Financials nVent Electric plc

Equities

NVT

IE00BDVJJQ56

Electrical Components & Equipment

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
75.69 USD +1.68% Intraday chart for nVent Electric plc +5.67% +28.09%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,327 3,962 6,392 6,409 9,804 12,561 - -
Enterprise Value (EV) 1 5,285 4,788 7,341 7,194 11,367 13,800 13,447 13,079
P/E ratio 19.8 x -83.2 x 23.6 x 16.2 x 17.5 x 27.7 x 24.7 x 23.1 x
Yield 2.74% 3.01% 1.84% 1.82% 1.18% 0.98% 1.12% 1.23%
Capitalization / Revenue 1.96 x 1.98 x 2.6 x 2.2 x 3 x 3.52 x 3.35 x 3.21 x
EV / Revenue 2.4 x 2.4 x 2.98 x 2.47 x 3.48 x 3.87 x 3.58 x 3.34 x
EV / EBITDA 11.5 x 12.4 x 15.4 x 11.3 x 14.7 x 16.1 x 14.8 x 13.2 x
EV / FCF 17.8 x 15.7 x 22 x 20.6 x 24.9 x 27.1 x 25 x 22.3 x
FCF Yield 5.63% 6.35% 4.55% 4.85% 4.02% 3.69% 3.99% 4.48%
Price to Book 1.71 x 1.64 x 2.58 x 2.37 x 3.16 x 3.58 x 3.2 x 2.87 x
Nbr of stocks (in thousands) 169,150 170,118 168,200 166,587 165,912 165,955 - -
Reference price 2 25.58 23.29 38.00 38.47 59.09 75.69 75.69 75.69
Announcement Date 2/5/20 2/9/21 2/8/22 2/7/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,204 1,999 2,462 2,909 3,264 3,567 3,752 3,919
EBITDA 1 459.7 386 476.7 637.8 772.3 858.8 910 991
EBIT 1 424.3 347.6 435.8 523.6 720.6 801.7 861.2 916.2
Operating Margin 19.25% 17.39% 17.7% 18% 22.08% 22.48% 22.95% 23.38%
Earnings before Tax (EBT) 1 257.4 -9.5 320.7 472.6 499.5 587 629.2 644
Net income 1 222.7 -47.2 272.9 399.8 567.1 449.1 504.9 538
Net margin 10.1% -2.36% 11.08% 13.74% 17.38% 12.59% 13.46% 13.73%
EPS 2 1.290 -0.2800 1.610 2.380 3.370 2.737 3.070 3.270
Free Cash Flow 1 297.5 304 333.8 348.7 457.1 509.3 537 586
FCF margin 13.5% 15.21% 13.56% 11.99% 14.01% 14.28% 14.31% 14.95%
FCF Conversion (EBITDA) 64.72% 78.76% 70.02% 54.67% 59.19% 59.31% 59.01% 59.13%
FCF Conversion (Net income) 133.59% - 122.32% 87.22% 80.6% 113.42% 106.36% 108.92%
Dividend per Share 2 0.7000 0.7000 0.7000 0.7000 0.7000 0.7450 0.8463 0.9340
Announcement Date 2/5/20 2/9/21 2/8/22 2/7/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 642.8 669 694.7 727.5 745.2 741.6 740.6 803 858.8 861.2 864.7 891.1 905.6 903.2 913.3
EBITDA 1 128.2 121.2 120.9 136.1 149.8 172.5 159.1 193.2 215.1 204.9 197.2 217.5 226.6 215.6 202.6
EBIT 1 118.2 110.3 110.2 125.2 121 144.2 148 181.3 202 189.3 184.8 205.2 211.8 202.6 199.2
Operating Margin 18.39% 16.49% 15.86% 17.21% 16.24% 19.44% 19.98% 22.58% 23.52% 21.98% 21.37% 23.03% 23.39% 22.43% 21.82%
Earnings before Tax (EBT) 1 88.9 80.5 82.3 96 111.9 182.4 115.1 134.1 129.3 121 130.4 151.8 160.6 139.1 -
Net income 1 74.3 67 67.8 79.9 93.4 158.7 93.8 112.9 105.5 254.9 97.89 114.1 122.6 110.4 110.8
Net margin 11.56% 10.01% 9.76% 10.98% 12.53% 21.4% 12.67% 14.06% 12.28% 29.6% 11.32% 12.8% 13.54% 12.23% 12.13%
EPS 2 - 0.3900 0.4000 0.4800 0.5500 0.9400 0.5600 0.6700 0.6300 1.510 0.6050 0.7000 0.7500 0.6750 0.6900
Dividend per Share 2 0.1750 0.1750 0.1750 0.1750 0.1750 - 0.1750 0.1750 0.1750 0.1750 0.1950 0.1930 0.1931 0.1941 0.2145
Announcement Date 10/28/21 2/8/22 4/29/22 7/29/22 10/28/22 2/7/23 4/28/23 7/28/23 10/27/23 2/6/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 958 826 950 786 1,564 1,239 886 518
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.084 x 2.139 x 1.992 x 1.232 x 2.025 x 1.443 x 0.9732 x 0.5229 x
Free Cash Flow 1 298 304 334 349 457 509 537 586
ROE (net income / shareholders' equity) - 10.2% 13.6% 15.5% 19.3% 16.1% 15.3% 14.8%
ROA (Net income/ Total Assets) 6.71% - - - 9.31% 9.25% 9.41% 8.84%
Assets 1 3,319 - - - 6,093 4,855 5,364 6,083
Book Value Per Share 2 15.00 14.20 14.70 16.20 18.70 21.10 23.70 26.40
Cash Flow per Share 2 - - - - - 3.800 5.210 5.610
Capex 1 38.8 40 39.5 45.9 71 90.3 91.4 91.4
Capex / Sales 1.76% 2% 1.6% 1.58% 2.18% 2.53% 2.43% 2.33%
Announcement Date 2/5/20 2/9/21 2/8/22 2/7/23 2/6/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
75.69 USD
Average target price
80.91 USD
Spread / Average Target
+6.90%
Consensus
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