Nordson Corp

Industrials
Industrial Machinery/Components
www.nordson.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $10.74B
PE 24
Debt $2.30B
Cash $130.42M
EV $12.92B
FCF $464.68M

Earnings

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Sales & Net Margins

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Earnings	$452.36M
EBIT	$655.51M
ROE	16%
ROA	11%
FCF	$464.68M
Equity	$2.88B
Growth Stability	74%
PE	23.75
PEG	2.02
PB	3.74
P/FCF	23.12
P/S	4.02
Price/Cash	0.01
Debt/Equity	0.8
Debt/FCF	4.95
Net Margins	15%
Gross Margins	55%
Op. Margins	25%
Earnings CAGR	8%
Sales Growth YoY	-3%
Sales Growth QoQ	-17%
Sales CAGR	4%
FCF CAGR	10%
Equity CAGR	17%
Earnings Stability	0.67
Earnings Growth YoY	-14%
Earnings Growth QoQ	-23%
Earnings CAGR 5Y	12%

Sales CAGR 5Y	6%
FCF CAGR 5Y	6%
Equity CAGR 5Y	13%
Earnings CAGR 3Y	3%
Sales CAGR 3Y	3%
FCF CAGR 3Y	5%
Equity CAGR 3Y	12%
Market Cap	$10.74B
Revenue	$2.67B
Dividend Yield	2%
Payout Ratio	37%
Assets	$5.87B
Total Debt	$2.30B
Cash	$130.42M
Shares Outstanding	57.02M
EV	12.92B
Earnings Score	83%
Moat Score	93%
Safety Score	82%
Final Score	86%
Working Capital	741.96M
Current Ratio	2.53
Gross Profit	$1.47B
Shares Growth 3y	-0%
Equity Growth QoQ	-2%
Equity Growth YoY	6%

Assets & ROA

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Stockholders Equity & ROE

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Nordson is a manufacturer of equipment (including pumps, valves, dispensers, applicators, filters, and pelletizers, among other equipment) 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 two segments: industrial precision solutions (53% of sales in fiscal 2021) and advanced technology solutions (47% of sales in fiscal 2021). The company generated approximately $2.4 billion in revenue and $615 million in operating income in its fiscal 2021.

SEC Filings

Direct access to Nordson Corp (NDSN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Jan 31
2024
- 10-K Oct 31
- 10-Q Jul 31
- 10-Q Apr 30
- 10-Q Jan 31
2023
- 10-K Oct 31
- 10-Q Jul 31
- 10-Q Apr 30
- 10-Q Jan 31

Sector Comparison

How does Nordson Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Nordson Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 8%

Stability 67%

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Nordson Corp Discounted Cash Flow

Fully customizable DCF calculator online for Nordson Corp.

Years

Calculation mode

= $9.2B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$465M	$510M	$560M	$615M	$675M	$741M	$814M	$893M	$981M	$1.1B	$1.2B	$12B
DCF		$464M	$463M	$462M	$461M	$460M	$459M	$458M	$457M	$457M	$456M	$4.6B
Value	$9.2B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	10/2015	10/2016	10/2017	10/2018	10/2019	10/2020	10/2021	10/2022	10/2023	10/2024	TTM
Net Margins	13%	15%	14%	17%	15%	12%	19%	20%	19%	17%	15%
ROA	-	16%	13%	14%	14%	10%	16%	18%	13%	11%	11%
ROE	-	32%	26%	26%	21%	14%	21%	22%	19%	16%	16%

Good Net Margins (15.38%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	10/2015	10/2016	10/2017	10/2018	10/2019	10/2020	10/2021	10/2022	10/2023	10/2024	TTM
Debt over FCF	-	3.73	6.71	3.25	4.45	2.54	1.68	2.45	3.07	4.73	4.95
Debt over Equity	1.72	1.2	1.66	0.93	0.9	0.65	0.39	0.49	0.72	0.79	0.8
Growth Stability	-	-	-	100%	100%	74%	100%	100%	100%	96%	74%

Bad Debt/FCF ratio (4.95)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.8)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (74%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	10/2015	10/2016	10/2017	10/2018	10/2019	10/2020	10/2021	10/2022	10/2023	10/2024	CAGR 5Y
Revenue YoY growth	-	7%	14%	9%	-3%	-3%	11%	10%	1%	2%	6%
Earnings YoY growth	-	29%	9%	28%	-11%	-26%	82%	13%	-5%	-4%	12%
Equity YoY growth	-	29%	36%	26%	9%	11%	23%	6%	13%	13%	13%
FCF YoY growth	-	37%	4%	45%	-23%	42%	12%	-9%	31%	-19%	6%