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Nexans
(NEX)
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Rating:71Outperform
Price Target:
€150.00
▲(7.91% Upside)
Action:Upgraded
Date:04/29/26
The score is driven primarily by improved profitability and consistently positive free cash flow, supported by strong technical uptrend signals. Offsetting factors are the 2025 revenue decline and margin step-down, plus uncertainty from unusual reported 2025 balance sheet metrics, while valuation appears reasonable with a modest dividend yield.
Positive Factors
Cash generation
Consistently positive and growing operating cash flow and FCF illustrate durable internal funding capacity. This supports capital expenditure, project bonding and working capital needs without heavy external financing, improving medium-term resilience and strategic optionality.
Negative Factors
Revenue volatility / 2025 decline
A pronounced revenue contraction combined with prior-year growth indicates cyclical or backlog volatility. Lower topline reduces capacity utilization and can erode fixed-cost coverage, making multi-quarter profitability and margin recovery uncertain without stable order intake.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistently positive and growing operating cash flow and FCF illustrate durable internal funding capacity. This supports capital expenditure, project bonding and working capital needs without heavy external financing, improving medium-term resilience and strategic optionality.
Read all positive factors
Nexans (NEX) vs. iShares MSCI France ETF (EWQ)
Market Cap
€5.85B
Dividend Yield2.08%
Average Volume (3M)149.59K
Price to Earnings (P/E)16.6
Beta (1Y)0.87
Revenue Growth-8.61%
EPS Growth-80.32%
CountryFR
Employees28,500
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)8.08
Shares Outstanding43,746,790
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
€168.63Price Target Upside21.31% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)7.43
Revenue Forecast (FY)€8.06B
Nexans Business Overview & Revenue Model
Company Description
Nexans S.A., established in 1994 and headquartered in Courbevoie, France, is a global leader in the manufacture and distribution of diverse cabling solutions. The company's operations are strategically organized into four key divisions. Its Buildi...
How the Company Makes Money
Nexans primarily makes money by selling cables and complete cabling systems across multiple end-markets, with revenue recognized from both project-based contracts and recurring product sales. A major revenue stream comes from power-grid and electr...
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 | 352.00M | 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 | 1.90B | 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 | 457.00M | 323.00M | 246.00M | 195.00M |
| Operating Cash Flow | 847.00M | 776.00M | 700.00M | 544.00M | 401.00M |
| Investing Cash Flow | -84.00M | -903.00M | -440.00M | -429.00M | -183.00M |
| Financing Cash Flow | -253.00M | 278.00M | -215.00M | 113.00M | -417.00M |
Nexans Technical Analysis
Negative
139.00
Price Trends
150.34
Negative
138.22
Negative
131.16
Positive
Market Momentum
-4.53
Positive
37.81
Neutral
43.41
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 139 is below the 20-day moving average (MA) of 141.32, below the 50-day MA of 150.34, and above the 200-day MA of 131.16, indicating a neutral trend. The MACD of -4.53 indicates Positive momentum. The RSI at 37.81 is Neutral, neither overbought nor oversold. The STOCH value of 43.41 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €36.03B | 28.04 | 17.16% | 1.73% | 9.46% | 8.75% | |
71 Outperform | €5.85B | 16.57 | 25.83% | 2.08% | -8.61% | -80.32% | |
71 Outperform | €149.28B | 35.67 | 15.76% | 1.65% | 5.24% | -2.65% | |
61 Neutral | €890.80M | 61.97 | 6.02% | 3.94% | -4.60% | -75.90% | |
56 Neutral | €8.06B | 182.65 | 8.70% | 2.14% | 4.81% | -35.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
43 Neutral | €184.47M | -5.80 | -22.05% | ― | 7.21% | 47.92% |
* General Sector Average
FR:NEX
Nexans
133.90
20.67
18.26%
FR:LAT
Latecoere
0.01
<0.01
7.69%
FR:LR
LEGRAND
137.70
14.94
12.17%
FR:MRN
MERSEN
36.56
15.08
70.23%
FR:SU
Schneider Electric
264.35
30.85
13.21%
FR:SPIE
SPIE SA
47.58
1.34
2.90%
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.