3.80 EUR (+24.0%)
4 analysts
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The Navigator Company is an integrated pulp and paper producer based in Portugal, operating from forest management to the manufacture of printing and packaging paper, with its own forest asset base.
Listed on Euronext Lisboa · Symbol NVG.LS · ELI: NVG · Currency EUR
Key points
from its scores- ✓Favourable backdrop8.1
- ✕Weak growth1.8
- ✕Poor share-price trend3.5
- ✕Little competitive advantage4.4
AI analysis
bottom line, main risk, context and newsThe company offers an attractive dividend and reasonable valuation, but lack of growth and leverage limit upside potential.
The Navigator Company shows acceptable financial health (score 5.31) with moderate leverage (ND/EBITDA 3.03), but growth is negative (revenues -10.6%, earnings -13.6%) and return on equity is low (ROE 7.87%). Valuation is not demanding (forward P/E 10.54), and the dividend (3.12% net) offers some yield, although the business is in a contraction phase.
The main risk is the contraction in revenues and earnings (-10.6% and -13.6% respectively) which, combined with leverage of 3.03x EBITDA, could pressure cash generation and the ability to maintain the dividend if the trend persists.
Context and risks
The Navigator Company operates in Portugal, a country with moderate governance risk. Its pulp and paper business depends on forest concessions and a regulatory framework that can influence its raw material costs and expansion capacity. Exposure to international markets and EUR/USD exchange rate volatility adds uncertainty, although there are no direct geopolitical events affecting the company.
Is Navigator stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Basic Materials median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 20.4 | 19.2 | +7% |
| EV / EBITDA | 11.0 | 10.0 | +10% |
| Price / book | 1.6 | 2.3 | −31% |
| Price / sales | 1.2 | 2.2 | −46% |
Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.6 out of 10 (median for Basic Materials: 5.8).
Average analyst target: 3.80 EUR, +24.0% versus the price.
Classic formulas with standard assumptions (10.0% 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 Basic Materials medianValuation
- P/E
- 20.4
- Forward P/E
- 10.5
- EV / EBITDA
- 11.0
- Price / book
- 1.6
- Price / sales
- 1.2
- PEG
- 0.20
- Market cap
- 2.2B EUR
- Enterprise value
- 3.0B EUR
Profitability
- ROE
- 7.9%
- ROA
- 2.3%
- ROIC (approx.)
- 5.7%
- Gross margin
- 52.0%
- Operating margin
- 7.5%
- Net margin
- 5.9%
Solvency
- Total debt
- 1.0B EUR
- Net debt
- 828.1M EUR
- Cash
- 179.4M EUR
- EBITDA
- 273.6M EUR
- Net debt / EBITDA
- 3.03
- Debt / equity
- 71.87
- Current ratio
- 1.29
- Quick ratio
- 0.88
Growth
- Revenue growth
- −10.6%
- Earnings growth
- −13.6%
- EPS (TTM)
- 0.15 EUR
- EPS (forward)
- 0.29 EUR
Dividend
- Dividend yield
- 3.6%
- Payout
- 74.0%
Risk and market
- Beta
- 0.22
- Analyst consensus
- none (4)
- Target price
- 3.80 EUR
- 52-week range
- 2.89 – 3.59
Recent news
All NVG.LS news →Compare it with its sector
All 141 in Basic Materials →Frequently asked questions about Navigator
Is Navigator stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Basic Materials median (within 15%). Valuation score: 6.6 out of 10 (median for Basic Materials: 5.8). Average analyst target: 3.80 EUR, +24.0% versus the price. This is not investment advice.
What score does Navigator get on MeridIAn Screener?
It scores 5.4 out of 10, rank 1,489 of 2,130 (better than 29% of the companies analysed). Its strongest category is Risk & Context (8.1) and its weakest, Growth (1.8). Analysis of 08/10/2026.
What is Navigator's P/E ratio?
Its P/E is 20.4: the share price equals 20.4 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 10.5.
How much is Navigator worth on the stock market?
Its market capitalisation is 2.2B EUR and its enterprise value, debt included, is 3.0B EUR.
How much debt does Navigator have?
Its net debt (debt minus cash) is 828.1M EUR. That is 3.03 times its EBITDA; the Basic Materials median is 1.41.
Does Navigator pay a dividend?
Yes: its dividend yield is 3.59% and it pays out 74% of its earnings.
How has Navigator stock performed over the last year?
It has risen 1.3% over the last year, excluding dividends. Over the last 52 weeks it has traded between 2.89 and 3.59 EUR. Past performance does not guarantee future results.
What do analysts think of Navigator?
4 analysts cover it; their average recommendation is “none” and their average target is 3.80 EUR (+24.0% versus the price). It is an estimate, not market data.