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Employees: 5,940
Size NORMA (NOEJ.DE) is a Germany Industrials company (Industrial Machinery) with a market value of $353M, the 195th largest of 205 Germany companies the cockpit tracks. Shares closed at €13.94 on 6 Nov 2026.
Performance Over six months the shares fell 23.1%, against -8.9% for the median peer and +2.6% for the Germany market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue fell 21.2% over the last twelve months (peer median +5.2%); the operating margin is -4.5% (peer median 7.2%).
Valuation It trades at 45.3× forward earnings against a peer median of 25.7× (3rd most expensive of 10).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is -3%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.7 points below its cost of capital (5.4% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €818M | €822M | €882M | €1.22B | €1.24B |
| Revenue growth | — | -7% | -28% | -2% | — |
| Gross profit | n/a | €48.3M | €114M | €214M | €221M |
| EBITDA | n/a | €47.1M | €71.0M | €151M | €147M |
| Net income | €276M | -€81.8M | €14.7M | €27.8M | €39.1M |
| Free cash flow | n/a | €29.0M | €58.4M | €38.6M | €11.0M |
| Capital expenditure | n/a | €42.4M | €54.9M | €60.7M | €54.5M |
| Total debt | n/a | €400M | €471M | €529M | €539M |
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.
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.
| Measure | NOEJ.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.7% | -10.8% | 7th highest of 21 |
| 6-month return | -23.1% | -8.9% | 6th lowest of 20 |
| Distance from 52-week high | -34.1% | -27.2% | 8th lowest of 21 |
| Revenue growth (TTM) | -21.2% | +5.2% | lowest of 21 |
| Operating margin | -4.5% | 7.2% | 3rd lowest of 21 |
| Forward P/E | 45.3× | 25.7× | 3rd most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | -8.6% | 6.0% | 2nd least demanding of 13 |
| Growth delivered (Del g) | -2.9% | +13.3% | 2nd lowest of 13 |
| Hurdle (Req g minus delivered) | -5.7 pp | -8.1 pp | 6th most demanding of 13 |
| ROIC minus cost of capital | -9.7 pp | +0.1 pp | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| NORMA NOEJ.DE | Germany | $353M | -23% | -21% | -4% | 45.3× | -8.6% | -2.9% |
| Junhe Pumps 603617.SS | China | $352M | -21% | +9% | 5% | n/a | n/a | n/a |
| Mimaki Engineering 6638.T | Japan | $351M | +25% | +1% | 12% | 7.2× | -2.7% | +11.4% |
| ReTech Environmental Solutions 7934.TWO | Taiwan | $350M | n/a | +13% | 16% | n/a | n/a | n/a |
| Shanghai Automobile Air-Conditioner Accessories 603107.SS | China | $357M | -18% | +3% | 6% | n/a | -4.6% | +13.5% |
| Zhejiang Dibay Electric 603320.SS | China | $348M | -36% | -2% | 7% | n/a | 11.5% | +6.3% |
| Ebara Jitsugyo 6328.T | Japan | $347M | -8% | +4% | 15% | 14.6× | -3.3% | +6.4% |
| Guangzhou Tech-Long Packaging Machinery 002209.SZ | China | $359M | -22% | +8% | 8% | n/a | 1.0% | +14.7% |
| Prince Pipes And Fittings PRINCEPIPE.NS | India | $359M | +15% | +5% | 5% | 22.8× | 22.6% | +4.6% |
| Tsubakimoto Kogyo 8052.T | Japan | $359M | +6% | -1% | 5% | n/a | n/a | n/a |
| Trusval Technology 6667.TWO | Taiwan | $346M | -20% | +27% | 11% | 10.9× | 2.1% | +37.4% |
| Sunpower 5GD.SI | Singapore | $360M | +11% | 0% | 22% | n/a | -12.8% | +17.8% |
| Pitti Engineering PITTIENG.NS | India | $361M | -9% | +15% | 11% | 25.7× | n/a | n/a |
| USUN Technology 3498.TWO | Taiwan | $344M | +91% | +38% | 18% | n/a | 13.7% | -6.6% |
| Jash Engineering JASH.NS | India | $362M | +29% | +1% | 12% | 31.3× | 28.8% | +19.8% |
| Bin Chuan Enterprise 1569.TWO | Taiwan | $343M | +25% | -6% | -15% | 56.1× | n/a | n/a |
| Sichuan Kexin Mechanical & Electrical Equipment 300092.SZ | China | $363M | -38% | -1% | 6% | 28.3× | n/a | n/a |
| Sintokogio,Ltd 6339.T | Japan | $342M | +3% | +5% | 2% | n/a | 9.8% | +16.4% |
| Suregiant Technology 7669.TWO | Taiwan | $342M | -39% | +150% | 51% | n/a | n/a | n/a |
| Ningbo Lehui International Engineering Equipment 603076.SS | China | $341M | -41% | +22% | 2% | 117.8× | 34.4% | +13.0% |
| Dalian Zhiyun Automation 300097.SZ | China | $341M | -27% | +33% | -68% | n/a | n/a | n/a |