(NEX) Nexans S.A. - Ratings and Ratios
Cables, Wind-Farm, Subsea, Grid, Industry
Dividends
| Dividend Yield | 2.60% |
| Yield on Cost 5y | 4.41% |
| Yield CAGR 5y | 38.83% |
| Payout Consistency | 65.8% |
| Payout Ratio | 24.4% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 37.0% |
| Value at Risk 5%th | 56.0% |
| Relative Tail Risk | -7.95% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.80 |
| Alpha | 19.75 |
| CAGR/Max DD | 0.24 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.416 |
| Beta | 0.515 |
| Beta Downside | 0.845 |
| Drawdowns 3y | |
|---|---|
| Max DD | 42.26% |
| Mean DD | 15.73% |
| Median DD | 14.88% |
Description: NEX Nexans S.A. January 09, 2026
Nexans S.A. (PA :NEX) is a French-based cable manufacturer that serves a global customer base across France, Canada, Norway, Germany and other markets. The firm is organized into six operating segments-PWR-Grid & Connect, PWR-Grid, PWR-Connect, PWR-Transmission, Industry & Solutions, and Other-covering a spectrum from energy-distribution and building-installation cables to high-voltage offshore wind, subsea interconnection, and oil-&-gas smart-cabling solutions. In addition to finished cable products, Nexans produces wire rods, electrical wires, and offers engineering, financing, asset-management, and system-integration services for large-scale infrastructure projects.
According to Nexans’ 2023 annual report, the company generated €6.9 billion in revenue with an adjusted EBIT margin of roughly 5.5 %, reflecting modest profitability amid a competitive market. The firm’s growth outlook is closely tied to two macro-drivers: (1) the EU Green Deal and global renewable-energy rollout, which are expanding demand for offshore-wind and high-voltage transmission cables; and (2) a projected 5 % CAGR for the global specialty-cable market through 2029, driven by electrification of transport and data-center expansion. A key competitive risk is pricing pressure from rivals such as Prysmian Group, which could compress margins if demand growth slows.
For a deeper quantitative view, see the Nexans page on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income (741.0m TTM) > 0 and > 6% of Revenue (6% = 1.02b TTM) |
| FCFTA 0.10 (>2.0%) and ΔFCFTA 4.58pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 6.49% (prev 3.35%; Δ 3.13pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.18 (>3.0%) and CFO 1.49b > Net Income 741.0m (YES >=105%, WARN >=100%) |
| Net Debt (48.0m) to EBITDA (1.34b) ratio: 0.04 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.28 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (44.9m) change vs 12m ago -0.14% (target <= -2.0% for YES) |
| Gross Margin 13.36% (prev 12.10%; Δ 1.26pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 231.3% (prev 187.4%; Δ 43.92pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 7.47 (EBITDA TTM 1.34b / Interest Expense TTM 121.0m) >= 6 (WARN >= 3) |
Altman Z'' 2.02
| (A) 0.14 = (Total Current Assets 5.05b - Total Current Liabilities 3.95b) / Total Assets 8.11b |
| (B) 0.07 = Retained Earnings (Balance) 593.0m / Total Assets 8.11b |
| (C) 0.12 = EBIT TTM 904.0m / Avg Total Assets 7.36b |
| (D) 0.06 = Book Value of Equity 360.0m / Total Liabilities 6.20b |
| Total Rating: 2.02 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 83.41
| 1. Piotroski 6.0pt |
| 2. FCF Yield 14.66% |
| 3. FCF Margin 4.67% |
| 4. Debt/Equity 1.10 |
| 5. Debt/Ebitda 0.04 |
| 6. ROIC - WACC (= 27.62)% |
| 7. RoE 41.12% |
| 8. Rev. Trend 82.20% |
| 9. EPS Trend 13.07% |
What is the price of NEX shares?
Over the past week, the price has changed by -4.40%, over one month by -1.43%, over three months by +4.29% and over the past year by +40.04%.
Is NEX a buy, sell or hold?
What are the forecasts/targets for the NEX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 134.9 | 8.9% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 143.3 | 15.7% |
NEX Fundamental Data Overview January 14, 2026
P/E Trailing = 11.5602
P/E Forward = 14.2857
P/S = 0.5959
P/B = 2.9013
Revenue TTM = 17.02b EUR
EBIT TTM = 904.0m EUR
EBITDA TTM = 1.34b EUR
Long Term Debt = 1.57b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 361.0m EUR (from shortTermDebt, last quarter)
Debt = 2.09b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 48.0m EUR (from netDebt column, last quarter)
Enterprise Value = 5.42b EUR (5.37b + Debt 2.09b - CCE 2.04b)
Interest Coverage Ratio = 7.47 (Ebit TTM 904.0m / Interest Expense TTM 121.0m)
EV/FCF = 6.82x (Enterprise Value 5.42b / FCF TTM 795.0m)
FCF Yield = 14.66% (FCF TTM 795.0m / Enterprise Value 5.42b)
FCF Margin = 4.67% (FCF TTM 795.0m / Revenue TTM 17.02b)
Net Margin = 4.35% (Net Income TTM 741.0m / Revenue TTM 17.02b)
Gross Margin = 13.36% ((Revenue TTM 17.02b - Cost of Revenue TTM 14.75b) / Revenue TTM)
Gross Margin QoQ = 12.93% (prev 13.58%)
Tobins Q-Ratio = 0.67 (Enterprise Value 5.42b / Total Assets 8.11b)
Interest Expense / Debt = 1.58% (Interest Expense 33.0m / Debt 2.09b)
Taxrate = 21.76% (104.0m / 478.0m)
NOPAT = 707.3m (EBIT 904.0m * (1 - 21.76%))
Current Ratio = 1.28 (Total Current Assets 5.05b / Total Current Liabilities 3.95b)
Debt / Equity = 1.10 (Debt 2.09b / totalStockholderEquity, last quarter 1.89b)
Debt / EBITDA = 0.04 (Net Debt 48.0m / EBITDA 1.34b)
Debt / FCF = 0.06 (Net Debt 48.0m / FCF TTM 795.0m)
Total Stockholder Equity = 1.80b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.07% (Net Income 741.0m / Total Assets 8.11b)
RoE = 41.12% (Net Income TTM 741.0m / Total Stockholder Equity 1.80b)
RoCE = 26.81% (EBIT 904.0m / Capital Employed (Equity 1.80b + L.T.Debt 1.57b))
RoIC = 33.59% (NOPAT 707.3m / Invested Capital 2.11b)
WACC = 5.97% (E(5.37b)/V(7.46b) * Re(7.81%) + D(2.09b)/V(7.46b) * Rd(1.58%) * (1-Tc(0.22)))
Discount Rate = 7.81% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.15%
[DCF Debug] Terminal Value 80.43% ; FCFF base≈615.0m ; Y1≈403.7m ; Y5≈184.2m
Fair Price DCF = 130.4 (EV 5.74b - Net Debt 48.0m = Equity 5.69b / Shares 43.7m; r=5.97% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 13.07 | EPS CAGR: 89.54% | SUE: 3.63 | # QB: 1
Revenue Correlation: 82.20 | Revenue CAGR: 21.57% | SUE: 1.64 | # QB: 3
EPS next Year (2026-12-31): EPS=8.37 | Chg30d=-0.019 | Revisions Net=+0 | Growth EPS=+2.9% | Growth Revenue=-0.5%