Financials nVent Electric plc

Equities

NVT

IE00BDVJJQ56

Electrical Components & Equipment

Market Closed - Nyse Other stock markets 04:00:02 2024-05-17 pm EDT			5-day change	1st Jan Change
80.01 ^USD	-0.50%		-2.51%	+35.40%

May. 17	NVent Electric's Board Approves $500 Million Share-Repurchase Program, Maintains Quarterly Dividend	MT
May. 16	Nvent Electric Insider Sold Shares Worth $1,659,373, According to a Recent SEC Filing	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,327	3,962	6,392	6,409	9,804	13,350	-	-
Enterprise Value (EV) ¹	5,285	4,788	7,341	7,194	11,367	14,594	14,158	13,746
P/E ratio	19.8 x	-83.2 x	23.6 x	16.2 x	17.5 x	28.4 x	25.1 x	22.3 x
Yield	2.74%	3.01%	1.84%	1.82%	1.18%	0.9%	1%	1.11%
Capitalization / Revenue	1.96 x	1.98 x	2.6 x	2.2 x	3 x	3.73 x	3.52 x	3.3 x
EV / Revenue	2.4 x	2.4 x	2.98 x	2.47 x	3.48 x	4.08 x	3.73 x	3.4 x
EV / EBITDA	11.5 x	12.4 x	15.4 x	11.3 x	14.7 x	16.9 x	15.4 x	13.8 x
EV / FCF	17.8 x	15.7 x	22 x	20.6 x	24.9 x	27.1 x	25.7 x	21.2 x
FCF Yield	5.63%	6.35%	4.55%	4.85%	4.02%	3.69%	3.89%	4.71%
Price to Book	1.71 x	1.64 x	2.58 x	2.37 x	3.16 x	3.77 x	3.37 x	3.01 x
Nbr of stocks (in thousands)	169,150	170,118	168,200	166,587	165,912	166,019	-	-
Reference price ²	25.58	23.29	38.00	38.47	59.09	80.01	80.01	80.01
Announcement Date	2/5/20	2/9/21	2/8/22	2/7/23	2/6/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,204	1,999	2,462	2,909	3,264	3,579	3,793	4,045
EBITDA ¹	459.7	386	476.7	637.8	772.3	865.1	921.7	997.6
EBIT ¹	424.3	347.6	435.8	523.6	720.6	797.3	863.4	927.8
Operating Margin	19.25%	17.39%	17.7%	18%	22.08%	22.28%	22.76%	22.94%
Earnings before Tax (EBT) ¹	257.4	-9.5	320.7	472.6	499.5	611.3	690.7	754.7
Net income ¹	222.7	-47.2	272.9	399.8	567.1	467.4	528.1	595.3
Net margin	10.1%	-2.36%	11.08%	13.74%	17.38%	13.06%	13.92%	14.72%
EPS ²	1.290	-0.2800	1.610	2.380	3.370	2.818	3.186	3.590
Free Cash Flow ¹	297.5	304	333.8	348.7	457.1	539.2	550.5	647.3
FCF margin	13.5%	15.21%	13.56%	11.99%	14.01%	15.07%	14.51%	16%
FCF Conversion (EBITDA)	64.72%	78.76%	70.02%	54.67%	59.19%	62.32%	59.73%	64.89%
FCF Conversion (Net income)	133.59%	-	122.32%	87.22%	80.6%	115.36%	104.24%	108.73%
Dividend per Share ²	0.7000	0.7000	0.7000	0.7000	0.7000	0.7232	0.8034	0.8917
Announcement Date	2/5/20	2/9/21	2/8/22	2/7/23	2/6/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	669	694.7	727.5	745.2	741.6	740.6	803	858.8	861.2	874.6	892.4	907	904.2	921.8	948.2
EBITDA ¹	121.2	120.9	136.1	149.8	172.5	159.1	193.2	215.1	204.9	206.7	217.6	225.1	217.2	218.8	232.4
EBIT ¹	110.3	110.2	125.2	121	144.2	148	181.3	202	189.3	192.3	204.1	211.1	202.9	204.8	220.5
Operating Margin	16.49%	15.86%	17.21%	16.24%	19.44%	19.98%	22.58%	23.52%	21.98%	21.99%	22.87%	23.27%	22.43%	22.21%	23.25%
Earnings before Tax (EBT) ¹	80.5	82.3	96	111.9	182.4	115.1	134.1	129.3	121	135.8	151.3	160.9	148.1	-	-
Net income ¹	67	67.8	79.9	93.4	158.7	93.8	112.9	105.5	254.9	105.1	116.8	123.8	114.9	124	134.8
Net margin	10.01%	9.76%	10.98%	12.53%	21.4%	12.67%	14.06%	12.28%	29.6%	12.02%	13.09%	13.65%	12.7%	13.45%	14.22%
EPS ²	0.3900	0.4000	0.4800	0.5500	0.9400	0.5600	0.6700	0.6300	1.510	0.6200	0.7000	0.7400	0.6867	0.7400	0.8000
Dividend per Share ²	0.1750	0.1750	0.1750	0.1750	-	0.1750	0.1750	0.1750	0.1750	0.1900	0.1930	0.1931	0.1941	0.2120	0.2123
Announcement Date	2/8/22	4/29/22	7/29/22	10/28/22	2/7/23	4/28/23	7/28/23	10/27/23	2/6/24	5/3/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	958	826	950	786	1,564	1,244	809	396
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.084 x	2.139 x	1.992 x	1.232 x	2.025 x	1.438 x	0.8774 x	0.3974 x
Free Cash Flow ¹	298	304	334	349	457	539	551	647
ROE (net income / shareholders' equity)	-	10.2%	13.6%	15.5%	19.3%	15.8%	15.5%	15.2%
ROA (Net income/ Total Assets)	6.71%	-	-	-	9.31%	9.07%	9.48%	9.06%
Assets ¹	3,319	-	-	-	6,093	5,150	5,571	6,571
Book Value Per Share ²	15.00	14.20	14.70	16.20	18.70	21.20	23.80	26.60
Cash Flow per Share ²	-	-	-	-	-	3.820	4.370	5.000
Capex ¹	38.8	40	39.5	45.9	71	87.5	86.9	81.9
Capex / Sales	1.76%	2%	1.6%	1.58%	2.18%	2.44%	2.29%	2.03%
Announcement Date	2/5/20	2/9/21	2/8/22	2/7/23	2/6/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for nVent Electric plc

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

80.01 USD

Average target price

85.98 USD

Spread / Average Target

+7.46%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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