Nano Dimension (NASDAQ: NNDM)

Last close As at 27/03/2024

USD2.80

0.05 (1.82%)

Market capitalisation

USD609m

Nano Dimension offers equipment for the additive manufacture of high-performance electronic devices, complex 3D ceramic and metal objects. It also offers miniature parts requiring a resolution of one micron and complementary equipment for automated assembly of electronic devices and PCBs.

The industry is going through a consolidation phase, as demonstrated by Nano Dimension’s and 3D Systems’ bids for Stratasys, and Stratasys’s attempt to merge with Desktop Metal. We expect further M&A activity as industry participants shift their focus from growth to profitability.

Latest Insights

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TMT | Update

Nano Dimension — Growth in a tough market

TMT | Flash note

Nano Dimension — Share buyback underway

TMT | Flash note

Nano Dimension — New offer for Stratasys

Sector

TMT

Equity Analyst

Key Management

  • Yoav Stern

    CEO

  • Yael Sandler

    CFO

  • Yoav Nissan-Cohen

    Chairman

  • Zivi Nedivi

    President

Balance Sheet

Forecast net debt (US$m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (2.5) 10.0 6.2
Relative (5.0) 0.9 (19.0)
52 week high/low US$3.3/US$2.1

Financials

Nano Dimension made good progress growing revenue and gross margins in FY23. The company is now focused on reducing cash burn and moving to profitability, via its Reshaping Nano initiative, and is simultaneously looking to acquire in the additive manufacturing space to consolidate its position. Nano Dimension continues to buy back shares while they trade at a discount to book value.

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (fd) (c) P/E (x) P/CF (x)
2022A 43.6 (91.3) (96.4) (37.05) N/A N/A
2023A 56.3 (99.9) (59.0) (23.35) N/A N/A
2024E N/A N/A N/A N/A N/A N/A
2025E N/A N/A N/A N/A N/A N/A

Thematics

thematic

TMT

MediaWatch – Rinse and repeat

thematic

TMT

MediaWatch – Still waiting…

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