Nordwest Handel AG (NWX) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Nordwest Handel AG €32.11, price €16.70, upside +92.3%, quality 48 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range €14.89 – €21.15 · fair‑value band €27.90 – €35.62 · the €16.70 price screens below the €32.11 fair value. Dashed = 300-day average. As of Oct 3, 2026.
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Nordwest Handel AG provides procurement, logistics, and sales services. The company offers smoke protection, garage, house, interior wooden, metal, and security doors; industrial gates, residential roof windows, awnings, meshes, and stairs.
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Nordwest Handel AG provides procurement, logistics, and sales services. The company offers smoke protection, garage, house, interior wooden, metal, and security doors; industrial gates, residential roof windows, awnings, meshes, and stairs. It provides loppers, handles, mixers, steel nails, buckets and tubs, gardening and landscaping, construction tools, shovels, wheelbarrows, hedge clippers, shredders, building site, tar, asphalt, and forestry equipment; and surveying technology related products; safe locks, access control, cylinders, electrical door opener, furniture and skylight fittings; railing, shelving, automatic door, and escape route safety system; door and gate fittings, ventilation, door locking, and window technology door products. In addition, the company provides fastening chemicals, dowels, wood and chipboard screws, and heavy load fastening; and steel products. Further, it offers head, eye, respiratory protection, and ear defenders, protective footwear, work and protective clothing, first aid equipment, environmental and heat protection, skin protection, cleaning and care, personal protective equipment and hand protection products; gardening and landscaping, laser measuring systems, cleaning devices, generators, woodworking, compressed air tools, metal processing, cordless, and power tools; drilling, milling, threading, indexable insert, supplementary machining, and threading tools; and countersinking tools. Additionally, the company provides angle finders, stopwatches, folding rules, spirit levels, tape measures, abrasive paper, fabric/sanding belts; diamond cutting, fan-type, non-woven, cutting and roughening discs, engineer files, key and diamond files, machine, and hand brushes, and marketing services. It sells its products under the Promat and Delphis brands. The company was founded in 1919 and is headquartered in Dortmund, Germany. Nordwest Handel AG operates as a subsidiary of Dr. Helmut Rothenberger Holding GmbH.
Stock analysis
Nordwest Handel AG (NWX) currently trades at €16.70, while our model-based Fair Value estimate is €32.11, implying the stock looks roughly 48.0% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €49.77 per share, and 12 of the 14 models we run sit above the €16.70 price.
Bear case: the Dividend Discount group reads lowest at €7.44, and 2 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: €27.90 (bear) to €35.62 (bull), the price of €16.70 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 48/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Nordwest Handel AG reported revenue of €272M in FY2025 versus €759M in FY2021, a compound −22.6%/yr. Reported net income was €7.6M in FY2025, compounding −3.9%/yr from FY2021.
Key figures
Market cap €53.5M · P/E ratio 8.7 · P/S ratio 0.24 · EPS (TTM) €1.91 · Dividend yield 6.0% · Net margin 2.8% · Return on equity 5.1% · Return on assets (EBIT) 6.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at 92%, NWX screens cheaper than that median.
Fair Value models
Bear €27.90Fair Value €32.11Bull €35.62
Price €16.70 · Upside +92.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.6931 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.Evidence ⓘEvidence = 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.14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−3.9%
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.
−32.8%
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.
−11.9%
Start year 2020 (pandemic). Over 10 years: −3.6% a year
Revenue growth 12 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.
−3.4%
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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.
+5.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.3%
Dividend (yield on the price)6.0%
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.−0.3% vs 4.9%, slowing
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.2% → 6%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 5.3%/yr over ~7Y (margins intact) ⓘ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.Industrial Distribution · 111 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Bottom 25%
Fair Value upside+92.3% · Top 25%
Profitability
Return on equity (TTM)5.1% · Below median
Return on assets1.3% · Bottom 25%
Net margin (TTM)2.5% · Below median
Operating margin (TTM)4.4% · Below median
Growth and dividend
Revenue growth−13.1% · Bottom 25%
Dividend yield (TTM)6.0% · Top 25%
Balance sheet
Debt / equity0.15× · Below median
Valuation Multiplesvs Industrial Distribution median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Nordwest Handel AG Fair Value". https://www.fairvalue-calculator.com/stock/NWX
Frequently asked questions
Is Nordwest Handel AG (NWX) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of €32.11 versus a price of €16.70, about +92% upside (undervalued).
What is the fair value of NWX?
Our model-based fair value for Nordwest Handel AG is €32.11 (as of Oct 3, 2026), built from audited fundamentals. The current price: €16.70.
What is the quality score of NWX?
Nordwest Handel AG has a Quality Score of 48/100. 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 Nordwest Handel AG (NWX)?
Our model-based price target is the fair value of €32.11 (as of Oct 3, 2026) from 14 valuation models. Cautious scenario €27.90, optimistic scenario €35.62. It is a calculation from audited fundamentals, not an analyst target.
What is the Nordwest Handel AG stock forecast for 2026?
Our models put fair value at €32.11, about +92% upside versus a price of €16.70 (undervalued). Cautious scenario €27.90, optimistic scenario €35.62. The calculation is refreshed regularly with new filings.
What is the revenue of Nordwest Handel AG (NWX)?
Nordwest Handel AG reported trailing-twelve-month revenue of about €246M (latest available figure, as of Oct 3, 2026).
Does Nordwest Handel AG pay a dividend?
Nordwest Handel AG currently shows a dividend yield of about 5.99% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of Nordwest Handel AG (NWX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nordwest Handel AG it is €32.11 per share (as of Oct 3, 2026), against a price of €16.70. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Nordwest Handel AG stock overvalued or undervalued in 2026?
As of Oct 3, 2026, NWX trades below its calculated fair value: price €16.70, fair value €32.11, a gap of about +92% (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 NWX?
No. The price is what the market pays today (€16.70); the fair value is what the company's own numbers justify (€32.11). For Nordwest Handel AG the two are €15.41 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nordwest Handel AG worth?
The market values Nordwest Handel AG at about €53.5M (market capitalisation, as of Oct 3, 2026). Per share that is €16.70; our models calculate a fair value of €32.11 per share.
What do the bullish and bearish scenarios say about NWX?
Our models span a range for Nordwest Handel AG: cautious scenario €27.90, base €32.11, optimistic €35.62 per share (as of Oct 3, 2026, price €16.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NWX?
Nordwest Handel AG trades at a price-to-earnings ratio of 8.7 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €32.11 is built from several models across several years. Other multiples: P/B 0.5, P/S 0.2, EV/EBITDA 5.9.
How solid is the balance sheet of Nordwest Handel AG (NWX)?
Balance-sheet figures for Nordwest Handel AG (as of Oct 3, 2026): return on equity 5.1%, debt of 0.15 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is NWX from its 52-week high?
Nordwest Handel AG trades at €16.70, about 16% below its 52-week high of €19.86 and 8% above the low of €15.50 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €32.11 is for.
Which stocks are comparable to Nordwest Handel AG?
From the same area (Industrials) we also value W.W. Grainger, Inc, Fastenal Company, Ferguson Enterprises Inc, WESCO International, Inc, 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 Nordwest Handel AG stock attractive at the current price?
The data as of Oct 3, 2026: price €16.70, calculated fair value €32.11 (+92%), Quality Score 48/100, from 14 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 NWX calculated?
We run Nordwest Handel AG through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €32.11, 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 15.0 % above its aggregate fair value. Nordwest Handel AG currently trades 48 % 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 Nordwest Handel AG (NWX)?
The closing price on Oct 2, 2026 was €16.70. Our model-based fair value is €32.11, about +92% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nordwest Handel AG right now?
The price is below even our cautious bear case (€27.90). The market is more pessimistic than our downside scenario. Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Nordwest Handel AG
How large is the market capitalisation of Nordwest Handel AG (NWX)?
The market capitalisation of Nordwest Handel AG is €53.5M. 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 Nordwest Handel AG (NWX)?
The price-to-sales ratio of Nordwest Handel AG is 0.24 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nordwest Handel AG (NWX)?
Earnings per share at Nordwest Handel AG are €1.91 (price ÷ EPS = P/E 8.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nordwest Handel AG (NWX)?
The dividend yield of Nordwest Handel AG is 6.0% (payout 52.4%). 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 Nordwest Handel AG (NWX)?
The net margin of Nordwest Handel AG is 2.8% (fiscal year 2025). 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 Nordwest Handel AG (NWX)?
The return on equity (ROE) of Nordwest Handel AG is 5.1% (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 Nordwest Handel AG (NWX)?
On an EBIT basis the return on assets of Nordwest Handel AG is 6.3% (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 Nordwest Handel AG (NWX)?
The operating margin of Nordwest Handel AG is 4.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nordwest Handel AG (NWX)?
Revenue at Nordwest Handel AG is growing −13.1% versus a year earlier (3y avg −32.8%). 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 Nordwest Handel AG (NWX)?
Earnings per share at Nordwest Handel AG are growing −33.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Nordwest Handel AG (NWX) generate?
The free cash flow of Nordwest Handel AG is −€3.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Nordwest Handel AG (NWX) carry?
The net debt of Nordwest Handel AG is €34.9M (fiscal year 2025). 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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