Noratis AG (NUVA) AI Stock Analysis

• Market Cap: €4.29M
• Dividend Yield: N/A
• Average Volume (3M): 3.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.43
• Revenue Growth: 44.49%
• EPS Growth: 53.72%
• Country: DE
• Employees: 55
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): N/A
• Shares Outstanding: 13,570,926
• 10 Day Avg. Volume: 2,498
• 30 Day Avg. Volume: 3,685
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.19
• Price to Sales (P/S): 0.17
• P/FCF Ratio: 0.33
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: €0.36 ▲(39.23% Upside)

The score is driven primarily by weak financial performance (losses, negative operating profitability, and high leverage), partially offset by improving operating/free cash flow. Technicals remain broadly bearish due to price below key longer-term moving averages and a negative MACD, while valuation is constrained by a negative P/E and no dividend data.

Positive Factors

Improving cash generation

Sustained positive operating and free cash flow materially strengthens the company's ability to fund refurbishments, service debt and reinvest without relying on external financing. Over 2-6 months this improves liquidity resilience and supports execution of the value-add property strategy.

Value‑add residential business model

A focused value‑add model targeting residential refurbishments in attractive locations generates recurring rental income and potential capital gains. This structural approach aligns with steady urban housing demand and supports durable margin improvement when renovations unlock higher rents and occupancy.

Balanced asset financing

Maintaining a reasonable equity ratio provides a capital buffer that can help absorb property valuation swings and support additional acquisitions. Over the medium term this improves access to credit and lowers refinancing stress relative to an all-debt funded model.

Negative Factors

High leverage

Elevated leverage increases interest and refinancing burdens, heightening sensitivity to rate moves and cash flow volatility. For a capital-intensive property developer, this constrains strategic flexibility, raises default risk under stress, and can limit ability to pursue acquisitions or upgrades.

Weak profitability

A substantial net loss and negative EBIT margin indicate persistent operational inefficiencies or pricing pressure. Over months this undermines retained earnings, weakens reinvestment capacity, and may force reliance on external capital, reducing returns to shareholders and limiting growth execution.

Declining revenue and equity

A trend of falling revenue coupled with eroding equity reduces the firm's ability to scale and absorb shocks. Declines impair margin recovery, limit reinvestment into refurbishments, and may increase cost of capital, making long‑term value creation from property upgrades harder to sustain.

Noratis AG Business Overview & Revenue Model

Company Description

Noratis AG (NUVA) is a real estate company based in Germany that focuses on the acquisition, development, and management of residential properties. The company primarily operates in the real estate sector, specializing in the revitalization of residential portfolios in attractive locations. Noratis aims to enhance the value of its properties through strategic investments and efficient property management, catering to the growing demand for affordable housing in urban areas.

How the Company Makes Money

Noratis AG generates revenue primarily through the rental income from its residential properties. The company acquires real estate assets, often in need of refurbishment, and subsequently invests in renovations to increase their market value and appeal. This strategy not only enhances rental yields but also contributes to long-term capital appreciation. Additionally, Noratis may realize profits through the sale of properties once their value has been significantly increased. Key revenue streams include ongoing rental income, property sales, and potential partnerships with local governments or real estate developers for joint ventures or community revitalization projects.

Noratis AG Financial Statement Overview

Summary

Noratis AG faces challenges with profitability and high leverage, which are key concerns for financial stability. Improvements in cash flow management are positive, but the company needs to enhance revenue growth and profitability to strengthen its financial position.

Income Statement

The income statement reveals challenges in profitability with a significant negative net profit margin due to a substantial net loss. Revenue has declined over the years, with a notable drop from 2022 to 2023. The EBIT margin also turned negative, indicating operational inefficiencies. While there are historical periods of profitability, recent trends highlight a need for improvement in cost management and revenue growth.

Balance Sheet

The balance sheet shows a high level of leverage with a debt-to-equity ratio that suggests significant financial risk. Stockholders' equity has been declining, indicating potential concerns about financial stability. However, the company maintains a reasonable equity ratio, suggesting some balance in asset financing. Efforts to manage debt and improve equity could enhance financial health.

Cash Flow

The cash flow statement exhibits an improvement in operating cash flow, turning positive in recent years, which is a positive sign for liquidity. The free cash flow has also turned positive, indicating better cash management. However, the reliance on financing activities in earlier years may present risks if not managed carefully. Continued focus on generating operating cash flow is essential for sustaining financial health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	68.88M	67.26M	60.75M	85.96M	73.95M	28.70M
Gross Profit	5.09M	14.02M	19.68M	23.96M	23.49M	14.65M
EBITDA	-6.25M	5.80M	4.63M	13.67M	16.52M	8.05M
Net Income	-20.73M	-28.05M	-10.94M	8.23M	9.47M	2.78M
Balance Sheet
Total Assets	401.77M	415.72M	471.98M	495.41M	447.18M	367.56M
Cash, Cash Equivalents and Short-Term Investments	9.70M	7.94M	14.88M	12.34M	8.77M	31.03M
Total Debt	39.91M	351.51M	381.63M	399.02M	345.73M	287.49M
Total Liabilities	347.30M	355.92M	386.30M	408.55M	365.89M	293.30M
Stockholders Equity	54.48M	59.81M	85.31M	86.41M	80.87M	73.78M
Cash Flow
Free Cash Flow	26.64M	34.68M	22.89M	-40.82M	-75.91M	-98.04M
Operating Cash Flow	26.64M	34.68M	22.91M	-40.64M	-75.80M	-97.97M
Investing Cash Flow	4.00K	4.04M	4.57M	52.00K	-110.00K	-81.00K
Financing Cash Flow	-27.82M	-44.48M	-25.20M	43.26M	53.60M	122.11M

Noratis AG Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.26
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:NUVA, the sentiment is Neutral. The current price of 0.26 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.38, and below the 200-day MA of 0.80, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 51.96 is Neutral, neither overbought nor oversold. The STOCH value of 68.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:NUVA.

Noratis AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FC9	73 Outperform	€118.45M	5.36	16.26%	4.02%	-10.75%	199.01%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
NUVA	50 Neutral	€4.29M	-0.16	-34.59%	―	44.49%	53.72%