centrotherm international AG (CTNK) AI Stock Analysis

• Market Cap: €114.28M
• Dividend Yield: N/A
• Average Volume (3M): 1.74K
• Price to Earnings (P/E): 4.4
• Beta (1Y): 0.29
• Revenue Growth: 57.50%
• EPS Growth: 38.81%
• Country: DE
• Employees: 731
• Sector: Technology
• Sector Strength: 87
• Industry: Semiconductors
• EPS (TTM): 1.17
• Shares Outstanding: 21,162,380
• 10 Day Avg. Volume: 735
• 30 Day Avg. Volume: 1,739
• PEG Ratio: <0.01
• Price to Book (P/B): 1.90
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.85
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 86 Outperform
• Price Target: €7.50 ▲(38.89%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 Business Overview & Revenue Model

Company Description

Centrotherm International AG (CTNK) is a global leader in the photovoltaic and semiconductor industries, offering advanced thermal processing solutions. The company specializes in the development and manufacturing of high-efficiency equipment for the production of silicon and other materials used in solar cells and semiconductors. Centrotherm's cutting-edge technologies and services cater to the growing demands of the renewable energy sector and the electronics industry, ensuring high-performance, cost-effective production processes.

How the Company Makes Money

Centrotherm 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

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	71.67M	68.05M	42.85M
EBITDA	12.60M	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	50.10M	103.95M	57.98M	69.45M	40.11M	30.77M
Total Debt	483.00K	18.59M	2.10M	17.48M	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	55.39M	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: Positive
• Last Price: 5.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 5.4 is below the 20-day moving average (MA) of 5.53, above the 50-day MA of 5.23, and above the 200-day MA of 3.92, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.97 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTNK	86 Outperform	€114.28M	4.40	26.96%	―	57.50%	38.81%
SMHN	77 Outperform	€832.29M	14.70	21.21%	0.59%	40.17%	347.51%
ELG	74 Outperform	€1.57B	12.78	23.28%	1.09%	-1.67%	18.77%
AIXA	70 Outperform	€1.85B	18.41	12.25%	0.91%	-6.50%	-34.18%
Sector *	63 Neutral	€10.05B	18.64	6.74%	1.75%	2.60%	-31.99%
WAF	59 Neutral	€1.20B	30.18	2.02%	0.50%	-2.61%	-72.43%