MAX Automation (MXHN) AI Stock Analysis

• Market Cap: €237.56M
• Dividend Yield: N/A
• Average Volume (3M): 3.19K
• Price to Earnings (P/E): 4.3
• Beta (1Y): 0.17
• Revenue Growth: -9.78%
• EPS Growth: N/A
• Country: DE
• Employees: 1,791
• Sector: Industrials
• Sector Strength: 76
• Industry: Industrial - Machinery
• EPS (TTM): 0.04
• Shares Outstanding: 41,243,180
• 10 Day Avg. Volume: 3,329
• 30 Day Avg. Volume: 3,186
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: -7.02% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: €6.50 ▲(14.04% Upside)

The overall stock score of 68 reflects strong financial performance and attractive valuation, offset by mixed technical indicators. The company's effective cost management and solid profitability metrics are significant strengths. However, the lack of strong market momentum and potential liquidity concerns from financing cash outflows are risks to consider.

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 multiple streams, primarily by selling automation systems, robotics, and related services. The company's revenue model includes project-based contracts, where they design and implement customized automation solutions for clients. Additionally, MAX Automation earns recurring revenue from maintenance, support, and upgrades of their installed systems. Key partnerships with technology providers and manufacturers enhance their offerings and market reach, while their focus on research and development ensures they stay at the forefront of automation technology, contributing to sustained earnings growth.

MAX Automation Financial Statement Overview

Summary

MAX Automation's financials suggest effective cost management and a strong equity position. Despite a decline in revenue, profitability metrics remain solid with a high net profit margin. Cash flow improvements indicate better liquidity management, although large financing cash outflows could impact future liquidity.

Income Statement

The income statement shows a mixed performance. The TTM (Trailing-Twelve-Months) gross profit margin stands at 34.87%, which is relatively strong. However, the net profit margin is significantly high at 15.56%, indicating efficient cost management. Revenue has shown fluctuations but overall appears to be declining, with a noticeable drop from 397.37 million in 2023 to 344.88 million TTM. EBIT and EBITDA margins are moderate at 2.74% and 6.64% TTM respectively, reflecting decent operational efficiency.

Balance Sheet

The balance sheet indicates a stable equity position with an equity ratio of 52.40% TTM. The debt-to-equity ratio is 0.37 TTM, showing a conservative leverage approach. Return on equity is robust at 29.00% TTM, suggesting effective use of equity to generate profits. However, total assets and stockholders' equity have decreased over the periods, which could pose a risk if the trend continues.

Cash Flow

Cash flow analysis reveals strong operating cash flow with a significant improvement in free cash flow from negative values in previous years to 29.31 million TTM. The free cash flow to net income ratio is favorable, indicating efficient cash generation relative to income. However, cash flow from financing activities shows large outflows, which might impact future liquidity if not managed carefully.

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	86.07M	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	19.05M	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: Negative
• Last Price: 5.70
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 5.7 is below the 20-day moving average (MA) of 5.81, below the 50-day MA of 5.82, and below the 200-day MA of 5.82, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 41.56 is Neutral, neither overbought nor oversold. The STOCH value of 40.42 is Neutral, 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
MXHN	68 Neutral	€237.56M	4.27	2.17%	―	-9.78%	―
Sector *	58 Neutral	HK$14.01B	4.01	-3.70%	5.60%	2.26%	-61.32%
0RO8	―	€167.27M	8.62	9.98%	―	―	―
0Q4C	―	€189.69M	26.34	2.65%	0.57%	―	―
0G15	―	€247.21M	―	-15.05%	―	―	―
0ND2	―	€196.22M	―	-0.56%	―	―	―
0JMU	―	€178.22M	17.55	10.52%	2.08%	―	―