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Schweizer Electronic (SCE) AI Stock Analysis
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Schweizer Electronic
(XETRA:SCE)
Schweizer Electronic scores poorly, driven primarily by weak financial fundamentals: persistently negative operating cash flow (-€9.8M TTM), negative free cash flow, razor-thin gross margins and negative EBIT despite modest revenue growth. Reported net income appears inflated by non-operating items, undermining earnings credibility. Technicals compound the concern, with the share price below all key moving averages and negative MACD momentum confirming a sustained downtrend. The ultra-low P/E of 2.27 offers theoretical value appeal but reflects poor earnings quality rather than a mispricing, and the absence of a dividend removes any income cushion. The main positives — steady revenue growth and meaningful debt reduction from crisis levels — are not yet sufficient to offset the cash generation and profitability risks of an incomplete turnaround.
Schweizer Electronic (SCE) vs. iShares MSCI Germany ETF (EWG)
- Market Cap
- EUR 16.29M
- Dividend Yield
- ―
- Average Volume (3M)
- 2,224
- Price to Earnings (P/E)
- 2.5
- Beta (1Y)
- 0.74
- Revenue Growth
- 19.95%
- EPS Growth
- ―
- Country
- Germany
- Employees
- 448
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Schweizer Electronic Business Overview & Revenue Model
Company Description
Globally, Schweizer Electronic AG, along with its affiliated companies, specializes in the design, manufacturing, and distribution of printed circuit boards (PCBs). Its comprehensive product range encompasses power electronics solutions like inlay, h...
How the Company Makes Money
SCE primarily makes money by selling printed circuit boards (PCBs) and associated engineering/services to customers that require high-performance or specialized PCB solutions. Key revenue streams typically include: (1) Product revenue from PCB sales:...
Schweizer Electronic Financial Statement Overview
Summary
Financials remain weak despite turnaround progress. Revenue has grown steadily to €183M TTM, and aggressive deleveraging has cut debt to €21.6M with equity restored to roughly €23-27M from negative levels in 2022. However, core operations are still unprofitable, with a TTM EBIT margin of -3.7% and gross margins of only 4-5%, well below industry norms. Reported net income of €6.6M TTM appears driven by non-operating or non-cash items rather than operational strength. Cash flow is the biggest concern: operating cash flow of -€9.8M and free cash flow of -€10M TTM show profits are not converting into cash, raising questions about self-funding capability and the durability of the equity recovery.
Income Statement
28NegativeBalance Sheet
35NegativeCash Flow
18Very Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 182.92M | 173.10M | 144.55M | 139.44M | 131.05M | 122.66M |
| Gross Profit | 9.41M | 7.64M | 9.74M | 15.57M | -6.37M | -4.93M |
| EBITDA | -1.44M | -2.96M | -1.60M | 43.32M | -12.07M | -9.32M |
| Net Income | 6.57M | 4.96M | -9.05M | 32.89M | -33.52M | -26.19M |
Balance Sheet | ||||||
| Total Assets | 126.58M | 124.74M | 102.44M | 106.12M | 160.29M | 182.30M |
| Cash, Cash Equivalents and Short-Term Investments | 18.57M | 24.49M | 9.33M | 7.68M | 3.28M | 15.25M |
| Total Debt | 20.58M | 21.63M | 25.48M | 28.17M | 29.24M | 94.38M |
| Total Liabilities | 103.56M | 98.00M | 80.87M | 80.33M | 169.08M | 172.58M |
| Stockholders Equity | 23.02M | 26.74M | 21.57M | 25.79M | -6.55M | 9.72M |
Cash Flow | ||||||
| Free Cash Flow | -10.04M | -243.00K | 5.65M | 8.97M | -14.90M | -38.85M |
| Operating Cash Flow | -9.82M | -86.00K | 6.99M | 9.90M | -3.58M | -14.83M |
| Investing Cash Flow | 18.53M | 18.83M | -498.00K | 3.43M | -10.03M | 1.19M |
| Financing Cash Flow | -1.84M | -4.22M | -5.87M | -9.46M | 2.92M | 3.62M |
Schweizer Electronic Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:SCE, the sentiment is Neutral. The current price of 4.32 is above the 20-day moving average (MA) of 3.99, above the 50-day MA of 4.25, and below the 200-day MA of 5.80, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 58.07 is Neutral, neither overbought nor oversold. The STOCH value of 85.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:SCE.
Schweizer Electronic Peers Comparison
Overall Rating
DE:SMHN55Neutral
DE:DAM53.4Neutral
DE:V6C48Neutral
DE:FEV47Neutral
DE:LPK46Neutral- DE:SCE36Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| DE:SMHN | 55Neutral | EUR 973.94M | 35.14 | 8.73% | 0.08% | -15.45% | -51.36% |
| DE:DAM | 53Neutral | EUR 90.27M | -38.65 | -1.62% | 0.47% | -5.11% | -158.58% |
| DE:V6C | 48Neutral | EUR 55.92M | -6.46 | -19.63% | ― | -3.30% | -43.25% |
| DE:FEV | 47Neutral | EUR 36.40M | 58.55 | 0.78% | 3.57% | 1.87% | -182.96% |
| DE:LPK | 46Neutral | EUR 251.09M | -11.02 | -33.16% | ― | -26.24% | -2180.10% |
| DE:SCE | 36Underperform | EUR 16.29M | 2.50 | 30.21% | ― | 19.95% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DE:SCE | Schweizer Electronic | 4.32 | 1.20 | 38.46% | |
| DE:DAM | DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen | 25.60 | -3.14 | -10.94% | |
| DE:FEV | FORTEC Elektronik | 11.20 | 0.07 | 0.62% | |
| DE:LPK | LPKF Laser & Electronics | 10.25 | 3.47 | 51.20% | |
| DE:SMHN | Suss Microtec Se | 50.95 | 22.90 | 81.65% | |
| DE:V6C | Viscom AG | 6.20 | 1.36 | 28.10% |
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: Oct 24, 2026