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Nedap N.VNEDAP.ASCompetitor analysis, valuation and peers

Netherlands · EUR·Information Technology›Computer Communications
Momentum neutral 58
Mkt cap
$691M
US dollars, full cap
Free float
40%
of shares outstanding
$/day
$734,898
20-day average traded
Fwd P/E
19.8×
forward earnings
ROIC−WACC
+27.7 pp
WACC 5.5%
Hurdle
-12 pp
Req g minus delivered
Next earnings
109 days
23 Feb 2027
Close · EUR€95.00
1D-0.1%
1W+5.6%
1M+4.9%
3M-1.9%
6M+6.4%
YTD+5.7%
1Y-2.8%
ATR %2.3%
52w lowhigh7.4% off high

What Nedap does

Employees: 1,032

Nedap at a glance

Size Nedap (NEDAP.AS) is a Netherlands Information Technology company (Computer Communications) with a market value of $691M, the 53rd largest of 61 Netherlands companies the cockpit tracks. Shares closed at €95.00 on 6 Nov 2026.

Performance Over six months the shares gained 6.4%, against -6.0% for the median peer and +0.4% for the Netherlands market (cap-weighted) — 7th highest of 21 in its peer set.

Growth Revenue grew 13.2% over the last twelve months (peer median +5.9%); the operating margin is 12.2% (peer median 2.6%).

Valuation It trades at 19.8× forward earnings against a peer median of 18.1× (7th most expensive of 15).

Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -12 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 27.7 points above its cost of capital (5.5% WACC).

Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026NEDAP.AS 106Peer median 92
Six months, rebased to 100: Nedap against the median of its 20 peers (local-currency closes).

Nedap financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€297M€280M€252M€262M€229M
Revenue growth—+11%-4%+14%—
Gross profit€72.1M€65.8M€55.0M€59.0M€53.0M
EBITDA€48.9M€43.0M€34.4M€37.9M€32.9M
Net income€28.4M€24.6M€18.5M€21.6M€18.7M
Free cash flow€43.3M€36.6M€18.0M€20.1M€7.93M
Capital expenditure€11.6M€10.1M€15.1M€18.4M€11.6M
Total debtn/a€4.42M€15.7M€15.8M€16.1M

Quarterly statements and history in the cockpit →

Nedap competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%60338667413029421200244667452392300557688004300951ALLT3704300698300659RDWR301337178320BIG300884002960NEDAP.AS6-month return →1-month return →
Up and to the right = strong over both horizons. Nedap is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%+75%20×40×603386674130290024466745300951ALLT3704300698300659RDWRBIG300884002960NEDAP.ASRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Nedap is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%6741302942120024466745300557688004ALLT3704300698300659RDWR002960NEDAP.ASGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Nedap is the large dot.

Nedap competitors and peer comparison

How Nedap compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Nedap against its 20 peers (data as of 6 Nov 2026)
MeasureNEDAP.ASPeer medianRank in peer set
1-month return+4.9%-10.1%3rd highest of 21
6-month return+6.4%-6.0%7th highest of 21
Distance from 52-week high-7.4%-33.2%highest of 21
Revenue growth (TTM)+13.2%+5.9%6th highest of 21
Operating margin12.2%2.6%highest of 21
Forward P/E19.8×18.1×7th most expensive of 15
Growth the price implies (Req g, 7 yrs)-3.6%23.1%4th least demanding of 14
Growth delivered (Del g)+8.1%+3.8%5th highest of 14
Hurdle (Req g minus delivered)-11.6 pp+20.5 pp3rd least demanding of 14
ROIC minus cost of capital+27.7 pp-3.8 pphighest of 21
EV / EBITDA12.6×8.8×3rd most expensive of 6
Net debt / EBITDA0.0×-1.4×2nd most indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Nedap NEDAP.ASNetherlands$691M+6%+13%12%19.8×-3.6%+8.1%
Guangdong Champion Asia Electronics 603386.SSChina$670M+3%+15%3%36.2×n/an/a
Nippon Signal 6741.TJapan$645M-3%+10%11%8.8×-7.9%+4.2%
Zero One Technology 3029.TWTaiwan$566M+10%+76%6%14.3×-9.2%+20.4%
Sekisui Jushi 4212.TJapan$516M+28%+5%7%n/a1.8%+3.8%
Guangdong Shenglu Telecommunication Tech 002446.SZChina$928M-32%-10%0%16.9×43.5%+1.0%
Hochiki 6745.TJapan$952M0%+5%12%14.7×-0.1%+6.7%
Cheng Uei Precision Industry 2392.TWTaiwan$499M-8%-10%-12%n/an/an/a
Wuhan Ligong Guangke 300557.SZChina$461M-28%+3%5%n/a31.7%+11.1%
Beijing Bohui Science & Technology 688004.SSChina$455M+63%-33%-42%n/a39.5%-9.9%
Shenzhen BSC Technology 300951.SZChina$1.11B+33%+16%-5%19.3×n/an/a
Allot ALLTUnited States$422M+10%+14%7%24.2×23.1%-5.6%
Zyxel 3704.TWTaiwan$414M-4%+5%5%9.1×-5.7%+2.6%
Wanma Technology 300698.SZChina$397M-48%+6%3%30.8×32.9%+8.5%
Zhongfu Information 300659.SZChina$384M-24%-28%-27%7.2×35.0%-6.1%
Radware RDWRUnited States$1.26B+9%+11%4%22.0×32.4%+3.8%
Yarward Electronics 301337.SZChina$360M-16%+20%-10%n/an/an/a
Seojin System 178320.KSSouth Korea$1.33B-52%+9%-5%n/an/an/a
Big Technologies BIG.LUnited Kingdom$353M-14%+7%-36%14.0×n/an/a
Dnake (Xiamen) Intelligent Technology 300884.SZChina$351M-27%+6%-8%47.0×n/an/a
Jade Bird Integrated Technologies 002960.SZChina$1.40B-12%-5%6%23.8×12.0%+13.2%

Questions

Which companies are Nedap's closest peers?
The cockpit's peer set: Guangdong Champion Asia Electronics (603386.SS), Nippon Signal (6741.T), Zero One Technology (3029.TW), Sekisui Jushi (4212.T), Guangdong Shenglu Telecommunication Tech (002446.SZ), Hochiki (6745.T), Cheng Uei Precision Industry (2392.TW), Wuhan Ligong Guangke (300557.SZ).
Is Nedap expensive compared with its peers?
On forward p/e it trades at 19.8× against a peer median of 18.1×, 7th most expensive of 15 in its peer set. For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -12 pp: the price already allows for a slowdown.
How has Nedap stock performed?
Over six months to 6 Nov 2026 the shares returned +6.4% against -6.0% for the median peer; over one year -2.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.