Added to YB: 2025-09-08
Pitch date: 2025-09-04
NDX1.DE [bullish]
Nordex SE
+81.09%
current return
Author Info
No bio for this author
Company Info
Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines in Europe, North America, Latin America, and internationally.
Market Cap
EUR 9.3B
Pitch Price
EUR 21.26
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.32
P/E
24.87
EV/Sales
0.98
Sector
Electrical Equipment
Category
turnaround
Nordex SE: Post-Turnaround Wind Player with Services-Led Stability
NDX1.DE: Post-turnaround onshore wind turbine co. Q2 EBITDA margin 5.8% (doubled YoY), €14.3bn backlog (~2yr revenue coverage), orders +82% YoY. Service div +17% (recurring, high-margin). €942m cash, 18% equity ratio. Risks: regulatory changes, project delays. EV €4.16bn vs 2025e rev €7.4-7.9bn, 5-7% EBITDA margin guidance.
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