NV Nederlandsche Apparatenfabriek Nedap (NEDAP) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of NV Nederlandsche Apparatenfabriek Nedap stock €85.63, price €95.00, that is 9.9% below the price, quality 82 out of 100. Rating: overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range €43.30 – €101.60 · fair‑value band €59.94 – €113.46 · the €95.00 price screens above the €85.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Nedap N.V., together with its subsidiaries, develops and manufactures electronic equipment and software in the Netherlands, Germany, rest of Europe, North America, and internationally.
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It offers software services, which support healthcare institutions in planning, registering, and administering care processes.
Its healthcare software services include Nedap MediKIT, a cloud-based HIS designed to grow with general practitioners and their practices; Luna, an electronic day calendar that helps people with cognitive disabilities manage activities of daily life; and Nedap Ons, a comprehensive EHR solution that supports the full care process.
The company also provides sensor-based cow monitoring and management solutions comprising Nedap Cow Monitoring Platform, which establishes an integrated, modular platform that connects sensors, insights, and automation tools to create solutions; and SmartSight, an AI-driven solution that uses computer vision to deliver actionable insights on cow health.
In addition, it offers retail solutions that consist of Nedap iD Cloud, which utilizes RFID technology to streamline operations; and Nedap Sense that provides loss prevention and point-of-sale solutions.
Further, the company provides security solutions comprising Nedap Access, which offers secure management of identities, credentials, and access rights; Nedap Pace, a physical identity and access management system; and Nedap Readers, which provides vehicle and perimeter access with long-range identification.
Additionally, it offers UV lamp driver technologies for use in industrial curing and disinfection. The company serves healthcare, livestock, retail, and security markets. Nedap N.V. was founded in 1929 and is headquartered in Groenlo, the Netherlands.
Stock analysis
NV Nederlandsche Apparatenfabriek Nedap (NEDAP) currently trades at €95.00, while our model-based Fair Value estimate is €85.63, 10% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €87.95 per share, and 6 of the 25 models we run sit above the €95.00 price.
Bear case: the Economic Profit group reads lowest at €34.66, and 19 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: €59.94 (bear) to €113.46 (bull), the price of €95.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 82/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
NV Nederlandsche Apparatenfabriek Nedap reported revenue of €280M in FY2025 versus €207M in FY2021, a compound +7.8%/yr. Reported net income was €24.6M in FY2025, compounding +7.7%/yr from FY2021.
Key figures
Market cap €629M Small · P/E ratio 22.1 · P/S ratio 2.12 · EPS (TTM) €4.29 · Dividend yield 3.9% · Net margin 9.6% · Return on equity 37.0% · Return on assets (EBIT) 19.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 69 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 27% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 28% fair-value upside, at −10%, NEDAP screens richer than that median.
Fair Value models
Bear€59.94Fair Value €85.63Bull€113.46
Price €95.00 · Downside -9.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.5043 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.1%
Start year 2020 (pandemic). Over 10 years: +4.5% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+9.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.7%
Dividend (yield on the price)3.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5.7% vs 8.7%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 11%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +4.2% a year for the price and +5.3% for the forecasts.
Compare NV Nederlandsche Apparatenfabriek Nedap with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 479 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score82 · Top 25%
Fair Value upside−9.9% · Below median
Profitability
Return on equity (12 months)37.0% · Top 25%
Return on assets17.9% · Top 25%
Net margin (12 months)9.6% · Top 25%
Operating margin (12 months)12.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)12.7% · Above median
Dividend yield (12 months)3.9% · Above median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
P/E (12 months)22.1× · Pricier than median
P/B7.03× · Priciest 25%
P/S (12 months)2.12× · Pricier than median
Price / free cash flow (fiscal year)17.2× · Pricier than median
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Is NV Nederlandsche Apparatenfabriek Nedap (NEDAP) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of €85.63 versus a price of €95.00, about 10% lower (overvalued).
What is the fair value of NEDAP?
Our model-based fair value for NV Nederlandsche Apparatenfabriek Nedap is €85.63 (as of Nov 5, 2026), built from audited fundamentals. The current price: €95.00.
What is the quality score of NEDAP?
NV Nederlandsche Apparatenfabriek Nedap has a Quality Score of 82/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
Our model-based price target is the fair value of €85.63 (as of Nov 5, 2026) from 25 valuation models. Cautious scenario €59.94, optimistic scenario €113.46. It is a calculation from audited fundamentals, not an analyst target.
What is the NV Nederlandsche Apparatenfabriek Nedap stock forecast for 2026?
Our models put fair value at €85.63, about 10% lower versus a price of €95.00 (overvalued). Cautious scenario €59.94, optimistic scenario €113.46. The calculation is refreshed regularly with new filings.
What is the revenue of NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
NV Nederlandsche Apparatenfabriek Nedap reported trailing-twelve-month revenue of about €297M (latest available figure, as of Nov 5, 2026).
Does NV Nederlandsche Apparatenfabriek Nedap pay a dividend?
NV Nederlandsche Apparatenfabriek Nedap currently shows a dividend yield of 3.89% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of NV Nederlandsche Apparatenfabriek Nedap (NEDAP) and when is the ex-dividend date?
NV Nederlandsche Apparatenfabriek Nedap pays a dividend of €3.70 per share a year, a dividend yield of 3.9%. The last ex-dividend date was Apr 10, 2026. A dividend has been paid every year since at least 1990. The payout ratio is 86.2% of earnings. Free cash flow covers the dividend 1.49 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
For today's price to be fair in a discounted-cash-flow model, NV Nederlandsche Apparatenfabriek Nedap would have to grow free cash flow by +6.5 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.1 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of NEDAP use?
Our models discount NV Nederlandsche Apparatenfabriek Nedap at 9.6 %: a base by market capitalisation (small), damped by beta 0.42, country premium for Netherlands. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For NV Nederlandsche Apparatenfabriek Nedap that is +6.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has NV Nederlandsche Apparatenfabriek Nedap (NEDAP) delivered so far?
Over the past 5 years revenue at NV Nederlandsche Apparatenfabriek Nedap grew +8.1 % a year. The price currently implies free-cash-flow growth of +6.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of NV Nederlandsche Apparatenfabriek Nedap (NEDAP) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into NV Nederlandsche Apparatenfabriek Nedap (+6.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
The free-cash-flow yield on the price is 5.81 %: that much free cash flow NV Nederlandsche Apparatenfabriek Nedap produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NV Nederlandsche Apparatenfabriek Nedap it is €85.63 per share (as of Nov 5, 2026), against a price of €95.00. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is NV Nederlandsche Apparatenfabriek Nedap stock overvalued or undervalued in 2026?
As of Nov 5, 2026, NEDAP trades above its calculated fair value: price €95.00, fair value €85.63, a gap of about −10% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NEDAP?
No. The price is what the market pays today (€95.00); the fair value is what the company's own numbers justify (€85.63). For NV Nederlandsche Apparatenfabriek Nedap the two are €9.37 per share apart. That gap is exactly why we show both numbers side by side.
How much is NV Nederlandsche Apparatenfabriek Nedap worth?
The market values NV Nederlandsche Apparatenfabriek Nedap at about €629M (market capitalisation, as of Nov 5, 2026). Per share that is €95.00; our models calculate a fair value of €85.63 per share.
What do the bullish and bearish scenarios say about NEDAP?
Our models span a range for NV Nederlandsche Apparatenfabriek Nedap: cautious scenario €59.94, base €85.63, optimistic €113.46 per share (as of Nov 5, 2026, price €95.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NEDAP?
NV Nederlandsche Apparatenfabriek Nedap trades at a price-to-earnings ratio of 22.1 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €85.63 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 20.1. Other multiples: P/B 7.0, P/S 2.1, EV/EBITDA 13.6.
How solid is the balance sheet of NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
Balance-sheet figures for NV Nederlandsche Apparatenfabriek Nedap (as of Nov 5, 2026): return on equity 37.0%. They feed the Quality Score of 82/100, which measures business quality independently of the share price.
How far is NEDAP from its 52-week high?
NV Nederlandsche Apparatenfabriek Nedap trades at €95.00, about 6% below its 52-week high of €101.60 and 27% above the low of €74.99 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €85.63 is for.
Which stocks are comparable to NV Nederlandsche Apparatenfabriek Nedap?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is NV Nederlandsche Apparatenfabriek Nedap stock attractive at the current price?
The data as of Nov 5, 2026: price €95.00, calculated fair value €85.63 (−10%), Quality Score 82/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NEDAP calculated?
We run NV Nederlandsche Apparatenfabriek Nedap through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €85.63 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. NV Nederlandsche Apparatenfabriek Nedap itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
The closing price on Nov 6, 2026 was €95.00. Our model-based fair value is €85.63, about 10% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NV Nederlandsche Apparatenfabriek Nedap right now?
A fairly wide model range (€59.94 to €113.46) leaves room in how you read the outcome. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of NV Nederlandsche Apparatenfabriek Nedap (NEDAP) come from?
Earnings per share at NV Nederlandsche Apparatenfabriek Nedap grew +7.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.0 %, EBIT margin +4.9 %, tax rate −0.3 %, residual (interest, one-offs) −1.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of NV Nederlandsche Apparatenfabriek Nedap
How large is the market capitalisation of NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
The market capitalisation of NV Nederlandsche Apparatenfabriek Nedap is €629M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
The price-to-sales ratio of NV Nederlandsche Apparatenfabriek Nedap is 2.12 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
Earnings per share at NV Nederlandsche Apparatenfabriek Nedap are €4.29 (price ÷ EPS = P/E 22.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
The dividend yield of NV Nederlandsche Apparatenfabriek Nedap is 3.9% (payout 86.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
The net margin of NV Nederlandsche Apparatenfabriek Nedap is 9.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
The return on equity (ROE) of NV Nederlandsche Apparatenfabriek Nedap is 37.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
On an EBIT basis the return on assets of NV Nederlandsche Apparatenfabriek Nedap is 19.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
The operating margin of NV Nederlandsche Apparatenfabriek Nedap is 12.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
Revenue at NV Nederlandsche Apparatenfabriek Nedap is growing +12.7% versus a year earlier (3y avg +6.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at NV Nederlandsche Apparatenfabriek Nedap (NEDAP)?
Earnings per share at NV Nederlandsche Apparatenfabriek Nedap are growing +34.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does NV Nederlandsche Apparatenfabriek Nedap (NEDAP) carry?
The net debt of NV Nederlandsche Apparatenfabriek Nedap is €4.0M (fiscal year 2025, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 5, 2026