Novem Group S.A. (NVM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Novem Group S.A. stock €5.75, price €1.97, upside +191.9%, quality 56 out of 100. Rating: strongly undervalued. Calculated from audited financials with 22 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 7, 2026.
How to read this chart
60‑month range €1.75 – €15.65 · fair‑value band €5.54 – €7.19 · the €1.97 price screens below the €5.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Novem Group S.A. develops and supplies trim elements and decorative function elements for car interiors in the automotive industry. Its product portfolio includes instrument panels, centre consoles, door trims, and belt lines, and decorative functional elements in car interiors.
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The company operates in Czechia, Germany, Italy, Slovenia, Honduras, Mexico, the United States, and China. The company was founded in 1947 and is based in Contern, Luxembourg.
Stock analysis
Novem Group S.A. (NVM) currently trades at €1.97, while our model-based Fair Value estimate is €5.75, implying the stock looks roughly 66% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €13.04 per share, and 21 of the 22 models we run sit above the €1.97 price.
Bear case: the Asset-Based group reads lowest at €1.43, and 1 of the 22 models stay below the price. Data coverage for this calculation is low.
Scenario range: €5.54 (bear) to €7.19 (bull), the price of €1.97 sits below 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 56/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Novem Group S.A. reported revenue of €511M in FY2026 versus €615M in FY2022, a compound −4.5%/yr. Reported net income was €11.3M in FY2026, compounding −28.9%/yr from FY2022.
Key figures
Market cap €84.8M Micro · P/S ratio 0.15 · EPS (TTM) €−0.0500 · Net margin −0.5% · Return on equity −2.9% · Return on assets (EBIT) 9.3% (5-year average) · Operating margin 5.4% · Revenue (TTM) €511M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at 192%, NVM screens cheaper than that median.
Fair Value models
Bear€5.54Fair Value €5.75Bull€7.19
Price €1.97 · Upside +191.9%
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.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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−5.6%
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.
−10.0%
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.
−3.3%
Start year 2021 (pandemic)
Revenue growth 7 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.
−4.6%
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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.
+2.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.9%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘ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.12% → 4%
⚠ Revenue per share shrinking 3.7%/yr over ~5Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Auto Parts · 655 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+191.9% · Top 25%
Profitability
Return on assets2.0% · Below median
Net margin (12 months)−0.5% · Bottom 25%
Operating margin (12 months)5.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.3% · Below median
Valuation Multiplesvs Auto Parts median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Novem Group S.A. Fair Value". https://www.fairvalue-calculator.com/stock/NVM
Frequently asked questions
Is Novem Group S.A. (NVM) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €5.75 versus a price of €1.97, about +192% upside (undervalued).
What is the fair value of NVM?
Our model-based fair value for Novem Group S.A. is €5.75 (as of Nov 7, 2026), built from audited fundamentals. The current price: €1.97.
What is the quality score of NVM?
Novem Group S.A. has a Quality Score of 56/100. 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 Novem Group S.A. (NVM)?
Our model-based price target is the fair value of €5.75 (as of Nov 7, 2026) from 22 valuation models. Cautious scenario €5.54, optimistic scenario €7.19. It is a calculation from audited fundamentals, not an analyst target.
What is the Novem Group S.A. stock forecast for 2026?
Our models put fair value at €5.75, about +192% upside versus a price of €1.97 (undervalued). Cautious scenario €5.54, optimistic scenario €7.19. The calculation is refreshed regularly with new filings.
What is the revenue of Novem Group S.A. (NVM)?
Novem Group S.A. reported trailing-twelve-month revenue of about €511M (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Novem Group S.A. (NVM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Novem Group S.A. it is €5.75 per share (as of Nov 7, 2026), against a price of €1.97. It is the blended result of 22 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Novem Group S.A. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, NVM trades below its calculated fair value: price €1.97, fair value €5.75, a gap of about +192% (undervalued). 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 NVM?
No. The price is what the market pays today (€1.97); the fair value is what the company's own numbers justify (€5.75). For Novem Group S.A. the two are €3.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Novem Group S.A. worth?
The market values Novem Group S.A. at about €84.8M (market capitalisation, as of Nov 7, 2026). Per share that is €1.97; our models calculate a fair value of €5.75 per share.
What do the bullish and bearish scenarios say about NVM?
Our models span a range for Novem Group S.A.: cautious scenario €5.54, base €5.75, optimistic €7.19 per share (as of Nov 7, 2026, price €1.97). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Novem Group S.A. (NVM)?
Balance-sheet figures for Novem Group S.A. (as of Nov 7, 2026): return on equity −2.9%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is NVM from its 52-week high?
Novem Group S.A. trades at €1.97, about 38% below its 52-week high of €3.16 and 13% above the low of €1.75 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €5.75 is for.
Which stocks are comparable to Novem Group S.A.?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Novem Group S.A. stock attractive at the current price?
The data as of Nov 7, 2026: price €1.97, calculated fair value €5.75 (+192%), Quality Score 56/100, from 22 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 NVM calculated?
We run Novem Group S.A. through 22 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €5.75 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 13.3% above its aggregate fair value. Novem Group S.A. currently trades 66% below its own fair value, and the market average says nothing about that. 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 Novem Group S.A. (NVM)?
The closing price on Nov 6, 2026 was €1.97. Our model-based fair value is €5.75, about +192% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Novem Group S.A. right now?
The price is below even our cautious bear case (€5.54). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Novem Group S.A.
How large is the market capitalisation of Novem Group S.A. (NVM)?
The market capitalisation of Novem Group S.A. is €84.8M. 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 Novem Group S.A. (NVM)?
The price-to-sales ratio of Novem Group S.A. is 0.15 (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 Novem Group S.A. (NVM)?
Earnings per share at Novem Group S.A. are €−0.0500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Novem Group S.A. (NVM)?
The net margin of Novem Group S.A. is −0.5% (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 Novem Group S.A. (NVM)?
The return on equity (ROE) of Novem Group S.A. is −2.9% (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 Novem Group S.A. (NVM)?
On an EBIT basis the return on assets of Novem Group S.A. is 9.3% (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 Novem Group S.A. (NVM)?
The operating margin of Novem Group S.A. is 5.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Novem Group S.A. (NVM)?
Revenue at Novem Group S.A. is growing +0.3% versus a year earlier (3y avg −10.0%). 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 Novem Group S.A. (NVM)?
Earnings per share at Novem Group S.A. are growing −88.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Novem Group S.A. (NVM) generate?
The free cash flow of Novem Group S.A. is €44.2M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Novem Group S.A. (NVM) carry?
The net debt of Novem Group S.A. is €112M (fiscal year 2026, ≈ 2.5 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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Nov 7, 2026