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Nordson Corp NDSN

Morningstar Rating
$237.94 +0.04 (0.02%)
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Company Report

Nordson Earnings: Full-Year Outlook Lowered Due to Softness in Electronics and Agriculture

Narrow-moat-rated Nordson’s fiscal second-quarter sales of $651 million and adjusted earnings per share of $2.34 were both within management’s guidance. However, management lowered its full-year outlook due to continued headwinds in the advanced technology solutions segment, sending the shares down more than 9% in intraday trading on May 21. We’ve lowered our fair value estimate to $233 per share from $240 to reflect our more muted near-term revenue growth outlook, partially offset by the time value of money.

Price vs Fair Value

NDSN is trading at a 555% premium.
Price
$237.94
Fair Value
$864.00
Uncertainty
Medium
1-Star Price
$619.35
5-Star Price
$745.40
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Nordson is poised to benefit from innovation in its end markets, including autonomous vehicles, 5G, and 3D wafer stacking, as new technologies drive demand for its dispensing solutions.

Bears

The company regularly invests in M&A to boost revenue growth, which creates the risk of overpaying for acquisition targets.

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News

Trading Information

Previous Close Price
$237.90
Day Range
$236.43239.40
52-Week Range
$208.91279.38
Bid/Ask
$229.00 / $250.94
Market Cap
$13.63 Bil
Volume/Avg
222,190 / 240,190

Key Statistics

Price/Earnings (Normalized)
25.41
Price/Sales
5.17
Dividend Yield (Trailing)
1.14%
Dividend Yield (Forward)
1.14%
Total Yield
1.19%

Company Profile

Nordson manufactures equipment (including pumps, valves, dispensers, applicators, filters, and pelletizers) used for dispensing adhesives, coatings, sealants, and other materials. The firm serves a diverse range of end markets including packaging, medical, electronics, and industrial. Nordson’s business is organized into three segments: industrial precision solutions, medical and fluid solutions, and advanced technology solutions. The company generated approximately $2.6 billion in revenue in its fiscal 2023.
Sector
Industrials
Industry
Specialty Industrial Machinery
Stock Style Box
Mid Core
Total Number of Employees
7,700

Competitors

Valuation

Metric
NDSN
GGG
IEX
Price/Earnings (Normalized)
25.4127.2926.91
Price/Book Value
4.885.884.52
Price/Sales
5.176.515.07
Price/Cash Flow
21.1321.7524.46
Price/Earnings
NDSN
GGG
IEX

Financial Strength

Metric
NDSN
GGG
IEX
Quick Ratio
1.222.262.29
Current Ratio
2.213.463.37
Interest Coverage
8.52118.2816.31
Quick Ratio
NDSN
GGG
IEX

Profitability

Metric
NDSN
GGG
IEX
Return on Assets (Normalized)
11.22%18.98%10.56%
Return on Equity (Normalized)
20.47%23.50%17.83%
Return on Invested Capital (Normalized)
14.65%22.73%13.20%
Return on Assets
NDSN
GGG
IEX
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