Nano Dimension Ltd.

NNDM
About the company

Nano Dimension Ltd., together with its subsidiaries, provides industrial manufacturing solutions for design-to-manufacturing of electronics and mechanical parts in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Country: United StatesPrice: $1.24Market Cap: $245.8M

Investment snapshot

12%positive consensus
Scored 1d ago

Positive

2

BUY / PASS

Neutral / negative

4 / 10

NEUTRAL / FAIL

Median fair value

—

No comparable estimates

Models with upside

0 / 17

Positive margin of safety

Strongest signal

8 of 12 pass — Graham, Buffett, Lynch +1 more object

Key risk

No clean pass — all 13 investors flag at least one valuation criterion

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILFAIL · Rank #2761 (Top 89.2%)PASSFAILPASSFAILFAILFAILFAILNEUTRALNEUTRALFAILFAILNEUTRALNEUTRAL
Score
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Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Financial Basis

Annual history · FY 2025 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-09-30 · Market data at 2026-11-01

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment · Balance sheet at 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-09-30 · Market data at 2026-11-01

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-09-30 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-09-30

Latest source filing: 2026-11-05

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-03-31

Score computed: 2026-11-14

Where It Passes

  • Debt & Leverage67% pass✓ 11✗ 4▾

    8 of 12 pass — Graham, Buffett, Lynch +1 more object

    LT Debt vs Net Current Assets
    ✗GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: 0.01, IC: -1264.2x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / Equity0.01
    ✓Lynch< 0.33
    Cash - Long-term Debt
    ✗LynchPositive preferred
    LT Debt / Total Assets Change0.00% -> 0.00%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities7.48
    ✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity0.01
    ✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
    Debt Levels0.01
    ✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=-1264.2x, D/EBITDA=N/A
    ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity0.01
    ✓Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)-0.0079; #575/4210 (top 13.7%)
    ✓AsnessTop 30% of eligible cross-section

Where It Falls Short

  • Valuation0% pass✓ 8✗ 20▾

    No clean pass — all 13 investors flag at least one valuation criterion

    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio0.5x
    ✓Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value-318.1%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-318.1%, ROC=-47.8%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS
    ✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    Price / Book Value per Share0.5x
    ✓Dreman< 1.2x✓Templeton< 1.5x✓SchlossP/B <= 0.80x (app cutoff)
    Valuation ReasonablenessOE Yield=-106.2%
    ✗MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldFCF Yield=-29.0%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/B=0.5x
    ✓MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Price / FCF per ShareN/A (negative FCF)
    ✗Ackman<= 25
    Price vs. Trailing Low100% of trailing low ($1.24)
    ✓Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization-119.32%; #5480/6340 (top 86.4%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization+1.7612; #765/6449 (top 11.9%)
    ✓AsnessTop 30% of eligible cross-section
    Price / Diluted EPS
    ✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per Share0.52x
    ✓SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change-82.9%
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+0.4167; #2869/5247 (top 54.7%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization-29.02%; #3647/4519 (top 80.7%)
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date-28.32%; #4341/6202 (top 70.0%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Cash Flow0% pass✓ 1✗ 11▾

    No clean pass — all 10 investors flag at least one cash flow criterion

    Free Cash Flow Proxy$-273.9M
    ✗BuffettPositive and growing
    FCF Positive and Growing$-71.3M
    ✗LynchPositive and growing
    Operating Cash Flow$-70.3M
    ✗PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=-11.01%, ROA=-45.95%
    ✓PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    P/E or FCF YieldFCF Yield=-29.0%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive0/6 years FCF positive
    ✗MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap-27.7%
    ✗Ackman>= 4%
    Price / FCF per ShareN/A (negative FCF)
    ✗Ackman<= 25
    Positive Operating Cash Flow frequency0/6 years positive
    ✗SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$-71.3M
    ✗Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization-29.02%; #3647/4519 (top 80.7%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Profitability13% pass✓ 5✗ 30▾

    14 of 16 flag NNDM's profitability — Graham, Buffett, Lynch +11 more

    Positive EPS (10 years)0/11 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)N/A (negative base EPS)
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)1/11 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)-18.0%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)-137.0% (latest)
    ✓BuffettStable or rising over 10 years
    Free Cash Flow Proxy$-273.9M
    ✗BuffettPositive and growing
    Earnings Variance (10-yr CoV)N/A (negative mean EPS)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROE-53.1%
    ✗Lynch> 15%
    EBIT / Enterprise Value-318.1%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-318.1%, ROC=-47.8%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets-45.95%
    ✗PiotroskiROA > 0
    ROA Change YoY-10.95% -> -45.95% (delta: -35.00%)
    ✗PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=-11.01%, ROA=-45.95%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY43.1% -> 33.5%
    ✗PiotroskiImproved YoY
    Pre-Tax Income / Revenue-105.0%
    ✗Dreman>= 8%
    Net Income / Shareholders' Equity-53.1%
    ✗Dreman> 12%
    Margin of SafetyP/B=0.5x
    ✓PabraiP/B < 1.5 or P/E < 15
    Return on Equity-23.4% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency1/10 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue-137.0%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity-53.1%
    ✗Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend-229.6% (2023) -> -137.0% (2025)
    ✓TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendgross margin 46.3% -> 33.5%, operating margin -229.6% -> -137.0%
    ✓SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization-119.32%; #5480/6340 (top 86.4%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+5.38%; #3084/3702 (top 83.3%)
    ✗AsnessTop 30% of eligible cross-section
    Net income / positive book equity-53.13%; #4244/5226 (top 81.2%)
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.1614; #4001/5884 (top 68.0%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years0/10 years positive
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)
  • Growth13% pass✓ 3✗ 10▾

    7 of 8 flag NNDM's growth — Graham, Lynch, Dreman +4 more

    EPS Growth (3-yr avg, 10-yr window)N/A (negative base EPS)
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthInv: 94.6% vs Rev: 77.3%
    ✗LynchInventory growth < Revenue growth
    EPS Growth Direction$-0.22 (2016) -> $-1.36 (2025)
    ✗DremanPositive over recent years
    EPS CAGR
    ✗Dreman> 5% annualized
    Positive Net Income Frequency1/10 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth29.1%
    ✓Ackman>= 5%
    Positive EPS Growth Frequency2/5 years with positive EPS growth
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendgross margin 46.3% -> 33.5%, operating margin -229.6% -> -137.0%
    ✓SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR97.6%
    ✓SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
  • Verdicts15% pass✓ 2✗ 11▾

    Split decision: 10 FAIL · 4 NEUTRAL · 2 PASS

    Overall verdict
    ✗GrahamFAIL (3/9)✗BuffettFAIL (1/9)✗LynchFAIL (1/7)✗GreenblattRank #2761✓PiotroskiPASS (F-Score 4)✗DremanFAIL (3/11)✓MungerPASS (2/4)✗PabraiFAIL (1/3)✗AkreFAIL (2/6)✗MarksFAIL (1/5)✗AckmanFAIL (3/9)•TempletonNEUTRAL (5/8)•SleepNEUTRAL (4/6)✗AsnessFAIL (Rank #1826/2370 (Top 77.0%))✗NeffFAIL (1/6)•SchlossNEUTRAL (4/7)•OshaughnessyNEUTRAL (Not ranked)
  • Efficiency25% pass✓ 3✗ 8▾

    6 of 8 flag NNDM's efficiency — Buffett, Greenblatt, Piotroski +3 more

    Current Ratio7.48
    ✓Graham>= 2.0
    ROIC (3-5 yr avg)-19.7%
    ✗Buffett> 10%
    ROIC - WACC-29.7%
    ✗BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)-47.8%
    ✗Greenblatt> 25%
    Current Ratio Change YoY26.22 -> 10.02
    ✗PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY0.06x -> 0.16x
    ✓PiotroskiImproved YoY
    Current Assets / Current Liabilities7.48
    ✓Dreman> 1.5
    Return on Invested Capital-20.0%
    ✗Munger> 15%
    ROIC (high and growing)FY2023: ROIC=-10.1%; FY2024: ROIC=-8.2%; FY2025: ROIC=-20.0%
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROICN/A (non-positive net income)
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)0/3 years above 12% (latest -20.0%)
    ✗SleepROIC > 12% in a majority of years

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Electronic Equipment
SIC Sector: Electronic & Electrical Equipment
Size: Micro Cap($245.8M)
Revenue: $102.4M+77.3% YoY
Net Income: $293.3M-196.8% YoY

Financial Snapshot

Operating Margin-137.0%
Return on Equity-53.1%
Debt / Equity0.01
Current Ratio10.02
EPS (Diluted)$-1.36
Shares Retired3.6% / 12.8% 2y

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Shareholder Return

Fiscal 2025

Retired 3.6% of shares last year, 12.8% over two.

Buybacks
—
Dividends
—

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

MetricQ3 FY 2026

2026-07-01 – 2026-09-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, depreciation amortization, capex.

Q2 FY 2026

2026-04-01 – 2026-06-30

Sources · derived quarter values

Derived from cumulative filings: depreciation amortization, capex.

Q1 FY 2026

2026-01-01 – 2026-03-31

Sources
FY 2025
Sources
  • 10-K · 2026-03-31
FY 2024
Sources
  • 20-F · 2025-05-12
FY 2023
Sources
  • 20-F · 2024-03-21
FY 2022
Sources
  • 20-F · 2023-03-30
FY 2021
Sources
  • 20-F · 2022-03-31
Market Cap$245.8Mcurrent----$370.2Mest.$498.4Mest.$572.6Mest.$713.7Mest.$944.6Mest.
Revenue$31.9M$29.0M$29.7M$102.4M↑77%$57.8M↑3%$56.3M↑29%$43.6M↑366%$9.4M
Operating Income-$39.0M-$20.6M-$64.5M-$140.3M↓57%-$89.6M↑31%-$129.3M↑25%-$171.5M--
Net Income-$38.7M-$6.8M-$69.7M-$293.3M↓197%-$98.8M↓77%-$56.0M↑75%-$227.4M↓483979%$47.0K
EPS (Diluted)$-0.18$-0.03$-0.34$-1.36↓202%$-0.45↓96%$-0.23↑74%$-0.88↓6%$-0.83
Gross Margin45.2%45.9%40.8%33.5%↓22%43.1%↓7%46.3%↑44%32.2%↑169%12.0%
Operating Margin-122.1%-71.0%-217.0%-137.0%↑12%-155.1%↑32%-229.6%↑42%-393.1%—
ROE———-53.1%↓362%-11.5%↓108%-5.5%↑72%-19.8%↓565570%0.0%
Total Debt$3.4M$3.3M$3.1M$3.0M↑2055%$138.0K↓56%$316.0K--$5.4M
Shareholders' Equity$432.9M$481.5M$485.4M$552.0M↓36%$860.0M↓15%$1.0B↓12%$1.1B↓14%$1.3B
Current Ratio7.4810.669.0110.02↓62%26.22↑1%25.93↓10%28.74↓30%41.00
Debt / Equity0.010.010.010.01↑3258%0.00↓48%0.00—0.00
Operating Cash Flow-$24.1M---$7.1M-$70.3M↓271%-$18.9M↑72%-$68.7M↑25%-$92.1M↓116%-$42.6M
Free Cash Flow-$24.5M---$7.2M-$71.3M↓238%-$21.1M↑73%-$77.8M↑23%-$101.4M↓94%-$52.4M

Score history

Historical Score Timeline

Industry peers

Industry Peers

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NNDM vs Peers — Financial Grading

Revenue$102.4MBottom 25%
Net Income$293.3MBottom 25%
ROE-53.1%Bottom 25%
D/E0.01Top 25%
Op. Margin-137.0%Bottom 25%
Curr. Ratio10.02Top 25%
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
NVIDIA CORPNVDA$3.93T$162.85$215.9B$120.1B76.3%0.0560.4%3.913/96/93/71/3F-Score 45/11
INTEL CORPINTC$317.1B$59.66$52.9B$267.0M-0.2%0.41-4.2%2.023/90/91/70/3F-Score 63/11
TEXAS INSTRUMENTS INCTXN$277.4B$303.60$17.7B$5.0B30.7%0.8634.1%4.356/95/93/71/3F-Score 77/11
ANALOG DEVICES INCADI$192.8B$397.97$11.0B$2.3B6.7%0.2426.6%2.192/93/94/71/3F-Score 84/11
Motorola Solutions, Inc.MSI$87.8B$531.20$11.7B$2.2B89.4%3.4925.6%1.042/94/93/71/3F-Score 65/11
L3HARRIS TECHNOLOGIES, INC. /DE/LHX$50.7B$272.35—$1.6B8.2%0.57—1.192/92/93/71/3F-Score 73/11
NOKIA CORPNOK$45.7B$8.07$23.4B$764.7M3.1%0.164.4%1.582/91/93/71/3F-Score 53/11
ERICSSON LM TELEPHONE COERIC$34.2B$10.56$25.7B$3.1B26.0%0.3016.3%1.292/95/95/73/3F-Score 77/11