Nordex SE (NDX1) - Net Assets
Based on the latest financial reports, Nordex SE (NDX1) has net assets worth €1.28 Billion EUR (≈ $1.50 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€6.75 Billion ≈ $7.89 Billion USD) and total liabilities (€5.47 Billion ≈ $6.39 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Nordex SE's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.28 Billion |
| % of Total Assets | 19.01% |
| Annual Growth Rate | 10.97% |
| 5-Year Change | 20.79% |
| 10-Year Change | 36.52% |
| Growth Volatility | 32.06 |
Nordex SE - Net Assets Trend (2013–2025)
This chart illustrates how Nordex SE's net assets have evolved over time, based on quarterly financial data. See how many days can Nordex SE fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Nordex SE (2013–2025)
The table below shows the annual net assets of Nordex SE from 2013 to 2025. For live valuation and market cap data, see Nordex SE (NDX1) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €1.28 Billion ≈ $1.50 Billion |
+28.76% |
| 2024-12-31 | €996.62 Million ≈ $1.17 Billion |
+1.89% |
| 2023-12-31 | €978.12 Million ≈ $1.14 Billion |
+11.40% |
| 2022-12-31 | €878.06 Million ≈ $1.03 Billion |
-17.35% |
| 2021-12-31 | €1.06 Billion ≈ $1.24 Billion |
+37.34% |
| 2020-12-31 | €773.53 Million ≈ $904.34 Million |
+3.78% |
| 2019-12-31 | €745.39 Million ≈ $871.44 Million |
+6.90% |
| 2018-12-31 | €697.29 Million ≈ $815.21 Million |
-24.12% |
| 2017-12-31 | €918.99 Million ≈ $1.07 Billion |
-2.24% |
| 2016-12-31 | €940.01 Million ≈ $1.10 Billion |
+106.33% |
| 2015-12-31 | €455.60 Million ≈ $532.64 Million |
+15.05% |
| 2014-12-31 | €396.00 Million ≈ $462.96 Million |
+7.57% |
| 2013-12-31 | €368.13 Million ≈ $430.39 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Nordex SE's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 743.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €294.06 Million | 23.02% |
| Other Components | €983.38 Million | 76.98% |
| Total Equity | €1.28 Billion | 100.00% |
Nordex SE Competitors by Market Cap
The table below lists competitors of Nordex SE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JAMES HARDIE INDUST.ADR/1
F:JHA0
|
$11.18 Billion |
|
Eurofins Scientific SE
F:ESF0
|
$11.18 Billion |
|
Dayforce Inc.
NYSE:DAY
|
$11.18 Billion |
|
Hyundai Glovis
KO:086280
|
$11.18 Billion |
|
Wise Group plc Class A Ordinary Shares
NASDAQ:WSE
|
$11.17 Billion |
|
Alchip Technologies Ltd
TW:3661
|
$11.17 Billion |
|
AB SKF (publ)
ST:SKF-B
|
$11.17 Billion |
|
Dr. Reddy’s Laboratories Ltd ADR
NYSE:RDY
|
$11.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nordex SE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 990,652,000 to 1,277,440,000, a change of 286,788,000 (28.9%).
- Net income of 274,452,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €274.45 Million | +21.48% |
| Other Changes | €12.34 Million | +0.97% |
| Total Change | €- | 28.95% |
Book Value vs Market Value Analysis
This analysis compares Nordex SE's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.84x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 4.47x to 7.84x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €9.48 | €42.34 | x |
| 2018-12-31 | €7.19 | €42.34 | x |
| 2019-12-31 | €6.99 | €42.34 | x |
| 2020-12-31 | €6.59 | €42.34 | x |
| 2021-12-31 | €6.64 | €42.34 | x |
| 2022-12-31 | €4.14 | €42.34 | x |
| 2023-12-31 | €4.13 | €42.34 | x |
| 2024-12-31 | €4.19 | €42.34 | x |
| 2025-12-31 | €5.40 | €42.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nordex SE utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.63%
- • Asset Turnover: 1.12x
- • Equity Multiplier: 5.29x
- Recent ROE (21.48%) is above the historical average (-7.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 2.78% | 0.72% | 1.20x | 3.24x | €-26.57 Million |
| 2014 | 9.85% | 2.25% | 1.40x | 3.13x | €-593.90K |
| 2015 | 11.47% | 2.15% | 1.66x | 3.20x | €6.71 Million |
| 2016 | 10.14% | 2.81% | 1.13x | 3.19x | €1.35 Million |
| 2017 | 0.04% | 0.01% | 1.10x | 3.06x | €-91.57 Million |
| 2018 | -12.03% | -3.41% | 0.80x | 4.39x | €-153.58 Million |
| 2019 | -9.74% | -2.21% | 0.82x | 5.37x | €-147.11 Million |
| 2020 | -16.77% | -2.79% | 1.05x | 5.70x | €-207.06 Million |
| 2021 | -21.66% | -4.23% | 1.33x | 3.87x | €-336.40 Million |
| 2022 | -56.69% | -8.74% | 1.20x | 5.42x | €-585.57 Million |
| 2023 | -31.01% | -4.67% | 1.20x | 5.55x | €-400.49 Million |
| 2024 | 0.89% | 0.12% | 1.30x | 5.68x | €-90.23 Million |
| 2025 | 21.48% | 3.63% | 1.12x | 5.29x | €146.71 Million |
Industry Comparison
This section compares Nordex SE's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $14,236,722,818
- Average return on equity (ROE) among peers: 9.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nordex SE (NDX1) | €1.28 Billion | 2.78% | 4.26x | $11.17 Billion |
| DB ENERGY S.A. ZY -10 (0CJ) | $25.54 Million | -0.04% | 1.67x | $6.87 Million |
| MORIMATSU INT.H.C. (HK) (1S5) | $5.28 Billion | 13.97% | 0.69x | $983.88 Million |
| 2G Energy AG (2GB) | $52.07 Million | 12.47% | 0.78x | $670.96 Million |
| Eaton Corporation PLC (3EC) | $19.07 Billion | 16.88% | 1.02x | $131.40 Billion |
| M+S HIDRAVLIK AD BW 1 (8Q3) | $122.88 Million | 7.78% | 0.25x | $197.17 Million |
| MERUS POWER OYJ EO 1 (99H) | $12.89 Million | -0.84% | 0.90x | $35.09 Million |
| Aumann AG (AAG) | $189.35 Million | -3.25% | 0.58x | $174.31 Million |
| Atlas Copco A ADR (ACO) | $110.38 Billion | 23.93% | 0.83x | $64.34 Billion |
| ATS CORP. (ATO0) | $985.68 Million | 12.39% | 2.11x | $2.72 Billion |
| Chongqing Machinery & Electric Co. Ltd (CE3) | $6.25 Billion | 8.19% | 1.18x | $388.44 Million |
About Nordex SE
Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines in Europe, North America, Latin America, and internationally. It operates in Projects and Services segments. The company offers Delta4000 and Delta series turbine platforms. It also provides project development; maintenance and repair; spare parts; remote monitoring services for… Read more