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LPKF Laser & Electronics
(XETRA:LPK)
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Rating:53Neutral
Price Target:
€10.50
▼(-18.92% Downside)
Action:Reiterated
Date:09/25/26
The score is held back primarily by weak financial performance, driven by declining TTM revenue and sizable losses, despite a comparatively solid balance sheet with low leverage and recently positive cash flow. Technicals are only mildly supportive with mixed momentum signals, and valuation is constrained by negative earnings and the absence of a dividend yield.
Positive Factors
Low Leverage
Contained leverage reduces financial risk and preserves flexibility while the company works through weak profitability. With no debt shown in TTM, LPK has less interest burden and refinancing exposure, supporting its ability to fund operations and pursue recovery without excessive balance-sheet pressure.
Negative Factors
Declining Revenue
Falling revenue signals weaker demand or reduced customer spending across LPKF’s laser-processing markets, limiting operating leverage and the company’s ability to absorb fixed costs. Unless growth resumes, continued top-line contraction could constrain investment, weaken market momentum, and delay a return to sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Contained leverage reduces financial risk and preserves flexibility while the company works through weak profitability. With no debt shown in TTM, LPK has less interest burden and refinancing exposure, supporting its ability to fund operations and pursue recovery without excessive balance-sheet pressure.
Read all positive factors
LPKF Laser & Electronics (LPK) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€273.14M
Dividend Yield0.47%
Average Volume (3M)243.54K
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue Growth-27.00%
EPS Growth-5153.47%
CountryDE
Employees609
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-1.06
Shares Outstanding24,496,546
10 Day Avg. Volume223,397
30 Day Avg. Volume243,541
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.75
Price to Sales (P/S)1.19
P/FCF Ratio9.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€23.50Price Target Upside81.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.31
Revenue Forecast (FY)€105.45M
LPKF Laser & Electronics Business Overview & Revenue Model
Company Description
LPKF Laser & Electronics AG, established in Garbsen, Germany, in 1976, specializes in the design and production of advanced laser-based systems for various technology sectors worldwide, spanning Germany, Europe, North America (including the United...
How the Company Makes Money
LPKF primarily makes money by selling capital equipment (laser-based manufacturing systems) to industrial customers, and by generating recurring and transactional revenue tied to the installed base of those systems. Key revenue streams typically i...
LPKF Laser & Electronics Earnings Call Summary
Earnings Call Date:Mar 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Neutral
The call presents a mixed picture: strong internal execution on cash, working capital and cost reduction (free cash flow +400%, working capital -34%, adjusted EBIT improvement) and clear positioning gains in advanced packaging and selected end markets (Welding, Rapid Prototyping). However, these positives are counterbalanced by material demand headwinds — notably in Solar (~1/3 of prior business lost), weak order intake (EUR 91.6m), a 47% fall in backlog, book-to-bill below 1, and geopolitical/tariff-driven delays. Management has secured financing, is executing restructuring, and expects ramp-ups in advanced packaging in coming years, but near-term revenue and profitability remain under pressure with conservative guidance for 2026.Positive Updates
Strong cash generation and working capital improvements
Free cash flow improved ~400% year-over-year driven by tighter receivables collection and overdue recovery; working capital improved by 34% YoY. DSO improved by ~40% and DIO reduced by ~10%, reflecting materially better asset management.
Negative Updates
Revenue decline and guidance at lower range
Full-year revenue of EUR 115.3 million, down 6.2% year-over-year and at the lower end of adjusted guidance; FY2026 guidance set conservatively at EUR 105–120 million.
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Q4-2025 Updates
Positive
Negative
Strong cash generation and working capital improvements
Free cash flow improved ~400% year-over-year driven by tighter receivables collection and overdue recovery; working capital improved by 34% YoY. DSO improved by ~40% and DIO reduced by ~10%, reflecting materially better asset management.
Read all positive updates
Company Guidance
Management guided FY2026 revenue of EUR 105–120 million with adjusted EBIT of –EUR 3.0 to +4.5 million and reiterated a target of a double‑digit EBIT margin by 2028 under the North Star program; FY2025 closed at EUR 115.3 million revenue (‑6.2% YoY) with adjusted EBIT improving to EUR 0.8 million (from EUR 0.1 million), order intake of EUR 91.6 million, and an order backlog down ~47% (book‑to‑bill <1). They reported a ~EUR 11 million restructuring hit in 2025, free cash flow up ~400%, working capital improvement of 34%, DSO reduction ~40%, DIO down ~10%, a 6% reduction in headcount, packaging sales in the low eight figures, Welding growth +30% YoY, Solar down roughly one‑third, >80% of advanced‑packaging customers qualifying LPKF equipment, Europe now <25% of sales, and a syndicated loan facility extended to 2028; management also flagged ARRALYZE costs largely taken out by Q1 and set a personal LIDE market‑share ambition of ~70%.LPKF Laser & Electronics Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
72
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 92.62M | 115.33M | 122.89M | 124.34M | 123.70M | 93.57M |
| Gross Profit | 9.72M | 12.80M | 21.98M | 85.93M | 84.55M | 68.39M |
| EBITDA | -12.04M | 4.22M | 5.83M | 12.82M | 15.14M | 7.62M |
| Net Income | -26.00M | -14.35M | -4.51M | 1.75M | 1.39M | -114.00K |
Balance Sheet | ||||||
| Total Assets | 101.75M | 111.15M | 131.59M | 148.47M | 138.38M | 132.24M |
| Cash, Cash Equivalents and Short-Term Investments | 3.98M | 10.04M | 5.05M | 10.68M | 12.79M | 15.17M |
| Total Debt | 11.24M | 5.31M | 8.03M | 13.61M | 3.45M | 5.20M |
| Total Liabilities | 37.81M | 33.05M | 39.83M | 53.36M | 44.48M | 40.04M |
| Stockholders Equity | 63.94M | 78.10M | 91.76M | 95.12M | 93.92M | 92.20M |
Cash Flow | ||||||
| Free Cash Flow | 10.84M | 14.53M | 6.64M | -11.07M | 206.00K | -764.00K |
| Operating Cash Flow | 12.61M | 15.31M | 9.43M | -3.37M | 8.50M | 7.92M |
| Investing Cash Flow | -5.67M | -6.61M | -7.48M | -7.74M | -8.24M | -8.62M |
| Financing Cash Flow | -1.72M | -914.00K | -12.98M | 8.71M | -3.09M | -5.24M |
LPKF Laser & Electronics Technical Analysis
Negative
12.95
Price Trends
13.66
Negative
16.21
Negative
14.04
Negative
Market Momentum
-0.70
Positive
35.83
Neutral
8.28
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:LPK, the sentiment is Negative. The current price of 12.95 is below the 20-day moving average (MA) of 14.07, below the 50-day MA of 13.66, and below the 200-day MA of 14.04, indicating a bearish trend. The MACD of -0.70 indicates Positive momentum. The RSI at 35.83 is Neutral, neither overbought nor oversold. The STOCH value of 8.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:LPK.
LPKF Laser & Electronics Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | €161.33M | 13.91 | 6.84% | 9.21% | -40.42% | -24.77% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €273.14M | -10.89 | -34.65% | 0.47% | -27.00% | -5153.47% | |
48 Neutral | €645.54M | -449.85 | -0.99% | 5.26% | -3.63% | -106.89% | |
46 Neutral | €103.11M | -49.02 | -1.09% | 1.98% | -8.60% | -107.57% | |
39 Underperform | €76.33M | -7.10 | 18.15% | ― | -6.77% | -47.94% |
* General Sector Average
DE:LPK
LPKF Laser & Electronics
10.55
3.42
47.97%
DE:AAG
Aumann AG
13.65
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20.53%
DE:MXHN
MAX Automation
2.49
-3.27
-56.77%
DE:TPE
PVA TePla
27.78
-1.34
-4.60%
DE:SNG
Singulus Technologies
11.45
10.23
834.69%
DE:DAR
Datron AG
10.20
2.50
32.50%
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.