Tearsheet

Nomadar (NOMA)


Market Price (3/30/2026): $3.77 | Market Cap: $59.4 Mil
Sector: Consumer Discretionary | Industry: Leisure Facilities

Nomadar (NOMA)


Market Price (3/30/2026): $3.77
Market Cap: $59.4 Mil
Sector: Consumer Discretionary
Industry: Leisure Facilities

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Weak multi-year price returns
2Y Excs Rtn is -104%, 3Y Excs Rtn is -144%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -1.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -154%
1  Expensive valuation multiples
P/SPrice/Sales ratio is 67x
2  Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -205%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -205%
3  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.1%
4  High stock price volatility
Vol 12M is 150%
5  Key risks
NOMA key risks include [1] its precarious financial position and critical dependence on external funding to sustain operations, Show more.
0 Weak multi-year price returns
2Y Excs Rtn is -104%, 3Y Excs Rtn is -144%
1 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -1.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -154%
2 Expensive valuation multiples
P/SPrice/Sales ratio is 67x
3 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -205%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -205%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.1%
5 High stock price volatility
Vol 12M is 150%
6 Key risks
NOMA key risks include [1] its precarious financial position and critical dependence on external funding to sustain operations, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Nomadar (NOMA) stock has lost about 55% since 11/30/2025 because of the following key factors:

1. Persistent Unprofitability and Minimal Revenue Growth: Nomadar Corp. demonstrated significant financial challenges, reporting negative net margins of -214.22% and operating margins of -153.84% as of March 2026. The company's total revenue for 2025 was $0.89 million, with no growth over the preceding three years, and it held a negative price-to-earnings (P/E) ratio of -131. The company only began generating revenue in 2025. This sustained lack of profitability and limited revenue growth were core drivers of the stock's decline.

2. Negative Analyst Sentiment and Downgrades: Investment analysts issued bearish ratings on Nomadar (NOMA) during the period. Weiss Ratings initiated coverage with a "sell (e-)" on January 28, 2026, while Wall Street Zen downgraded the stock to a "sell" on December 6, 2025, contributing to an overall "Sell" rating for the company. These negative revisions likely eroded investor confidence and put downward pressure on the stock price.

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Stock Movement Drivers

Fundamental Drivers

The -57.1% change in NOMA stock from 11/30/2025 to 3/29/2026 was primarily driven by a -57.1% change in the company's P/S Multiple.
(LTM values as of)113020253292026Change
Stock Price ($)8.783.77-57.1%
Change Contribution By: 
Total Revenues ($ Mil)110.0%
P/S Multiple156.367.1-57.1%
Shares Outstanding (Mil)16160.0%
Cumulative Contribution-57.1%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/29/2026
ReturnCorrelation
NOMA-57.1% 
Market (SPY)-5.3%2.6%
Sector (XLY)-10.4%-5.5%

Fundamental Drivers

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Market Drivers

8/31/2025 to 3/29/2026
ReturnCorrelation
NOMA  
Market (SPY)0.6%4.1%
Sector (XLY)-8.5%-4.4%

Fundamental Drivers

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Market Drivers

2/28/2025 to 3/29/2026
ReturnCorrelation
NOMA  
Market (SPY)9.8%4.1%
Sector (XLY)-1.3%-4.4%

Fundamental Drivers

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Market Drivers

2/28/2023 to 3/29/2026
ReturnCorrelation
NOMA  
Market (SPY)69.4%4.1%
Sector (XLY)49.0%-4.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NOMA Return-----79%-21%-83%
Peers Return12%-17%6%30%43%9%99%
S&P 500 Return27%-19%24%23%16%-5%72%

Monthly Win Rates [3]
NOMA Win Rate----0%33% 
Peers Win Rate48%33%40%58%53%60% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
NOMA Max Drawdown-----79%-23% 
Peers Max Drawdown-17%-27%-19%-7%-16%-4% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-5% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSGS, TKO, LYV, BATRA, SPHR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)

How Low Can It Go

NOMA has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.

Unique KeyEventXLYS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-40.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven67.4%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven680 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-33.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven51.3%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven82 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-21.9%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven28.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven105 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-60.1%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven150.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven779 days1,480 days

Compare to MSGS, TKO, LYV, BATRA, SPHR

In The Past

SPDR Select Sector Fund's stock fell -40.3% during the 2022 Inflation Shock from a high on 11/19/2021. A -40.3% loss requires a 67.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Nomadar (NOMA)

We are the innovation arm of Cádiz CF, a professional soccer club which currently competes in the Segunda División. We currently have four proposed business verticals, which are in various stages of development. Through June 30, 2025, the Company had engaged in limited operations until 2025 when the Company began generating revenue from providing services under commercial contracts and purchase orders entered into in the ordinary course of business. On January 10, 2025, the Company entered into a framework agreement with Cádiz CF, whereby, among other things, Cádiz CF agreed to provide technical training staff for players enrolled in the Company’s programs, and the Company agreed to integrate the Company’s training methodologies into Cádiz CF’s training sessions (the “Framework Agreement”). The Framework Agreement provides that Nomadar will: (i) coordinate the registration and enrollment of international players; (ii) manage accommodation for the players, (iii) coordinate with Cádiz CF technical staff; (iv) provide training equipment, and merchandising; and (v) integrate Nomadar’s training methodologies into the Cádiz CF training sessions. It further provides that Cádiz CF will: (i) provide coaching staff; (ii) integrate these international players into Cádiz CF youth academy teams; and (iii) organize matches. Pursuant to the Framework Agreement, each party shall issue the corresponding invoices, indicating the relevant service and concept. The Company anticipates that all specific services to be provided by Cádiz CF to Nomadar shall be paid for by Nomadar according to each player’s use and participation in each program. The Framework Agreement is effective for three (3) years, renewable by written agreement; provided, however, that either party may terminate the Framework Agreement with 60 days’ prior written notice. The Company intends the services to be provided pursuant to terms and at costs that are no less favorable than those provided to or by independent third parties under the same circumstances. The Framework Agreement became effective at execution on January 10, 2025. All specific services provided under the Framework Agreement and the related payments for such services will be set forth in subsequent annexes to the Framework Agreement, negotiated and agreed upon in due course between the Company and Cádiz CF, and will be disclosed at such times. In addition to training-related services, the Company also began generating event-related revenue in 2025 pursuant to agreements entered into under the Stadium Agreement with Cádiz CF. These contracts include a non-refundable up-front fee due at the closing of the contract as well as variable consideration in the form of a percentage of ticket sales earned by the event coordinator. On January 12, 2025, the Company entered into an agreement with ENJOYFOOTBALL, S.L., a Spanish limited liability company and youth soccer coaching organization (“EJB”), whereby EJB agreed to enroll players into the Company’s training programs and the Company agreed to provide training and related services to these players. Other than the entry into these commercial agreements, substantially all activity for the period from August 8, 2023 (inception) through June 30, 2025 relates to the Company’s formation and the proposed direct listing, transactions entered into to consummate the direct listing, as well as the Company’s efforts to execute the Company’s various license and fundraising agreements further described herein. Multi-Purpose Event Center Sportech and the Company intend to enter into a five-year lease agreement with a purchase option pursuant to which Sportech will lease to the Company the land on which we intend to construct the space we refer to as Sportech City (“Sportech City”), in Cádiz, Spain. Once complete, the facility is planned to span over approximately 110,000 m², and feature a venue, which can host concerts and sporting events, with seating for over 40,000 fans, a world-class hotel and convention center with commercial area, a sports clinic, gym & spa, and food court. Adjacent to the event center, the proposed creation of an approximately 20,000 m2 commercial space will mirror a forward-thinking approach to crafting a modern, open, and bright commercial environment. Another cornerstone of Sportech City will be a dedicated culinary area, proposed to span approximately 3,000 m². Site plans currently include space for up to 56 commercial vendors and 17 food and beverage vendors. Commercial spaces will focus primarily on luxury retail, sporting stores, and more. Food and beverage offerings are expected to feature local establishments ranging from fast casual to gourmet options. Although these are our current plans, site plans are subject to change. The Cádiz region in Spain has strong connectivity to Cádiz CF, which was established in 1910. We believe Cádiz will be the ideal location at the intersection of innovation, sports, entertainment, health, tourism and technology as Nomadar not only contributes to the development of future stars but also builds a loyal community of athletes and families. Locally, Cádiz CF has a loyal fan base, with the majority of Cádiz’s soccer fans being supporters of Cádiz CF. This is reflected by more than 18,000 season ticket holders. Additionally, through its association with figures like Mágico González and its commitment to celebrating cultural heritage, Nomadar taps into deep-seated fan loyalties and cultural narratives. This not only strengthens its brand identity but also fosters a strong emotional connection with its audience in the region. Sportech City will be within two hours of two international airports, Málaga and Sevilla, which will also allow easy access for fans located internationally. Construction is scheduled to begin in 2026 and we anticipate construction will be completed by or around 2030. As of the date hereof, the Company does not have the required funding to develop Sportech City, and the lease agreement will not be entered into or effective prior to the listing of our common stock. High Performance Training Program Since 2022, Cádiz CF has offered an educational program in partnership with and through institutions across the United States, Canada, and Europe. This program, which we refer to as the High Performance Training Program (the “Nomadar HPT”), is designed for young athletes both under and over 18 years of age, to study, live, and immerse themselves in an elite soccer program. In August 2024, we entered into an exclusive license agreement with Cádiz CF, granting Nomadar the exclusive rights to the business, know-how, and general operations (the “HPT Rights”) of the High Performance Training Program (the “HPT License Agreement”). We intend to leverage the Nomadar HPT by offering the Nomadar HPT training methodology through our partner organizations to online subscribers. Online subscribers may gain access to a full suite of professional-level training and diet regimens, among other benefits. Since the commencement of the High Performance Training Program in 2022, approximately 700 athletes have historically enrolled in the High Performance Training Program at the Cádiz CF Academy, with 100% attending in-person. Graduates of the program have gone on to play at a variety of reputable clubs across La Liga, including Sevilla Atl, Racing de Santander, Villarreal CF, Mallorca FC, UD Las Palmas, and Valladolid FC. Organizations Nomadar has agreed to partner with to deliver the Nomadar HPT include International Soccer Academy, Actingwood, Universidad San Ignacio de Loyola in Lima and San Ignacio University in Miami. We intend to expand the reach of the Nomadar HPT to encompass territories outside of Spain and around the world. The HPT Rights were licensed to Nomadar in August 2024. The Company commenced operations of the Nomadar HPT in the second half of 2024. Until the Company commenced operations of the Nomadar HPT, no athletes were considered enrolled under the Nomadar HPT and all athletes enrolled were considered enrolled with Cádiz CF. During the fourth quarter of 2024, Cádiz CF assigned its contractual position in one of the HPT agreements to the Company, and, as a result, the Company began training five players from Japan’s Wakatake Academy. These players spent an entire quarter in Cádiz, Spain, where they lived and trained under the full supervision of Company. The Company handled all aspects of the stay, including physical preparation, extracurricular activities, logistics, and coordination with both Wakatake Academy and Cádiz CF, and the planning and management of daily schedules. In 2025, the Nomadar HPT program has expanded to include new clients, all participating in person. No remote or online training sessions have been conducted. The training facilities remain based in Cádiz, Spain. As of the date hereof, approximately 20 players are enrolled in the long-term training modality, with an additional ten players having participated in short-term programs. Revenues generated through the Nomadar HPT are derived from the individual players participating in the program. Each athlete pays a fee to the Company based on the length of time said athlete will live, study, and train at one of the Company’s partner locations – generally for one to ten months, during which time they have access to the Nomadar HPT. Stadium Events On October 30, 2024, the Company and Cádiz CF entered into an agreement (the “Stadium Agreement”), pursuant to which Cádiz CF granted to Nomadar a temporary, non-exclusive right to use the Nuevo Mirandilla Stadium (“Mirandilla Stadium”). The Company is in the process of engaging third-party event coordinators to host events at Mirandilla Stadium. Under these contracts, the Company will be responsible for the assignment of space within Mirandilla Stadium to the event coordinators, the facilitation of access necessary for event setup, execution, and dismantling, the provision of lighting, sound, access control, hostess services, and the stage for the event, and the compliance with all legal and regulatory requirements needed for the execution of the event. The Company anticipates that these contracts will typically include a non-refundable up-front fee due at the closing of the contract as well as variable consideration in the form of a percentage of ticket sales earned by the event coordinator. Pursuant to the Stadium Agreement, the Company has agreed to assume in full all those expenses incurred by Cádiz CF that are necessary and duly justified to guarantee the correct exploitation of Mirandilla Stadium. This obligation includes, but is not limited to, all costs associated with technical, logistical, maintenance, cleaning, supplies, security, personnel, insurance, licenses and any other service or action essential to ensure the correct provision of the service and the proper development of the contracted activity. Additionally, any expense derived from legal, technical or administrative requirements that Cádiz CF must face due to the activity that is the subject of the Stadium Agreement will also be fully reimbursed by the Company, upon presentation of the appropriate supporting documents, including any costs of a fiscal or tax nature (including direct or indirect taxes that may eventually be claimed from the club) that Cádiz CF may incur in the future because of the execution the Stadium Agreement. The Stadium Agreement has a term of ten (10) years, and may be extended for additional periods. There are no fixed minimum recurring payments due by Nomadar to Cádiz CF under the Stadium Agreement. In 2025, the Company began receiving revenue under the Stadium Agreement, in connection with purchase orders between the Company and Cádiz CF. Other than as set forth above, the specific services to be performed by each party and the costs for such services have not been established and will be determined in the future, based upon the specific services to be provided. Mágico González Brand Pursuant to an agreement between Jorge Alberto González (otherwise known as Mágico González) and Cádiz CF, dated September 12, 2022, Mr. González granted all trademark rights to “Mágico González” to Cádiz CF. The agreement provides that Cádiz CF shall retain ownership of the “Mágico González” trademarks registered in favor of Cádiz CF for so long as the registration remains in effect or is renewed. The Mágico González trademark is registered with the European Union Intellectual Property Office (EUIPO) under registration number 018791443. The registration application is in process with the World Intellectual Property Organization (WIPO) for the territory of the United States. In August 2024, we entered into an exclusive license agreement (the “MG License Agreement”) with Cádiz CF, granting Nomadar the exclusive rights, outside of Spain, to commercialize the Mágico González brand (the “MG Rights”). Mágico González is a worldwide soccer star known by soccer fans around the world. Mágico played for Cádiz CF for many years before returning to Latin America. The Company intends to launch the Mágico González brand in the U.S. in the fourth quarter of 2025, with e-commerce offerings beginning at such time. Soccer Academies Although we have not entered into any agreement to date, and we do not currently operate any soccer academies, weintend to enter into agreements, including but not limited to acquisition and assignment agreements, whereby we will operate soccer academies in the United States and Europe. The Nomadar HPT would be offered as a part of service provided by these academies to all academy participants. Relationship Between the Company, Sportech, and Cádiz CF Upon completion of this Direct Listing, Sportech will beneficially own approximately 90.05% (and together with Cádiz CF approximately 91.23%) of the voting power of our outstanding voting securities and we will be a “controlled company” within the meaning of the listing rules of Nasdaq. We do not intend to rely on any exemptions from the corporate governance requirements that are available to controlled companies. As described here and elsewhere in this prospectus, the Company, Cádiz CF and Sportech will maintain various business relationships following the Direct Listing. For example: . We entered into the Sportech Loan, which provides that the Company may borrow up to $1 million from Sportech, from time to time. As of the date hereof, the Company has drawn down $164,063 under this facility. . On November 1, 2024, the Company entered into an agreement with Sportech, which was subsequently amended on June 12, 2025, pursuant to which Sportech has agreed to provide up to $10 million to fund the business and operations of the Company in 2025, 2026, and 2027. . On October 30, 2024, the Company entered into an agreement with Cadiz CF, which granted the Company rights to use Mirandilla Stadium, for the organization of events. . The Company entered into the HPT License Agreement and MG License Agreement with Cádiz CF whereby we license the rights to the Nomadar HPT and MG Rights from Cádiz CF in exchange for royalty payments. . On June 12, 2025, the Company entered into the Assignment Agreement (as defined below) with Sportech and Cadiz CF. As a result, we will continue to materially rely on the support of Sportech for additional capital in the near future, and we will have ongoing business and commercial relations with Sportech and Cádiz CF pursuant to the license arrangements. We were incorporated in the State of Delaware in August 2023 as Sportech City USA, Corp, and changed our name to Nomadar, Corp. in December 2023. Our principal executive offices are located in Marshall, Texas.

AI Analysis | Feedback

Here are three brief analogies for Nomadar:
  • Imagine Live Nation Entertainment, but exclusively focused on managing events, youth training programs, and brand commercialization for a professional Spanish soccer club, Cádiz CF.
  • Think of it as an IMG Academy specializing in soccer, but which also promotes events and manages celebrity athlete brands for its affiliated professional soccer club, Cádiz CF.
  • Like the diversified business arm of a professional sports team, similar to how the Dallas Cowboys might extend their brand into various ventures, but focused on youth development, event management, and athlete branding for Cádiz CF.

AI Analysis | Feedback

  • High Performance Training Program (Nomadar HPT): Offers elite in-person soccer training and immersion programs for young international athletes, with future plans for online subscriptions to its training methodology.
  • Stadium Event Management: Provides venue rental and comprehensive logistical support for third-party events held at Nuevo Mirandilla Stadium.
  • Mágico González Brand Commercialization: Exclusively licenses and commercializes the Mágico González brand outside of Spain, including planned e-commerce product offerings.

AI Analysis | Feedback

Nomadar (NOMA) sells primarily to other companies and organizations based on its current revenue-generating activities. Here are its major customers: * ENJOYFOOTBALL, S.L. (EJB): A Spanish limited liability company and youth soccer coaching organization that enrolls players into Nomadar's training programs. * Wakatake Academy: A Japanese academy that sends players to Nomadar for training programs. * Third-party event coordinators: Companies engaged by Nomadar to host events at the Nuevo Mirandilla Stadium. No specific names are provided for these entities.

AI Analysis | Feedback

Major Suppliers:

  • Cádiz CF
  • International Soccer Academy
  • Actingwood
  • Universidad San Ignacio de Loyola in Lima
  • San Ignacio University in Miami

AI Analysis | Feedback

Rafael Contreras, Chief Executive Officer and Co-Chairman of the Board of Directors

Rafael Contreras has served as Nomadar's Chief Executive Officer and Co-Chairman of its board of directors since December 2024. He has also been the Executive Vice President of Cádiz CF since March 2021 and the Vice President of its board of directors since October 2021. Mr. Contreras co-founded Humanox, a sports technology company, in March 2020, where he was CEO from inception to March 2021 and chairman from March 2021 to October 2022. He founded Airtificial (formerly Carbures), a Spanish listed company specializing in the integration of artificial intelligence with smart composite structures and collaborative robotics, in August 2011, serving as its CEO from August 2011 to November 2018 and chairman from August 2011 to December 2020. Mr. Contreras also co-founded Muving in October 2016, serving as its chairman until June 2020, and co-founded Skully, a sports technology company, in 2016. In 2014, he founded Torrot, integrating it into the Muving framework.

Carlos Lacave, Chief Financial Officer

Carlos Lacave has been Nomadar's Chief Financial Officer since December 2023. Prior to joining Nomadar, from February 2014 to November 2023, Mr. Lacave was Managing Director at Passivalia and TeamClima ventures, where he led projects focused on construction and energy efficiency in Southern Europe.

Joaquin Martin, CEO Americas and Executive Vice Chairman

Joaquin Martin was appointed CEO Americas and Executive Vice Chairman of Nomadar on December 9, 2025. In this role, he oversees the company's strategic development, partnerships, and operations across North, Central, and South America, including the expansion of Nomadar's High Performance Training Program and the launch of the Mágico González e-Commerce offering. He also identifies and evaluates potential soccer academy acquisitions in the Americas. Since 2023, Mr. Martin served as Nomadar's Chief Communications and Investor Relations Officer, coordinating the company's Nasdaq listing. He brings over two decades of international leadership experience from publicly traded companies and technology organizations, having held senior roles at Skully, Carbures, and Airtificial.

Manuel Vizcaíno, Co-Chairman of the Board of Directors

Manuel Vizcaíno has served as Co-Chairman of Nomadar's board of directors since December 2024. He has been the President of Cádiz CF since July 2014. Previously, Mr. Vizcaíno held positions such as Subdirector General of Organization and Management at Sevilla FC from 2003 to 2014, and was a consultant for La Liga and the Royal Spanish Tennis Federation.

Antonio G. Lobón, Member of the Board of Directors

Antonio G. Lobón has been a member of Nomadar's board of directors since December 2024. He is a tax professional specializing in international corporate tax and cross-border transactions. Since 2004, Mr. Lobón has been the tax coordinator for the bank and finance line of business of Iberoamerica in New York. He was previously a partner-in-charge of Latin-American legal services for KLegal and began his career with KPMG Spain in 1978, becoming a partner in 1987.

AI Analysis | Feedback

Nomadar (NOMA) faces several key risks to its business operations:
  1. Significant Reliance on Sportech for Funding and Risks Associated with Being a Controlled Company: Nomadar explicitly states that it "will continue to materially rely on the support of Sportech for additional capital in the near future" and that Sportech will beneficially own approximately 90.05% of its voting power, making it a "controlled company". This creates a substantial dependency on Sportech for ongoing capital and operational support. The controlled company status also poses potential risks related to conflicts of interest, as the interests of the controlling shareholder (Sportech) may not always align with those of other shareholders, and the ability of independent directors to influence corporate governance may be limited.
  2. Inability to Secure Funding for and Successfully Develop the Sportech City Project: A cornerstone of Nomadar's long-term growth strategy is the development of Sportech City, a large multi-purpose event center in Cádiz, Spain. However, as of the provided information, the Company "does not have the required funding to develop Sportech City". Failure to secure this substantial funding would prevent the construction of this key asset, which is intended to feature a venue for concerts and sporting events, a hotel, convention center, commercial space, and a culinary area. Even if funding is secured, large-scale construction projects like Sportech City, with an anticipated completion by or around 2030, carry inherent risks of delays, cost overruns, and failure to meet market expectations.
  3. Dependence on Key Agreements and Ongoing Relationships with Cádiz CF: A significant portion of Nomadar's current and planned business operations is deeply intertwined with Cádiz CF through various agreements. This includes the exclusive rights to the High Performance Training Program (Nomadar HPT) and the Mágico González brand, as well as the agreement for the temporary, non-exclusive use of the Nuevo Mirandilla Stadium for event organization. The Framework Agreement with Cádiz CF for player training is effective for three years and renewable, but either party may terminate it with 60 days’ prior written notice. The termination, non-renewal, or unfavorable modification of these foundational agreements, or Cádiz CF's failure to perform its obligations, would materially adversely affect Nomadar's business, revenue streams, and overall strategic direction.

AI Analysis | Feedback

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AI Analysis | Feedback

The addressable markets for Nomadar's main products and services are as follows:

High Performance Training Program (Nomadar HPT) and Soccer Academies

  • The global youth sports market is anticipated to reach approximately USD 62.84 billion in 2026 and is projected to grow to nearly USD 147.48 billion by 2035. Within this market, the soccer segment alone was valued at approximately USD 9.72 billion in 2025.
  • The overall global sports training market was valued at an estimated USD 27.8 billion in 2023 and is projected to reach USD 50.7 billion by 2035.
  • Specifically for the U.S., the soccer training market was valued at USD 1.69 billion in 2024 and is projected to reach USD 2.13 billion by 2030.
  • The global football camp market, a component of sports training, was valued at USD 1.26 billion in 2023 and is projected to reach USD 2.3 billion by 2030.

Stadium Events and Sportech City

  • The events market in Spain reached a value of nearly USD 4.96 billion in 2025 and is projected to grow to approximately USD 9.94 billion by 2035. Another estimate for the Spain Sports Events Market indicates a value of USD 10.35 billion in 2024, forecasted to reach USD 18.85 billion by 2033.
  • The sports event market in Europe generated revenue of USD 148.5 billion in 2025 and is expected to reach a projected revenue of US$ 233.8 billion by 2033. The global sports events market was estimated at USD 485.14 billion in 2025 and is projected to reach USD 884.69 billion by 2033.
  • The Spain Sports Tourism Market was valued at USD 20.6 billion in 2025 and is projected to reach USD 73.0 billion by 2035. The sports event tourism segment within this market held a dominant 55.9% share in 2024.

Mágico González Brand Commercialization

  • The licensed sports merchandise market in the United States was estimated at USD 5.5 billion in 2024 and is projected to grow to USD 10.0 billion by 2035. Other reports indicate the U.S. licensed sports merchandise market is expected to reach approximately USD 22.57 billion by 2030 and USD 20.72 billion by 2033.
  • Globally, the licensed sports apparel and merchandise market was valued at USD 36.15 billion in 2024 and is projected to grow to USD 60.49 billion by 2034. North America held a significant revenue share of 51.8% in the global licensed sports merchandise market in 2025.

AI Analysis | Feedback

Nomadar (NOMA) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

  1. Expansion of the High Performance Training (HPT) Program: Nomadar commenced operations of the HPT in the second half of 2024 and expanded the program with new in-person clients in 2025. Future growth is anticipated from increasing enrollment in the long-term and short-term in-person modalities and by leveraging the Nomadar HPT training methodology through partner organizations to online subscribers, a new offering. The company also intends to expand the reach of the Nomadar HPT globally.
  2. Commercialization and Launch of the Mágico González Brand: Having secured exclusive rights outside of Spain to commercialize the Mágico González brand in August 2024, Nomadar intends to launch the brand in the U.S. in the fourth quarter of 2025, with e-commerce offerings beginning at that time. This represents a new product and market expansion.
  3. Increased Event Hosting and Utilization of Nuevo Mirandilla Stadium: The company began generating event-related revenue in 2025 under the Stadium Agreement with Cádiz CF. Nomadar anticipates growth by engaging third-party event coordinators to host a greater number and variety of events at the Nuevo Mirandilla Stadium, generating revenue from non-refundable up-front fees and a percentage of ticket sales.
  4. Initial Development and Commercialization of Sportech City: While full completion is anticipated by 2030, construction for Sportech City is scheduled to begin in 2026. This large-scale project, featuring an event venue for over 40,000 fans, a hotel, convention center, commercial space, and other facilities, is expected to begin generating early commercial agreements or related revenues within the 2-3 year timeframe as development progresses.

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Inbound Investments

  • Nomadar has drawn down $164,063 from a loan facility with Sportech, which allows the Company to borrow up to $1 million.
  • Sportech has committed to providing up to $10 million to fund Nomadar's business and operations for 2025, 2026, and 2027.
  • The Company anticipates materially relying on Sportech for additional capital in the near future.

Capital Expenditures

  • Nomadar plans to construct "Sportech City" in Cádiz, Spain, an approximately 110,000 m² facility designed to host concerts and sporting events, a hotel and convention center, a sports clinic, gym & spa, food court, and commercial spaces.
  • Construction for Sportech City is scheduled to commence in 2026, with an anticipated completion by or around 2030.
  • As of the provided date, Nomadar does not possess the necessary funding to develop Sportech City.

Trade Ideas

Select ideas related to NOMA.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MBLY_2272026_Dip_Buyer_HighCashEquity_ExInd02272026MBLYMobileye GlobalDip BuyDB | Cash/EquityDip Buyer with High Net Cash % Equity
Buying dips for companies with significant net cash as a % of market cap along with meaningful cash flow generation
0.0%0.0%0.0%
SAH_2202026_Insider_Buying_GTE_1Mil_EBITp+DE_V202202026SAHSonic AutomotiveInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
-5.9%-5.9%-6.1%
MAT_2132026_Insider_Buying_GTE_1Mil_EBITp+DE_V202132026MATMattelInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
2.9%2.9%0.0%
SONO_2132026_Insider_Buying_GTE_1Mil_EBITp+DE_V202132026SONOSonosInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
-0.7%-0.7%-4.6%
DECK_2062026_Dip_Buyer_ValueBuy02062026DECKDeckers OutdoorDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
1.6%1.6%-0.8%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

NOMAMSGSTKOLYVBATRASPHRMedian
NameNomadar Madison .TKO Live Nat.Atlanta .Sphere E. 
Mkt Price3.77311.15189.20145.7146.19106.77126.24
Mkt Cap0.17.514.833.82.93.85.7
Rev LTM11,0714,73525,2017321,2201,146
Op Inc LTM-158351,23317-14811
FCF LTM-2-01,159305-2619195
FCF 3Y Avg-82599748-54-25182
CFO LTM-231,2861,39525243134
CFO 3Y Avg-847131,49414164164

Growth & Margins

NOMAMSGSTKOLYVBATRASPHRMedian
NameNomadar Madison .TKO Live Nat.Atlanta .Sphere E. 
Rev Chg LTM-0.3%-3.1%8.8%10.5%7.3%7.3%
Rev Chg 3Y Avg-6.8%77.1%15.7%7.5%30.5%15.7%
Rev Chg Q-12.8%11.9%11.1%17.6%73.0%12.8%
QoQ Delta Rev Chg LTM74.5%4.5%2.4%2.6%1.3%15.8%3.5%
Op Mgn LTM-153.7%0.4%17.6%4.9%2.3%-12.2%1.3%
Op Mgn 3Y Avg-7.6%10.2%4.4%-3.7%-27.1%4.4%
QoQ Delta Op Mgn LTM153.1%0.8%-0.4%0.3%-0.2%15.6%0.6%
CFO/Rev LTM-205.0%0.3%27.2%5.5%3.4%19.9%4.5%
CFO/Rev 3Y Avg-8.5%15.8%6.3%2.1%18.1%8.5%
FCF/Rev LTM-205.0%-0.0%24.5%1.2%-3.6%15.7%0.6%
FCF/Rev 3Y Avg-8.3%13.1%3.2%-8.2%-49.8%3.2%

Valuation

NOMAMSGSTKOLYVBATRASPHRMedian
NameNomadar Madison .TKO Live Nat.Atlanta .Sphere E. 
Mkt Cap0.17.514.833.82.93.85.7
P/S67.17.03.11.34.03.13.6
P/EBIT-32.0503.718.325.1130.329.827.5
P/E-31.3-454.075.968.2-124.5114.118.5
P/CFO-32.72,162.511.524.3115.315.720.0
Total Yield-3.2%-0.2%5.6%1.5%-0.8%0.9%0.3%
Dividend Yield0.0%0.0%4.3%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-1.7%4.6%2.9%-2.1%-24.6%1.7%
D/E0.00.20.30.30.30.30.3
Net D/E0.00.10.20.10.30.10.1

Returns

NOMAMSGSTKOLYVBATRASPHRMedian
NameNomadar Madison .TKO Live Nat.Atlanta .Sphere E. 
1M Rtn-5.8%-6.2%-15.1%-10.1%-4.6%-10.3%-8.2%
3M Rtn-31.1%19.6%-12.6%-0.1%8.1%14.3%4.0%
6M Rtn-82.0%39.2%-4.2%-9.9%2.0%81.0%-1.1%
12M Rtn-82.0%59.6%28.1%16.5%4.8%221.3%22.3%
3Y Rtn-82.0%61.0%93.8%110.6%51.1%86.7%73.9%
1M Excs Rtn-3.7%4.6%-7.3%0.1%2.5%-0.4%-0.2%
3M Excs Rtn-27.5%28.2%-4.7%8.4%16.4%21.7%12.4%
6M Excs Rtn-78.5%43.8%1.0%-6.5%5.1%88.3%3.0%
12M Excs Rtn-93.5%45.2%12.6%3.5%-6.7%204.5%8.0%
3Y Excs Rtn-143.8%4.9%32.0%58.2%-10.7%40.8%18.4%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2024
Single Segment0
Total0


Assets by Segment
$ Mil2024
Single Segment0
Total0


Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 2282026-1.3%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest2.5 days
Basic Shares Quantity15.8 Mil
Short % of Basic Shares0.3%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202511/21/202510-Q
06/30/202510/31/2025424B4
03/31/202506/27/2025S-1/A
09/30/202402/06/2025S-1
06/30/202411/07/2024DRS/A

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Sport, City Cadiz SlDirectBuy13020268.68260,4332,260,55862,782,535Form
2Sport, City Cadiz SlDirectBuy30320264.66415,9351,938,25735,644,088Form