SMT Scharf AG (DE:S188)
XETRA:S188
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SMT Scharf
(XETRA:S188)
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Rating:65Neutral
Price Target:
€9.50
▲(65.22% Upside)
Action:ReiteratedDate:04/12/26
The score is primarily held back by weaker financial performance, driven by declining revenue and a return to net losses in 2025, despite a resilient balance sheet and improved cash generation. Technicals are supportive (price above major moving averages and positive MACD), while valuation is constrained by the negative P/E with only moderate support from the dividend yield.
Positive Factors
Conservative Balance Sheet
SMT Scharf's 2025 capital structure shows sizeable equity versus modest debt, indicating low leverage and balance-sheet resilience. That financial flexibility supports investment in service networks, absorbs cyclical revenue shocks, and preserves ability to fund working capital and warranty obligations over the medium term.
Negative Factors
Revenue Decline and Net Loss
A material revenue decline and the 2025 net loss signal weakening end-market demand or project execution issues. Persistent top-line pressure compresses margins, reduces investment capacity, and raises the chance of further earnings volatility, which could constrain medium-term strategic initiatives and backlog replenishment.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
SMT Scharf's 2025 capital structure shows sizeable equity versus modest debt, indicating low leverage and balance-sheet resilience. That financial flexibility supports investment in service networks, absorbs cyclical revenue shocks, and preserves ability to fund working capital and warranty obligations over the medium term.
Read all positive factors
SMT Scharf (S188) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€47.33M
Dividend Yield3.62%
Average Volume (3M)2.04K
Price to Earnings (P/E)―
Beta (1Y)-0.05
Revenue Growth76.29%
EPS Growth347.70%
CountryDE
Employees542
SectorGeneral
Sector StrengthN/A
IndustryRailroads
Share Statistics
EPS (TTM)-0.45
Shares Outstanding5,521,456
10 Day Avg. Volume1,895
30 Day Avg. Volume2,037
Financial Highlights & Ratios
PEG Ratio-1.19
Price to Book (P/B)0.54
Price to Sales (P/S)0.40
P/FCF Ratio4.28
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)-0.28
Revenue Forecast (FY)€97.50M
SMT Scharf Business Overview & Revenue Model
Company Description
SMT Scharf AG engages in the development, manufacture, and service of transportation equipment and logistics systems for underground mining and tunnel construction. The company operates through four segments: Coal Mining, Mineral Mining, Tunnel, a...
How the Company Makes Money
SMT Scharf makes money by selling and supporting specialized underground rail transport solutions. Key revenue streams typically include: (1) New equipment and system sales: revenue from delivering complete rail transport systems (e.g., monorail o...
SMT Scharf Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
76
Positive
Cash Flow
68
Positive
| Breakdown | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 102.93M | 95.03M | 73.17M | 93.71M | 85.87M |
| Gross Profit | 14.99M | 17.98M | 15.19M | 28.31M | 16.08M |
| EBITDA | 7.14M | 9.42M | 12.34M | 22.71M | 17.68M |
| Net Income | -4.45M | 5.60M | 4.88M | 14.54M | 12.56M |
Balance Sheet | |||||
| Total Assets | 156.19M | 182.31M | 126.51M | 131.02M | 121.29M |
| Cash, Cash Equivalents and Short-Term Investments | 19.78M | 15.81M | 9.25M | 8.75M | 9.56M |
| Total Debt | 14.78M | 22.65M | 3.00M | 3.42M | 2.80M |
| Total Liabilities | 45.68M | 64.13M | 39.80M | 44.04M | 49.59M |
| Stockholders Equity | 84.71M | 90.67M | 84.94M | 85.28M | 70.25M |
Cash Flow | |||||
| Free Cash Flow | 13.45M | -901.96K | 2.40M | 2.82M | -9.64M |
| Operating Cash Flow | 14.53M | -348.96K | 3.88M | 5.68M | -5.50M |
| Investing Cash Flow | -1.82M | -1.55M | -1.46M | -2.81M | -3.07M |
| Financing Cash Flow | -13.98M | 5.92M | -794.13K | -1.69M | 6.58M |
SMT Scharf Technical Analysis
Positive
5.75
Price Trends
6.97
Positive
6.39
Positive
6.87
Positive
Market Momentum
0.44
Positive
66.34
Neutral
82.93
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:S188, the sentiment is Positive. The current price of 5.75 is below the 20-day moving average (MA) of 7.97, below the 50-day MA of 6.97, and below the 200-day MA of 6.87, indicating a bullish trend. The MACD of 0.44 indicates Positive momentum. The RSI at 66.34 is Neutral, neither overbought nor oversold. The STOCH value of 82.93 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:S188.
SMT Scharf Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | €762.50M | ― | 18.17% | ― | -8.85% | -40.33% | |
68 Neutral | €149.85M | 10.53 | 8.29% | 1.82% | -26.69% | -1.95% | |
65 Neutral | €47.33M | -5.17 | 4.28% | 3.62% | 76.29% | 347.70% | |
62 Neutral | €321.61M | 27.21 | 15.91% | 1.34% | 12.50% | 10.93% | |
62 Neutral | €1.45B | 21.49 | 10.59% | 1.46% | 9.63% | -7.69% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
DE:S188
SMT Scharf
8.65
2.24
34.99%
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13.05
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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.