Nabaltec AG

Nabaltec AG

10.85
EUR
-0.05
(-0.46%)
0.92EPS
14.18P/E
115.28MMarket Cap
Nov 19Next Earn
Nabaltec AG
MUN:NTG
(Munich Stock Exchange)

Recent

price

10.85

P/E

ratio

14.18

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
13.94
16.29
16.34
16.73
18.21
19.25
20.16
20.68
20.31
20.51
18.3
21.55
25.25
23.05
23.56
22.68
22.76
Revenue per Share
0.26
0.44
0.26
0.33
0.69
0.84
0.67
1.39
1.17
1.22
-2.23
1.85
3
1.3
1.62
1.1
0.92
Basic EPS, GAAP
0.97
-0.24
1.36
0.9
1.37
0.76
1.15
0.28
-1.26
0.27
1.59
3
2.46
0.27
0.34
-1.03
-1.29
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.06
0.12
0.15
0.15
0.18
0.2
0.15
- -
0.25
0.28
0.28
0.29
- -
Dividend per Share
5.76
6.25
6.18
6.39
6.58
7.19
7.15
9.61
10.88
11.24
8.73
10.97
15.17
16.11
17.41
17.99
18.29
Book Value per Share
5.74
6.22
6.15
6.36
6.53
7.12
7.09
9.56
10.83
11.19
8.68
10.92
15.1
16.01
17.24
17.81
18.12
Tangible Book Value per Share
8
8
8
8
8
8
8
8
9
9
9
9
9
9
9
9
9
Basic Weighted Avg Shares
113
130
131
134
146
154
161
170
179
181
161
190
222
203
207
200
201
Sales/Revenue/Turnover
5.81
9.76
7.98
8.1
8.91
9.77
7.89
12
10.53
10.53
-9.95
13.16
14.12
9.81
11.22
8.69
7.47
Operating Margin (%)
8
8
9
9
10
10
11
12
12
14
39
13
13
13
12
12
13
Depreciation Expense
2
4
2
3
5
7
5
11
10
11
-20
16
26
11
14
10
8
Net Income, GAAP
- -
26.64
26.86
20.18
28.76
31.41
42.33
27.23
34.74
32.88
- -
28.63
3.93
29.25
29.33
26.75
23.16
Effective Tax Rate (%)
1.86
2.69
1.57
1.98
3.77
4.36
3.31
6.73
5.76
5.93
-12.21
8.57
11.87
5.63
6.88
4.85
4.06
Profit Margin (%)
21
16
7
32
29
43
42
61
55
27
54
19
121
144
122
129
79
Working Capital
65
69
55
71
61
71
71
70
70
39
59
- -
90
90
90
90
48
LT Debt
42
47
47
50
52
58
58
85
96
99
77
96
133
142
153
158
161
Total Equity
- -
7.54
5.87
6.33
6.61
6.94
4.79
8.88
7.35
7.29
- -
11.97
14.43
5.62
6.56
4.49
3.94
Return on Invested Capital (%)
- -
6.32
4.42
4.92
5.89
6.12
5.03
9.05
7.5
7.48
- -
12.02
14.95
6.34
7.37
5.05
4.41
Return on Capital (%)
4.64
7.28
4.13
5.26
10.59
12.18
9.32
16.15
11.41
10.99
-22.36
18.76
22.94
8.3
9.67
6.21
5.19
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
2
46
LT Borrowings
90
90
45
LT Finance Leases
- -
4
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
9
9
Market Capitalization
107
90
115

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
148
149
147
Cash, Cash Equivalents & STI
89
92
91
Accounts Receivable, Net
3
6
5
Inventories
51
43
40
Total Current Liabilities
19
23
68
Payables & Accruals
- -
- -
- -
ST Debt
1
2
46
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.15%
16.3%
3.31%
Free Cash Flow
-62.24%
-78.52%
-399.83%
Net Income, GAAP
-38.04%
-36.9%
-32.16%
Sales/Revenue/Turnover
3.02%
4.94%
-3.75%
Total Cash Common Dividend
- -
- -
3.57%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
55
55
50
47
207
2025
56
53
49
42
200
2026
54
56
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.39
0.46
0.42
0.36
1.62
2025
0.31
0.35
0.39
0.05
1.1
2026
0.2
0.29
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.28
2025
- -
- -
- -
- -
0.29
2026
- -
- -
- -
- -
- -
Business
Nabaltec AG develops, manufactures, and distributes specialized products based on aluminum hydroxide and aluminum oxide; operates through two segments, Functional Fillers and Specialty Alumina; and serves industries including plastics, cables, technical ceramics, refractories, catalysts, polishing, and electromobility. In the Functional Fillers segment, the company produces non-halogenated flame-retardant fillers such as APYRAL® for polymer applications in cables, electronic devices, conveyor belts, and construction materials; thermally conductive fillers like APYRAL® HC for gap fillers and electric vehicles; boehmites including APYRAL® AOH and ACTILOX® for catalysts and flame retardancy; surface-treated fillers; and processing aids like ACTILOX® PA. The Specialty Alumina segment provides calcined aluminas under NABALOX® for ceramics, refractories, catalysts, and polishing media, as well as ceramic bodies like GRANALOX® for technical ceramics and ballistic applications. Founded in 1994 and headquartered in Schwandorf, Germany, Nabaltec maintains production sites in Germany and the United States, with sales subsidiaries including Nabaltec USA Corporation and Naprotec LLC in Texas and Tennessee, respectively, Nabaltec (Shanghai) Trading Co., Ltd. in China, and operations across Europe, the Americas, and Asia. In its 2024 financial year, Nabaltec reported preliminary revenues of EUR 203.6 million, up 1.7% from the prior year, with EBIT rising 21.4% to EUR 22.3 million and an EBIT margin of 10.8%, driven by volume growth in Functional Fillers despite pricing pressures and weakness in steel-related Specialty Alumina demand; the company projects 3% to 5% revenue growth and 7% to 9% EBIT margin for 2025 amid ongoing economic challenges. Nabaltec continues to expand capacity, optimize processes, and develop products like boehmites and gap fillers for electric vehicle batteries, while maintaining strategic collaborations such as its membership with OTH Amberg-Weiden university since 2023/2024 for research and lectures.