Nicolas Correa SA (ES:NEA)
BME:NEA
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Nicolas Correa
(BME:NEA)
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Rating:64Neutral
Price Target:
€10.50
▲(15.13% Upside)
Action:DowngradedDate:03/13/26
The score is driven primarily by generally solid fundamentals and a conservative balance sheet, offset by the sharp 2025 revenue decline and weak cash generation (negative free cash flow). Technicals are neutral-to-slightly constructive, while valuation support is mainly from the dividend due to the unusable P/E input.
Positive Factors
Conservative balance sheet and low leverage
Low debt-to-equity (~0.15 in 2025) and a conservatively positioned balance sheet provide durable financial flexibility. This allows the company to fund working capital and selective capex, absorb cyclical revenue swings, and preserve strategic optionality without immediate refinancing pressure.
Negative Factors
Sharp revenue downcycle in 2025
A ~25% year-over-year revenue decline represents a meaningful demand shock for a capital-equipment supplier. Prolonged lower sales reduce capacity utilization and pricing leverage, pressure fixed-cost absorption, and can extend recovery timelines for industrial OEMs dependent on cyclical investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet and low leverage
Low debt-to-equity (~0.15 in 2025) and a conservatively positioned balance sheet provide durable financial flexibility. This allows the company to fund working capital and selective capex, absorb cyclical revenue swings, and preserve strategic optionality without immediate refinancing pressure.
Read all positive factors
Nicolas Correa (NEA) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€120.93M
Dividend Yield3.33%
Average Volume (3M)7.85K
Price to Earnings (P/E)9.0
Beta (1Y)0.12
Revenue Growth-1.68%
EPS Growth-1.15%
CountryES
Employees491
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.49
Shares Outstanding12,316,627
10 Day Avg. Volume5,002
30 Day Avg. Volume7,846
Financial Highlights & Ratios
PEG Ratio-0.73
Price to Book (P/B)1.17
Price to Sales (P/S)0.91
P/FCF Ratio-104.56
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)0.94
Revenue Forecast (FY)€120.00M
Nicolas Correa Business Overview & Revenue Model
Company Description
Nicolás Correa, S.A. designs, manufactures, and sells milling machines in Spain and internationally. It offers bed type, travelling column, bridge type moving table milling, gantry type, and gantry milling machines; and express delivery machines, ...
How the Company Makes Money
Nicolas Correa generates revenue primarily through the sale of its milling machines and related equipment, which are often sold as capital goods to industrial clients. The company also earns money through after-sales services, including maintenanc...
Nicolas Correa Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 119.09M | 121.48M | 109.86M | 98.15M | 76.55M |
| Gross Profit | 66.10M | 37.49M | 59.76M | 52.60M | 41.90M |
| EBITDA | 17.54M | 18.57M | 14.10M | 12.54M | 9.18M |
| Net Income | 12.04M | 13.70M | 10.54M | 9.04M | 5.57M |
Balance Sheet | |||||
| Total Assets | 158.55M | 135.63M | 137.63M | 122.22M | 115.09M |
| Cash, Cash Equivalents and Short-Term Investments | 26.37M | 23.99M | 18.86M | 21.61M | 24.54M |
| Total Debt | 13.57M | 4.89M | 7.90M | 10.77M | 12.14M |
| Total Liabilities | 65.16M | 49.98M | 62.84M | 55.02M | 55.11M |
| Stockholders Equity | 92.69M | 84.48M | 73.70M | 66.23M | 59.55M |
Cash Flow | |||||
| Free Cash Flow | -1.04M | 10.48M | 3.88M | 4.78M | 13.37M |
| Operating Cash Flow | 10.36M | 13.70M | 8.22M | 7.80M | 15.76M |
| Investing Cash Flow | -12.15M | -2.47M | -5.18M | -4.91M | -2.34M |
| Financing Cash Flow | 4.28M | -6.11M | -5.75M | -5.82M | -6.31M |
Nicolas Correa Technical Analysis
Positive
9.12
Price Trends
9.82
Positive
9.61
Positive
10.07
Negative
Market Momentum
>-0.01
Negative
55.26
Neutral
67.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:NEA, the sentiment is Positive. The current price of 9.12 is below the 20-day moving average (MA) of 9.79, below the 50-day MA of 9.82, and below the 200-day MA of 10.07, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.26 is Neutral, neither overbought nor oversold. The STOCH value of 67.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:NEA.
Nicolas Correa Peers Comparison
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Sector (55)
ES:NEA
Nicolas Correa
9.98
0.97
10.77%
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9.40
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42.84%
ES:END
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ES:NBI
NBI Bearings Europe SA
3.04
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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.