NUVA (Noratis AG) vs DAX Index Comparison

NUVA

DAX Index

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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NUVA

DAX Index

Difference

1Y 3Y 5Y 10Y 15Y 20Y

NUVA

DAX Index

Add Stock

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare

DAX Index

NUVA

1109

688

LODHA

1113

Add Stock

1Y 3Y 5Y 10Y 15Y 20Y

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Noratis AG
Glance View

Market Cap

21.7m EUR

Industry

Real Estate

Noratis AG is a holding company, which engages in the acquisition, development, and sale of residential properties. The company is headquartered in Eschborn, Hessen and currently employs 63 full-time employees. The company went IPO on 2017-06-30. The firm invests in residential properties with technical and commercial development potential in Germany, mainly in small and medium-sized towns or on the outskirts of metropolitan areas. Its properties, preferably housing estates, employee housing and quarters, are upgraded and repositioned through value-enhancing development measures regarding both the buildings and a professional asset management. After development, the properties are either sold or remain in the portfolio of the Company. Sales are carried out using two strategies: Block sales (sales of individual multi-family houses and/or house lines up to entire portfolios) and Retail sales (sales of individual apartments to tenants, owner-occupiers or investors).

View NUVA Analysis

NUVA Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

HK	China Resources Land Ltd HKEX:1109	Add
HK	China Overseas Land & Investment Ltd HKEX:688	Add
IN	Macrotech Developers Ltd NSE:LODHA	Add
HK	CK Asset Holdings Ltd HKEX:1113	Add
HK	Henderson Land Development Co Ltd HKEX:12	Add
CN	Poly Developments and Holdings Group Co Ltd SSE:600048	Add
CN	China Merchants Shekou Industrial Zone Holdings Co Ltd SZSE:001979	Add
CN	China Vanke Co Ltd SZSE:000002	Add
IN	Oberoi Realty Ltd NSE:OBEROIRLTY	Add
CN	Longfor Group Holdings Ltd HKEX:960	Add

HK	China Resources Land Ltd HKEX:1109	Select
HK	China Overseas Land & Investment Ltd HKEX:688	Select
IN	Macrotech Developers Ltd NSE:LODHA	Select
HK	CK Asset Holdings Ltd HKEX:1113	Select
HK	Henderson Land Development Co Ltd HKEX:12	Select
CN	Poly Developments and Holdings Group Co Ltd SSE:600048	Select
CN	China Merchants Shekou Industrial Zone Holdings Co Ltd SZSE:001979	Select
CN	China Vanke Co Ltd SZSE:000002	Select
IN	Oberoi Realty Ltd NSE:OBEROIRLTY	Select
CN	Longfor Group Holdings Ltd HKEX:960	Select

HK	China Resources Land Ltd HKEX:1109	Add
HK	China Overseas Land & Investment Ltd HKEX:688	Add
IN	Macrotech Developers Ltd NSE:LODHA	Add
HK	CK Asset Holdings Ltd HKEX:1113	Add
HK	Henderson Land Development Co Ltd HKEX:12	Add
CN	Poly Developments and Holdings Group Co Ltd SSE:600048	Add
CN	China Merchants Shekou Industrial Zone Holdings Co Ltd SZSE:001979	Add
CN	China Vanke Co Ltd SZSE:000002	Add
IN	Oberoi Realty Ltd NSE:OBEROIRLTY	Add
CN	Longfor Group Holdings Ltd HKEX:960	Add

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CH	G	Galderma Group AG SIX:GALD	Add
US		Halliburton Co NYSE:HAL	Add
IN		Jio Financial Services Ltd NSE:JIOFIN	Add

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NUVA

vs

DAX Index

Stocks Performance
NUVA vs DAX Index

Performance Gap
NUVA vs DAX Index

Performance By Year
NUVA vs DAX Index

Competitors Performance
Noratis AG vs Peers

Noratis AG
Glance View

Company

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NUVA vs DAX Index

Stocks Performance NUVA vs DAX Index

Performance Gap NUVA vs DAX Index

Performance By Year NUVA vs DAX Index

Competitors Performance Noratis AG vs Peers

Noratis AG Glance View

Company

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Tools

Stocks

NUVA

vs

DAX Index

Stocks Performance
NUVA vs DAX Index

Performance Gap
NUVA vs DAX Index

Performance By Year
NUVA vs DAX Index

Competitors Performance
Noratis AG vs Peers

Noratis AG
Glance View