MAX Automation (MXHN) AI Stock Analysis

• Market Cap: €245.81M
• Dividend Yield: N/A
• Average Volume (3M): 5.68K
• Price to Earnings (P/E): 4.6
• Beta (1Y): 0.17
• Revenue Growth: -8.62%
• EPS Growth: 345.79%
• Country: DE
• Employees: 1,791
• Sector: Industrials
• Sector Strength: 89
• Industry: Industrial - Machinery
• EPS (TTM): -0.11
• Shares Outstanding: 41,243,180
• 10 Day Avg. Volume: 4,554
• 30 Day Avg. Volume: 5,681
• PEG Ratio: -0.38
• Price to Book (P/B): 1.29
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.36
• 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: €5.30
• Price Target Upside: -10.77% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 60 Neutral
• Price Target: €6.00 ▲(1.01%Upside)

The overall score of 66 reflects a mix of strong valuation and positive technical indicators, counterbalanced by financial performance concerns such as declining revenue and cash flow issues. The stock appears undervalued, offering potential growth opportunities if financial challenges are addressed.

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, China, and internationally. The bdtronic Group segment develops, produces, and sells machines and systems with integrated software solutions for high precision manufacturing processes for the automotive, electronics and medical technology industries. The Vecoplan Group segment develops, produces, and installs machines and plants for the shredding, conveying, and processing of raw materials for customers in wood and recycling, waste disposal, and paper and plastics industries. The MA micro Group segment focuses on the development, manufacture, and distribution of production, assembly and testing systems for medical and optical components such as lenses, lasers, and camera modules, as well as for medical products such as contact lenses, Tip&Cup, stents, or insulin pens. The AIM Micro segment develops, produces, and distributes technologies for the manufacture of optoelectronic modules and micro-optical components for customers in the medical technology and sensor industry as well as the aerospace industry. The iNDAT segment develops, manufactures, integrates, and maintains industrial robots, as well as robot controllers. The NSM + Juecker segment provides automation solutions and customised solutions. The Elwema segment develops and manufactures solution in testing, assembly, and cleaning technology for automotive industry, especially for the engine, transmission, and steering sectors. The company was formerly known as MAX Automation AG and changed its name to MAX Automation SE in February 2018. MAX Automation SE was incorporated in 1991 and is headquartered in Dusseldorf, Germany.

How the Company Makes Money

MAX Automation generates revenue primarily through the sale of automation systems and related services. The company's key revenue streams include the design, engineering, and implementation of bespoke automation solutions tailored to the specific needs of its clients in diverse industries. Additionally, MAX Automation offers maintenance, support, and consulting services, which provide ongoing income and strengthen client relationships. The company may also engage in strategic partnerships that expand its technological capabilities and market reach, thereby contributing to its overall earnings.

MAX Automation Financial Statement Overview

Summary

MAX Automation's financial performance shows mixed results. Strong net profit margin and ROE indicate good profitability, but declining revenue and negative cash flow trends are concerning. While leverage is moderate, decreasing assets and equity levels pose potential risks.

Income Statement

The company has shown a decline in revenue over recent years, with a revenue decrease of 7.9% from 2023 to 2024. Gross profit margin stands at 16.2%, which indicates a moderate level of profitability in managing production costs. However, the net profit margin improved to 16.5% due to a significant increase in net income, suggesting strong cost control and operational efficiency improvements.

Balance Sheet

The debt-to-equity ratio of 0.34 indicates a manageable level of leverage, but the equity ratio of 54.6% reflects a solid equity base. Return on equity is high at 30.5%, showing effective use of equity to generate profits. However, the decreasing trend in total assets and stockholders' equity over the years poses a potential risk.

Cash Flow

The company experienced a significant decline in free cash flow, going from a positive value to a negative free cash flow in 2024. The operating cash flow to net income ratio is 0.16, indicating that operating cash flows are not fully covering net income. This highlights potential cash management issues despite positive net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	344.88M	366.00M	397.37M	409.19M	349.08M	307.00M
Gross Profit	120.27M	59.20M	74.53M	213.95M	179.13M	162.34M
EBITDA	22.91M	30.82M	34.03M	33.41M	21.78M	-841.00K
Net Income	53.68M	60.54M	15.17M	14.69M	-891.00K	-26.33M
Balance Sheet
Total Assets	353.17M	363.76M	384.98M	373.37M	277.78M	281.77M
Cash, Cash Equivalents and Short-Term Investments	16.97M	8.99M	23.21M	35.70M	30.19M	47.74M
Total Debt	67.87M	67.17M	134.96M	131.46M	103.28M	133.03M
Total Liabilities	168.15M	165.33M	270.12M	279.32M	237.19M	241.87M
Stockholders Equity	185.02M	198.44M	114.86M	93.27M	39.78M	39.52M
Cash Flow
Free Cash Flow	29.31M	-531.00K	6.40M	-12.18M	20.85M	21.54M
Operating Cash Flow	30.27M	9.82M	17.19M	-2.87M	27.67M	32.03M
Investing Cash Flow	57.63M	54.06M	-9.05M	-8.42M	-3.31M	-5.25M
Financing Cash Flow	-96.32M	-89.89M	-17.29M	16.27M	-42.02M	-19.78M

MAX Automation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.94
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:MXHN, the sentiment is Positive. The current price of 5.94 is above the 20-day moving average (MA) of 5.74, above the 50-day MA of 5.51, and above the 200-day MA of 5.79, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 68.33 is Neutral, neither overbought nor oversold. The STOCH value of 88.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:MXHN.

MAX Automation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	67 Neutral	£2.80B	13.39	4.69%	218.68%	2.40%	-24.53%
MXHN	60 Neutral	€245.81M	4.58	1.95%	―	-8.62%	345.79%
0RO8		€179.03M	8.29	11.37%	1.76%	―	―
0Q4C		€185.36M	38.87	1.73%	0.58%	―	―
0G15		€224.08M	―	-21.69%	―	―	―
0ND2		€223.65M	―	-4.83%	―	―	―
0JMU		€169.24M	17.22	10.02%	1.86%	―	―