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Muhlbauer Holding AG & Co. KGaA
(XETRA:MUB)
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Rating:74Outperform
Price Target:
€45.00
▲(8.17% Upside)
Action:Upgraded
Date:06/08/26
The score is driven primarily by the company’s strong, debt-free balance sheet, offset by volatile profitability and inconsistent cash-flow conversion. Technicals are moderately positive with the stock trading above key moving averages, and valuation is supported by a reasonable P/E and a solid dividend yield.
Positive Factors
Debt-free balance sheet
Zero reported debt gives durable financial flexibility: the company can fund capex, support long project cycles, pursue selective M&A or weather cyclical demand without refinancing risk. That structural safety buffer strengthens solvency and strategic optionality over 2–6 months.
Negative Factors
Volatile profitability
Earnings swing materially across years, indicating sensitivity to demand, project mix and timing. That volatility undermines predictability for cash returns, capital allocation and dividend planning, making forward earnings and margin durability less reliable over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt gives durable financial flexibility: the company can fund capex, support long project cycles, pursue selective M&A or weather cyclical demand without refinancing risk. That structural safety buffer strengthens solvency and strategic optionality over 2–6 months.
Read all positive factors
Muhlbauer Holding AG & Co. KGaA (MUB) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€546.57M
Dividend Yield3.89%
Average Volume (3M)222.00
Price to Earnings (P/E)14.9
Beta (1Y)0.26
Revenue Growth-7.25%
EPS Growth113.93%
CountryDE
Employees4,198
SectorTechnology
Sector Strength88
IndustryComputer Hardware
Share Statistics
EPS (TTM)2.65
Shares Outstanding14,696,075
10 Day Avg. Volume380
30 Day Avg. Volume222
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)2.16
Price to Sales (P/S)1.14
P/FCF Ratio24.43
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)N/A
Revenue Forecast (FY)N/A
Muhlbauer Holding AG & Co. KGaA Business Overview & Revenue Model
Company Description
Mühlbauer Holding AG, founded in 1981 and headquartered in Roding, Germany, is a global enterprise specializing in the manufacturing and personalization of smart cards, passports, and RFID solutions. The company's offerings span the complete produ...
How the Company Makes Money
Muhlbauer primarily generates revenue by selling capital equipment and integrated production lines used to manufacture and personalize secure ID and RFID/NFC products. A major portion of earnings is typically tied to project-based deliveries where...
Muhlbauer Holding AG & Co. KGaA Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
86
Very Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 484.58M | 532.09M | 464.41M | 324.47M | 343.10M |
| Gross Profit | 123.51M | 290.36M | 324.59M | 249.03M | 264.29M |
| EBITDA | 103.38M | 48.06M | 96.25M | 25.24M | 92.47M |
| Net Income | 24.69M | 11.54M | 48.41M | -3.02M | 58.93M |
Balance Sheet | |||||
| Total Assets | 546.28M | 588.68M | 621.01M | 542.43M | 452.23M |
| Cash, Cash Equivalents and Short-Term Investments | 71.47M | 70.20M | 48.45M | 78.22M | 107.30M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 290.26M | 332.03M | 365.83M | 318.36M | 202.24M |
| Stockholders Equity | 256.02M | 256.65M | 255.18M | 224.06M | 249.99M |
Cash Flow | |||||
| Free Cash Flow | 22.66M | 28.94M | -17.54M | 5.37M | 13.10M |
| Operating Cash Flow | 42.89M | 55.69M | 38.76M | 39.68M | 59.18M |
| Investing Cash Flow | -19.77M | -19.42M | -53.45M | -36.38M | -45.63M |
| Financing Cash Flow | -21.29M | -14.45M | -14.39M | -23.60M | -22.12M |
Muhlbauer Holding AG & Co. KGaA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €156.20M | 14.32 | 23.52% | 0.63% | 3.67% | 18.47% | |
74 Outperform | €546.57M | 14.87 | 9.59% | 3.89% | -7.25% | 113.93% | |
72 Outperform | €1.49B | 10.60 | 18.90% | 2.64% | -7.50% | 42.45% | |
62 Neutral | €996.96M | 20.30 | 28.91% | 1.29% | 2.04% | 14.78% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
DE:MUB
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39.40
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-9.86%
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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.