(NDX1) Nordex SE - Ratings and Ratios

Exchange: XETRA • Country: Germany • Currency: EUR • Type: Common Stock • ISIN: DE000A0D6554

Wind Turbines, Maintenance, Monitoring, Project Development

NDX1 EPS (Earnings per Share)

EPS (Earnings per Share) of NDX1 over the last years for every Quarter: "2020-09": -2.13, "2020-12": -0.185, "2021-03": -0.47, "2021-06": -0.08, "2021-09": -0.3, "2021-12": -0.89, "2022-03": -0.94, "2022-06": -0.78, "2022-09": -0.35, "2022-12": -0.59, "2023-03": -0.5954, "2023-06": -0.33, "2023-09": -0.13, "2023-12": 0.14, "2024-03": -0.0551, "2024-06": 0.01, "2024-09": 0.01, "2024-12": 0.08, "2025-03": 0.03, "2025-06": 0.13,

NDX1 Revenue

Revenue of NDX1 over the last years for every Quarter: 2020-09: 1119.507, 2020-12: 1483.361, 2021-03: 1251.16, 2021-06: 1445.403, 2021-09: 1259.645, 2021-12: 1487.741, 2022-03: 932.954, 2022-06: 1193.257, 2022-09: 1747.225, 2022-12: 1820.125, 2023-03: 1217.105, 2023-06: 1536.077, 2023-09: 1723.647, 2023-12: 2012.239, 2024-03: 1574.2, 2024-06: 1860.273, 2024-09: 1670.746, 2024-12: 2193.606, 2025-03: 1435.221, 2025-06: 1873.511,

Description: NDX1 Nordex SE July 28, 2025

Nordex SE is a leading manufacturer and distributor of onshore wind turbines, operating globally with a focus on project development, maintenance, and technical enhancement services. The companys business model encompasses the development of wind power projects, acquisition of land rights, and creation of necessary infrastructure, followed by the provision of maintenance and monitoring services for operational wind farms.

From a financial perspective, Nordex SE has a market capitalization of approximately 4.76 billion EUR, indicating a significant presence in the renewable energy sector. The companys price-to-earnings ratio stands at 154.92, suggesting a relatively high valuation compared to its current earnings. However, the forward P/E ratio of 80 indicates expected improvements in profitability. The return on equity (RoE) of 3.04% is relatively modest, implying potential for improvement in asset utilization and profitability.

To further analyze Nordex SEs performance, key performance indicators (KPIs) such as revenue growth, order backlog, and gross margin can be considered. The companys ability to secure new orders and execute projects efficiently will be crucial in driving revenue growth. Additionally, metrics like capacity utilization, turbine installation numbers, and average selling prices can provide insights into the companys operational performance. A review of Nordex SEs debt-to-equity ratio and interest coverage ratio can also offer a better understanding of its capital structure and financial health.

From an industry perspective, Nordex SE operates in the renewable energy sector, which has been driven by increasing demand for clean energy and government incentives. The companys competitiveness will depend on its ability to innovate and improve the efficiency of its wind turbines, as well as its capacity to navigate regulatory environments and secure profitable project opportunities. Key competitors in the onshore wind turbine market include companies like Siemens Gamesa, Vestas, and GE Renewable Energy.

NDX1 Stock Overview

Market Cap in USD 6,267m
Sub-Industry Industrial Machinery & Supplies & Components
IPO / Inception

NDX1 Stock Ratings

Growth Rating 75.1%
Fundamental 69.3%
Dividend Rating -
Return 12m vs S&P 500 61.8%
Analyst Rating -

NDX1 Dividends

Currently no dividends paid

NDX1 Growth Ratios

Growth Correlation 3m 37.9%
Growth Correlation 12m 93.4%
Growth Correlation 5y -5.8%
CAGR 5y 32.64%
CAGR/Max DD 3y (Calmar Ratio) 0.78
CAGR/Mean DD 3y (Pain Ratio) 1.95
Sharpe Ratio 12m 1.30
Alpha 70.52
Beta 1.613
Volatility 40.58%
Current Volume 3622.7k
Average Volume 20d 538.5k
Stop Loss 26.2 (-3.5%)
Signal 1.53

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income (60.3m TTM) > 0 and > 6% of Revenue (6% = 430.4m TTM)
FCFTA 0.10 (>2.0%) and ΔFCFTA 6.86pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 0.70% (prev -0.64%; Δ 1.33pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.12 (>3.0%) and CFO 706.3m > Net Income 60.3m (YES >=105%, WARN >=100%)
Net Debt (-764.8m) to EBITDA (385.5m) ratio: -1.98 <= 3.0 (WARN <= 3.5)
Current Ratio 1.01 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (236.5m) change vs 12m ago -0.00% (target <= -2.0% for YES)
Gross Margin 24.01% (prev 9.85%; Δ 14.16pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 129.1% (prev 131.6%; Δ -2.55pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 1.83 (EBITDA TTM 385.5m / Interest Expense TTM 112.7m) >= 6 (WARN >= 3)

Altman Z'' 0.20

(A) 0.01 = (Total Current Assets 3.62b - Total Current Liabilities 3.57b) / Total Assets 5.67b
(B) -0.03 = Retained Earnings (Balance) -158.1m / Total Assets 5.67b
(C) 0.04 = EBIT TTM 206.4m / Avg Total Assets 5.56b
(D) -0.02 = Book Value of Equity -89.2m / Total Liabilities 4.65b
Total Rating: 0.20 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 69.26

1. Piotroski 4.50pt = -0.50
2. FCF Yield 11.90% = 5.0
3. FCF Margin 7.65% = 1.91
4. Debt/Equity 0.47 = 2.39
5. Debt/Ebitda -1.98 = 2.50
6. ROIC - WACC (= 1.09)% = 1.36
7. RoE 6.08% = 0.51
8. Rev. Trend 25.24% = 1.89
9. EPS Trend 83.86% = 4.19

What is the price of NDX1 shares?

As of October 30, 2025, the stock is trading at EUR 27.16 with a total of 3,622,705 shares traded.
Over the past week, the price has changed by +19.02%, over one month by +25.51%, over three months by +34.72% and over the past year by +93.72%.

Is Nordex SE a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Nordex SE (XETRA:NDX1) is currently (October 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 69.26 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of NDX1 is around 27.56 EUR . This means that NDX1 is currently overvalued and has a potential downside of 1.47%.

Is NDX1 a buy, sell or hold?

Nordex SE has no consensus analysts rating.

What are the forecasts/targets for the NDX1 price?

Issuer Target Up/Down from current
Wallstreet Target Price 23.6 -13%
Analysts Target Price - -
ValueRay Target Price 31.5 16%

NDX1 Fundamental Data Overview January 01, 1970

Market Cap USD = 6.27b (5.38b EUR * 1.1646 EUR.USD)
Market Cap EUR = 5.38b (5.38b EUR * 1.0 EUR.EUR)
P/E Trailing = 91.04
P/E Forward = 80.0
P/S = 0.7503
P/B = 5.2648
Beta = 1.613
Revenue TTM = 7.17b EUR
EBIT TTM = 206.4m EUR
EBITDA TTM = 385.5m EUR
Long Term Debt = 265.7m EUR (from longTermDebt, last quarter)
Short Term Debt = 74.6m EUR (from shortTermDebt, last quarter)
Debt = 472.8m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -764.8m EUR (from netDebt column, last quarter)
Enterprise Value = 4.61b EUR (5.38b + Debt 472.8m - CCE 1.24b)
Interest Coverage Ratio = 1.83 (Ebit TTM 206.4m / Interest Expense TTM 112.7m)
FCF Yield = 11.90% (FCF TTM 548.8m / Enterprise Value 4.61b)
FCF Margin = 7.65% (FCF TTM 548.8m / Revenue TTM 7.17b)
Net Margin = 0.84% (Net Income TTM 60.3m / Revenue TTM 7.17b)
Gross Margin = 24.01% ((Revenue TTM 7.17b - Cost of Revenue TTM 5.45b) / Revenue TTM)
Gross Margin QoQ = 24.82% (prev 27.25%)
Tobins Q-Ratio = 0.81 (Enterprise Value 4.61b / Total Assets 5.67b)
Interest Expense / Debt = 5.41% (Interest Expense 25.6m / Debt 472.8m)
Taxrate = 30.00% (13.3m / 44.2m)
NOPAT = 144.5m (EBIT 206.4m * (1 - 30.00%))
Current Ratio = 1.01 (Total Current Assets 3.62b / Total Current Liabilities 3.57b)
Debt / Equity = 0.47 (Debt 472.8m / totalStockholderEquity, last quarter 1.01b)
Debt / EBITDA = -1.98 (Net Debt -764.8m / EBITDA 385.5m)
Debt / FCF = -1.39 (Net Debt -764.8m / FCF TTM 548.8m)
Total Stockholder Equity = 992.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.06% (Net Income 60.3m / Total Assets 5.67b)
RoE = 6.08% (Net Income TTM 60.3m / Total Stockholder Equity 992.2m)
RoCE = 16.41% (EBIT 206.4m / Capital Employed (Equity 992.2m + L.T.Debt 265.7m))
RoIC = 12.39% (NOPAT 144.5m / Invested Capital 1.17b)
WACC = 11.30% (E(5.38b)/V(5.85b) * Re(11.96%) + D(472.8m)/V(5.85b) * Rd(5.41%) * (1-Tc(0.30)))
Discount Rate = 11.96% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
[DCF Debug] Terminal Value 66.95% ; FCFE base≈390.9m ; Y1≈425.0m ; Y5≈533.2m
Fair Price DCF = 22.01 (DCF Value 5.20b / Shares Outstanding 236.5m; 5y FCF grow 9.93% → 3.0% )
EPS Correlation: 83.86 | EPS CAGR: 46.49% | SUE: 0.23 | # QB: 0
Revenue Correlation: 25.24 | Revenue CAGR: 2.57% | SUE: 0.31 | # QB: 0

Additional Sources for NDX1 Stock

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