Nexans S.A (NEX) Fair Value & Analysis
Industrials · FR · Market cap €5.9B
Fair value as of: Jul 20, 2026
From 24 valuation models · updated 21 days ago
Fair value updated Jul 20, 2026, revised from €146.27 to €146.09 (−0.1%) since Jul 18, 2026. Share price +6.7% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (€106.24 to €200.37) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.
How to read this chart
60‑month range €60.10 – €164.88 · fair‑value band €106.24 – €200.37 · the €139.60 price screens below the €146.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.
Analysis
Nexans S.A (NEX) currently trades at €139.60, while our model-based Fair Value estimate is €146.09, implying the stock looks roughly 4.7% fairly valued today. The Quality Score stands at 55/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Nexans S.A generated revenue of €7.8B at a net margin of 4.5%. Revenue grew 11.2% year over year. It earns a return on equity of 11.4%. Net debt stands at €266M. Fundamentals as of Jul 20, 2026
Our scenario range runs from €106.24 (bear case) to €200.37 (bull case); at €139.60, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 16% below its 52-week high and 50% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 5%, NEX screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: DCF Models (€138.10) versus Dividend Discount (€29.34). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 46
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Nexans S.A. manufactures and sells cables in France, Canada, Norway, Italy, and internationally. It operates through PWR-Grid & Connect, PWR-Transmission, and Other segments. The company provides cables for the energy distribution networks, as well as equipment cables for buildings.
Full company description
Nexans S.A. manufactures and sells cables in France, Canada, Norway, Italy, and internationally. It operates through PWR-Grid & Connect, PWR-Transmission, and Other segments. The company provides cables for the energy distribution networks, as well as equipment cables for buildings. It also offers design, engineering, financing, asset management, and systems management solutions for offshore wind farms, subsea interconnections, onshore high voltage, and subsea data transmissions; and smart solutions for the oil and gas sector. In addition, the company offers wire rods and electrical wires; and engages in winding wire production operations. The company was formerly known as Atalec and changed its name to Nexans S.A. in October 2000. The company was incorporated in 1994 and is headquartered in Courbevoie, France.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Nexans S.A reported revenue of €7.8B in FY2025 versus €7.4B in FY2021, a compound +1.4%/yr. Reported net income was €352M in FY2025, compounding +21.0%/yr from FY2021.
Watch NEX: get an alert when its fair value changes →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Nexans (ENXTPA:NEX) Could Be 24% Undervalued On Raised Guidance And Republic Wire
- Nexans launches a share buyback program
- Nexans (NEXNY) (H1 2026) Earnings Call Highlights: Strong Growth in Electrification Amid Market ...
- 2026 Half-year results: Nexans delivering on its strategy of profitable growth and raises full-year guidance
Peer Group
Electrical Equipment & Parts · 528 stocks
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.
Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co 3750 | HK$675.50 | HK$391.44 | -42% |
| ABB Ltd ABBN | CHF 83.82 | CHF 35.46 | -58% |
| Delta Electronics (Thailand) Public Company TDED | 10.16 SGD | 1.47 SGD | -86% |
| LG Energy Solution, Ltd 373220 | 334,000 KRW | 201,455 KRW | -40% |
| WEG S.A WEGE3 | 13,210 ARS | 7,948 ARS | -40% |
| Sungrow Power Supply Co 300274 | ¥114.79 | ¥123.83 | +8% |
| Shenzhen Inovance Technology Co 300124 | ¥63.43 | ¥33.04 | -48% |
| HD Hyundai Electric Co 267260 | 823,000 KRW | 371,133 KRW | -55% |
| LS ELECTRIC Co 010120 | 190,000 KRW | 31,517 KRW | -83% |
| Sieyuan Electric Co 002028 | ¥151.73 | ¥71.69 | -53% |
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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.
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