Bystronic (BYS) AI Stock Analysis

• Market Cap: CHF443.60M
• Dividend Yield: 1.5%
• Average Volume (3M): 944.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.92
• Revenue Growth: -21.53%
• EPS Growth: -4693.32%
• Country: CH
• Employees: 3,268
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): -7.74
• Shares Outstanding: 1,827,000
• 10 Day Avg. Volume: 791
• 30 Day Avg. Volume: 944
• PEG Ratio: 0.34
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 0.91
• P/FCF Ratio: -35.83
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: CHF290.00
• Price Target Upside: 35.20% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.29
• Revenue Forecast (FY): CHF670.09M

• Rating: 48 Neutral
• Price Target: CHF212.00 ▼(-1.17% Downside)
• Action: Reiterated Date: 03/01/26
• Date: Action: Reiterated 03/01/26

The score is primarily held back by weak financial performance—sharp revenue contraction, ongoing losses, and renewed cash burn in 2025—despite an exceptionally low-leverage balance sheet that provides flexibility. Technicals reinforce the caution, with the price below key moving averages and negative momentum. Valuation gets only limited support from the dividend because earnings remain negative.

Positive Factors

Very low leverage balance sheet

Near-zero debt and substantial equity provide durable financial flexibility, allowing Bystronic to fund operations, R&D, and restructuring without immediate refinancing. This balance-sheet strength cushions renewed cash burn and supports investment in automation and services over the next 2–6 months.

Recurring aftermarket and software revenue

A material recurring revenue mix (services, parts, software) provides more stable cash flow than one-off equipment sales, increases customer stickiness, and supports margin resilience. Over months, installed-base driven service tails lessen volatility from capex cycles and improve long-term predictability.

Margin normalization and narrowing losses in 2025

The 2025 normalization of gross margin and materially reduced losses indicate operational adjustments or mix recovery. If sustained, this trend helps restore operating leverage and creates a credible path toward profitability, improving the firm's ability to self-fund investment and aftermarket expansion.

Negative Factors

Sharp, sustained revenue contraction

A multi-year revenue decline erodes scale benefits and reduces installed-base growth that feeds aftermarket and software upsell. Sustained top-line shrinkage pressures fixed-cost absorption, lowers margin potential, and limits the company's ability to invest in product development and automation integration over the medium term.

Renewed negative operating and free cash flow

Negative operating and free cash flow in 2025 signals renewed cash burn, reducing internal funding for capex, inventory, and service expansion. Even with low leverage, persistent cash outflows can force spending cuts or dilution if the trend continues, raising execution risk in restoring growth and margins.

Returns and profitability turned negative

Negative ROE and recent net losses indicate the business is not generating adequate returns on invested capital. This reduces internal capital formation, strains dividend sustainability, and weakens the economics of new equipment investments, complicating long-term value creation unless margins and revenue stabilize.

Bystronic Business Overview & Revenue Model

Company Description

Bystronic AG, through its subsidiaries, provides metal processing solutions for cutting, bending, and automation worldwide. The company offers laser cutting, tube processing, bending, and automation solutions. It also provides integrated software solutions and consumables, as well as maintenance, support, and spare parts management services. The company was formerly known as Conzzeta AG and changed its name to Bystronic AG in May 2021. Bystronic AG was founded in 1912 and is based in Zurich, Switzerland.

How the Company Makes Money

Bystronic makes money primarily by selling capital equipment used in sheet metal fabrication, complemented by recurring and aftermarket revenue streams. Its key revenue sources include: (1) Equipment sales: Revenue from the sale of sheet metal processing machines and systems (e.g., laser cutting systems, press brakes) and factory automation solutions sold to industrial customers; these are typically larger, project-like transactions driven by customers’ capital expenditure cycles. (2) Software and digital solutions: Revenue from software offerings that support machine operation, programming, and production workflow/management for sheet metal processing; depending on contract structure, this can include license and/or subscription-based income, but specific monetization details are null. (3) Service and aftermarket: Ongoing revenue from installation, commissioning, training, maintenance and repair services, spare parts, consumables, and upgrades/retrofits over the installed base’s lifecycle; this stream tends to be more recurring than new machine sales. (4) Solutions/automation integration: Earnings from engineering and integrating automation modules and connected production cells around its machines, which can increase average deal size and strengthen long-term service pull-through. Significant factors influencing earnings include the size and utilization of the installed base (driving service/parts demand), industrial production levels and investment cycles in metalworking, and the ability to bundle machines with automation and software to improve customer productivity. Specific material partnership details are null.

Bystronic Financial Statement Overview

Summary

Financial profile is mixed: the balance sheet is very strong with near-zero leverage (Balance Sheet Score 82), but operating performance has deteriorated with steep revenue declines and losses in 2024–2025 (Income Statement Score 38). Cash generation also weakened, with operating and free cash flow turning negative again in 2025 (Cash Flow Score 34).

Income Statement

Operating performance has weakened materially. Annual revenue declined from 1.02B (2022) to 930.1M (2023), then fell further to 648.3M (2024) and 613.2M (2025). Profitability swung from positive in 2022–2023 (net margins ~3.6% and ~4.5%) to sizable losses in 2024–2025 (net margins ~-10.4% and ~-4.7%). A key positive is the 2025 improvement versus 2024, with losses narrowing significantly and gross margin normalizing back to ~21.8% after an unusually high 2024 gross margin (~46.7%), but the company remains loss-making with negative operating margins.

Balance Sheet

Balance sheet leverage is exceptionally low, with total debt near-zero relative to equity across the period (debt-to-equity ~0.0%–0.97%), providing strong financial flexibility. Equity remains substantial (595.2M in 2025) despite recent losses, though it has stepped down from prior years (815.2M in 2021; 730.6M in 2023; 637.3M in 2024). The main weakness is profitability-driven: returns on equity turned negative in 2024–2025 (about -10.6% and -4.9%), signaling that capital is not currently generating positive earnings.

Cash Flow

Cash generation has become inconsistent and recently weak. Operating cash flow was strong in 2023 (53.6M) and positive in 2024 (14.0M), but turned negative again in 2025 (-7.9M). Free cash flow is also pressured, moving from solidly positive in 2023 (34.2M) to roughly breakeven but negative in 2024 (-0.1M) and more negative in 2025 (-15.6M). The company has shown it can generate cash in better years, but the latest year reflects renewed cash burn that adds execution risk while earnings are still negative.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	613.20M	648.30M	930.10M	1.02B	939.30M
Gross Profit	133.60M	302.50M	252.30M	264.90M	256.40M
EBITDA	-6.00M	-51.50M	81.80M	70.70M	88.60M
Net Income	-28.90M	-67.60M	41.90M	36.60M	-28.60M
Balance Sheet
Total Assets	845.50M	921.10M	1.02B	1.14B	1.23B
Cash, Cash Equivalents and Short-Term Investments	330.70M	323.00M	348.90M	341.60M	495.70M
Total Debt	2.50M	0.00	1.70M	500.00K	5.80M
Total Liabilities	250.30M	283.80M	293.50M	418.30M	419.60M
Stockholders Equity	595.20M	637.30M	730.60M	724.20M	815.20M
Cash Flow
Free Cash Flow	-15.60M	-100.00K	34.20M	-39.90M	15.40M
Operating Cash Flow	-7.90M	14.00M	53.60M	-16.50M	49.40M
Investing Cash Flow	74.40M	-88.60M	-18.90M	-99.90M	270.90M
Financing Cash Flow	-6.50M	-27.80M	-24.00M	-130.10M	-127.20M

Bystronic Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 214.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:BYS, the sentiment is Negative. The current price of 214.5 is below the 20-day moving average (MA) of 249.03, below the 50-day MA of 262.73, and below the 200-day MA of 310.59, indicating a bearish trend. The MACD of -13.86 indicates Positive momentum. The RSI at 24.24 is Positive, neither overbought nor oversold. The STOCH value of 5.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:BYS.

Bystronic Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BUCN	73 Outperform	CHF3.62B	15.87	―	2.99%	-11.64%	-24.17%
MIKN	69 Neutral	CHF263.31M	6.02	13.91%	2.43%	-1.94%	6.63%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
STGN	54 Neutral	CHF171.78M	-5.07	―	3.45%	-1.46%	-115.85%
BYS	48 Neutral	CHF443.60M	-19.34	-9.18%	1.50%	-21.53%	-4693.32%
RIEN	46 Neutral	CHF423.40M	-2.53	―	7.53%	-28.40%	-117.97%
KOMN	44 Neutral	CHF246.12M	-36.22	―	―	-13.64%	-281.19%

Bystronic Corporate Events

Bystronic Signals Resilient Operations in Tough Market Conditions

Bystronic reported a positive operating development despite what it described as a challenging market environment, signaling resilient performance in its core industrial manufacturing activities. The ad hoc announcement underlines that, even amid macroeconomic and geopolitical headwinds, the company continues to position itself as a robust player in the global sheet metal processing market, a point of interest for investors tracking industrial cyclicals.

The disclosure emphasizes the firm’s geographic diversification with production sites in Europe, China, and the U.S., which may help mitigate regional demand and supply-chain volatility. While detailed financial metrics were not provided, the upbeat operational tone suggests that Bystronic’s strategy in automation, software, and advanced laser applications is supporting its competitive standing and could influence investor sentiment in the Swiss industrials segment.

The most recent analyst rating on (CH:BYS) stock is a Hold with a CHF300.00 price target. To see the full list of analyst forecasts on Bystronic stock, see the CH:BYS Stock Forecast page.

Bystronic Buys Coherent Unit, Launches Bystronic Rofin to Target Medtech and Semiconductor Markets

Bystronic has completed the acquisition of Coherent Corp.’s Tools for Materials Processing business unit, securing the established Rofin brand and creating a new division, Bystronic Rofin. The deal significantly expands Bystronic’s laser technology portfolio into micro materials processing, marking, engraving, and drilling, and opens access to high-growth markets such as medical technology and semiconductor manufacturing. Bystronic Rofin’s versatile laser solutions, capable of processing metals, glass, ceramics, polymers, and organic materials, are expected to broaden the company’s application range and support further research and development, strengthening its competitive position and value proposition for customers seeking higher performance and more flexible production capabilities across multiple industries.

The most recent analyst rating on (CH:BYS) stock is a Hold with a CHF300.00 price target. To see the full list of analyst forecasts on Bystronic stock, see the CH:BYS Stock Forecast page.