KHD Humboldt Wedag (KWG) AI Stock Analysis

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KHD Humboldt Wedag

(XETRA:KWG)

Select Model

Rating:65Neutral

Price Target:EUR 2.00▲(2.56% Upside)

Action:downgraded

Date:11/07/26

The company's strong financial foundation, marked by a pristine balance sheet and robust cash generation, is the primary support for the score. This is offset by significant technical weakness, with the stock trading below key moving averages and showing negative momentum. A low P/E ratio provides a valuation cushion, but the recent revenue decline and bearish technicals present near-term headwinds.

Positive Factors

Conservative Balance SheetVery low leverage reduces financial strain and preserves flexibility during cyclical cement-equipment markets. A stronger equity base can support project execution, investment in technology, and working-capital needs without relying heavily on additional borrowing.

Negative Factors

Recent Revenue ContractionRecent top-line contraction signals weaker project activity or delivery momentum and reduces operating leverage across the business. Continued revenue pressure could constrain investment capacity, weaken utilization of engineering resources, and delay a durable recovery in earnings growth.

KHD Humboldt Wedag (KWG) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 105.37M
Dividend Yield: ―
Average Volume (3M): 2,077
Price to Earnings (P/E): 9.4
Beta (1Y): 0.56
Revenue Growth: 0.40%
EPS Growth: -29.61%
Country: Germany
Employees: 1,140
Sector: Industrials
Sector Strength: 63
Industry: Industrial - Distribution

KHD Humboldt Wedag Business Overview & Revenue Model

Company Description

KHD Humboldt Wedag International AG specializes in delivering engineering solutions and advanced equipment to the global cement industry. Its operations are segmented into Capital Expenditure (Capex) and Plant Services. The company's expertise encomp...

How the Company Makes Money

KHD Humboldt Wedag (KWG) makes money primarily by selling cement-plant and minerals-processing technology, equipment, and related engineering and services across the project lifecycle. Its revenue model typically includes: (1) Capital project revenue...

KHD Humboldt Wedag Financial Statement Overview

Summary

The company demonstrates solid financial health with a robust, low-leverage balance sheet (debt-to-equity 0.07) and consistent positive cash flow that exceeds net income, indicating high-quality earnings. Profitability has been restored over the past three years. The primary concern is a 15% revenue decline, which tempers the otherwise strong performance.

Income Statement

65Positive

Balance Sheet

85Very Positive

Cash Flow

75Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	210.50M	177.92M	218.13M	224.68M	210.37M	226.26M
Gross Profit	45.02M	41.51M	44.04M	31.96M	27.58M	19.30M
EBITDA	19.43M	15.85M	19.48M	10.30M	7.92M	4.06M
Net Income	10.54M	6.93M	10.57M	4.28M	283.00K	-1.14M
Balance Sheet
Total Assets	266.59M	250.60M	255.06M	237.45M	254.01M	303.70M
Cash, Cash Equivalents and Short-Term Investments	95.25M	91.04M	92.16M	127.35M	138.55M	66.78M
Total Debt	9.19M	7.60M	6.49M	8.08M	34.60M	28.10M
Total Liabilities	155.28M	144.94M	147.55M	142.48M	161.62M	212.99M
Stockholders Equity	110.81M	105.15M	107.01M	94.47M	91.90M	90.20M
Cash Flow
Free Cash Flow	3.77M	12.34M	11.08M	14.17M	-21.65M	-8.96M
Operating Cash Flow	8.49M	16.73M	13.21M	16.66M	-17.89M	-6.74M
Investing Cash Flow	-26.54M	-38.99M	503.00K	17.25M	-5.08M	9.09M
Financing Cash Flow	-1.85M	-2.16M	-1.76M	-27.20M	-1.67M	-1.61M

KHD Humboldt Wedag Technical Analysis

Technical Analysis SentimentNegative

Last Price1.95

Price Trends

50DMA2.07Negative

100DMA2.01Negative

200DMA1.89Positive

Market Momentum

MACD-0.02Negative

RSI41.73Neutral

STOCH48.72Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:KWG, the sentiment is Negative. The current price of 1.95 is below the 20-day moving average (MA) of 1.99, below the 50-day MA of 2.07, and above the 200-day MA of 1.89, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 41.73 is Neutral, neither overbought nor oversold. The STOCH value of 48.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:KWG.

KHD Humboldt Wedag Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

DE:KWG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:WAC	77Outperform	EUR 1.57B	13.24	7.73%	3.06%	14.03%	166.14%
DE:KSB	73Outperform	EUR 1.51B	97.88	0.13%	2.97%	1.66%	11.38%
DE:KWG	65Neutral	EUR 97.92M	9.41	9.76%	―	0.40%	-29.61%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
DE:DEZ	55Neutral	EUR 2.40B	20.35	7.06%	1.85%	10.18%	77.83%
DE:KGX	53Neutral	EUR 4.60B	12.07	5.87%	1.81%	3.11%	36.25%
DE:TKA	50Neutral	EUR 7.86B	27.06	3.04%	1.09%	-2.22%	―

* Industrials Sector Average

Performance Comparison

DE:KWG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:KWG	KHD Humboldt Wedag International AG	1.95	0.20	11.43%
DE:DEZ	Deutz AG	9.57	1.97	25.92%
DE:KGX	KION GROUP AG	33.90	-27.62	-44.89%
DE:KSB	KSB (0BQD)	902.00	-30.17	-3.24%
DE:TKA	thyssenkrupp AG	12.45	4.02	47.63%
DE:WAC	Wacker Neuson	20.60	3.27	18.84%

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 07, 2026

KHD Humboldt Wedag AI Stock Analysis