Added to YB: 2025-11-14
Pitch date: 2025-11-12
NEX.PA [bullish]
Nexans S.A.
+16.99%
current return
Author Info
No bio for this author
Company Info
Nexans S.A. manufactures and sells cables in France, Canada, Norway, Italy, and internationally. It operates through PWR-Grid & Connect, PWR-Transmission, and Other segments.
Market Cap
EUR 6.2B
Pitch Price
EUR 120.69
Price Target
137.00 (-3%)
Dividend
2.04%
EV/EBITDA
9.16
P/E
29.89
EV/Sales
0.83
Sector
Electrical Equipment
Category
growth
Deep Dive & Investment Opportunity: Nexans
NEX.PA: Global electrification leader w/ €7.9B backlog through 2028. Transformed from generalist to pure-play specialist; EBITDA up 147% since 2018 to €804M (11.4% margin), ROCE 26.3%. Dominates subsea HVDC cables for offshore wind w/ Prysmian. 2025-28 targets: €1.15B EBITDA, 20%+ ROCE, €1.4B FCF. Trades 10-12x PE vs peers at 15x+
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