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Grammer AG (DE:GMM)
XETRA:GMM
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Grammer (GMM) AI Stock Analysis

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DE:GMM

Grammer

(XETRA:GMM)

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Outperform 70 (OpenAI - 5.2)
Rating:70Outperform
Price Target:
€13.00
▲(26.21% Upside)
Action:Upgraded
Date:08/18/26
The score is driven primarily by the financial recovery (improving margins and a strong rebound in free cash flow) and supportive technical strength (price above key moving averages with positive MACD). Valuation adds a meaningful boost due to the low P/E, while the overall result is tempered by still-thin net profitability and a balance sheet that, despite improvement, remains leveraged.
Positive Factors
Profitability Recovery
The return to profitability and stronger operating margin indicate meaningful operational recovery. If sustained, improved earnings can strengthen internal funding capacity, support debt reduction, and provide greater resilience through the vehicle cycle.
Negative Factors
Declining Revenue Trend
Shrinking or uneven revenue limits operating leverage and signals pressure across customer production volumes or program mix. As sales depend heavily on OEM platforms and vehicle cycles, sustained weakness could constrain earnings recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
The return to profitability and stronger operating margin indicate meaningful operational recovery. If sustained, improved earnings can strengthen internal funding capacity, support debt reduction, and provide greater resilience through the vehicle cycle.
Read all positive factors

Grammer (GMM) vs. iShares MSCI Germany ETF (EWG)

Grammer Business Overview & Revenue Model

Company Description
Grammer AG is a global enterprise focused on the design, production, and distribution of interior components and systems for the automotive sector. Its operations are divided into two primary segments: Automotive and Commercial Vehicles. The Autom...
How the Company Makes Money
GRAMMER makes money primarily by supplying products to original equipment manufacturers (OEMs) and other vehicle producers under business-to-business supply contracts. Its revenue is generated mainly from (1) the Automotive segment, where it sells...

Grammer Financial Statement Overview

Summary
Overall financials show a rebound in TTM profitability and cash flow, with improved gross/operating margins and solid positive free cash flow (~€78M). The main constraints are still-thin net margins (~1.8%) and a balance sheet that remains only average due to meaningful leverage (TTM debt-to-equity ~1.37x; ~€413M debt), despite clear improvement from prior years.
Income Statement
63
Positive
Balance Sheet
52
Neutral
Cash Flow
66
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.83B1.82B1.92B2.06B2.16B1.90B
Gross Profit240.97M130.51M189.31M245.81M140.51M175.31M
EBITDA145.71M124.50M94.83M63.96M128.50M112.83M
Net Income33.49M23.47M-92.54M1.80M-77.77M1.85M
Balance Sheet
Total Assets1.72B1.61B1.70B1.53B1.44B1.48B
Cash, Cash Equivalents and Short-Term Investments121.72M152.75M219.85M131.00M108.59M113.44M
Total Debt413.36M575.60M696.30M525.19M535.85M530.45M
Total Liabilities1.40B1.41B1.43B1.22B1.14B1.14B
Stockholders Equity301.45M178.33M251.57M263.94M299.41M343.02M
Cash Flow
Free Cash Flow78.19M60.16M-44.88M52.19M27.27M-13.22M
Operating Cash Flow139.49M122.39M25.66M132.41M106.72M71.28M
Investing Cash Flow-74.12M-111.63M-42.08M-84.26M-75.44M-76.84M
Financing Cash Flow-59.11M-81.52M159.76M-11.54M-41.94M-4.83M

Grammer Technical Analysis

Technical Analysis Sentiment
Positive
Last Price10.30
Price Trends
50DMA
10.42
Positive
100DMA
9.37
Positive
200DMA
8.01
Positive
Market Momentum
MACD
0.34
Negative
RSI
71.70
Negative
STOCH
72.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:GMM, the sentiment is Positive. The current price of 10.3 is below the 20-day moving average (MA) of 11.06, below the 50-day MA of 10.42, and above the 200-day MA of 8.01, indicating a bullish trend. The MACD of 0.34 indicates Negative momentum. The RSI at 71.70 is Negative, neither overbought nor oversold. The STOCH value of 72.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:GMM.

Grammer Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
€17.02B28.3218.54%1.79%1.11%38.64%
70
Outperform
€177.32M6.4515.83%3.87%
70
Outperform
€1.01B14.3813.85%3.11%-0.42%35.52%
57
Neutral
€14.26B-53.48-6.46%3.81%-40.61%-117.79%
56
Neutral
€1.03B-200.73-0.62%2.66%31.52%-111.77%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
55
Neutral
€70.00M25.601.63%7.24%-6.65%-75.87%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DE:GMM
Grammer
13.20
6.55
98.50%
DE:PWO
Progress Werk Oberkirch
22.20
-4.25
-16.07%
DE:SFQ
SAF-HOLLAND SE
22.00
6.60
42.87%
DE:KBX
Knorr-Bremse AG
102.80
19.77
23.82%
DE:CON
Continental Aktiengesellschaft
70.86
16.17
29.57%
DE:JST
JOST Werke AG
60.90
9.36
18.15%
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 18, 2026