Nordson: Re-Rated, Perhaps Too Much

Dec. 27, 2021 9:34 AM ETNordson Corporation (NDSN)2 Comments

Summary

  • Nordson has seen a very strong 2021, with momentum set to continue into 2022.
  • The company has recently announced a nice bolt-on deal. The balance sheet still leaves plenty of room to pursue more deals.
  • This and a very strong track record is to be applauded. But at nearly 30 times earnings and with margins reported at historically high levels, I urge for some caution.
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De lijst van de close-up zijn muntstukken die in houten blokken groeien

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Nordson (NASDAQ:NDSN) has been one of these hidden gems, although not such a hidden gem anymore, with a phenomenal track record of creating long-term shareholder value. My last take on the business dates all the way back to

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This article was written by

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The writer is a long term value investor and M.Sc graduate in Financial Markets with over 10 years experience. Value can be found in both long and short ideas and uses options to enhance the risk-return profile of investment ideas. Disclaimer: This article provides opinions and information, but does not contain recommendations or personal investment advice to any specific person for any particular purpose. Do your own research or obtain suitable personal advice.

Disclosure: I/we have a beneficial long position in the shares of NDSN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Considering to sell the shares at these levels.

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