Operating Margin

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Price: 3.166 EUR -0.13% Market Closed

Market Cap: 2.3B EUR

11.6%

Declining

by 7.7%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

11.6%

Operating Income

€233.2m

Revenue

€2B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

11.6%

Operating Income

€233.2m

Revenue

€2B

Peer Comparison

Country		Company	Market Cap	Operating Margin
PT	N	Navigator Company SA ELI:NVG	2.3B EUR	Loading...
FI		UPM-Kymmene Oyj OMXH:UPM	12.5B EUR	Loading...
ZA	S	Sappi Ltd JSE:SAP	12.8B Zac	Loading...
BR		Suzano SA BOVESPA:SUZB3	64.5B BRL	Loading...
FI	S	Stora Enso Oyj OMXH:STERV	8B EUR	Loading...
CN		Shandong Sun Paper Co Ltd SZSE:002078	44.2B CNY	Loading...
JP		Oji Holdings Corp TSE:3861	923.5B JPY	Loading...
SE		Holmen AB STO:HOLM B	53.3B SEK	Loading...
UK		Mondi PLC LSE:MNDI	3.8B GBP	Loading...
HK		Nine Dragons Paper (Holdings) Ltd HKEX:2689	33.9B HKD	Loading...
CL	E	Empresas CMPC SA SGO:CMPC	3.5T CLP	Loading...

Market Distribution

Min	-106 149.6%
30th Percentile	6.6%
Median	9.5%
70th Percentile	11.2%
Max	185.6%

Other Profitability Ratios

Navigator Company SA
Glance View

Economic Moat

None

Market Cap

2.3B EUR

Industry

Paper & Forest

Nestled within the lush forestry of Portugal, The Navigator Company SA is a leading titan in the global paper industry, renowned for its sustainable practices in pulp and paper production. The company’s journey began over sixty years ago with a sharp focus on quality and innovation, gradually evolving into an industry behemoth. The sophisticated workings of Navigator revolve around its unyielding commitment to sustainability and technological advancement. They operate with a vertically integrated model, which encompasses the entire value chain from the prudent management of eucalyptus forests to the advanced engineering of high-end paper products. This synergy allows Navigator not only to champion environmentally friendly practices but also to ensure unrivaled quality and cost-efficiency in its offerings. Navigator Company's wealth of expertise in producing premium paper positions it strategically in predominant markets across the globe. Its flagship product, the office paper brand known as "Navigator," sets the gold standard in Europe and beyond, driving a substantial portion of company revenues. Their operations extend further into tissue paper and energy production, rounding out their diversified portfolio. By leveraging its operational efficiencies and carving a niche in high-quality segments, Navigator navigates through volatile markets with resilience. Its robust earnings underscore the effectiveness of blending tradition with innovation—a hallmark of its business model. As the company strides toward a more eco-conscious future, it remains steadfast in its mission to transform a centuries-old industry through sustainable practices and unmatched excellence.

View NVG Analysis

NVG Intrinsic Value

Undervaluation 38%

Intrinsic Value

Price

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Navigator Company SA
ELI:NVG

Peer Comparison

Market Distribution

Other Profitability Ratios

Navigator Company SA
Glance View

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Navigator Company SA ELI:NVG