Added to YB: 2026-06-30
Pitch date: 2026-06-27
HDD.DE [neutral]
Heidelberger Druckmaschinen Aktiengesellschaft
-0.78%
current return
Author Info
Boredom Baron is an equity analyst who focuses on EU small-cap stocks. I look for value, invest with patience, and wait for the market to catch up. Sign up for the 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 1.41
Price Target
2.80 (+100%)
Dividend
N/A
EV/EBITDA
3.31
P/E
28.49
EV/Sales
0.17
Sector
Machinery
Category
special_situation
Heidelberg Druckmaschinen: Buying the Dead Rival’s Spare-Parts Drawer
HDD.DE (watchlist): German printing-press maker bought insolvent rival Manroland's captive service book — smart, distressed, accretive but no growth (melting ice cube). Pension €605M >equity makes '3x EV/EBITDA' actually 6.6x. FCF negative FY26, margin slipped to 6.6%. PWV €1.68 (~17% upside) vs €1.44. Buy trigger: €1.25 or FCF inflection.
Read full article (19 min)