BN · rank #9 · 2026-07-23
NEX
PARIS · EUR · $6.67B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of the factors below; drives the rank. | -0.17 |
|---|---|
| Forward revenue growth Consensus forward revenue growth. | +8.9% |
| Forward net margin Consensus forward net margin. | +5.2% |
| Net margin TTM Trailing twelve month net margin. | +4.5% |
| Margin expansion Forward minus trailing net margin (percentage points). | +0.7% |
| Forward PEG Forward P/E to growth. Below 1 is cheap for the growth. | 0.41 |
| Debt / FCF Net debt relative to free cash flow. Lower is safer. | 2.25× |
| Analyst upside Spread between the consensus 12m target and the current price. | +25.3% |
| Last EPS surprise Most recent reported EPS versus consensus. | — |
| Market cap (USD) | $6.67B |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
Nexans S.A. is a French electrical equipment manufacturer specializing in high-voltage subsea and land power cable systems essential for global grid electrification [RECENT_DEVELOPMENTS, BUSINESS_STATUS].
Rationale
Nexans strongly aligns with the grid-bottleneck solver strategy given its specialized subsea manufacturing moat, a massive €17 billion transmission backlog [COMPETITIVE_POSITION], and an attractive forward PEG ratio of 0.41.
Material risks
- 1Lower-than-expected guided 2026 free cash flow of €210–310 million (falling below both 2025 levels and the €366 million consensus) [RECENT_DEVELOPMENTS, FINANCIAL_NOTES] represents a key cash-generation bottleneck ahead of the July 29, 2026 earnings release [RECENT_DEVELOPMENTS].
- 2Execution and scheduling delays on major transmission projects, such as the postponement of the Great Sea Interconnector beyond 2029 [RECENT_DEVELOPMENTS], threaten to defer backlog monetization and shift revenue recognition [TOP_RISKS].
AI verdict council
Each pick is reviewed independently by 3 models before any order. 2 of 3 voted to proceed.