olivLaw · European equity research
Nexity Global S.A. NXG.WA
Poland · GPW Warszawa · ISIN PLWDMCP00013 · Vertical: Listed companies from Poland
Nexity Global S.A. is a Polish company based in Krakow, active in electromobility, particularly electric vehicle charging. In 2021 it reported large losses and negative equity, and management flagged significant uncertainty about continuing operations linked to a term sheet for a merger with THE BATTERIES sp. z o.o. Revenue in 2021 was 571.1 mln PLN and the net loss was 6108.1 mln PLN.
At the close of 05 Nov 2026, Nexity Global S.A. (NXG.WA) stock was 1.41 PLN (−4.73% on the day), with beta 0.06, 52-week range 0.76–2.60 PLN.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 47.1
- neutral
- Bollinger (20, 2)
- 1.33 – 1.62
- in the lower half of the band · %B 0.29 · band width 19.8%
- SMA 50 / 200
- 1.47 / 1.15
- mixed trend
- MACD (12, 26, 9)
- -0.01 / -0.01
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −6.6% | −0.6% | −6.0 pp | — |
| 3 months | +84.3% | −4.2% | +88.5 pp | — |
| 6 months | +30.6% | +4.3% | +26.2 pp | — |
| Year to date | +17.5% | +7.5% | +10.0 pp | — |
| 1 year | −35.9% | +9.9% | −45.8 pp | +7.1% |
| 3 years | −51.4% | +49.8% | −101.2 pp | +3.3% |
| 5 years | −49.6% | +42.8% | −92.5 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2020 | 2021 |
|---|---|---|
| Revenue | 173.0 k | 571.1 k |
| Revenue YoY | unavailable | +230.2% |
| Net income | -1.5 m | -6.1 m |
| Net income YoY | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable |
| net % | -885.4% | -1,069.5% |
| Free cash flow | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2021 · 31 Dec 2021
- Cash
- 139.1 k PLN
- Financial debt
- 0 PLN
- Net debt
- -139.1 k PLN
- Equity
- -1.2 m PLN
- Total assets
- 2.8 m PLN
- Debt / equity
- unavailable
- Current ratio
- 0.66x
- ROE
- unavailable
- ROA
- -136.5%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (PLN)
Margins
Income statement · PLN
| Line | 2020 | 2021 | Source (latest year) |
|---|---|---|---|
| Revenue | 173.0 k | 571.1 k | esef· 26 May 2022verified |
| Gross profit | -2.6 m | -4.8 m | esef· 26 May 2022verified |
| Operating income | -1.6 m | -5.1 m | esef· 26 May 2022verified |
| Depreciation & amortisation | 101.0 k | 660.0 k | esef· 26 May 2022verified |
| EBITDA | -1.5 m ≈ | -4.4 m ≈ | esef· 26 May 2022derived |
| Interest expense | 19.8 k | 1.1 m | esef· 26 May 2022verified |
| Pre-tax income | -1.5 m | -6.1 m | esef· 26 May 2022verified |
| Income tax | 13.6 k | 2.2 k | esef· 26 May 2022verified |
| Net income | -1.5 m | -6.1 m | esef· 26 May 2022verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · PLN
| Line | 2020 | 2021 | Source (latest year) |
|---|---|---|---|
| Cash | 542.4 k | 139.1 k | esef· 26 May 2022verified |
| Receivables | 152.0 k | 322.1 k | esef· 26 May 2022verified |
| Inventories | 495.1 k | 1.2 m | esef· 26 May 2022verified |
| Current assets | 4.5 m | 2.6 m | esef· 26 May 2022verified |
| Property, plant & equipment, net | 483.8 k | 56.8 k | esef· 26 May 2022verified |
| Goodwill | 963.4 k | 0 | esef· 26 May 2022verified |
| Intangibles (excl. goodwill) | 142.1 k | 111.0 k | esef· 26 May 2022verified |
| Total assets | 6.1 m | 2.8 m | esef· 26 May 2022verified |
| Accounts payable | 332.1 k | 1.1 m | esef· 26 May 2022verified |
| Long-term debt | 0 | 0 | esef· 26 May 2022verified |
| Current liabilities | 810.7 k | 4.0 m | esef· 26 May 2022verified |
| Total liabilities | 6.1 m | 2.8 m | esef· 26 May 2022verified |
| Equity | 4.9 m | -1.2 m | esef· 26 May 2022verified |
Cash flow · PLN
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 3 of at least 6
- score weight coverage: 16.7% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
17% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 16.7% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -1,069.5% | 5 (vs peers) | 38% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -4.6x | 0 (on a fixed band) | 38% |
| Current ratio · Balance sheet | 0.7x | 0 (on a fixed band) | 25% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet0/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial5/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Nexity Global Spółka Akcyjna (NXG.WA). Latest full fiscal year: 2021; data up to 2021-12-31.
Figures computed from the financial statements: revenue 571.1 k PLN in 2021; YoY growth 230.2%; net margin -1,069.5%; ROE -324.1%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 16.7% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Net margin: -1,069.5%
- Interest coverage: -4.6x
- Current ratio: 0.7x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Poland · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BDX.WABudimex Spółka Akcyjna | 19.3 bn | 36.1 | 41.5% | 6.2% | +8.9% | +21% / +36% |
| ACP.WAAsseco Poland S.A. | 19.2 bn | 38.1 | 7.8% | 2.9% | +19.8% | +19% / +202% |
| BFT.WABenefit Systems Spółka Akcyjna | 18.1 bn | 131.1 | 20.8% | 7.2% | +99.9% | +74% / +221% |
| ASE.WAAsseco South Eastern Europe Spółka Akcyjna | 3.7 bn | 19.8 | 18.1% | 12.0% | +36.5% | +7% / +52% |
| 1AT.WAAtal Spółka Akcyjna | 2.3 bn | 6.4 | 29.8% | 22.2% | −1.3% | +7% / +8% |
| ATT.WAGrupa Azoty Spółka Akcyjna | 1.7 bn | — | -37.9% | -20.8% | −45.1% | −10% / −22% |
| ARH.WAArchicom Spółka Akcyjna | 1.3 bn | 12.1 | 15.9% | 22.1% | −21.6% | +13% / +89% |
| ACT.WAAction S.A. | 997.4 m | 27.1 | 8.3% | 1.5% | +6.1% | +70% / +170% |
| BRS.WABoryszew Spółka Akcyjna | 889.2 m | 8.3 | 6.3% | 1.6% | +8.4% | −24% / −26% |
| AGO.WAAgora Spółka Akcyjna | 601.9 m | — | -14.2% | -9.2% | +15.2% | +40% / +21% |
| AMB.WAAmbra S.A. | 468.0 m | 7.6 | 16.4% | 7.0% | +12.9% | +5% / −33% |
| ATC.WAArctic Paper Spółka Akcyjna | 357.2 m | 1.4 | 16.3% | 7.0% | −27.5% | −38% / −75% |
| ATG.WA"atm Grupa Spółka Akcyjna" | 299.3 m | 11.1 | 8.9% | 11.6% | −22.0% | −11% / +3% |
| ART.WAArtifex Mundi S.A. | 226.6 m | 17.4 | 35.7% | 33.3% | +51.9% | +46% / +12% |
| APN.WAAPLISENS Spółka Akcyjna | 194.6 m | 9.5 | 11.4% | 13.8% | +21.8% | −1% / −21% |
| BMC.WABumech Spółka Akcyjna | 155.7 m | — | -3.4% | -3.9% | −40.0% | −37% / −49% |
| ALI.WAALTUS Spolka Akcyjna | 153.9 m | 16.8 | 7.9% | 16.9% | +30.3% | +34% / +48% |
| BBT.WABoomBit Spółka Akcyjna | 71.4 m | 4.5 | 20.7% | 6.4% | −16.5% | −19% / −57% |
| BBD.WABbi Development S.A. | 54.1 m | 1.1 | 36.0% | 208.3% | +50.2% | +1% / +9% |
| ALG.WAAll in! Games Spółka Akcyjna | 39.8 m | — | — | -156.9% | −72.2% | −27% / −56% |
| BMX.WABioMaxima Spółka Akcyjna | 37.0 m | 63.2 | 1.2% | 1.3% | −67.5% | −29% / −45% |
| 06N.WAMagna Polonia Spółka Akcyjna | 31.3 m | 0.5 | 115.4% | 964.7% | +13.0% | −28% / −42% |
| BCM.WABETACOM Spółka Akcyjna | 26.7 m | 17.6 | 8.0% | 0.9% | +21.3% | +8% / +4% |
| AWM.WAAirway Medix Spółka Akcyjna | 14.3 m | — | -25.8% | -117,400.0% | −97.7% | −23% / −43% |
| ASM.WAAsm Group Spółka Akcyjna | 7.2 m | — | -6.6% | -1.2% | +1.9% | −70% / unavailable |
1- and 3-year price returns: for NXG.WA from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Nexity Global S.A. is a Polish company based in Krakow, active in electromobility, particularly electric vehicle charging. In 2021 it reported large losses and negative equity, and management flagged significant uncertainty about continuing operations linked to a term sheet for a merger with THE BATTERIES sp. z o.o. Revenue in 2021 was 571.1 mln PLN and the net loss was 6108.1 mln PLN.
SWOT
Strengths
- The company holds an integrated position in electric vehicle charging through its subsidiary and keeps its focus on electromobility 1.
- Concentrated ownership gives a clear decision structure for principal shareholders, who have stated financial support for the next 12 months 1.
- The merger plan brings a team with technology experience in thin-film batteries, with potential for differentiation 1.
Weaknesses
Opportunities
- Rising numbers of electric vehicles could generate more demand for charging services if the company expands its network 1.
- Completing the merger with THE BATTERIES could open access to new technology and to licensing or large-scale production 1.
- Partnerships with shareholders and investors from the energy sector could support funding of research and development projects 1.
Threats
- If the merger does not close, the company could be left without a clear growth plan 1.
- If shareholders withdraw financial support, the company could struggle to meet its obligations 1.
- Competition in electric vehicle charging is intense, and the company could lose customers if it does not expand its offer quickly 1.
Risks
- Uncertainty about continuing operationshigh
Management identified a significant risk that the transaction in the term sheet does not proceed, which could affect the company's existence 1.
- Negative equityhigh
Commercial law requires a general meeting to decide on the company's continued existence, which creates pressure on shareholders 1.
- Dependence on shareholder supporthigh
Funding depends on shareholder commitments, which could fail to hold if the financial position deteriorates further 1.
- Limited liquiditymedium
Cash fell sharply in 2021 and short-term debt increased, which could limit the ability to meet payments 1.
- Technology executionmedium
Moving thin-film battery technology from research to large-scale production could face technical and cost difficulties 1.
Investment thesis
What would need to be true (bull case)
- If the merger with THE BATTERIES completes and the technology proves scalable, the company could gain a new position in battery production 1.
- Wider adoption of electric vehicles could support demand for the charging services offered by the company's subsidiary 1.
- Stated shareholder support could sustain operations in the short term, giving time for reorganisation 1.
What would break the thesis
- Negative equity and the large 2021 loss show current activity does not cover costs, and the company could need additional capital 1.
- If the term sheet does not become a firm contract, the company could lack a credible growth plan 1.
- Management acknowledges significant uncertainty about continuing operations, which could weigh on investor confidence 1.
What to watch
- Signing of a final agreement with THE BATTERIES or abandonment of the transaction2022
- Decision of the general meeting on the company's existence under art. 397 of the Commercial Companies Code2022
- Trend in net loss and equity in the next report2022
- Confirmation of shareholder financial support for 12 months2022
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The Nexity Global group includes the parent Nexity Global S.A. in Krakow and subsidiaries Nexity Sp. z o.o., which covers electric vehicle charging across the electromobility value chain, and Nexity V2X Sp. z o.o., set up in 2020 for research and development in electromobility projects. According to the 2021 annual report, revenue comes from service provision, and the company intends to continue operating in electromobility 1. In March 2022 the company signed a term sheet with THE BATTERIES sp. z o.o. and other shareholders for a possible reverse takeover, a document that does not oblige the parties to sign a final agreement 1.
The 2021 financial position is fragile: equity turned negative at -1169.7 mln PLN and cash fell to 139.1 mln PLN 1. Management noted the transaction in the term sheet may not be completed and that a general meeting must be convened to decide on the company's continued existence under art. 397 of the Commercial Companies Code 1.
Ownership is concentrated: the largest shareholder held 32.36% of capital and votes at 31.12.2021, with the remainder spread among several investors 1. The company is in a transition phase, combining its electromobility activity with plans to integrate a new thin-film battery technology business 1.
Segments
Market context
The 2021 report describes the market only in general terms as electromobility, without size or market share data 1. Sales and losses suggest the business was still at an early stage relative to operating costs 1.
The timeline for this segment depends on finishing negotiations with THE BATTERIES and on the group's ability to fund operations over the next 12 months, based on shareholder commitments flagged by management 1.
Trends
- Growth in electric vehicle chargingtailwind
The company builds its business on electric vehicle charging, an area that could benefit from wider adoption of electric cars if demand materialises 1.
- New battery technologiesmixed
The merger plan with THE BATTERIES targets thin-film batteries, a technology that could open new revenue streams if the production process reaches commercial scale 1.
- Dependence on shareholder fundingheadwind
Continued operations rely on financial support from shareholders, which management considers secured for 12 months but which could prove insufficient if losses continue 1.
- High operating costsheadwind
General costs rose sharply in 2021 compared with 2020, which deepens losses if revenue does not grow in parallel 1.
Competitive position
The annual report does not name competitors. The electric vehicle charging market is contested by network operators, energy companies and equipment suppliers, but the source gives no list, so exposure cannot be quantified 1.
The advantage management claims relates to the battery technology in the merger plan, not to the current position in charging, where no comparative data is presented 1.
- Charging network operators
Companies offering electric vehicle charging services; the source does not name them but they are direct competition.
- Energy companies and utilities
Energy firms that could build their own charging networks; not explicitly mentioned in the source.
- Charging equipment manufacturers
Makers of charging stations that could integrate services; not identified in the report.
- Thin-film battery producers
Companies in battery technology, relevant to the planned integration with THE BATTERIES; not named in the source.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202126 May 2022
Sources
- [1] Annual report, fiscal year ended 2021-12-31 (ESEF) · SEC / Nexity Global S.A. · 31 Dec 2021
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.