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PSI AG fuer Produkte und Systeme der Informationstechnologie
(XETRA:PSAN)
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Rating:43Neutral
Price Target:
€43.00
▼(-5.49% Downside)
Action:Reiterated
Date:08/05/26
The score is held down primarily by weak financial performance—ongoing losses, rising leverage, and a return to negative operating/free cash flow in TTM. Technicals are largely neutral with only mild weakness (slightly negative MACD), and valuation remains unattractive on conventional measures due to a negative P/E and no dividend yield data.
Positive Factors
Strong TTM revenue growth
Sustained, large top-line growth indicates meaningful customer demand and product-market fit in PSI’s target verticals. Over 2-6 months this growth provides expanded recurring and project revenue pools to scale platform economics and fund investments that can improve long-term margins if cost discipline follows.
Negative Factors
Sustained losses & negative margins
Persistent negative EBIT and net margins reduce retained earnings and impair the company’s ability to self-finance growth initiatives. Without a clear, sustained pathway to margin recovery, operating losses will continue to erode equity and constrain investments in product development and sales necessary for long-term competitiveness.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong TTM revenue growth
Sustained, large top-line growth indicates meaningful customer demand and product-market fit in PSI’s target verticals. Over 2-6 months this growth provides expanded recurring and project revenue pools to scale platform economics and fund investments that can improve long-term margins if cost discipline follows.
Read all positive factors
PSI AG fuer Produkte und Systeme der Informationstechnologie (PSAN) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€740.87M
Dividend YieldN/A
Average Volume (3M)62.27K
Price to Earnings (P/E)―
Beta (1Y)0.44
Revenue Growth3.41%
EPS Growth-24001.85%
CountryDE
Employees2,241
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-2.58
Shares Outstanding16,341,810
10 Day Avg. Volume179,060
30 Day Avg. Volume62,273
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)10.41
Price to Sales (P/S)2.45
P/FCF Ratio73.44
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)<0.01
Revenue Forecast (FY)€313.66M
PSI AG fuer Produkte und Systeme der Informationstechnologie Business Overview & Revenue Model
Company Description
PSI Software AG is a global developer and vendor of software systems and products, serving a diverse range of industries including energy supply, manufacturing, infrastructure, software technology, internet applications, and business consulting. T...
How the Company Makes Money
PSI makes money mainly by selling enterprise software and associated services to business and public-sector customers in its target verticals (notably energy/utilities, manufacturing, and transport/logistics/infrastructure). Key revenue streams ge...
PSI AG fuer Produkte und Systeme der Informationstechnologie Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
38
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 291.04M | 285.53M | 260.84M | 269.89M | 247.94M | 248.39M |
| Gross Profit | 29.01M | 22.92M | 17.85M | 69.99M | 78.13M | 79.92M |
| EBITDA | -12.04M | -20.67M | 310.00K | 21.09M | 34.64M | 38.56M |
| Net Income | -40.23M | -31.64M | -20.96M | 324.00K | 16.75M | 15.84M |
Balance Sheet | ||||||
| Total Assets | 285.20M | 278.06M | 273.86M | 283.15M | 272.60M | 284.12M |
| Cash, Cash Equivalents and Short-Term Investments | 24.13M | 27.29M | 26.48M | 50.48M | 45.44M | 67.48M |
| Total Debt | 89.48M | 80.33M | 54.33M | 39.81M | 29.18M | 27.90M |
| Total Liabilities | 227.15M | 210.89M | 178.46M | 171.43M | 153.56M | 169.41M |
| Stockholders Equity | 58.05M | 67.17M | 95.40M | 111.73M | 119.04M | 114.72M |
Cash Flow | ||||||
| Free Cash Flow | -4.85M | 9.52M | -27.41M | 9.12M | -6.95M | 33.36M |
| Operating Cash Flow | -2.01M | 11.55M | -19.68M | 16.78M | 3.36M | 38.75M |
| Investing Cash Flow | -9.59M | 701.00K | -7.01M | -6.92M | -9.80M | -5.01M |
| Financing Cash Flow | 4.65M | -13.29M | 5.32M | -4.96M | -15.85M | -7.69M |
PSI AG fuer Produkte und Systeme der Informationstechnologie Technical Analysis
Negative
45.50
Price Trends
45.27
Negative
45.32
Negative
45.26
Negative
Market Momentum
-0.10
Negative
48.54
Neutral
60.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:PSAN, the sentiment is Negative. The current price of 45.5 is above the 20-day moving average (MA) of 45.12, above the 50-day MA of 45.27, and above the 200-day MA of 45.26, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 48.54 is Neutral, neither overbought nor oversold. The STOCH value of 60.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:PSAN.
PSI AG fuer Produkte und Systeme der Informationstechnologie Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | €1.47B | 29.22 | 55.52% | 3.00% | 12.01% | 11.51% | |
77 Outperform | €414.99M | 29.68 | 15.97% | 1.31% | 11.74% | 16.58% | |
77 Outperform | €213.08B | 27.14 | 17.98% | 1.78% | 6.42% | 22.22% | |
66 Neutral | €611.01M | 18.65 | 40.19% | 11.36% | -8.23% | 10.46% | |
60 Neutral | €57.40M | 11.12 | 12.95% | ― | -0.58% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
43 Neutral | €740.87M | -17.44 | -53.99% | ― | 3.41% | -24001.85% |
* General Sector Average
DE:PSAN
PSI AG fuer Produkte und Systeme der Informationstechnologie
45.00
17.80
65.44%
DE:AOF
ATOSS Software
94.10
-7.29
-7.19%
DE:CSH
Cenit AG
6.90
-0.40
-5.48%
DE:IVU
IVU Traffic Technologies
24.50
3.28
15.44%
DE:SAP
SAP SE
185.90
-42.38
-18.56%
DE:MUM
Mensch und Maschine Software SE
36.75
-11.02
-23.06%
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.