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HMS Bergbau AG
(XETRA:HMU)
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Rating:54Neutral
Price Target:
€43.00
▼(-10.04% Downside)
Action:Reiterated
Date:07/02/26
The score is held back primarily by financial quality risks—especially negative 2025 operating/free cash flow alongside higher leverage—despite a standout net income year. Technicals are broadly neutral with only mild stabilization signals, and valuation support is limited to a moderate dividend yield because the provided P/E is not usable.
Positive Factors
Net income surge
The pronounced net-income increase in 2025, built on prior multi-year revenue expansion, bolsters the company's earnings capacity and internal funding potential. Sustained higher profits can support reinvestment, dividends and leverage management, improving strategic flexibility over months.
Negative Factors
Negative cash generation
The sharp reversal to negative operating and free cash flow in 2025 materially weakens financial resilience. Persistent poor cash conversion forces dependence on external financing, constrains capex and dividends, and raises the risk that profits may not translate into durable liquidity.
Read all positive and negative factors
Positive Factors
Negative Factors
Net income surge
The pronounced net-income increase in 2025, built on prior multi-year revenue expansion, bolsters the company's earnings capacity and internal funding potential. Sustained higher profits can support reinvestment, dividends and leverage management, improving strategic flexibility over months.
Read all positive factors
HMS Bergbau AG (HMU) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€191.71M
Dividend Yield2.51%
Average Volume (3M)147.00
Price to Earnings (P/E)3.5
Beta (1Y)0.25
Revenue Growth-10.54%
EPS Growth311.83%
CountryDE
Employees39
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)12.13
Shares Outstanding4,590,588
10 Day Avg. Volume67
30 Day Avg. Volume147
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)2.51
Price to Sales (P/S)0.17
P/FCF Ratio-4.28
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)8.43
Revenue Forecast (FY)€2.02B
HMS Bergbau AG Business Overview & Revenue Model
Company Description
HMS Bergbau AG, together with its subsidiaries, engages in trading and distributing coal and other energy raw materials to energy producers, cement manufacturers, and industrial consumers worldwide. The company provides energy resources, including...
How the Company Makes Money
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HMS Bergbau AG Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
57
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.22B | 1.36B | 1.30B | 971.91M | 427.74M |
| Gross Profit | 36.01M | 38.58M | 35.30M | 20.75M | 11.02M |
| EBITDA | 63.31M | 21.19M | 16.38M | 15.60M | 5.39M |
| Net Income | 54.79M | 13.31M | 12.37M | 10.52M | 3.25M |
Balance Sheet | |||||
| Total Assets | 357.78M | 220.05M | 281.60M | 130.47M | 98.83M |
| Cash, Cash Equivalents and Short-Term Investments | 37.26M | 39.64M | 35.99M | 31.05M | 25.98M |
| Total Debt | 92.72M | 26.39M | 16.54M | 16.27M | 11.58M |
| Total Liabilities | 225.14M | 169.00M | 240.88M | 98.32M | 77.71M |
| Stockholders Equity | 85.04M | 48.51M | 38.11M | 29.61M | 18.45M |
Cash Flow | |||||
| Free Cash Flow | -49.81M | 7.89M | 9.36M | -1.80M | 14.45M |
| Operating Cash Flow | -32.48M | 8.54M | 9.98M | -1.14M | 15.09M |
| Investing Cash Flow | -14.46M | -405.00K | -1.32M | 2.25M | -882.00K |
| Financing Cash Flow | 49.01M | -4.48M | -3.96M | -445.00K | 7.77M |
HMS Bergbau AG Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €370.14M | 3.09 | 51.02% | 4.20% | -24.82% | 157.60% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | €144.25M | 17.99 | 31.25% | 0.78% | -26.24% | 211.58% | |
54 Neutral | €191.71M | 3.45 | 27.04% | 2.25% | -10.54% | 311.83% |
* Energy Sector Average
DE:HMU
HMS Bergbau AG
42.30
-31.82
-42.93%
DE:DR0
Deutsche Rohstoff AG
78.30
38.72
97.82%
DE:4DS
Daldrup & Soehne AG
24.00
10.25
74.55%
DE:REL
Ichor Coal NV
0.01
>-0.01
-45.00%
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.