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Hans-Werner Aufrecht AG
(XETRA:H9W)
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Rating:45Neutral
Price Target:
€2.50
▼(-18.30% Downside)
Action:Reiterated
Date:09/30/26
The score is primarily held down by weak financial performance (continued net losses, negative free cash flow, and elevated leverage despite improving operating cash flow). Technicals add a modest drag with the stock trading below key short- and mid-term moving averages, though momentum indicators suggest stabilization. Valuation is also challenged due to the negative P/E and lack of dividend yield data.
Positive Factors
Revenue Recovery
The return to revenue growth suggests demand and project activity recovered after a difficult prior year. If maintained, renewed top-line momentum can improve operating leverage, support resource utilization, and provide a foundation for rebuilding earnings over the next several quarters.
Negative Factors
Persistent Net Losses
Continued net losses show that the business has not yet converted its revenue base and stable gross margin into sustainable profitability. Although losses narrowed materially in 2025, ongoing negative earnings can restrict reinvestment capacity and make the turnaround dependent on further operating improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
The return to revenue growth suggests demand and project activity recovered after a difficult prior year. If maintained, renewed top-line momentum can improve operating leverage, support resource utilization, and provide a foundation for rebuilding earnings over the next several quarters.
Read all positive factors
Hans-Werner Aufrecht AG (H9W) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€51.18M
Dividend Yield2.62%
Average Volume (3M)1.52K
Price to Earnings (P/E)―
Beta (1Y)0.61
Revenue GrowthN/A
EPS GrowthN/A
CountryDE
Employees264
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.88
Shares Outstanding20,554,360
10 Day Avg. Volume1,215
30 Day Avg. Volume1,518
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)4.66
Price to Sales (P/S)0.45
P/FCF Ratio-12.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Hans-Werner Aufrecht AG Business Overview & Revenue Model
Company Description
Since its establishment in 1998, HWA AG, based in Affalterbach, Germany, has specialized in the development, engineering, and production of sophisticated technology for both competitive racing and road-going passenger cars. The company operates gl...
How the Company Makes Money
HWA generates revenue primarily through fee-for-service engineering and motorsport activities. Key revenue streams include: (1) Engineering and development services: contract engineering for automotive OEMs and partners, typically covering vehicle...
Hans-Werner Aufrecht AG Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
45
Neutral
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 75.40M | 66.41M | 85.83M | 93.83M | 85.80M |
| Gross Profit | 28.21M | 24.64M | 29.83M | 37.62M | 36.70M |
| EBITDA | -6.70M | -10.57M | 2.63M | 6.74M | 4.10M |
| Net Income | -9.10M | -20.96M | -469.60K | 1.87M | 620.00K |
Balance Sheet | |||||
| Total Assets | 53.04M | 41.08M | 53.77M | 62.67M | 59.05M |
| Cash, Cash Equivalents and Short-Term Investments | 2.07M | 5.07M | 4.21M | 2.07M | 2.84M |
| Total Debt | 13.47M | 18.59M | 17.28M | 18.53M | 26.47M |
| Total Liabilities | 45.80M | 30.24M | 29.01M | 37.40M | 39.95M |
| Stockholders Equity | 7.23M | 10.84M | 24.76M | 25.28M | 19.10M |
Cash Flow | |||||
| Free Cash Flow | -2.62M | -5.86M | -10.46M | 3.25M | 6.39M |
| Operating Cash Flow | 16.52M | 1.63M | -9.98M | 3.70M | 6.97M |
| Investing Cash Flow | -19.13M | -7.49M | 14.63M | -271.00K | 1.65M |
| Financing Cash Flow | 2.76M | 9.11M | -990.00K | -4.91M | -8.19M |
Hans-Werner Aufrecht AG Technical Analysis
Negative
3.06
Price Trends
2.61
Negative
2.51
Negative
2.40
Negative
Market Momentum
-0.02
Positive
34.96
Neutral
4.60
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:H9W, the sentiment is Negative. The current price of 3.06 is above the 20-day moving average (MA) of 2.60, above the 50-day MA of 2.61, and above the 200-day MA of 2.40, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 34.96 is Neutral, neither overbought nor oversold. The STOCH value of 4.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:H9W.
Hans-Werner Aufrecht AG Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | €242.88M | 6.92 | 15.83% | 2.28% | 3.87% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | €69.38M | 25.37 | 1.63% | 7.50% | -6.65% | -75.87% | |
51 Neutral | €88.12M | -1.78 | -16.20% | 2.65% | -14.82% | 44.17% | |
45 Neutral | €51.18M | -2.63 | -154.48% | 2.62% | ― | ― | |
43 Neutral | €113.25M | -1.97 | -36.96% | 5.09% | -10.23% | -8.88% | |
32 Underperform | €3.39M | -15.23 | 4.18% | 1.00% | -18.30% | ― |
* Consumer Cyclical Sector Average
DE:H9W
Hans-Werner Aufrecht AG
2.31
-0.27
-10.33%
DE:BDT
Bertrandt
8.50
-9.58
-52.99%
DE:ED4
EDAG Engineering
3.02
-3.76
-55.46%
DE:GMM
Grammer
15.30
8.85
137.21%
DE:PGN
Paragon
0.75
-2.17
-74.38%
DE:PWO
Progress Werk Oberkirch
22.00
-5.76
-20.76%
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.