Added to YB: 2025-02-06
Pitch date: 2025-02-05
AAG.DE [bullish]
Aumann AG
+26.07%
current return
Author Info
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Company Info
Aumann AG manufactures and sells specialized machines and production lines for electromobility, automation, and robot applications in Germany, rest of Europe, the United States, Canada, Mexico, China, and internationally.
Market Cap
EUR 174.4M
Pitch Price
EUR 10.71
Price Target
N/A
Dividend
1.85%
EV/EBITDA
1.03
P/E
11.54
EV/Sales
0.13
Sector
Machinery
Category
value
It is not pretty, but it is pretty cheap
AAG.DE: German auto supplier trading at tangible NaV (mostly net cash of €126M on €155.5M mcap). €223.6M order book ensures profitable FY25. Controlling shareholder MBB incentivized to unlock value via buybacks (10-20% yield) & US M&A (€50-100M). Tesla now customer since early 2024; expanding non-auto to €100M rev (from ~€50M). At 2.6x normalized FCF, conservative 3x upside if auto cycle recovers. Trades 50% discount to peers despite comparable margins/growth.
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