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NYXOAH SA (NYXH.BR) Stock Fundamental Analysis

Europe - Euronext Brussels - EBR:NYXH - BE0974358906 - Common Stock

4.213 EUR
-0.03 (-0.64%)
Last: 12/10/2025, 12:10:01 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to NYXH. NYXH was compared to 63 industry peers in the Health Care Equipment & Supplies industry. The financial health of NYXH is average, but there are quite some concerns on its profitability. NYXH is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

In the past year NYXH has reported negative net income.
In the past year NYXH has reported a negative cash flow from operations.
In the past 5 years NYXH always reported negative net income.
NYXH had a negative operating cash flow in each of the past 5 years.
NYXH.BR Yearly Net Income VS EBIT VS OCF VS FCFNYXH.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 -10M -20M -30M -40M -50M

1.2 Ratios

NYXH's Return On Assets of -66.28% is on the low side compared to the rest of the industry. NYXH is outperformed by 90.48% of its industry peers.
NYXH has a Return On Equity of -105.18%. This is amonst the worse of the industry: NYXH underperforms 82.54% of its industry peers.
Industry RankSector Rank
ROA -66.28%
ROE -105.18%
ROIC N/A
ROA(3y)-31.19%
ROA(5y)-24.1%
ROE(3y)-40.78%
ROE(5y)-30.7%
ROIC(3y)N/A
ROIC(5y)N/A
NYXH.BR Yearly ROA, ROE, ROICNYXH.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 -50 -100 -150 -200

1.3 Margins

NYXH has a Gross Margin of 65.27%. This is in the better half of the industry: NYXH outperforms 68.25% of its industry peers.
In the last couple of years the Gross Margin of NYXH has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for NYXH so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 65.27%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.63%
GM growth 5YN/A
NYXH.BR Yearly Profit, Operating, Gross MarginsNYXH.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 -5K -10K -15K

4

2. Health

2.1 Basic Checks

NYXH does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, NYXH has more shares outstanding
The number of shares outstanding for NYXH has been increased compared to 5 years ago.
The debt/assets ratio for NYXH is higher compared to a year ago.
NYXH.BR Yearly Shares OutstandingNYXH.BR Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
NYXH.BR Yearly Total Debt VS Total AssetsNYXH.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

2.2 Solvency

Based on the Altman-Z score of -2.14, we must say that NYXH is in the distress zone and has some risk of bankruptcy.
NYXH's Altman-Z score of -2.14 is on the low side compared to the rest of the industry. NYXH is outperformed by 84.13% of its industry peers.
NYXH has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
NYXH's Debt to Equity ratio of 0.29 is in line compared to the rest of the industry. NYXH outperforms 57.14% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF N/A
Altman-Z -2.14
ROIC/WACCN/A
WACC7.32%
NYXH.BR Yearly LT Debt VS Equity VS FCFNYXH.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M

2.3 Liquidity

NYXH has a Current Ratio of 2.63. This indicates that NYXH is financially healthy and has no problem in meeting its short term obligations.
NYXH has a better Current ratio (2.63) than 74.60% of its industry peers.
NYXH has a Quick Ratio of 2.38. This indicates that NYXH is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.38, NYXH belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.63
Quick Ratio 2.38
NYXH.BR Yearly Current Assets VS Current LiabilitesNYXH.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M

6

3. Growth

3.1 Past

NYXH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -30.42%.
NYXH shows a small growth in Revenue. In the last year, the Revenue has grown by 3.98%.
Measured over the past years, NYXH shows a very strong growth in Revenue. The Revenue has been growing by 74.42% on average per year.
EPS 1Y (TTM)-30.42%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-27.02%
Revenue 1Y (TTM)3.98%
Revenue growth 3Y74.42%
Revenue growth 5YN/A
Sales Q2Q%55.77%

3.2 Future

Based on estimates for the next years, NYXH will show a small growth in Earnings Per Share. The EPS will grow by 4.80% on average per year.
NYXH is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 117.81% yearly.
EPS Next Y-22.39%
EPS Next 2Y-7.4%
EPS Next 3Y4.8%
EPS Next 5YN/A
Revenue Next Year51.62%
Revenue Next 2Y145.37%
Revenue Next 3Y140.02%
Revenue Next 5Y117.81%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
NYXH.BR Yearly Revenue VS EstimatesNYXH.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 100M 200M 300M 400M 500M
NYXH.BR Yearly EPS VS EstimatesNYXH.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 -0.5 -1 -1.5 -2

0

4. Valuation

4.1 Price/Earnings Ratio

NYXH reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for NYXH. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
NYXH.BR Price Earnings VS Forward Price EarningsNYXH.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
NYXH.BR Per share dataNYXH.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 -2

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.4%
EPS Next 3Y4.8%

0

5. Dividend

5.1 Amount

NYXH does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

NYXOAH SA

EBR:NYXH (12/10/2025, 12:10:01 PM)

4.213

-0.03 (-0.64%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)11-13 2025-11-13/amc
Earnings (Next)03-11 2026-03-11/amc
Inst Owners17.62%
Inst Owner ChangeN/A
Ins Owners19.2%
Ins Owner ChangeN/A
Market Cap181.29M
Revenue(TTM)4.52M
Net Income(TTM)-77.20M
Analysts81.43
Price Target10.07 (139.02%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)1
Avg EPS beat(2)-8.5%
Min EPS beat(2)-22.16%
Max EPS beat(2)5.16%
EPS beat(4)2
Avg EPS beat(4)-4.61%
Min EPS beat(4)-22.16%
Max EPS beat(4)5.16%
EPS beat(8)6
Avg EPS beat(8)2.91%
EPS beat(12)7
Avg EPS beat(12)-7.28%
EPS beat(16)9
Avg EPS beat(16)-4.34%
Revenue beat(2)0
Avg Revenue beat(2)-19.91%
Min Revenue beat(2)-38.43%
Max Revenue beat(2)-1.4%
Revenue beat(4)0
Avg Revenue beat(4)-21.65%
Min Revenue beat(4)-38.43%
Max Revenue beat(4)-1.4%
Revenue beat(8)1
Avg Revenue beat(8)-22.06%
Revenue beat(12)1
Avg Revenue beat(12)-32.46%
Revenue beat(16)1
Avg Revenue beat(16)-37%
PT rev (1m)-17.36%
PT rev (3m)-22.24%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.57%
EPS NY rev (1m)1.96%
EPS NY rev (3m)-2.97%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-3.43%
Revenue NY rev (3m)-26.71%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 36.75
P/FCF N/A
P/OCF N/A
P/B 2.47
P/tB 8.24
EV/EBITDA N/A
EPS(TTM)-2.24
EYN/A
EPS(NY)-2.08
Fwd EYN/A
FCF(TTM)-1.45
FCFYN/A
OCF(TTM)-1.41
OCFYN/A
SpS0.11
BVpS1.71
TBVpS0.51
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -66.28%
ROE -105.18%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 65.27%
FCFM N/A
ROA(3y)-31.19%
ROA(5y)-24.1%
ROE(3y)-40.78%
ROE(5y)-30.7%
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 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.63%
GM growth 5YN/A
F-Score3
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 49.33%
Cap/Sales 29.96%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.63
Quick Ratio 2.38
Altman-Z -2.14
F-Score3
WACC7.32%
ROIC/WACCN/A
Cap/Depr(3y)64.88%
Cap/Depr(5y)74.74%
Cap/Sales(3y)37.33%
Cap/Sales(5y)219.78%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-30.42%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-27.02%
EPS Next Y-22.39%
EPS Next 2Y-7.4%
EPS Next 3Y4.8%
EPS Next 5YN/A
Revenue 1Y (TTM)3.98%
Revenue growth 3Y74.42%
Revenue growth 5YN/A
Sales Q2Q%55.77%
Revenue Next Year51.62%
Revenue Next 2Y145.37%
Revenue Next 3Y140.02%
Revenue Next 5Y117.81%
EBIT growth 1Y-55.84%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-47.24%
EBIT Next 3Y-14.81%
EBIT Next 5Y11.04%
FCF growth 1Y-45.81%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-46.67%
OCF growth 3YN/A
OCF growth 5YN/A

NYXOAH SA / NYXH.BR FAQ

What is the fundamental rating for NYXH stock?

ChartMill assigns a fundamental rating of 3 / 10 to NYXH.BR.


What is the valuation status for NYXH stock?

ChartMill assigns a valuation rating of 0 / 10 to NYXOAH SA (NYXH.BR). This can be considered as Overvalued.


Can you provide the profitability details for NYXOAH SA?

NYXOAH SA (NYXH.BR) has a profitability rating of 1 / 10.