R. Stahl AG

R. STAHL AG maintains a debt-to-equity ratio of 1.02, indicating a balanced capital structure with moderate leverage. The company's liquidity position is characterized as medium risk, with a current ratio of 1.2, suggesting limited short-term liquidity cushion. Free cash flow of 2.85 million EUR supports operational flexibility, but operating cash flow is negative at -0.70 million EUR, signaling potential near-term cash flow constraints.

Profitability metrics show a return on equity of 3.01% and a return on assets of 0.75%, both below the median for the electrical components and equipment industry. Operating income of 4.05 million EUR represents a 4.78% margin, which is in line with the industry median but leaves room for improvement in cost control and pricing power.

The company's revenue is concentrated in its core industrial goods segment, with no disclosed geographic breakdown. This lack of diversification increases exposure to sector-specific downturns. No material revenue concentration by geography is reported, but the absence of segmental or geographic data limits visibility into potential regional risks.

Outlook for the current fiscal year shows a projected revenue growth of 2.5% year-over-year, with a 1.2% increase in operating income. These figures are modest compared to the industry median of 4.0% revenue growth and 2.8% operating income growth. The company's capital expenditure of -3.56 million EUR indicates a net reduction in long-term investments, which may affect future growth capacity.

Risk factors include medium liquidity risk due to negative net cash after subtracting total debt. Dilution risk is assessed as low, with no near-term pressure from share issuance. The company's capital structure remains stable, with long-term debt of 71.53 million EUR and equity of 69.95 million EUR. No dilution sources are identified in recent filings or transcripts.

Recent events include the publication of the latest financial results, which show a slight decline in operating cash flow and a modest increase in free cash flow. No material changes in business strategy or regulatory environment have been disclosed in the most recent filings. Analysts maintain a neutral stance, with a mean recommendation of 2.00 and a mean price target of 18.88 EUR.

Analysts project 39.8% upside to a mean price target of EUR 18.88, signaling strong market confidence in future performance.

Free cash flow surged to EUR 9.8 million in FY2025, demonstrating significant improvement in cash generation capabilities.

Operating income expanded to EUR 15.8 million in FY2025, reflecting robust operational efficiency and margin expansion.

Long-term debt decreased to EUR 61.2 million in FY2025, indicating a deliberate strategy to reduce leverage and strengthen the balance sheet.

Revenue grew at a 6.0% CAGR over four years, showing consistent top-line expansion despite recent quarterly volatility.

The company carries a high credit risk flag, suggesting potential difficulties in meeting financial obligations or securing favorable financing terms.

Debt-to-equity ratio of 1.02 places the company in the bottom quartile of its cohort, indicating excessive leverage relative to peers.

Operating margins of 4.8% remain below the cohort median of 5.25%, suggesting competitive pressure or lower pricing power than peers.

Cash conversion ratio of -0.33 ranks in the bottom quartile, indicating poor efficiency in converting operating income into actual cash.

Revenue €313.0M, −9,1% YoY; Operating income −58,3% YoY.

• ▍Revenue €313.0M, −9,1% YoY
• ▍Operating income −58,3% YoY
• ▍Net income −49,2% YoY
• ▍Free cash flow −17,2% YoY
• ▍Net margin 0.9%

Revenue €344.1M, +4,1% YoY; Operating income +79,9% YoY.

• ▍Revenue €344.1M, +4,1% YoY
• ▍Operating income +79,9% YoY
• ▍Net income +2 883,6% YoY
• ▍Free cash flow +174,9% YoY
• ▍Net margin 1.7%

Revenue €330.6M, +20,5% YoY; Operating income +128,9% YoY.

• ▍Revenue €330.6M, +20,5% YoY
• ▍Operating income +128,9% YoY
• ▍Net income −90,0% YoY
• ▍Free cash flow −18,7% YoY
• ▍Net margin 0.1%

Revenue €274.3M, +10,6% YoY; Operating income +6 309,7% YoY.

• ▍Revenue €274.3M, +10,6% YoY
• ▍Operating income +6 309,7% YoY
• ▍Net income +139,7% YoY
• ▍Free cash flow +228,5% YoY
• ▍Net margin 0.7%

Revenue €248.1M; Operating income -€62.0k.

• ▍Revenue €248.1M
• ▍Operating income -€62.0k
• ▍Net margin -2.0%