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1. Company Snapshot

1.a. Company Description

Stabilus S.A., together with its subsidiaries, manufactures and sells gas springs and dampers, and electric tailgate opening and closing equipment in Europe and internationally.The company offers non-locking, locking, and swivel chair gas springs; motion and vibration dampers; and electric motor drives and CAD-configurators, as well as services and spare parts.Its products are used in automotive, furniture, swivel chair, medical and rehabilitation technology, RV and motorhome, transportation and traffic, agricultural and construction machinery, other commercial vehicle, and machine construction applications, as well as other applications, including leisure, house and building technology, sales and cooling counters, kiosks, and automotive overrun brakes.


The company was formerly known as Servus HoldCo S.à r.l. and changed its name to Stabilus S.A. in May 2014.Stabilus S.A. was founded in 1934 and is based in Luxembourg.

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1.b. Last Insights on STM

The recent 3-month performance of Stabilus S.A. was negatively impacted by a lack of significant developments in its business operations. The company's first-quarter report failed to impress analysts, with no notable updates on its product offerings or strategic initiatives. Furthermore, the absence of any major acquisitions or partnerships has left investors underwhelmed. Additionally, the company's dividend payment of €1.15, although a positive development, may not be enough to offset the lack of growth momentum.

1.c. Company Highlights

2. Stabilus Group's FY2025 Earnings: A Resilient Performance Amidst Challenges

Stabilus Group reported revenues of EUR 1.3 billion for FY2025, with an adjusted EBIT margin of 11%. The company's actual EPS came in at EUR 0.4, slightly below analyst estimates of EUR 0.44. Despite a challenging environment, the company demonstrated resilience, with a free cash flow of EUR 119 million and a net leverage ratio of 2.96. The company's financial performance was impacted by various factors, including lower sales in the Americas and Asia Pacific regions.

Publication Date: Dec -20

📋 Highlights
  • Full-Year Sales & EBIT Margin:: Achieved EUR 1.3 billion in sales and 11% adjusted EBIT margin despite challenging conditions.
  • Free Cash Flow & Leverage:: Generated EUR 119 million free cash flow, with net leverage at 2.96x and EUR 36 million reduction in net debt.
  • Transformation Savings Target:: Aims for EUR 32 million in gross savings by 2028 through 6% workforce reduction and automation, offsetting inflation.
  • Regional Performance Contrast:: Europe grew 3.2% with 20.6% EBIT increase, while Asia Pacific declined 12.4% due to China’s volume drop and tariffs.
  • 2026 Guidance:: Targets EUR 1.1–1.3 billion sales, 10–12% EBIT margin, and EUR 80–110 million free cash flow amid GDP and pricing pressures.

Regional Performance

The Americas region reported a revenue growth of 2.5%, despite a significant negative impact from foreign exchange. The Asia Pacific region, however, was impacted by the tariff situation, particularly in China, resulting in a 12% year-over-year decline in the full year. Europe reported a 3.2% growth, driven by the consolidation of Destaco. According to Andreas Jaeger, "In Asia Pacific, we were impacted by the tariff situation, particularly in China. The consumer indices also declined, affecting our business."

Segment Performance

The company's segment performance was mixed, with a 1.4% decline in one segment due to the negative impact from Automotive Gas Spring. However, the company saw positive signs from Automotive Powerise and Industrial components. The EBIT margin for the Asia Pacific region declined by 29.3% due to lower volume and prices. The company's net leverage situation improved, with a reduction in net financial debt by EUR 36 million.

Outlook and Guidance

The company expects revenues to be between EUR 1.1 billion and EUR 1.3 billion in the next year, with an EBIT margin of 10% to 12%. Analysts estimate next year's revenue growth at -0.3%. The company's guidance suggests a stable outlook for the Americas and EMEA regions, while Asia Pacific is expected to be challenging. The company's valuation metrics, including a P/E Ratio of 9.39 and an EV/EBITDA of 5.18, indicate a relatively attractive valuation.

Valuation and Dividend Yield

The company's dividend yield stands at 5.8%, which is relatively attractive. The P/B Ratio of 0.79 and the Free Cash Flow Yield of 21.4% also suggest a favorable valuation. The Net Debt / EBITDA ratio of 3.0 indicates a manageable debt position. Overall, the company's financial performance and guidance suggest a resilient business model, and the valuation metrics indicate a relatively attractive investment opportunity.

3. NewsRoom

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Stabilus' (ETR:STM) Soft Earnings Don't Show The Whole Picture

Feb -02

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Should Income Investors Look At Stabilus SE (ETR:STM) Before Its Ex-Dividend?

Feb -01

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€30.43: That's What Analysts Think Stabilus SE (ETR:STM) Is Worth After Its Latest Results

Jan -29

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Stabilus' (ETR:STM) Shareholders Will Receive A Smaller Dividend Than Last Year

Jan -27

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Stabilus SE (WBO:STA2) Q1 2026 Earnings Call Highlights: Strong Cash Flow and Strategic Growth ...

Jan -27

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Looking At The Narrative For Stabilus (XTRA:STM) After Valuation And Risk Assumptions Shift

Jan -18

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Calculating The Fair Value Of Stabilus SE (ETR:STM)

Jan -06

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Stabilus' (ETR:STM) Conservative Accounting Might Explain Soft Earnings

Dec -15

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (2.87%)

6. Segments

Automotive

Expected Growth: 2.5%

Stabilus S.A.'s 2.5% growth in Automotive segment is driven by increasing demand for comfort and safety features, rising vehicle production, and growing electrification of vehicles. Additionally, the company's focus on innovative products, such as gas springs and dampers, and its strong relationships with major OEMs contribute to its growth.

Industrial

Expected Growth: 3.5%

Stabilus S.A.'s Industrial segment growth of 3.5% is driven by increasing demand for gas springs and damping solutions in the automotive and industrial equipment markets, as well as expansion into new geographic regions. Additionally, the company's focus on innovation and product diversification, such as its recent introduction of electromechanical actuators, is also contributing to growth.

7. Detailed Products

Gas Springs

Stabilus gas springs are used to lift, lower, and counterbalance weights in a wide range of applications, including industrial, medical, and automotive industries.

Damping Solutions

Stabilus damping solutions provide vibration isolation, shock absorption, and motion control in various industries, including aerospace, automotive, and industrial.

Locking Gas Springs

Stabilus locking gas springs provide a secure and controlled motion in applications such as industrial machinery, medical equipment, and automotive parts.

Motion Control Solutions

Stabilus motion control solutions provide precise motion control and positioning in various industries, including industrial, medical, and aerospace.

Powerise Electrification Solutions

Stabilus Powerise electrification solutions provide innovative and efficient electrification solutions for various industries, including automotive, industrial, and medical.

8. Stabilus S.A.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Stabilus S.A. is medium due to the presence of alternative products in the market, but the company's strong brand reputation and quality products mitigate this threat.

Bargaining Power Of Customers

The bargaining power of customers is low for Stabilus S.A. due to the company's strong relationships with its customers and the lack of concentration in the market.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium for Stabilus S.A. due to the presence of multiple suppliers in the market, but the company's large scale of operations gives it some bargaining power.

Threat Of New Entrants

The threat of new entrants is low for Stabilus S.A. due to the high barriers to entry in the market, including the need for significant capital investment and technological expertise.

Intensity Of Rivalry

The intensity of rivalry is high for Stabilus S.A. due to the presence of several established competitors in the market, leading to a highly competitive environment.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 29.89%
Debt Cost 5.10%
Equity Weight 70.11%
Equity Cost 10.21%
WACC 8.69%
Leverage 42.62%

11. Quality Control: Stabilus S.A. passed 4 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

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Pfeiffer Vacuum

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Value: 1.8

Growth: 3.8

Quality: 4.7

Yield: 5.6

Momentum: 5.0

Volatility: 10.0

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Stabilus

A-Score: 4.7/10

Value: 8.7

Growth: 5.6

Quality: 3.7

Yield: 7.5

Momentum: 0.5

Volatility: 2.0

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Growth: 6.0

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Goodwin

A-Score: 4.4/10

Value: 0.4

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Quality: 7.5

Yield: 5.6

Momentum: 5.0

Volatility: 0.7

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A-Score: 4.2/10

Value: 4.5

Growth: 6.3

Quality: 4.4

Yield: 3.1

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Volatility: 5.7

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Biesse

A-Score: 3.0/10

Value: 6.9

Growth: 1.8

Quality: 2.7

Yield: 2.5

Momentum: 1.5

Volatility: 2.3

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

19.76$

Current Price

19.76$

Potential

-0.00%

Expected Cash-Flows