Added to YB: 2026-09-04
Pitch date: 2026-09-02
MSAG.DE [bullish]
MS Industrie AG
Author Info
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Company Info
MS Industrie AG primarily operates in the powertrain and ultrasonic technology businesses in Germany, Europe, the United States, Canada, and the Asia Pacific.
Market Cap
EUR 37.2M
Pitch Price
EUR 1.23
Price Target
2.76
Dividend
N/A
EV/EBITDA
9.15
P/E
N/A
EV/Sales
0.50
Sector
Machinery
Category
turnaround
MS Industrie (MSAG) - A Truck-Cycle Turnaround with AI Optionality
MSAG.DE: MS Industrie is a deeply valued industrial turnaround at 0.68x tangible book, with US large-engine production, non-truck diversification and completed German automation offering recovery upside. The 2028 operating assumptions and 7x valuation scenario imply €2.76 per share, 121% above €1.25. However, European trucks remain roughly 60% of XTEC sales, one customer represented around 44% of 2025 group revenue, gearing has risen, and Charlotte has yet to break even.
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