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centrotherm international AG (CTNK) AI Stock Analysis

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DE:CTNK

centrotherm international AG

(Frankfurt:CTNK)

Select Model
Rating:72Outperform
Price Target:EUR 10.00â–²(8.70% Upside)
Action:reiterated
Date:08/06/26

DE:CTNK benefits from profound financial strength, driven by an exceptional, nearly debt-free balance sheet, surging cash flows, and a highly attractive valuation. However, the overall score is heavily moderated by persistent technical weakness, as the stock remains entrenched in a bearish downtrend below all major moving averages.

Positive Factors
Very Low LeverageMinimal debt and expanded equity provide resilience through photovoltaic and semiconductor cycles. Strong ROE indicates the company is generating attractive profits without materially depending on borrowing, preserving financial flexibility.
Negative Factors
Declining and Volatile RevenueLarge year-to-year revenue swings and the latest decline make demand less predictable. Project timing, customer investment cycles, and changing industry conditions may create uneven capacity utilization and complicate sustained growth.

centrotherm international AG (CTNK) vs. iShares MSCI Germany ETF (EWG)

-20%0%20%40%60%80%100%DE:CTNK+37.31%EWG+7.73%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
EUR 194.69M
Dividend Yield
―
Average Volume (3M)
690
Price to Earnings (P/E)
16.6
Beta (1Y)
0.17
Revenue Growth
-36.28%
EPS Growth
-66.51%
Country
Germany
Employees
741
Sector
Technology
Sector Strength
61
Industry
Semiconductors

centrotherm international AG Business Overview & Revenue Model

Company Description

centrotherm international AG provides production equipment and solutions for the photovoltaic, semiconductor, and microelectronic industries worldwide. It offers low pressure diffusion furnace, plasma enhanced chemical vapor deposition and LPCVD syst...

How the Company Makes Money

null

centrotherm international AG Financial Statement Overview

Summary

The company demonstrates exemplary financial health with a practically debt-free balance sheet and phenomenal cash generation. Despite a moderate top-line contraction, margins remained solid and free cash flow surged 63.22%, providing massive liquidity and structural earnings stability.

Income Statement

68Positive

Balance Sheet

92Very Positive

Cash Flow

94Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue151.24M211.06M238.20M151.24M180.47M175.60M
Gross Profit35.11M47.70M67.36M81.31M26.37M68.05M
EBITDA20.42M28.05M41.00M20.37M16.14M16.11M
Net Income18.70M19.20M25.95M18.70M13.04M11.61M
Balance Sheet
Total Assets316.27M403.29M398.29M316.27M243.91M270.81M
Cash, Cash Equivalents and Short-Term Investments57.98M170.68M103.95M57.98M69.45M40.11M
Total Debt2.11M896.00K18.59M2.10M2.19M17.64M
Total Liabilities233.06M275.56M288.95M233.06M188.51M227.09M
Stockholders Equity83.20M127.71M109.32M83.20M64.90M43.72M
Cash Flow
Free Cash Flow-10.41M75.48M46.24M-13.31M28.24M7.27M
Operating Cash Flow-10.41M79.04M50.48M-10.41M30.28M9.62M
Investing Cash Flow-2.90M-3.61M-4.17M-2.90M-1.90M-2.33M
Financing Cash Flow-511.00K-492.00K-461.00K-511.00K-500.00K-4.09M

centrotherm international AG Technical Analysis

Technical Analysis SentimentNeutral
Last Price9.20

Price Trends

50DMA9.18Positive
100DMA9.26Negative
200DMA10.07Negative

Market Momentum

MACD-0.00Negative
RSI51.57Neutral
STOCH50.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:CTNK, the sentiment is Neutral. The current price of 9.20 is above the 20-day moving average (MA) of 9.18, above the 50-day MA of 9.18, and below the 200-day MA of 10.07, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 51.57 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:CTNK.

centrotherm international AG Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

DE:CTNK against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
DE:CTNKDE:CTNK72OutperformEUR 194.69M16.648.97%―-36.28%-66.51%
DE:MUBDE:MUB68NeutralEUR 609.53M17.1813.28%3.52%1.88%164.89%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
DE:SMHNDE:SMHN55NeutralEUR 942.78M30.628.73%0.09%-15.45%-51.36%
DE:AIXADE:AIXA52NeutralEUR 3.61B40.758.42%0.52%-8.57%-11.33%
DE:TPEDE:TPE45NeutralEUR 653.80M-394.66-0.99%―-3.63%-106.89%

* Technology Sector Average

Performance Comparison

0%100%200%300%DE:CTNKDE:AIXADE:M5ZDE:TPEDE:SMHNDE:MUBDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
DE:CTNK and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
DE:CTNKcentrotherm international AG9.202.4536.30%
DE:AIXAAIXTRON SE28.9312.4875.86%
DE:M5ZManz AG0.01-0.03-75.00%
DE:TPEPVA TePla26.603.0012.71%
DE:SMHNSuss Microtec Se44.4014.0146.12%
DE:MUBMuhlbauer Holding AG & Co. KGaA42.605.6215.19%
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.

Date of analysis: Aug 06, 2026