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hGears AG
(XETRA:HGEA)
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Rating:40Underperform
Price Target:
€0.47
▼(-43.93% Downside)
Action:Downgraded
Date:09/10/26
The score is driven primarily by very weak financial performance: declining revenue, negative gross profit and large net losses, equity erosion, and negative operating cash flow. Technicals add downside risk with the stock trading below all key moving averages and a negative MACD, despite oversold RSI/Stoch readings. Valuation is difficult to support because the P/E is negative and no dividend yield is provided.
Positive Factors
Diversified End-Market Exposure
Serving several end markets gives hGears multiple demand channels rather than reliance on one application. Its precision gears and drivetrain components are integrated into OEM products, supporting relevance across e-mobility, automotive, and industrial programs over time.
Negative Factors
Persistent Revenue Contraction
The multi-year revenue decline indicates weakening demand, lower customer volumes, or an unfavorable program mix rather than a single quarterly fluctuation. Continued contraction would reduce manufacturing utilization and make it harder to absorb fixed costs across the production base.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified End-Market Exposure
Serving several end markets gives hGears multiple demand channels rather than reliance on one application. Its precision gears and drivetrain components are integrated into OEM products, supporting relevance across e-mobility, automotive, and industrial programs over time.
Read all positive factors
hGears AG (HGEA) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€5.12M
Dividend YieldN/A
Average Volume (3M)6.21K
Price to Earnings (P/E)―
Beta (1Y)0.20
Revenue Growth-6.08%
EPS Growth-37.43%
CountryDE
Employees562
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-2.58
Shares Outstanding10,400,000
10 Day Avg. Volume13,024
30 Day Avg. Volume6,213
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.68
Price to Sales (P/S)0.18
P/FCF Ratio-6.02
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)-1.04
Revenue Forecast (FY)€93.00M
hGears AG Business Overview & Revenue Model
Company Description
Operating as a global specialist, hGears AG excels in the development, manufacturing, and provision of precision components, sub-systems, and comprehensive system solutions. Its portfolio encompasses a wide array of items, such as gears, sprockets...
How the Company Makes Money
hGears makes money primarily by manufacturing and selling precision gear and drivetrain components to business customers (typically OEMs and Tier suppliers) under supply agreements. Revenue is generated from (1) serial production of components for...
hGears AG Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
22
Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 89.03M | 91.82M | 95.71M | 112.47M | 135.33M | 134.91M |
| Gross Profit | -14.87M | -16.63M | 41.92M | 55.96M | 70.68M | 76.39M |
| EBITDA | 1.08M | 1.11M | -3.71M | 923.00K | 12.00M | 19.08M |
| Net Income | -26.87M | -27.84M | -21.17M | -13.79M | -841.00K | 2.35M |
Balance Sheet | ||||||
| Total Assets | 71.76M | 76.27M | 107.02M | 136.75M | 157.01M | 156.38M |
| Cash, Cash Equivalents and Short-Term Investments | 7.24M | 8.68M | 17.13M | 26.60M | 37.28M | 47.25M |
| Total Debt | 26.03M | 27.17M | 26.32M | 29.82M | 34.35M | 35.79M |
| Total Liabilities | 52.38M | 51.91M | 54.14M | 63.00M | 68.87M | 67.72M |
| Stockholders Equity | 19.39M | 24.36M | 52.88M | 73.74M | 88.14M | 88.66M |
Cash Flow | ||||||
| Free Cash Flow | 1.57M | -2.77M | -6.31M | -4.13M | -5.68M | -4.04M |
| Operating Cash Flow | 1.09M | -2.77M | -4.86M | 4.11M | 7.42M | 10.15M |
| Investing Cash Flow | -3.33M | -2.97M | -641.00K | -8.10M | -14.10M | -13.90M |
| Financing Cash Flow | -157.00K | -2.33M | -4.13M | -5.43M | -4.20M | 27.19M |
hGears AG Technical Analysis
Negative
0.84
Price Trends
0.80
Negative
0.86
Negative
1.08
Negative
Market Momentum
-0.07
Positive
18.27
Positive
13.25
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:HGEA, the sentiment is Negative. The current price of 0.84 is above the 20-day moving average (MA) of 0.76, above the 50-day MA of 0.80, and below the 200-day MA of 1.08, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 18.27 is Positive, neither overbought nor oversold. The STOCH value of 13.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:HGEA.
hGears AG Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | €333.91M | 13.05 | 4.13% | 2.85% | -0.34% | ― | |
53 Neutral | €14.10B | -53.22 | -6.46% | 3.83% | -40.61% | -117.79% | |
51 Neutral | €86.71M | -1.80 | -16.20% | 2.65% | -14.82% | 44.17% | |
44 Neutral | €6.79B | -18.41 | -12.76% | 4.17% | 7.15% | 67.32% | |
43 Neutral | €111.38M | -1.93 | -36.96% | 5.09% | -10.23% | -8.88% | |
40 Underperform | €5.12M | -0.19 | -122.86% | ― | -6.08% | -37.43% |
* Consumer Cyclical Sector Average
DE:HGEA
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DE:ED4
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DE:CON
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70.52
17.68
33.46%
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.