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Novem Group SA (DE:NVM)
XETRA:NVM
Germany Market
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Novem Group SA (NVM) AI Stock Analysis

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DE:NVM

Novem Group SA

(XETRA:NVM)

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Neutral 50 (OpenAI - Gpt-5.6Sol)
Rating:50Neutral
Price Target:
€2.50
▲(10.62% Upside)
Action:Reiterated
Date:08/24/26
The score is held back primarily by weak current profitability and elevated leverage, despite solid free cash flow generation. Technical indicators also point to bearish momentum with the price below key moving averages. A low P/E provides some valuation support, but it is not enough to offset the financial and technical risks.
Positive Factors
Durable Free Cash Flow
Consistently positive free cash flow provides internal funding for operations, debt service and investment. This is a meaningful structural strength, although its long-term quality should be monitored because cash conversion versus earnings has been uneven.
Negative Factors
Profitability Deterioration
Low operating profitability and slightly negative TTM net income reduce the company’s ability to absorb industry shocks, fund growth and service debt from earnings. Persistent weakness would also undermine returns on capital and make cash-generation quality harder to assess.
Read all positive and negative factors
Positive Factors
Negative Factors
Durable Free Cash Flow
Consistently positive free cash flow provides internal funding for operations, debt service and investment. This is a meaningful structural strength, although its long-term quality should be monitored because cash conversion versus earnings has been uneven.
Read all positive factors

Novem Group SA (NVM) vs. iShares MSCI Germany ETF (EWG)

Novem Group SA Business Overview & Revenue Model

Company Description
Novem Group S.A. specializes in the design and delivery of decorative and functional interior trim components for the global automotive industry. Their extensive product range features items such as instrument panels, robust center console trim pi...
How the Company Makes Money
No reliable, publicly available information was provided here describing Novem Group SA (NVM)'s operating businesses, revenue model, or revenue breakdown. As a result, a factual explanation of how the company makes money (e.g., operating revenue s...

Novem Group SA Financial Statement Overview

Summary
Financials are mixed. Income statement trends deteriorated from strong FY2022–FY2023 profitability to weak recent earnings with low operating margin and slightly negative TTM net results. Balance sheet risk is high due to elevated leverage (debt well above equity historically), though leverage has improved in TTM. Cash flow is the main strength with solid and consistently positive free cash flow, but the negative TTM net income complicates earnings-quality assessment.
Income Statement
46
Neutral
Balance Sheet
38
Negative
Cash Flow
72
Positive
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2023Mar 2022
Income Statement
Total Revenue514.60M510.93M541.46M635.51M700.30M614.63M
Gross Profit204.29M249.49M271.45M97.24M338.12M316.10M
EBITDA51.42M68.78M77.08M99.69M113.05M100.84M
Net Income-2.81M11.25M11.13M34.78M49.98M43.97M
Balance Sheet
Total Assets459.50M554.09M568.07M616.21M638.01M594.04M
Cash, Cash Equivalents and Short-Term Investments82.20M175.22M150.10M141.51M165.47M116.97M
Total Debt157.10M287.28M298.34M257.21M257.31M283.95M
Total Liabilities359.20M459.37M474.13M526.32M530.75M526.39M
Stockholders Equity100.30M94.72M93.94M89.89M107.26M67.66M
Cash Flow
Free Cash Flow43.58M44.16M23.83M36.66M80.39M61.95M
Operating Cash Flow55.57M56.58M41.35M52.75M98.33M80.54M
Investing Cash Flow-11.25M-8.43M-12.85M-10.02M-13.78M-15.49M
Financing Cash Flow-104.56M-23.18M-18.70M-60.86M-35.55M-124.89M

Novem Group SA Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2.26
Price Trends
50DMA
2.42
Negative
100DMA
2.52
Negative
200DMA
2.68
Negative
Market Momentum
MACD
-0.07
Positive
RSI
33.86
Neutral
STOCH
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:NVM, the sentiment is Negative. The current price of 2.26 is below the 20-day moving average (MA) of 2.27, below the 50-day MA of 2.42, and below the 200-day MA of 2.68, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 33.86 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:NVM.

Novem Group SA Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
€196.69M6.4015.83%2.28%3.87%―
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
57
Neutral
€321.24M12.314.13%3.02%-0.34%―
55
Neutral
€68.75M23.981.63%7.93%-6.65%-75.87%
51
Neutral
€84.69M-1.74-16.20%2.65%-14.82%44.17%
50
Neutral
€95.53M-35.80-2.92%11.39%-2.97%-111.12%
43
Neutral
€114.00M-2.00-36.96%5.09%-10.23%-8.88%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DE:NVM
Novem Group SA
2.16
-1.59
-42.40%
DE:BDT
Bertrandt
8.56
-9.44
-52.44%
DE:ED4
EDAG Engineering
3.02
-3.82
-55.85%
DE:ZIL2
ElringKlinger
5.03
0.55
12.23%
DE:GMM
Grammer
14.20
7.70
118.46%
DE:PWO
Progress Werk Oberkirch
21.20
-4.88
-18.70%
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 24, 2026