Komax Holding AG (CH:KOMN)
:KOMN
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Komax Holding AG
(KOMN)
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Rating:44Neutral
Price Target:
CHF42.00
▼(-16.17% Downside)
Action:ReiteratedDate:03/12/26
The score is held down primarily by deteriorating profitability and cash generation (losses in 2024–2025 and negative free cash flow in 2025), reinforced by a clearly bearish technical setup (price below all key moving averages with negative MACD). Moderate leverage on the balance sheet provides some stability, but the negative P/E underscores that the current valuation is tied to losses.
Positive Factors
Recurring aftermarket & services
Komax's business mixes capital equipment sales with recurring service, spare parts, upgrades and software revenue. This creates higher lifetime customer value, recurring cash streams and deeper customer ties that stabilize revenues across capital spending cycles in automotive and industrial markets.
Negative Factors
Profitability deterioration
A multi-year swing from positive earnings to sustained losses materially weakens Komax's ability to self-fund R&D, capex and working capital. Persistent operating losses can erode equity, limit strategic investments, and force tougher capital allocation choices over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring aftermarket & services
Komax's business mixes capital equipment sales with recurring service, spare parts, upgrades and software revenue. This creates higher lifetime customer value, recurring cash streams and deeper customer ties that stabilize revenues across capital spending cycles in automotive and industrial markets.
Read all positive factors
Komax Holding AG (KOMN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF256.11M
Dividend YieldN/A
Average Volume (3M)20.21K
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue Growth-13.64%
EPS Growth-281.19%
CountryCH
Employees3,025
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.87
Shares Outstanding5,133,333
10 Day Avg. Volume18,136
30 Day Avg. Volume20,214
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)0.98
Price to Sales (P/S)0.57
P/FCF Ratio-51.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF74.33Price Target Upside48.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.49
Revenue Forecast (FY)CHF587.04M
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...
How the Company Makes Money
Komax makes money primarily by selling capital equipment and automation systems for wire and cable processing to manufacturers that produce cable harnesses and related electrical assemblies. A major revenue stream comes from the sale of machines, ...
Komax Holding AG Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
66
Positive
Cash Flow
41
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 574.20M | 627.51M | 745.13M | 599.17M | 415.92M |
| Gross Profit | 149.57M | 396.04M | 426.60M | 191.53M | 125.89M |
| EBITDA | 22.10M | 36.57M | 93.17M | 89.22M | 57.90M |
| Net Income | -9.07M | -3.22M | 43.84M | 51.77M | 30.38M |
Balance Sheet | |||||
| Total Assets | 647.28M | 689.41M | 708.92M | 788.88M | 517.14M |
| Cash, Cash Equivalents and Short-Term Investments | 60.13M | 80.10M | 76.26M | 82.75M | 50.68M |
| Total Debt | 171.99M | 177.69M | 169.19M | 188.26M | 149.07M |
| Total Liabilities | 311.64M | 332.80M | 318.32M | 372.29M | 252.24M |
| Stockholders Equity | 334.02M | 355.53M | 390.60M | 416.59M | 264.90M |
Cash Flow | |||||
| Free Cash Flow | -6.35M | 38.71M | 33.53M | 25.93M | -5.06M |
| Operating Cash Flow | 6.08M | 59.67M | 62.07M | 39.01M | 33.01M |
| Investing Cash Flow | -18.38M | -43.55M | -10.38M | -21.39M | -38.50M |
| Financing Cash Flow | -4.30M | -12.95M | -53.76M | 17.19M | 3.87M |
Komax Holding AG Technical Analysis
Negative
50.10
Price Trends
62.02
Negative
62.40
Negative
75.24
Negative
Market Momentum
-4.63
Negative
38.93
Neutral
73.96
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 50.1 is below the 20-day moving average (MA) of 52.88, below the 50-day MA of 62.02, and below the 200-day MA of 75.24, indicating a bearish trend. The MACD of -4.63 indicates Negative momentum. The RSI at 38.93 is Neutral, neither overbought nor oversold. The STOCH value of 73.96 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | CHF1.91B | 54.72 | ― | 2.17% | 11.43% | 6.46% | |
69 Neutral | CHF262.00M | 6.02 | 13.91% | 2.43% | -1.94% | 6.63% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | CHF1.23B | 33.61 | ― | 1.46% | -3.67% | -12.95% | |
51 Neutral | CHF134.08M | -20.84 | -1.88% | ― | -15.70% | -670.93% | |
48 Neutral | CHF423.95M | -19.34 | -9.18% | 1.50% | -21.53% | -4693.32% | |
44 Neutral | CHF256.11M | -36.22 | ― | ― | -13.64% | -281.19% |
* Industrials Sector Average
CH:KOMN
Komax Holding AG
49.95
-50.45
-50.25%
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Komax Holding AG Corporate Events
Komax Cuts Costs, Completes Schleuniger Integration and Deepens China Push Amid 2025 Downturn
Mar 10, 2026
Komax Group reported a challenging 2025, with sales down 7.9% to CHF 580.9 million due mainly to weakness in the automotive market, while order intake dipped 2.1% amid geopolitical tensions and investment caution. Despite negative currency effects...
Komax Showcases Automation Strength in Audi-Led Next2OEM Wiring Harness Project
Jan 27, 2026
Komax Gruppe has successfully showcased its automation expertise in the Next2OEM funding project led by Audi, which set out to achieve a maximum level of automation in wiring harness production and thereby transform automobile manufacturing. Over ...
Komax Showcases Automation Strength in Audi-Led Next2OEM Wiring Harness Project
Jan 27, 2026
Komax Gruppe has successfully showcased its automation expertise in the Next2OEM funding project led by Audi, which set out to achieve a maximum level of automation in wiring harness production and thereby transform automobile manufacturing. Over ...
Komax Squeezes Out Positive 2025 EBIT as Cost Cuts Offset Market Headwinds
Jan 20, 2026
Komax Holding AG reported that its ongoing cost-reduction program has yielded earlier-than-expected benefits, enabling the group to achieve a slightly positive operating result in 2025 despite restructuring expenses, negative currency effects and ...
Komax CFO Christian Mäder to Depart in 2026, Successor Search Underway
Jan 13, 2026
Komax Holding AG announced that Chief Financial Officer Christian Mäder will leave the company at the end of June 2026 to take up the CFO role at a larger, globally leading Swiss industrial group, with the search for his successor starting im...
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.