The Navigator Company, S.A.

The Navigator Company, S.A.

NVG.LS
The Navigator Company, S.A.undefined flagEuronext Lisbon
3.24
EUR
-0.07
- -
2.31BMarket Cap
The Navigator Company, S.A.
NVG.LS
(Euronext Lisbon)

Recent

price

3.24

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.81
1.99
2.06
2.13
2.15
2.27
2.24
2.28
2.36
2.37
1.95
2.24
3.47
2.75
2.94
2.77
2.63
Revenue per Share
0.27
0.26
0.29
0.29
0.25
0.27
0.31
0.29
0.31
0.24
0.15
0.24
0.55
0.39
0.4
0.2
0.16
Basic EPS, GAAP
-0.07
-0.08
-0.04
-0.03
-0.03
-0.21
-0.12
-0.14
-0.29
-0.25
-0.14
-0.15
-0.17
-0.28
-0.32
-0.33
-0.24
Free Cash Flow per Basic Share
0.23
- -
0.23
0.28
0.28
0.61
0.24
0.35
0.28
0.28
0.14
0.21
0.19
0.28
0.21
0.25
0.11
Dividend per Share
1.67
1.95
2.06
2.09
2.05
1.73
1.62
1.22
1.28
1.23
0.99
1.27
1.57
1.68
1.88
1.84
1.86
Book Value per Share
1.21
1.47
1.5
1.53
1.5
1.16
1.21
1.12
1.12
0.91
0.9
0.9
1.18
1.25
1.14
1.24
1.27
Tangible Book Value per Share
768
749
731
719
717
717
705
717
717
713
711
711
711
711
711
711
711
Basic Weighted Avg Shares
1,385
1,488
1,502
1,531
1,542
1,628
1,577
1,637
1,692
1,688
1,385
1,596
2,465
1,953
2,088
1,970
1,867
Sales/Revenue/Turnover
20.05
18.11
19.03
15.31
14.12
17.36
16.75
15.37
17.16
14.11
9.46
14.34
23.81
18.74
18.23
10.38
8.32
Operating Margin (%)
121
122
112
101
112
122
121
139
139
139
143
122
165
140
165
174
171
Depreciation Expense
211
196
211
210
181
196
218
208
225
168
109
171
393
275
287
145
114
Net Income, GAAP
18.3
21.59
21.93
4.34
1.44
15.4
- -
16
19.79
21.61
13.14
19.06
24
20.77
18.71
17.69
9.44
Effective Tax Rate (%)
15.2
13.2
14.06
13.72
11.77
12.06
13.79
12.69
13.31
9.97
7.88
10.74
15.93
14.08
13.74
7.34
6.08
Profit Margin (%)
147
224
240
608
330
215
155
259
164
172
78
187
367
267
216
261
310
Working Capital
730
567
473
772
468
687
639
668
652
906
738
762
698
623
825
883
914
LT Debt
1,304
1,478
1,481
1,480
1,454
1,214
1,233
1,185
1,187
1,027
1,026
1,045
1,260
1,316
1,356
1,413
1,454
Total Equity
10.95
9.57
9.77
9.54
9.05
11.01
- -
10.38
11.51
9.31
5.51
9.04
21.51
13.67
13.8
6.99
5.8
Return on Invested Capital (%)
10.24
9.96
10.2
10.37
9.3
10.48
- -
12.21
13.75
10.25
6.82
10.29
21.8
15.47
14.63
7.38
6.32
Return on Capital (%)
16.59
14.3
14.24
13.99
12.23
14.52
18.3
20.61
25.12
18.78
13.81
21.29
38.87
23.8
22.69
10.93
8.71
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
180
83
49
LT Borrowings
718
763
792
LT Finance Leases
94
120
122
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
711
711
711
Market Capitalization
2,326
2,233
2,390

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
904
897
948
Cash, Cash Equivalents & STI
116
130
154
Accounts Receivable, Net
287
293
459
Inventories
311
306
299
Total Current Liabilities
686
636
637
Payables & Accruals
- -
- -
- -
ST Debt
180
83
49
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.84%
6.82%
4.21%
Free Cash Flow
13.11%
20.78%
5.74%
Net Income, GAAP
6.51%
22.16%
-49.58%
Sales/Revenue/Turnover
3.6%
10.02%
-5.68%
Total Cash Common Dividend
- -
16.49%
16.67%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
536
529
503
520
2,088
2025
529
490
470
480
1,970
2026
427
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
- -
- -
- -
0.4
2025
0.07
- -
- -
- -
0.2
2026
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.21
2025
0.14
- -
- -
- -
0.25
2026
- -
- -
- -
- -
- -
Business
The Navigator Company The Navigator Company, S.A. (NVG.LS) is a leading integrated producer of forest-based products, encompassing pulp, uncoated wood-free (UWF) printing and writing paper under brands such as Navigator, Intelligent and Premium White; bleached eucalyptus kraft pulp; tissue paper; sustainable packaging solutions including molded fiber packaging, flexible packaging, boxes and rigid packaging through its Navigator Bags and G Craft brands; and bioenergy from cogeneration units and independent thermoelectric power plants. The company manages eucalyptus forests and operates large-scale industrial facilities featuring state-of-the-art technology, with primary production capacity exceeding 1.1 million tons of paper annually and a focus on sustainably sourced materials. It serves markets worldwide, particularly in Europe and the United States, targeting office supplies, printing, packaging and consumer goods sectors, while headquartered in Setúbal, Portugal at the Península da Mitrena site since its founding in 1953 and rebranding from Portucel S.A. in 2016 as a subsidiary of Semapa - Sociedade de Investimento e Gestão, SGPS, S.A. In recent developments, the company has accelerated its diversification strategy, completing the acquisition and integration of Accrol Papers in the United Kingdom in Q2 2024 to bolster its tissue segment and entering the Spanish market through a 2023 acquisition; it launched new flexible packaging products in 2023 with expanded sales volumes into 2025 and commenced production at a new molded fiber packaging unit in Figueira da Foz to replace plastic and aluminum in food service applications. Navigator reported robust Q4 2024 financial results with year-on-year revenue and net profit growth, driven by price increases, volume expansion across segments, cash cost reductions of up to 210% and CapEx investments totaling €141 million in innovation, packaging capacity and decarbonization initiatives; it also formed partnerships with Crédito Agrícola, Galp and Interprev to advance sustainable forestry and bioeconomy projects. These moves have reduced reliance on traditional bag sales, doubled packaging volumes, grown the customer base to nearly 300 clients and achieved certifications for bio-based fiber products compliant with European food contact regulations and BfR 36 standards.