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PSI AG fuer Produkte und Systeme der Informationstechnologie
(XETRA:PSAN)
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Rating:46Neutral
Price Target:
€44.00
▼(-3.30% Downside)
Action:Reiterated
Date:07/19/26
The score is primarily held down by weakening financial performance: steep TTM revenue contraction, negative margins, higher leverage, and negative recent cash generation. Technicals are neutral with the stock trading near clustered moving averages and momentum indicators not showing a strong trend. Valuation is also constrained by negative earnings (negative P/E), with no dividend yield data to offset the risk.
Positive Factors
Vertical focus & industry-specific software
PSI's specialist focus on energy, manufacturing and transport creates a durable competitive position: enterprise customers in these sectors value deep domain functionality and integration, raising switching costs and supporting multi-year projects and aftermarket revenue streams.
Negative Factors
Sharp revenue contraction and negative margins
A severe TTM revenue decline and deeply negative margins materially damage operating leverage and internal investment capacity. Prolonged top-line weakness erodes pricing power, reduces R&D and sales budgets, and undermines the firm's ability to sustain enterprise software delivery and customer relationships long term.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical focus & industry-specific software
PSI's specialist focus on energy, manufacturing and transport creates a durable competitive position: enterprise customers in these sectors value deep domain functionality and integration, raising switching costs and supporting multi-year projects and aftermarket revenue streams.
Read all positive factors
PSI AG fuer Produkte und Systeme der Informationstechnologie (PSAN) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€749.03M
Dividend YieldN/A
Average Volume (3M)62.27K
Price to Earnings (P/E)―
Beta (1Y)0.50
Revenue Growth2.02%
EPS Growth-814.09%
CountryDE
Employees2,295
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-2.52
Shares Outstanding16,341,810
10 Day Avg. Volume179,060
30 Day Avg. Volume62,273
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)10.41
Price to Sales (P/S)2.45
P/FCF Ratio73.44
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)0.25
Revenue Forecast (FY)€313.45M
PSI AG fuer Produkte und Systeme der Informationstechnologie Business Overview & Revenue Model
Company Description
PSI Software AG is a global developer and vendor of software systems and products, serving a diverse range of industries including energy supply, manufacturing, infrastructure, software technology, internet applications, and business consulting. T...
How the Company Makes Money
PSI makes money mainly by selling enterprise software and associated services to business and public-sector customers in its target verticals (notably energy/utilities, manufacturing, and transport/logistics/infrastructure). Key revenue streams ge...
PSI AG fuer Produkte und Systeme der Informationstechnologie Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 284.09M | 285.53M | 260.84M | 269.89M | 247.94M | 248.39M |
| Gross Profit | 26.37M | 22.92M | 17.85M | 69.99M | 78.13M | 79.92M |
| EBITDA | -13.61M | -20.67M | 310.00K | 21.09M | 34.64M | 38.56M |
| Net Income | -39.30M | -31.64M | -20.96M | 324.00K | 16.75M | 15.84M |
Balance Sheet | ||||||
| Total Assets | 293.73M | 278.06M | 273.86M | 283.15M | 272.60M | 284.12M |
| Cash, Cash Equivalents and Short-Term Investments | 30.89M | 27.29M | 26.48M | 50.48M | 45.44M | 67.48M |
| Total Debt | 92.08M | 80.33M | 54.33M | 39.81M | 29.18M | 27.90M |
| Total Liabilities | 233.25M | 210.89M | 178.46M | 171.43M | 153.56M | 169.41M |
| Stockholders Equity | 60.47M | 67.17M | 95.40M | 111.73M | 119.04M | 114.72M |
Cash Flow | ||||||
| Free Cash Flow | -8.18M | 9.52M | -27.41M | 9.12M | -6.95M | 33.36M |
| Operating Cash Flow | -2.98M | 11.55M | -19.68M | 16.78M | 3.36M | 38.75M |
| Investing Cash Flow | -10.34M | 701.00K | -7.01M | -6.92M | -9.80M | -5.01M |
| Financing Cash Flow | 13.03M | -13.29M | 5.32M | -4.96M | -15.85M | -7.69M |
PSI AG fuer Produkte und Systeme der Informationstechnologie Technical Analysis
Negative
45.50
Price Trends
45.33
Negative
45.40
Negative
45.26
Negative
Market Momentum
-0.04
Positive
46.42
Neutral
67.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:PSAN, the sentiment is Negative. The current price of 45.5 is above the 20-day moving average (MA) of 45.49, above the 50-day MA of 45.33, and above the 200-day MA of 45.26, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 46.42 is Neutral, neither overbought nor oversold. The STOCH value of 67.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:PSAN.
PSI AG fuer Produkte und Systeme der Informationstechnologie Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | €397.69M | 27.86 | 15.97% | 1.31% | 11.74% | 16.58% | |
72 Outperform | €184.10B | 23.02 | 17.98% | 1.78% | 6.42% | 22.22% | |
70 Outperform | €1.34B | 26.15 | 62.04% | 3.00% | 12.01% | 11.38% | |
66 Neutral | €626.16M | 18.88 | 40.19% | 11.36% | -8.23% | 10.46% | |
58 Neutral | €55.56M | 9.26 | 15.53% | ― | 1.05% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | €749.03M | -18.21 | -53.99% | ― | 2.02% | -814.09% |
* General Sector Average
DE:PSAN
PSI AG fuer Produkte und Systeme der Informationstechnologie
45.00
17.40
63.04%
DE:AOF
ATOSS Software
87.50
-25.35
-22.47%
DE:CSH
Cenit AG
6.78
-0.76
-10.08%
DE:IVU
IVU Traffic Technologies
23.50
2.96
14.40%
DE:SAP
SAP SE
164.64
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-32.12%
DE:MUM
Mensch und Maschine Software SE
37.10
-11.42
-23.54%
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.