NSE SA

NSE SA

EEURONEXT:ALNSE
35.40
EUR
+0.10
(+0.28%)
91.74MMarket Cap
Mar 03Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
19.65
19.42
18.28
19.97
20.38
21.21
24.17
22.36
20.98
20.66
24.24
32.62
33.24
- -
Basic EPS, GAAP
0.27
0.02
-0.33
0.29
0.02
0.35
1.86
1.26
1.29
0.96
1.3
1.14
1.62
- -
Free Cash Flow per Basic Share
-157.75
-0.25
0.78
0.18
0.12
0.44
2.58
-0.11
3.84
-0.79
0.77
3.55
0.96
- -
Dividend per Share
85.95
0.09
0.09
- -
- -
- -
- -
0.2
0.2
0.22
0.22
0.25
0.27
- -
Book Value per Share
7.12
6.09
5.75
6.03
6.1
6.44
8.19
9.27
10.6
11.35
12.32
13.15
14.89
13.15
Tangible Book Value per Share
4.3
2.57
2.4
3.85
3.51
4.6
7.01
8.11
9.36
10.08
10.97
11.53
7.08
11.53
Basic Weighted Avg Shares
3
3
3
3
3
3
3
3
3
3
3
3
3
3
Sales/Revenue/Turnover
64
61
57
63
64
67
76
70
67
66
77
104
110
- -
Operating Margin (%)
1.99
0.53
-1.52
2.33
1.13
4.05
14.25
10.3
8.54
4.63
7.05
6.81
8.85
- -
Depreciation Expense
3,626
4
3
4
3
3
3
3
2
3
3
3
4
- -
Net Income, GAAP
1
- -
-1
1
- -
1
6
4
4
3
4
4
5
- -
Effective Tax Rate (%)
- -
- -
- -
12.76
- -
32.6
32.25
29.46
27.83
25.59
23.22
26.79
25.79
- -
Profit Margin (%)
1.37
0.11
-1.81
1.45
0.12
1.63
7.7
5.61
6.13
4.66
5.37
3.5
4.87
- -
Working Capital
19
14
11
12
10
16
21
24
27
27
28
30
38
30
LT Debt
15
11
9
7
4
6
6
4
6
4
5
5
26
5
Total Equity
24
21
20
20
20
21
27
31
34
36
39
42
49
42
Return on Invested Capital (%)
- -
- -
- -
3.67
- -
4.4
17.17
11.87
9.53
6.21
9.48
9.93
8.85
- -
Return on Capital (%)
- -
- -
- -
4.82
- -
4.76
20.07
9.78
10.24
7.58
9.8
7.94
8.78
- -
Return on Common Equity (%)
4.08
0.34
-5.61
4.93
0.39
5.51
25.47
14.39
12.99
8.77
11
8.97
11.75
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
2
2
2
LT Borrowings
3
2
2
LT Finance Leases
2
2
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3
3
3
Market Capitalization
79
64
92

Working Capital

EUR

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
61
75
69
Cash, Cash Equivalents & STI
6
9
14
Accounts Receivable, Net
35
42
33
Inventories
16
20
18
Total Current Liabilities
34
46
39
Payables & Accruals
- -
- -
- -
ST Debt
2
2
2
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.89%
9.86%
17.56%
Free Cash Flow
-325.43%
-760.44%
-71.85%
Net Income, GAAP
154.16%
9.65%
47.17%
Sales/Revenue/Turnover
7.41%
10.15%
5.78%
Total Cash Common Dividend
- -
7.35%
12.09%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
77
2024
- -
- -
104
2025
- -
- -
110

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.3
2024
- -
- -
1.14
2025
- -
- -
1.62

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.22
2024
- -
- -
0.25
2025
- -
- -
0.27

Company Description

CEO
Jérôme Fabre
Full Time Employees
763
Sector
Electronic technology
Industry
Aerospace & defense
Address
La Grand Croix - Domaine de La Croix Abrest AR France 03250
IPO Date
Oct 25, 2006
Business
NSE S.A. designs, manufactures, and sells integrated electronic systems primarily serving the defense, aeronautics, transport, and industrial sectors, as well as consumer, professional, and retail industries. Its core products include on-board equipment and systems such as screens, computers, man-machine interfaces, control units, night vision solutions for helicopters and airplanes (being the leading provider in Europe), flight data recorders, geolocation systems, railway signaling systems, and cabling systems. The company also provides extensive services related to equipment maintenance, remanufacturing of old equipment, supply of spare parts, technical and logistical support, special equipment supply, and after-sales services, particularly focused on the aeronautics sector's maintenance, repair, and overhaul (MRO) needs. NSE operates globally, with significant business in France and exports to other international markets. Founded in 1983, the company is headquartered in Nizerolles, France, and functions as a subsidiary of NSE Participations. In recent major developments, NSE finalized the acquisition of Ametra Intégration in September 2025, a strategic move enhancing its capabilities in electrical and electronic system cabling and integration. This acquisition complements NSE’s existing strengths by adding recognized expertise in electrical and electronic integration, enabling the company to offer a broader range of services spanning design to maintenance with an emphasis on operational excellence and customer proximity in France and internationally. NSE also completed a significant financial transaction in May 2025 involving the sale of treasury shares, signaling ongoing strategic financial management. The company continues to focus on innovation, operational responsiveness, and high-value-added solutions to meet complex technological challenges across its target industries. NSE S.A. targets customers in the defense and aerospace industries, transport and industrial sectors, and consumer electronics markets. Offering tailor-made solutions, NSE supports customers from design through production, installation, maintenance, and associated services, underscoring its comprehensive service model. The group emphasizes high operational standards aligned with industry best practices such as GIFAS standards and maintains a family-oriented corporate culture fostering technical expertise and customer engagement. NSE recorded revenue exceeding €100 million in 2024, supported by around 505 employees, and remains focused on expanding its technological footprint and geographical presence, particularly across European markets.