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Novem Group (NVM) Fair Value & Analysis

Consumer Cyclical · DE · Market cap €108M

NG Novem Group NVM · XETRA
Price€2.48
Fair Value€5.26
Upside+112.1%
Quality57/100
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Weak Growth
Thin margins · 2.2% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/12)
Narrow moat 37/100
Evidence: High Range €3.33 – €7.19 Share as image

Fair value as of: Jul 19, 2026

From 24 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from €4.30 to €5.26 (+22.3%) since Jul 17, 2026. Share price −5.3% over the past month.

A solid business, screening 112% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€3.33). The market is more pessimistic than our downside scenario.
  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€3.33 to €7.19) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€16.67 €2.46 Fair Value €5.26 Jul 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range €2.46 – €16.67 · fair‑value band €3.33 – €7.19 · the €2.48 price screens below the €5.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Novem Group (NVM) currently trades at €2.48, while our model-based Fair Value estimate is €5.26, implying the stock looks roughly 112.1% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical 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, Novem Group generated revenue of €523M at a net margin of 2.2%. Revenue grew 4.7% year over year. It earns a return on equity of 12.0%. Net debt stands at €112M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €3.33 (bear case) to €7.19 (bull case); at €2.48, the current price sits below 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 share trades about 44% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 112%, NVM 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.

Model 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. Evidence
Highest evidence
Growth DCF €11.67 €13.48 €16.17 80
Residual Income €1.85 €2.04 €2.47 76
Rev-Margin DCF €9.51 €11.35 €13.69 74
All 24 models by family
DCF Models
FCF DCF €11.49 €13.41 €16.51 38
Owner Earnings €9.02 €10.31 €12.38 31
5Y Revenue Exit €9.51 €11.14 €13.49 39
5Y EBITDA Exit €12.25 €15.87 €20.67 41
5Y P/E Exit €9.54 €11.18 €13.17 38
10Y Revenue Exit €10.34 €11.50 €12.67 36
10Y EBITDA Exit €11.84 €14.00 €16.26 37
10Y P/E Exit €10.43 €11.52 €12.51 35
Earnings-Based
Graham-Dodd €1.78 €2.17 €2.44 54
EPV €5.63 €5.82 €5.97 59
Dividend Discount
Gordon GGM €8.01 €8.56 €9.37 70
DDM Multi-Stage €8.01 €9.27 €10.85 61
Multiples
P/E Multiple €4.31 €5.75 €7.19 63
P/S Multiple €3.33 €4.44 €5.56 58
P/B Multiple €3.33 €4.44 €5.56 55
EV/EBIT €9.97 €11.94 €13.91 53
EV/EBITDA €14.42 €17.87 €21.32 54
EV/Revenue €8.05 €9.75 €11.46 43
Asset-Based
NCAV (Graham) €1.10 €1.47 €2.20 50
Growth DCF
Growth DCF €11.67 €13.48 €16.17 80
Rev-Margin DCF €9.51 €11.35 €13.69 74
Economic Profit
Residual Income €1.85 €2.04 €2.47 76
ROIC Compounder €5.63 €5.82 €5.97 72
Growth Earnings
Growth-Adj P/E €3.04 €4.34 €5.65 68

Widest divergence: DCF Models (€11.50) versus Asset-Based (€1.47). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €511M
Revenue growth (YoY) +0.4%
Net margin 2.2%
Return on equity 11.9%
Free cash flow €44.2M FY2026
P/E ratio 9.7
More key figures
Operating margin 3.8%
EPS (TTM) €0.2600
EPS growth (YoY) -69.0%
Net debt €112M FY2026

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 55 · Market factors (momentum, volatility) 22

Profitability 49
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

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.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Novem Group 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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
€511M
Latest YoY
−5.6%
Avg. growth/yr (3Y) 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.
−10.0%
Avg. growth/yr (5Y) 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.
−3.3%
Avg. growth/yr (7Y) 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.
−4.6%
Revenue −4.5%/yr
FY22 €615M
FY23 €700M
FY24 €636M
FY25 €541M
FY26 €511M
Net income −28.9%/yr
FY22 €44.0M
FY23 €50.0M
FY24 €34.8M
FY25 €11.1M
FY26 €11.3M

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Cite: Fair Value Calculator (2026). "Novem Group Fair Value". https://www.fairvalue-calculator.com/stock/NVM

Peer Group

Auto Parts · 642 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.

Quality Score 57 · Above median
Fair Value upside +112% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 0% · Below median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 9.7× · Cheaper than 75% of peers
P/B 1.32× · Cheaper than median
P/S (TTM) 0.25× · Cheaper than 75% of peers
P/FCF 2.8× · Pricier than median

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.

VALUE 100 · sector 16
FUTURE 2 · sector 23
PAST 48 · sector 26
HEALTH 100 · sector 95
DIVIDEND 0 · sector 30

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

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Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
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Frequently asked questions

Is Novem Group (NVM) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €5.26 versus a price of €2.48, about +112% (undervalued).
What is the fair value of NVM?
Our model-based fair value for Novem Group is €5.26 (as of Jul 19, 2026), built from audited fundamentals. The current price is €2.48.
What is the quality score of NVM?
Novem Group has a Quality Score of 57/100. 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 revenue of Novem Group (NVM)?
Novem Group reported trailing-twelve-month revenue of about €523M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of NVM?
The net profit margin of Novem Group is about 2.2%, meaning it keeps roughly 2.2% of revenue as net income. 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.

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