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LPKF Laser & Electronics SE (LPK) Fair Value & Analysis

Industrials · DE · Market cap €426M

LL LPKF Laser & Electronics SE LPK · XETRA
Price€15.05
Fair Value€2.43
Upside-83.9%
Quality58/100
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Mixed Growth
Loss-making · -15.2% net margin
Low debt · generates free cash flow
Trails peers (3/12)
Narrow moat 15/100
Evidence: Medium Range €1.87 – €3.00 Share as image

Fair value as of: Aug 13, 2026

From 10 valuation models · updated yesterday

Share price −11.5% over the past month.

A solid business, but screening 84% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€3.00). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€30.00 €5.35 Fair Value €2.43 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €5.35 – €30.00 · fair‑value band €1.87 – €3.00 · the €15.05 price screens above the €2.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

LPKF Laser & Electronics SE (LPK) currently trades at €15.05, while our model-based Fair Value estimate is €2.43, implying the stock looks roughly 83.9% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, LPKF Laser & Electronics SE generated revenue of €115M at a net margin of -15.2%. Revenue declined 31.4% year over year. It earns a return on equity of -22.0%. The balance sheet holds a net cash position of €4.7M. Fundamentals as of Aug 13, 2026

Our scenario range runs from €1.87 (bear case) to €3.00 (bull case); at €15.05, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 50% below its 52-week high and 181% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at -84%, LPK screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF €5.81 €7.60 €9.74 80
Rev-Margin DCF €5.58 €8.23 €11.13 74
EV/EBITDA €2.09 €2.65 €3.21 54
All 10 models by family
DCF Models
FCF DCF €5.74 €7.72 €10.23 38
5Y Revenue Exit €5.58 €8.17 €11.36 39
5Y EBITDA Exit €3.47 €4.37 €5.32 41
10Y Revenue Exit €5.46 €7.66 €10.39 36
10Y EBITDA Exit €4.38 €5.29 €6.33 37
Multiples
EV/EBITDA €2.09 €2.65 €3.21 54
EV/Revenue €5.81 €8.12 €10.43 43
Asset-Based
NCAV (Graham) €1.59 €2.14 €3.19 50
Growth DCF
Growth DCF €5.81 €7.60 €9.74 80
Rev-Margin DCF €5.58 €8.23 €11.13 74

Widest divergence: DCF Models (€7.66) versus Asset-Based (€2.14). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €115M
Revenue growth (YoY) -31.4%
Net margin -15.2%
Return on equity -22.0%
Free cash flow €14.5M FY2025
Operating margin -36.7%
More key figures
EPS (TTM) €-0.7000
EPS growth (YoY) -40.7%
Net cash €4.7M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 61 · Market factors (momentum, volatility) 51

Profitability 20
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

LPKF Laser & Electronics SE, together with its subsidiaries, develops, manufactures, and sells laser-based solutions for the technology industry worldwide. The company operates through four segments: Development, Electronics, Welding, and Solar.

Full company description

LPKF Laser & Electronics SE, together with its subsidiaries, develops, manufactures, and sells laser-based solutions for the technology industry worldwide. The company operates through four segments: Development, Electronics, Welding, and Solar. The Development segment supplies electronic equipment for manufacturing and assembly of printed circuit board prototypes for public organizations, such as research institutes, universities, and schools, as well as development departments of industrial companies. The Electronics segment provides production systems for cutting print stencils and laser systems for cutting and drilling of rigid and flexible circuit boards. This segment consists of laser induced deep etching (LIDE) technology that develops and sells laser systems for high-precision structuring of thin glass; and production of glass components. The Welding segment comprises laser systems, and thermal process monitoring and software for welding plastics; develops and sells standardized standalone and integration systems; and tailored solutions for customers. The Solar segment develops and produces laser scribers that are used in structuring thin-film solar cells for various thin-film technologies for solar cell manufacturers; and offers laser systems for the digital printing of functional pastes and inks. Its products are used in the electronics, automotive supply, solar, and semiconductor industries, as well as medical technology, biotechnology, research institutions, and universities. LPKF Laser & Electronics SE was founded in 1976 and is headquartered in Garbsen, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

LPKF Laser & Electronics SE reported revenue of €115M in FY2025 versus €93.6M in FY2021, a compound +5.4%/yr. Reported net income was −€14.4M in FY2025.

Growth Quality 37/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€115M
Latest YoY
−6.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.7%
Avg. growth/yr (23Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.5%
Revenue +5.4%/yr
FY21 €93.6M
FY22 €124M
FY23 €124M
FY24 €123M
FY25 €115M
Net income
FY21 −€114K
FY22 €1.4M
FY23 €1.8M
FY24 −€4.5M
FY25 −€14.4M

LPK screens 84% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "LPKF Laser & Electronics SE Fair Value". https://www.fairvalue-calculator.com/stock/LPK

Peer Group

Specialty Industrial Machinery · 807 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Above median
Fair Value upside −84% · Bottom 25%
Return on assets -6% · Bottom 25%
Net margin (TTM) -15% · Bottom 25%
Operating margin (TTM) -37% · Bottom 25%
Revenue growth -31% · Bottom 25%

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/B 6.32× · Pricier than 75% of peers
P/S (TTM) 4.30× · Pricier than 75% of peers
P/FCF 34.0× · Pricier than 75% of peers
PEG 0.91× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 22
PAST 0 · sector 28
HEALTH 100 · sector 96
DIVIDEND 0 · sector 24

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Zhejiang Sanhua Intelligent Controls Co 002050 ¥39.17 ¥22.68 -42%
NARI Technology Co 600406 ¥24.06 ¥18.71 -22%
ABB India Limited ABB ₹7,700 ₹1,322 -83%
Cummins India Limited CUMMINSIND ₹5,315 ₹1,355 -75%
Bharat Heavy Electricals Limited BHEL ₹420.00 ₹96.51 -77%

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Frequently asked questions

Is LPKF Laser & Electronics SE (LPK) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €2.43 versus a price of €15.05, about −84% (overvalued).
What is the fair value of LPK?
Our model-based fair value for LPKF Laser & Electronics SE is €2.43 (as of Aug 13, 2026), built from audited fundamentals. The current price is €15.05.
What is the quality score of LPK?
LPKF Laser & Electronics SE has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of LPKF Laser & Electronics SE (LPK)?
LPKF Laser & Electronics SE reported trailing-twelve-month revenue of about €115M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of LPK?
The net profit margin of LPKF Laser & Electronics SE is about -15.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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