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1. Company Snapshot

1.a. Company Description

Aumann AG manufactures and sells specialized machines and production lines for components of electric and classic drive chain systems in the United States, Canada, Mexico, Europe, China, and internationally.It operates through E-Mobility and Classic segments.The E-Mobility segment manufactures and sells specialized machines and automated production lines for the automotive industry; e-traction engines, power-on-demand units, and electronic components; and energy storage and conversion systems, such as batteries and fuel cells.


The Classic segment provides specialized machinery and automated production lines for the automotive, consumer electronics, appliances, and other industries.Its solutions include systems to produce drive components, including built camshafts, camshaft modules, and cylinder deactivation modules; and lightweight components that reduce CO2 emissions from combustion engine vehicles.This segment also offers automated manufacturing and assembly solutions.


The company was founded in 1936 and is headquartered in Beelen, Germany.

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1.b. Last Insights on AAG

Aumann AG's recent performance was negatively driven by a 5.4% decline in revenue to €61.7m in Q1 2025, compared to €65.3m in Q1 2024. Despite maintaining stable EPS at €0.27, the revenue drop is a concern. The company's strategic expansion into new sectors is a positive sign, as highlighted in the Q1 2025 earnings call. However, the revenue challenges in the current quarter may impact investor confidence. Aumann's decision to increase its dividend payout to €0.22 is a positive development, but its impact may be limited by the revenue decline.

1.c. Company Highlights

2. Aumann AG's Q3 2025 Earnings: Strong Profitability Amidst Revenue Decline

Aumann AG reported revenue of EUR 158 million for the first 9 months of 2025, a 32% decrease compared to the same period last year, but in line with the company's full-year guidance. Despite the revenue decline, the company maintained a strong double-digit EBITDA margin of 11.6%. Earnings per share (EPS) came in at EUR 0.45, matching analyst estimates. The order intake after 9 months stood at EUR 112 million, 29% lower than last year.

Publication Date: Nov -23

📋 Highlights
  • Revenue Decline:: EUR 158 million in 9M 2025, 32% lower than the previous year, aligning with full-year guidance of EUR 210–230 million.
  • EBITDA Margins:: Maintained double-digit EBITDA margin of 11.6% in 9M 2025, reaffirming 8–10% guidance for the full year despite revenue drop.
  • Order Intake Reduction:: EUR 112 million in 9M 2025, 29% below 2024, reflecting ongoing market challenges but with improved sales pipeline in Q3 (+35% YoY).
  • Strategic Growth Shift:: Expanding Next Automation into aerospace, cleantech, and life science, with M&A focus on North America and new market entry opportunities.
  • Project Execution Efficiency:: Cost reductions, capacity adjustments, and improved quoting success (20% higher YoY) position for potential large-scale order wins in 2026.

Operational Highlights and Outlook

The company's E-mobility segment continues to benefit from the growing demand for battery electric vehicles (BEVs), with over 9.5 million units sold worldwide in the first 9 months of 2025, a 36% increase compared to the same period last year. Aumann is also shifting its focus to other industries, such as defense, aerospace, and life science, through its Next Automation segment. CEO Sebastian Roll noted that the company has submitted more quotations than ever before, including large projects, and is hopeful of securing 1 or 2 large-scale orders in the upcoming quarters.

Valuation and Growth Prospects

Aumann's current valuation metrics indicate a relatively low price-to-earnings (P/E) ratio of 7.8 and a price-to-book (P/B) ratio of 0.79. The company's EV/EBITDA ratio stands at 2.03, suggesting a potentially undervalued stock. Analysts estimate revenue growth of 16.5% for the next year, which could bode well for the company's prospects. With a strong focus on cost optimization and a flexible cost structure, Aumann is well-positioned to navigate the challenging market environment.

Mergers and Acquisitions

Aumann is actively exploring M&A opportunities, particularly in North America, to expand its footprint and enter new markets. CEO Sebastian Roll mentioned that the company is not prioritizing mergers but is open to acquiring bigger targets with its available liquidity. The company is working on several M&A leads, but a specific timeline for any potential deals is uncertain.

Conclusion on Financial Health

The company's financial health is reflected in its return on equity (ROE) of 9.7% and return on invested capital (ROIC) of 7.67%. Aumann's net debt to EBITDA ratio stands at -2.58, indicating a strong cash position. The dividend yield is 1.95%, and the free cash flow yield is 12.9%, making it an attractive proposition for income investors.

3. NewsRoom

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Is Aumann AG's (ETR:AAG) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

Sep -22

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Aumann AG (ETR:AAG) Shares Could Be 42% Below Their Intrinsic Value Estimate

Sep -02

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Aumann Second Quarter 2025 Earnings: EPS: €0.18 (vs €0.36 in 2Q 2024)

Aug -18

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Why Aumann AG (ETR:AAG) Could Be Worth Watching

Jul -21

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Aumann (ETR:AAG) Will Pay A Larger Dividend Than Last Year At €0.22

Jun -01

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Aumann First Quarter 2025 Earnings: EPS: €0.27 (vs €0.27 in 1Q 2024)

May -19

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Aumann AG (AUUMF) Q1 2025 Earnings Call Highlights: Strategic Expansion Amid Revenue Challenges

May -14

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Aumann (ETR:AAG) Is Paying Out A Larger Dividend Than Last Year

May -10

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.58%)

6. Segments

E-Mobility

Expected Growth: 7%

Aumann AG's E-Mobility segment growth is driven by increasing demand for sustainable transportation, government incentives for electric vehicles, and rising investments in EV charging infrastructure. Additionally, the company's focus on innovative battery technology and strategic partnerships with automotive OEMs contribute to its 7% growth rate.

Classic

Expected Growth: 5%

Aumann AG's Classic segment growth is driven by increasing demand for high-quality, precision-engineered components in the automotive and industrial sectors. Strong brand recognition, expanding distribution channels, and strategic partnerships contribute to the 5% growth rate. Additionally, investments in R&D and manufacturing process optimization enable Aumann AG to maintain a competitive edge and capitalize on emerging market trends.

7. Detailed Products

E-Mobility Solutions

Aumann AG provides innovative e-mobility solutions for electric vehicles, including charging systems, battery management, and power electronics.

Industrial Automation Solutions

Aumann AG offers industrial automation solutions for manufacturing and production processes, including robotics, machine learning, and IoT integration.

Renewable Energy Systems

Aumann AG provides renewable energy systems, including solar, wind, and hydro power solutions, for sustainable energy generation.

Electrification of Aerospace

Aumann AG offers electrification solutions for the aerospace industry, including electric propulsion systems and power electronics.

High-Voltage Power Electronics

Aumann AG provides high-voltage power electronics solutions for various industries, including renewable energy, aerospace, and e-mobility.

8. Aumann AG's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Aumann AG is moderate, as there are some alternatives available in the market, but they are not very attractive to customers.

Bargaining Power Of Customers

The bargaining power of customers for Aumann AG is low, as customers have limited options and the company has a strong brand presence.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Aumann AG is moderate, as the company has some dependence on key suppliers, but it also has some negotiating power.

Threat Of New Entrants

The threat of new entrants for Aumann AG is high, as the industry has low barriers to entry and there are many potential competitors.

Intensity Of Rivalry

The intensity of rivalry for Aumann AG is high, as the industry is highly competitive and there are many established players.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 3.63%
Debt Cost 13.05%
Equity Weight 96.37%
Equity Cost 13.05%
WACC 13.05%
Leverage 3.77%

11. Quality Control: Aumann AG passed 8 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Aumann

A-Score: 5.6/10

Value: 8.7

Growth: 7.7

Quality: 6.5

Yield: 1.9

Momentum: 6.0

Volatility: 2.7

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MAX Automation

A-Score: 5.0/10

Value: 6.9

Growth: 4.4

Quality: 6.8

Yield: 0.0

Momentum: 2.5

Volatility: 9.3

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Nederman Holding

A-Score: 4.2/10

Value: 4.8

Growth: 6.3

Quality: 4.3

Yield: 3.1

Momentum: 1.0

Volatility: 5.3

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Troax

A-Score: 3.9/10

Value: 2.7

Growth: 6.0

Quality: 6.5

Yield: 3.8

Momentum: 1.0

Volatility: 3.7

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Concentric

A-Score: 3.5/10

Value: 0.8

Growth: 7.2

Quality: 4.1

Yield: 3.1

Momentum: 5.5

Volatility: 0.3

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Nilfisk

A-Score: 3.5/10

Value: 7.6

Growth: 3.3

Quality: 2.9

Yield: 0.0

Momentum: 2.0

Volatility: 5.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

12.42$

Current Price

12.42$

Potential

-0.00%

Expected Cash-Flows