Nagarro SE
XETRA:NA9
Intrinsic Value
Nagarro SE is a holding company, which engages in the provision of software and technology consulting and development. [ Read More ]
The intrinsic value of one NA9 stock under the Base Case scenario is 158.25 EUR. Compared to the current market price of 79.75 EUR, Nagarro SE is Undervalued by 50%.
Valuation Backtest
Nagarro SE
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Fundamental Analysis
Nagarro's Solid Performance Amid Slow Growth
2023-Q3 Earnings Call
Nagarro has shown a stable quarter despite a challenging environment, posting a constant currency revenue growth of 6.6% year-on-year, with a 2.3% organic growth. Their client base remains strong, achieving a record high of 176 accounts generating over EUR 1 million. Operational cash flow has improved significantly, amounting to EUR 61.7 million compared to EUR 32 million in the previous year. Cost cuts through streamlining headcount and changes in salary structure have been implemented. Nagarro continues to pivot towards a consultative selling approach, impacting gross margin negatively. They maintain 2023 guidance at EUR 915 million revenue, 26% gross margin, and 13% adjusted EBITDA margin, without considering any forthcoming acquisitions. The company is dedicated to diversification across industries and has a low client concentration, with their top 10 clients making up only 23% of the revenue.
Balance Sheet Decomposition
Nagarro SE
Current Assets | 351.9m |
Cash & Short-Term Investments | 104.8m |
Receivables | 230.9m |
Other Current Assets | 16.2m |
Non-Current Assets | 341.1m |
Long-Term Investments | 2.7m |
PP&E | 60.9m |
Intangibles | 262.3m |
Other Non-Current Assets | 15.2m |
Current Liabilities | 183.9m |
Accounts Payable | 15.6m |
Accrued Liabilities | 1.8m |
Other Current Liabilities | 166.5m |
Non-Current Liabilities | 327.7m |
Long-Term Debt | 286.9m |
Other Non-Current Liabilities | 40.8m |
Earnings Waterfall
Nagarro SE
Revenue
|
921.6m
EUR
|
Cost of Revenue
|
-83.6m
EUR
|
Gross Profit
|
838m
EUR
|
Operating Expenses
|
-751.7m
EUR
|
Operating Income
|
86.4m
EUR
|
Other Expenses
|
-31.8m
EUR
|
Net Income
|
54.5m
EUR
|
Free Cash Flow Analysis
Nagarro SE
What is Free Cash Flow?
NA9 Profitability Score
Profitability Due Diligence
Nagarro SE's profitability score is 63/100. The higher the profitability score, the more profitable the company is.
Score
Nagarro SE's profitability score is 63/100. The higher the profitability score, the more profitable the company is.
NA9 Solvency Score
Solvency Due Diligence
Nagarro SE's solvency score is 52/100. The higher the solvency score, the more solvent the company is.
Score
Nagarro SE's solvency score is 52/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
NA9 Price Targets Summary
Nagarro SE
According to Wall Street analysts, the average 1-year price target for NA9 is 121.13 EUR with a low forecast of 85.85 EUR and a high forecast of 199.5 EUR.
Shareholder Return
NA9 Price
Nagarro SE
Average Annual Return | 30.21% |
Standard Deviation of Annual Returns | 85.26% |
Max Drawdown | -69% |
Market Capitalization | 1.1B EUR |
Shares Outstanding | 13 936 500 |
Percentage of Shares Shorted |
N/A
|
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Nagarro SE is a holding company, which engages in the provision of software and technology consulting and development. The company is headquartered in Muenchen, Bayern. The company went IPO on 2020-12-16. The firm offers a full-service portfolio of digital product engineering, digital commerce and customer experience, managed services, enterprise resource planning (ERP) consulting and other services. Nagarro operates globally.
Contact
IPO
Employees
Officers
The intrinsic value of one NA9 stock under the Base Case scenario is 158.25 EUR.
Compared to the current market price of 79.75 EUR, Nagarro SE is Undervalued by 50%.