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AIXTRON
(XETRA:AIXA)
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Rating:57Neutral
Price Target:
€41.00
▲(10.13% Upside)
Action:Reiterated
Date:09/15/26
The score is primarily supported by solid underlying financial health—continued profitability and strong recent free cash flow. However, the overall rating is pulled down by weak technicals (price below key moving averages and negative MACD) and a rich valuation (high P/E with a low dividend yield), alongside signs of cyclical slowdown (revenue contraction and margin compression) and higher leverage versus recent history.
Positive Factors
Strong cash generation
Strong operating and free cash flow indicate that reported profits are converting into usable funds. This supports internal investment, customer support and shareholder returns while giving AIXTRON greater resilience through the semiconductor cycle over the next several quarters.
Negative Factors
Revenue contraction
Revenue contraction signals that customer investment and equipment demand have softened after the strong expansion seen in 2023. Because AIXTRON relies substantially on capital-expenditure-driven system sales, weaker orders can persistently pressure growth until customer capacity plans recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Strong operating and free cash flow indicate that reported profits are converting into usable funds. This supports internal investment, customer support and shareholder returns while giving AIXTRON greater resilience through the semiconductor cycle over the next several quarters.
Read all positive factors
AIXTRON (AIXA) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€3.89B
Dividend Yield0.42%
Average Volume (3M)561.16K
Price to Earnings (P/E)68.3
Beta (1Y)0.92
Revenue Growth-24.00%
EPS Growth-46.54%
CountryDE
Employees1,035
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)0.52
Shares Outstanding113,456,120
10 Day Avg. Volume619,788
30 Day Avg. Volume561,164
Financial Highlights & Ratios
PEG Ratio-1.19
Price to Book (P/B)2.14
Price to Sales (P/S)3.51
P/FCF Ratio10.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€45.20Price Target Upside21.41% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.73
Revenue Forecast (FY)€570.94M
AIXTRON Business Overview & Revenue Model
Company Description
Based in Herzogenrath, Germany, AIXTRON SE, established in 1983, serves the global semiconductor industry by supplying sophisticated deposition equipment. Operating across Asia, Europe, and the Americas, the company undertakes the full scope of ac...
How the Company Makes Money
AIXTRON makes money primarily by selling high-value compound semiconductor deposition tools to customers that manufacture wafers/devices (and, in some cases, to research labs). Its revenue model is largely capital-expenditure driven: customers pla...
AIXTRON Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
74
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 481.08M | 556.55M | 633.16M | 629.88M | 463.17M | 428.95M |
| Gross Profit | 190.05M | 220.96M | 262.47M | 279.03M | 195.27M | 181.48M |
| EBITDA | 73.15M | 108.82M | 146.85M | 169.50M | 114.37M | 108.23M |
| Net Income | 58.09M | 85.23M | 106.28M | 145.19M | 100.44M | 95.66M |
Balance Sheet | ||||||
| Total Assets | 1.64B | 1.04B | 1.02B | 1.03B | 902.58M | 740.70M |
| Cash, Cash Equivalents and Short-Term Investments | 816.17M | 224.61M | 64.60M | 181.68M | 325.16M | 352.49M |
| Total Debt | 349.19M | 7.50M | 5.02M | 5.44M | 7.96M | 4.03M |
| Total Liabilities | 643.86M | 129.38M | 170.34M | 252.37M | 239.26M | 148.53M |
| Stockholders Equity | 992.51M | 910.23M | 847.87M | 777.37M | 663.11M | 591.99M |
Cash Flow | ||||||
| Free Cash Flow | 273.05M | 181.32M | -72.47M | -109.93M | 7.48M | -30.96M |
| Operating Cash Flow | 296.27M | 208.74M | 26.23M | -47.29M | 37.14M | -13.50M |
| Investing Cash Flow | -549.96M | -141.28M | -15.04M | 78.12M | -48.27M | -17.49M |
| Financing Cash Flow | 425.26M | -18.65M | -46.47M | -35.88M | -34.59M | -8.59M |
AIXTRON Technical Analysis
Negative
37.23
Price Trends
37.31
Negative
43.15
Negative
37.89
Negative
Market Momentum
-0.18
Positive
40.90
Neutral
10.65
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:AIXA, the sentiment is Negative. The current price of 37.23 is above the 20-day moving average (MA) of 36.38, below the 50-day MA of 37.31, and below the 200-day MA of 37.89, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 40.90 is Neutral, neither overbought nor oversold. The STOCH value of 10.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:AIXA.
AIXTRON Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €193.64M | 16.64 | 8.97% | 2.31% | -36.28% | -66.51% | |
68 Neutral | €1.19B | 42.38 | 8.73% | 0.07% | -15.45% | -51.36% | |
60 Neutral | €703.05M | 23.87 | 20.29% | 0.49% | 31.07% | ― | |
60 Neutral | €563.45M | 39.78 | 18.80% | 0.86% | -18.11% | ― | |
57 Neutral | €3.89B | 68.25 | 6.36% | 0.42% | -24.00% | -46.54% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
DE:AIXA
AIXTRON
35.49
22.27
168.44%
DE:BSL
Basler AG
22.35
3.19
16.62%
DE:SIS
First Sensor
54.50
-2.42
-4.24%
DE:M5Z
Manz AG
0.01
-0.12
-92.31%
DE:SMHN
Suss Microtec
61.45
24.79
67.60%
DE:CTNK
centrotherm international AG
9.15
3.85
72.64%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.