NEDAP N.V. (NEDAP.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:NEDAP - NL0000371243 - Common Stock
87.3 EUR
+0.3 (+0.34%)
NEDAP gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 51 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 decent growth rate and is not valued too expensively. This makes NEDAP very considerable for quality investing!
1. Profitability
1.1 Basic Checks
- NEDAP had positive earnings in the past year.
- NEDAP had a positive operating cash flow in the past year.
- 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
- With an excellent Return On Assets value of 15.67%, NEDAP belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- The Return On Equity of NEDAP (28.77%) is better than 96.08% of its industry peers.
- NEDAP has a Return On Invested Capital of 24.02%. This is amongst the best in the industry. NEDAP outperforms 100.00% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for NEDAP is significantly above the industry average of 7.51%.
- 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
- NEDAP's Profit Margin of 8.00% is amongst the best of the industry. NEDAP outperforms 86.27% of its industry peers.
- NEDAP's Profit Margin has declined in the last couple of years.
- NEDAP's Operating Margin of 10.61% is amongst the best of the industry. NEDAP outperforms 82.35% of its industry peers.
- NEDAP's Operating Margin has been stable in the last couple of years.
- NEDAP has a better Gross Margin (72.58%) than 94.12% of its industry peers.
- 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.
- Compared to 1 year ago, NEDAP has more shares outstanding
- 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 9.39. This indicates that NEDAP is financially healthy and has little risk of bankruptcy at the moment.
- NEDAP has a better Altman-Z score (9.39) than 94.12% 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.
- With an excellent Debt to FCF ratio value of 0.68, NEDAP belongs to the best of the industry, outperforming 92.16% of the companies in the same industry.
- A Debt/Equity ratio of 0.25 indicates that NEDAP is not too dependend on debt financing.
- NEDAP has a Debt to Equity ratio of 0.25. This is in the better half of the industry: NEDAP outperforms 62.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 0.68 | ||
| Altman-Z | 9.39 |
ROIC/WACC3.19
WACC7.53%
2.3 Liquidity
- A Current Ratio of 1.32 indicates that NEDAP should not have too much problems paying its short term obligations.
- NEDAP has a worse Current ratio (1.32) than 62.75% of its industry peers.
- A Quick Ratio of 0.84 indicates that NEDAP may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.84, NEDAP is doing worse than 68.63% of the companies in the same industry.
- 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.
- The Earnings Per Share has been decreasing by -5.11% on average over the past years.
- NEDAP shows a small growth in Revenue. In the last year, the Revenue has grown by 4.11%.
- Measured over the past years, NEDAP shows a small growth in Revenue. The Revenue has been growing by 5.61% on average per year.
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.
- The Revenue is expected to grow by 5.68% on average over the next years.
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
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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.
- Compared to the rest of the industry, the Price/Earnings ratio of NEDAP indicates a somewhat cheap valuation: NEDAP is cheaper than 74.51% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 28.39. NEDAP is around the same levels.
- 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.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.72, NEDAP is valued a bit cheaper.
| 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 | 14.58 |
4.3 Compensation for Growth
- The 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
- NEDAP has a Yearly Dividend Yield of 3.52%. Purely for dividend investing, there may be better candidates out there.
- NEDAP's Dividend Yield is rather good when compared to the industry average which is at 1.56. NEDAP pays more dividend than 84.31% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, NEDAP pays a better dividend.
| 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.