MAX Automation SE

Recommendation

Buy

Price Target

€7.00

Upside

19.45%

Chart
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€5.86

-€0.08 (-1.35%)
Realtime-Data from 01.07.2025 15:43:27
MAX Automation is an investment company with currently 6 majority stakes in German industrial companies (bdtronic Group, Vecoplan Group, MA micro 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 2023 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
€240.96M
Enterprise Value
€299.15M
26 week avg vol.
6313
Primar Exchange
Xetra
IPO
1994
Sector
Industrials
Headquarters
Hamburg, DE
Employees
1685
Incorporated
1990
CEO
Günther Group
66.00%
LOYS Investment
5.10%
Baden-Württembergische Versorgungsanstalt
5.00%
Werner Weber
4.20%
Axxion S.A.
2.20%
Monega
2.20%
Free Float
15.30%
31.07.2025
Publication of Q2 report
06.11.2025
Publication of Q3 report

KPIs in EUR

KPI20242025e2026e
Sales366.00M363.83M381.51M
EBITDA29.28M24.87M27.12M
EBIT17.57M13.37M15.52M
EPS0.220.130.16
FCF6.58M11.80M16.59M

Valuation

KPI20242025e2026e
EV / Sales0.82x0.79x0.71x
EV / EBITDA10.22x11.56x9.98x
EV / EBIT17.03x21.50x17.45x
Price / Earnings26.64x44.23x35.91x
EV / FCF45.48x24.35x16.32x

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