NVG Stock Analysis: The Navigator | LS
Paper & Paper Products | LS, Portugal | Market Cap: 2.318m EUR | 12M Return: 7.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.05M
EPS Trend: -88.3%
Rev. Trend: -61.7%
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The Navigator Company SA (NVG) is a Portuguese integrated producer of forestry, pulp, paper, tissue, and packaging products, operating worldwide through four business segments: Market Folder, UWF (Uncoated Wood Free) Paper, Tissue Paper, and Energy. The company sells printing and writing papers under the Navigator, Pioneer, and Inacopia brands, tissue products under the Amoos brand, and packaging solutions under the gKraft brand. It also produces bleached eucalyptus pulp and generates thermal and electrical energy, reflecting a vertically integrated pulp-and-paper model that combines wood sourcing, pulping, converting, and energy production under one roof.
Founded in 1953 and headquartered in Setúbal, Portugal, the company was originally known as Portucel, S.A. before adopting its current name in February 2016. It is listed on the Lisbon Stock Exchange (LS) and operates as a subsidiary of Semapa – Sociedade de Investimento e Gestão, SGPS, S.A. As a mid-cap company classified within the Materials sectors Paper Products sub-industry, Navigator is one of Europes largest pulp and uncoated woodfree paper producers.
- Eucalyptus pulp price swings drive group margin volatility
- UWF printing paper segment faces structural demand decline
- Tissue and gKraft packaging segments expand at higher margins
| Net Income: 113.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -3.22 > 1.0 |
| NWC/Revenue: 16.63% < 20% (prev 9.98%; Δ 6.64% < -1%) |
| CFO/TA 0.03 > 3% & CFO 113.6m > Net Income 113.6m |
| Net Debt (-19.8m) to EBITDA (326.8m): -0.06 < 3 |
| Current Ratio: 1.49 > 1.5 & < 3 |
| Outstanding Shares: last quarter (711.2m) vs 12m ago 0.0% < -2% |
| Gross Margin: 54.51% > 18% (prev 58.01%; Δ -3.49% > 0.5%) |
| Asset Turnover: 57.04% > 50% (prev 63.46%; Δ -6.43% > 0%) |
| Interest Coverage Ratio: 4.73 > 6 (EBIT TTM 155.3m / Interest Expense TTM 32.9m) |
| A: 0.09 (Total Current Assets 947.7m - Total Current Liabilities 637.2m) / Total Assets 3.27b |
| B: 0.25 (Retained Earnings 826.2m / Total Assets 3.27b) |
| C: 0.05 (EBIT TTM 155.3m / Avg Total Assets 3.27b) |
| D: 0.80 (Book Value of Equity 1.45b / Total Liabilities 1.81b) |
| Altman-Z'' = 2.61 = A |
| DSRI: 1.61 (Receivables 458.8m/318.0m, Revenue 1.87b/2.08b) |
| GMI: 1.06 (GM 58.01% / 54.51%) |
| AQI: 0.98 (AQ_t 0.22 / AQ_t-1 0.23) |
| SGI: 0.90 (Revenue 1.87b / 2.08b) |
| TATA: 0.00 (NI 113.6m - CFO 113.6m) / TA 3.27b) |
| Beneish M = -2.55 (Cap -4..+1) = A |
As of August 04, 2026, the stock is trading at EUR 3.26 with a total of 480,147 shares traded. Over the past week, the price has changed by +2.84%, over one month by -1.57%, over three months by +1.35% and over the past year by +7.63%.
Current recommended Stop Loss: 3.10 (which is 4.9% or 2.3 ATR below the current price).
The Navigator has no consensus analysts rating.
P/E Trailing = 20.375
P/E Forward = 7.7882
P/S = 1.2705
P/B = 1.5852
P/EG = 0.1965
Revenue TTM = 1.87b EUR
EBIT TTM = 155.3m EUR
EBITDA TTM = 326.8m EUR
Long Term Debt = 791.6m EUR (from longTermDebt, last quarter)
Short Term Debt = 37.3m EUR (from shortLongTermDebt, last quarter)
Debt = 133.7m EUR (Leases only: 133.7m)
Net Debt = -19.8m EUR (calculated: Debt 133.7m - CCE 153.5m)
Enterprise Value = 2.30b EUR (2.32b + Debt 133.7m - CCE 153.5m)
Interest Coverage Ratio = 4.73 (Ebit TTM 155.3m / Interest Expense TTM 32.9m)
EV/FCF = 23.93x (Enterprise Value 2.30b / FCF TTM 96.1m)
FCF Yield = 4.18% (FCF TTM 96.1m / Enterprise Value 2.30b)
FCF Margin = 5.14% (FCF TTM 96.1m / Revenue TTM 1.87b)
Net Margin = 6.08% (Net Income TTM 113.6m / Revenue TTM 1.87b)
Gross Margin = 54.51% ((Revenue TTM 1.87b - Cost of Revenue TTM 849.4m) / Revenue TTM)
Gross Margin QoQ = 54.48% (prev 54.38%)
Tobins Q-Ratio = 0.70 (Enterprise Value 2.30b / Total Assets 3.27b)
Interest Expense / Debt = 24.59% (Interest Expense 32.9m / Debt 133.7m)
Taxrate = 9.44% (11.8m / 125.5m)
NOPAT = 140.7m (EBIT 155.3m * (1 - 9.44%))
Current Ratio = 1.49 (Total Current Assets 947.7m / Total Current Liabilities 637.2m)
Debt / Equity = 0.09 (Debt 133.7m / totalStockholderEquity, last quarter 1.45b)
Debt / EBITDA = -0.06 (Net Debt -19.8m / EBITDA 326.8m)
Debt / FCF = -0.21 (Net Debt -19.8m / FCF TTM 96.1m)
Total Stockholder Equity = 1.40b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.47% (Net Income 113.6m / Total Assets 3.27b)
RoE = 8.10% (Net Income TTM 113.6m / Total Stockholder Equity 1.40b)
RoCE = 7.08% (EBIT 155.3m / Capital Employed (Equity 1.40b + L.T.Debt 791.6m))
RoIC = 5.54% (NOPAT 140.7m / Invested Capital 2.54b)
WACC = 7.24% (E(2.32b)/V(2.45b) * Re(6.37%) + D(133.7m)/V(2.45b) * Rd(24.59%) * (1-Tc(0.09)))
Discount Rate = 6.37% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Terminal Value 73.10% ; FCFF base≈138.4m ; Y1≈121.4m ; Y5≈98.1m
[DCF] Fair Price = 2.24 (EV 1.57b - Net Debt -19.8m = Equity 1.59b / Shares 711.2m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -88.27 | EPS CAGR: -29.53% | SUE: N/A | # QB: 0
Revenue Correlation: -61.70 | Revenue CAGR: -3.42% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.19 | Chg30d=-27.62% | Revisions=-25% | GrowthEPS=-4.9% | GrowthRev=-14.4%
EPS next Year (2027-12-31): EPS=0.29 | Chg30d=-13.09% | Revisions=-25% | GrowthEPS=+50.5% | GrowthRev=+18.8%
[Analyst] Revisions Ratio: -40% (up=0, down=2)