PSI AG fuer Produkte und Systeme der Informationstechnologie (PSAN) AI Stock Analysis

PSI AG fuer Produkte und Systeme der Informationstechnologie

(XETRA:PSAN)

Select Model

Rating:38Underperform

Price Target:EUR 42.00▼(-6.87% Downside)

Action:reiterated

Date:08/05/26

The deeply depressed overall score is primarily driven by the company's severe financial distress, highlighted by collapsing margins, substantial cash burn, and a dangerously debt-reliant capital structure. These fundamental risks are compounded by a lack of profitability and persistently bearish technical momentum, making the stock a high-risk proposition.

Positive Factors

Strong TTM revenue growthSustained, 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 marginsPersistent 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.

PSI AG fuer Produkte und Systeme der Informationstechnologie (PSAN) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 705.67M
Dividend Yield: ―
Average Volume (3M): 464
Price to Earnings (P/E): -17.5
Beta (1Y): 0.43
Revenue Growth: 3.41%
EPS Growth: -24001.85%
Country: Germany
Employees: 2,241
Sector: General
Sector Strength: 55
Industry: Software - Application

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. The...

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 gener...

PSI AG fuer Produkte und Systeme der Informationstechnologie Financial Statement Overview

Summary

Severe financial distress characterized by collapsing gross margins (from 32% to 9.9%), widening net losses, and negative operating cash flows. Stockholders' equity has eroded by nearly half while debt levels have tripled, resulting in a highly risky capital structure with a spiked debt-to-equity ratio.

Income Statement

15Very Negative

Balance Sheet

25Negative

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	284.09M	285.53M	260.84M	269.89M	247.94M	248.39M
Gross Profit	26.37M	22.92M	17.85M	69.99M	78.13M	79.92M
EBITDA	-13.47M	-20.67M	310.00K	21.09M	34.64M	38.56M
Net Income	-39.30M	-31.64M	-20.96M	324.00K	16.75M	15.84M
Balance Sheet
Total Assets	293.73M	278.06M	273.86M	283.15M	272.60M	284.12M
Cash, Cash Equivalents and Short-Term Investments	30.89M	27.29M	26.48M	50.48M	45.44M	67.48M
Total Debt	92.08M	80.33M	54.33M	39.81M	29.18M	27.90M
Total Liabilities	233.25M	210.89M	178.46M	171.43M	153.56M	169.41M
Stockholders Equity	60.47M	67.17M	95.40M	111.73M	119.04M	114.72M
Cash Flow
Free Cash Flow	-8.18M	9.52M	-27.41M	9.12M	-6.95M	33.36M
Operating Cash Flow	-2.98M	11.55M	-19.68M	16.78M	3.36M	38.75M
Investing Cash Flow	-10.34M	701.00K	-7.01M	-6.92M	-9.80M	-5.01M
Financing Cash Flow	13.03M	-13.29M	5.32M	-4.96M	-15.85M	-7.69M

PSI AG fuer Produkte und Systeme der Informationstechnologie Technical Analysis

Technical Analysis SentimentPositive

Last Price45.10

Price Trends

50DMA45.08Positive

100DMA45.18Negative

200DMA45.27Negative

Market Momentum

MACD-0.03Negative

RSI51.56Neutral

STOCH48.15Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:PSAN, the sentiment is Positive. The current price of 45.10 is above the 20-day moving average (MA) of 45.00, above the 50-day MA of 45.08, and below the 200-day MA of 45.27, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 51.56 is Neutral, neither overbought nor oversold. The STOCH value of 48.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:PSAN.

PSI AG fuer Produkte und Systeme der Informationstechnologie Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

DE:PSAN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:IVU	84Outperform	EUR 494.52M	32.87	16.60%	1.05%	10.44%	21.23%
DE:AOF	82Outperform	EUR 1.50B	29.29	55.52%	2.42%	12.01%	11.51%
DE:SAP	80Outperform	EUR 246.65B	29.80	17.84%	1.18%	7.92%	16.68%
DE:CSH	66Neutral	EUR 87.16M	13.99	12.95%	―	-0.58%	―
DE:MUM	64Neutral	EUR 567.24M	17.83	40.67%	11.87%	7.71%	5.31%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
DE:PSAN	38Underperform	EUR 735.97M	-17.48	-62.80%	―	3.41%	-24001.85%

* General Sector Average

Performance Comparison

DE:PSAN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:PSAN	PSI AG fuer Produkte und Systeme der Informationstechnologie	45.10	0.10	0.22%
DE:AOF	ATOSS Software	94.30	-16.03	-14.53%
DE:CSH	Cenit AG	8.68	1.72	24.71%
DE:IVU	IVU Traffic Technologies	28.60	8.84	44.71%
DE:SAP	SAP SE	211.25	-13.78	-6.12%
DE:MUM	Mensch und Maschine Software SE	33.70	-5.41	-13.83%

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 05, 2026

PSI AG fuer Produkte und Systeme der Informationstechnologie AI Stock Analysis