MAX Automation AG (DE:MXHN)
XETRA:MXHN
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MAX Automation
(XETRA:MXHN)
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Rating:54Neutral
Price Target:
€4.00
▼(-4.53% Downside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by improved balance-sheet leverage and stronger recent cash generation, partially offset by the sharp swing back to losses in 2025 that raises concerns about earnings and margin stability. Technicals remain mixed-to-weak versus key longer-term moving averages, and valuation is pressured by a negative P/E and lack of dividend yield data.
Positive Factors
Improved Leverage
A low debt-to-equity (~0.23) and materially improved leverage reduce fixed-charge burden and interest risk, improving financial flexibility. This durable capital-structure shift supports investment, resilience in downturns, and lowers refinancing risk over the next 2–6 months.
Negative Factors
2025 Earnings Loss
The swing to negative operating profit and net income in 2025, despite positive EBITDA, signals margin deterioration below gross profit and potential one-off or structural cost issues. This undermines confidence in sustainable profitability and raises the risk of recurring losses over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage
A low debt-to-equity (~0.23) and materially improved leverage reduce fixed-charge burden and interest risk, improving financial flexibility. This durable capital-structure shift supports investment, resilience in downturns, and lowers refinancing risk over the next 2–6 months.
Read all positive factors
MAX Automation (MXHN) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€155.49M
Dividend YieldN/A
Average Volume (3M)2.57K
Price to Earnings (P/E)―
Beta (1Y)0.26
Revenue Growth-1.42%
EPS Growth-99.55%
CountryDE
Employees1,791
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.03
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...
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
Neutral
4.19
Price Trends
4.01
Negative
4.27
Negative
5.04
Negative
Market Momentum
-0.07
Negative
49.19
Neutral
73.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:MXHN, the sentiment is Neutral. The current price of 4.19 is above the 20-day moving average (MA) of 3.67, above the 50-day MA of 4.01, and below the 200-day MA of 5.04, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 49.19 is Neutral, neither overbought nor oversold. The STOCH value of 73.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | €149.05M | 10.50 | 8.52% | 1.82% | -26.69% | -1.95% | |
67 Neutral | €195.49M | 14.21 | 7.66% | 1.56% | ― | ― | |
66 Neutral | €152.84M | 10.34 | 2.79% | 0.69% | -3.37% | 15.71% | |
56 Neutral | €164.62M | -20.71 | -1.14% | ― | -1.24% | 41.31% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €155.49M | -37.36 | -2.41% | ― | -1.42% | -99.55% | |
52 Neutral | €146.41M | 7.21 | -4.79% | ― | 4.81% | 75.36% |
* General Sector Average
DE:MXHN
MAX Automation
3.77
-2.39
-38.80%
DE:AAG
Aumann AG
12.98
1.25
10.66%
DE:GSC1
GESCO AG
14.10
-1.86
-11.64%
DE:SKB
Koenig & Bauer
8.86
-6.40
-41.94%
DE:LPK
LPKF Laser & Electronics
6.72
-1.65
-19.71%
DE:TTR1
Technotrans
28.30
10.54
59.30%
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.