| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | n/a | n/a |
| Intrinsic value (DCF) | n/a | |
| Graham-Dodd Method | 10.15 | -33 |
| Graham Formula | n/a |
KATEK SE is a leading German electronics company specializing in comprehensive electronics value chain services, including hardware and software development, prototyping, materials sourcing, and assembly. Headquartered in Munich, KATEK serves diverse industries such as automotive, communication, consumer electronics, industrial, energy/solar, and medical sectors. The company also provides clean energy solutions, including inverters under the Steca brand and EV charging solutions under eSystems. With a strong focus on innovation and sustainability, KATEK SE operates across Germany, Europe, and internationally, offering end-to-end solutions from development to after-sales services. As a subsidiary of PRIMEPULSE SE, KATEK leverages its expertise in electronics manufacturing and renewable energy technologies to maintain a competitive edge in the Industrials sector.
KATEK SE presents a mixed investment profile. The company operates in high-growth segments like clean energy and EV charging, which could drive future revenue. However, its FY 2023 financials show a net loss of €49,000 and negative diluted EPS (-€0.0034), raising concerns about profitability. Positive operating cash flow (€49.99M) and a manageable debt-to-equity ratio suggest some financial stability. The company's beta of 1.157 indicates higher volatility than the market, which may appeal to risk-tolerant investors. Given its exposure to renewable energy and electronics manufacturing, KATEK could benefit from long-term industry tailwinds, but investors should closely monitor its path to profitability.
KATEK SE competes in the electronics manufacturing services (EMS) and clean energy solutions markets, differentiating itself through vertical integration and specialized in-house brands like Steca and eSystems. Its end-to-end services—from development to logistics—provide a competitive advantage in serving complex industrial and automotive clients. However, the company faces intense competition from larger EMS providers with greater scale and global reach. KATEK's focus on renewable energy solutions (inverters, EV charging) aligns with European sustainability trends, but this niche also pits it against established energy tech firms. The company's relatively small market cap (€218M) limits its ability to compete on price with industry giants, forcing it to rely on technical expertise and customer service. Its German base offers quality and engineering credibility but may result in higher costs versus Asian competitors. KATEK's challenge is to balance growth in higher-margin clean energy products with the capital-intensive nature of its core EMS business.