LPKF Laser & Electronics Ag (DE:LPK)
XETRA:LPK
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LPKF Laser & Electronics
(XETRA:LPK)
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Rating:55Neutral
Price Target:
€21.00
▲(283.21% Upside)
Action:Reiterated
Date:05/13/26
The score is held back primarily by weak profitability and a still-uncertain near-term demand outlook (loss-making results, weak orders/backlog and cautious FY2026 EBIT guidance). These are partially offset by a resilient, low-leverage balance sheet, currently positive cash generation, and strong recent price trend—though momentum indicators suggest the stock may be overheated.
Positive Factors
Low financial leverage
Consistently modest debt (around 4%–14%, ~7% TTM) gives LPKF durable financial flexibility to absorb cyclical revenue weakness, fund R&D and capital equipment replacements, and support transformation programs without immediate refinancing pressure.
Negative Factors
Loss-making with falling revenue
Sustained negative operating results and a ~-12% net margin materially erode equity and restrict internal investment capacity. Persistent losses lengthen the path to targeted margins and force reliance on cost cuts or external funding to reinvest in products and service capabilities.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
Consistently modest debt (around 4%–14%, ~7% TTM) gives LPKF durable financial flexibility to absorb cyclical revenue weakness, fund R&D and capital equipment replacements, and support transformation programs without immediate refinancing pressure.
Read all positive factors
LPKF Laser & Electronics (LPK) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€526.68M
Dividend YieldN/A
Average Volume (3M)39.58K
Price to Earnings (P/E)―
Beta (1Y)1.01
Revenue Growth-12.83%
EPS Growth-372.97%
CountryDE
Employees773
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.71
Shares Outstanding24,496,546
10 Day Avg. Volume32,564
30 Day Avg. Volume39,579
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.75
Price to Sales (P/S)1.19
P/FCF Ratio9.43
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)-0.08
Revenue Forecast (FY)€114.55M
LPKF Laser & Electronics Business Overview & Revenue Model
Company Description
LPKF Laser & Electronics AG, together with its subsidiaries, designs and manufactures laser-based solutions for the technology industry in Germany, rest of Europe, the United States, rest of North America, China, Malaysia, Vietnam, rest of Asia, a...
How the Company Makes Money
LPKF makes money primarily by selling capital equipment (laser and electronics manufacturing systems) to industrial and R&D customers, typically recognized as revenue upon delivery/acceptance depending on contract terms. A meaningful portion of re...
LPKF Laser & Electronics Earnings Call Summary
Earnings Call Date:Mar 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Neutral
The call presents a mixed picture: strong internal execution on cash, working capital and cost reduction (free cash flow +400%, working capital -34%, adjusted EBIT improvement) and clear positioning gains in advanced packaging and selected end markets (Welding, Rapid Prototyping). However, these positives are counterbalanced by material demand headwinds — notably in Solar (~1/3 of prior business lost), weak order intake (EUR 91.6m), a 47% fall in backlog, book-to-bill below 1, and geopolitical/tariff-driven delays. Management has secured financing, is executing restructuring, and expects ramp-ups in advanced packaging in coming years, but near-term revenue and profitability remain under pressure with conservative guidance for 2026.Positive Updates
Strong cash generation and working capital improvements
Free cash flow improved ~400% year-over-year driven by tighter receivables collection and overdue recovery; working capital improved by 34% YoY. DSO improved by ~40% and DIO reduced by ~10%, reflecting materially better asset management.
Negative Updates
Revenue decline and guidance at lower range
Full-year revenue of EUR 115.3 million, down 6.2% year-over-year and at the lower end of adjusted guidance; FY2026 guidance set conservatively at EUR 105–120 million.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong cash generation and working capital improvements
Free cash flow improved ~400% year-over-year driven by tighter receivables collection and overdue recovery; working capital improved by 34% YoY. DSO improved by ~40% and DIO reduced by ~10%, reflecting materially better asset management.
Read all positive updates
Company Guidance
Management guided FY2026 revenue of EUR 105–120 million with adjusted EBIT of –EUR 3.0 to +4.5 million and reiterated a target of a double‑digit EBIT margin by 2028 under the North Star program; FY2025 closed at EUR 115.3 million revenue (‑6.2% YoY) with adjusted EBIT improving to EUR 0.8 million (from EUR 0.1 million), order intake of EUR 91.6 million, and an order backlog down ~47% (book‑to‑bill <1). They reported a ~EUR 11 million restructuring hit in 2025, free cash flow up ~400%, working capital improvement of 34%, DSO reduction ~40%, DIO down ~10%, a 6% reduction in headcount, packaging sales in the low eight figures, Welding growth +30% YoY, Solar down roughly one‑third, >80% of advanced‑packaging customers qualifying LPKF equipment, Europe now <25% of sales, and a syndicated loan facility extended to 2028; management also flagged ARRALYZE costs largely taken out by Q1 and set a personal LIDE market‑share ambition of ~70%.LPKF Laser & Electronics Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
70
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 107.08M | 115.33M | 122.89M | 124.34M | 123.70M | 93.57M |
| Gross Profit | 20.19M | 12.80M | 21.98M | 85.93M | 84.55M | 68.39M |
| EBITDA | -2.48M | 4.22M | 5.83M | 12.82M | 15.14M | 7.86M |
| Net Income | -17.45M | -14.35M | -4.51M | 1.75M | 1.39M | -114.00K |
Balance Sheet | ||||||
| Total Assets | 104.81M | 111.15M | 131.59M | 148.47M | 138.38M | 132.24M |
| Cash, Cash Equivalents and Short-Term Investments | 5.75M | 10.04M | 5.05M | 10.68M | 12.79M | 15.17M |
| Total Debt | 8.83M | 5.31M | 8.03M | 13.61M | 3.45M | 5.20M |
| Total Liabilities | 33.77M | 33.05M | 39.83M | 53.36M | 44.48M | 40.04M |
| Stockholders Equity | 71.05M | 78.10M | 91.76M | 95.12M | 93.92M | 92.20M |
Cash Flow | ||||||
| Free Cash Flow | 9.81M | 14.53M | 6.64M | -11.07M | 206.00K | -764.00K |
| Operating Cash Flow | 12.03M | 15.31M | 9.43M | -3.37M | 8.50M | 7.92M |
| Investing Cash Flow | -6.17M | -6.61M | -7.48M | -7.74M | -8.24M | -8.62M |
| Financing Cash Flow | -1.96M | -914.00K | -12.98M | 8.71M | -3.09M | -5.24M |
LPKF Laser & Electronics Technical Analysis
Positive
5.48
Price Trends
13.34
Positive
10.19
Positive
8.47
Positive
Market Momentum
2.47
Positive
56.99
Neutral
18.20
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:LPK, the sentiment is Positive. The current price of 5.48 is below the 20-day moving average (MA) of 21.13, below the 50-day MA of 13.34, and below the 200-day MA of 8.47, indicating a bullish trend. The MACD of 2.47 indicates Positive momentum. The RSI at 56.99 is Neutral, neither overbought nor oversold. The STOCH value of 18.20 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:LPK.
LPKF Laser & Electronics Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €156.74M | 20.18 | 8.29% | 1.82% | -41.38% | -28.83% | |
59 Neutral | €892.62M | -73.52 | 1.42% | ― | -10.17% | -91.85% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €526.68M | -5.24 | -21.53% | ― | -12.83% | -372.97% | |
55 Neutral | €159.61M | -30.71 | -2.41% | ― | -8.60% | -107.57% | |
51 Neutral | €40.84M | -0.84 | 10.78% | ― | -36.41% | -162.95% |
* General Sector Average
DE:LPK
LPKF Laser & Electronics
24.80
16.72
206.93%
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13.50
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3.87
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DE:TPE
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42.62
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DE:SNG
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4.55
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111.63%
DE:DAR
Datron AG
9.75
1.63
20.07%
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.