DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen (DAM) AI Stock Analysis

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DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen

(XETRA:DAM)

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Rating:46Neutral

Price Target:EUR 23.50▼(-0.42% Downside)

Action:upgraded

Date:11/13/26

DATA MODUL scores below average, driven primarily by weak earnings quality: revenue is down roughly 25% from its 2023 peak, gross margins have halved, and 2025 ended in an operating and net loss. TTM figures suggest the cycle may be bottoming — modest revenue growth, improving gross margin, and a return to positive free cash flow — but profitability remains minimal at a 1.0% net margin and 1.4% ROE. The standout strength is an exceptionally conservative balance sheet, with debt-to-equity of just 0.10 and equity funding about three-quarters of assets, giving the company ample staying power through a prolonged trough. Technicals add to the caution, with the shares trading below all major moving averages and negative MACD momentum, though oversold RSI and Stochastic readings hint at stretched selling. Valuation is unattractive on a 40.5x P/E against depressed earnings, with only a 0.50% dividend yield as compensation. This is a low-leverage, cyclically depressed name where balance sheet quality materially outranks current earnings and cash flow.

Positive Factors

Conservative balance sheetLow leverage and substantial equity provide financial resilience in a cyclical hardware market. This supports continued investment, reduces dependence on refinancing, and gives management flexibility to absorb weaker demand while pursuing customer projects and product development.

Negative Factors

Very thin marginsSub-1% operating and net margins leave little protection against modest cost increases, pricing pressure, or weaker utilization. Such limited profitability restricts reinvestment capacity and means small changes in execution or demand can materially affect earnings and shareholder returns.

DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen (DAM) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 83.92M
Dividend Yield: 0.51%
Average Volume (3M): 271
Price to Earnings (P/E): 40.2
Beta (1Y): 0.14
Revenue Growth: 0.64%
EPS Growth: ―
Country: Germany
Employees: 508
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen Business Overview & Revenue Model

Company Description

DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen, together with its subsidiaries, manufactures and distributes flatbed displays, monitors, electronic subassemblies, and information systems in Germany and international...

How the Company Makes Money

DAM primarily makes money by selling electronic display and embedded system products and related services to business customers (B2B). Key revenue streams typically include: (1) product sales of display components and modules (e.g., industrial-grade...

DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen Financial Statement Overview

Summary

A tale of two halves: the balance sheet is a fortress (equity funds ~75% of assets, debt cut to €14.1M, debt-to-equity of just 0.10), but earnings power is severely depressed. Revenue has fallen from a €283.2M peak in 2023 to €212.9M in 2025, gross margin compressed from 23.1% (2022) to 12.1% (2025), and the company posted a €4.9M operating loss and €4.6M net loss in 2025. TTM data shows an inflection — 3.3% revenue growth, gross margin recovering to 16.6%, a return to a €2.1M net profit and €2.3M free cash flow — but margins remain razor-thin (1.0% net margin, 1.4% ROE) and cash flow has been highly erratic, swinging from +€23.8M in 2023 to negative in 2025. Low leverage provides runway through the trough, but current returns on capital are minimal.

Income Statement

36Negative

Balance Sheet

78Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	215.52M	212.88M	226.21M	283.24M	276.05M	194.77M
Gross Profit	35.67M	25.80M	42.47M	59.59M	63.81M	42.36M
EBITDA	12.29M	5.88M	21.25M	28.89M	33.65M	17.68M
Net Income	2.06M	-4.58M	5.58M	14.49M	18.37M	7.90M
Balance Sheet
Total Assets	195.09M	192.65M	210.07M	219.22M	222.03M	188.84M
Cash, Cash Equivalents and Short-Term Investments	10.11M	13.68M	20.43M	14.32M	15.67M	20.22M
Total Debt	14.06M	15.50M	16.90M	25.92M	33.83M	28.38M
Total Liabilities	50.04M	47.51M	58.96M	73.58M	90.25M	74.91M
Stockholders Equity	145.04M	145.14M	151.12M	145.64M	131.78M	113.93M
Cash Flow
Free Cash Flow	2.31M	-4.76M	18.14M	14.90M	-6.20M	-18.73M
Operating Cash Flow	8.85M	-855.00K	21.73M	23.85M	-2.83M	-15.71M
Investing Cash Flow	-6.54M	-3.91M	-3.51M	-8.95M	-3.37M	-3.02M
Financing Cash Flow	-3.16M	-2.68M	-11.86M	-16.27M	1.65M	12.21M

DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen Technical Analysis

Technical Analysis SentimentNegative

Last Price23.60

Price Trends

50DMA25.87Negative

100DMA26.95Negative

200DMA27.72Negative

Market Momentum

MACD-0.54Positive

RSI31.85Neutral

STOCH18.79Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:DAM, the sentiment is Negative. The current price of 23.60 is below the 20-day moving average (MA) of 24.64, below the 50-day MA of 25.87, and below the 200-day MA of 27.72, indicating a bearish trend. The MACD of -0.54 indicates Positive momentum. The RSI at 31.85 is Neutral, neither overbought nor oversold. The STOCH value of 18.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:DAM.

DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

DE:DAM against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:JEN	72Outperform	EUR 2.16B	20.75	9.74%	1.11%	4.05%	37.55%
DE:ELG	67Neutral	EUR 1.93B	17.02	19.05%	1.31%	16.34%	-8.56%
DE:KTN	62Neutral	EUR 1.19B	14.22	11.03%	3.13%	-7.28%	-39.21%
DE:SIS	60Neutral	EUR 527.26M	36.20	18.80%	0.95%	-18.11%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
DE:FEV	52Neutral	EUR 36.24M	-31.98	-2.22%	3.59%	1.87%	-182.96%
DE:DAM	46Neutral	EUR 83.92M	40.16	1.42%	0.51%	0.64%	―

* General Sector Average

Performance Comparison

DE:DAM and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:DAM	DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen	23.60	-4.35	-15.57%
DE:ELG	ELMOS Semiconductor	114.20	21.96	23.81%
DE:SIS	First Sensor	49.60	-6.92	-12.24%
DE:FEV	FORTEC Elektronik	11.15	-0.27	-2.39%
DE:JEN	Jenoptik AG	36.10	16.58	84.95%
DE:KTN	Kontron AG	18.91	-4.35	-18.70%

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: Nov 13, 2026

DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen AI Stock Analysis