NEDAP N.V. (NEDAP.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:NEDAP - NL0000371243 - Common Stock
87.25 EUR
-0.15 (-0.17%)
Taking everything into account, NEDAP scores 7 out of 10 in our fundamental rating. NEDAP was compared to 51 industry peers in the Electronic Equipment, Instruments & Components industry. NEDAP scores excellent points on both the profitability and health parts. This is a solid base for a good stock. NEDAP has a decent growth rate and is not valued too expensively. 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.
- NEDAP had a positive operating cash flow in the past year.
- In the past 5 years NEDAP has always been profitable.
- NEDAP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- NEDAP has a better Return On Assets (15.67%) than 100.00% of its industry peers.
- With an excellent Return On Equity value of 28.77%, NEDAP belongs to the best of the industry, outperforming 96.08% of the companies in the same industry.
- NEDAP has a better Return On Invested Capital (24.02%) than 100.00% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for NEDAP is significantly above the industry average of 7.51%.
- The last Return On Invested Capital (24.02%) for NEDAP is above the 3 year average (20.20%), which is a sign of increasing profitability.
| 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 has a Profit Margin of 8.00%. This is amongst the best in the industry. NEDAP outperforms 86.27% of its industry peers.
- In the last couple of years the Profit Margin of NEDAP has declined.
- Looking at the Operating Margin, with a value of 10.61%, NEDAP belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
- NEDAP's Operating Margin has been stable in the last couple of years.
- Looking at the Gross Margin, with a value of 72.58%, NEDAP belongs to the top of the industry, outperforming 94.12% of the companies in the same industry.
- NEDAP's Gross Margin has improved in the last couple of years.
| 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.
- The number of shares outstanding for NEDAP has been increased compared to 1 year ago.
- Compared to 5 years ago, NEDAP has more shares outstanding
- The debt/assets ratio for NEDAP is higher compared to a year ago.
2.2 Solvency
- NEDAP has an Altman-Z score of 9.42. This indicates that NEDAP is financially healthy and has little risk of bankruptcy at the moment.
- NEDAP's Altman-Z score of 9.42 is amongst the best of the industry. NEDAP outperforms 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.
- The Debt to FCF ratio of NEDAP (0.68) is better than 92.16% 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 62.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 0.68 | ||
| Altman-Z | 9.42 |
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's Current ratio of 1.32 is on the low side compared to the rest of the industry. NEDAP is outperformed by 62.75% of its industry peers.
- A Quick Ratio of 0.84 indicates that NEDAP may have some problems paying its short term obligations.
- The Quick ratio of NEDAP (0.84) is worse than 68.63% of its industry peers.
- 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
- NEDAP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.15%, which is quite impressive.
- The Earnings Per Share has been decreasing by -5.11% on average over the past years.
- Looking at the last year, NEDAP shows a small growth in Revenue. The Revenue has grown by 4.11% in the last year.
- 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.
- Based on estimates for the next years, NEDAP will show a small growth in Revenue. The Revenue will grow by 5.68% on average per year.
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
- NEDAP is valuated quite expensively with a Price/Earnings ratio of 27.61.
- Based on the Price/Earnings ratio, NEDAP is valued a bit cheaper than the industry average as 74.51% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 28.87, NEDAP is valued at the same level.
- A Price/Forward Earnings ratio of 15.56 indicates a correct valuation of NEDAP.
- The rest of the industry has a similar Price/Forward Earnings ratio as NEDAP.
- NEDAP's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.96.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.61 | ||
| Fwd PE | 15.56 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as NEDAP.
- 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 | 20.82 | ||
| EV/EBITDA | 14.65 |
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.
- A more expensive valuation may be justified as NEDAP's earnings are expected to grow with 25.89% in the coming years.
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 1.56, NEDAP pays a better dividend. On top of this NEDAP pays more dividend than 84.31% 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.
- NEDAP's earnings are growing more than its dividend. This makes the dividend growth 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.