AIXTRON SE (DE:AIXA)
XETRA:AIXA
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AIXTRON
(XETRA:AIXA)
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Rating:77Outperform
Price Target:
€50.00
▲(12.94% Upside)
Action:ReiteratedDate:04/18/26
The score is driven primarily by strong financial resilience (very low leverage and solid profitability despite a 2025 slowdown) and strong technical momentum with price well above major moving averages. The main offsets are inconsistent historical cash flow conversion and a valuation that looks moderate-to-premium with a low dividend yield.
Positive Factors
Strong Balance Sheet
Very low leverage and a large equity base provide durable financial flexibility. This lets the company fund R&D, absorb cyclical order volatility, support customers through long equipment lifecycles, and pursue strategic investments without relying on external financing.
Negative Factors
Revenue Decline
A multi-year slowdown and recent revenue decline signal that end-customer capex and order timing are softening. Sustained top-line weakness can erode operating leverage, reduce R&D funding capacity, and pressure margins and long-term growth visibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Balance Sheet
Very low leverage and a large equity base provide durable financial flexibility. This lets the company fund R&D, absorb cyclical order volatility, support customers through long equipment lifecycles, and pursue strategic investments without relying on external financing.
Read all positive factors
AIXTRON (AIXA) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€4.77B
Dividend Yield0.88%
Average Volume (3M)663.70K
Price to Earnings (P/E)22.9
Beta (1Y)0.96
Revenue Growth-3.93%
EPS Growth-20.93%
CountryDE
Employees1,186
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)0.43
Shares Outstanding113,456,120
10 Day Avg. Volume842,498
30 Day Avg. Volume663,699
Financial Highlights & Ratios
PEG Ratio-1.20
Price to Book (P/B)2.14
Price to Sales (P/S)3.51
P/FCF Ratio10.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€33.49Price Target Upside-24.35% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)0.68
Revenue Forecast (FY)€546.54M
AIXTRON Business Overview & Revenue Model
Company Description
AIXTRON SE, together with its subsidiaries, provides deposition equipment to the semiconductor industry in Asia, Europe, and the Americas. It develops, produces, sells, maintains, and installs equipment for the deposition of semiconductor material...
How the Company Makes Money
AIXTRON primarily makes money by selling capital equipment—especially MOCVD deposition systems—used by semiconductor manufacturers and research institutions to produce compound-semiconductor devices. Revenue is largely generated from (1) system sa...
AIXTRON Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 556.55M | 633.16M | 629.88M | 463.17M | 428.95M |
| Gross Profit | 220.96M | 262.47M | 279.03M | 195.27M | 181.48M |
| EBITDA | 108.82M | 146.85M | 169.50M | 114.37M | 108.23M |
| Net Income | 85.23M | 106.28M | 145.19M | 100.44M | 95.66M |
Balance Sheet | |||||
| Total Assets | 1.04B | 1.02B | 1.03B | 902.58M | 740.70M |
| Cash, Cash Equivalents and Short-Term Investments | 224.61M | 64.60M | 181.68M | 325.16M | 352.49M |
| Total Debt | 7.50M | 5.02M | 5.44M | 7.96M | 4.03M |
| Total Liabilities | 129.38M | 170.34M | 252.37M | 239.26M | 148.53M |
| Stockholders Equity | 910.23M | 847.87M | 777.37M | 663.11M | 591.99M |
Cash Flow | |||||
| Free Cash Flow | 181.32M | -72.47M | -109.93M | 7.48M | -30.96M |
| Operating Cash Flow | 208.74M | 26.23M | -47.29M | 37.14M | -13.50M |
| Investing Cash Flow | -141.28M | -15.04M | 78.12M | -48.27M | -17.49M |
| Financing Cash Flow | -18.65M | -46.47M | -35.88M | -34.59M | -8.59M |
AIXTRON Technical Analysis
Positive
44.27
Price Trends
30.31
Positive
24.49
Positive
19.46
Positive
Market Momentum
2.97
Negative
70.69
Negative
92.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:AIXA, the sentiment is Positive. The current price of 44.27 is above the 20-day moving average (MA) of 35.87, above the 50-day MA of 30.31, and above the 200-day MA of 19.46, indicating a bullish trend. The MACD of 2.97 indicates Negative momentum. The RSI at 70.69 is Negative, neither overbought nor oversold. The STOCH value of 92.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:AIXA.
AIXTRON Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | €256.06M | 5.67 | 15.59% | ― | 94.73% | 83.64% | |
77 Outperform | €4.77B | 22.91 | 9.82% | 0.88% | -3.93% | -20.93% | |
67 Neutral | €1.20B | 19.30 | 18.05% | 0.78% | 34.77% | 52.20% | |
60 Neutral | €551.29M | 41.55 | 8.95% | ― | 19.61% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
DE:AIXA
AIXTRON
43.41
33.32
330.27%
DE:BSL
Basler AG
18.58
10.82
139.43%
DE:SIS
First Sensor
53.50
-3.35
-5.89%
DE:M5Z
Manz AG
0.08
-0.22
-73.33%
DE:SMHN
Suss Microtec
67.00
37.31
125.69%
DE:CTNK
centrotherm international AG
12.10
8.50
236.11%
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.