NA9 Stock Analysis: Nagarro SE | XETRA
Information Technology Services | XETRA, Germany | Market Cap: 950m EUR | 12M Return: 31% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.32M
EPS Trend: -75.3%
Rev. Trend: 96.4%
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: 47.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -1.99 > 1.0 |
| NWC/Revenue: 23.25% < 20% (prev 24.94%; Δ -1.68% < -1%) |
| CFO/TA 0.09 > 3% & CFO 68.6m > Net Income 47.4m |
| Net Debt (320.2m) to EBITDA (126.0m): 2.54 < 3 |
| Current Ratio: 2.49 > 1.5 & < 3 |
| Outstanding Shares: last quarter (12.4m) vs 12m ago -6.53% < -2% |
| Gross Margin: 26.95% > 18% (prev 19.72%; Δ 7.23% > 0.5%) |
| Asset Turnover: 132.5% > 50% (prev 128.3%; Δ 4.17% > 0%) |
| Interest Coverage Ratio: 4.56 > 6 (EBIT TTM 90.5m / Interest Expense TTM 19.9m) |
| A: 0.31 (Total Current Assets 388.6m - Total Current Liabilities 155.9m) / Total Assets 746.1m |
| B: 0.33 (Retained Earnings 244.3m / Total Assets 746.1m) |
| C: 0.12 (EBIT TTM 90.5m / Avg Total Assets 755.1m) |
| D: 0.31 (Book Value of Equity 174.5m / Total Liabilities 571.7m) |
| Altman-Z'' = 4.24 = AA |
| DSRI: 1.10 (Receivables 246.8m/220.4m, Revenue 1.00b/980.6m) |
| GMI: 0.73 (GM 19.72% / 26.95%) |
| AQI: 1.08 (AQ_t 0.38 / AQ_t-1 0.35) |
| SGI: 1.02 (Revenue 1.00b / 980.6m) |
| TATA: -0.03 (NI 47.4m - CFO 68.6m) / TA 746.1m) |
| Beneish M = -3.13 (Cap -4..+1) = AA |
As of July 10, 2026, the stock is trading at EUR 77.15 with a total of 100,660 shares traded. Over the past week, the price has changed by +3.84%, over one month by +106.94%, over three months by +73.50% and over the past year by +30.95%.
Current recommended Stop Loss: 72.60 (which is 5.9% or 1.4 ATR below the current price).
Nagarro SE has no consensus analysts rating.
P/E Trailing = 20.3042
P/S = 0.9493
P/B = 5.3555
Revenue TTM = 1.00b EUR
EBIT TTM = 90.5m EUR
EBITDA TTM = 126.0m EUR
Long Term Debt = 306.8m EUR (from longTermDebt, last quarter)
Short Term Debt = 23.0m EUR (from shortTermDebt, last quarter)
Debt = 449.2m EUR (from shortLongTermDebtTotal, last quarter) + Leases 69.1m
Net Debt = 320.2m EUR (calculated: Debt 449.2m - CCE 129.0m)
Enterprise Value = 1.27b EUR (949.9m + Debt 449.2m - CCE 129.0m)
Interest Coverage Ratio = 4.56 (Ebit TTM 90.5m / Interest Expense TTM 19.9m)
EV/FCF = 20.55x (Enterprise Value 1.27b / FCF TTM 61.8m)
FCF Yield = 4.87% (FCF TTM 61.8m / Enterprise Value 1.27b)
FCF Margin = 6.18% (FCF TTM 61.8m / Revenue TTM 1.00b)
Net Margin = 4.74% (Net Income TTM 47.4m / Revenue TTM 1.00b)
Gross Margin = 26.95% ((Revenue TTM 1.00b - Cost of Revenue TTM 730.9m) / Revenue TTM)
Gross Margin QoQ = 20.42% (prev 30.23%)
Tobins Q-Ratio = 1.70 (Enterprise Value 1.27b / Total Assets 746.1m)
Interest Expense / Debt = 4.42% (Interest Expense 19.9m / Debt 449.2m)
Taxrate = 33.17% (23.5m / 71.0m)
NOPAT = 60.5m (EBIT 90.5m * (1 - 33.17%))
Current Ratio = 2.49 (Total Current Assets 388.6m / Total Current Liabilities 155.9m)
Debt / Equity = 2.57 (Debt 449.2m / totalStockholderEquity, last quarter 174.5m)
Debt / EBITDA = 2.54 (Net Debt 320.2m / EBITDA 126.0m)
Debt / FCF = 5.18 (Net Debt 320.2m / FCF TTM 61.8m)
Total Stockholder Equity = 164.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.28% (Net Income 47.4m / Total Assets 746.1m)
RoE = 28.91% (Net Income TTM 47.4m / Total Stockholder Equity 164.1m)
RoCE = 19.23% (EBIT 90.5m / Capital Employed (Equity 164.1m + L.T.Debt 306.8m))
RoIC = 10.74% (NOPAT 60.5m / Invested Capital 563.2m)
WACC = 7.53% (E(949.9m)/V(1.40b) * Re(9.69%) + D(449.2m)/V(1.40b) * Rd(4.42%) * (1-Tc(0.33)))
Discount Rate = 9.69% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -69.01 | Cagr: -3.21%
[DCF] Terminal Value 73.10% ; FCFF base≈68.5m ; Y1≈60.1m ; Y5≈48.5m
[DCF] Fair Price = 37.06 (EV 778.8m - Net Debt 320.2m = Equity 458.6m / Shares 12.4m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -75.33 | EPS CAGR: -14.10% | SUE: N/A | # QB: 0
Revenue Correlation: 96.44 | Revenue CAGR: 4.06% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=5.18 | Chg30d=+0.29% | Revisions=-50% | GrowthEPS=+21.3% | GrowthRev=+2.9%
EPS next Year (2027-12-31): EPS=5.47 | Chg30d=-6.17% | Revisions=-50% | GrowthEPS=+5.5% | GrowthRev=+5.2%
[Analyst] Revisions Ratio: -67% (up=0, down=6)