hGears AG (DE:HGEA)
XETRA:HGEA
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hGears AG
(XETRA:HGEA)
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Rating:40Underperform
Price Target:
€1.00
▼(-37.63% Downside)
Action:DowngradedDate:04/08/26
The score is driven primarily by weak financial performance—collapsing margins (including negative gross profit), widening losses that eroded equity, and two years of negative operating cash flow. Technicals are also generally bearish with the price below longer-term moving averages and a negative MACD, while valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
E‑mobility specialization
hGears’ core focus on high‑precision gearing for e‑mobility aligns with a multi‑year structural shift to electrified drivetrains. Serving OEMs in this niche supports recurring series production revenue and exposes the company to secular demand for electric mobility components rather than one‑off product cycles.
Negative Factors
Negative gross profit
A negative gross margin indicates the core manufacturing economics are currently unprofitable, suggesting structural cost, pricing or mix issues. Over time this erodes cash flow and competitiveness unless process, pricing or product mix improvements restore positive unit economics across series production.
Read all positive and negative factors
Positive Factors
Negative Factors
E‑mobility specialization
hGears’ core focus on high‑precision gearing for e‑mobility aligns with a multi‑year structural shift to electrified drivetrains. Serving OEMs in this niche supports recurring series production revenue and exposes the company to secular demand for electric mobility components rather than one‑off product cycles.
Read all positive factors
hGears AG (HGEA) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€10.30M
Dividend YieldN/A
Average Volume (3M)1.50K
Price to Earnings (P/E)―
Beta (1Y)-0.09
Revenue Growth-10.38%
EPS Growth-19.93%
CountryDE
Employees647
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-2.05
Shares Outstanding10,400,000
10 Day Avg. Volume1,799
30 Day Avg. Volume1,504
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.68
Price to Sales (P/S)0.18
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.04
Revenue Forecast (FY)€93.30M
hGears AG Business Overview & Revenue Model
Company Description
hGears AG develops, manufactures, and supplies precision components and sub-systems, and system solutions worldwide. The company offers gears, sprockets, shafts, structural components, complete gearboxes, and other components. Its products are use...
How the Company Makes Money
hGears makes money mainly by selling manufactured precision components—especially high-precision gears, shafts, and related machined metal parts—produced in series for OEM and tier customers. Revenue is generated through long-term supply relations...
hGears AG Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
22
Negative
Cash Flow
20
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 91.82M | 95.71M | 112.47M | 135.33M | 134.91M |
| Gross Profit | -16.63M | 41.92M | 55.96M | 70.68M | 76.39M |
| EBITDA | 1.11M | -3.71M | 923.00K | 12.00M | 19.08M |
| Net Income | -27.84M | -21.17M | -13.79M | -841.00K | 2.35M |
Balance Sheet | |||||
| Total Assets | 76.27M | 107.02M | 136.75M | 157.01M | 156.38M |
| Cash, Cash Equivalents and Short-Term Investments | 8.68M | 17.13M | 26.60M | 37.28M | 47.25M |
| Total Debt | 27.17M | 26.32M | 29.82M | 34.35M | 35.79M |
| Total Liabilities | 51.91M | 54.14M | 63.00M | 68.87M | 67.72M |
| Stockholders Equity | 24.36M | 52.88M | 73.74M | 88.14M | 88.66M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -6.31M | -4.13M | -5.68M | -4.04M |
| Operating Cash Flow | -2.77M | -4.86M | 4.11M | 7.42M | 10.15M |
| Investing Cash Flow | -2.97M | -641.00K | -8.10M | -14.10M | -13.90M |
| Financing Cash Flow | -2.33M | -4.13M | -5.43M | -4.20M | 27.19M |
hGears AG Technical Analysis
Negative
1.60
Price Trends
1.19
Negative
1.35
Negative
1.54
Negative
Market Momentum
-0.06
Negative
41.29
Neutral
51.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:HGEA, the sentiment is Negative. The current price of 1.6 is above the 20-day moving average (MA) of 1.01, above the 50-day MA of 1.19, and above the 200-day MA of 1.54, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 41.29 is Neutral, neither overbought nor oversold. The STOCH value of 51.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:HGEA.
hGears AG Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | €125.16M | 3.81 | 10.71% | ― | -10.08% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | €82.50M | 11.40 | 4.87% | 5.91% | -4.01% | -10.36% | |
48 Neutral | €8.70M | -1.93 | -23.35% | ― | -11.97% | -76.11% | |
43 Neutral | €37.68M | -102.37 | -10.01% | ― | -40.37% | -406.54% | |
40 Underperform | €10.30M | -0.60 | -79.66% | ― | -10.38% | -19.93% | |
40 Underperform | €18.77M | -14.18 | -1.50% | 1.58% | 4.55% | 45.49% |
* Consumer Cyclical Sector Average
DE:HGEA
hGears AG
0.99
-0.96
-49.23%
DE:GMM
Grammer
8.40
1.95
30.23%
DE:IS7
InTiCa Systems
2.06
-0.10
-4.63%
DE:MSAG
MS Industrie
1.26
-0.46
-26.74%
DE:PWO
Progress Werk Oberkirch
26.40
0.80
3.12%
DE:SF3
STS Group AG
2.91
-0.17
-5.52%
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.