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Stock Analysis & ValuationAumann AG (AAG.DE)

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14.04
Sector Valuation Confidence Level
Moderate
Valuation methodValue, Upside, %
Artificial intelligence (AI)74.12428
Intrinsic value (DCF)8.68-38
Graham-Dodd Method15.5211
Graham Formula22.8663

Strategic Investment Analysis

Company Overview

Aumann AG is a Germany-based industrial machinery company specializing in the production of automated manufacturing solutions for both electric and traditional automotive drive systems. Founded in 1936 and headquartered in Beelen, Germany, Aumann operates through two key segments: E-Mobility and Classic. The E-Mobility segment focuses on advanced production lines for electric vehicle components, including e-traction engines, power-on-demand units, and energy storage systems like batteries and fuel cells. The Classic segment provides machinery for traditional automotive and consumer industries, emphasizing CO2 reduction through lightweight component manufacturing. With a global footprint spanning the U.S., Canada, Mexico, Europe, and China, Aumann AG is strategically positioned to capitalize on the accelerating shift toward electric mobility while maintaining a strong presence in legacy automotive manufacturing. The company’s expertise in high-precision automation and sustainable engineering makes it a critical player in the industrial machinery sector.

Investment Summary

Aumann AG presents a compelling investment case due to its dual exposure to the rapidly growing e-mobility sector and stable classic automotive manufacturing. With a market cap of €182.5M and a beta of 1.76, the stock exhibits higher volatility but offers growth potential tied to EV adoption. Revenue of €312.3M and net income of €21.5M in the latest fiscal year reflect operational resilience, supported by strong cash reserves (€139.2M) and manageable debt (€6.9M). However, risks include reliance on automotive cyclicality and capex demands in evolving e-mobility tech. The dividend yield (~1.1%) is modest, suggesting the company prioritizes reinvestment over shareholder returns. Investors bullish on EV infrastructure may find Aumann an attractive small-cap play.

Competitive Analysis

Aumann AG competes in the niche market of specialized automotive production machinery, differentiating itself through deep expertise in both electric and combustion-engine manufacturing systems. Its competitive advantage lies in its dual-segment strategy, allowing it to hedge against declines in traditional automotive demand while capturing growth in EV components. The company’s focus on precision automation and sustainable engineering (e.g., lightweight components for emissions reduction) aligns with global regulatory trends. However, Aumann faces stiff competition from larger industrial automation firms with broader portfolios and greater R&D budgets. Its relatively small scale (€312M revenue) limits its ability to compete on price with giants like Siemens or ABB, but its specialization in automotive production lines provides a defensible niche. The company’s strong cash position and low leverage offer flexibility to invest in e-mobility innovation, though execution risks remain in scaling its EV segment amid supply chain and technological disruptions.

Major Competitors

  • Siemens AG (SIE.DE): Siemens dominates industrial automation with a vast portfolio spanning energy, healthcare, and infrastructure. Its scale and R&D resources dwarf Aumann’s, but it lacks Aumann’s specialized focus on automotive production lines. Siemens’ broader diversification reduces risk but may dilute its edge in EV manufacturing niches.
  • ABB Ltd (ABB): ABB is a leader in robotics and electrification, with strong EV charging and industrial automation solutions. Its global reach and technological prowess pose a threat to Aumann’s e-mobility segment. However, ABB’s less specialized approach to automotive production could leave room for Aumann in custom machinery.
  • Comau SpA (COM.DE): Comau, a Stellantis subsidiary, specializes in automotive automation and competes directly with Aumann in combustion and EV production lines. Its backing by a major automaker provides stability, but Aumann’s independence may allow for more agility in partnering with diverse OEMs.
  • KUKA AG (KUKA.DE): KUKA is a robotics powerhouse with significant automotive exposure. Its strengths in collaborative robotics and AI-driven automation contrast with Aumann’s focus on dedicated production lines. KUKA’s Chinese ownership (Midea) may offer cost advantages but could complicate relationships in some markets.
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