INDUS Holding AG

Recommendation

Buy

Price Target

€34.00

Upside

54.90%

Chart
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€21.95

-€0.20 (-0.90%)
Realtime-Data from 23.09.2025 15:43:14

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 based Germany, the US, Switzerland and the Nordics. 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
€566.31M
Enterprise Value
€1.11B
26 week avg vol.
50307
Primar Exchange
XETRA
IPO
1995
Sector
investment-companies
Headquarters
Bergisch Gladbach, DE
Employees
8856
Incorporated
1989
CEO
Dr. Johannes Schmidt
Free Float
62.00%
Versicherungskammer Bayern
10.20%
H. J. Selzer et al.
5.80%
Protector Forsikring ASA
5.60%
Treasury Shares
3.50%
VolkswagenStiftung
3.12%
12.11.2025
Publication of Q3 report

KPIs in EUR

KPI20242025e2026e
Sales1.72B1.74B1.83B
EBITDA226.12M216.15M240.23M
EBIT126.68M122.19M145.07M
EPS2.072.533.06
FCF92.78M90.07M70.18M

Valuation

KPI20242025e2026e
EV / Sales0.64x0.60x0.55x
EV / EBITDA4.90x4.87x4.19x
EV / EBIT8.74x8.61x6.94x
Price / Earnings10.61x8.67x7.18x
EV / FCF11.94x11.68x14.35x

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