NORMA Group SE (DE:NOEJ)
XETRA:NOEJ
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NORMA Group SE
(XETRA:NOEJ)
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Rating:63Neutral
Price Target:
€18.00
▲(8.96% Upside)
Action:Reiterated
Date:05/09/26
The score is driven by a strong balance sheet (low leverage) and very low valuation, offset by deteriorating operating performance (revenue decline, negative EBIT) and cash-flow weakening that questions the durability of the recent net income spike. Technically, the trend is positive but overbought signals suggest elevated near-term volatility.
Positive Factors
Balance Sheet Strength
NORMA Group's materially lower leverage (debt-to-equity ~0.10) and large equity base provide durable financial flexibility. This stronger balance sheet improves resilience to cyclical downturns, supports investment or selective M&A, and reduces refinancing risk over the next several quarters.
Negative Factors
Declining Revenue and Weak Operating Profitability
Revenue contraction and repeated negative EBIT indicate the core business is under margin pressure. Very thin EBITDA margin (~1.2%) limits the firm's ability to absorb input cost shocks or to reinvest organically, making sustainable operating profitability uncertain over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
NORMA Group's materially lower leverage (debt-to-equity ~0.10) and large equity base provide durable financial flexibility. This stronger balance sheet improves resilience to cyclical downturns, supports investment or selective M&A, and reduces refinancing risk over the next several quarters.
Read all positive factors
NORMA Group SE (NOEJ) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€559.50M
Dividend Yield2.77%
Average Volume (3M)133.99K
Price to Earnings (P/E)0.4
Beta (1Y)1.18
Revenue Growth-21.61%
EPS Growth9966.90%
CountryDE
Employees6,003
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)7.30
Shares Outstanding31,862,400
10 Day Avg. Volume96,460
30 Day Avg. Volume133,987
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.82
Price to Sales (P/S)0.57
P/FCF Ratio9.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€16.50Price Target Upside-0.12% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.35
Revenue Forecast (FY)€831.68M
NORMA Group SE Business Overview & Revenue Model
Company Description
NORMA Group SE, together with its subsidiaries, manufactures and sells engineered joining technology solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company provides quick connectors, hose clamps, retaining cl...
How the Company Makes Money
NORMA Group makes money primarily by manufacturing and selling engineered connection and fluid-handling products and systems. Its revenue model is based on (1) OEM and industrial supply sales: supplying clamps, connectors, and coupling solutions t...
NORMA Group SE Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
72
Positive
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 821.66M | 1.16B | 1.22B | 1.24B | 1.09B |
| Gross Profit | 449.90M | 667.85M | 661.94M | 664.45M | 612.44M |
| EBITDA | 21.16M | 155.69M | 155.45M | 155.59M | 164.88M |
| Net Income | -81.75M | 14.70M | 27.83M | 39.07M | 55.93M |
Balance Sheet | |||||
| Total Assets | 1.25B | 1.44B | 1.49B | 1.56B | 1.50B |
| Cash, Cash Equivalents and Short-Term Investments | 87.28M | 133.23M | 165.21M | 171.49M | 188.22M |
| Total Debt | 389.84M | 455.28M | 529.25M | 516.74M | 501.79M |
| Total Liabilities | 686.60M | 715.26M | 799.84M | 855.32M | 829.64M |
| Stockholders Equity | 563.82M | 720.99M | 693.10M | 705.07M | 668.25M |
Cash Flow | |||||
| Free Cash Flow | 47.39M | 82.07M | 58.20M | 22.11M | 61.74M |
| Operating Cash Flow | 89.75M | 136.99M | 118.91M | 76.61M | 108.39M |
| Investing Cash Flow | -41.17M | -63.45M | -59.76M | -44.48M | -45.16M |
| Financing Cash Flow | -73.63M | -114.12M | -57.94M | -54.52M | -71.09M |
NORMA Group SE Technical Analysis
Positive
16.52
Price Trends
15.62
Positive
15.44
Positive
15.17
Positive
Market Momentum
0.60
Negative
61.84
Neutral
54.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:NOEJ, the sentiment is Positive. The current price of 16.52 is above the 20-day moving average (MA) of 16.30, above the 50-day MA of 15.62, and above the 200-day MA of 15.17, indicating a bullish trend. The MACD of 0.60 indicates Negative momentum. The RSI at 61.84 is Neutral, neither overbought nor oversold. The STOCH value of 54.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:NOEJ.
NORMA Group SE Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | €1.52B | 5.08 | 0.33% | 2.76% | 2.34% | 19.31% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | €559.50M | 0.43 | 34.87% | 2.77% | -21.61% | 9966.90% | |
58 Neutral | €922.76M | 11.90 | -3.07% | 2.81% | 37.83% | -126.40% | |
55 Neutral | €439.17M | 10.68 | 2.45% | 5.57% | -9.08% | -76.98% |
* Industrials Sector Average
DE:NOEJ
NORMA Group SE
17.84
5.50
44.57%
DE:KSB
KSB AG
884.00
63.50
7.74%
DE:SLT
Schaltbau Holding
63.50
0.50
0.79%
DE:SIM0
Simona AG
53.50
-9.80
-15.48%
DE:STM
Stabilus
17.62
-7.54
-29.96%
DE:JST
JOST Werke AG
56.30
6.99
14.18%
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.