Aebi Schmidt Holding AG (AEBI)
NASDAQ:AEBI
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Aebi Schmidt Holding AG
(NASDAQ:AEBI)
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Rating:51Neutral
Price Target:
$11.00
▼(-9.91% Downside)
Action:ReiteratedDate:04/09/26
The score is primarily held back by weakened profitability and a sharp deterioration in cash flow (including negative free cash flow), despite strong revenue growth and a healthier balance sheet. Technical indicators also point to weak momentum. Offsetting these, management’s 2026 guidance and backlog-driven visibility from the latest earnings call provide a meaningful positive support, though execution and seasonality risks remain.
Positive Factors
Strong revenue growth and backlog
The company delivered outsized top-line expansion and a multi-quarter backlog above $1.2B, providing durable revenue visibility. A 15-month backlog horizon supports predictable conversion into sales, reducing short-term demand volatility and underpinning 2026 revenue guidance and operational planning.
Negative Factors
Weak cash conversion
A severe decline in operating cash and a swing to negative free cash flow indicates weaker cash conversion and/or higher working capital and investment needs. This raises funding pressure for capex, ramp-up activity and integration spend, increasing reliance on financing or slowing deleveraging.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth and backlog
The company delivered outsized top-line expansion and a multi-quarter backlog above $1.2B, providing durable revenue visibility. A 15-month backlog horizon supports predictable conversion into sales, reducing short-term demand volatility and underpinning 2026 revenue guidance and operational planning.
Read all positive factors
Aebi Schmidt Holding AG (AEBI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$881.98M
Dividend Yield0.38%
Average Volume (3M)395.19K
Price to Earnings (P/E)21.2
Beta (1Y)2.61
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees3,000
SectorIndustrials
Sector Strength72
IndustryGeneral Transportation
Share Statistics
EPS (TTM)0.15
Shares Outstanding77,435,030
10 Day Avg. Volume395,122
30 Day Avg. Volume395,191
Financial Highlights & Ratios
PEG Ratio-1.10
Price to Book (P/B)0.91
Price to Sales (P/S)0.49
P/FCF Ratio-141.81
Enterprise Value/Market Cap1.83
Enterprise Value/Revenue1.10
Enterprise Value/Gross Profit5.68
Enterprise Value/Ebitda15.29
Forecast
1Y Price Target
$15.00Price Target Upside22.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.77
Revenue Forecast (FY)$2.04B
Aebi Schmidt Holding AG Business Overview & Revenue Model
Company Description
Develops and manufactures specialty-purpose vehicles and attachments for snow clearance, de‑icing, sweeping, airport operations, and agricultural applications. Merged with The Shyft Group to create a global specialty vehicle leader....
How the Company Makes Money
Aebi Schmidt primarily makes money by selling specialized vehicles, machines, and mounted equipment used for municipal and infrastructure maintenance (e.g., street sweepers, winter service/snow and ice control equipment, and related road maintenan...
Aebi Schmidt Holding AG Earnings Call Summary
Earnings Call Date:Mar 19, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 13, 2026
Earnings Call Sentiment Positive
The call presents a largely positive tone driven by strong order momentum, record backlog, notable margin and EBITDA improvements (Q4 EBITDA +31% and FY EBITDA +13%), successful M&A and synergies exceeding initial targets, and balance sheet deleveraging. Near-term challenges include North American softness tied to legacy Shyft performance, continued softness in truck body/commercial markets, ramp-up expenses, and a pronounced seasonal conversion risk that may depress Q1 2026. On balance, the operational wins, backlog visibility and synergy outperformance outweigh the short-term execution and market headwinds.Positive Updates
Strategic M&A and Listing
Completed acquisition of the former The Shyft Group and listed on NASDAQ, positioning the company for scale and cross-selling opportunities.
Negative Updates
North America Revenue Pressure and Legacy Shyft Weakness
North America sales decreased 2% in Q4 versus prior year; acquired Shyft businesses declined ~5% and the Shyft legacy weak performance partly offset group growth in Q4.
Read all updates
Q4-2025 Updates
Positive
Negative
Strategic M&A and Listing
Completed acquisition of the former The Shyft Group and listed on NASDAQ, positioning the company for scale and cross-selling opportunities.
Read all positive updates
Company Guidance
Aebi Schmidt guided 2026 net sales of $1.95–$2.15 billion and adjusted EBITDA of $175–$195 million, with year‑end leverage targeted at or below 2.0x. Management points to a backlog of over $1.2 billion (up ~21% YoY) and strong order momentum (Q4 order intake +46% YoY) plus Q4 adjusted EBITDA up 31% YoY to $48.1M (9.1% margin) and FY‑2025 adjusted EBITDA of $156M (8.2% margin) as the base for conversion; they expect synergies in excess of $40M (mid‑teens realized in 2025, a similar incremental amount in 2026, with procurement and revenue synergies materializing in H2‑2026 and full run‑rate by mid‑2027). The company cautioned on pronounced seasonality — a slow Q1, ramping conversion in Q2, further improvement in Q3 and a seasonally strong Q4 — and emphasized production ramp‑up, efficiency gains and footprint optimization to hit the targets.Aebi Schmidt Holding AG Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
39
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 1.53B | 1.09B | 1.02B |
| Gross Profit | 304.05M | 228.24M | 206.65M |
| EBITDA | 186.20M | 102.18M | 82.54M |
| Net Income | 11.73M | 30.68M | 11.20M |
Balance Sheet | |||
| Total Assets | 2.01B | 1.09B | 1.11B |
| Cash, Cash Equivalents and Short-Term Investments | 98.51M | 65.17M | 42.70M |
| Total Debt | 758.21M | 461.84M | 509.65M |
| Total Liabilities | 1.19B | 722.95M | 772.82M |
| Stockholders Equity | 814.90M | 365.09M | 337.96M |
Cash Flow | |||
| Free Cash Flow | -5.23M | 55.16M | 18.18M |
| Operating Cash Flow | 8.97M | 68.77M | 30.09M |
| Investing Cash Flow | 5.82M | -9.11M | -21.63M |
| Financing Cash Flow | 16.35M | -35.43M | -22.35M |
Aebi Schmidt Holding AG Risk Analysis
Aebi Schmidt Holding AG disclosed 64 risk factors in its most recent earnings report. Aebi Schmidt Holding AG reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Aebi Schmidt Holding AG Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $367.88B | 30.12 | 45.10% | 0.98% | -1.51% | -9.69% | |
74 Outperform | $90.62B | 21.58 | 17.57% | 1.73% | 11.86% | 17.39% | |
73 Outperform | $163.41B | 54.83 | 18.93% | 1.34% | -11.66% | -27.80% | |
70 Outperform | $323.40B | 37.76 | 45.88% | 0.48% | -19.21% | 31.83% | |
66 Neutral | $8.78B | 10.68 | 17.36% | 1.10% | -20.09% | 121.28% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | $881.98M | 21.16 | 1.73% | 0.38% | ― | ― |
* Industrials Sector Average
AEBI
Aebi Schmidt Holding AG
12.21
-1.37
-10.09%
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121.34
37.91
45.43%
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603.04
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32.45%
GD
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340.76
68.62
25.22%
GE
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68.88%
Aebi Schmidt Holding AG Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresShareholder Meetings
Aebi Schmidt Issues 2026 Outlook and Board Reshuffle
Positive
Feb 24, 2026
Aebi Schmidt Group, the Nasdaq-listed specialty vehicles maker, reported preliminary unaudited figures showing 2025 net sales of $1.907 billion and expects adjusted EBITDA slightly above the midpoint of its $145 million to $165 million guidance. I...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.