Nano Dimension (NASDAQ: NNDM)

Last close As at 24/02/2024

USD2.71

0.04 (1.50%)

Market capitalisation

USD687m

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 | Flash note

Nano Dimension — New offer for Stratasys

TMT | Flash note

Nano Dimension — Tender offer for Stratasys withdrawn

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 18.3406 11.9835 (5.5749)
Relative 12.8365 0.3073 (25.9184)
52 week high/low US$3.3/US$2.1

Financials

Nano Dimension has made a non-binding proposal to acquire the 86% of Stratasys that it does not own for $16.50 per share in cash, a cost of $981m. Nano Dimension had cash of $873m at the end of Q323 and has entered discussions with financing sources to support the transaction. Stratasys is reviewing the proposal as part of its ongoing strategic review. On 3 January, the company announced FY23 revenue of $56.2m (+29% y-o-y and within its expected range of $55–60m) and Q423 revenue of $14.3m (+18% y-o-y).

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

thematic

TMT

MediaWatch – Rinse and repeat

thematic

TMT

MediaWatch – Still waiting…

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