Nano Dimension Ltd. American Depositary Shares (NNDM)

FairStock Score: 49/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am wary of businesses that consume capital while telling a promising story. Nano Dimension sells industrial manufacturing systems for electronics and mechanical parts. Its filed revenue has grown: fiscal 2025 revenue was $102.4M, up from $57.8M in fiscal 2024. Yet the company lost $293.3M in fiscal 2025, worse than the $98.8M loss in fiscal 2024 and the $56.0M loss in fiscal 2023. The latest quarter, fiscal Q2 2026 ended 2026-06-30, showed revenue of $29.0M and a net loss of $6.8M, much better than the $181.0M loss in fiscal Q2 2025. Still, fiscal Q1 2026 ended 2026-03-31 had a $69.7M loss, and trailing free cash flow was negative $66.7M. At the 2026-10-13 close of $1.45, FairStock calculated a P/B of 0.63, a P/E of -2.20, an FCF yield of -21.8%, ROE of -24.52%, ROCE of -5.75%, a Piotroski F-Score of 5/9, and an Altman Z-Score of 0.74. Low debt, with D/E of 0.06, is a comfort, and the price is below book value. But a low price to book is not a moat. Competition in computer hardware and additive manufacturing is intense, and scale matters. No Lynch category fits because the company has lost money in each of the last three years. Until Nano Dimension shows consistent positive earnings and free cash flow, the valuation rests more on asset value and hope than proven earning power. I would want evidence of durable profitability before treating this as a classic value opportunity.

In plain English: Nano Dimension makes machines and materials used to design and produce electronics and mechanical parts. The business is still losing money, though its latest quarterly loss was much smaller than a year earlier. At $1.45 a share, it trades below the value of its net assets on its books, which can look cheap, but because it is unprofitable and burning cash, the price is hard to call truly cheap or fair using ordinary business results.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer