Mühlbauer Holding AG/€MUB

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About Mühlbauer Holding AG

Mühlbauer Holding AG, founded in 1981 and headquartered in Roding, Germany, specializes in the development and production of automation and precision solutions for high-tech industries. The company operates through several business segments: **Automation**, which focuses on semiconductor backend, RFID/smart label, and flexible solar technologies; **Tecurity®**, offering comprehensive smart ID solutions including ID cards, e-passports, and border management systems; **Atech**, providing advanced manufacturing equipment for lithium-ion battery cells and fuel cell components; and **Precision Parts & Systems**, producing high-precision components for sectors such as aerospace and medical technology. With approximately 4,200 employees across 35 locations worldwide, Mühlbauer maintains a global presence. Its strategic positioning lies in delivering integrated, end-to-end solutions that encompass both hardware and software, catering to the specific needs of industries requiring high security and precision. (,)

Ticker

€MUB

Primary listing

XETRA

Employees

3,949

MUB Metrics

BasicAdvanced
€613M
30.83
€1.40
0.13
€1.50
3.48%

Bulls say / Bears say

Earnings per share surged to €1.35 in 1H 2025 from €0.33 in 1H 2024, driven by improved operational efficiencies and cost control measures (Reuters).
The company remains debt-free, providing a strong financial foundation to fund R&D, pursue strategic acquisitions, and withstand industry cyclicality without interest burden (Simply Wall St).
Management raised the annual dividend to €1.50 per share for FY 2025 (3.3% yield), up from €1.00 in FY 2024, reflecting confidence in sustainable cash flows and shareholder returns (Investing.com).
1H 2025 revenue fell 1.95% year-over-year to €206.3 million from €210.4 million in 1H 2024, indicating softness in core automation and smart ID sales amid sector headwinds (Reuters).
Trailing price-to-earnings ratio stands at approximately 54×, more than double the industrial machinery peer average, suggesting limited valuation upside absent a significant earnings rebound (CNBC).
The trailing twelve-month free cash flow was negative €17.5 million as of June 2024, raising concerns over the company’s cash conversion and funding of growth initiatives without leveraging up (Stock Analysis).
Data summarised monthly by Lightyear AI. Last updated on 31 Aug 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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