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Nicolas Correa
(BME:NEA)
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Rating:66Neutral
Price Target:
€10.50
▲(9.60% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily driven by solid underlying profitability and a conservative balance sheet, offset by a significant 2025 revenue contraction and weak cash generation (free cash flow turning negative). Valuation is a positive contributor due to the low P/E and healthy dividend yield, while technical indicators are broadly neutral with slightly negative momentum.
Positive Factors
Conservative balance sheet / low leverage
Low leverage and a conservative balance sheet provide durable financial flexibility across cycles. With debt-to-equity near 0.15, the company can sustain investment in equipment, fund working-capital swings, and support dividends or buybacks without immediate refinancing pressure, improving resilience to downturns.
Negative Factors
Sharp 2025 revenue contraction
A ~25% revenue drop in 2025 represents a material structural headwind for capacity utilization, pricing leverage, and fixed-cost absorption. If order book weakness or demand softness persists beyond one quarter, it could erode margins, reduce scale advantages, and necessitate cost or capital adjustments.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Low leverage and a conservative balance sheet provide durable financial flexibility across cycles. With debt-to-equity near 0.15, the company can sustain investment in equipment, fund working-capital swings, and support dividends or buybacks without immediate refinancing pressure, improving resilience to downturns.
Read all positive factors
Nicolas Correa (NEA) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€120.93M
Dividend Yield2.43%
Average Volume (3M)4.80K
Price to Earnings (P/E)10.0
Beta (1Y)0.21
Revenue Growth5.39%
EPS Growth-6.48%
CountryES
Employees474
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)1.00
Shares Outstanding12,316,627
10 Day Avg. Volume4,181
30 Day Avg. Volume4,805
Financial Highlights & Ratios
PEG Ratio-0.73
Price to Book (P/B)1.17
Price to Sales (P/S)0.91
P/FCF Ratio-104.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.78
Revenue Forecast (FY)€122.70M
Nicolas Correa Business Overview & Revenue Model
Company Description
Nicolás Correa, S.A. engages in the manufacture ang sale of milling machines and machining centers in Spain, Europe, and internationally. The company offers bed type, travelling column, bridge type, moving table, gantry type, and top gantry millin...
How the Company Makes Money
The company primarily makes money by selling machine tools (notably milling machines and machining centers) to industrial customers, where revenue is recognized through equipment orders and deliveries under customer contracts. A secondary source o...
Nicolas Correa Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 123.63M | 119.09M | 121.48M | 109.86M | 98.15M | 76.55M |
| Gross Profit | 50.26M | 66.10M | 37.49M | 59.76M | 52.60M | 41.90M |
| EBITDA | 16.58M | 17.54M | 18.57M | 14.10M | 12.54M | 9.18M |
| Net Income | 12.23M | 12.04M | 13.70M | 10.54M | 9.04M | 5.57M |
Balance Sheet | ||||||
| Total Assets | 191.03M | 158.55M | 135.63M | 137.63M | 122.22M | 115.09M |
| Cash, Cash Equivalents and Short-Term Investments | 36.20M | 26.37M | 23.99M | 18.86M | 21.61M | 24.54M |
| Total Debt | 20.89M | 13.57M | 4.89M | 7.90M | 10.77M | 12.14M |
| Total Liabilities | 88.86M | 65.16M | 49.98M | 62.84M | 55.02M | 55.11M |
| Stockholders Equity | 96.02M | 92.69M | 84.48M | 73.70M | 66.23M | 59.55M |
Cash Flow | ||||||
| Free Cash Flow | 5.12M | -1.04M | 10.48M | 3.88M | 4.78M | 13.37M |
| Operating Cash Flow | 22.09M | 10.36M | 13.70M | 8.22M | 7.80M | 15.76M |
| Investing Cash Flow | -12.28M | -12.15M | -2.47M | -5.18M | -4.91M | -2.34M |
| Financing Cash Flow | 3.25M | 4.28M | -6.11M | -5.75M | -5.82M | -6.31M |
Nicolas Correa Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | €120.93M | 10.00 | 12.96% | 2.43% | 5.39% | -6.48% | |
65 Neutral | €243.31M | 15.59 | 12.37% | 2.89% | 8.12% | -19.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €132.04M | 12.68 | 8.93% | ― | 2.34% | 100.55% | |
42 Neutral | €126.26M | 0.94 | -91.62% | 7.03% | -69.38% | ― |
* General Sector Average
ES:NEA
Nicolas Correa
9.98
0.03
0.26%
ES:MDF
Duro Felguera
0.26
0.03
13.91%
ES:GAM
General de Alquiler de Maquinaria
1.41
-0.15
-9.35%
ES:AZK
Azkoyen, S.A.
9.98
2.02
25.41%
ES:END
Endurance Motive SA
3.45
0.49
16.55%
ES:NBI
NBI Bearings Europe SA
3.08
-0.10
-3.14%
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.