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NORMA Group SE
(XETRA:NOEJ)
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Rating:50Neutral
Price Target:
€20.50
▲(2.60% Upside)
Action:Reiterated
Date:08/18/26
The score is held down primarily by deteriorating financial performance—TTM operating losses and negative operating/free cash flow outweigh the balance-sheet improvement. Technicals are supportive due to a strong uptrend, but overbought momentum signals add near-term risk. Valuation is a positive offset given the very low P/E, though the low dividend yield offers limited additional support.
Positive Factors
Low Current Leverage
Low current leverage provides financial flexibility and reduces balance-sheet pressure while NORMA addresses weak profitability. The substantial equity base may help support operations and investment through the current cycle.
Negative Factors
Persistent Revenue Decline
Several years of falling revenue indicate sustained pressure on demand, customer volumes, or competitive position rather than a single isolated setback. Continued contraction could reduce operating leverage and weaken the scale of the business.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Current Leverage
Low current leverage provides financial flexibility and reduces balance-sheet pressure while NORMA addresses weak profitability. The substantial equity base may help support operations and investment through the current cycle.
Read all positive factors
NORMA Group SE (NOEJ) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€635.97M
Dividend Yield0.7%
Average Volume (3M)94.07K
Price to Earnings (P/E)2.8
Beta (1Y)1.15
Revenue Growth-27.54%
EPS Growth22330.41%
CountryDE
Employees4,706
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)7.16
Shares Outstanding31,862,400
10 Day Avg. Volume97,327
30 Day Avg. Volume94,073
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.82
Price to Sales (P/S)0.57
P/FCF Ratio9.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€19.80Price Target Upside-0.90% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)0.42
Revenue Forecast (FY)€829.77M
NORMA Group SE Business Overview & Revenue Model
Company Description
NORMA Group SE, along with its subsidiaries, specializes in manufacturing and distributing engineered joining technology solutions worldwide, spanning Europe, the Middle East, Africa, the Americas, and Asia-Pacific. Their product range includes es...
How the Company Makes Money
NORMA Group primarily makes money by manufacturing and selling engineered connection and fluid-handling products to business customers (B2B). Its revenue model is largely product-sales driven: (1) Sales of standard and engineered components: NORMA...
NORMA Group SE Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
66
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 667.51M | 821.66M | 1.16B | 1.22B | 1.24B | 1.09B |
| Gross Profit | 168.29M | 449.90M | 667.85M | 661.94M | 664.45M | 612.44M |
| EBITDA | -9.83M | 21.16M | 155.69M | 155.45M | 155.59M | 164.88M |
| Net Income | 227.92M | -81.75M | 14.70M | 27.83M | 39.07M | 55.93M |
Balance Sheet | ||||||
| Total Assets | 1.23B | 1.25B | 1.44B | 1.49B | 1.56B | 1.50B |
| Cash, Cash Equivalents and Short-Term Investments | 412.39M | 87.28M | 133.23M | 165.21M | 171.49M | 188.22M |
| Total Debt | 107.27M | 389.84M | 455.28M | 529.25M | 516.74M | 501.79M |
| Total Liabilities | 409.79M | 686.60M | 715.26M | 799.84M | 855.32M | 829.64M |
| Stockholders Equity | 820.56M | 563.82M | 720.99M | 693.10M | 705.07M | 668.25M |
Cash Flow | ||||||
| Free Cash Flow | -76.21M | 47.39M | 82.07M | 58.20M | 22.11M | 61.74M |
| Operating Cash Flow | -38.30M | 89.75M | 136.99M | 118.91M | 76.61M | 108.39M |
| Investing Cash Flow | 727.36M | -41.17M | -63.45M | -59.76M | -44.48M | -45.16M |
| Financing Cash Flow | -391.26M | -73.63M | -114.12M | -57.94M | -54.52M | -71.09M |
NORMA Group SE Technical Analysis
Positive
19.98
Price Trends
18.74
Positive
17.56
Positive
16.15
Positive
Market Momentum
0.37
Positive
59.94
Neutral
43.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:NOEJ, the sentiment is Positive. The current price of 19.98 is above the 20-day moving average (MA) of 19.79, above the 50-day MA of 18.74, and above the 200-day MA of 16.15, indicating a bullish trend. The MACD of 0.37 indicates Positive momentum. The RSI at 59.94 is Neutral, neither overbought nor oversold. The STOCH value of 43.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:NOEJ.
NORMA Group SE Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | €1.57B | -1.91 | -427.53% | 2.80% | 1.66% | 11.38% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €985.04M | -203.36 | -0.62% | 2.66% | 31.52% | -111.77% | |
50 Neutral | €635.97M | 2.78 | 32.10% | 0.77% | -27.54% | 22330.41% | |
48 Neutral | €392.24M | 7.13 | 8.86% | 2.58% | -7.95% | 9.34% |
* General Sector Average
DE:NOEJ
NORMA Group SE
19.90
3.75
23.23%
DE:KSB
KSB AG
932.00
48.38
5.48%
DE:SLT
Schaltbau Holding
64.00
0.93
1.47%
DE:SIM0
Simona AG
73.00
17.66
31.92%
DE:STM
Stabilus
16.32
-7.07
-30.22%
DE:JST
JOST Werke AG
61.70
15.80
34.41%
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.