Nexans NEX.PA
FranceIndustrials · Electrical Equipment & PartsEuronext París · EUR
171.73 EUR (+34.8%)
15 analysts
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Nexans is a global manufacturer of cables and cabling systems for power transmission and distribution, as well as for industrial and infrastructure applications.
Listed on Euronext París · Symbol NEX.PA · EPA: NEX · Currency EUR
Key points
from its scores- ✕Little competitive advantage3.2
- ✕Weak growth4.0
- ✕Poor share-price trend4.3
AI analysis
bottom line, main risk, context and newsThe company has mixed fundamentals and a governance risk that justifies caution until profitability improves.
Nexans shows solid revenue growth of 19.10%, but the profit decline (-72.30%) and an operating margin of 6.31% reflect pressure on profitability. Valuation is reasonable (forward P/E 13.87), although negative free cash flow conversion (-0.42) and moderate debt (ND/EBITDA 1.39) limit the appeal. Governance risk in France adds uncertainty.
The profit decline (-72.30%) and negative free cash flow conversion (-0.42) indicate profitability issues that could persist if the cost environment (energy, copper) does not improve.
Context and risks
Nexans, as a manufacturer of cables and energy systems, has exposure to copper and energy price developments, although its operating margin of 6.31% suggests some pass-through capacity. The context of rising rates in Europe (ECB) and a stronger dollar may affect its financing costs and competitiveness, but its Net Debt/EBITDA ratio of 1.39 limits the direct impact. The main risk is governance in France, with an elevated risk reference that may affect investor perception.
Is Nexans stock cheap or expensive?
at the analysis dateOn EV / EBITDA, it trades 39% below the Industrials median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| EV / EBITDA | 8.9 | 14.5 | −39% |
| Price / book | 2.6 | 4.1 | −36% |
| Price / sales | 0.6 | 2.1 | −68% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.0 out of 10 (median for Industrials: 5.0).
Average analyst target: 171.73 EUR, +34.8% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 5.6 (sector 6.4), Growth 4.0 (sector 6.6).
Classic formulas with standard assumptions (5.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- Forward P/E
- 13.9
- EV / EBITDA
- 8.9
- Price / book
- 2.6
- Price / sales
- 0.6
- PEG
- 0.41
- Market cap
- 5.6B EUR
- Enterprise value
- 6.6B EUR
Profitability
- ROE
- 9.8%
- ROA
- 3.5%
- ROIC (approx.)
- 11.7%
- Gross margin
- 10.2%
- Operating margin
- 6.3%
- Net margin
- 1.0%
- Free cash flow
- −3.1M EUR
- FCF yield
- −0.1%
- Cash conversion
- −0%
Solvency
- Total debt
- 2.5B EUR
- Net debt
- 1.0B EUR
- Cash
- 1.5B EUR
- EBITDA
- 745.0M EUR
- Net debt / EBITDA
- 1.39
- Debt / equity
- 115.78
- Current ratio
- 1.04
- Quick ratio
- 0.60
Growth
- Revenue growth
- +19.1%
- Earnings growth
- −72.3%
- EPS (TTM)
- −0.90 EUR
- EPS (forward)
- 9.19 EUR
Dividend
- Dividend yield
- 2.3%
- Payout
- 67.8%
Risk and market
- Beta
- 0.94
- Analyst consensus
- Buy (15)
- Target price
- 171.73 EUR
- 52-week range
- 109.70 – 169.00
Recent news
All NEX.PA news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Nexans
Is Nexans stock cheap or expensive?
On EV / EBITDA, it trades 39% below the Industrials median. Valuation score: 5.0 out of 10 (median for Industrials: 5.0). Average analyst target: 171.73 EUR, +34.8% versus the price. This is not investment advice.
What score does Nexans get on MeridIAn Screener?
It scores 4.7 out of 10, rank 1,821 of 2,130 (better than 14% of the companies analysed). Its strongest category is Dividend (6.3) and its weakest, Quality / Moat (3.2). Analysis of 08/10/2026.
How much is Nexans worth on the stock market?
Its market capitalisation is 5.6B EUR and its enterprise value, debt included, is 6.6B EUR.
How much debt does Nexans have?
Its net debt (debt minus cash) is 1.0B EUR. That is 1.39 times its EBITDA; the Industrials median is 1.58.
Does Nexans pay a dividend?
Yes: its dividend yield is 2.28% and it pays out 68% of its earnings.
How has Nexans stock performed over the last year?
It has risen 2.6% over the last year, excluding dividends. Over the last 52 weeks it has traded between 109.70 and 169.00 EUR. Past performance does not guarantee future results.
What do analysts think of Nexans?
15 analysts cover it; their average recommendation is “Buy” and their average target is 171.73 EUR (+34.8% versus the price). It is an estimate, not market data.