(NEX) Nexans S.A. - Overview
Stock: Cables, Wind-Farm, Subsea, Grid, Industry
Dividends
| Dividend Yield | 2.60% |
| Yield on Cost 5y | 4.34% |
| Yield CAGR 5y | 38.83% |
| Payout Consistency | 65.8% |
| Payout Ratio | 24.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 37.0% |
| Relative Tail Risk | -7.19% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.21 |
| Alpha | 42.90 |
| Character TTM | |
|---|---|
| Beta | 0.457 |
| Beta Downside | 0.767 |
| Drawdowns 3y | |
|---|---|
| Max DD | 42.26% |
| CAGR/Max DD | 0.42 |
Description: NEX Nexans S.A. January 09, 2026
Nexans S.A. (PA :NEX) is a French-based cable manufacturer that serves a global customer base across France, Canada, Norway, Germany and other markets. The firm is organized into six operating segments-PWR-Grid & Connect, PWR-Grid, PWR-Connect, PWR-Transmission, Industry & Solutions, and Other-covering a spectrum from energy-distribution and building-installation cables to high-voltage offshore wind, subsea interconnection, and oil-&-gas smart-cabling solutions. In addition to finished cable products, Nexans produces wire rods, electrical wires, and offers engineering, financing, asset-management, and system-integration services for large-scale infrastructure projects.
According to Nexans’ 2023 annual report, the company generated €6.9 billion in revenue with an adjusted EBIT margin of roughly 5.5 %, reflecting modest profitability amid a competitive market. The firm’s growth outlook is closely tied to two macro-drivers: (1) the EU Green Deal and global renewable-energy rollout, which are expanding demand for offshore-wind and high-voltage transmission cables; and (2) a projected 5 % CAGR for the global specialty-cable market through 2029, driven by electrification of transport and data-center expansion. A key competitive risk is pricing pressure from rivals such as Prysmian Group, which could compress margins if demand growth slows.
For a deeper quantitative view, see the Nexans page on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 741.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 4.58 > 1.0 |
| NWC/Revenue: 6.49% < 20% (prev 3.35%; Δ 3.13% < -1%) |
| CFO/TA 0.18 > 3% & CFO 1.49b > Net Income 741.0m |
| Net Debt (48.0m) to EBITDA (1.34b): 0.04 < 3 |
| Current Ratio: 1.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (44.9m) vs 12m ago -0.14% < -2% |
| Gross Margin: 13.36% > 18% (prev 0.12%; Δ 1324 % > 0.5%) |
| Asset Turnover: 231.3% > 50% (prev 187.4%; Δ 43.92% > 0%) |
| Interest Coverage Ratio: 7.47 > 6 (EBITDA TTM 1.34b / Interest Expense TTM 121.0m) |
Altman Z'' 2.02
| A: 0.14 (Total Current Assets 5.05b - Total Current Liabilities 3.95b) / Total Assets 8.11b |
| B: 0.07 (Retained Earnings 593.0m / Total Assets 8.11b) |
| C: 0.12 (EBIT TTM 904.0m / Avg Total Assets 7.36b) |
| D: 0.06 (Book Value of Equity 360.0m / Total Liabilities 6.20b) |
| Altman-Z'' Score: 2.02 = BBB |
Beneish M -3.08
| DSRI: 0.77 (Receivables 1.46b/1.38b, Revenue 17.02b/12.38b) |
| GMI: 0.91 (GM 13.36% / 12.10%) |
| AQI: 1.08 (AQ_t 0.13 / AQ_t-1 0.12) |
| SGI: 1.38 (Revenue 17.02b / 12.38b) |
| TATA: -0.09 (NI 741.0m - CFO 1.49b) / TA 8.11b) |
| Beneish M-Score: -3.08 (Cap -4..+1) = AA |
What is the price of NEX shares?
Over the past week, the price has changed by +4.67%, over one month by +9.70%, over three months by +14.96% and over the past year by +53.17%.
Is NEX a buy, sell or hold?
What are the forecasts/targets for the NEX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 137.6 | -1.1% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 169.7 | 22% |
NEX Fundamental Data Overview February 03, 2026
P/E Trailing = 12.4929
P/E Forward = 14.9477
P/S = 0.643
P/B = 3.0312
Revenue TTM = 17.02b EUR
EBIT TTM = 904.0m EUR
EBITDA TTM = 1.34b EUR
Long Term Debt = 1.57b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 361.0m EUR (from shortTermDebt, last quarter)
Debt = 2.09b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 48.0m EUR (from netDebt column, last quarter)
Enterprise Value = 5.85b EUR (5.80b + Debt 2.09b - CCE 2.04b)
Interest Coverage Ratio = 7.47 (Ebit TTM 904.0m / Interest Expense TTM 121.0m)
EV/FCF = 7.35x (Enterprise Value 5.85b / FCF TTM 795.0m)
FCF Yield = 13.60% (FCF TTM 795.0m / Enterprise Value 5.85b)
FCF Margin = 4.67% (FCF TTM 795.0m / Revenue TTM 17.02b)
Net Margin = 4.35% (Net Income TTM 741.0m / Revenue TTM 17.02b)
Gross Margin = 13.36% ((Revenue TTM 17.02b - Cost of Revenue TTM 14.75b) / Revenue TTM)
Gross Margin QoQ = 12.93% (prev 13.58%)
Tobins Q-Ratio = 0.72 (Enterprise Value 5.85b / Total Assets 8.11b)
Interest Expense / Debt = 1.58% (Interest Expense 33.0m / Debt 2.09b)
Taxrate = 21.76% (104.0m / 478.0m)
NOPAT = 707.3m (EBIT 904.0m * (1 - 21.76%))
Current Ratio = 1.28 (Total Current Assets 5.05b / Total Current Liabilities 3.95b)
Debt / Equity = 1.10 (Debt 2.09b / totalStockholderEquity, last quarter 1.89b)
Debt / EBITDA = 0.04 (Net Debt 48.0m / EBITDA 1.34b)
Debt / FCF = 0.06 (Net Debt 48.0m / FCF TTM 795.0m)
Total Stockholder Equity = 1.80b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.07% (Net Income 741.0m / Total Assets 8.11b)
RoE = 41.12% (Net Income TTM 741.0m / Total Stockholder Equity 1.80b)
RoCE = 26.81% (EBIT 904.0m / Capital Employed (Equity 1.80b + L.T.Debt 1.57b))
RoIC = 33.59% (NOPAT 707.3m / Invested Capital 2.11b)
WACC = 5.92% (E(5.80b)/V(7.89b) * Re(7.60%) + D(2.09b)/V(7.89b) * Rd(1.58%) * (1-Tc(0.22)))
Discount Rate = 7.60% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.15%
[DCF Debug] Terminal Value 80.74% ; FCFF base≈615.0m ; Y1≈403.7m ; Y5≈184.2m
Fair Price DCF = 132.7 (EV 5.84b - Net Debt 48.0m = Equity 5.79b / Shares 43.7m; r=5.92% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: -0.29 | EPS CAGR: -26.84% | SUE: 0.0 | # QB: 0
Revenue Correlation: 82.20 | Revenue CAGR: 21.57% | SUE: 1.64 | # QB: 3
EPS next Year (2026-12-31): EPS=8.09 | Chg30d=-0.273 | Revisions Net=-2 | Growth EPS=+1.8% | Growth Revenue=+2.4%