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AIXTRON
(XETRA:AIXA)
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Rating:62Neutral
Price Target:
€40.00
▼(-0.57% Downside)
Action:Downgraded
Date:08/04/26
The score is supported primarily by solid financial health and strong recent free cash flow despite a cyclical slowdown. It is weighed down by weak technicals (below key moving averages with negative MACD) and a stretched valuation (high P/E with low dividend yield).
Positive Factors
Free cash flow generation
Sustained, strong trailing‑12‑month free cash flow provides durable internal funding for R&D, service expansion and working capital. High FCF relative to earnings supports reinvestment and resilience through capital‑spending cycles, improving strategic optionality over months.
Negative Factors
Revenue deceleration
A shift to negative top‑line growth suggests weakening tool demand and softer order intake; this reduces operating leverage and makes sustaining R&D investments and margin recovery harder. If prolonged, it can limit long‑term expansion of the installed base and services revenue.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Sustained, strong trailing‑12‑month free cash flow provides durable internal funding for R&D, service expansion and working capital. High FCF relative to earnings supports reinvestment and resilience through capital‑spending cycles, improving strategic optionality over months.
Read all positive factors
AIXTRON (AIXA) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€4.43B
Dividend Yield0.41%
Average Volume (3M)663.70K
Price to Earnings (P/E)69.8
Beta (1Y)0.90
Revenue Growth-24.00%
EPS Growth-46.54%
CountryDE
Employees1,057
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)0.52
Shares Outstanding122,956,120
10 Day Avg. Volume842,498
30 Day Avg. Volume663,699
Financial Highlights & Ratios
PEG Ratio-1.19
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
€47.33Price Target Upside17.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.74
Revenue Forecast (FY)€577.21M
AIXTRON Business Overview & Revenue Model
Company Description
Based in Herzogenrath, Germany, AIXTRON SE, established in 1983, serves the global semiconductor industry by supplying sophisticated deposition equipment. Operating across Asia, Europe, and the Americas, the company undertakes the full scope of ac...
How the Company Makes Money
AIXTRON primarily makes money by selling capital equipment—its deposition systems (notably MOCVD and related deposition platforms)—to semiconductor manufacturers and research institutions. Revenue is largely recognized from system deliveries/accep...
AIXTRON Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
74
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 481.08M | 556.55M | 633.16M | 629.88M | 463.17M | 428.95M |
| Gross Profit | 190.05M | 220.96M | 262.47M | 279.03M | 195.27M | 181.48M |
| EBITDA | 73.15M | 108.82M | 146.85M | 169.50M | 114.37M | 108.23M |
| Net Income | 58.09M | 85.23M | 106.28M | 145.19M | 100.44M | 95.66M |
Balance Sheet | ||||||
| Total Assets | 1.64B | 1.04B | 1.02B | 1.03B | 902.58M | 740.70M |
| Cash, Cash Equivalents and Short-Term Investments | 816.17M | 224.61M | 64.60M | 181.68M | 325.16M | 352.49M |
| Total Debt | 349.19M | 7.50M | 5.02M | 5.44M | 7.96M | 4.03M |
| Total Liabilities | 643.86M | 129.38M | 170.34M | 252.37M | 239.26M | 148.53M |
| Stockholders Equity | 992.51M | 910.23M | 847.87M | 777.37M | 663.11M | 591.99M |
Cash Flow | ||||||
| Free Cash Flow | 273.05M | 181.32M | -72.47M | -109.93M | 7.48M | -30.96M |
| Operating Cash Flow | 296.27M | 208.74M | 26.23M | -47.29M | 37.14M | -13.50M |
| Investing Cash Flow | -549.96M | -141.28M | -15.04M | 78.12M | -48.27M | -17.49M |
| Financing Cash Flow | 425.26M | -18.65M | -46.47M | -35.88M | -34.59M | -8.59M |
AIXTRON Technical Analysis
Neutral
40.23
Price Trends
48.99
Negative
45.70
Negative
32.70
Positive
Market Momentum
-3.45
Negative
41.83
Neutral
55.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:AIXA, the sentiment is Neutral. The current price of 40.23 is above the 20-day moving average (MA) of 39.82, below the 50-day MA of 48.99, and above the 200-day MA of 32.70, indicating a neutral trend. The MACD of -3.45 indicates Negative momentum. The RSI at 41.83 is Neutral, neither overbought nor oversold. The STOCH value of 55.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | €194.69M | 10.11 | 15.59% | ― | -11.39% | -26.05% | |
73 Outperform | €774.28M | 39.32 | 14.61% | 0.41% | 21.41% | ― | |
62 Neutral | €4.43B | 69.75 | 6.62% | 0.37% | -24.00% | -46.54% | |
57 Neutral | €1.42B | 38.35 | 10.88% | 0.05% | -1.96% | -40.65% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
DE:AIXA
AIXTRON
38.24
25.30
195.59%
DE:BSL
Basler AG
23.80
11.85
99.11%
DE:SIS
First Sensor
51.50
-5.02
-8.88%
DE:M5Z
Manz AG
0.01
-0.18
-94.76%
DE:SMHN
Suss Microtec
78.70
47.19
149.79%
DE:CTNK
centrotherm international AG
9.15
3.75
69.44%
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.