One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Nano Dimension Ltd.
NNDM · NCM · Technology · Computer Hardware
Current price
$1.58
52-week range
$1.19 - $2.32
Market cap
$333.13M
Balance sheet
Healthy
-821.51x Concerning
Net cash $404.85M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
2 Risks
1 rewards · 2 risks
- Reward Revenue grew 68.5% last year.
- Risk Return on equity was -24.5% last year — the company lost money on shareholders' equity.
- Risk Insider ownership is only 4.0% (peer median: 5.3%).
What this company does
Nano Dimension Ltd.
Nano Dimension builds and sells advanced 3D printers and the specialized materials they use, which are designed to create complex electronics and mechanical parts. It primarily makes money from selling these systems to high-tech industries like aerospace, defense, and medicine. This matters because it allows these companies to produce custom components on-site, potentially shortening their supply chain (the entire process of making and delivering a product).
How the company got here
Founded in 2012, Nano Dimension started with a unique idea: 3D printing complex electronics like circuit boards. [17, 20] After raising a significant amount of money, it went on a shopping spree, buying several other technology companies to expand its capabilities. [9, 28] These acquisitions (when one company buys another) brought in new technologies for printing with metal and ceramics, artificial intelligence software, and robotic systems for assembling electronics. [12, 16] This rapid growth through purchasing other companies, including major players like Desktop Metal and Markforged, has transformed it from a niche electronics printer into a broad digital manufacturing company. [21]
What it actually does
Nano Dimension creates and sells advanced 3D printing systems, which are often called additive manufacturing machines. [8, 11] Instead of starting with a block of material and cutting it down, these machines build objects layer by layer from digital designs. [11] The company's products include the specialized inks and materials used in the printers as well as the software that runs them. [16, 20] Companies in industries like aerospace, defense, and medicine use these systems to quickly create test versions (prototypes) and finished parts for their own products. [3, 8]
Additively Manufactured Electronics (AME)
This is the company's original and most unique business, focused on 3D printing fully functional electronic devices. [1, 16] Customers, typically research and development labs, can use these systems to produce a working circuit board prototype in-house in a matter of hours instead of weeks. [24] This part of the business sells the specialized printers and the conductive (able to carry electricity) and dielectric (insulating) inks required for the process. [16] It represents a new way to create electronics for industries that need to innovate quickly. [6]
Industrial 3D Printing
Through its acquisitions of companies like Desktop Metal and Markforged, Nano Dimension now has a large business in industrial-grade 3D printing. [9, 21] This segment provides machines that can create strong, complex parts out of materials like metal, sand, and polymers. [11, 17] Customers are often in the automotive or industrial sectors who pay for these systems to produce everything from machine components to molds for manufacturing. This is a significant and growing part of the company's overall business.
Surface-Mount Technology (SMT)
This business line comes from the purchase of a company called Essemtec. [12] SMT machines are essentially small, precise robots that automatically pick up and place tiny electronic components, like computer chips, onto circuit boards. [22] This is a standard part of making most electronics today, and customers buy these systems to automate their production lines. This technology works with both traditionally made circuit boards and the new ones created by Nano Dimension's AME printers. [12, 22]
Printing Technology & Software
This part of the company provides the underlying technology that makes advanced printing possible. It includes highly specialized hardware and software that controls how the printing materials are deposited with extreme precision. [12] It also includes artificial intelligence (AI) software that helps make the manufacturing process smarter by allowing machines to learn and correct errors on their own. [12] Customers who buy the company's printing systems are also buying this integrated technology that makes them run.
What management is betting on now
Management's main focus is on successfully combining its many acquired companies into a single, profitable business. [5, 21] They are working to streamline everything from manufacturing to the supply chain (the network of companies that provides raw materials and services). [5] The company's long-term goal is to become a leader in what it calls "digital manufacturing," providing a complete, intelligent system for making complex parts for high-tech industries. [5] The company is also conducting a broad strategic review to maximize shareholder value (the return for people who own a piece of the company), which could lead to new business directions. [23, 28]
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$-21.12M
FY2025 Q1
$-7.77M
FY2025 Q2
$-50.76M
FY2025 Q4
$-20.28M
FY2026 Q1
$-7.25M
FY2026 Q2
$-31.00M
Revenue
$28.96M
Net income
$-6.80M
Diluted EPS
-0.03
Operating cash flow
$-30.95M
Free cash flow
$-31.00M
Fetching…
Sources
Revenue
$29.73M
Net income
$-69.66M
Diluted EPS
-0.34
Operating cash flow
$-7.08M
Free cash flow
$-7.25M
Fetching…
Sources
Revenue
$88.04M
Net income
$-267.98M
Diluted EPS
-1.24
Operating cash flow
$-19.67M
Free cash flow
$-20.28M
Fetching…
Sources
Revenue
$25.84M
Net income
$-181.04M
Diluted EPS
-0.83
Operating cash flow
$-50.59M
Free cash flow
$-50.76M
Fetching…
Sources
Revenue
$14.40M
Net income
$-25.31M
Diluted EPS
-0.12
Operating cash flow
$-7.48M
Free cash flow
$-7.77M
Fetching…
Sources
Revenue
$57.77M
Net income
$-98.83M
Diluted EPS
-0.45
Operating cash flow
$-18.92M
Free cash flow
$-21.12M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $1.58
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $404.8M - more cash than debt. Interest coverage -821.5x.
Net debt
$-404.85M
Interest coverage
-821.51x
Nano Dimension Ltd.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 2 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
NNDM
BASELINE
Nano Dimension Ltd.
Total debt $27.25M Interest coverage -821.51x This is the baseline the peer rows are being compared against.
Total debt $25.41M Interest coverage -6.98x Neither company has much profit cushion over interest right now.
Total debt $152.19M Interest coverage -18.47x Neither company has much profit cushion over interest right now.
Total debt $67.72M Interest coverage 5.22x This peer still has a real interest-payment cushion, while NNDM does not.
What you should know
The case for and against NNDM
1 Reward
2 Risks
Rewards
-
Revenue grew 68.5% last year.
Risks
-
Return on equity was -24.5% last year — the company lost money on shareholders' equity.
-
Insider ownership is only 4.0% (peer median: 5.3%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
158.00x
P/B
0.69x
P/S
2.76x
EV/EBITDA
1.48x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
38.8%
Operating margin
-47.7%
Net margin
-135.2%
ROE
-24.5%
ROA
-5.7%
Health
Liquidity and balance-sheet strength
Debt / equity
0.06x
Current ratio
10.66x
Quick ratio
9.77x
Total debt
$27.25M
Total cash
$432.10M
Growth
How the business has been compounding
Revenue TTM
$172.56M
Revenue 5Y CAGR
81.9%
EPS TTM
-0.66
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-108.30M
Free CF TTM
$-102.35M
FCF margin
-59.3%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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