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thyssenkrupp nucera AG (NCH2) Fair Value & Analysis

Industrials · DE · Market cap €1.1B

TN thyssenkrupp nucera AG NCH2 · XETRA
Price€7.51
Fair Value€6.00
Upside-20.1%
Quality45/100
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Evidence: High Range €5.80 – €6.21

Fair value as of: Jun 24, 2026

From 22 valuation models · updated 8 days ago

Share price −11.6% over the past month.

Price vs Fair Value (12 months)

€11.63 €6.90 Fair Value €6.00 Jul 2025 Jul 2026

12‑month range €6.90 – €11.63 · fair‑value band €5.80 – €6.21 · the €7.51 price screens above the €6.00 fair value. As of Jun 24, 2026.

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Analysis

thyssenkrupp nucera AG (NCH2) currently trades at €7.51, while our model-based Fair Value estimate is €6.00 — implying the stock looks roughly 20.1% overvalued today. We read business quality at 45/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, thyssenkrupp nucera AG generated revenue of €730M at a net margin of -1.0%. Revenue declined 43.9% year over year. It earns a return on equity of -1.0%. The balance sheet holds a net cash position of €656M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €730M
Revenue growth (YoY) -43.9%
Net margin -1.0%
Return on equity -1.0%
Free cash flow €10.8M FY2025
Operating margin -4.1%
More key figures
EPS (TTM) €-0.5400
EPS growth (YoY) -95.2%
Net cash €656M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

thyssenkrupp nucera AG & Co. KGaA engages in the development, engineering, procurement, commissioning, and licensing of electrolysis technologies in Germany, Saudi Arabia, Sweden, the United States, and internationally. It operates through the Chlor-Alkali (CA) and Green Hydrogen (gH2) segments. The company is involved in the development, planning, and construction of new-build electrolysis plants for producing green hydrogen for industrial applications; provision of services for chlor-alkali electrolysis, such as planning and construction of new plants. It also offers the BM 2.7 single-element technology and BiTAC filter press technology. The company was formerly known as thyssenkrupp Uhde Chlorine Engineers GmbH. The company was founded in 1960 and is headquartered in Dortmund, Germany. thyssenkrupp nucera AG & Co. KGaA operates as a subsidiary of Thyssenkrupp Projekt 1 GmbH.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

thyssenkrupp nucera AG reported revenue of €845M in FY2025 versus €319M in FY2021, a compound +27.5%/yr. Reported net income was €4.6M in FY2025, compounding −31.8%/yr from FY2021.

Revenue +27.5%/yr
FY21 €319M
FY22 €383M
FY23 €653M
FY24 €862M
FY25 €845M
Net income −31.8%/yr
FY21 €21.3M
FY22 €6.0M
FY23 €22.5M
FY24 €11.0M
FY25 €4.6M

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6 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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GE Vernova Inc GEV $867.09 $297.82 -66%
SIEGY SIEGY $155.10 $88.93 -43%
SMAWF SMAWF $307.12 $176.28 -43%
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Frequently asked questions

Is thyssenkrupp nucera AG (NCH2) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €6.00 versus a price of €7.51 — about −20% (overvalued). Model-based estimate, not financial advice.
What is the fair value of NCH2?
Our model-based fair value for thyssenkrupp nucera AG is €6.00 (as of Jun 24, 2026), built from audited fundamentals. The current price is €7.51.
What is the quality score of NCH2?
thyssenkrupp nucera AG has a Quality Score of 45/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of thyssenkrupp nucera AG (NCH2)?
thyssenkrupp nucera AG reported trailing-twelve-month revenue of about €730M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of NCH2?
The net profit margin of thyssenkrupp nucera AG is about -1.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.