano Dimension Ltd. since January 02, 2020. Mr. Stern has been the Chief Executive Officer and President of DVTel, Inc. since February 2 ...


Leadership Team

NamePositionTenureCompensationOwnership
Amit Dror
Co-Founder5.5yrsUS$222.00k0.58% $64.9k
Yael Sandler
Chief Financial Officer4.7yrsUS$167.00kno data
Jaim Nulman
CTO & Executive VP of Products1.8yrsUS$165.00kno data
Yoav Stern
President & CEO0.08yrsno datano data
Dan Abraham
Vice President of Operations0yrsno datano data
Gilad Reshef
Vice President of Sales0.6yrsno datano data

1.8yrs

Average Tenure

53yo

Average Age

Experienced Management: NNDM's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Amit Dror
Co-Founder5.5yrsUS$222.00k0.58% $64.9k
Yaron Eitan
Director0yrsno datano data
Zeev Bregman
Member of Advisory Board4.3yrsno datano data
Ofir Baharav
Chairman of the Board0.2yrsno datano data
Simon Anthony-Fried
Director5.5yrsUS$275.00k0.53% $59.5k
Abraham Nahmias
Independent Director5.5yrsno datano data
Ron Kleinfeld
External Director7.3yrsno datano data

5.5yrs

Average Tenure

58yo

Average Age

Experienced Board: NNDM's board of directors are considered experienced (5.5 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 been substantially diluted in the past year, with total shares outstanding growing by 91.9%.


Top Shareholders

Company Information

Nano Dimension Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nano Dimension Ltd.
  • Ticker: NNDM
  • Exchange: NasdaqCM
  • Founded: 2012
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: US$11.178m
  • Shares outstanding: 8.22m
  • Website: https://www.nano-di.com

Number of Employees


Location

  • Nano Dimension Ltd.
  • Ness-Ziona Science Park
  • 2 Ilan Ramon Street
  • Ness Ziona
  • 7403635
  • Israel

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NNDMTASE (The Tel-Aviv Stock Exchange)Ordinary SharesILILSAug 2014
NNMN.FOTCPK (Pink Sheets LLC)Ordinary SharesUSUSDAug 2014
NNDMNasdaqCM (Nasdaq Capital Market)YesSPON ADS EA REPR 50 ORD SHS(POST SPLT)USUSDJul 2015
2N5BDB (Deutsche Boerse AG)YesSPON ADS EA REPR 50 ORD SHS(POST SPLT)DEEURJul 2015

Biography

Nano Dimension Ltd., through its subsidiaries, operates as an additive electronics provider. The company offers DragonFly Pro precision system for additive manufacturing of printed electronics. It also develops conductive and dielectric ink, as well as provides Dragonfly and Switch software to manage design file and printing process. The company was founded in 2012 and is headquartered in Ness Ziona, Israel. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 02:14
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
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.