MAX Automation AG (DE:MXHN)
XETRA:MXHN
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MAX Automation
(XETRA:MXHN)
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Rating:55Neutral
Price Target:
€4.00
▼(-4.53% Downside)
Action:Reiterated
Date:03/27/26
The score is primarily driven by improved balance sheet leverage and stronger recent cash generation, offset by a sharp deterioration in profitability in 2025 (operating and net losses). Technically, the setup is mixed with a partial uptrend versus key moving averages but still below the 200-day average and with negative MACD. Valuation is a drag due to the negative P/E and lack of dividend yield data.
Positive Factors
Low leverage / stronger capital structure
A materially lower debt-to-equity (~0.23) and a stronger capital structure increase financial flexibility and reduce refinancing risk. This durable improvement supports investment in R&D and capex, cushions cyclical downturns, and lowers fixed financial costs that can otherwise erode margins over time.
Negative Factors
Profitability deterioration in 2025
A swing to operating and net losses in 2025 undermines margin sustainability and raises questions about underlying cost structure or project execution. Persistent or recurring losses would impair retained earnings, restrict reinvestment capacity, and erode investor confidence in long-term return generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / stronger capital structure
A materially lower debt-to-equity (~0.23) and a stronger capital structure increase financial flexibility and reduce refinancing risk. This durable improvement supports investment in R&D and capex, cushions cyclical downturns, and lowers fixed financial costs that can otherwise erode margins over time.
Read all positive factors
MAX Automation (MXHN) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€160.44M
Dividend YieldN/A
Average Volume (3M)2.57K
Price to Earnings (P/E)―
Beta (1Y)0.24
Revenue Growth-8.60%
EPS Growth-107.57%
CountryDE
Employees1,791
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)1.33
Shares Outstanding41,243,180
10 Day Avg. Volume4,296
30 Day Avg. Volume2,574
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)0.86
Price to Sales (P/S)0.50
P/FCF Ratio6.43
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)-0.05
Revenue Forecast (FY)€342.65M
MAX Automation Business Overview & Revenue Model
Company Description
MAX Automation SE, together with its subsidiaries, provides automation solutions for the automotive, electrical, recycling, raw materials recycling, packaging, and medical technology industries in Germany, rest of the European Union, North America...
How the Company Makes Money
MAX Automation makes money by providing automation systems and services tailored to the needs of its industrial clients. Revenue primarily comes from the sale of customized machinery, automated production lines, and related components. The company...
MAX Automation Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
63
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 332.23M | 334.54M | 366.00M | 397.37M | 342.68M | 349.08M |
| Gross Profit | 114.61M | 38.56M | 59.20M | 202.39M | 213.95M | 179.13M |
| EBITDA | 20.83M | 10.04M | 30.82M | 34.03M | 33.41M | 21.00M |
| Net Income | 54.88M | -4.45M | 60.54M | 15.17M | 14.69M | -1.40M |
Balance Sheet | ||||||
| Total Assets | 349.24M | 340.01M | 363.76M | 384.98M | 373.37M | 277.78M |
| Cash, Cash Equivalents and Short-Term Investments | 10.20M | 12.76M | 8.99M | 23.21M | 35.70M | 30.19M |
| Total Debt | 66.33M | 43.82M | 67.17M | 134.96M | 131.46M | 103.28M |
| Total Liabilities | 159.46M | 146.34M | 165.33M | 270.12M | 279.32M | 237.19M |
| Stockholders Equity | 189.77M | 193.67M | 198.44M | 114.86M | 93.27M | 39.78M |
Cash Flow | ||||||
| Free Cash Flow | 23.70M | 25.85M | 8.69M | 6.40M | -12.18M | 20.85M |
| Operating Cash Flow | 22.60M | 33.41M | 19.05M | 17.19M | -2.87M | 27.67M |
| Investing Cash Flow | 59.37M | -4.86M | 54.06M | -9.05M | -8.42M | -3.31M |
| Financing Cash Flow | -95.28M | -26.22M | -89.89M | -17.29M | 16.27M | -42.02M |
MAX Automation Technical Analysis
Negative
4.19
Price Trends
3.98
Positive
4.10
Negative
4.92
Negative
Market Momentum
0.07
Positive
46.71
Neutral
13.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:MXHN, the sentiment is Negative. The current price of 4.19 is below the 20-day moving average (MA) of 4.19, above the 50-day MA of 3.98, and below the 200-day MA of 4.92, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 46.71 is Neutral, neither overbought nor oversold. The STOCH value of 13.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:MXHN.
MAX Automation Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | €3.87B | 13.27 | 14.39% | 1.95% | 3.23% | 1.66% | |
68 Neutral | €149.28M | 10.53 | 8.29% | 1.82% | -34.69% | -17.06% | |
56 Neutral | €1.51B | 16.04 | -3.19% | 3.12% | -2.35% | 89.53% | |
56 Neutral | €2.57B | -25.51 | 10.18% | 2.29% | 2.04% | -64.15% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €160.44M | -30.71 | -2.41% | ― | -8.60% | -107.57% | |
55 Neutral | €565.87M | -5.24 | -21.53% | ― | -12.83% | -372.97% |
* General Sector Average
DE:MXHN
MAX Automation
3.91
-1.47
-27.32%
DE:AAG
Aumann AG
12.80
0.36
2.92%
DE:DUE
Durr AG
21.55
-0.80
-3.57%
DE:JUN3
Jungheinrich
24.94
-9.80
-28.22%
DE:KRN
Krones AG
119.60
-22.55
-15.86%
DE:LPK
LPKF Laser & Electronics
24.80
16.28
191.08%
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.