NEX Stock Analysis: Nexans S.A. | PA
Electrical Equipment & Parts | PA, France | Market Cap: 6.106m EUR | 12M Return: 3.1% | FR0000044448 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.9M
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.
Nexans S.A. is a French cable manufacturer and supplier operating across France, Canada, Norway, Italy, and additional international markets. The company is structured into three reporting segments: PWR-Grid & Connect, PWR-Transmission, and Other.
Its product and service portfolio spans low, medium, and high voltage cables for energy distribution networks, equipment cables for buildings, and engineered solutions for offshore wind farms, subsea interconnections, onshore high-voltage projects, and subsea data transmission. The company also serves the oil and gas sector with specialized cabling solutions and produces wire rods, electrical wires, and winding wires.
Founded in 1994 under the name Atalec and rebranded as Nexans in October 2000, the company is headquartered in Courbevoie, France, and is listed on Euronext Paris. As a mid-cap industrial, Nexans operates within the GICS Electrical Components & Equipment sub-industry, a sector tied to electrification, grid modernization, and renewable energy build-out.
- Offshore wind cable orders surge on European energy transition
- Copper price volatility pressures cable manufacturing margins
- High-voltage transmission backlog grows with grid modernization spending
| Net Income: -56.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -4.30 > 1.0 |
| NWC/Revenue: 2.62% < 20% (prev 12.24%; Δ -9.62% < -1%) |
| CFO/TA 0.07 > 3% & CFO 694.0m > Net Income -56.0m |
| Net Debt (1.20b) to EBITDA (564.0m): 2.13 < 3 |
| Current Ratio: 1.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (44.8m) vs 12m ago -0.51% < -2% |
| Gross Margin: 9.73% > 18% (prev 13.24%; Δ -3.51% > 0.5%) |
| Asset Turnover: 88.62% > 50% (prev 111.2%; Δ -22.54% > 0%) |
| Interest Coverage Ratio: 5.76 > 6 (EBIT TTM 288.0m / Interest Expense TTM 50.0m) |
| A: 0.02 (Total Current Assets 5.54b - Total Current Liabilities 5.33b) / Total Assets 9.60b |
| B: 0.06 (Retained Earnings 582.0m / Total Assets 9.60b) |
| C: 0.03 (EBIT TTM 288.0m / Avg Total Assets 8.86b) |
| D: 0.29 (Book Value of Equity 2.13b / Total Liabilities 7.45b) |
| Altman-Z'' = 0.86 = B |
| DSRI: 1.39 (Receivables 1.77b/1.46b, Revenue 7.85b/9.02b) |
| GMI: 1.36 (GM 13.24% / 9.73%) |
| AQI: 1.46 (AQ_t 0.19 / AQ_t-1 0.13) |
| SGI: 0.87 (Revenue 7.85b / 9.02b) |
| TATA: -0.08 (NI -56.0m - CFO 694.0m) / TA 9.60b) |
| Beneish M = -2.21 (Cap -4..+1) = BB |
As of August 16, 2026, the stock is trading at EUR 140.00 with a total of 140,962 shares traded. Over the past week, the price has changed by +0.29%, over one month by +3.09%, over three months by -15.09% and over the past year by +3.08%.
Current recommended Stop Loss: 129.10 (which is 7.8% or 2.2 ATR below the current price).
Nexans S.A. has no consensus analysts rating.
P/E Trailing = 32.5408
P/E Forward = 17.6991
P/S = 0.7127
P/B = 2.8653
P/EG = 0.4067
Revenue TTM = 7.85b EUR
EBIT TTM = 288.0m EUR
EBITDA TTM = 564.0m EUR
Long Term Debt = 1.57b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 859.0m EUR (from shortTermDebt, last quarter)
Debt = 2.65b EUR (from shortLongTermDebtTotal, last quarter) + Leases 161.0m
Net Debt = 1.20b EUR (calculated: Debt 2.65b - CCE 1.46b)
Enterprise Value = 7.30b EUR (6.11b + Debt 2.65b - CCE 1.46b)
Interest Coverage Ratio = 5.76 (Ebit TTM 288.0m / Interest Expense TTM 50.0m)
EV/FCF = 26.00x (Enterprise Value 7.30b / FCF TTM 281.0m)
FCF Yield = 3.85% (FCF TTM 281.0m / Enterprise Value 7.30b)
FCF Margin = 3.58% (FCF TTM 281.0m / Revenue TTM 7.85b)
Net Margin = -0.71% (Net Income TTM -56.0m / Revenue TTM 7.85b)
Gross Margin = 9.73% ((Revenue TTM 7.85b - Cost of Revenue TTM 7.09b) / Revenue TTM)
Gross Margin QoQ = 9.80% (prev 9.63%)
Tobins Q-Ratio = 0.76 (Enterprise Value 7.30b / Total Assets 9.60b)
Interest Expense / Debt = 1.88% (Interest Expense 50.0m / Debt 2.65b)
Taxrate = 32.79% (60.0m / 183.0m)
NOPAT = 193.6m (EBIT 288.0m * (1 - 32.79%))
Current Ratio = 1.04 (Total Current Assets 5.54b / Total Current Liabilities 5.33b)
Debt / Equity = 1.25 (Debt 2.65b / totalStockholderEquity, last quarter 2.13b)
Debt / EBITDA = 2.13 (Net Debt 1.20b / EBITDA 564.0m)
Debt / FCF = 4.27 (Net Debt 1.20b / FCF TTM 281.0m)
Total Stockholder Equity = 1.96b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.63% (Net Income -56.0m / Total Assets 9.60b)
RoE = -2.86% (Net Income TTM -56.0m / Total Stockholder Equity 1.96b)
RoCE = 8.16% (EBIT 288.0m / Capital Employed (Equity 1.96b + L.T.Debt 1.57b))
RoIC = 4.09% (NOPAT 193.6m / Invested Capital 4.74b)
WACC = 7.29% (E(6.11b)/V(8.76b) * Re(9.91%) + D(2.65b)/V(8.76b) * Rd(1.88%) * (1-Tc(0.33)))
Discount Rate = 9.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -43.40 | Cagr: -0.09%
[DCF] Terminal Value 73.10% ; FCFF base≈403.0m ; Y1≈353.4m ; Y5≈285.5m
[DCF] Fair Price = 77.37 (EV 4.58b - Net Debt 1.20b = Equity 3.38b / Shares 43.7m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 1.61 | Revenue CAGR: 0.10% | SUE: 2.16 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=6.75 | Chg30d=-8.32% | Revisions=+0% | GrowthEPS=-17.8% | GrowthRev=+10.4%
EPS next Year (2027-12-31): EPS=9.09 | Chg30d=-1.17% | Revisions=+29% | GrowthEPS=+34.7% | GrowthRev=+7.1%
[Analyst] Revisions Ratio: +18% (up=5, down=3)