(NOEJ) Norma NA O.N. - Overview
Sector: Industrials | Industry: Metal Fabrication | Exchange: XETRA (Germany) | Market Cap: 474m EUR | Total Return: 50.9% in 12m
Avg Turnover: 1.67M
Rev. Trend: -84.6%
Qual. Beats: 0
Warnings
Interest Coverage Ratio -4.9 is critical
Choppy
Tailwinds
No distinct edge detected
NORMA Group SE (NOEJ) manufactures and sells engineered joining technology solutions across global markets. The companys product portfolio includes quick connectors, hose clamps, retaining clamps, and pipe couplings. These components are critical in various industrial applications, ensuring secure connections in fluid and air systems. Additionally, the company offers solutions for stormwater management, landscape irrigation, and water infrastructure, catering to the growing demand for efficient water resource management.
NOEJ distributes its products through multiple channels, including direct sales to original equipment manufacturers (OEMs), distributors, and retail outlets such as DIY stores. This diversified distribution strategy is common in the industrial components sector, allowing companies to reach a broad customer base. Its products are utilized in diverse sectors including automotive, commercial vehicles, aviation, infrastructure, shipbuilding, mechanical engineering, and agriculture. Further research on ValueRay can provide deeper insights into the companys market positioning and financial performance.
- Automotive production volumes impact demand for joining technologies
- Raw material price fluctuations affect production costs
- Infrastructure spending drives water management product sales
- Industrial and mechanical engineering demand influences component orders
| Net Income: 232.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -4.03 > 1.0 |
| NWC/Revenue: 68.53% < 20% (prev 24.36%; Δ 44.17% < -1%) |
| CFO/TA 0.04 > 3% & CFO 56.2m > Net Income 232.5m |
| Net Debt (-434.0m) to EBITDA (8.89m): -48.79 < 3 |
| Current Ratio: 2.24 > 1.5 & < 3 |
| Outstanding Shares: last quarter (31.9m) vs 12m ago -3.84% < -2% |
| Gross Margin: 41.76% > 18% (prev 0.47%; Δ 4.13k% > 0.5%) |
| Asset Turnover: 54.00% > 50% (prev 79.86%; Δ -25.87% > 0%) |
| Interest Coverage Ratio: -4.92 > 6 (EBITDA TTM 8.89m / Interest Expense TTM 17.6m) |
| A: 0.38 (Total Current Assets 922.7m - Total Current Liabilities 411.3m) / Total Assets 1.35b |
| B: 0.49 (Retained Earnings 662.3m / Total Assets 1.35b) |
| C: -0.06 (EBIT TTM -86.6m / Avg Total Assets 1.38b) |
| D: 1.39 (Book Value of Equity 660.9m / Total Liabilities 475.9m) |
| Altman-Z'' = 5.13 = AAA |
| DSRI: 1.24 (Receivables 149.5m/183.0m, Revenue 746.1m/1.13b) |
| GMI: 1.13 (GM 41.76% / 47.24%) |
| AQI: 0.39 (AQ_t 0.15 / AQ_t-1 0.40) |
| SGI: 0.66 (Revenue 746.1m / 1.13b) |
| TATA: 0.13 (NI 232.5m - CFO 56.2m) / TA 1.35b) |
| Beneish M = -3.18 (Cap -4..+1) = AA |
As of May 24, 2026, the stock is trading at EUR 16.62 with a total of 43,114 shares traded.
Over the past week, the price has changed by +0.00%,
over one month by +21.34%,
over three months by +17.33% and
over the past year by +50.85%.
Norma NA O.N. has no consensus analysts rating.
P/E Forward = 17.0648
P/S = 0.5747
P/B = 0.5793
P/EG = 1.0072
Revenue TTM = 746.1m EUR
EBIT TTM = -86.6m EUR
EBITDA TTM = 8.89m EUR
Long Term Debt = 26.7m EUR (from longTermDebt, last quarter)
Short Term Debt = 47.3m EUR (from shortTermDebt, last quarter)
Debt = 110.8m EUR (from shortLongTermDebtTotal, last quarter) + Leases 22.1m
Net Debt = -434.0m EUR (calculated: Debt 110.8m - CCE 544.7m)
Enterprise Value = 40.4m EUR (474.3m + Debt 110.8m - CCE 544.7m)
Interest Coverage Ratio = -4.92 (Ebit TTM -86.6m / Interest Expense TTM 17.6m)
EV/FCF = 2.41x (Enterprise Value 40.4m / FCF TTM 16.7m)
FCF Yield = 41.45% (FCF TTM 16.7m / Enterprise Value 40.4m)
FCF Margin = 2.24% (FCF TTM 16.7m / Revenue TTM 746.1m)
Net Margin = 31.17% (Net Income TTM 232.5m / Revenue TTM 746.1m)
Gross Margin = 41.76% ((Revenue TTM 746.1m - Cost of Revenue TTM 434.5m) / Revenue TTM)
Gross Margin QoQ = 11.88% (prev none%)
Tobins Q-Ratio = 0.03 (Enterprise Value 40.4m / Total Assets 1.35b)
Interest Expense / Debt = 15.88% (Interest Expense 17.6m / Debt 110.8m)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = -64.9m (EBIT -86.6m * (1 - 25.00%)) [loss with tax shield]
Current Ratio = 2.24 (Total Current Assets 922.7m / Total Current Liabilities 411.3m)
Debt / Equity = 0.13 (Debt 110.8m / totalStockholderEquity, last quarter 871.3m)
Debt / EBITDA = -48.79 (Net Debt -434.0m / EBITDA 8.89m)
Debt / FCF = -25.94 (Net Debt -434.0m / FCF TTM 16.7m)
Total Stockholder Equity = 667.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 16.83% (Net Income 232.5m / Total Assets 1.35b)
RoE = 34.87% (Net Income TTM 232.5m / Total Stockholder Equity 667.0m)
RoCE = -12.48% (EBIT -86.6m / Capital Employed (Equity 667.0m + L.T.Debt 26.7m))
RoIC = -14.80% (negative operating profit) (NOPAT -64.9m / Invested Capital 438.7m)
WACC = 9.23% (E(474.3m)/V(585.1m) * Re(8.60%) + D(110.8m)/V(585.1m) * Rd(15.88%) * (1-Tc(0.25)))
Discount Rate = 8.60% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -35.99 | Cagr: 0.0%
[DCF] Terminal Value 69.88% ; FCFF base≈39.9m ; Y1≈35.0m ; Y5≈28.3m
[DCF] Fair Price = 28.96 (EV 396.4m - Net Debt -434.0m = Equity 830.4m / Shares 28.7m; r=9.23% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: -84.57 | Revenue CAGR: -14.52% | SUE: 0.49 | # QB: 0
EPS current Year (2026-12-31): EPS=0.65 | Chg30d=+50.90% | Revisions=-20% | GrowthEPS=+167.5% | GrowthRev=+0.9%
EPS next Year (2027-12-31): EPS=0.85 | Chg30d=-6.72% | Revisions=-33% | GrowthEPS=+30.5% | GrowthRev=+4.3%
[Analyst] Revisions Ratio: -33%