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Komax Holding AG
(KOMN)
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Rating:44Neutral
Price Target:
CHF43.00
▼(-26.99% Downside)
Action:Reiterated
Date: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 after‑sales & software revenue
Komax’s business model generates after‑sales income (spare parts, consumables, maintenance, retrofits) and software/service offerings tied to an installed base. These recurring streams smooth capital‑equipment cyclicality, support margin durability, and provide predictable long‑term revenue visibility.
Negative Factors
Deteriorating profitability to losses
Earnings deterioration into multi‑year losses undermines internal funding for R&D, service capacity and strategic initiatives. Persistent losses can force margin compression, cost cutting or restructuring, reducing the firm’s ability to invest in product development and sustain long‑term competitive positioning.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring after‑sales & software revenue
Komax’s business model generates after‑sales income (spare parts, consumables, maintenance, retrofits) and software/service offerings tied to an installed base. These recurring streams smooth capital‑equipment cyclicality, support margin durability, and provide predictable long‑term revenue visibility.
Read all positive factors
Komax Holding AG (KOMN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF241.50M
Dividend YieldN/A
Average Volume (3M)20.21K
Price to Earnings (P/E)―
Beta (1Y)1.19
Revenue Growth-7.68%
EPS Growth-182.03%
CountryCH
Employees3,167
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-1.21
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
CHF68.00Price Target Upside15.45% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)2.02
Revenue Forecast (FY)CHF573.20M
Komax Holding AG Business Overview & Revenue Model
Company Description
Komax Holding AG, along with its subsidiaries, specializes in automated solutions for wire processing. Its extensive product portfolio features a diverse range of machinery, including electrical, rotary, and coaxial wire strippers, as well as rota...
How the Company Makes Money
Komax makes money primarily by selling capital equipment and related solutions used to manufacture wiring harnesses. A major revenue stream is the sale of automated wire-processing machines and integrated production lines (hardware) that perform t...
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
Neutral
58.90
Price Trends
51.12
Negative
53.09
Negative
59.21
Negative
Market Momentum
-1.35
Negative
48.87
Neutral
71.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:KOMN, the sentiment is Neutral. The current price of 58.9 is above the 20-day moving average (MA) of 45.13, above the 50-day MA of 51.12, and below the 200-day MA of 59.21, indicating a neutral trend. The MACD of -1.35 indicates Negative momentum. The RSI at 48.87 is Neutral, neither overbought nor oversold. The STOCH value of 71.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CH:KOMN.
Komax Holding AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | CHF267.73M | 8.26 | 13.91% | 2.43% | -1.24% | -11.13% | |
67 Neutral | CHF1.84B | 48.24 | ― | 2.17% | 5.79% | -49.07% | |
62 Neutral | CHF1.10B | 20.20 | ― | 1.46% | -2.46% | -11.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | CHF241.50M | -38.26 | ― | ― | -7.68% | -182.03% | |
44 Neutral | CHF282.50M | -9.91 | -9.18% | 1.50% | -5.41% | 57.21% |
* General Sector Average
CH:KOMN
Komax Holding AG
46.30
-58.90
-55.99%
CH:KARN
Kardex AG
240.00
-59.91
-19.98%
CH:INRN
Interroll Holding AG
1,322.00
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-41.43%
CH:BYS
Bystronic
138.60
-248.86
-64.23%
CH:MIKN
Mikron Holding AG
16.10
-1.35
-7.72%
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.