Nicolas Correa (NEA) AI Stock Analysis

Nicolas Correa

(BME:NEA)

Select Model

Rating:62Neutral

Price Target:EUR 11.00▲(10.00% Upside)

Action:reiterated

Date:08/07/26

Solid balance sheet and attractive valuation support stability, offset by revenue volatility, weak cash flows, and bearish technical trends.

Positive Factors

Conservative balance sheetLow leverage gives Nicolas Correa resilience through industrial cycles and preserves capacity to fund operations, investment, or shareholder returns. Although debt increased from 2024, the balance sheet remains conservatively positioned and leverage is not currently a major constraint.

Negative Factors

Sharp revenue contractionA roughly 25% annual revenue contraction signals substantial demand cyclicality and reduces operating leverage across the business. If weaker equipment orders persist, lower scale could pressure earnings, delay recovery in growth, and make sustained profitability harder to maintain.

Nicolas Correa (NEA) vs. iShares MSCI Spain ETF (EWP)

Market Cap: EUR 121.18M
Dividend Yield: 2.43%
Average Volume (3M): 3,928
Price to Earnings (P/E): 10.0
Beta (1Y): 0.24
Revenue Growth: 5.39%
EPS Growth: -6.48%
Country: Spain
Employees: 474
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

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 milling m...

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 of r...

Nicolas Correa Financial Statement Overview

Summary

Mixed financials with stable profitability and strong balance sheet (low debt, growing equity), but inconsistent revenue growth, recent decline, and weak cash flows including negative free cash flow in 2025.

Income Statement

65Positive

Balance Sheet

75Positive

Cash Flow

55Neutral

Financial statement breakdown
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	36.82M	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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

ES:NEA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ES:AZK	74Outperform	EUR 252.33M	16.17	12.37%	2.79%	8.12%	-19.61%
ES:NEA	62Neutral	EUR 121.18M	10.00	12.96%	2.43%	5.39%	-6.48%
ES:GAM	62Neutral	EUR 130.63M	12.78	8.93%	―	2.34%	100.55%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
ES:MDF	51Neutral	EUR 104.55M	0.78	-91.62%	―	-69.38%	―

* General Sector Average

Performance Comparison

ES:NEA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
ES:NEA	Nicolas Correa	10.00	-0.00	-0.03%
ES:MDF	Duro Felguera	0.21	-0.04	-17.06%
ES:GAM	General de Alquiler de Maquinaria	1.39	-0.10	-6.71%
ES:AZK	Azkoyen, S.A.	10.35	2.13	25.88%
ES:END	Endurance Motive SA	2.88	-1.02	-26.15%
ES:NBI	NBI Bearings Europe SA	3.08	0.18	6.21%

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 04, 2026

Nicolas Correa AI Stock Analysis