Komax Holding AG (KOMN) AI Stock Analysis

• Market Cap: CHF325.59M
• Dividend Yield: N/A
• Average Volume (3M): 20.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.04
• Revenue Growth: -13.64%
• EPS Growth: -281.19%
• Country: CH
• Employees: 3,025
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): -0.90
• Shares Outstanding: 5,133,333
• 10 Day Avg. Volume: 18,136
• 30 Day Avg. Volume: 20,214
• PEG Ratio: 1.71
• Price to Book (P/B): 1.66
• Price to Sales (P/S): 0.94
• P/FCF Ratio: 15.23
• 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: CHF84.00
• Price Target Upside: 32.28% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: CHF94.00 ▲(48.03% Upside)

Komax Holding AG's stock faces significant challenges, primarily due to its declining financial performance and bearish technical indicators. The negative P/E ratio and lack of dividend yield further weigh on its valuation. Despite a robust cash flow position, the overall outlook remains cautious.

Positive Factors

Cash Flow Stability

Stable and improving cash flow indicates strong cash generation ability, providing financial flexibility and supporting long-term investments.

Balance Sheet Health

A strong equity ratio reflects financial stability, reducing risk and providing a buffer against economic downturns, supporting long-term growth.

Diversified Revenue Model

A diversified revenue model reduces dependency on a single income stream, enhancing resilience and providing multiple growth avenues.

Negative Factors

Declining Revenue

Declining revenue indicates potential market share loss or demand issues, which can impact long-term growth and competitive positioning.

Profitability Challenges

Decreasing margins suggest operational inefficiencies or pricing pressures, which can erode profitability and hinder sustainable growth.

Negative Return on Equity

Negative ROE indicates that the company is not generating sufficient returns on shareholder investments, potentially impacting investor confidence.

Komax Holding AG Business Overview & Revenue Model

Company Description

Komax Holding AG, together with its subsidiaries, engages in the automated wire processing business. The company offers electrical, rotary, and coaxial wire strippers, as well as rotary jacket strippers; wire crimpers for the semiautomatic machine; cutting and stripping machines; crimp to crimp wire processing machines for processing single conductors and double-crimp connections; wire twisting machines; and harness manufacturing machines for automatic block loading and wire harness manufacturing. It also provides wire-handling machines for preliminary wire processing; marking systems; process modules for economical production; quality tools; software solutions for automatic crimping machines; and a range of accessories. In addition, the company offers flexible benchtop crimping platform for individual processing; flexible platform for specific customers; automated rotary table for time saving in double-sided processing; and customer-specific platforms. Further, it provides digital services; consulting and installation services comprising inspection, production analysis, feasibility testing, installation, leasing, and acceptance testing services; and technical support and maintenance services, including helpdesk, production and ramp-up support, emergency planning, relocation, repair, and service and maintenance contracting services, as well as spare and wear parts. Additionally, the company offers upgrades and calibration services, as well as online and onsite training services. It offers its products under the Artos, Exmore, Kabatec, Laselec, Thonauer, and TSK brand names. The company serves automotive, aerospace, datacom/telecom, and industrial market segments. It operates in Switzerland, Europe, North and South America, Africa, and the Asia Pacific. The company was founded in 1975 and is headquartered in Dierikon, Switzerland.

How the Company Makes Money

Komax Holding AG generates revenue through the sale of its automated production systems and machinery, which are utilized in various manufacturing processes. Key revenue streams include the direct sale of equipment, as well as customer support services such as maintenance, training, and spare part sales. The company also benefits from long-term partnerships with major clients in the automotive and electronics industries, which provide a steady demand for its products. Additionally, Komax invests in research and development to continuously innovate and expand its product offerings, enhancing its competitive edge and driving further revenue growth.

Komax Holding AG Financial Statement Overview

Summary

Komax Holding AG faces profitability challenges with declining revenue and margins. However, it maintains a solid balance sheet with a stable equity ratio. The cash flow position is robust, showing resilience in cash generation despite income pressures.

Income Statement

Komax Holding AG's revenue showed a decline from 2023 to 2024, reflecting a -15.8% growth rate. The gross profit margin decreased to 63.1% in 2024, while the net profit margin significantly dropped due to a net loss. The EBIT and EBITDA margins also contracted, indicating decreased operational efficiency.

Balance Sheet

The company's debt-to-equity ratio slightly increased to 0.50, indicating moderate leverage. The return on equity turned negative due to the net loss. However, the equity ratio remains strong at 51.6%, suggesting a stable financial position despite recent profitability challenges.

Cash Flow

Operating cash flow remained stable, and free cash flow improved significantly by 15.4% from the previous year. The operating cash flow to net income ratio was strong, indicating efficient cash generation despite the net loss.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	441.90M	627.51M	745.13M	599.17M	415.92M	321.74M
Gross Profit	142.71M	396.04M	426.60M	191.53M	125.89M	75.93M
EBITDA	24.11M	36.57M	93.17M	89.22M	57.90M	26.40M
Net Income	-8.03M	-3.22M	43.84M	51.77M	30.38M	-1.32M
Balance Sheet
Total Assets	659.75M	689.41M	708.92M	788.88M	517.14M	454.41M
Cash, Cash Equivalents and Short-Term Investments	67.34M	80.10M	76.26M	82.75M	50.68M	51.85M
Total Debt	168.63M	177.69M	169.19M	188.26M	149.07M	144.28M
Total Liabilities	316.61M	332.80M	318.32M	372.29M	252.24M	217.93M
Stockholders Equity	341.15M	355.53M	390.60M	416.59M	264.90M	236.49M
Cash Flow
Free Cash Flow	29.02M	38.71M	33.53M	25.93M	-5.06M	15.96M
Operating Cash Flow	40.12M	59.67M	62.07M	39.01M	33.01M	41.77M
Investing Cash Flow	-38.14M	-43.55M	-10.38M	-21.39M	-38.50M	-26.33M
Financing Cash Flow	-13.45M	-12.95M	-53.76M	17.19M	3.87M	-9.22M

Komax Holding AG Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 63.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:KOMN, the sentiment is Negative. The current price of 63.5 is above the 20-day moving average (MA) of 63.34, below the 50-day MA of 63.61, and below the 200-day MA of 88.86, indicating a neutral trend. The MACD of 0.48 indicates Negative momentum. The RSI at 48.94 is Neutral, neither overbought nor oversold. The STOCH value of 25.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:KOMN.

Komax Holding AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KARN	70 Outperform	CHF2.12B	28.56	―	2.19%	11.43%	6.46%
MIKN	67 Neutral	CHF333.23M	10.75	14.20%	2.46%	-1.94%	6.63%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
INRN	59 Neutral	CHF1.77B	29.79	―	1.49%	-3.67%	-12.95%
FTON	56 Neutral	CHF157.66M	-3.39	-9.74%	―	-15.70%	-670.93%
KOMN	49 Neutral	CHF325.59M	-31.49	―	―	-13.64%	-281.19%
BYS	45 Neutral	CHF551.14M	-9.23	-9.18%	1.50%	-21.53%	-4693.32%

Komax Holding AG Corporate Events

Komax Group Enforces Patent Rights Against Competitor

The Komax Group has initiated legal proceedings against Hacint Intelligence Technology Co., Ltd., a Chinese competitor, for anticipated patent infringement. This move underscores Komax’s commitment to protecting its extensive intellectual property portfolio, which includes over 1,200 patents. As a market leader in automated cable processing, this action is crucial for maintaining its competitive edge and safeguarding its innovations, which are vital for its operations and stakeholders.

Komax Group Wins Prestigious Innovation Award for Cable Processing System

The Komax Group has received the productronica Innovation Award 2025 for its Adaptive Incision Control (AIC) system in the Cables, Coils & Hybrids category. This innovation enhances cable processing by ensuring high quality, reducing waste, and minimizing operator dependency, thereby providing significant competitive advantages for its customers.