NEDAP N.V. (NEDAP.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:NEDAP - NL0000371243 - Common Stock
87.3 EUR
-3.5 (-3.85%)
NEDAP gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 52 industry peers in the Electronic Equipment, Instruments & Components industry. NEDAP has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. NEDAP has a correct valuation and a medium growth rate. With these ratings, NEDAP could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
- NEDAP had positive earnings in the past year.
- In the past year NEDAP had a positive cash flow from operations.
- In the past 5 years NEDAP has always been profitable.
- In the past 5 years NEDAP always reported a positive cash flow from operatings.
1.2 Ratios
- NEDAP has a better Return On Assets (15.67%) than 100.00% of its industry peers.
- NEDAP's Return On Equity of 28.77% is amongst the best of the industry. NEDAP outperforms 96.15% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 24.02%, NEDAP belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for NEDAP is significantly above the industry average of 7.60%.
- The 3 year average ROIC (20.20%) for NEDAP is below the current ROIC(24.02%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.67% | ||
| ROE | 28.77% | ||
| ROIC | 24.02% |
ROA(3y)14.49%
ROA(5y)13.78%
ROE(3y)23.85%
ROE(5y)22.62%
ROIC(3y)20.2%
ROIC(5y)19.16%
1.3 Margins
- Looking at the Profit Margin, with a value of 8.00%, NEDAP belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
- In the last couple of years the Profit Margin of NEDAP has declined.
- NEDAP has a better Operating Margin (10.61%) than 80.77% of its industry peers.
- In the last couple of years the Operating Margin of NEDAP has remained more or less at the same level.
- With an excellent Gross Margin value of 72.58%, NEDAP belongs to the best of the industry, outperforming 94.23% of the companies in the same industry.
- In the last couple of years the Gross Margin of NEDAP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.61% | ||
| PM (TTM) | 8% | ||
| GM | 72.58% |
OM growth 3Y-5.57%
OM growth 5Y1.11%
PM growth 3Y-5.09%
PM growth 5Y-9.73%
GM growth 3Y2.04%
GM growth 5Y2.49%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so NEDAP is creating value.
- NEDAP has more shares outstanding than it did 1 year ago.
- NEDAP has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for NEDAP is higher compared to a year ago.
2.2 Solvency
- NEDAP has an Altman-Z score of 9.64. This indicates that NEDAP is financially healthy and has little risk of bankruptcy at the moment.
- NEDAP has a Altman-Z score of 9.64. This is amongst the best in the industry. NEDAP outperforms 92.31% of its industry peers.
- NEDAP has a debt to FCF ratio of 0.68. This is a very positive value and a sign of high solvency as it would only need 0.68 years to pay back of all of its debts.
- NEDAP has a better Debt to FCF ratio (0.68) than 92.31% of its industry peers.
- NEDAP has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
- NEDAP's Debt to Equity ratio of 0.25 is fine compared to the rest of the industry. NEDAP outperforms 61.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 0.68 | ||
| Altman-Z | 9.64 |
ROIC/WACC3.19
WACC7.53%
2.3 Liquidity
- NEDAP has a Current Ratio of 1.32. This is a normal value and indicates that NEDAP is financially healthy and should not expect problems in meeting its short term obligations.
- NEDAP has a worse Current ratio (1.32) than 65.38% of its industry peers.
- NEDAP has a Quick Ratio of 1.32. This is a bad value and indicates that NEDAP is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a Quick ratio value of 0.84, NEDAP is not doing good in the industry: 69.23% of the companies in the same industry are doing better.
- The current and quick ratio evaluation for NEDAP is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.32 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 20.15% over the past year.
- NEDAP shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.11% yearly.
- NEDAP shows a small growth in Revenue. In the last year, the Revenue has grown by 4.11%.
- The Revenue has been growing slightly by 5.61% on average over the past years.
EPS 1Y (TTM)20.15%
EPS 3Y0.7%
EPS 5Y-5.11%
EPS Q2Q%33.06%
Revenue 1Y (TTM)4.11%
Revenue growth 3Y6.72%
Revenue growth 5Y5.61%
Sales Q2Q%8.72%
3.2 Future
- Based on estimates for the next years, NEDAP will show a very strong growth in Earnings Per Share. The EPS will grow by 25.89% on average per year.
- NEDAP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.68% yearly.
EPS Next Y42.49%
EPS Next 2Y32.64%
EPS Next 3Y25.89%
EPS Next 5YN/A
Revenue Next Year11.02%
Revenue Next 2Y9.49%
Revenue Next 3Y8.56%
Revenue Next 5Y5.68%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 27.63, which means the current valuation is very expensive for NEDAP.
- NEDAP's Price/Earnings ratio is a bit cheaper when compared to the industry. NEDAP is cheaper than 75.00% of the companies in the same industry.
- When comparing the Price/Earnings ratio of NEDAP to the average of the S&P500 Index (27.21), we can say NEDAP is valued inline with the index average.
- Based on the Price/Forward Earnings ratio of 15.57, the valuation of NEDAP can be described as correct.
- NEDAP's Price/Forward Earnings ratio is in line with the industry average.
- NEDAP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.26, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.63 | ||
| Fwd PE | 15.57 |
4.2 Price Multiples
- NEDAP's Enterprise Value to EBITDA is on the same level as the industry average.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of NEDAP is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.84 | ||
| EV/EBITDA | 15.22 |
4.3 Compensation for Growth
- NEDAP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The excellent profitability rating of NEDAP may justify a higher PE ratio.
- NEDAP's earnings are expected to grow with 25.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.65
PEG (5Y)N/A
EPS Next 2Y32.64%
EPS Next 3Y25.89%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 3.52%, NEDAP has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 1.54, NEDAP pays a better dividend. On top of this NEDAP pays more dividend than 82.69% of the companies listed in the same industry.
- NEDAP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.52% |
5.2 History
- The dividend of NEDAP has a limited annual growth rate of 4.97%.
Dividend Growth(5Y)4.97%
Div Incr Years1
Div Non Decr Years4
5.3 Sustainability
- NEDAP pays out 100.00% of its income as dividend. This is not a sustainable payout ratio.
- The dividend of NEDAP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP100%
EPS Next 2Y32.64%
EPS Next 3Y25.89%
NEDAP N.V. / NEDAP.AS FAQ
What is the fundamental rating for NEDAP stock?
ChartMill assigns a fundamental rating of 7 / 10 to NEDAP.AS.
What is the valuation status of NEDAP N.V. (NEDAP.AS) stock?
ChartMill assigns a valuation rating of 5 / 10 to NEDAP N.V. (NEDAP.AS). This can be considered as Fairly Valued.
Can you provide the profitability details for NEDAP N.V.?
NEDAP N.V. (NEDAP.AS) has a profitability rating of 9 / 10.
Can you provide the financial health for NEDAP stock?
The financial health rating of NEDAP N.V. (NEDAP.AS) is 7 / 10.
What is the expected EPS growth for NEDAP N.V. (NEDAP.AS) stock?
The Earnings per Share (EPS) of NEDAP N.V. (NEDAP.AS) is expected to grow by 42.49% in the next year.