Nedap N.V (NEDAP) AI Stock Analysis

• Market Cap: €552.00M
• Dividend Yield: 3.54%
• Average Volume (3M): 9.89K
• Price to Earnings (P/E): 22.9
• Beta (1Y): 0.85
• Revenue Growth: 4.11%
• EPS Growth: 22.38%
• Country: NL
• Employees: 938
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 2.07
• Shares Outstanding: 6,692,920
• 10 Day Avg. Volume: 8,877
• 30 Day Avg. Volume: 9,891
• PEG Ratio: 0.76
• Price to Book (P/B): 6.63
• Price to Sales (P/S): 2.12
• P/FCF Ratio: 16.25
• 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: €91.00
• Price Target Upside: 6.93% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): 4.96
• Revenue Forecast (FY): €302.25M

• Rating: 73 Outperform
• Price Target: €97.00 ▲(13.98% Upside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is driven primarily by strong financial performance—improving profitability, very conservative and improving leverage, and a sharp 2025 rebound in free cash flow. Offsetting this is a weaker technical setup (negative MACD and trading below key moving averages) and only moderate valuation support (good yield but a higher P/E).

Positive Factors

Revenue & Profit Recovery

A clear 2025 rebound in revenue and substantial EBIT and net income increases indicate recovering end-market demand and stronger operational execution. That durable improvement supports reinvestment, sustained cash flow generation and reduces near‑term downside risk to earnings power over the next several quarters.

Conservative, Improving Leverage

Material debt reduction and stable-to-growing equity provide a strong capital structure that enhances financial flexibility. Low leverage supports the ability to fund R&D, pursue partnerships, and withstand downturns without dilutive financing, strengthening long‑term strategic optionality and credit resilience.

Stronger Free Cash Flow

Marked improvement in operating and free cash flow provides durable internal funding for dividends, product development and working capital. Higher FCF reduces dependence on external financing and underpins sustainable shareholder returns and investment capacity over the medium term.

Negative Factors

Margin Variability

Evidence of margin compression versus earlier years signals structural pressures on pricing or cost control. If margins fail to re‑expand, revenue gains will translate less efficiently into profits, limiting long‑term EPS leverage and the firm’s ability to sustainably boost returns to shareholders.

Historic Cash Conversion Volatility

Prior multi-year volatility in free cash flow highlights execution and working-capital risk. The strong 2025 improvement may not be persistent; inconsistent cash conversion raises uncertainty around funding for capex, R&D, and dividends absent continued operational stability.

Earnings vs Cash Flow Timing

Operating cash flow trailing net income in prior years suggests earnings quality or working capital timing issues. Persistent gaps can strain liquidity under stress, reduce true distributable cash, and elevate the risk that reported profits do not convert reliably to cash for reinvestment or returns.

Nedap N.V Business Overview & Revenue Model

Company Description

Nedap N.V., together with its subsidiaries, develops and supplies smart technological solutions worldwide. The company develops software services that allow healthcare professionals to interconnect; hardware and software solutions for vehicle identification systems; and technological solutions for the dairy farming and pig farming industries. It also provides lighting solutions and UV lamp driver technologies; develops and markets RFID solutions for retailers. In addition, the company develops access control and security systems for public-sector institutions. Further, it focuses on workforce management software that facilitates timesheet processing, employee scheduling, and access control. Nedap N.V. was founded in 1929 and is headquartered in Groenlo, the Netherlands.

How the Company Makes Money

Nedap generates revenue primarily through the sale of its technological solutions and products across its various sectors. Key revenue streams include direct sales of hardware and software solutions, subscription services for cloud-based applications, and maintenance contracts for ongoing support and updates. Additionally, the company may benefit from partnerships with other technology firms and industry stakeholders that enhance its product offerings and market reach. Significant contributions to earnings also come from the recurring revenue generated through software subscriptions and service agreements, which provide a steady income stream.

Nedap N.V Financial Statement Overview

Summary

Overall fundamentals are strong: revenue recovered in 2025 (+6.6% after a 2024 dip), profitability improved (EBIT 23.9M to 31.9M; net income 18.5M to 24.6M), leverage is low and declining (debt down sharply to 7.4M), and 2025 cash generation strengthened materially (FCF 36.6M vs. 13.8M). Offsetting factors include some margin variability/compression versus earlier years and historically volatile cash conversion prior to 2025.

Income Statement

Revenue has grown over the cycle (2020–2025), rebounding after a 2024 dip (2024: -4.1% vs. 2025: +6.6%). Profitability is consistently positive with solid operating earnings (EBIT rising from 23.9M in 2024 to 31.9M in 2025) and net income improving (18.5M to 24.6M). Margins (where available) are healthy but not steadily expanding, with some compression versus earlier years (e.g., net margin 2021: 8.8% vs. 2024: 7.4%).

Balance Sheet

Leverage is conservative and improving, with total debt dropping sharply in 2025 (7.4M vs. ~16.0M in 2024–2021). Equity is stable-to-growing (83.7M in 2024 to 89.5M in 2025) while total assets remain steady (~137M), supporting a strong capital position. Returns on equity were strong in 2022–2024 (roughly 22%–25%), though 2025 return data is not provided.

Cash Flow

Cash generation strengthened meaningfully in 2025, with operating cash flow up to 44.5M (from 28.9M in 2024) and free cash flow expanding to 36.6M (from 13.8M), supported by strong free-cash-flow growth (+17.1%). Earlier years show more variability, including a weak 2022 free cash flow level and several periods of negative free-cash-flow growth (2020–2022), indicating some volatility in cash conversion. Coverage-style metrics are only provided through 2024 and suggest decent—but not consistently strong—cash support for earnings (2022–2024 operating cash flow below net income).

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	279.81M	251.61M	262.43M	229.48M	207.01M
Gross Profit	65.78M	65.10M	58.99M	53.03M	47.26M
EBITDA	42.95M	34.72M	37.29M	32.59M	31.83M
Net Income	24.59M	18.53M	21.64M	18.70M	18.28M
Balance Sheet
Total Assets	137.13M	137.38M	139.87M	134.68M	132.85M
Cash, Cash Equivalents and Short-Term Investments	3.38M	4.36M	10.16M	17.48M	29.61M
Total Debt	7.36M	16.04M	15.79M	16.11M	16.42M
Total Liabilities	47.62M	53.68M	54.53M	53.48M	52.55M
Stockholders Equity	89.52M	83.70M	85.33M	81.19M	80.31M
Cash Flow
Free Cash Flow	36.55M	13.80M	11.45M	6.08M	18.45M
Operating Cash Flow	44.52M	28.87M	29.83M	17.66M	28.28M
Investing Cash Flow	-9.55M	-14.71M	-19.16M	-11.29M	-9.55M
Financing Cash Flow	-35.72M	-20.08M	-17.85M	-18.52M	-14.86M

Nedap N.V Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 85.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:NEDAP, the sentiment is Negative. The current price of 85.1 is below the 20-day moving average (MA) of 87.17, below the 50-day MA of 88.89, and below the 200-day MA of 86.86, indicating a bearish trend. The MACD of -0.71 indicates Positive momentum. The RSI at 40.44 is Neutral, neither overbought nor oversold. The STOCH value of 9.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:NEDAP.

Nedap N.V Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NEDAP	73 Outperform	€552.00M	22.86	29.06%	3.54%	4.11%	22.38%
TWEKA	71 Outperform	€1.56B	24.57	7.75%	4.11%	-3.59%	-46.68%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TOM2	57 Neutral	€653.28M	-102.54	-12.26%	―	-1.70%	24.14%
CTAC	55 Neutral	€42.87M	11.91	13.94%	3.49%	0.81%	351.71%
CMCOM	53 Neutral	€164.03M	-43.65	-57.80%	―	0.36%	34.49%
MTRK	47 Neutral	€176.98M	-14.18	―	―	-7.94%	7.30%