NORDEX SE (NDX1.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:NDX1 • DE000A0D6554

32.74 EUR
-0.18 (-0.55%)
Last: Feb 6, 2026, 07:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to NDX1. NDX1 was compared to 67 industry peers in the Electrical Equipment industry. NDX1 scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. NDX1 is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year NDX1 was profitable.
  • NDX1 had a positive operating cash flow in the past year.
  • In the past 5 years NDX1 reported 4 times negative net income.
  • The reported operating cash flow has been mixed in the past 5 years: NDX1 reported negative operating cash flow in multiple years.
NDX1.DE Yearly Net Income VS EBIT VS OCF VS FCFNDX1.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M

1.2 Ratios

  • NDX1 has a Return On Assets of 1.84%. This is comparable to the rest of the industry: NDX1 outperforms 50.75% of its industry peers.
  • NDX1's Return On Equity of 10.10% is in line compared to the rest of the industry. NDX1 outperforms 58.21% of its industry peers.
  • NDX1's Return On Invested Capital of 5.51% is in line compared to the rest of the industry. NDX1 outperforms 52.24% of its industry peers.
Industry RankSector Rank
ROA 1.84%
ROE 10.1%
ROIC 5.51%
ROA(3y)-5.3%
ROA(5y)-4.89%
ROE(3y)-28.94%
ROE(5y)-25.05%
ROIC(3y)N/A
ROIC(5y)N/A
NDX1.DE Yearly ROA, ROE, ROICNDX1.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40

1.3 Margins

  • NDX1 has a Profit Margin (1.50%) which is in line with its industry peers.
  • NDX1's Operating Margin of 4.14% is in line compared to the rest of the industry. NDX1 outperforms 46.27% of its industry peers.
  • In the last couple of years the Operating Margin of NDX1 has grown nicely.
  • Looking at the Gross Margin, with a value of 14.32%, NDX1 is doing worse than 85.07% of the companies in the same industry.
  • NDX1's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 4.14%
PM (TTM) 1.5%
GM 14.32%
OM growth 3YN/A
OM growth 5Y57.84%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y19.47%
GM growth 5Y-2.61%
NDX1.DE Yearly Profit, Operating, Gross MarginsNDX1.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NDX1 is destroying value.
  • The number of shares outstanding for NDX1 remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for NDX1 has been increased compared to 5 years ago.
  • Compared to 1 year ago, NDX1 has a worse debt to assets ratio.
NDX1.DE Yearly Shares OutstandingNDX1.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
NDX1.DE Yearly Total Debt VS Total AssetsNDX1.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

  • An Altman-Z score of 2.37 indicates that NDX1 is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • NDX1's Altman-Z score of 2.37 is in line compared to the rest of the industry. NDX1 outperforms 53.73% of its industry peers.
  • There is no outstanding debt for NDX1. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.06
Altman-Z 2.37
ROIC/WACC0.66
WACC8.36%
NDX1.DE Yearly LT Debt VS Equity VS FCFNDX1.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B

2.3 Liquidity

  • A Current Ratio of 1.04 indicates that NDX1 should not have too much problems paying its short term obligations.
  • NDX1 has a worse Current ratio (1.04) than 79.10% of its industry peers.
  • A Quick Ratio of 0.77 indicates that NDX1 may have some problems paying its short term obligations.
  • The Quick ratio of NDX1 (0.77) is worse than 62.69% of its industry peers.
Industry RankSector Rank
Current Ratio 1.04
Quick Ratio 0.77
NDX1.DE Yearly Current Assets VS Current LiabilitesNDX1.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

5

3. Growth

3.1 Past

  • NDX1 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 360.00%, which is quite impressive.
  • NDX1 shows a small growth in Revenue. In the last year, the Revenue has grown by 1.27%.
  • Measured over the past years, NDX1 shows a quite strong growth in Revenue. The Revenue has been growing by 17.32% on average per year.
EPS 1Y (TTM)360%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2100%
Revenue 1Y (TTM)1.27%
Revenue growth 3Y10.27%
Revenue growth 5Y17.32%
Sales Q2Q%2.09%

3.2 Future

  • NDX1 is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 163.17% yearly.
  • Based on estimates for the next years, NDX1 will show a small growth in Revenue. The Revenue will grow by 5.47% on average per year.
EPS Next Y2508.47%
EPS Next 2Y481.58%
EPS Next 3Y243.2%
EPS Next 5Y163.17%
Revenue Next Year2.52%
Revenue Next 2Y5.92%
Revenue Next 3Y5.88%
Revenue Next 5Y5.47%

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NDX1.DE Yearly Revenue VS EstimatesNDX1.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B 10B
NDX1.DE Yearly EPS VS EstimatesNDX1.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 -1 -2

5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 71.17 indicates a quite expensive valuation of NDX1.
  • The rest of the industry has a similar Price/Earnings ratio as NDX1.
  • NDX1 is valuated expensively when we compare the Price/Earnings ratio to 27.92, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 24.20, which indicates a rather expensive current valuation of NDX1.
  • The rest of the industry has a similar Price/Forward Earnings ratio as NDX1.
  • NDX1's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.78.
Industry RankSector Rank
PE 71.17
Fwd PE 24.2
NDX1.DE Price Earnings VS Forward Price EarningsNDX1.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 70.15% of the companies in the same industry are more expensive than NDX1, based on the Enterprise Value to EBITDA ratio.
  • NDX1's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NDX1 is cheaper than 83.58% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.04
EV/EBITDA 13.31
NDX1.DE Per share dataNDX1.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • NDX1's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • NDX1's earnings are expected to grow with 243.20% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.03
PEG (5Y)N/A
EPS Next 2Y481.58%
EPS Next 3Y243.2%

0

5. Dividend

5.1 Amount

  • NDX1 does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

NORDEX SE

FRA:NDX1 (2/6/2026, 7:00:00 PM)

32.74

-0.18 (-0.55%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-04
Earnings (Next)02-26
Inst Owners35.07%
Inst Owner ChangeN/A
Ins Owners2.96%
Ins Owner ChangeN/A
Market Cap7.74B
Revenue(TTM)7.21B
Net Income(TTM)108.12M
Analysts81.82
Price Target30.87 (-5.71%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.27%
Min EPS beat(2)4.47%
Max EPS beat(2)6.08%
EPS beat(4)3
Avg EPS beat(4)6.89%
Min EPS beat(4)-48.1%
Max EPS beat(4)65.12%
EPS beat(8)6
Avg EPS beat(8)75.54%
EPS beat(12)6
Avg EPS beat(12)-6.9%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-5.03%
Min Revenue beat(2)-12.49%
Max Revenue beat(2)2.43%
Revenue beat(4)1
Avg Revenue beat(4)-9.82%
Min Revenue beat(4)-14.66%
Max Revenue beat(4)2.43%
Revenue beat(8)4
Avg Revenue beat(8)-1.76%
Revenue beat(12)8
Avg Revenue beat(12)2.89%
Revenue beat(16)10
Avg Revenue beat(16)1.29%
PT rev (1m)6.51%
PT rev (3m)25.02%
EPS NQ rev (1m)2.47%
EPS NQ rev (3m)117.59%
EPS NY rev (1m)1.12%
EPS NY rev (3m)46.46%
Revenue NQ rev (1m)0.61%
Revenue NQ rev (3m)2.94%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.62%
Valuation
Industry RankSector Rank
PE 71.17
Fwd PE 24.2
P/S 1.07
P/FCF 14.04
P/OCF 11.01
P/B 7.23
P/tB 24.61
EV/EBITDA 13.31
EPS(TTM)0.46
EY1.41%
EPS(NY)1.35
Fwd EY4.13%
FCF(TTM)2.33
FCFY7.12%
OCF(TTM)2.97
OCFY9.08%
SpS30.48
BVpS4.53
TBVpS1.33
PEG (NY)0.03
PEG (5Y)N/A
Graham Number6.84
Profitability
Industry RankSector Rank
ROA 1.84%
ROE 10.1%
ROCE 13.49%
ROIC 5.51%
ROICexc 15.8%
ROICexgc 774.62%
OM 4.14%
PM (TTM) 1.5%
GM 14.32%
FCFM 7.65%
ROA(3y)-5.3%
ROA(5y)-4.89%
ROE(3y)-28.94%
ROE(5y)-25.05%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y149.59%
ROICexc growth 3YN/A
ROICexc growth 5Y97.25%
OM growth 3YN/A
OM growth 5Y57.84%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y19.47%
GM growth 5Y-2.61%
F-Score7
Asset Turnover1.22
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.06
Debt/EBITDA 0
Cap/Depr 86.34%
Cap/Sales 2.1%
Interest Coverage 3.19
Cash Conversion 148.27%
Profit Quality 510.01%
Current Ratio 1.04
Quick Ratio 0.77
Altman-Z 2.37
F-Score7
WACC8.36%
ROIC/WACC0.66
Cap/Depr(3y)91.26%
Cap/Depr(5y)96.94%
Cap/Sales(3y)2.63%
Cap/Sales(5y)2.91%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)360%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2100%
EPS Next Y2508.47%
EPS Next 2Y481.58%
EPS Next 3Y243.2%
EPS Next 5Y163.17%
Revenue 1Y (TTM)1.27%
Revenue growth 3Y10.27%
Revenue growth 5Y17.32%
Sales Q2Q%2.09%
Revenue Next Year2.52%
Revenue Next 2Y5.92%
Revenue Next 3Y5.88%
Revenue Next 5Y5.47%
EBIT growth 1Y57.02%
EBIT growth 3YN/A
EBIT growth 5Y85.18%
EBIT Next Year534.48%
EBIT Next 3Y100.81%
EBIT Next 5Y55.27%
FCF growth 1Y259.7%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y487.28%
OCF growth 3Y49.91%
OCF growth 5Y62.45%

NORDEX SE / NDX1.DE FAQ

What is the ChartMill fundamental rating of NORDEX SE (NDX1.DE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to NDX1.DE.


What is the valuation status of NORDEX SE (NDX1.DE) stock?

ChartMill assigns a valuation rating of 5 / 10 to NORDEX SE (NDX1.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for NORDEX SE?

NORDEX SE (NDX1.DE) has a profitability rating of 3 / 10.


What is the expected EPS growth for NORDEX SE (NDX1.DE) stock?

The Earnings per Share (EPS) of NORDEX SE (NDX1.DE) is expected to grow by 2508.47% in the next year.