Stock · NDX1.DE · Industrials

Nordex SE

Germany · Large Cap · Revenue 12 mo. €8B

Price as of 11/06/2026

StockScorer score
7.3
of 10 8 of 11 points High Match To the score
Price
€42.98
1 Y +46.5%
Market cap
€10.2B
Phase
Scaling
revenue growing, core business only recently profitable
Revenue +9.9% a year (3 years)EBIT margin 7.0%Payout 0.0% of operating cash flow

Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines in Europe, North America, Latin America, and internationally.

moreless

Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines in Europe, North America, Latin America, and internationally. It operates in Projects and Services segments. The company offers Delta4000 and Delta series turbine platforms. It also provides project development; maintenance and repair; spare parts; remote monitoring services for wind farms; upgrades; and technical and efficiency enhancements for existing turbines. Nordex SE was incorporated in 1985 and is headquartered in Hamburg, Germany with a production facility in Izmir, Türkiye.

Original text from the data provider

Summary

Nordex SE is around the middle of the Industrials sector overall

51.7 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 1.2% FCF growth a year, less than achieved over the last 10 years.

If free cash flow stays at €844.1M (2025), it supports €9.4B. The remaining €801.8M of the market value assume it grows 1.2% a year for 10 years and not at all afterwards.

Required FCF growth per year

1.2%

no growth afterwards

Market value breakdown€10.2B market value, price as of 11/06/2026

€9.4B without growth
€801.8M priced-in growth
  • 10 yrs achieved 42.0%
  • priced in 1.2%

Valuation against its own history

Price to operating cash flow 11.4×, within its usual range.

Middle half of 14 quarters: 6.8× to 16.0×, median 10.5×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

2 signs support the expectation, 1 speaks against it.

What supports it

with respect to the priced-in expectation

  • Expectation below the company's own record priced in 1.2%, achieved at least 42.0%
  • Low capital needs capex median 3.3% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

  • Volatile earnings 6 drops or sign changes in up to 10 years

Since the last quarter

Q1 → Q2 2026

Mostly better than the previous quarter: 4 of 4 changes for the better.

  • FCF, 12 mo.€746.3M → €800.9M+7.3%better
  • EBIT margin7.6% → 8.6%+1.0 ppbetter
  • Net debt−€1.3B → −€1.4B−13.2%better
  • Return on equity24.1% → 27.6%+3.5 ppbetter

4 more unchanged: Revenue, 12 mo., Gross margin, FCF margin, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability53.5around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity21.47%13.10%Rank 77
Return on capital (Greenblatt)60.10%19.33%Rank 87
EBIT margin7.03%11.28%Rank 25
FCF margin11.18%8.50%Rank 66
Gross margin13.30%28.98%Rank 12
Growth33.5below the middleGrows more slowly than the sector: Sustainable growth (ROE × retained earnings) 2.28%, sector 4.02%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year3.49%5.15%Rank 40
Earnings growth, 3 years per yeardoes not count towards the rank–8.01%
Earnings growth, 5 years per yeardoes not count towards the rank–12.89%
Sustainable growth (ROE × retained earnings)2.28%4.02%Rank 27
Valuation59.9around the middleValued about like the sector.
MetricStockSector medianPosition in sector
Earnings yield2.70%4.42%Rank 18
FCF yield8.29%3.98%Rank 86
EV/saleslower is better1.162.08Rank 74
EV/EBITlower is better16.4619.47Rank 62
Momentum70.0above the middleShare price doing better than the sector: Share price, 1 year 46.46%, sector −0.01%.
MetricStockSector medianPosition in sector
Share price, 1 year46.46%−0.01%Rank 95
Share price, 6 months−7.56%−1.43%Rank 36
Share price, 3 months15.79%0.53%Rank 91
Distance from 52-week high−14.04%−16.36%Rank 58
Quality47.2around the middleQuality about like the sector.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−8.37%1.39%Rank 97
Change in share countlower is better3.74%−0.44%Rank 6
Dividend streak in years–5Rank 7
Price reaction to results, market-adjusted4.09%0.27%Rank 78
Balance sheet & risk46.2around the middleRisk about like the sector.
MetricStockSector medianPosition in sector
Equity ratio15.13%39.65%Rank 7
Net debt/EBITDAlower is better−2.041.38Rank 95
Debt to equitylower is better0.380.61Rank 69
Volatility, 1 yearlower is better46.45%32.95%Rank 14

Ten years in figures

Revenue from €3.4B (2016) to €7.6B (2025), 9.3% a year.

Fiscal years, amounts in EUR
YearRevenue, €BEBIT marginFCF, €MSharesNet debt
20163.45.2%39.4106M€2.3M
20173.12.0%−59.7111M€65.2M
20182.5−1.5%11.2111M€35.9M
20193.3−0.1%−135.5114M€191.9M
20204.7−8.7%−516.1123M€141.5M
20215.4−1.5%−42.1147M−€297.4M
20225.7−8.6%−555.5184M−€51.6M
20236.5−3.3%28.3228M−€450.9M
20247.32.7%265.6228M−€650.9M
20257.67.0%844.1236M−€1.4B
7.3 / 10High MatchStockScorer score8 of 11 points

5 of 7 StockScorer Score rules met · How the score is built

Nordex SE mainly meets criteria in the Profitability category. Result from 18 strategies checked.

This stock · Profitability: 100%This stock · Growth: 0%This stock · Valuation: 100%This stock · Momentum: 100%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Nordex SE's score is built

Nordex SE is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

5 of 7 rules met

8 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.no data0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketmet1 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Nordex SE stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Magic Formula: Value + Quality
  • Moat Quality
  • Trending Value: Value + Momentum
  • Undervalued Stocks: Multi-Factor Check
  • Altman Z-Score: Stress Test
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • PEG Strategy (inspired by Peter Lynch)

Nordex SE key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Nordex SE.

MetricStockSector
P/E ratio37.022.5
P/B ratio8.02.9
Return on equity (ROE)21.5%13.1%
Equity ratio15.1%39.7%
Debt-to-equity (D/E)0.380.61
Dividend yield0.0%2.0%

Similar stocks in Industrials

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
NDX1.DENordex SEthis page
G1A.DEGEA GROUPHigh6.4
RAA.DERATIONAL AktiengesellschaftLow4.5
GIL.DEDMG MORI AKTIENGESELLSCHAFTLow0.0
KRN.DEKrones AGlocked
I19.FZhejiang Sanhua Intelligent Controls Co.,Ltdlocked

Frequently asked questions about Nordex SE stock

How does Nordex SE stock (NDX1.DE) score in the StockScorer model?
Nordex SE stock reaches a StockScorer score of 7.3 out of 10, which is a high match with the rule-based strategies. 5 out of 7 flagship profile rules are met.
What is Nordex SE's P/E ratio?
Nordex SE's P/E ratio is 37.0. The Industrials sector median is 22.5.
What sector is Nordex SE in?
Nordex SE is assigned to the Industrials sector. Its rank within the sector is 51.7 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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