centrotherm international AG (CTNK) AI Stock Analysis

• Market Cap: €103.70M
• Dividend Yield: N/A
• Average Volume (3M): 518.00
• Price to Earnings (P/E): 3.0
• Beta (1Y): 0.28
• Revenue Growth: 94.73%
• EPS Growth: 83.64%
• Country: DE
• Employees: 731
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.47
• Shares Outstanding: 21,162,380
• 10 Day Avg. Volume: 556
• 30 Day Avg. Volume: 518
• PEG Ratio: 0.07
• Price to Book (P/B): 0.64
• Price to Sales (P/S): 0.29
• P/FCF Ratio: 1.52
• 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: €5.50
• Price Target Upside: 12.24% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 81 Outperform
• Price Target: €6.50 ▲(32.65% Upside)

centrotherm international AG receives a strong overall stock score of 81, driven primarily by its robust financial performance and attractive valuation. The company's financial recovery and low leverage enhance its stability, while its undervaluation relative to peers suggests potential for price growth. Technical indicators show a bullish trend, though caution is advised due to overbought signals.

centrotherm international AG Business Overview & Revenue Model

Company Description

centrotherm international AG provides production equipment and solutions for the photovoltaic, semiconductor, and microelectronic industries worldwide. It offers low pressure diffusion furnace, plasma enhanced chemical vapor deposition and LPCVD systems, fast firing furnaces, regeneration furnaces, and batch-type systems; integrated production solutions for the manufacturing of mono and multi-crystalline solar cells; and horizontal and vertical batch systems, single wafer systems, and vertical high temperature furnaces for use in semiconductors. The company also provides logic and memory devices, power semiconductors, LED, SMT, and MEMS or sensor technology products; production systems delivery, assembly, and commissioning services; training of customer staff in the operation of production systems; replacement parts purchasing services; supplementary and consulting services for systems; remote control and maintenance services for the analysis and troubleshooting of system errors; optimization services for processes and production stages; maintenance services; and retrofitting, refurbishment, and equipment upgradation services. In addition, it offers automated vacuum soldering furnaces for high-volume production; vacuum soldering systems for high volume production; vacuum soldering systems for advanced packaging; conveyor furnaces for direct copper bonding; conveyor furnaces for serial production; and full hydrogen atmosphere conveyor belt furnaces for glass-to-metal seals and packaging applications. Further, the company provides carbon precursor stabilization ovens and conveyor belt furnaces for ceramic fibers; and spare and replacement parts, as well as customized upgrade kits for centrotherm production systems. The company was formerly known as Centrotherm photovoltaics AG and changed its name to centrotherm international AG in June 2017. The company was founded in 1948 and is headquartered in Blaubeuren, Germany.

How the Company Makes Money

CTNK generates revenue primarily through the sale of its specialized equipment and systems to manufacturers in the semiconductor and photovoltaic sectors. Key revenue streams include direct sales of production systems, service contracts for maintenance and support, and the provision of customization services to meet specific client needs. Additionally, the company may benefit from strategic partnerships with other technology firms and suppliers that enhance its product offerings and market reach, contributing to its overall earnings.

centrotherm international AG Financial Statement Overview

Summary

centrotherm international AG showcases a commendable financial recovery and growth trajectory, with substantial improvements in revenue and profitability metrics. The company maintains a strong balance sheet with low leverage and growing equity, enhancing its financial stability. Cash flows have shown significant recovery, indicating robust cash management and operational efficiency. While the financial outlook is positive, the company should remain vigilant to market dynamics and potential risks in cash flow stability.

Income Statement

centrotherm international AG's income statement shows strong growth in total revenue from €107.26 million in 2020 to €238.20 million in 2024, indicating a robust expansion trajectory. The company achieved a significant improvement in net profit margin, transitioning from a loss in 2019 and 2020 to a positive margin of 10.90% in 2024. Similarly, the EBIT margin improved, reaching 14.86% in 2024. This reflects effective cost management and operational efficiency, enhancing profitability. However, revenue growth was uneven, with a dip in 2022, pointing to potential market fluctuations or challenges.

Balance Sheet

The balance sheet of centrotherm international AG demonstrates stability with a growing stockholders' equity, increasing from €31.85 million in 2020 to €109.32 million in 2024. The debt-to-equity ratio remains low at 0.17 in 2024, indicating low financial leverage and a conservative capital structure. The equity ratio improved to 27.45% in 2024, suggesting a solid asset base relative to liabilities. However, the total liabilities still represent a significant portion of total assets, which could pose risks if not managed properly.

Cash Flow

centrotherm international AG's cash flow statement highlights a strong recovery in operating cash flow, from negative in 2023 to €50.48 million in 2024, supporting liquidity. The free cash flow surged to €46.24 million in 2024, reflecting improved cash generation capabilities. The operating cash flow to net income ratio indicates efficient conversion of profit into cash, enhancing financial flexibility. Despite the positive trajectory, the volatility in cash flows over the years suggests potential operational or market challenges that require attention.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	151.24M	238.20M	151.24M	180.47M	175.60M	107.26M
Gross Profit	35.11M	67.36M	81.31M	26.37M	68.05M	42.85M
EBITDA	18.09M	41.00M	20.37M	16.10M	16.07M	-7.81M
Net Income	18.70M	25.95M	18.70M	13.04M	11.61M	-9.89M
Balance Sheet
Total Assets	316.27M	398.29M	316.27M	243.91M	270.81M	239.95M
Cash, Cash Equivalents and Short-Term Investments	57.98M	103.95M	57.98M	69.45M	40.11M	32.83M
Total Debt	17.58M	18.59M	2.10M	2.19M	17.64M	17.54M
Total Liabilities	233.06M	288.95M	233.06M	188.51M	227.09M	208.09M
Stockholders Equity	83.20M	109.32M	83.20M	64.90M	43.72M	31.85M
Cash Flow
Free Cash Flow	-10.41M	46.24M	-13.31M	28.24M	7.27M	10.64M
Operating Cash Flow	-10.41M	50.48M	-10.41M	30.28M	9.62M	11.31M
Investing Cash Flow	-2.90M	-4.17M	-2.90M	-1.90M	-2.33M	9.41M
Financing Cash Flow	-511.00K	-461.00K	-511.00K	-500.00K	-4.09M	-4.76M

centrotherm international AG Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:CTNK, the sentiment is Negative. The current price of 4.9 is below the 20-day moving average (MA) of 5.16, below the 50-day MA of 5.05, and above the 200-day MA of 4.45, indicating a neutral trend. The MACD of 0.18 indicates Negative momentum. The RSI at 46.62 is Neutral, neither overbought nor oversold. The STOCH value of 33.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:CTNK.

centrotherm international AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTNK	81 Outperform	€103.70M	3.00	34.03%	―	94.73%	83.64%
SMHN	75 Outperform	€666.37M	11.23	22.01%	0.87%	42.54%	174.07%
ELG	74 Outperform	€1.45B	11.31	23.45%	1.21%	-2.03%	20.37%
AIXA	69 Neutral	€1.68B	15.40	13.52%	1.01%	0.59%	-11.99%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
WAF	54 Neutral	€1.75B	59.64	1.51%	0.37%	-0.55%	-73.49%