Nordson Corp (NDSN)
Industrials · Industrial Machinery & Supplies & Components · US stock · S&P 500 component
$318.71
▼ -12.83 (3.87%)
Fair valueFair
$273 −14.4% to fair value
$136fair band $232–$331$409
Day's range
$311.55 – $328.25
52-week range
$223.29 – $339.12
About Nordson Corp
Nordson makes precision equipment that dispenses, applies and controls adhesives, coatings, plastics and other materials. Its systems are used in packaging, electronics, medical device and general manufacturing. Revenue comes from selling the equipment and, to a large degree, from recurring sales of parts, consumables and services that customers need to keep their production lines running smoothly.
Over the last twelve months, $3.0 billion in revenue was reported. Revenue growth over three years averaged 2.5% a year. Operating margin is 26.9% and return on invested capital is 13%. Net debt to EBITDA is 1.8 times. It pays a dividend with a yield of 1.1%. The X-Ray Score is 52 out of 100. These figures describe past results as reported and are a factual snapshot, not a forecast. Some measures, such as margins for real estate trusts and banks, are defined differently from those of industrial firms, so comparisons should be made with care.
Price chart
52-wk range $223.29 – $339.12Volume 428,920Daily, split-adjusted
Vitals
Market cap$17.9B
52-week range$223.29 – $339.12
Volume (last day)428,920
P/E (TTM)32.3
EBIT / EV yield4.1%
Free-cash-flow yield4.1%
Dividend yield1.1%
Revenue (TTM)$3.0B
Net income (TTM)$555M
Operating margin26.9%
Return on capital13.5%
Debt incl. leases$1.7B
Cash & securities$113M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$273middle half of models $236 – $302
Fair
−14.4% to fair value
Average of the 14 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $319
Undervalued < $232Fair $232 – $331Overvalued > $331
P/E multiple
$313
P/B multiple
$300
P/S multiple
$284
EV/EBITDA multiple
$297
EV/EBIT multiple
$297
EV/revenue multiple
$290
10-year DCF, EBITDA exit
$302
5-year DCF, EBITDA exit
$314
10-year DCF, revenue exit
$302
5-year DCF, revenue exit
$314
10-year DCF, growth exit
$188
5-year DCF, growth exit
$177
Dividend discount, stable · not used
$126
Dividend discount, multi-stage
$220
Earnings power value
$220
Growth the price implies
17.5%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
37/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.1%
Free-cash-flow yield4.1%
Fair value vs price0.9×
Growth
Weak
40/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)2.5%
EPS growth (3y)-1.1%
Growth consistency90%
Profitability
Fair
66/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital13.5%
Operating margin26.9%
Gross profitability27.7%
Financial health
Fair
59/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA1.8×
Interest cover8.8×
Dividends
Fair
63/100
Dividend is typical for its sector.
See the numbers →
Dividend yield1.1%
Dividends vs free cash flow26%
Dividend growth12.5%
Quarterly results: last 6 quarters
+5.0%
Apr '25
+12.1%
Jul '25
+1.0%
Oct '25
+8.8%
Jan '26
+8.5%
Apr '26
+10.3%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $818M, diluted EPS $2.73.
Compare with peers
SNA Snap-on Inc66 PNR PENTAIR plc62 XYL Xylem Inc.55 GWW W.W. Grainger, Inc.55Other Industrial Machinery & Supplies & Components companies by X-Ray Score.
SWOT analysis: Nordson Corp
Strengthsinside the company
- Operating margin of 26.9% is well above the 18.1% median of industry peers, a sign of pricing power or lower costs.
- Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Dividends use only 26% of free cash flow, which leaves room to raise them.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare NDSN with peers and sector
Medians of 13 Industrial Machinery & Supplies & Components peers and of 80 Industrials stocks in our universe.
Largest peers (X-Ray Score): PH 50, ITW 46, GWW 55, IR 47, OTIS 55, DOV 49.
| Metric | NDSN | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 52 | 49 | 50 |
| Valuation | 37 | 57 | 48 |
| Growth | 40 | 37 | 51 |
| Profitability | 66 | 48 | 50 |
| Financial health | 59 | 47 | 49 |
| Dividends | 63 | 53 | 53 |
Sector leaders: highest X-Ray Score in Industrials
NDSN ranks #38 of 81 in Industrials and #6 of 14 in Industrial Machinery & Supplies & Components by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for NDSN
Each factor is rated by where NDSN stands among the 81 Industrials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 6 Good · 11 Average · 6 Bad of 23
Growth: 0 · 2 · 1
Profitability: 3 · 2 · 0
Financial strength: 2 · 1 · 1
Valuation: 0 · 3 · 2
Cash flow: 1 · 3 · 0
Efficiency: 0 · 0 · 2
| Factor | NDSN | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +2.5% | Average beats 34% | +5.6% | – | – |
| Revenue growth, last year | +3.8% | Average beats 43% | +4.5% | +3.8% | ≈ In line |
| EPS growth, 3 years a year | −1.1% | Bad beats 32% | +5.7% | – | – |
| Profitability | |||||
| Gross margin | 55.3% | Good beats 88% | 38.0% | 55.2% | ≈ In line |
| Operating margin | 26.9% | Good beats 88% | 17.5% | 25.6% | ≈ In line |
| Net margin | 18.6% | Good beats 80% | 12.8% | 18.5% | ≈ In line |
| Return on invested capital | 13.5% | Average beats 43% | 14.9% | – | – |
| Return on equity | 17.0% | Average beats 37% | 23.7% | 18.8% | ≈ In line |
| Financial strength | |||||
| Net debt / EBITDA | 1.8x | Average beats 46% | 1.8x | 2.2x | ▲ Better |
| Interest cover | 8.8x | Bad beats 27% | 21.4x | 11.3x | ▼ Worse |
| Current ratio | 1.82 | Good beats 81% | 1.25 | 2.11 | ▼ Worse |
| Piotroski F-score | 7 / 9 | Good beats 68% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 32.2x | Average beats 38% | 28.9x | 27.2x | ▼ Worse |
| Price / book | 5.5x | Average beats 56% | 6.2x | 4.9x | ▼ Worse |
| Price / sales | 6.0x | Bad beats 20% | 3.5x | 5.1x | ▼ Worse |
| EV / EBITDA | 22.2x | Bad beats 24% | 18.5x | 19.1x | ▼ Worse |
| Free cash flow yield | 4.1% | Average beats 56% | 3.8% | 3.5% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 24.3% | Good beats 88% | 13.8% | 21.5% | ▲ Better |
| Cash from operations / net income | 1.39 | Average beats 51% | 1.39 | 1.20 | ▲ Better |
| Free cash flow growth, 3 years a year | +12.7% | Average beats 38% | +14.5% | – | – |
| Accruals (lower is better) | −3.7% | Average beats 57% | −3.2% | – | – |
| Efficiency | |||||
| Inventory turnover | 2.8x | Bad beats 23% | 4.0x | 2.8x | ≈ In line |
| Days sales outstanding | 79 days | Bad beats 18% | 57 days | 77 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 5 Good · ● 8 Average · ● 3 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Average
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Current ratioGood
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 51/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.6B | $2.6B | $2.7B | $2.8B |
| Operating income | $615M | $702M | $673M | $674M | $712M |
| Net income | $454M | $513M | $487M | $467M | $484M |
| Operating cash flow | $546M | $513M | $641M | $556M | $719M |
| Operating margin | 26.0% | 27.1% | 25.6% | 25.1% | 25.5% |
| Free cash flow | $508M | $462M | $607M | $492M | $661M |
| Diluted EPS | $7.74 | $8.81 | $8.46 | $8.11 | $8.51 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
6 bullish · 3 neutral · 7 bearish
Weekly
Strongly bullish
9 bullish · 1 neutral · 2 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 327.0 | Bearish |
| EMA 10 | 326.2 | Bearish |
| SMA 20 | 328.5 | Bearish |
| EMA 20 | 325.8 | Bearish |
| SMA 50 | 321.8 | Bearish |
| EMA 50 | 320.0 | Bearish |
| SMA 100 | 307.5 | Bullish |
| EMA 100 | 309.4 | Bullish |
| SMA 200 | 291.8 | Bullish |
| EMA 200 | 291.7 | Bullish |
Oscillators (daily)
| RSI (14) | 43.18 | Neutral |
| MACD (12, 26) | 1.40 | Bullish |
| Momentum (12) | -4.64 | Bearish |
| Stochastic %K (14) | 26.89 | Neutral |
| Williams %R (14) | -73.11 | Neutral |
| CCI (20) | -212.1 | Bullish |
Pivot points (classic, last session)
S3 294.1 | S2 302.8 | S1 310.8 | Pivot 319.5 | R1 327.5 | R2 336.2 | R3 344.2 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.40 USD
Yield on today's price
1.07%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.9400 | |
| 0.8200 | |
| 0.8200 | |
| 0.8200 | |
| 0.8200 | |
| 0.7800 | |
| 0.7800 | |
| 0.7800 | |
| 0.7800 | |
| 0.6800 | |
| 0.6800 | |
| 0.6800 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold NDSN
| ETF | Share of the fund |
|---|---|
| NOBL ProShares S&P 500 Dividend Aristocrats | 1.49% |
| KNG FT Cboe Vest S&P 500 Dividend Aristocr... | 1.40% |
| RSPN Invesco S&P 500 Equal Weight Industria... | 1.27% |
| COWG Pacer US Large Cap Cash Cows Growth Le... | 1.16% |
| SPLV Invesco S&P 500 Low Volatility | 0.87% |
| SDY SPDR S&P Dividend | 0.55% |
| VBK Vanguard Small-Cap Growth | 0.45% |
| DON WisdomTree U.S. MidCap Dividend | 0.41% |
The eight funds with the largest weight in NDSN among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
NDSN stock splits
NDSN has split its stock 3 times since 1991. The latest was a 2-for-1 split on 13 Apr 2011.
Full NDSN stock split history →NDSN SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Current report
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.