Added to YB: 2025-11-06
Pitch date: 2025-11-03
HDD.DE [neutral]
Heidelberger Druckmaschinen Aktiengesellschaft
-25.89%
current return
Author Info
Kroker Equity Research is a value investor that uses Discounted Cash Flow (DCF) Model or the Excess Returns Model to value stocks. Sign up for their newsletter.
Company Info
Heidelberger Druckmaschinen Aktiengesellschaft, together with its subsidiaries, manufactures printing presses in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.
Market Cap
EUR 427.3M
Pitch Price
EUR 1.92
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.31
P/E
28.49
EV/Sales
0.17
Sector
Machinery
Category
value
Heidelberger Druckmaschinen AG - A Stock Analysis
HDD.DE (deep dive): German printing press leader (47% global market share) trading at 3-4x EV/EBITDA after restructuring. Net cash €91M, stable 7% EBITDA margins targeting 8%. Growth via packaging segment (+7% orders), recurring services, EV charging venture. Bear case: mature/declining print markets, thin margins, €650M pension burden, no dividend since 2008.
Read full article (29 min)