Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Nicolás Correa, S.A. is a Spanish company specializing in the design, manufacture, and sale of advanced CNC milling machines and machining centers. Founded in 1947 in Eibar, Spain, as a modest workshop producing the F0 milling machine, it has evolved into a global leader in precision engineering, now headquartered in Burgos with 491 employees. The company offers diverse products including bed type, traveling column, gantry, bridge type, and multitasking machines, along with specialized milling heads like the patented 2014 UDX head capable of 10,000 rpm, and innovative ranges such as FOX and AXIA featuring 'box in box' technology for enhanced precision. These machines serve critical sectors including aeronautics, automotive, railway, wind energy, capital goods, energy, general machining, and oil & gas, with applications engineering and after-sales support. Nicolás Correa, S.A. maintains a strong international footprint, exporting 90% of production to markets like China, the USA, and India, bolstered by subsidiaries and strategic expansions such as a technology center in Pune. Listed on the Madrid Stock Exchange since 1989, it reported record 2024 sales of €121.49 million and net income of €13.7 million, reflecting sustained growth and innovation in the machine tool industry.
€9.56
€0.22 (-2.25%)
EOD Jun 23, 2026 · Twelve Data
12.65% operating margin is respectable but not wide. ROIC at 12.38%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 2.0% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 110% versus the prior year, cash generation momentum has weakened. ROIC dropped from 16.05% to 12.38%, capital efficiency is deteriorating.
9.5x earnings. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€119M
▼ -2.0% YoY
Net Income (TTM)
€12M
▼ -12.0% YoY
Op. Margin
12.65%
▼ -1.4pp YoY
ROIC
12.38%
▼ -3.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€1M
▼ -109.9% YoY
Op. Cash Flow (TTM)
€7M
▼ -69.8% YoY
Net Debt
-€13M
Net Cash Position
Cash & Equiv.
€26M
3Y CAGR: +6.7%
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