Komax Holding AG (KOMN) AI Stock Analysis

• Market Cap: CHF346.61M
• Dividend Yield: N/A
• Average Volume (3M): 20.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.98
• 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: CHF74.33
• Price Target Upside: 9.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: CHF67.00 ▼(-0.89% Downside)

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

Balance sheet strength

A 51.6% equity ratio indicates durable capitalization and moderate leverage (debt-to-equity ~0.50). This financial resilience supports multi-year investment in R&D, absorbs cyclical downturns, and preserves strategic optionality for capital expenditures or targeted M&A.

Stable cash generation

Stable operating cash flow and a 15.4% rise in free cash flow show the business converts sales into cash despite accounting losses. Persistent cash generation underpins sustainable service/support revenue, funds capex and R&D, and reduces reliance on external financing over the medium term.

End-market partnerships

Established, long-term relationships with major automotive and electronics customers create recurring demand for machinery, spare parts, and services. These partnerships support predictable order pipelines, higher aftermarket revenue share, and provide a durable commercial moat against new entrants.

Negative Factors

Declining revenue and margin compression

A sustained ~15.8% revenue drop and contracting gross, EBIT and EBITDA margins reduce scale benefits and weaken pricing power. Persistent top-line contraction undermines fixed-cost absorption and R&D ROI, risking longer-term competitiveness if recovery stalls.

Severe EPS deterioration

An extreme EPS decline signals a material shift from profitability to net loss. This erodes retained earnings, limits dividend or buyback options, constrains investment flexibility and can impair stakeholder confidence, hampering talent retention and long-term strategic initiatives.

Customer and industry concentration

Heavy reliance on automotive and electronics end-markets exposes revenues to sector cycles and OEM capex volatility. Prolonged weakness or delayed automotive investment can materially reduce orders for capital equipment, making growth and utilization-sensitive profitability vulnerable over multiple quarters.

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: Positive
• Last Price: 67.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:KOMN, the sentiment is Positive. The current price of 67.6 is above the 20-day moving average (MA) of 63.67, above the 50-day MA of 63.25, and below the 200-day MA of 83.46, indicating a neutral trend. The MACD of 1.02 indicates Negative momentum. The RSI at 59.29 is Neutral, neither overbought nor oversold. The STOCH value of 88.06 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	74 Outperform	CHF2.09B	28.14	―	2.17%	11.43%	6.46%
MIKN	71 Outperform	CHF278.37M	8.98	14.20%	2.43%	-1.94%	6.63%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
INRN	59 Neutral	CHF1.53B	25.81	―	1.46%	-3.67%	-12.95%
FTON	56 Neutral	CHF150.29M	-3.21	-9.74%	―	-15.70%	-670.93%
BYS	55 Neutral	CHF566.65M	-9.18	-9.18%	1.50%	-21.53%	-4693.32%
KOMN	49 Neutral	CHF346.61M	-33.53	―	―	-13.64%	-281.19%

Komax Holding AG Corporate Events

Komax Showcases Automation Strength in Audi-Led Next2OEM Wiring Harness Project

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 roughly three years, Komax contributed key technologies—including fully automatic cable processing machines, automated twisted-wire production, an integrated formboard with test modules, and a robot cell for taping and inline vision inspection—to a 400 m² prototype system at Audi’s Ingolstadt plant, where a center-console wiring harness from a current Audi model was produced in an automated process. The project demonstrated clear benefits of a highly automated process chain, such as reduced logistics and manual work, fewer errors, faster adjustment times, more resilient supply chains, fewer testing steps, and continuous data flow, while allowing Audi to deepen its production integration without raising unit material costs, underscoring Komax’s strategic role in advancing automation in automotive wiring harness manufacturing.

The most recent analyst rating on (CH:KOMN) stock is a Hold with a CHF65.00 price target. To see the full list of analyst forecasts on Komax Holding AG stock, see the CH:KOMN Stock Forecast page.

Komax Showcases Automation Strength in Audi-Led Next2OEM Wiring Harness Project

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 roughly three years, Komax contributed key technologies—including fully automatic cable processing machines, automated twisted-wire production, an integrated formboard with test modules, and a robot cell for taping and inline vision inspection—to a 400 m² prototype system at Audi’s Ingolstadt plant, where a center-console wiring harness from a current Audi model was produced in an automated process. The project demonstrated clear benefits of a highly automated process chain, such as reduced logistics and manual work, fewer errors, faster adjustment times, more resilient supply chains, fewer testing steps, and continuous data flow, while allowing Audi to deepen its production integration without raising unit material costs, underscoring Komax’s strategic role in advancing automation in automotive wiring harness manufacturing.

The most recent analyst rating on (CH:KOMN) stock is a Hold with a CHF65.00 price target. To see the full list of analyst forecasts on Komax Holding AG stock, see the CH:KOMN Stock Forecast page.

Komax Squeezes Out Positive 2025 EBIT as Cost Cuts Offset Market Headwinds

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 pressure from US customs duties. Order intake reached CHF 565 million and revenue roughly CHF 580 million for the year, with both metrics improving in the second half but still trailing 2024 levels amid weak investment from European automotive customers. The company booked around CHF 9 million in restructuring costs as part of a package of measures designed to deliver annual savings of CHF 25 million from 2026, partially offsetting headwinds including an estimated CHF 3 million EBIT impact from US tariffs and the strong Swiss franc, and underscoring its efforts to shore up profitability in a challenging, volatile market environment ahead of full-year results due in March.

The most recent analyst rating on (CH:KOMN) stock is a Hold with a CHF80.00 price target. To see the full list of analyst forecasts on Komax Holding AG stock, see the CH:KOMN Stock Forecast page.

Komax CFO Christian Mäder to Depart in 2026, Successor Search Underway

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 immediately. Management praised Mäder’s key role in structural adjustments and sustainable cost reductions during Komax’s current transformation phase, underscoring his influence on the company’s financial and strategic development and signaling a forthcoming leadership transition that investors and other stakeholders will watch closely.

The most recent analyst rating on (CH:KOMN) stock is a Hold with a CHF68.00 price target. To see the full list of analyst forecasts on Komax Holding AG stock, see the CH:KOMN Stock Forecast page.

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.

The most recent analyst rating on (CH:KOMN) stock is a Hold with a CHF94.00 price target. To see the full list of analyst forecasts on Komax Holding AG stock, see the CH:KOMN Stock Forecast page.

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.

The most recent analyst rating on (CH:KOMN) stock is a Hold with a CHF94.00 price target. To see the full list of analyst forecasts on Komax Holding AG stock, see the CH:KOMN Stock Forecast page.