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Muhlbauer Holding AG & Co. KGaA (DE:MUB)
XETRA:MUB

Muhlbauer Holding AG & Co. KGaA (MUB) AI Stock Analysis

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DE:MUB

Muhlbauer Holding AG & Co. KGaA

(XETRA:MUB)

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Neutral 54 (OpenAI - 5.2)
Rating:54Neutral
Price Target:
€39.00
▼(-6.25% Downside)
Action:N/ADate:01/04/26
The score is supported by a conservatively financed, debt-free balance sheet, but is held back by sharp 2024 margin compression and volatile free cash flow. Technicals remain weak (below 100/200-day averages with negative MACD), and valuation appears demanding with a high P/E despite a reasonable dividend yield.

Muhlbauer Holding AG & Co. KGaA (MUB) vs. iShares MSCI Germany ETF (EWG)

Muhlbauer Holding AG & Co. KGaA Business Overview & Revenue Model

Company Description
Mühlbauer Holding AG engages in the production and personalization of smart cards, passports, and RFID solutions worldwide. The company develops and assembles customized production systems, as well as provides matching software solutions for the p...
How the Company Makes Money
Muhlbauer makes money primarily by selling capital equipment and integrated production systems used by governments, security printers, card manufacturers, and industrial customers to manufacture and personalize secure ID media (e.g., smart cards, ...

Muhlbauer Holding AG & Co. KGaA Financial Statement Overview

Summary
Strong balance sheet strength (debt-free, sizable equity base) is offset by weaker and volatile profitability: 2024 revenue rebounded (+15.1% YoY) but net margin fell sharply (~2.2% vs ~10.4% in 2023) and cash flow conversion has been uneven (negative FCF in 2023).
Income Statement
56
Neutral
Balance Sheet
82
Very Positive
Cash Flow
48
Neutral
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue518.42M532.09M464.41M324.47M343.10M283.06M
Gross Profit282.50M290.36M324.59M249.03M264.29M210.79M
EBITDA45.06M48.06M96.25M25.24M92.47M56.97M
Net Income13.29M11.54M48.41M-3.02M58.93M34.66M
Balance Sheet
Total Assets574.28M588.68M621.01M542.43M452.23M380.35M
Cash, Cash Equivalents and Short-Term Investments83.71M70.20M48.45M78.22M107.30M105.67M
Total Debt0.000.000.000.000.000.00
Total Liabilities315.43M332.03M365.83M318.36M202.24M169.48M
Stockholders Equity258.85M256.65M255.18M224.06M249.99M210.88M
Cash Flow
Free Cash Flow0.0028.94M-17.54M5.37M13.10M44.84M
Operating Cash Flow0.0055.69M38.76M39.68M59.18M67.94M
Investing Cash Flow0.00-19.42M-53.45M-36.38M-45.63M-21.77M
Financing Cash Flow0.00-14.45M-14.39M-23.60M-22.12M-22.13M

Muhlbauer Holding AG & Co. KGaA Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
54
Neutral
€526.54M8.045.16%3.89%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DE:MUB
Muhlbauer Holding AG & Co. KGaA
36.80
-2.66
-6.74%
GB:0N9K
ELMOS Semiconductor
163.46
109.33
201.97%
GB:0G0X
First Sensor
56.40
-0.45
-0.80%
GB:0ND2
LPKF Laser & Electronics
7.42
-0.70
-8.62%
GB:0NIF
SMA Solar Technology
47.76
34.04
248.10%
GB:0Q3C
Suss Microtec
56.56
27.16
92.35%
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.Date of analysis: Jan 04, 2026