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centrotherm international AG (DE:CTNK)
FRANKFURT:CTNK
Germany Market

centrotherm international AG (CTNK) AI Stock Analysis

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DE

centrotherm international AG

(Frankfurt:CTNK)

Rating:86Outperform
Price Target:
€7.50
▲(33.93%Upside)
The strong technical analysis and undervaluation are the most significant factors driving the score, indicating positive momentum and potential for further growth. Financial performance is robust, reflecting a successful recovery and stability, although attention to cash flow volatility is advised.

centrotherm international AG (CTNK) vs. iShares MSCI Germany ETF (EWG)

centrotherm international AG Business Overview & Revenue Model

Company Descriptioncentrotherm 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 MoneyCentrotherm International AG generates revenue primarily through the sale of its thermal processing equipment and related services for the photovoltaic and semiconductor industries. Its key revenue streams include the provision of turnkey production lines, individual process systems, and after-sales services, such as maintenance and upgrades. Additionally, the company benefits from strategic partnerships and collaborations that enhance its technological capabilities and market reach. Centrotherm's focus on innovation and efficiency allows it to capitalize on the increasing demand for sustainable energy solutions and advanced electronic components.

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
85
Very Positive
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
78
Positive
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
82
Very Positive
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
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
151.24M238.20M151.24M180.47M175.60M107.26M
Gross Profit
35.11M120.40M34.29M71.67M68.05M42.85M
EBIT
8.64M35.40M10.14M10.79M3.40M-10.60M
EBITDA
12.60M41.00M20.37M16.10M16.07M-7.81M
Net Income Common Stockholders
18.70M25.95M18.70M13.04M11.61M-11.08M
Balance SheetCash, Cash Equivalents and Short-Term Investments
50.10M103.95M57.98M69.45M40.11M30.77M
Total Assets
316.27M398.29M316.27M243.91M270.81M239.95M
Total Debt
483.00K18.59M2.10M17.48M17.64M17.54M
Net Debt
-49.62M-77.38M-47.81M-42.49M-13.25M-12.79M
Total Liabilities
233.06M288.95M233.06M188.51M227.09M208.09M
Stockholders Equity
83.20M109.32M83.20M55.39M43.72M31.85M
Cash FlowFree Cash Flow
-10.41M46.24M-13.31M28.24M7.27M10.64M
Operating Cash Flow
-10.41M50.48M-10.41M30.28M9.62M11.31M
Investing Cash Flow
-2.90M-4.17M-2.90M-1.90M-2.33M9.41M
Financing Cash Flow
-511.00K-461.00K-511.00K-500.00K-4.09M-4.76M

centrotherm international AG Technical Analysis

Technical Analysis Sentiment
Positive
Last Price5.60
Price Trends
50DMA
4.61
Positive
100DMA
4.03
Positive
200DMA
3.81
Positive
Market Momentum
MACD
0.34
Positive
RSI
62.11
Neutral
STOCH
22.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:CTNK, the sentiment is Positive. The current price of 5.6 is below the 20-day moving average (MA) of 5.90, above the 50-day MA of 4.61, and above the 200-day MA of 3.81, indicating a bullish trend. The MACD of 0.34 indicates Positive momentum. The RSI at 62.11 is Neutral, neither overbought nor oversold. The STOCH value of 22.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:CTNK.

centrotherm international AG Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
86
Outperform
€118.51M4.8926.96%57.50%38.81%
62
Neutral
$11.93B10.60-7.51%3.00%7.40%-8.09%
€1.12B12.969.13%1.79%
€905.00M13.4218.17%8.51%
€8.64B53.1711.26%1.01%
€686.02M6.07-19.00%2.51%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DE:CTNK
centrotherm international AG
6.00
1.57
35.44%
GB:0ZPV
Jenoptik
19.85
-9.12
-31.48%
GB:0F6S
Maschinenfabrik Berthold Hermle
176.78
-31.67
-15.19%
GB:0RB8
Scout24
118.44
47.18
66.21%
GB:0NIF
SMA Solar Technology
20.14
-23.62
-53.98%
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.