Nano Dimension (NASDAQ: NNDM)

Last close As at 19/07/2024

USD2.29

0.00 (0.00%)

Market capitalisation

USD507m

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 ripe for consolidation as many peers have limited cash runways. There was a high level of bid activity in 2023 that did not culminate in any completed deals, but we expect further M&A activity this year as industry participants shift their focus from growth to profitability.

Latest Insights

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TMT | Flash note

Nano Dimension — Agreement to acquire Desktop Metal

TMT | Update

Nano Dimension — Material reduction in cash burn

TMT | Update

Nano Dimension — Growth in a tough market

TMT | Flash note

Nano Dimension — Share buyback underway

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 1.8 (5.8) (27.5)
Relative 0.7 (14.8) (40.5)
52 week high/low US$3.3/US$2.1

Financials

Nano Dimension has entered into a definitive agreement to acquire Desktop Metal (DM) in an all-cash deal worth $185m ($5.50 per DM share), with potential adjustments that could reduce it to $135m ($4.07 per share). The deal is subject to regulatory approvals and DM shareholder approval and is expected to close in Q424. With complementary product lines, the combined entity will offer a broad range of additive manufacturing solutions covering multiple verticals and materials, supporting the entire value chain from prototyping through to mass manufacturing.

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (fd) (c) P/E (x) P/CF (x)
2022A 43.6 (91.3) (96.4) (37.05) N/A N/A
2023A 56.3 (99.9) (59.0) (23.35) N/A N/A
2024E N/A N/A N/A N/A N/A N/A
2025E N/A N/A N/A N/A N/A N/A

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