Want to see FR:NEX full AI Analyst Report?
Top Page
Nexans
(NEX)
Select Model
Select Model
Rating:60Neutral
Price Target:
€121.00
▼(-14.06% Downside)
Action:Downgraded
Date:08/06/26
The score is primarily supported by improving multi-year profitability and consistently positive free cash flow, indicating solid underlying financial strength. This is tempered by 2025’s revenue decline and some margin pressure, plus uncertainty from unusual 2025 balance sheet/ROE reporting. Technically, indicators are mixed and valuation is a key headwind due to the very high P/E despite a modest dividend yield.
Positive Factors
Improving profitability
The multi-year improvement in net income and net margin indicates stronger earnings power than earlier in the period. Although 2025 revenue weakened, the higher profitability base can support reinvestment, resilience, and better returns if Nexans sustains its value-added product and project mix.
Negative Factors
2025 revenue contraction
The sharp reversal from growth to contraction shows that Nexans’ top-line performance remains exposed to project timing, market conditions, or customer demand changes. Sustained revenue weakness would limit operating leverage, reduce the benefits of scale, and make continued profit expansion more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability
The multi-year improvement in net income and net margin indicates stronger earnings power than earlier in the period. Although 2025 revenue weakened, the higher profitability base can support reinvestment, resilience, and better returns if Nexans sustains its value-added product and project mix.
Read all positive factors
Nexans (NEX) vs. iShares MSCI France ETF (EWQ)
Market Cap
€5.33B
Dividend Yield2.38%
Average Volume (3M)141.99K
Price to Earnings (P/E)63.9
Beta (1Y)0.90
Revenue Growth-12.95%
EPS Growth-145.02%
CountryFR
Employees25,700
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)1.91
Shares Outstanding43,746,790
10 Day Avg. Volume139,090
30 Day Avg. Volume141,985
Financial Highlights & Ratios
PEG Ratio0.59
Price to Book (P/B)2.79
Price to Sales (P/S)0.71
P/FCF Ratio11.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€174.00Price Target Upside23.58% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)7.25
Revenue Forecast (FY)€8.05B
Nexans Business Overview & Revenue Model
Company Description
Nexans S.A., established in 1994 and headquartered in Courbevoie, France, is a global leader in the manufacture and distribution of diverse cabling solutions. The company's operations are strategically organized into four key divisions. Its Buildi...
How the Company Makes Money
Nexans makes money primarily by manufacturing and selling cables and complete cabling systems (often including associated components/accessories) to professional customers across power transmission/distribution, industrial applications, and buildi...
Nexans Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
62
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.85B | 7.81B | 8.55B | 7.79B | 8.37B | 7.37B |
| Gross Profit | 764.00M | 907.00M | 1.17B | 995.00M | 996.00M | 781.00M |
| EBITDA | 564.00M | 616.00M | 629.00M | 507.00M | 556.00M | 421.00M |
| Net Income | -56.00M | 352.00M | 279.00M | 221.00M | 245.00M | 164.00M |
Balance Sheet | ||||||
| Total Assets | 9.60B | 8.04B | 7.67B | 6.54B | 6.40B | 5.59B |
| Cash, Cash Equivalents and Short-Term Investments | 1.46B | 1.63B | 1.25B | 1.13B | 1.13B | 972.00M |
| Total Debt | 2.49B | 1.90B | 1.93B | 1.34B | 1.32B | 1.05B |
| Total Liabilities | 7.45B | 6.02B | 5.84B | 4.83B | 4.74B | 4.12B |
| Stockholders Equity | 2.13B | 2.00B | 1.81B | 1.70B | 1.65B | 1.45B |
Cash Flow | ||||||
| Free Cash Flow | 281.00M | 464.00M | 457.00M | 323.00M | 246.00M | 195.00M |
| Operating Cash Flow | 694.00M | 847.00M | 776.00M | 700.00M | 544.00M | 401.00M |
| Investing Cash Flow | -1.44B | -84.00M | -903.00M | -440.00M | -429.00M | -183.00M |
| Financing Cash Flow | 127.00M | -253.00M | 278.00M | -215.00M | 113.00M | -417.00M |
Nexans Technical Analysis
Negative
140.80
Price Trends
134.94
Negative
137.68
Negative
135.69
Negative
Market Momentum
-4.44
Positive
29.62
Positive
16.53
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:NEX, the sentiment is Negative. The current price of 140.8 is above the 20-day moving average (MA) of 128.90, above the 50-day MA of 134.94, and above the 200-day MA of 135.69, indicating a bearish trend. The MACD of -4.44 indicates Positive momentum. The RSI at 29.62 is Positive, neither overbought nor oversold. The STOCH value of 16.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:NEX.
Nexans Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | €33.31B | 26.16 | 17.71% | 1.81% | 9.70% | 8.18% | |
63 Neutral | €140.67B | 29.58 | 19.47% | 1.69% | 6.93% | 9.95% | |
60 Neutral | €5.33B | 63.87 | -2.71% | 2.38% | -12.95% | -145.02% | |
59 Neutral | €901.52M | 57.85 | 1.96% | 2.39% | -3.46% | -68.33% | |
57 Neutral | €6.87B | 41.18 | 14.23% | 2.67% | 3.06% | 47.94% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | €150.22M | -3.11 | -69.70% | ― | 11.71% | -171.43% |
* General Sector Average
FR:NEX
Nexans
114.90
-5.50
-4.57%
FR:LAT
Latecoere
0.01
>-0.01
-15.38%
FR:LR
LEGRAND
123.65
-20.21
-14.05%
FR:MRN
MERSEN
35.52
7.93
28.73%
FR:SU
Schneider Electric
235.75
-9.51
-3.88%
FR:SPIE
SPIE SA
40.56
-5.54
-12.02%
Nexans Corporate Events
Nexans nears €5bn sales on electrification boom and M&A-fueled growth
Oct 22, 2026
Nexans reported strong nine-month 2026 results, with standard sales nearing €5 billion and organic growth of 3.9%, boosted by 9.0% organic growth in the third quarter and robust momentum in its electrification businesses. PWR-Grid and PWR-Co...
Nexans Reports 10,556-Share Buyback Over Three Days
Oct 19, 2026
Nexans has disclosed a new set of transactions in its ongoing share buyback program, reporting the repurchase of 10,556 of its own shares on Euronext Paris between 12 and 14 October 2026. The operations were carried out under a previously announce...
Nexans names seasoned industrial executive Stéphane Artaud as COO to drive global operations transformation
Oct 14, 2026
Nexans has appointed Stéphane Artaud as Chief Operating Officer and member of the Executive Committee, effective November 1, 2026, tasking him with strengthening the performance and transformation of the group’s global industrial operat...
Nexans Buys Back 24,000 Shares Under Ongoing Treasury Share Programme
Oct 12, 2026
Nexans disclosed that it repurchased a total of 24,000 of its own shares on Euronext Paris between October 5 and 9, 2026 under its previously announced share buyback program. The purchases, executed by Natixis within a mandated framework, were mad...
Nexans Details 15,000-Share Buyback on Euronext Paris
Oct 5, 2026
Nexans has disclosed detailed transactions carried out on its own shares between 28 September and 2 October 2026 under a previously announced share buyback program. The company repurchased a total of 15,000 shares on Euronext Paris at daily weight...
Nexans Updates Share Capital and Tightens Ownership Disclosure Rules
Oct 1, 2026
Nexans reported that as of September 30, 2026 its share capital consisted of 43,746,793 shares, corresponding to the same number of theoretical voting rights and 43,609,474 exercisable voting rights. The gap between theoretical and exercisable vot...
Nexans Buys Back 15,000 Shares Under Ongoing Repurchase Programme
Sep 28, 2026
Nexans disclosed that it repurchased a total of 15,000 of its own shares on Euronext Paris between 21 and 25 September 2026 as part of its ongoing share buyback programme. The transactions, executed by investment service provider Natixis at daily ...
Nexans Buys Back 15,000 Shares Under Ongoing Repurchase Program
Sep 21, 2026
Nexans disclosed that it repurchased a total of 15,000 of its own shares on Euronext Paris between 14 and 18 September 2026. The buybacks were executed under a previously announced share repurchase program and carried out by Natixis as mandated in...
Nexans Buys Back 15,000 Shares Under Ongoing Capital Management Program
Sep 14, 2026
Nexans reported that it repurchased a total of 15,000 of its own shares on Euronext Paris between 7 and 11 September 2026 under an existing share buyback program. The trades, executed via investment services provider Natixis at daily weighted aver...
Nexans Sells €500 Million Bond to Refinance Republic Wire Acquisition Debt
Sep 9, 2026
Nexans has raised €500 million through a five-year bond issue carrying a 4.25% annual coupon, with the proceeds earmarked to refinance a bridge term loan used to fund its June 2026 acquisition of Republic Wire. The bonds, rated BB+ by Standa...
Nexans Buys Back 15,000 Shares Under Treasury Program
Sep 7, 2026
Nexans disclosed that it repurchased 15,000 of its own shares on Euronext Paris between August 31 and September 4, 2026, under a previously announced share buyback program. The transactions, executed by Natixis at daily weighted average prices aro...
Nexans Updates Share Capital and Tightens Disclosure on Significant Stakes
Sep 1, 2026
Nexans has reported that as of August 31, 2026, its share capital consists of 43,746,793 shares, corresponding to an equal number of theoretical voting rights and 43,675,474 exercisable voting rights. This regular disclosure under French market re...
Nexans Buys Back 15,000 Shares Under Ongoing Treasury Program
Aug 31, 2026
Nexans reported that it repurchased a total of 15,000 of its own shares on Euronext Paris between August 24 and August 28, 2026 under its existing share buyback program. The transactions, executed by Natixis as mandated investment firm, were carri...
Nexans Repurchases 15,000 Shares Under Ongoing Buyback Program
Aug 24, 2026
Nexans reported that it repurchased 15,000 of its own shares on the Euronext Paris market between August 17 and 21, 2026, at weighted average prices ranging from about €137.8 to €141.9 per share. The transactions were executed by Natix...
Nexans Buys Back 15,000 Shares Under Ongoing Repurchase Programme
Aug 17, 2026
Nexans disclosed that it repurchased 15,000 of its own shares on Euronext Paris between 10 and 14 August 2026 under its existing share buyback programme. The transactions, executed via investment services provider Natixis, were carried out at dail...
Nexans Buys Back 15,000 Shares Under Ongoing Treasury Programme
Aug 10, 2026
Nexans disclosed that it repurchased 15,000 of its own shares on the Euronext Paris market between August 3 and August 7, 2026 under its previously announced share buyback programme. The trades were executed by Natixis under a mandate, at daily we...
Nexans Continues Share Buyback with July 2026 Repurchases
Aug 3, 2026
Nexans disclosed that it repurchased 6,449 of its own shares on Euronext Paris between July 30 and July 31, 2026, under its previously announced share buyback program. The transactions, executed via an investment services provider, were carried ou...
Nexans Updates Share Capital and Voting Rights, Tightens Threshold Disclosure
Aug 3, 2026
Nexans has reported that, as of July 31, 2026, its share capital consists of 43,746,793 shares, corresponding to an equal number of theoretical voting rights and 43,738,474 exercisable voting rights, after excluding treasury shares and those held ...
Nexans Launches Targeted Share Buyback to Fund Equity Incentive Plans
Jul 30, 2026
Nexans has launched a share buyback program covering up to 176,005 shares to service existing free share and performance share plans for employees and corporate officers. The mandate has been given to an investment services provider, which will ex...
Nexans lifts 2026 guidance as electrification growth and U.S. expansion fuel results
Jul 29, 2026
Nexans reported first-half 2026 standard sales of €3.25 billion, up 5% year-on-year, driven by 4.5% organic growth in its Electrification activities and contributions from recent acquisitions. Adjusted EBITDA rose 4.3% to €387.7 millio...
Nexans reshapes board committees to reinforce governance and sustainability oversight
Jul 28, 2026
Nexans has reshaped the composition of its board committees, appointing Antonio Cammisecra to the Nominations and Corporate Governance, Remuneration, and Strategic and Sustainable Development Committees, and naming Thierry Fournier to the Audit, A...
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.