MAX Automation SE (MXHN) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of MAX Automation SE €6.42, price €3.21, upside +100.0%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
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MAX Automation SE
MXHN · XETRACheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €3.10 – €6.34 · fair‑value band €4.91 – €8.21 · the €3.21 price screens below the €6.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
MAX Automation SE, together with its subsidiaries, engages in the provision of automation solutions for the automotive, electrical, recycling, raw materials recovery, packaging, and medical technology industries. It operates in six segments: bdtronic Group, Vecoplan Group, AIM Micro, NSM + Jücker, and ELWEMA.
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MAX Automation SE, together with its subsidiaries, engages in the provision of automation solutions for the automotive, electrical, recycling, raw materials recovery, packaging, and medical technology industries. It operates in six segments: bdtronic Group, Vecoplan Group, AIM Micro, NSM + Jücker, and ELWEMA. The bdtronic Group segment develops, manufactures, and markets process solutions in the form of machines and systems with integrated software solutions for high-precision manufacturing processes for the automotive, electronics, and medical technology industries. Its Vecoplan Group segment develops, manufactures, and installs machines and systems for the shredding, conveying, and processing of primary and secondary raw materials for customers in wood and recycling, waste disposal, and paper and plastics industries. The AIM Micro segment develops, manufactures, and markets technologies for the manufacture of optoelectronic modules and micro-optical components for customers in the medical technology and sensor industry, as well as the aerospace industry. Its NSM + Jücker segment provides system solutions for metal parts, including automation solutions for pressing plants, and customized solutions for high-performance transport systems for cans, lids, and closures in the manufacturing and filling industry; and supplies measurement and control technology, and related software for automation processes and systems in drive and automation technology. The ELWEMA segment develops and implements solutions in testing, assembly, and cleaning technology for automotive industry. It is also involved in real estate activities. The company operates in Germany, European Union, North America, China, and internationally. The company was formerly known as MAX Automation AG and changed its name to MAX Automation SE in February 2018. MAX Automation SE was founded in 1990 and is headquartered in Hamburg, Germany.
Stock analysis
MAX Automation SE (MXHN) currently trades at €3.21, while our model-based Fair Value estimate is €6.42, implying the stock looks roughly 50.0% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €6.47 per share, and 8 of the 11 models we run sit above the €3.21 price.
Bear case: the Multiples group reads lowest at €2.77, and 3 of the 11 models stay below the price. Evidence for this calculation is medium.
Scenario range: €4.91 (bear) to €8.21 (bull), the price of €3.21 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
MAX Automation SE reported revenue of €335M in FY2025 versus €349M in FY2021, a compound −1.1%/yr. Reported net income was −€4.4M in FY2025.
Key figures
Market cap €154M · P/E ratio 205.5 · P/S ratio 0.46 · EPS (TTM) €−0.1100 · Net margin −1.3% · Return on equity −2.3% · Return on assets (EBIT) 3.3% · Operating margin −2.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at 100%, MXHN screens cheaper than that median.
Fair Value models
All 11 models by family
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Set up alert →Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 27
Revenue & earnings trend
Growth Forecast
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Compare MAX Automation SE with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Specialty Industrial Machinery · 827 stocks
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: German Stocks
- Valuation of the Germany market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc GEV | $955.04 | $210.47 | −78% |
| SIE SIE | €274.80 | €150.42 | −45% |
| Eaton Corporation ETN | $440.00 | $173.12 | −61% |
| Parker-Hannifin Corporation PH | $974.98 | $494.81 | −49% |
| Cummins Inc CMI | $524.65 | $359.38 | −32% |
| Illinois Tool Works Inc ITW | $273.42 | $151.39 | −45% |
| Emerson Electric Co EMR | $154.59 | $62.15 | −60% |
| AMETEK, Inc AME | $245.41 | $125.80 | −49% |
| Rockwell Automation, Inc ROK | $432.89 | $138.24 | −68% |
| Sandvik AB SAND | kr 383.50 | kr 193.39 | −50% |
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Frequently asked questions
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