| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 26.02 | 77 |
| Intrinsic value (DCF) | 5.96 | -59 |
| Graham-Dodd Method | 5.30 | -64 |
| Graham Formula | 1.28 | -91 |
NORMA Group SE is a leading global manufacturer of engineered joining technology solutions, headquartered in Maintal, Germany. Operating across Europe, the Middle East, Africa, the Americas, and the Asia-Pacific, the company specializes in quick connectors, hose clamps, retaining clamps, and pipe couplings under well-known brands such as ABA, Breeze, Clamp-All, and NORMA. Serving diverse industries including water management, e-mobility thermal management, and commercial and passenger vehicles, NORMA Group distributes its products through a robust network of distributors, OEM aftermarket customers, wholesalers, and retailers. Founded in 1896, the company has built a strong reputation for innovation and reliability in the metal fabrication sector, positioning itself as a key player in the industrials space. With a market capitalization of approximately €370 million, NORMA Group continues to expand its global footprint while maintaining a focus on sustainable and efficient joining solutions.
NORMA Group SE presents a mixed investment profile. On the positive side, the company operates in a niche but essential segment of the industrials sector, with a diversified global presence and strong brand recognition. Its revenue of €1.16 billion and operating cash flow of €137 million in the latest fiscal year indicate stable operational performance. However, the company's net income of €14.7 million and diluted EPS of €0.46 reflect modest profitability, while a beta of 1.196 suggests higher volatility compared to the broader market. The dividend yield, with a payout of €0.40 per share, may appeal to income-focused investors, but the company's total debt of €455.3 million against cash reserves of €127.1 million warrants caution. Investors should weigh NORMA Group's established market position against its moderate profitability and leverage.
NORMA Group SE competes in the engineered joining technology market, where its strengths lie in its extensive product portfolio, global distribution network, and strong brand equity. The company's diversified applications—spanning water management, e-mobility, and automotive sectors—provide resilience against industry-specific downturns. However, its competitive positioning is challenged by larger industrial conglomerates with greater financial resources and vertical integration capabilities. NORMA Group's focus on specialized joining solutions differentiates it from broader competitors, but its relatively smaller scale may limit its ability to compete on price in commoditized segments. The company's innovation in areas like e-mobility thermal management could be a key growth driver, though it faces stiff competition from both established players and agile regional manufacturers. Its moderate profitability and leverage ratios suggest room for operational improvements to enhance competitiveness.