MOBOTIX AG (MBQ) AI Stock Analysis

2 Followers

MOBOTIX AG

(XETRA:MBQ)

Select Model

Rating:48Neutral

Price Target:EUR 1.00▲(41.24% Upside)

Action:reiterated

Date:08/06/26

The score is held back primarily by weak core profitability (negative EBIT and very low gross margin) and soft technical positioning (below key short/medium-term moving averages with negative MACD). Balance-sheet repair and recent positive cash flow provide some support, but valuation is relatively high (P/E ~38) without a stated dividend yield.

Positive Factors

Balance-sheet repair / lower leverageMaterial debt reduction and a drop to roughly 0.22 debt-to-equity since 2022 materially improves financial flexibility. Lower leverage reduces refinancing risk, supports necessary capex and working capital, and provides a sturdier cushion against operating volatility over coming quarters.

Negative Factors

Weak core operating profitabilityEBIT remained negative through 2021–2025 while gross margin compressed to roughly 4.6% in 2025, indicating structural margin pressure. Persistent negative operating profitability suggests the core business lacks sufficient pricing or cost structure to deliver sustainable operating earnings.

MOBOTIX AG (MBQ) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 9.35M
Dividend Yield: ―
Average Volume (3M): 3,906
Price to Earnings (P/E): 23.6
Beta (1Y): 0.75
Revenue Growth: -11.34%
EPS Growth: ―
Country: Germany
Employees: 249
Sector: Industrials
Sector Strength: 63
Industry: Security & Protection Services

MOBOTIX AG Business Overview & Revenue Model

Company Description

Mobotix AG, founded in 1999 and headquartered in Winnweiler, Germany, is a global leader in the development and provision of intelligent IP-based video security systems. The company's extensive product line features a variety of camera solutions for...

How the Company Makes Money

MOBOTIX makes money primarily by selling video surveillance hardware and related solutions. The core revenue stream is the sale of IP video cameras (including specialized models for different environments and use cases) along with complementary compo...

MOBOTIX AG Financial Statement Overview

Summary

Balance sheet strength has improved meaningfully (debt reduced and debt-to-equity down to ~0.22 in 2025), and operating/free cash flow are positive in recent years. However, operating performance remains weak with negative EBIT across 2021–2025, a sharply compressed 2025 gross margin (~4.6%), and volatile revenue/cash-flow trends. The 2025 return to net profitability is a positive, but the gap versus negative EBIT raises earnings-quality concerns.

Income Statement

38Negative

Balance Sheet

66Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	48.72M	52.65M	50.00M	63.17M	56.04M	62.42M
Gross Profit	1.90M	2.42M	3.60M	37.64M	31.94M	34.74M
EBITDA	10.91M	-928.00K	1.41M	3.81M	-3.85M	3.04M
Net Income	386.00K	2.76M	-5.53M	-5.41M	-6.31M	-62.00K
Balance Sheet
Total Assets	66.76M	73.01M	76.82M	81.49M	87.96M	70.99M
Cash, Cash Equivalents and Short-Term Investments	2.90M	6.66M	1.31M	944.00K	2.27M	1.40M
Total Debt	2.40M	3.45M	8.09M	14.01M	38.67M	26.05M
Total Liabilities	12.55M	57.44M	63.94M	63.30M	64.22M	40.67M
Stockholders Equity	12.45M	15.57M	12.88M	18.19M	23.74M	30.32M
Cash Flow
Free Cash Flow	1.50M	1.50M	3.21M	-2.16M	-9.32M	-2.52M
Operating Cash Flow	1.73M	1.73M	3.71M	2.72M	-4.43M	3.07M
Investing Cash Flow	-6.20M	-6.20M	-7.42M	-6.29M	-6.67M	-5.58M
Financing Cash Flow	9.86M	9.86M	6.64M	25.75M	-10.45M	-2.95M

MOBOTIX AG Technical Analysis

Technical Analysis SentimentNegative

Last Price0.71

Price Trends

50DMA0.92Negative

100DMA1.04Negative

200DMA1.16Negative

Market Momentum

MACD-0.05Negative

RSI35.38Neutral

STOCH36.85Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:MBQ, the sentiment is Negative. The current price of 0.71 is below the 20-day moving average (MA) of 0.74, below the 50-day MA of 0.92, and below the 200-day MA of 1.16, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 35.38 is Neutral, neither overbought nor oversold. The STOCH value of 36.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:MBQ.

MOBOTIX AG Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

DE:MBQ against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:KRN	74Outperform	EUR 3.50B	11.59	13.87%	2.50%	2.35%	5.31%
DE:SIE	74Outperform	EUR 206.99B	27.00	12.21%	1.93%	3.60%	-18.55%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
DE:HAG	55Neutral	EUR 9.69B	59.02	16.12%	0.67%	15.96%	29.83%
DE:MXHN	48Neutral	EUR 94.45M	-44.34	-1.09%	―	-8.60%	-107.57%
DE:MBQ	48Neutral	EUR 9.32M	23.60	2.76%	―	-11.34%	―

* Industrials Sector Average

Performance Comparison

DE:MBQ and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:MBQ	MOBOTIX AG	0.71	-0.27	-27.76%
DE:KRN	Krones AG	111.80	-12.84	-10.30%
DE:MXHN	MAX Automation	2.27	-3.03	-57.17%
DE:SIE	Siemens Ag (UK)	277.00	54.73	24.62%
DE:S9I	STEMMER IMAGING AG	62.00	2.80	4.73%
DE:HAG	HENSOLDT AG	82.58	-1.05	-1.26%

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 06, 2026

MOBOTIX AG AI Stock Analysis