NORMA Group SE (NOEJ) AI Stock Analysis

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NORMA Group SE

(XETRA:NOEJ)

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Rating:50Neutral

Price Target:EUR 15.00▼(-0.79% Downside)

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 leverageThe currently low debt-to-equity ratio and substantial equity base provide financial support while the company addresses operating challenges. This structure can reduce pressure from interest obligations and preserve capacity to fund operations, restructuring, or targeted investment over the next several quarters.

Negative Factors

Persistent revenue contractionSeveral years of declining revenue, including an approximately 10.5% TTM decrease, indicate sustained pressure on the company’s operating scale. Continued contraction can reduce fixed-cost absorption, weaken customer and market positioning, and make a return to stable profitability more difficult.

NORMA Group SE (NOEJ) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 341.05M
Dividend Yield: 0.93%
Average Volume (3M): 97.04K
Price to Earnings (P/E): 2.1
Beta (1Y): 1.23
Revenue Growth: -27.54%
EPS Growth: 22330.41%
Country: Germany
Employees: 4,706
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

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 essen...

NORMA Group SE Financial Statement Overview

Summary

Overall fundamentals are weak. The income statement shows multi-year revenue decline and TTM operating losses (negative EBIT/EBITDA), while the cash flow profile has flipped to negative operating and free cash flow in TTM—signaling near-term execution and funding risk. The balance sheet is a relative bright spot with low current leverage, but earnings quality appears unstable given large swings between net results and weak operating performance.

Income Statement

38Negative

Balance Sheet

66Positive

Cash Flow

34Negative

Financial statement breakdown
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	1.44M	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

Technical Analysis SentimentNegative

Last Price15.12

Price Trends

50DMA17.31Negative

100DMA17.81Negative

200DMA16.73Negative

Market Momentum

MACD-0.53Negative

RSI40.97Neutral

STOCH69.54Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:NOEJ, the sentiment is Negative. The current price of 15.12 is below the 20-day moving average (MA) of 15.36, below the 50-day MA of 17.31, and below the 200-day MA of 16.73, indicating a bearish trend. The MACD of -0.53 indicates Negative momentum. The RSI at 40.97 is Neutral, neither overbought nor oversold. The STOCH value of 69.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:NOEJ.

NORMA Group SE Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

DE:NOEJ against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:JST	55Neutral	EUR 922.76M	-185.56	-0.62%	2.66%	31.52%	-111.77%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
DE:KSB	53Neutral	EUR 1.41B	1.31	9.62%	3.24%	1.66%	11.38%
DE:NOEJ	50Neutral	EUR 341.05M	2.11	32.10%	0.93%	-27.54%	22330.41%
DE:STM	48Neutral	EUR 390.75M	6.91	8.86%	2.21%	-7.95%	9.34%

* General Sector Average

Performance Comparison

DE:NOEJ and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:NOEJ	NORMA Group SE	15.12	1.31	9.50%
DE:KSB	KSB (0BQD)	818.00	-119.02	-12.70%
DE:SLT	Schaltbau Holding	64.00	0.45	0.70%
DE:SIM0	Simona AG	71.00	21.00	42.01%
DE:STM	Stabilus SA	15.82	-4.91	-23.70%
DE:JST	JOST Werke AG	56.30	6.80	13.74%

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.

Date of analysis: Aug 18, 2026

NORMA Group SE AI Stock Analysis