Added to YB: 2024-06-03
Pitch date: 2024-05-07
NEDAP.AS [bullish]
Nedap N.V.
+52.47%
current return
Author Info
Compound & Fire shares at least one company deep dive every month. Sign up for the newsletter.
Company Info
Nedap N.V., together with its subsidiaries, develops and manufactures electronic equipment and software in the Netherlands, Germany, rest of Europe, North America, and internationally.
Market Cap
EUR 611.4M
Pitch Price
EUR 59.29
Price Target
118.18 (+31%)
Dividend
3.45%
EV/EBITDA
16.25
P/E
28.77
EV/Sales
2.39
Sector
Electronic Equipment, Instruments and Components
Category
growth
Nedap: Technology For Life. Extremely undervalued. Buy Now Hurray Later.
NEDAP.AS: Dutch tech co transforming under CEO Wegman since '09. Focusing on own SW (ONS healthcare platform, RFID retail, security access, livestock mgmt) vs custom dev. Recurring rev 32% in '23 vs 23% in '19. 8-9% organic growth target, 15% op margin by '26 (10.7% now). Doubling employee productivity. ROIC focus. Net cash, no goodwill. Upside: Growing 8%+, expanding margins, capital-light biz. 90% undervalued on DCF despite mkt leadership. Risks: AI, failed new products, Taiwan semis, security breach. Skin in game mgmt.
Read full article (12 min)