MAX Automation SE (MXHN) Fair Value & Analysis
Industrials · DE · Market cap €154M
Fair value as of: Jul 12, 2026
From 12 valuation models · updated 29 days ago
Fair value updated Jul 12, 2026, revised from €4.85 to €2.41 (−50.3%) since Jun 24, 2026. Share price −3.5% over the past month.
Below-average quality, and screening another 33% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (€3.20). The favourable scenario is already priced in.
- Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (€1.62 to €3.20) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
60‑month range €3.48 – €6.34 · fair‑value band €1.62 – €3.20 · the €3.60 price screens above the €2.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.
Analysis
MAX Automation SE (MXHN) currently trades at €3.60, while our model-based Fair Value estimate is €2.41, implying the stock looks roughly 33.1% overvalued today. The Quality Score stands at 42/100 (below-average 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, MAX Automation SE generated revenue of €336M at a net margin of -1.3%. Revenue grew 7.8% year over year. It earns a return on equity of -2.3%. Net debt stands at €31.1M. Fundamentals as of Jul 12, 2026
Our scenario range runs from €1.62 (bear case) to €3.20 (bull case); at €3.60, 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 41% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -33%, MXHN screens cheaper 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.
All 12 models by family
Widest divergence: Growth DCF (€5.35) versus Dividend Discount (€0.8300). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 32
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
of which total revenue +0.8 pp · buybacks/dilution −4.9 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
MXHN screens 33% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 808 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.
Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper
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: the price sits above our fair-value range.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €887.60 | €186.93 | -79% |
| 1SIE 1SIE | €273.20 | €91.93 | -66% |
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| Atlas Copco AB ATCOA | kr 195.15 | kr 112.59 | -42% |
| Sandvik AB SAND | kr 384.10 | kr 193.01 | -50% |
| Doosan Enerbility Co 034020 | 76,400 KRW | 7,938 KRW | -90% |
| Vestas Wind Systems A/S VWS | kr 178.10 | kr 124.54 | -30% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥43.20 | ¥22.68 | -48% |
| NARI Technology Co 600406 | ¥22.19 | ¥18.71 | -16% |
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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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