(NDX1) Nordex SE - XETRA
Sector: Industrials | Industry: Specialty Industrial Machinery | Exchange: XETRA (Germany) | Market Cap: 9.641m EUR | Total Return: 148.6% in 12m
Avg Turnover: 22.9M
Qual. Beats: 0
Rev. Trend: 92.3%
Qual. Beats: 0
Warnings
Extended 1w Below Avwap Earnings
Tailwinds
Rs Leader, Idiosyncratic Leader, Confidence
Nordex SE is a Germany-based manufacturer specializing in the development and distribution of onshore wind turbines, primarily through its Delta and Delta4000 platforms. The company operates across two core segments: Projects, which focuses on the manufacturing and installation of new turbines, and Services, which provides long-term maintenance, remote monitoring, and technical upgrades for existing wind farms.
The wind energy sector relies heavily on long-term service contracts to generate recurring revenue and offset the cyclical nature of capital-intensive turbine sales. As an onshore specialist, Nordex competes in a global market where business models are increasingly focused on increasing turbine capacity and enhancing efficiency through digital monitoring and aerodynamic upgrades.
Investors can further examine the companys valuation metrics and historical performance trends via ValueRay. Founded in 1985 and headquartered in Hamburg, Nordex maintains a significant geographical footprint across Europe, North America, and Latin America.
- Expansion of Delta4000 turbine platform installations drives core revenue growth
- High raw material and logistics costs pressure manufacturing segment margins
- Increasing service segment backlog provides long-term recurring cash flow stability
- European Union renewable energy policy shifts impact onshore wind project demand
- Global interest rate fluctuations determine capital expenditure for large-scale wind projects
| Net Income: 320.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 1.88 > 1.0 |
| NWC/Revenue: 5.98% < 20% (prev 0.13%; Δ 5.85% < -1%) |
| CFO/TA 0.13 > 3% & CFO 921.0m > Net Income 320.3m |
| Net Debt (-1.10b) to EBITDA (759.0m): -1.45 < 3 |
| Current Ratio: 1.11 > 1.5 & < 3 |
| Outstanding Shares: last quarter (259.7m) vs 12m ago 9.84% < -2% |
| Gross Margin: 17.05% > 18% (prev 19.59%; Δ -2.55% > 0.5%) |
| Asset Turnover: 122.9% > 50% (prev 127.1%; Δ -4.16% > 0%) |
| Interest Coverage Ratio: 6.75 > 6 (EBIT TTM 584.7m / Interest Expense TTM 86.6m) |
| A: 0.07 (Total Current Assets 4.78b - Total Current Liabilities 4.32b) / Total Assets 6.91b |
| B: 0.05 (Retained Earnings 347.8m / Total Assets 6.91b) |
| C: 0.09 (EBIT TTM 584.7m / Avg Total Assets 6.27b) |
| D: 0.24 (Book Value of Equity 1.33b / Total Liabilities 5.57b) |
| Altman-Z'' = 1.48 = BB |
| DSRI: 1.32 (Receivables 1.57b/1.11b, Revenue 7.71b/7.16b) |
| GMI: 1.15 (GM 19.59% / 17.05%) |
| AQI: 0.87 (AQ_t 0.23 / AQ_t-1 0.27) |
| SGI: 1.08 (Revenue 7.71b / 7.16b) |
| TATA: -0.09 (NI 320.3m - CFO 921.0m) / TA 6.91b) |
| Beneish M = -2.66 (Cap -4..+1) = A |
As of June 19, 2026, the stock is trading at EUR 43.20 with a total of 824,755 shares traded.
Over the past week, the price has changed by +13.09%,
over one month by -8.86%,
over three months by -6.25% and
over the past year by +148.56%.
Nordex SE has no consensus analysts rating.
P/E Trailing = 30.8333
P/E Forward = 39.8406
P/S = 1.2511
P/B = 7.1377
P/EG = 1.4987
Revenue TTM = 7.71b EUR
EBIT TTM = 584.7m EUR
EBITDA TTM = 759.0m EUR
Long Term Debt = 271.6m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 109.8m EUR (from shortTermDebt, last quarter)
Debt = 727.2m EUR (from shortLongTermDebtTotal, last quarter) + Leases 178.7m
Net Debt = -1.10b EUR (calculated: Debt 727.2m - CCE 1.83b)
Enterprise Value = 8.54b EUR (9.64b + Debt 727.2m - CCE 1.83b)
Interest Coverage Ratio = 6.75 (Ebit TTM 584.7m / Interest Expense TTM 86.6m)
EV/FCF = 11.44x (Enterprise Value 8.54b / FCF TTM 746.3m)
FCF Yield = 8.74% (FCF TTM 746.3m / Enterprise Value 8.54b)
FCF Margin = 9.68% (FCF TTM 746.3m / Revenue TTM 7.71b)
Net Margin = 4.16% (Net Income TTM 320.3m / Revenue TTM 7.71b)
Gross Margin = 17.05% ((Revenue TTM 7.71b - Cost of Revenue TTM 6.39b) / Revenue TTM)
Gross Margin QoQ = 12.36% (prev 16.76%)
Tobins Q-Ratio = 1.24 (Enterprise Value 8.54b / Total Assets 6.91b)
Interest Expense / Debt = 11.91% (Interest Expense 86.6m / Debt 727.2m)
Taxrate = 28.36% (126.7m / 446.8m)
NOPAT = 418.8m (EBIT 584.7m * (1 - 28.36%))
Current Ratio = 1.11 (Total Current Assets 4.78b / Total Current Liabilities 4.32b)
Debt / Equity = 0.55 (Debt 727.2m / totalStockholderEquity, last quarter 1.33b)
Debt / EBITDA = -1.45 (Net Debt -1.10b / EBITDA 759.0m)
Debt / FCF = -1.48 (Net Debt -1.10b / FCF TTM 746.3m)
Total Stockholder Equity = 1.17b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.11% (Net Income 320.3m / Total Assets 6.91b)
RoE = 27.32% (Net Income TTM 320.3m / Total Stockholder Equity 1.17b)
RoCE = 40.48% (EBIT 584.7m / Capital Employed (Equity 1.17b + L.T.Debt 271.6m))
RoIC = 18.15% (NOPAT 418.8m / Invested Capital 2.31b)
WACC = 6.90% (E(9.64b)/V(10.4b) * Re(6.78%) + D(727.2m)/V(10.4b) * Rd(11.91%) * (1-Tc(0.28)))
Discount Rate = 6.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 43.53 | Cagr: 4.26%
[DCF] Terminal Value 77.97% ; FCFF base≈649.0m ; Y1≈744.0m ; Y5≈1.10b
[DCF] Fair Price = 74.22 (EV 16.5b - Net Debt -1.10b = Equity 17.6b / Shares 236.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.18 | # QB: 0
Revenue Correlation: 92.32 | Revenue CAGR: 6.95% | SUE: 0.67 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.40 | Chg30d=+9.04% | Revisions=+33% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.51 | Chg30d=+7.24% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=1.96 | Chg30d=N/A | Revisions=+20% | GrowthEPS=+73.1% | GrowthRev=+15.4%
EPS next Year (2027-12-31): EPS=2.35 | Chg30d=N/A | Revisions=+33% | GrowthEPS=+19.9% | GrowthRev=+10.2%
[Analyst] Revisions Ratio: +33%