Nordlicht Industrie
Industrial equipment · FictionalMaintenance and spare parts generate recurring revenue. The sample analysis also explains the share price.
Stocks explained, no prior knowledge needed
Understand the company behind the stock.
Free stock research for everyday investors — with clear explanations of the business, its valuation and the risks.
Built in Freiburg, Germany. Made for curious investors everywhere.
No sign-in required · O’Reilly Automotive · As of October 14, 2026
MARQORA is free.
Create your account and discover stocks and easy-to-understand analyses.
Already have an account? Sign in →
A quick overview
MARQORA in 30 seconds.
30 seconds · Promotional video · Illustrative presentationGerman audio · English subtitles available · Click to playOpen video separately
The video could not start. Please try again or open it separately.
Frank introduces MARQORA
Let me show you MARQORA.
In this 1-minute, 48-second video, I introduce MARQORA in German. English subtitles are available; the recorded screens remain in German.
Why I created MARQORA →
German audio and embedded German subtitles · English subtitles available · Click to playOpen video separately
The video could not start. Please try again or open it separately.
Your first look at MARQORA
Try a sample for yourself.
Find a company, read the assessment and see what changes later.
Fictional stock selection
Which company interests you?
In the member area, you can search for stocks listed in the US and German stocks. Here, you can try three fictional names.
Hafenwerk Logistik
Transportation · FictionalNo company analysis is available for this example. You can look at Nordlicht to see how an analysis is structured.
Lumen Medizintechnik
Medical technology · FictionalNo company analysis is available for this example. The Nordlicht analysis shows you the structure.
No matching example. Try Nordlicht, Hafenwerk or Lumen.
Company analysisIndustry · Example company
Nordlicht Industrie
The conclusion first
A solid business.
The stock is not particularly cheap.
Nordlicht builds industrial equipment. Maintenance and spare parts generate recurring revenue. Cash remains after expenses, and debt is manageable.
Revenue growth+8% fictional
Share of revenue from maintenance and spare parts40% fictional
What do revenue and profit mean?
Revenue: Here we mean sales: money from selling products and services. Profit: What remains after deducting costs. The share price is the price of a single ownership share in a company.
The main risk
Almost a third of revenue, exactly 30%, comes from one customer. If that customer orders less, profit could fall significantly. All information is fictional.
Share prices as ofOctober 1, 2026 · fictionalAnalysis datedSeptember 30, 2026 · fictional
Reasoning, figures and sources
What is the case for Nordlicht?
Maintenance and spare parts generate revenue even when customers order less new equipment. This makes the business less dependent on new orders.
What should you keep in mind?
The largest customer contributes 30% of revenue. If it orders less, profit could fall significantly. In this example, you pay €18 for every euro of annual earnings per share. Similar companies in the fictional comparison cost 16 to 19 times their earnings. Nordlicht is therefore not particularly cheap.
Where are the sources?
Nordlicht and all its figures are fictional; there are no real reports for this example. In a real analysis, this is where you find the company reports and announcements used.
Read a real analysis O’Reilly Automotive · As of October 14, 2026
Nordlicht Industrie · Fictional history
What has changed?
This helps you put new information into context and compare it with an earlier assessment.
Nordlicht has not been saved in this example yet.
September 30, 2026
The initial assessment
A solid business. Maintenance and spare parts generate recurring revenue. The stock is not particularly cheap.
October 8, 2026
New figures, updated assessment
In the new quarter, revenue rises by 8% and profit by 12%, each compared with the same quarter a year earlier.
The positive impression holds up.
Profit is growing faster than revenue. Whether that growth will continue remains uncertain.
You pay more for each euro of earnings.
In this example, the stock becomes 20% more expensive. Assumed annual earnings per share rise by 10%. You therefore pay more for each euro of assumed earnings. An attractive purchase price is still not evident.
The risk remains: One large customer contributes 30% of revenue. If it orders less, profit could suffer significantly.
Companies, events, figures and assessments are fictional. These changes are shown for explanatory purposes.
In the member area, “With analysis” shows available assessments. You can find other stocks through search. “No analysis yet” means we have assessed the company neither positively nor negatively.
What we examine for you
What we look at for you
For selected stocks, modern AI examines company reports and official announcements. The assessment explains the reasoning, share price and main risks.
See our checks in detail +
How does the company make money?
What does it sell? Who buys from it, and why do these customers choose it over competitors?
Is profit growing too?
Higher revenue does not automatically mean higher profit. We look at what remains after costs.
How sound are the company's finances?
Does it have enough money for ongoing expenses, new investments and debt?
What do new shares mean for you?
When additional shares are issued, profit is spread across more shares. We examine how this affects your stake.
What could change next?
What plans does the company have? What could help or hinder the business?
What could go wrong?
We also examine the case against the stock. You can see material counterarguments and questions that remain open.
What about the share price?
When might a closer look be worthwhile?
A closer look is worthwhile when the business is convincing and the share price makes sense. We examine what earnings seem sustainable and how much cash remains after expenses. You can read the assumptions and counterarguments.
Stocks with a supported positive assessment appear first. A reasonable price may be enough if the business is convincing and the risks are acceptable. If important information is missing, the price question remains open. Even a positive assessment does not guarantee a rising share price.
Get more from your research
Keep track of your companies.
If a stock interests you, save it. Later, you can read what has changed. Your account also contains your own stocks and comparisons.
My watchlist
Find interesting stocks again
Interested in a stock? Select “Save.” Your watchlist helps you quickly find the company and its available information again.
Your updates
What has changed since then?
“Your updates” shows important published changes concerning your saved companies. From there, you can open the relevant analysis.
Email notifications about changes to your saved stocks are currently paused. You can read published updates in your account. Account confirmation and password reset emails are unaffected.
Your changes at a glance
Since your last visit
See which important changes to your saved stocks have been added.
How our assessment has developed
Read what has changed since you saved the stock. How is the business developing? How do we assess the share price?
Your monthly overview
View saved changes organized by month. The overview starts when you save a stock and shows the available history.
Newly published as an opportunity
This shows stocks first published as opportunities in the selected month that still qualify as current opportunities.
You also receive a notice when the share price falls outside the range covered by our valuation, or when we no longer classify a stock as a current opportunity. Normal price fluctuations do not generate individual notifications.
What would you like to do next?
These tools are available in your MARQORA account.
My stocksYour stocks at a glance.+
Select your stocks and manually enter how many shares you own. Keep your entries together in one clear overview.
Where a holding's value can be calculated, the date of the price used is shown. You can open an available analysis directly.
CompareSee the differences more easily.+
Put two or three companies side by side. Compare available analyses: what supports the business, how the share price measures up, and which risks matter?
Dates, detailed figures and sources remain accessible. You can also see when an analysis is not yet available.
Have your sayShow us what interests you.+
Which companies would you like us to research further? Cast up to three votes and change your choices as your interests change.
Your votes show us which companies you want to understand better. We consider these requests in our planning.
Your access
On your computer, tablet and phone
Open MARQORA in a browser on your computer, tablet or phone. Your account gives you access to the stock overview and available company analyses.
Sign in to the member area with your account to view stocks and available analyses.
Your markets: US and Germany
MARQORA US
Available nowFree accessStocks on supported US exchanges, including companies from other countries. For selected stocks, you can read an understandable assessment with key figures and sources.
Which exchanges are included?
Currently NASDAQ, NYSE, NYSE American (AMEX) and NYSE Arca, where supported by our data provider. This also includes foreign companies and their ADRs traded there (depositary receipts representing shares).
MARQORA US is based on the trading venue. The company's country of origin is provided as additional information.
MARQORA Germany
Available nowFree accessStocks of German companies included in MARQORA. For selected stocks, you can read an understandable assessment with key figures and sources.
More markets: what we plan for later +
MARQORA Europe
Planned for laterPlanned for later: further European markets and additional country filters.
MARQORA Asia
Planned for laterPlanned for stocks on supported Asian exchanges, initially in Japan and Hong Kong. Mainland Chinese exchanges are intended for a later stage.
MARQORA Complete
Planned for laterPlanned to include all trading venues actually covered by MARQORA.
Free access
Get started for free Your access to MARQORA.
You are using MARQORA in beta. Your feedback helps us improve it. Send us your idea.
- Create an account. Choose a username and password.
- Confirm your email. Open the link in our email.
- Sign in with your account. Your account gives you access to stocks and available analyses.
Open your first analysis there and save interesting companies to your watchlist.
MARQORA is free. Create your account and discover stocks and easy-to-understand analyses.
Information about using the service and your account is available here:
The idea behind MARQORA
Why I created MARQORA
Frank Herrmann
Founder of MARQORA
Hi, I’m Frank, the creator of MARQORA.
I’m building MARQORA in Freiburg, Germany, alongside my day job. I wanted a tool I could use myself to understand companies and their share prices — without having to work through pages of financial jargon.
MARQORA brings together plain-language explanations, company figures and sources you can check for yourself. It’s free, and still growing. If something is unclear or missing, I’d like to hear about it.
Send me your idea →News and analyses: an example
Three fictional news stories show how news, a related analysis and earlier assessments fit together.
View the news preview →Frequently asked questions
Your questions about MARQORA
Is MARQORA free, and do I need an account?
MARQORA is free. You need an account to view the stock overview and available analyses in the member area. You can read the public sample analyses without signing in.
Which stocks can I find in MARQORA?+
You can find stocks included in MARQORA on supported US exchanges and stocks of German companies. The “With analysis” filter takes you to available assessments. Not every stock is included or analyzed.
Is there a full analysis for every stock?
For stocks with an available analysis, you can read about the business, opportunities, share price and risks. Use “With analysis” to find these companies directly. Other stocks remain searchable and are labeled accordingly.
How does an interesting stock help me make a decision?
An interesting stock gives you a reason to look more closely. Even a good business can have a high share price. Consider the business’s strengths, risks and valuation together. If reliable information is missing, the price assessment remains open. You decide whether to research further or invest.
What is the difference between the watchlist and “My stocks”?
Your watchlist collects stocks that interest you. In “My stocks,” you manually enter which stocks you own and how many shares you hold. This keeps both your ideas and your own entries in view. Explore the watchlist and tools →
How current are the results?
Stored prices for US stocks are generally updated once per US trading day after the market closes. German stocks also show their respective price timestamp. These are not continuous real-time prices. Price timestamps and analysis dates are displayed separately. New analyses are created when warranted, not for every price change. Earlier published assessments remain available to read.
Can I rely on every statement?
MARQORA checks information against sources and recalculates important results. Errors can still occur. Not all stocks and news are covered. Check important information yourself before making a decision.
How do I turn research into a decision?
MARQORA helps with your research. You make the decision and any stock purchase yourself. An analysis can offer guidance, but cannot promise profits.
What happens to my existing account?
Your account remains in place. If you have questions about a previous agreement, see Using MARQORA and your account or write to support@marqora.de.
Research and development
We keep working for you.
We continue researching and improving MARQORA as we learn more. This helps you understand companies and their stocks more easily.
Your ideas and candid criticism help us do that.
Share an idea or feedback
Opens your email application.