NorCom Information Technology AG (DE:NC5A)
XETRA:NC5A
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NorCom Information Technology
(XETRA:NC5A)
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Rating:48Neutral
Price Target:
€1.50
▼(-3.85% Downside)
Action:Reiterated
Date:05/13/26
The score is held down primarily by weak financial performance (shrinking revenue, sharply widening losses, and negative gross profit in 2025) and a shrinking equity base, despite moderate leverage. Technicals are modestly supportive in the near term (above key short/mid moving averages with positive MACD), but the longer-term trend remains weaker (below the 200-day). Valuation is difficult to support given negative earnings and no dividend yield data.
Positive Factors
Manageable leverage
Leverage appears moderate (debt-to-equity ~0.33–0.44) and total debt has declined versus 2020–2022. Structurally lower indebtedness reduces interest and default risk, preserves access to capital, and gives management time and flexibility to execute operational fixes without immediate refinancing pressure.
Negative Factors
Persistent revenue decline
Revenue has contracted for multiple years (~15% decline in 2024 and ~13% in 2025; RevenueGrowth -24.77%), indicating weakening demand or market share. Persistent top-line decline undermines scale economics, reduces pricing power, and complicates efforts to restore sustainable profitability over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Leverage appears moderate (debt-to-equity ~0.33–0.44) and total debt has declined versus 2020–2022. Structurally lower indebtedness reduces interest and default risk, preserves access to capital, and gives management time and flexibility to execute operational fixes without immediate refinancing pressure.
Read all positive factors
NorCom Information Technology (NC5A) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€3.38M
Dividend YieldN/A
Average Volume (3M)11.64K
Price to Earnings (P/E)―
Beta (1Y)0.38
Revenue Growth-24.77%
EPS Growth-554.70%
CountryDE
Employees39
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-0.94
Shares Outstanding2,129,723
10 Day Avg. Volume1,505
30 Day Avg. Volume11,643
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)2.15
Price to Sales (P/S)0.58
P/FCF Ratio19.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NorCom Information Technology Business Overview & Revenue Model
Company Description
NorCom Information Technology GmbH & Co. KGaA specializes in developing and deploying extensive data solutions for both German and international markets. A core product is DaSense, their AI-powered platform that seamlessly integrates data manageme...
How the Company Makes Money
null...
NorCom Information Technology Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
42
Neutral
Cash Flow
36
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.40M | 7.78M | 9.20M | 9.13M | 9.55M |
| Gross Profit | -344.45K | 3.99M | 4.20M | 4.17M | 587.54K |
| EBITDA | -1.03M | 341.61K | 113.96K | -542.00K | 97.02K |
| Net Income | -1.93M | -296.00K | -463.00K | -1.36M | -827.00K |
Balance Sheet | |||||
| Total Assets | 5.23M | 5.89M | 6.69M | 7.35M | 9.40M |
| Cash, Cash Equivalents and Short-Term Investments | 160.58K | 1.15M | 1.26M | 1.33M | 3.32M |
| Total Debt | 1.09M | 1.14M | 1.37M | 1.63M | 2.92M |
| Total Liabilities | 3.77M | 2.50M | 3.00M | 3.68M | 4.36M |
| Stockholders Equity | 1.45M | 3.40M | 3.69M | 3.67M | 5.03M |
Cash Flow | |||||
| Free Cash Flow | 164.10K | -619.81K | -285.93K | -771.51K | -216.19K |
| Operating Cash Flow | 173.40K | -97.74K | 179.83K | -324.64K | 266.82K |
| Investing Cash Flow | -488.22K | -522.08K | -465.76K | -446.87K | -483.00K |
| Financing Cash Flow | -244.45K | -237.60K | 223.14K | -1.22M | -934.02K |
NorCom Information Technology Technical Analysis
Positive
1.56
Price Trends
1.58
Positive
1.51
Positive
1.85
Negative
Market Momentum
<0.01
Positive
54.28
Neutral
24.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:NC5A, the sentiment is Positive. The current price of 1.56 is below the 20-day moving average (MA) of 1.67, below the 50-day MA of 1.58, and below the 200-day MA of 1.85, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.28 is Neutral, neither overbought nor oversold. The STOCH value of 24.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:NC5A.
NorCom Information Technology Peers Comparison
UnderperformOutperform
Sector (63)
DE:NC5A
NorCom Information Technology
1.69
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-45.90%
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DE:S9I
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12.45%
DE:TSS
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8.63%
DE:SLSA
Solutiance AG
1.29
-0.57
-30.65%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.