Nano Dimension (NASDAQ: NNDM)

Currency in USD

Last close As at 26/09/2023

USD2.57

−0.03 (−1.15%)

Market capitalisation

USD651m

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 the Stratasys agreed merger with Desktop Metal. We expect further M&A activity as industry participants shift their focus from growth to profitability.

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Key Management

  • Yoav Stern

    Chairman & CEO

  • Yael Sandler

    CFO

  • 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 (9.8) 12.7 7.1
Relative (7.0) 14.2 (8.4)
52 week high/low US$3.3/US$2.1

Financials

Nano Dimension reported Q223 revenue growth of 33% year-on-year and maintained its adjusted EBITDA at a similar level to Q123, reflecting continued investment in R&D. No longer looking to acquire a majority stake in Stratasys, the company is considering its options regarding its 14% holding and continues to seek alternative targets, recently making a small technology acquisition in the design software market. Nano Dimension’s AGM is scheduled for 7 September. The company’s largest shareholder, Murchinson, has proposed several resolutions calling for the nine board members to be replaced with its proposed candidates. Nano Dimension’s CEO has confirmed he will resign if this happens.

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (fd) (c) P/E (x) P/CF (x)
2021A 10.5 (38.4) (44.5) (17.97) N/A N/A
2022A 43.6 (88.8) (96.4) (37.05) N/A N/A
2023E N/A N/A N/A N/A N/A N/A
2024E N/A N/A N/A N/A N/A N/A

Thematics

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