MAX Automation SE

Recommendation

Buy

Price Target

€7.00

Upside

33.08%

Chart
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€5.26

-€0.16 (-2.95%)
Realtime-Data from 23.09.2025 15:44:09

MAX Automation is an investment company with currently 6 majority stakes in German industrial companies (bdtronic Group, Vecoplan Group, AIM micro systems GmbH, NSM + Jücker, ELWEMA Automotive GmbH) and a minority stake (5.69%) in ZEAL Network SE. The two investments bdtronic and Vecoplan, which already accounted for 71% of the holding company's revenue in the 2024 financial year, deserve special mention. Vecoplan develops, produces and sells shredding and sorting systems for the recycling industry to recycle wood, plastics and paper, for example. Bdtronic develops and produces impregnation and dosing machines for the automotive industry, which are primarily used for electric motors. The increase in global production figures for electric cars has also made itself felt in bdtronic's order book.

ISIN
DE000A2DA588
Market Cap
€216.29M
Enterprise Value
€274.48M
26 week avg vol.
6313
Primar Exchange
Xetra
IPO
1994
Sector
industrials
Headquarters
Hamburg, DE
Employees
1769
Incorporated
1990
CEO
Free Float
15.30%
Günther Group
66.00%
LOYS Investment
5.10%
Baden-Württembergische Versorgungsanstalt
5.00%
Werner Weber
4.20%

KPIs in EUR

KPI20242025e2026e
Sales366.00M320.13M336.31M
EBITDA29.28M13.63M23.08M
EBIT17.57M2.13M11.48M
EPS0.22-0.060.09
FCF6.58M2.24M13.68M

Valuation

KPI20242025e2026e
EV / Sales0.75x0.85x0.77x
EV / EBITDA9.37x19.97x11.20x
EV / EBIT15.62x127.64x22.53x
Price / Earnings23.92x(88.19x)55.92x
EV / FCF41.73x121.32x18.90x

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