IBU-tec advanced materials AG (IBU) AI Stock Analysis

• Market Cap: €90.73M
• Dividend Yield: N/A
• Average Volume (3M): 20.76K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.99
• Revenue Growth: -6.21%
• EPS Growth: 53.84%
• Country: DE
• Employees: 229
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals
• EPS (TTM): -0.13
• Shares Outstanding: 4,750,000
• 10 Day Avg. Volume: 55,202
• 30 Day Avg. Volume: 20,759
• PEG Ratio: -0.07
• Price to Book (P/B): 0.66
• Price to Sales (P/S): 0.63
• P/FCF Ratio: -37.15
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: €23.00 ▲(6.98% Upside)

The overall stock score reflects significant financial challenges, with declining revenues and profitability being the most impactful factors. Despite positive technical indicators suggesting bullish momentum, the negative valuation metrics, including a negative P/E ratio, weigh heavily on the stock's attractiveness.

Positive Factors

Specialized thermal-processing capabilities

IBU-tec’s core thermal processing and scale-up expertise is a durable competitive asset: industrial furnace technology and process know-how enable bespoke inorganic materials production and technical lock-in with customers, supporting long-term service demand and higher switching costs.

Contract manufacturing and development revenue mix

A dual revenue model of product sales plus paid development/contract manufacturing supports recurring and fee-based income streams. Converting development projects into production contracts and higher furnace utilization creates durable revenue visibility and scale benefits over the coming months.

Improved leverage management

An improving debt-to-equity ratio signals more conservative leverage and better creditor confidence, enhancing financial flexibility. This structural improvement reduces refinancing risk and supports capex or working-capital needs over a 2–6 month horizon without immediate solvency pressure.

Negative Factors

Steep revenue decline

A >50% revenue contraction is a structural red flag: it undermines scale economics, reduces fixed-cost absorption, and weakens bargaining power with suppliers and customers. Persistent top-line shrinkage strains margins and limits the firm’s ability to stabilize operations within months.

Sustained losses and margin compression

Reporting negative net income and compressed gross margins reflects structural profitability issues, likely from cost pressures or lower-priced volumes. Ongoing losses deplete equity, constrain reinvestment, and increase reliance on external funding, impairing medium-term strategic options.

Negative free cash flow due to high capex

Persistent negative free cash flow driven by heavy capex creates a recurring funding requirement. Over several months this can force dilution, higher leverage, or curtailed investment in commercial initiatives, weakening growth execution and operational resilience if not addressed.

IBU-tec advanced materials AG Business Overview & Revenue Model

Company Description

IBU-tec advanced materials AG engages in the testing, development, and production of materials for chemical industry worldwide. It offers materials development and analytics; trails and scale-up; tolling; and consulting, engineering, and process optimization services. The company also provides contract manufacturing services. IBU-tec advanced materials AG was founded in 1885 and is headquartered in Weimar, Germany.

How the Company Makes Money

IBU-tec generates revenue through multiple streams, primarily by manufacturing and selling advanced materials and components for key industries such as energy storage and automotive. The company offers customized products tailored to specific customer needs, allowing for premium pricing. Additionally, IBU-tec engages in partnerships and collaborations with major industry players, which not only enhances its product offerings but also expands its market reach. The company also benefits from research and development projects, often funded by grants or partnerships, contributing to its overall earnings. Furthermore, IBU-tec's investment in innovation and sustainability positions it favorably in the growing market for eco-friendly technologies, driving further financial growth.

IBU-tec advanced materials AG Financial Statement Overview

Summary

IBU-tec advanced materials AG is experiencing financial stress with declining revenues and profitability. The income statement shows negative net income and a significant drop in revenue, while the balance sheet indicates moderate stability with improved debt management but decreased equity ratio. Cash flow management is mixed, with improved operating cash flow but negative free cash flow due to high capital expenditures.

Income Statement

The income statement reflects a challenging period for IBU-tec advanced materials AG, with negative net income and declining revenues over recent years. The company reported a significant drop in total revenue from €48.2 million in 2023 to €20.5 million in 2024, leading to a negative net profit margin. Despite previous profitability (2020 and 2022), recent losses have impacted overall performance. The gross profit margin also declined sharply, indicating increased cost pressures or reduced sales efficiency.

Balance Sheet

IBU-tec’s balance sheet shows moderate stability with a debt-to-equity ratio that has improved over the years, suggesting cautious leverage management. However, the company’s equity ratio has decreased, indicating a higher reliance on liabilities. The decline in total assets and stockholders' equity over recent years reflects financial strain, though the company maintains a reasonable equity base relative to its industry.

Cash Flow

The cash flow statement highlights a mixed cash management scenario. Although operating cash flow improved in 2024 compared to previous years, free cash flow remains negative due to significant capital expenditures. The operating cash flow to net income ratio suggests operational challenges despite better cash generation from core activities in 2024. The volatility in free cash flow highlights the need for improved cash management strategies.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	44.80M	50.61M	48.23M	53.94M	44.09M	32.96M
Gross Profit	4.32M	4.12M	23.77M	8.62M	5.78M	-847.94K
EBITDA	-106.50K	-1.93M	2.96M	6.66M	5.52M	6.95M
Net Income	-2.26M	-4.79M	-2.49M	1.28M	-234.63K	1.00M
Balance Sheet
Total Assets	69.07M	69.02M	75.85M	76.36M	77.13M	53.04M
Cash, Cash Equivalents and Short-Term Investments	1.06M	289.88K	379.75K	3.13M	17.93M	2.50M
Total Debt	8.39M	6.79M	8.48M	6.37M	8.13M	13.84M
Total Liabilities	18.28M	17.62M	19.14M	16.97M	19.03M	20.21M
Stockholders Equity	50.78M	47.77M	56.71M	59.39M	58.10M	32.84M
Cash Flow
Free Cash Flow	-320.00K	-854.00K	-4.92M	-13.52M	-6.12M	4.40M
Operating Cash Flow	1.76M	3.15M	2.41M	-3.49M	-1.58M	4.47M
Investing Cash Flow	-5.05M	-6.97M	-6.26M	515.00K	-15.04M	-2.25M
Financing Cash Flow	-2.11M	-1.82M	1.10M	-1.32M	21.54M	-414.00K

IBU-tec advanced materials AG Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 21.50
• 50DMA: Negative
• 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:IBU, the sentiment is Neutral. The current price of 21.5 is above the 20-day moving average (MA) of 20.90, above the 50-day MA of 20.14, and above the 200-day MA of 13.02, indicating a neutral trend. The MACD of -0.23 indicates Positive momentum. The RSI at 41.25 is Neutral, neither overbought nor oversold. The STOCH value of 9.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:IBU.

IBU-tec advanced materials AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
DLX	61 Neutral	€25.61M	29.66	2.33%	2.17%	-16.67%	-55.84%
IBU	54 Neutral	€90.73M	-32.69	-5.32%	―	-6.21%	53.84%
SGL	53 Neutral	€501.89M	-3.05	-29.56%	―	-14.48%	-340.02%
2HRA	50 Neutral	€158.19M	40.21	0.94%	2.27%	-3.07%	-28.82%