Plan Optik AG (P4O) AI Stock Analysis

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Plan Optik AG

(XETRA:P4O)

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Rating:54Neutral

Price Target:EUR 8.00▲(0.25% Upside)

Action:upgraded

Date:09/26/26

Plan Optik AG's overall score is significantly weighed down by severe valuation risks and deteriorating financial performance, notably declining revenues and negative cash flow. While technical indicators demonstrate strong recent upward price momentum and the balance sheet remains adequately capitalized, the extreme P/E ratio and weak operating cash generation highlight substantial underlying vulnerabilities.

Positive Factors

Specialized Microtechnology NichePlan Optik operates in specialized, precision-oriented microtechnology markets rather than commodity manufacturing. Its components support semiconductor, packaging, MEMS, and microsystems applications, creating a technically focused business base that can remain relevant as advanced electronics adoption expands.

Negative Factors

Recent Revenue and Profit DeclineRecent contraction in revenue has coincided with a shift from profitability to a small net loss, weakening the company’s earnings base. If this trend persists, lower scale and reduced internal funding could limit reinvestment capacity and make future results more dependent on market recovery.

Plan Optik AG (P4O) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 36.05M
Dividend Yield: ―
Average Volume (3M): 9,470
Price to Earnings (P/E): 445.8
Beta (1Y): 0.66
Revenue Growth: -1.71%
EPS Growth: -82.29%
Country: Germany
Employees: 98
Sector: Technology
Sector Strength: 61
Industry: Hardware, Equipment & Parts

Plan Optik AG Business Overview & Revenue Model

Company Description

Headquartered in Elsoff, Germany, Plan Optik AG is a German manufacturer and supplier of structured wafers. Their extensive product portfolio includes a diverse range of substrate wafers, such as borosilicate, quartz, fused silica, and alkaline-free...

How the Company Makes Money

Plan Optik AG makes money primarily by producing and selling microstructured components and wafers to industrial customers, especially in semiconductor and microsystems-related value chains. Revenue is generated through (1) product sales of microstru...

Plan Optik AG Financial Statement Overview

Summary

The company maintains a stable balance sheet with conservative leverage, but operational and cash flow metrics have deteriorated rapidly. Recent top-line contraction, severely compressing gross margins, and negative free cash flow present substantial fundamental risks.

Income Statement

35Negative

Balance Sheet

65Positive

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	11.61M	11.27M	11.86M	13.25M	11.47M	9.47M
Gross Profit	3.35M	3.38M	10.13M	11.27M	4.67M	3.65M
EBITDA	1.77M	1.72M	2.53M	3.11M	2.75M	1.74M
Net Income	81.00K	-59.00K	700.38K	1.67M	1.37M	689.05K
Balance Sheet
Total Assets	19.60M	18.56M	16.52M	16.21M	15.03M	14.12M
Cash, Cash Equivalents and Short-Term Investments	3.61M	3.73M	5.21M	4.72M	2.88M	4.08M
Total Debt	5.22M	4.32M	1.86M	2.55M	3.50M	4.13M
Total Liabilities	6.81M	5.87M	3.73M	4.13M	5.55M	6.01M
Stockholders Equity	12.79M	12.69M	12.79M	12.09M	9.48M	8.11M
Cash Flow
Free Cash Flow	-1.66M	-1.32M	1.10M	1.88M	-627.00K	-62.00K
Operating Cash Flow	827.00K	126.00K	1.65M	2.68M	448.00K	1.22M
Investing Cash Flow	-1.72M	-712.00K	-436.00K	-788.00K	-1.07M	-1.29M
Financing Cash Flow	387.00K	-893.00K	-725.00K	-56.00K	-580.00K	1.96M

Plan Optik AG Technical Analysis

Technical Analysis SentimentNeutral

Last Price7.98

Price Trends

50DMA8.16Negative

100DMA8.13Negative

200DMA8.21Negative

Market Momentum

MACD-0.08Negative

RSI49.31Neutral

STOCH57.81Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:P4O, the sentiment is Neutral. The current price of 7.98 is above the 20-day moving average (MA) of 7.86, below the 50-day MA of 8.16, and below the 200-day MA of 8.21, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 49.31 is Neutral, neither overbought nor oversold. The STOCH value of 57.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:P4O.

Plan Optik AG Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

DE:P4O against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:BSL	74Outperform	EUR 737.12M	19.07	25.63%	0.46%	32.06%	869.00%
DE:JEN	72Outperform	EUR 2.07B	20.75	9.74%	1.11%	4.05%	37.55%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
DE:M7U	55Neutral	EUR 147.14M	43.92	3.42%	―	1.32%	―
DE:P4O	54Neutral	EUR 36.05M	445.81	0.64%	―	-1.71%	-82.29%
DE:DAM	53Neutral	EUR 83.22M	40.16	1.42%	0.51%	0.64%	―
DE:V6C	52Neutral	EUR 55.92M	-9.12	-13.67%	―	8.91%	10.23%

* Technology Sector Average

Performance Comparison

DE:P4O and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:P4O	Plan Optik AG	7.98	3.84	92.75%
DE:BSL	Basler AG	23.80	8.42	54.75%
DE:DAM	DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen	23.60	-4.35	-15.57%
DE:JEN	Jenoptik AG	36.10	16.58	84.95%
DE:V6C	Viscom AG	6.20	1.32	27.05%
DE:M7U	Nynomic AG	22.40	11.45	104.57%

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: Sep 26, 2026

Plan Optik AG AI Stock Analysis