NA9.DE

Strong BuyFull HouseAI concern

Nagarro SE · Technology · Germany · $1.1B

EUR 79.25 +0.1% · close 5 Oct · scored 7 Oct

Full House: Strong business, sensible price, market agrees. The rare full house.

Strong on the numbers, but the AI review named a specific concern. Its reason is in the AI review below.

90
StockRank
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Quality
62
Value
62
Momentum
65

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
19.9x
peers 27.5x
ROE
30.2%
peers 9.6%
D/E
2.2x
peers 0.2x
Dividend %
1.3%
trailing yield
AI CONVICTION THESIS

Nagarro is a German-listed digital engineering and IT services firm, but its equity story is now defined by a takeover. Persistent Systems has secured 83.25% of Nagarro's share capital through a voluntary public takeover offer, with an additional acceptance period running to 6 October 2026, and has said it intends to delist Nagarro from the Frankfurt Stock Exchange. With a controlling owner in place, upside for remaining public shareholders is anchored to the offer terms, and minority holders who stay on face shrinking liquidity after delisting.

ABOUT NAGARRO SE

Read

Nagarro SE is a global digital product engineering and technology consulting company. It provides cutting-edge digital transformation services to a diverse global client base, with a strong focus on agile methodologies and innovation. The company specializes in complex, adaptive digital solutions and operates with a highly decentralized, entrepreneurial culture.

FINANCIAL SUMMARY (EUR)

Year20212022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue546.0M856.3M912.1M972.0M999.3M16.3%1.0B1.0B1.1B3.7%
EPS (EUR)2.535.633.643.693.085.0%4.003.793.9513.3%
Shares13.8M13.8M13.3M13.3M12.4M-10.0%12.4M———
Debt272.6M272.3M323.4M384.1M382.1M8.8%380.1M———
Equity96.8M157.6M170.5M222.7M155.0M12.5%————
Op CF44.0M82.3M79.7M86.5M102.8M23.7%90.4M———
Inv CF-52.8M-44.0M-65.7M-16.8M-22.1M—————
Fin CF13.0K-28.8M-6.7M9.9M-136.2M—————
Loading 1Y...
PRICE (1Y) · EUR+1.2%
77.678.078.578.979.321 Aug15 Sep5 Oct
SMA 50SMA 200

Price checkExperimental
SwingsVery bumpy

Swung more than 95% of stocks we rank over the past year (102% a year).

How this is worked out

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
EUR 79.25
RSI (14)
61.8
52-Week Range-1.7% from high
Low EUR 32.07High EUR 80.60

SCORE BREAKDOWN

Quality
62
ROIC
15.8%76.6
ROE
30.2%90.8
GP/Assets
28.3%64.9
Op. Margin
7.0%53.3
FCF/Assets
8.9%75.9
Piotroski
661.2
Int. Cover
4.6x36.8
D/E Ratio
2.16x3.5
Current Ratio
2.40x62.1
Value
62
P/E (TTM)
19.9x64.9
EV/EBITDA
10.4x71.0
P/FCF
14.5x73.1
P/B
5.6x26.8
P/S
1.0x79.1
Div Yield
1.3%47.4
Momentum
65
52W High %
98%97.1
RS 6M
72%90.4
SMA 50/200
1.29x92.0
EPS Rev 4W
-3.1%10.3
EPS Rev 12W
-0.9%22.2
EPS Improve
+38%34.7
Q Growth
27%47.0

FUNDAMENTALS

Market Cap
$1.1B
P/E (Forward)
14.4x
Gross Margin
21.8%

SECTOR PEERS

Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of NA9.DE are excluded.

TickerCompanyMkt CapStockRankSignal
NA9.DENagarro SE(you)$1.1B90Strong Buy
GFT.DEGFT Technologies SE$755M90Strong Buy
SHF.DESNP Schneider-Neureither & Partner SE$664M89Strong Buy
COK.DECancom SE$735M73Buy
IXX.DEinit innovation in traffic systems SE$573M77Buy
ADN1.DEadesso SE$398M73Buy
BC8.DEBechtle AG$4.4B77Buy
A1OS.DEAll for One Group SE$376M54Hold
AEIN.DEAllgeier SE$190M59Hold
TMV.DETeamViewer SE$1.2B92Strong Buy

Peer medians: ROE 9.6% · P/E 27.5x · Gross margin 40.1%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

Request Deep Dive(50 Feathers)

Nagarro SE (NA9.DE): Stock Score Summary

Nagarro SE (NA9.DE) has a MoatMap StockRank of 90/100 based on Quality (62/100), Value (62/100), and Momentum (65/100) factor scores. The current signal is STRONG BUY. Nagarro is a German-listed digital engineering and IT services firm, but its equity story is now defined by a takeover. Persistent Systems has secured 83.25% of Nagarro's share capital through a voluntary public takeover offer, with an additional acceptance period running to 6 October 2026, and has said it intends to delist Nagarro from the Frankfurt Stock Exchange. With a controlling owner in place, upside for remaining public shareholders is anchored to the offer terms, and minority holders who stay on face shrinking liquidity after delisting.

Nagarro SE is a global digital product engineering and technology consulting company. It provides cutting-edge digital transformation services to a diverse global client base, with a strong focus on agile methodologies and innovation. The company specializes in complex, adaptive digital solutions and operates with a highly decentralized, entrepreneurial culture.

Key Financial Metrics

PriceEUR 79.25
Market Cap$1.1B
P/E (TTM)19.89
P/E (Forward)14.43
Price/Book5.60
Return on Equity30.2%
Return on Invested Capital15.8%
Debt/Equity2.16x
Gross Margin21.8%
Operating Margin7.0%
Revenue Growth0.2%
Dividend Yield1.3%
Free Cash Flow$77M

Nagarro SE operates in the Information Technology Services industry, part of the Technology sector (Germany).

Frequently Asked Questions

What is Nagarro SE’s (NA9.DE) StockRank?
MoatMap’s StockRank for Nagarro SE (NA9.DE) is 90/100, with a Strong Buy signal. It is a composite of Quality (62), Value (62), and Momentum (65) factor ranks across MoatMap’s universe of 24,000+ stocks.
Does Nagarro SE have an economic moat?
Nagarro SE (NA9.DE) has a Quality factor score of 62/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Nagarro SE a buy, hold, or sell?
MoatMap’s current signal for Nagarro SE (NA9.DE) is Strong Buy, based on a StockRank of 90/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is Nagarro SE in?
Nagarro SE (NA9.DE) operates in the Technology sector, specifically the Information Technology Services industry (Germany).