Nordwest Handel AG (NWX) Fair Value & Analysis

Industrials · DE · Market cap €52.2M

A solid business, screening 123% undervalued on our models.

What matters now

• The price is below even our cautious bear case (€28.12). The market is more pessimistic than our downside scenario.
• Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range €14.89 – €21.15 · fair‑value band €28.12 – €48.95 · the €16.90 price screens below the €37.66 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Nordwest Handel AG (NWX) currently trades at €16.90, while our model-based Fair Value estimate is €37.66, implying the stock looks roughly 122.8% undervalued today. The Quality Score stands at 50/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Nordwest Handel AG generated revenue of €255M at a net margin of 2.7%. Revenue declined 16.5% year over year. It earns a return on equity of 5.7%. Net debt stands at €34.9M. Fundamentals as of Aug 20, 2026

Our scenario range runs from €28.12 (bear case) to €48.95 (bull case); at €16.90, 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 16% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -42% fair-value upside, at 123%, NWX 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.

Widest divergence: Multiples (€49.77) versus Dividend Discount (€7.44). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

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Peer Group

Industrial Distribution · 107 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 Industrial Distribution 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.

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Frequently asked questions

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.