Want to see SHMD full AI Analyst Report?
Top Page
SCHMID Group NV
(NASDAQ:SHMD)
Select Model
Select Model
Rating:47Neutral
Price Target:
$4.50
▲(4.90% Upside)
Action:Reiterated
Date:07/11/26
SHMD’s score is held down primarily by weak financial performance (steep revenue declines, large recent losses, negative equity and ongoing free-cash-flow pressure). Technicals also remain bearish with the price below major moving averages and negative MACD, despite oversold readings. The main offset is a more positive earnings-call outlook with reaffirmed 2026 guidance and actions to improve costs and financing, but execution and dilution/working-capital risks remain material.
Positive Factors
Product-market fit & secular tailwinds
A majority of recent intake is AI/optical and management expects this to rise to ~70% by end‑2026, aligning SCHMID with multi-year secular growth in panel-level packaging and electronics. This durable demand mix supports sustained revenue recovery and higher-margin product sales over time.
Negative Factors
Negative equity & stressed balance sheet
Negative equity persisting through 2025 reflects cumulative losses that weaken the capital base, constrain creditor confidence and limit strategic optionality. This structural impairment elevates insolvency and refinancing risk, making the company dependent on new capital or asset restructuring to regain financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Product-market fit & secular tailwinds
A majority of recent intake is AI/optical and management expects this to rise to ~70% by end‑2026, aligning SCHMID with multi-year secular growth in panel-level packaging and electronics. This durable demand mix supports sustained revenue recovery and higher-margin product sales over time.
Read all positive factors
SCHMID Group NV (SHMD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$290.91M
Dividend YieldN/A
Average Volume (3M)567.18K
Price to Earnings (P/E)―
Beta (1Y)0.69
Revenue Growth16.74%
EPS Growth1.18%
CountryUS
Employees800
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.95
Shares Outstanding65,675,730
10 Day Avg. Volume450,966
30 Day Avg. Volume567,182
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)-1.51
Price to Sales (P/S)3.12
P/FCF Ratio-34.86
Enterprise Value/Market Cap1.32
Enterprise Value/Revenue5.94
Enterprise Value/Gross Profit23.07
Enterprise Value/Ebitda-12.61
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.12
Revenue Forecast (FY)N/A
SCHMID Group NV Business Overview & Revenue Model
Company Description
SCHMID Group N.V. designs and manufactures specialized equipment and comprehensive process solutions for critical sectors such as electronics, solar energy, glass production, and power systems. The company operates globally, with its roots in Germ...
SCHMID Group NV Earnings Call Summary
Earnings Call Date:May 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 25, 2026
Earnings Call Sentiment Positive
The call presents a predominantly constructive picture: the company experienced a pronounced operational recovery in H2 2025, has secured multiple financing options, is actively reducing debt and costs, and has strong product-market fit and secular tailwinds (AI, panel-level packaging). Key risks include the earlier tariff-driven disruption, near-term working capital needs (~EUR 20m), an outstanding convertible with potential dilution, and the inherently lumpy nature of equipment orders. Given that recent commercial and financial moves materially mitigate prior balance sheet and operational weaknesses and management reaffirmed ambitious 2026 guidance, the positive developments outweigh the remaining execution and financing risks.Positive Updates
Strong Second-Half Recovery and Order Momentum
2025 split into two distinct halves: H1 revenues were EUR 16.0m while H2 revenues were ~EUR 50.0m (H2 ~212.5% higher than H1). Year-end order intake exceeded EUR 90m with a year-end order book of EUR 51m. H2 adjusted EBITDA margin was ~13% and H2 EBIT margin was 8.5%.
Negative Updates
Tariff Uncertainty Caused H1 2025 Order Halts
High tariff uncertainty in early 2025 caused customers to halt or push out orders, resulting in a weak H1 with only EUR 16.0m of revenue.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Second-Half Recovery and Order Momentum
2025 split into two distinct halves: H1 revenues were EUR 16.0m while H2 revenues were ~EUR 50.0m (H2 ~212.5% higher than H1). Year-end order intake exceeded EUR 90m with a year-end order book of EUR 51m. H2 adjusted EBITDA margin was ~13% and H2 EBIT margin was 8.5%.
Read all positive updates
Company Guidance
SCHMID reaffirmed 2026 guidance of revenues above EUR 100 million, adjusted EBITDA margin significantly above 12% and order intake of approximately EUR 114 million; Q1 trading showed EUR 18.2 million revenue, EUR 13.6 million order intake and a EUR 49 million order backlog (Q1 historically weakest, with a noted expectation of a significant uptick in Q2). Management highlighted 2025 H2 recovery with ~EUR 50 million revenues, ~13% EBITDA margin and 8.5% EBIT margin, year‑end order intake >EUR 90 million and a year‑end order book of EUR 51 million. Balance‑sheet and cash‑flow metrics include a year‑end working capital shortfall of EUR (13) million, an estimated ~EUR 20 million working‑capital investment required in 2026, planned debt reductions of about EUR 31 million via shareholder loan conversions, property leases of ~EUR 10 million and a $30 million convertible (USD 18 million outstanding) that if converted would leave pro‑forma debt around EUR 23 million; management also secured a $30 million standby equity facility at a ~3% discount. Operational levers cited to hit targets include the “Sprint” program targeting at least EUR 4 million of sustainable annual savings with ~EUR 0.5 million one‑time restructuring costs, and a shift in product mix toward AI/optical demand (≈60% of last 12 months’ intake, expected to rise to ~70% by end‑2026).SCHMID Group NV Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 64.64M | 64.30M | 60.84M | 90.25M | 95.06M | 39.48M |
| Gross Profit | 16.64M | 14.14M | 12.04M | 26.40M | 33.34M | 8.97M |
| EBITDA | -30.43M | -5.78M | -71.96M | 57.73M | 25.70M | -3.26M |
| Net Income | -35.94M | -68.24M | -84.11M | 36.87M | 1.55M | -24.45M |
Balance Sheet | ||||||
| Total Assets | 113.77M | 106.27M | 93.10M | 106.58M | 180.25M | 160.69M |
| Cash, Cash Equivalents and Short-Term Investments | 3.01M | 1.57M | 3.79M | 5.71M | 8.33M | 18.38M |
| Total Debt | 62.33M | 131.61M | 87.13M | 59.13M | 164.19M | 150.79M |
| Total Liabilities | 167.94M | 238.38M | 153.54M | 124.42M | 234.56M | 219.71M |
| Stockholders Equity | -54.83M | -132.69M | -61.11M | -25.20M | 221.74M | -63.85M |
Cash Flow | ||||||
| Free Cash Flow | 466.93K | -5.76M | -7.69M | 2.99M | -3.59M | -6.40M |
| Operating Cash Flow | 466.93K | 343.87K | -2.58M | 9.90M | 280.00K | -1.36M |
| Investing Cash Flow | 21.08M | -5.99M | -4.05M | 72.02M | -7.17M | -7.54M |
| Financing Cash Flow | -21.63M | 3.67M | 3.96M | -83.71M | -3.17M | 35.67M |
SCHMID Group NV Risk Analysis
SCHMID Group NV disclosed 94 risk factors in its most recent earnings report. SCHMID Group NV reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Our officers and directors may not have significant experience or knowledge regarding the jurisdiction or industry of the target business we may seek to acquire. Q4, 2023
2.
In connection with any vote to approve a business combination, we will offer each public shareholder the option to vote in favor of a proposed business combination and still seek redemption of his, her or its shares. We may also require shareholders who wish to redeem their shares in connection with a proposed business combination to comply with specific requirements for redemption that may make it more difficult for them to exercise their redemption rights prior to the deadline for exercising their rights. Q4, 2023
3.
The exercise by our board of directors of discretion in agreeing to changes or waivers in the terms of the business combination may result in a conflict of interest when determining whether such changes to the terms of the business combination or waivers of conditions are appropriate and in the best interests of our shareholders. Q4, 2023
SCHMID Group NV Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $165.24M | 15.55 | 15.76% | ― | 12.76% | 35.93% | |
72 Outperform | $328.98M | 12.18 | 15.32% | 0.69% | 10.68% | 529.24% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | $134.97M | -10.69 | -6.37% | ― | -1.02% | 34.72% | |
47 Neutral | $290.91M | -2.21 | 74.31% | ― | 16.74% | 1.18% | |
44 Neutral | $142.26M | -12.97 | -33.61% | ― | 18.30% | -706.30% | |
43 Neutral | $46.63M | -0.98 | -4407.08% | ― | 40.40% | -99.95% |
* Industrials Sector Average
SHMD
SCHMID Group NV
4.44
1.86
72.09%
HURC
Hurco Companies
21.89
2.66
13.83%
TAYD
Taylor Devices
52.79
7.61
16.84%
TWIN
Twin Disc
23.81
14.87
166.24%
LASE
Laser Photonics Corp.
1.10
-1.63
-59.71%
HUHU
HUHUTECH International Group Inc.
5.52
-0.70
-11.25%
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.