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MAX Automation
(XETRA:MXHN)
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Rating:54Neutral
Price Target:
€3.50
▼(-5.66% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by unstable profitability (2025 swing to operating and net losses) despite improved leverage and better recent cash generation. Technicals are mildly negative with the stock trading below major moving averages and a negative MACD, while valuation is also pressured by a negative P/E and no stated dividend yield.
Positive Factors
Improved Leverage
A materially lower debt-to-equity (~0.23 by 2025) reflects a stronger capital structure and greater financial flexibility. Durable lower leverage reduces solvency risk, lowers fixed financing costs, and gives management scope to fund investments, weather downturns, or pursue strategic initiatives over the coming months.
Negative Factors
Earnings Instability
The swing to operating and net losses in 2025 signals unstable earnings power. Persistent or recurring profitability shocks reduce retained earnings, weaken investor returns, constrain reinvestment, and raise execution risk for management over the medium term until results stabilize.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage
A materially lower debt-to-equity (~0.23 by 2025) reflects a stronger capital structure and greater financial flexibility. Durable lower leverage reduces solvency risk, lowers fixed financing costs, and gives management scope to fund investments, weather downturns, or pursue strategic initiatives over the coming months.
Read all positive factors
MAX Automation (MXHN) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€149.71M
Dividend YieldN/A
Average Volume (3M)2.57K
Price to Earnings (P/E)1840.0
Beta (1Y)0.20
Revenue Growth-8.60%
EPS Growth-107.57%
CountryDE
Employees1,405
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.11
Shares Outstanding41,243,180
10 Day Avg. Volume4,296
30 Day Avg. Volume2,574
Financial Highlights & Ratios
PEG Ratio0.34
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)-0.01
Revenue Forecast (FY)€333.03M
MAX Automation Business Overview & Revenue Model
Company Description
Established in Dusseldorf, Germany, in 1991, MAX Automation SE delivers comprehensive automation solutions to a diverse range of industries worldwide, spanning Germany, the European Union, North America, and China. The company serves sectors such ...
MAX Automation Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
63
Positive
Cash Flow
67
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 334.54M | 366.00M | 397.37M | 342.68M | 349.08M |
| Gross Profit | 38.56M | 59.20M | 202.39M | 213.95M | 179.13M |
| EBITDA | 10.04M | 30.82M | 34.03M | 33.41M | 21.00M |
| Net Income | -4.45M | 60.54M | 15.17M | 14.69M | -1.40M |
Balance Sheet | |||||
| Total Assets | 340.01M | 363.76M | 384.98M | 373.37M | 277.78M |
| Cash, Cash Equivalents and Short-Term Investments | 12.76M | 8.99M | 23.21M | 35.70M | 30.19M |
| Total Debt | 43.82M | 67.17M | 134.96M | 131.46M | 103.28M |
| Total Liabilities | 146.34M | 165.33M | 270.12M | 279.32M | 237.19M |
| Stockholders Equity | 193.67M | 198.44M | 114.86M | 93.27M | 39.78M |
Cash Flow | |||||
| Free Cash Flow | 25.85M | 8.69M | 6.40M | -12.18M | 20.85M |
| Operating Cash Flow | 33.41M | 19.05M | 17.19M | -2.87M | 27.67M |
| Investing Cash Flow | -4.86M | 54.06M | -9.05M | -8.42M | -3.31M |
| Financing Cash Flow | -26.22M | -89.89M | -17.29M | 16.27M | -42.02M |
MAX Automation Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €163.06M | 13.27 | 7.20% | 1.39% | -40.42% | -24.77% | |
71 Outperform | €3.63B | 12.41 | 13.67% | 2.48% | 3.44% | 1.73% | |
61 Neutral | €2.55B | -2,488.00 | -0.04% | 1.17% | 1.63% | -86.73% | |
58 Neutral | €1.23B | 5.72 | -2.06% | 4.40% | 1.58% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €149.71M | 1,840.00 | 0.02% | ― | -8.60% | -107.57% | |
51 Neutral | €384.60M | -14.25 | -34.65% | ― | -27.00% | -5153.47% |
* General Sector Average
DE:MXHN
MAX Automation
3.68
-2.10
-36.32%
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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.