Obermatt

Nordex

GER:NDX1 · DE000A0D6554
Electrical EquipmentLarge

360

100
EV / EBIT97
Price / Owner Earnings47
Owner Earnings Yield76
Dividend Yield45
Price/Sales71
EV / Gross Profit97
Price/Book30
Return on Capital95
Cash Return on Capital84
Return on Equity86
EBIT Margin43
Gross Profitability84
Cash Conversion87
Accruals91
Owner Earnings Margin40
Sales growth76
Profit Growth80
Long-Term EPS Growth82
Owner Earnings Growth97
Reinvestment56
Price momentum95
Debt load61
Refinancing3
Debt Payback100
Liquidity59
Analyst ratings31
Opinion Changes50
Price Target Upside63
Market mood63
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Nordex generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryGermany
IndustryElectrical Equipment
SizeLarge
TypePublic Company
ExchangeXTRA
Founded1985
Employees6,167
ISINDE000A0D6554
Last UpdateApr 2, 2026
Themes
Onshore and Offshore WindManufacturingRenewable EnergyWind Energy

Description

Nordex SE operates as the holding company for the Nordex Group, playing a crucial role in the renewable energy sector by focusing on the design, manufacturing, and maintenance of wind turbines. The company provides comprehensive services that encompa…

Analysis

Hidden champion

Nordex SE is what we call a hidden champion: a strong business that the market is not pricing as one.

The price is expensive. You pay 37.7× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 15% yearly growth; analysts expect 28%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is sturdy. The company scores 20/20 on our value-creation score: strong value creator.

What to watch: Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
70
2023202420252026

All-time high

75

Jan 2025

All-time low

12

Jan 2024

Average rank

53

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
71
91
89
95
Price/Earnings
66
49
8
5
Price/Book
30
51
55
86
Dividend Yield
45
30
1
1
Value (overall)
63
45
39
61

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →