INDUS Holding AG

Recommendation

Buy

Price Target

€34.00

Upside

51.45%

Chart
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  • 3M
  • 6M
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€22.45

€0.10 (0.45%)
Realtime-Data from 01.07.2025 15:13:01
INDUS Holding AG is a leading specialist in the acquisition and development of small and medium-sized enterprises (SMEs) in German-speaking countries. The portfolio currently comprises over 40 companies, 3 of which are based in Switzerland and the rest in Germany. The company focuses on majority shareholdings in mostly owner-managed "hidden champions" with leading niche market positions, which are assigned to the three segments Engineering, Materials Solutions and Infrastructure. In contrast to traditional private equity companies, INDUS does not pursue an exit strategy and retains the existing management of the companies after an acquisition. INDUS is therefore often perceived as a partner to German SMEs. This is also reflected in the portfolio structure: around 75% of the portfolio companies have been with INDUS for more than 10 years.
ISIN
DE0006200108
Market Cap
€579.21M
Enterprise Value
€1.12B
26 week avg vol.
50307
Primar Exchange
XETRA
IPO
1995
Sector
Investment Companies
Headquarters
Bergisch Gladbach, DE
Employees
8768
Incorporated
1989
CEO
Dr. Johannes Schmidt
Versicherungskammer Bayern
10.20%
H. J. Selzer et al.
5.80%
Protector Forsikring ASA
5.60%
Treasury Shares
3.50%
VolkswagenStiftung
3.12%
Prof. Dr.-Ing. E.H. Friedhelm Loh
3.10%
Wirtgen Invest Holding
3.80%
Free Float
62.00%
11.08.2025
Publication of Q2 report
11.11.2025
Publication of Q3 report

KPIs in EUR

KPI20242025e2026e
Sales1.72B1.79B1.87B
EBITDA226.12M238.78M258.09M
EBIT126.68M143.91M161.11M
EPS2.073.113.49
FCF92.78M91.45M87.39M

Valuation

KPI20242025e2026e
EV / Sales0.65x0.59x0.54x
EV / EBITDA4.96x4.45x3.90x
EV / EBIT8.85x7.39x6.25x
Price / Earnings10.85x7.22x6.44x
EV / FCF12.08x11.63x11.52x

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