Nexans (FR:NEX)
:NEX
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Nexans
(NEX)
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Rating:60Neutral
Price Target:
€128.00
▲(10.15% Upside)
Action:DowngradedDate:02/28/26
The score is driven primarily by generally healthy financial performance (improved profitability and strong operating/free cash flow), partially offset by 2025’s sharp revenue decline and uncertainty from unusual 2025 balance sheet metrics. Technical indicators are notably weak and pull the score down, while valuation is supportive but not enough to overcome the current negative momentum.
Positive Factors
Strong cash generation
Nexans generates robust operating cash flow (847M in 2025) with positive free cash flow each year (464M in 2025). This durable cash generation supports capex, project execution, dividends and debt reduction, increasing financial flexibility over the medium term.
Negative Factors
Sharp revenue decline and growth volatility
Revenue dropped 13.4% in 2025 following prior-year growth, highlighting demand cyclicality and volatility. For a project-driven cable business, uneven top-line trends reduce visibility into backlog conversion, strain margin planning and can pressurize long-term investment and hiring decisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Nexans generates robust operating cash flow (847M in 2025) with positive free cash flow each year (464M in 2025). This durable cash generation supports capex, project execution, dividends and debt reduction, increasing financial flexibility over the medium term.
Read all positive factors
Nexans (NEX) vs. iShares MSCI France ETF (EWQ)
Market Cap
€4.98B
Dividend Yield2.08%
Average Volume (3M)149.59K
Price to Earnings (P/E)15.6
Beta (1Y)0.90
Revenue Growth12.65%
EPS Growth81.77%
CountryFR
Employees28,500
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)3.42
Shares Outstanding43,744,778
10 Day Avg. Volume221,446
30 Day Avg. Volume149,595
Financial Highlights & Ratios
PEG Ratio0.59
Price to Book (P/B)2.79
Price to Sales (P/S)0.71
P/FCF Ratio11.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€150.20Price Target Upside29.26% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)7.49
Revenue Forecast (FY)€7.52B
Nexans Business Overview & Revenue Model
Company Description
Nexans S.A. manufactures and sells cables in France and internationally. It operates through four segments: Building & Territories, High Voltage & Projects, Telecom & Data, and Industry & Solutions. The Building & Territories segment provides cabl...
How the Company Makes Money
Nexans generates revenue primarily through the sale of its cable products and solutions across multiple sectors. Key revenue streams include the sale of energy cables for utilities and renewable energy projects, telecommunications cables for netwo...
Nexans Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
62
Positive
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.81B | 8.55B | 7.79B | 8.37B | 7.37B |
| Gross Profit | 907.00M | 1.17B | 995.00M | 996.00M | 781.00M |
| EBITDA | 616.00M | 667.00M | 528.00M | 554.00M | 421.00M |
| Net Income | 357.00M | 279.00M | 221.00M | 245.00M | 164.00M |
Balance Sheet | |||||
| Total Assets | 8.04B | 7.67B | 6.54B | 6.40B | 5.59B |
| Cash, Cash Equivalents and Short-Term Investments | 1.63B | 1.25B | 1.13B | 1.13B | 972.00M |
| Total Debt | 0.00 | 1.93B | 1.34B | 1.32B | 1.05B |
| Total Liabilities | 6.02B | 5.84B | 4.83B | 4.74B | 4.12B |
| Stockholders Equity | 2.00B | 1.81B | 1.70B | 1.65B | 1.45B |
Cash Flow | |||||
| Free Cash Flow | 464.00M | 775.00M | 323.00M | 246.00M | 195.00M |
| Operating Cash Flow | 847.00M | 775.00M | 700.00M | 544.00M | 401.00M |
| Investing Cash Flow | -84.00M | -903.00M | -440.00M | -429.00M | -183.00M |
| Financing Cash Flow | -332.00M | 278.00M | -215.00M | 113.00M | -417.00M |
Nexans Technical Analysis
Negative
116.20
Price Trends
126.29
Negative
125.41
Negative
124.08
Negative
Market Momentum
-2.91
Negative
42.84
Neutral
60.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:NEX, the sentiment is Negative. The current price of 116.2 is below the 20-day moving average (MA) of 118.88, below the 50-day MA of 126.29, and below the 200-day MA of 124.08, indicating a bearish trend. The MACD of -2.91 indicates Negative momentum. The RSI at 42.84 is Neutral, neither overbought nor oversold. The STOCH value of 60.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:NEX.
Nexans Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | €1.53B | 8.39 | ― | 6.15% | -12.83% | 10.40% | |
67 Neutral | €33.71B | 26.81 | 17.16% | 1.73% | 12.62% | 17.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | €23.30B | 9.74 | 15.69% | 4.77% | -0.31% | 1.28% | |
60 Neutral | €4.98B | 15.57 | 25.83% | 2.08% | 12.65% | 81.77% | |
53 Neutral | €608.43M | 26.50 | 12.51% | 1.69% | 14.77% | 33.13% | |
41 Neutral | €847.92M | -7.99 | -3.36% | ― | 1.76% | -234.79% |
* Industrials Sector Average
FR:NEX
Nexans
114.00
23.04
25.33%
FR:LR
LEGRAND
128.85
32.00
33.04%
FR:SCHP
Seche Environnement
78.00
3.27
4.37%
FR:VIE
Veolia Environnement
31.88
1.14
3.72%
FR:VLTSA
Voltalia
6.47
-0.30
-4.51%
FR:ELEC
Electricite de Strasbourg SA
213.00
86.65
68.58%
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.