MAX Automation (MXHN) AI Stock Analysis

• Market Cap: €238.39M
• Dividend Yield: N/A
• Average Volume (3M): 2.57K
• Price to Earnings (P/E): 4.3
• Beta (1Y): 0.18
• Revenue Growth: -1.42%
• EPS Growth: -99.55%
• Country: DE
• Employees: 1,791
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): >-0.01
• Shares Outstanding: 41,243,180
• 10 Day Avg. Volume: 4,296
• 30 Day Avg. Volume: 2,574
• PEG Ratio: 0.01
• Price to Book (P/B): 1.28
• Price to Sales (P/S): 0.69
• P/FCF Ratio: 29.13
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: €4.50 ▲(11.11% Upside)

The overall stock score is primarily influenced by the company's stable financial position and profitability metrics. However, the high P/E ratio and negative technical indicators significantly weigh down the score, indicating potential overvaluation and bearish market sentiment.

Positive Factors

Business Model Strength

The diversified revenue model, including project-based contracts and recurring maintenance services, provides stability and resilience against market fluctuations, supporting long-term growth.

Competitive Advantage

Strategic partnerships expand MAX Automation's technological capabilities and market access, reinforcing its competitive position in the automation industry.

Profitability Metrics

A strong gross profit margin reflects efficient operations and cost management, which are crucial for sustaining profitability and competitive pricing.

Negative Factors

Declining Revenue Growth

Negative revenue growth indicates challenges in market demand or competitive pressures, potentially affecting future earnings and market share.

Free Cash Flow Concerns

Declining free cash flow growth can limit the company's ability to invest in new opportunities, pay down debt, or return capital to shareholders, impacting long-term financial health.

Operational Efficiency

Low EBIT and EBITDA margins suggest inefficiencies in operations, which could hinder profitability and require strategic adjustments to improve cost structures.

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 through several key streams, primarily from the sale of automation systems and robotics solutions, which are customized to meet specific client requirements. The company also earns money through software licensing, maintenance, and support services, providing ongoing revenue from existing installations. Additionally, strategic partnerships with technology providers and industry leaders enhance their offerings and expand market reach, contributing to revenue generation. The company benefits from project-based contracts, which can provide significant income from large-scale implementations in various sectors.

MAX Automation Financial Statement Overview

Summary

MAX Automation demonstrates a stable financial position with strong profitability metrics. However, declining revenue and free cash flow growth pose challenges. The company maintains moderate leverage and effective equity utilization, but operational efficiencies could be improved to enhance margins and cash flow.

Income Statement

The income statement shows a mixed performance. The company has a strong gross profit margin of 34.5% in the TTM, indicating efficient production. However, the revenue growth rate is negative, suggesting declining sales. The net profit margin remains stable at 16.5%, which is a positive sign of profitability. EBIT and EBITDA margins are relatively low, indicating room for operational efficiency improvements.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.35, showing moderate leverage. The return on equity is strong at 29.3%, indicating effective use of equity to generate profits. The equity ratio is not directly provided, but the overall asset management appears solid.

Cash Flow

Cash flow analysis shows a decline in free cash flow growth, which is a concern. However, the free cash flow to net income ratio is healthy at 1.05, indicating good cash generation relative to net income. The operating cash flow to net income ratio is lower, suggesting potential challenges in converting income into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	332.23M	366.00M	397.37M	342.68M	349.08M	307.00M
Gross Profit	114.61M	59.20M	202.39M	213.95M	179.13M	162.34M
EBITDA	20.83M	30.82M	34.03M	33.41M	21.00M	-841.00K
Net Income	54.88M	60.54M	15.17M	14.69M	-1.40M	-26.33M
Balance Sheet
Total Assets	349.24M	363.76M	384.98M	373.37M	277.78M	281.77M
Cash, Cash Equivalents and Short-Term Investments	10.20M	8.99M	23.21M	35.70M	30.19M	47.74M
Total Debt	66.33M	67.17M	134.96M	131.46M	103.28M	133.03M
Total Liabilities	159.46M	165.33M	270.12M	279.32M	237.19M	241.87M
Stockholders Equity	189.77M	198.44M	114.86M	93.27M	39.78M	39.52M
Cash Flow
Free Cash Flow	23.70M	8.69M	6.40M	-12.18M	20.85M	21.54M
Operating Cash Flow	22.60M	19.05M	17.19M	-2.87M	27.67M	32.03M
Investing Cash Flow	59.37M	54.06M	-9.05M	-8.42M	-3.31M	-5.25M
Financing Cash Flow	-95.28M	-89.89M	-17.29M	16.27M	-42.02M	-19.78M

MAX Automation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: 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 4.05 is below the 20-day moving average (MA) of 4.67, below the 50-day MA of 5.34, and below the 200-day MA of 5.65, indicating a bearish trend. The MACD of -0.40 indicates Positive momentum. The RSI at 26.67 is Positive, neither overbought nor oversold. The STOCH value of 13.40 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AAG	67 Neutral	€175.87M	9.19	8.44%	1.77%	-26.69%	-1.95%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GSC1	61 Neutral	€167.47M	23.38	2.79%	0.67%	-3.37%	15.71%
TTR1	61 Neutral	€230.72M	22.76	10.85%	1.55%	―	―
SKB	51 Neutral	€168.55M	―	-4.67%	―	4.81%	75.36%
MXHN	48 Neutral	€238.39M	4.34	0.40%	―	-1.42%	-99.55%
LPK	44 Neutral	€150.41M	-149.03	-1.16%	―	-1.24%	41.31%