1. France Stocks

  2. •

    Electronic technology

  3. •

    Aerospace & defense
NSE SA

NSE SA

EEURONEXT:ALNSE
35.40
EUR
+0.10
(+0.28%)
91.74MMarket Cap
Mar 03Next Earn
NSE SA
EURONEXT:ALNSE
(Euronext)

Recent

price

35.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
16.65
45.5
19.38
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
- -
Revenue per Share
1.09
0.86
0.23
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
- -
Basic EPS, GAAP
1.14
-512.74
-200.64
-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
- -
Free Cash Flow per Basic Share
0.25
167.45
148.33
85.95
0.09
0.09
- -
- -
- -
- -
0.2
0.2
0.22
0.22
0.25
0.27
- -
Dividend per Share
9.04
14.96
7.01
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
Book Value per Share
7.69
8.15
4.41
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
Tangible Book Value per Share
1
1
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
Basic Weighted Avg Shares
20
55
64
64
61
57
63
64
67
76
70
67
66
77
104
110
- -
Sales/Revenue/Turnover
7.44
4.72
1.88
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
- -
Operating Margin (%)
1
2,456
3,246
3,626
4
3
4
3
3
3
3
2
3
3
3
4
- -
Depreciation Expense
1
1
1
1
- -
-1
1
- -
1
6
4
4
3
4
4
5
- -
Net Income, GAAP
- -
21.33
0.5
- -
- -
- -
12.76
- -
32.6
32.25
29.46
27.83
25.59
23.22
26.79
25.79
- -
Effective Tax Rate (%)
6.53
1.89
1.19
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
- -
Profit Margin (%)
8
23
22
19
14
11
12
10
16
21
24
27
27
28
30
38
30
Working Capital
1
17
16
15
11
9
7
4
6
6
4
6
4
5
5
26
5
LT Debt
11
24
25
24
21
20
20
20
21
27
31
34
36
39
42
49
42
Total Equity
- -
8.02
4.66
- -
- -
- -
3.67
- -
4.4
17.17
11.87
9.53
6.21
9.48
9.93
8.85
- -
Return on Invested Capital (%)
- -
2.16
1.5
- -
- -
- -
4.82
- -
4.76
20.07
9.78
10.24
7.58
9.8
7.94
8.78
- -
Return on Capital (%)
- -
7.39
3.89
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
- -
Return on Common Equity (%)

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
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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.