Explain this page
Arphra AIPlain-English read on Nordson Corporation’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Quality composite
B+Solid
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Profitability
Gross margin55.2%
Operating margin25.9%
Net margin17.4%
ROE15.9%
ROA8.2%
ROIC11.5%
Liquidity & leverage
Current ratio1.64×
Quick ratio1.05×
Debt / equity0.71×
Net debt / EBITDA2.34×
Interest coverage7×
Efficiency & per-share
Asset turnover0.47×
Inventory days130
Days sales out.77
FCF / share$11.62
Book value / share$53.47
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Headline | ||||||||
| Market cap | — | — | — | $14.28B | $13.13B | — | — | — |
| Enterprise value | — | — | — | $16.57B | $15.18B | — | — | — |
| Multiples | ||||||||
| P / E | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 6.16 | 5.44 | — | — | — |
| EV / FCF | — | — | — | 33.69 | 22.96 | — | — | — |
| Yields | ||||||||
| Earnings yield | — | — | — | +3.27% | +3.69% | — | — | — |
| Free cash flow yield | — | — | — | +3.44% | +5.04% | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin | +56.05% | +55.07% | +54.23% | +55.25% | +55.16% | +55.21% | +54.17% | +55.02% |
| Operating margin | +26.04% | +27.12% | +25.59% | +25.06% | +25.94% | +25.79% | +24.98% | +26.10% |
| EBITDA margin | +29.78% | +29.79% | +29.93% | +30.13% | +31.34% | +31.24% | +30.13% | +31.37% |
| EBIT margin | +25.39% | +25.93% | +25.67% | +25.07% | +25.94% | +26.24% | +25.99% | +26.27% |
| Pre-tax margin | +24.31% | +25.07% | +23.41% | +21.77% | +21.41% | +22.61% | +21.84% | +22.07% |
| Net margin | +19.23% | +19.81% | +18.55% | +17.37% | +17.35% | +17.49% | +17.43% | +17.78% |
| Cost structure | ||||||||
| Cost of revenue / sales | +43.95% | +44.93% | +45.77% | +44.75% | +44.84% | +45.74% | +45.88% | +45.86% |
| R&D intensity | +2.52% | +2.03% | +2.72% | +2.42% | +2.44% | +2.55% | +2.48% | +2.58% |
| SG&A intensity | +30.01% | +27.96% | +28.63% | +30.19% | +26.77% | +28.37% | +28.40% | +28.88% |
| Effective tax rate | +20.87% | +20.97% | +20.78% | +20.19% | +18.94% | +19.56% | +20.79% | +19.56% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Returns | ||||||||
| Return on equity (ROE) | +21.04% | +22.36% | +18.76% | +15.94% | +15.92% | +16.80% | +16.21% | +16.50% |
| Return on assets (ROA) | +11.99% | +13.43% | +9.28% | +7.79% | +8.19% | +8.08% | +8.26% | +8.65% |
| Return on capital (ROC) | +19.17% | +21.64% | +14.77% | +12.64% | +13.93% | +14.04% | +13.30% | +13.73% |
| Return on invested capital (ROIC) | +14.16% | +15.81% | +10.71% | +8.76% | +9.32% | +9.52% | +9.28% | +9.35% |
| Asset turnover | +62.31% | +67.80% | +50.05% | +44.82% | +47.18% | +46.20% | +47.37% | +48.66% |
| DuPont · ROE decomposition | ||||||||
| Net margin | +19.23% | +19.81% | +18.55% | +17.37% | +17.35% | +17.49% | +17.43% | +17.78% |
| Asset turnover (× revenue / assets) | +62.31% | +67.80% | +50.05% | +44.82% | +47.18% | +46.20% | +47.37% | +48.66% |
| Equity multiplier (× assets / equity) | +175.58% | +166.51% | +202.14% | +204.66% | +194.43% | +207.93% | +196.30% | +190.75% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Asset turnover | 0.62 | 0.68 | 0.50 | 0.45 | 0.47 | 0.46 | 0.47 | 0.49 |
| Fixed-asset turnover | 5.06 | 5.68 | 5.27 | 4.21 | 4.70 | — | — | — |
| Inventory turnover | 3.17 | 3.04 | 2.65 | 2.52 | 2.81 | — | — | — |
| Receivables turnover | 4.83 | 4.82 | 4.45 | 4.52 | 4.75 | — | — | — |
| Payables turnover | 11.32 | 11.72 | 11.32 | 12.30 | 10.35 | — | — | — |
| Days outstanding | ||||||||
| Days sales outstanding (DSO) | 75.62 | 75.71 | 82.05 | 80.69 | 76.86 | — | — | — |
| Days inventory outstanding (DIO) | 115.04 | 120.25 | 137.96 | 144.61 | 129.69 | — | — | — |
| Days payables outstanding (DPO) | 32.24 | 31.14 | 32.25 | 29.67 | 35.28 | — | — | — |
| Cash conversion cycle | 158.42 | 164.83 | 187.75 | 195.64 | 171.27 | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.20 | 1.00 | 1.32 | 1.19 | 1.48 | 1.37 | 1.39 | 1.33 |
| FCF / Net income | 1.12 | 0.90 | 1.24 | 1.05 | 1.36 | 1.24 | 1.26 | 1.21 |
| FCF margin | +21.49% | +17.82% | +23.08% | +18.28% | +23.68% | +21.61% | +22.03% | +21.45% |
| OCF margin | +23.11% | +19.81% | +24.40% | +20.68% | +25.76% | +24.03% | +24.20% | +23.73% |
| CapEx / Revenue | +1.62% | +1.99% | +1.32% | +2.39% | +2.08% | +1.88% | +1.93% | +1.97% |
| CapEx / D&A | 0.37 | 0.51 | 0.31 | 0.47 | 0.39 | — | — | — |
| Stock-based comp / Revenue | +0.96% | +1.19% | 0.00% | 0.00% | 0.00% | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 7.74 | 8.81 | 8.46 | 8.11 | 8.51 | 11.60 | 12.60 | 13.43 |
| EPS · basic | 7.82 | 8.90 | 8.54 | 8.17 | 8.56 | 11.54 | 12.75 | 13.36 |
| Book value / share | 36.76 | 39.39 | 45.08 | 50.89 | 53.47 | 54.72 | 59.93 | 61.59 |
| Tangible BV / share | 1.51 | 2.75 | -14.90 | -18.91 | -16.56 | 54.72 | 59.93 | 61.59 |
| Sales / share | 40.22 | 44.47 | 45.61 | 46.69 | 49.05 | 52.56 | 55.72 | 57.16 |
| Operating CF / share | 9.29 | 8.81 | 11.13 | 9.65 | 12.64 | 12.63 | 13.49 | 13.56 |
| Free cash flow / share | 8.64 | 7.93 | 10.53 | 8.54 | 11.62 | 11.36 | 12.28 | 12.26 |
| Dividends / share | 1.66 | 2.16 | 2.61 | 2.80 | 3.15 | 3.13 | 3.32 | 3.41 |
| Payout ratio | +21.50% | +24.54% | +30.84% | +34.55% | +36.96% | +34.03% | +34.19% | +33.59% |
| Retention ratio | +78.50% | +75.46% | +69.16% | +65.45% | +63.04% | +65.97% | +65.81% | +66.41% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 7y CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Top-line | |||||||||
| Revenue · YoY | — | +9.65% | +1.48% | +2.33% | +3.78% | +6.86% | +5.30% | +4.39% | +4.80% |
| Gross profit · YoY | — | +7.74% | -0.08% | +4.26% | +3.61% | +6.96% | +3.32% | +6.04% | +4.52% |
| Profit | |||||||||
| Operating income · YoY | — | +14.18% | -4.21% | +0.18% | +7.46% | +6.24% | +2.00% | +9.08% | +4.84% |
| EBITDA · YoY | — | +9.67% | +1.96% | +3.03% | +7.92% | +6.53% | +1.58% | +8.68% | +5.58% |
| Net income · YoY | — | +12.93% | -4.99% | -4.15% | +3.68% | +7.72% | +4.92% | +6.48% | +3.63% |
| Operating | |||||||||
| EBIT · YoY | — | +12.01% | +0.47% | -0.07% | +7.39% | +8.07% | +4.30% | +5.53% | +5.31% |
| R&D · YoY | — | -11.60% | +35.92% | -8.97% | +5.00% | +11.53% | +2.19% | +8.63% | +5.16% |
| Per-share | |||||||||
| EPS · diluted · YoY | — | +13.82% | -3.97% | -4.14% | +4.93% | +36.35% | +8.58% | +6.57% | +8.19% |
| EPS · basic · YoY | — | +13.81% | -4.04% | -4.33% | +4.77% | +34.81% | +10.46% | +4.84% | +7.96% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Leverage | ||||||||
| Total debt | $1.05B | $951.22M | $1.96B | $2.4B | $2.16B | $2.37B | $2.52B | $2.7B |
| Net debt | $749.26M | $787.77M | $1.84B | $2.29B | $2.05B | $2.25B | $2.39B | $2.57B |
| Net debt / EBITDA | 1.06 | 1.02 | 2.34 | 2.82 | 2.34 | 2.42 | 2.52 | 2.49 |
| Debt / equity | 0.49 | 0.41 | 0.75 | 0.82 | 0.71 | 0.76 | 0.75 | 0.76 |
| Debt / assets | +27.68% | +24.90% | +37.23% | +40.01% | +36.45% | +36.77% | +38.02% | +40.05% |
| Equity / assets | +56.95% | +60.06% | +49.47% | +48.86% | +51.43% | +48.09% | +50.94% | +52.42% |
| Coverage | ||||||||
| EBITDA / interest expense | 27.60 | 34.43 | 13.22 | 9.12 | 8.65 | 10.40 | 9.86 | 10.07 |
| Operating income / interest | 24.13 | 31.34 | 11.31 | 7.58 | 7.16 | 8.59 | 8.18 | 8.38 |
| Interest expense | $25.49M | $22.41M | $59.51M | $88.92M | $101.11M | $89.63M | $95.99M | $102.21M |
| Liquidity | ||||||||
| Current ratio | 2.62 | 1.36 | 2.11 | 2.41 | 1.64 | — | — | — |
| Quick ratio | 1.77 | 0.84 | 1.21 | 1.34 | 0.92 | — | — | — |
| Cash ratio | 0.67 | 0.20 | 0.20 | 0.22 | 0.14 | — | — | — |
| Working capital | $719.44M | $298.77M | $647.22M | $746.56M | $484.59M | — | — | — |
| Working capital / revenue | +30.46% | +11.53% | +24.62% | +27.75% | +17.36% | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 5.44x | 6.16x |
| Earnings yield | 3.7% | 3.3% |
| FCF yield | 5.0% | 3.4% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 15.9% | 15.9% |
| ROA | 8.2% | 7.8% |
| ROIC | 10.7% | 9.6% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 2.34 | 2.82 |
| Interest coverage | — | — |
| Current ratio | 1.64x | 2.41x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).