NA9 Stock Analysis: Nagarro SE | XETRA
Information Technology Services | XETRA, Germany | Market Cap: 968m EUR | 12M Return: 45.2% | DE000A3H2200 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.42M
EPS Trend: -52.7%
Rev. Trend: 95.7%
Warnings
No concerns identified
Tailwinds
Seasonality 5.6 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.
Nagarro SE is a Munich-based digital product engineering and technology solutions provider founded in 1996, operating across Germany, the United States, Europe, and other international markets. The company offers a broad portfolio of services spanning AI and data analytics, cloud, cybersecurity, DevOps, enterprise consulting, managed services, and emerging areas such as quantum computing, blockchain, and AR/VR solutions. It serves a diverse range of industries, including automotive, banking and financial services, healthcare, insurance, retail, telecom, and the public sector, among others.
As a company classified in the Data Processing & Outsourced Services sub-industry, Nagarro operates in the global IT services market, where firms typically generate revenue through a mix of project-based consulting, managed services contracts, and long-term digital transformation engagements. The company was originally spun off from the IT services arm of a major German insurance group before becoming an independent publicly listed entity, and it competes in a fragmented segment alongside other large European and Indian IT services providers.
- AI and cloud services revenue accelerates on enterprise digital transformation
- US enterprise IT budget cuts pressure utilization and pricing
- Acquisition-driven growth strategy lifts debt and integration risk
| Net Income: 49.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 2.01 > 1.0 |
| NWC/Revenue: 23.57% < 20% (prev 20.93%; Δ 2.64% < -1%) |
| CFO/TA 0.13 > 3% & CFO 102.1m > Net Income 49.7m |
| Net Debt (315.8m) to EBITDA (119.8m): 2.64 < 3 |
| Current Ratio: 2.40 > 1.5 & < 3 |
| Outstanding Shares: last quarter (12.4m) vs 12m ago -2.49% < -2% |
| Gross Margin: 23.12% > 18% (prev 23.02%; Δ 0.10% > 0.5%) |
| Asset Turnover: 134.5% > 50% (prev 135.7%; Δ -1.22% > 0%) |
| Interest Coverage Ratio: 4.21 > 6 (EBIT TTM 84.4m / Interest Expense TTM 20.1m) |
| A: 0.31 (Total Current Assets 403.8m - Total Current Liabilities 167.9m) / Total Assets 760.2m |
| B: 0.32 (Retained Earnings 242.5m / Total Assets 760.2m) |
| C: 0.11 (EBIT TTM 84.4m / Avg Total Assets 744.3m) |
| D: 0.30 (Book Value of Equity 175.0m / Total Liabilities 585.2m) |
| Altman-Z'' = 4.15 = AA |
| DSRI: 0.99 (Receivables 237.8m/236.2m, Revenue 1.00b/988.4m) |
| GMI: 1.00 (GM 23.02% / 23.12%) |
| AQI: 1.06 (AQ_t 0.37 / AQ_t-1 0.35) |
| SGI: 1.01 (Revenue 1.00b / 988.4m) |
| TATA: -0.07 (NI 49.7m - CFO 102.1m) / TA 760.2m) |
| Beneish M = -3.00 (Cap -4..+1) = A |
As of August 24, 2026, the stock is trading at EUR 78.30 with a total of 13,781 shares traded. Over the past week, the price has changed by +0.38%, over one month by +2.82%, over three months by +92.31% and over the past year by +45.19%.
Current recommended Stop Loss: 76.10 (which is 2.8% or 2.7 ATR below the current price).
Nagarro SE has no consensus analysts rating.
P/E Trailing = 19.6482
P/S = 0.9669
P/B = 5.5194
Revenue TTM = 1.00b EUR
EBIT TTM = 84.4m EUR
EBITDA TTM = 119.8m EUR
Long Term Debt = 307.1m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 23.0m EUR (from shortTermDebt, last quarter)
Debt = 447.0m EUR (from shortLongTermDebtTotal, last quarter) + Leases 69.1m
Net Debt = 315.8m EUR (calculated: Debt 447.0m - CCE 131.3m)
Enterprise Value = 1.28b EUR (967.8m + Debt 447.0m - CCE 131.3m)
Interest Coverage Ratio = 4.21 (Ebit TTM 84.4m / Interest Expense TTM 20.1m)
EV/FCF = 13.46x (Enterprise Value 1.28b / FCF TTM 95.4m)
FCF Yield = 7.43% (FCF TTM 95.4m / Enterprise Value 1.28b)
FCF Margin = 9.53% (FCF TTM 95.4m / Revenue TTM 1.00b)
Net Margin = 4.97% (Net Income TTM 49.7m / Revenue TTM 1.00b)
Gross Margin = 23.12% ((Revenue TTM 1.00b - Cost of Revenue TTM 769.5m) / Revenue TTM)
Gross Margin QoQ = 17.89% (prev 20.42%)
Tobins Q-Ratio = 1.69 (Enterprise Value 1.28b / Total Assets 760.2m)
Interest Expense / Debt = 4.49% (Interest Expense 20.1m / Debt 447.0m)
Taxrate = 24.98% (16.6m / 66.3m)
NOPAT = 63.3m (EBIT 84.4m * (1 - 24.98%))
Current Ratio = 2.40 (Total Current Assets 403.8m / Total Current Liabilities 167.9m)
Debt / Equity = 2.55 (Debt 447.0m / totalStockholderEquity, last quarter 175.0m)
Debt / EBITDA = 2.64 (Net Debt 315.8m / EBITDA 119.8m)
Debt / FCF = 3.31 (Net Debt 315.8m / FCF TTM 95.4m)
Total Stockholder Equity = 169.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.68% (Net Income 49.7m / Total Assets 760.2m)
RoE = 29.36% (Net Income TTM 49.7m / Total Stockholder Equity 169.3m)
RoCE = 17.71% (EBIT 84.4m / Capital Employed (Equity 169.3m + L.T.Debt 307.1m))
RoIC = 11.20% (NOPAT 63.3m / Invested Capital 565.2m)
WACC = 8.03% (E(967.8m)/V(1.41b) * Re(10.19%) + D(447.0m)/V(1.41b) * Rd(4.49%) * (1-Tc(0.25)))
Discount Rate = 10.19% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.67 | Cagr: -3.20%
[DCF] Terminal Value 77.97% ; FCFF base≈87.9m ; Y1≈100.8m ; Y5≈148.4m
[DCF] Fair Price = 154.9 (EV 2.23b - Net Debt 315.8m = Equity 1.92b / Shares 12.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -52.66 | EPS CAGR: -7.81% | SUE: N/A | # QB: 0
Revenue Correlation: 95.66 | Revenue CAGR: 3.95% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=5.41 | Chg30d=+2.08% | Revisions=+0% | GrowthEPS=+26.5% | GrowthRev=+2.7%
EPS next Year (2027-12-31): EPS=5.57 | Chg30d=+1.78% | Revisions=+0% | GrowthEPS=+3.0% | GrowthRev=+5.2%
[Analyst] Revisions Ratio: +0% (up=2, down=2)