Nexans (ENXTPA:NEX) has just reported first half 2026 results that show higher sales alongside lower net income and earnings per share. This mix gives you fresh data on growth and profitability.
See our latest analysis for Nexans.
Nexans shares trade at €138.8, with a 7 day share price return of 4.44% and a 30 day gain of 3.58%, although the 90 day share price return has fallen 16.69%. Over longer periods the total shareholder return has been 2.87% over 1 year, 97.14% over 3 years and 86.05% over 5 years. Recent momentum looks softer than the longer term record as investors weigh lower earnings against higher sales and Nexans's ongoing acquisition plans and board changes.
If Nexans's focus on power networks has your attention, it can be useful to see what else is moving in the grid and infrastructure space with our 37 power grid technology and infrastructure stocks
Bulls point to Nexans's power grid focus and past multi year returns. Bears highlight the recent earnings drop and acquisition push. Which side does the current valuation evidence support as you weigh the stock today?
Most Popular Narrative: 17.4% Undervalued
The most followed narrative values Nexans at €168 per share, above the recent €138.8 close. This sets up a clear valuation gap to examine.
The ongoing acceleration of global electrification, renewable energy adoption, grid modernization, and significant investments in infrastructure (especially in Europe and emerging markets) continue to drive strong organic growth in Nexans' Electrification, Power Grid, and Transmission segments, supporting a robust order backlog and increased revenue visibility for coming years.
Want to see what this electrification story is built on? The narrative leans on future earnings power, higher margins and a specific profit multiple. Curious which assumptions really carry that fair value.
Result: Fair Value of €168 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, Nexans still faces pressure from raw material price swings and large deal integration. These factors could weigh on margins if pass through and execution fall short.
Find out about the key risks to this Nexans narrative.
Another View on Nexans Valuation
The first narrative leans on future earnings power to argue Nexans is 17.4% undervalued at €168 per share. A different angle looks at today’s P/E of 31.4x versus the European electrical industry on 26.7x and a fair ratio of 32.6x. That leaves Nexans sitting between peer-rich and model-fair, so how comfortable are you paying up for this story?
See what the numbers say about this price — find out in our valuation breakdown.
Next Steps
This mix of optimism and concern around Nexans can feel conflicting, so move quickly to review the data and decide where you stand based on the 4 key rewards and 2 important warning signs.
Looking for more investment ideas beyond Nexans?
Do not stop with Nexans. Use the Simply Wall Street Screener to widen your watchlist with ideas that fit your goals and risk comfort.
- Target potential mispricings by checking stocks that currently look attractively valued through our 263 high quality undervalued stocks.
- Strengthen your income stream by reviewing companies with robust yields and resilience using the 438 dividend fortresses.
- Focus on capital protection first and hunt for stability with the 295 resilient stocks with low risk scores.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com