(NA9) Nagarro SE - Overview
Stock: Digital Engineering, Cloud Services, AI Analytics, DevOps, Cybersecurity
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.69% |
| Yield on Cost 5y | 1.25% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 100.0% |
| Payout Ratio | 34.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 49.5% |
| Relative Tail Risk | -12.3% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.50 |
| Alpha | -38.85 |
| Character TTM | |
|---|---|
| Beta | 0.380 |
| Beta Downside | 0.816 |
| Drawdowns 3y | |
|---|---|
| Max DD | 59.09% |
| CAGR/Max DD | -0.29 |
Description: NA9 Nagarro SE December 25, 2025
Nagarro SE (XETRA: NA9) is a Munich-based digital engineering firm that delivers a broad portfolio of technology services-including AI & analytics, cloud & DevOps, cybersecurity, low-code development, and quantum computing-to clients across 20+ industry verticals such as automotive, financial services, and healthcare.
In FY 2023 the company reported revenue of €1.2 billion, representing a 12 % year-over-year increase, and an operating margin of roughly 8 %, reflecting the higher-margin nature of its consulting and managed-services contracts.
Key macro drivers for Nagarro’s market include the accelerating corporate spend on digital transformation (global IT services market projected to grow at ~5 % CAGR through 2028) and the rising demand for AI-enabled automation, which aligns with the firm’s focus on intelligent process automation and AI-driven analytics.
Sector-specific trends such as the expansion of cloud migration projects in Europe and the United States, and the growing adoption of low-code platforms, provide tailwinds for Nagarro’s “accelerated quality and test engineering” and “application managed services” offerings.
For a deeper, data-driven view of Nagarro’s valuation metrics, you may find ValueRay’s analyst dashboard useful.
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income: 48.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 0.54 > 1.0 |
| NWC/Revenue: 22.35% < 20% (prev 26.19%; Δ -3.84% < -1%) |
| CFO/TA 0.13 > 3% & CFO 98.7m > Net Income 48.8m |
| Net Debt (242.6m) to EBITDA (145.0m): 1.67 < 3 |
| Current Ratio: 2.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (12.6m) vs 12m ago -5.17% < -2% |
| Gross Margin: 23.49% > 18% (prev 0.19%; Δ 2330 % > 0.5%) |
| Asset Turnover: 135.0% > 50% (prev 129.4%; Δ 5.55% > 0%) |
| Interest Coverage Ratio: 5.26 > 6 (EBITDA TTM 145.0m / Interest Expense TTM 20.9m) |
Altman Z'' 4.26
| A: 0.30 (Total Current Assets 414.3m - Total Current Liabilities 190.8m) / Total Assets 750.3m |
| B: 0.39 (Retained Earnings 293.1m / Total Assets 750.3m) |
| C: 0.15 (EBIT TTM 109.9m / Avg Total Assets 740.9m) |
| D: 0.04 (Book Value of Equity 21.0m / Total Liabilities 577.5m) |
| Altman-Z'' Score: 4.26 = AA |
Beneish M -3.27
| DSRI: 0.98 (Receivables 234.6m/226.7m, Revenue 1.00b/946.8m) |
| GMI: 0.81 (GM 23.49% / 18.92%) |
| AQI: 0.96 (AQ_t 0.34 / AQ_t-1 0.36) |
| SGI: 1.06 (Revenue 1.00b / 946.8m) |
| TATA: -0.07 (NI 48.8m - CFO 98.7m) / TA 750.3m) |
| Beneish M-Score: -3.27 (Cap -4..+1) = AA |
What is the price of NA9 shares?
Over the past week, the price has changed by -14.36%, over one month by -17.27%, over three months by +37.42% and over the past year by -30.83%.
Is NA9 a buy, sell or hold?
What are the forecasts/targets for the NA9 price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 90.3 | 48.3% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 54.2 | -11% |
NA9 Fundamental Data Overview February 01, 2026
P/E Trailing = 18.8462
P/S = 0.9331
P/B = 4.7986
Revenue TTM = 1.00b EUR
EBIT TTM = 109.9m EUR
EBITDA TTM = 145.0m EUR
Long Term Debt = 290.5m EUR (from longTermDebt, last quarter)
Short Term Debt = 29.1m EUR (from shortTermDebt, last quarter)
Debt = 371.9m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 242.6m EUR (from netDebt column, last quarter)
Enterprise Value = 1.17b EUR (933.3m + Debt 371.9m - CCE 137.3m)
Interest Coverage Ratio = 5.26 (Ebit TTM 109.9m / Interest Expense TTM 20.9m)
EV/FCF = 13.10x (Enterprise Value 1.17b / FCF TTM 89.1m)
FCF Yield = 7.63% (FCF TTM 89.1m / Enterprise Value 1.17b)
FCF Margin = 8.91% (FCF TTM 89.1m / Revenue TTM 1.00b)
Net Margin = 4.88% (Net Income TTM 48.8m / Revenue TTM 1.00b)
Gross Margin = 23.49% ((Revenue TTM 1.00b - Cost of Revenue TTM 765.2m) / Revenue TTM)
Gross Margin QoQ = 24.07% (prev 33.09%)
Tobins Q-Ratio = 1.56 (Enterprise Value 1.17b / Total Assets 750.3m)
Interest Expense / Debt = 1.29% (Interest Expense 4.80m / Debt 371.9m)
Taxrate = 30.20% (9.26m / 30.7m)
NOPAT = 76.7m (EBIT 109.9m * (1 - 30.20%))
Current Ratio = 2.17 (Total Current Assets 414.3m / Total Current Liabilities 190.8m)
Debt / Equity = 2.15 (Debt 371.9m / totalStockholderEquity, last quarter 172.8m)
Debt / EBITDA = 1.67 (Net Debt 242.6m / EBITDA 145.0m)
Debt / FCF = 2.72 (Net Debt 242.6m / FCF TTM 89.1m)
Total Stockholder Equity = 188.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.59% (Net Income 48.8m / Total Assets 750.3m)
RoE = 25.95% (Net Income TTM 48.8m / Total Stockholder Equity 188.0m)
RoCE = 22.97% (EBIT 109.9m / Capital Employed (Equity 188.0m + L.T.Debt 290.5m))
RoIC = 15.45% (NOPAT 76.7m / Invested Capital 496.5m)
WACC = 5.48% (E(933.3m)/V(1.31b) * Re(7.31%) + D(371.9m)/V(1.31b) * Rd(1.29%) * (1-Tc(0.30)))
Discount Rate = 7.31% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -81.65 | Cagr: -2.59%
[DCF Debug] Terminal Value 87.14% ; FCFF base≈86.7m ; Y1≈94.4m ; Y5≈118.6m
Fair Price DCF = 276.8 (EV 3.50b - Net Debt 242.6m = Equity 3.26b / Shares 11.8m; r=5.90% [WACC]; 5y FCF grow 10.17% → 2.90% )
EPS Correlation: 29.50 | EPS CAGR: 51.11% | SUE: N/A | # QB: 0
Revenue Correlation: 81.28 | Revenue CAGR: 12.80% | SUE: N/A | # QB: 0
EPS next Year (2026-12-31): EPS=5.88 | Chg30d=+0.445 | Revisions Net=+2 | Growth EPS=+33.7% | Growth Revenue=+6.2%