AEBIAebi Schmidt Holding AG
Construction Machinery & Equip
- Revenue
- $1.5B
- 41% YoY
- Operating margin
- 4.8%
- 24% YoY
- EBITDA
- $117M
- 24% YoY
- Market cap
- $876M
- Employees
- 5,700
- $268K revenue each
- Net debt / EBITDA
- 4.4×
- $519M net debt
- AI in 10-K
- 1.9
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 1 of 7
- TSR below peersNo1 of 1 years3+ of last 5 years
- High CEO pay despite TSRNo$3M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo92% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowYes150% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo20% of assetsOver 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeYes$268K · 13th pctBottom quartile of its SIC industry
- Quiet on AINo1.9 per 10K words · 53rd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo4.4× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$876M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$589K netNet sales over $10M in 12 months
Financials
| Metric | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $1.5B | 41% |
| Operating income | $59M | $68M | $73M | 6.7% |
| Net income | $11M | $31M | $10M | 68% |
| Operating cash flow | $30M | $69M | $9M | 87% |
| Capex | $12M | $14M | $14M | 4.5% |
| Stock-based comp | $0 | $0 | $7M | |
| Dividends | $2M | $3M | $13M | 317% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $589K · 11
- Open-market sells, 12 mo
- $0 · 0
- Net
- $589K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $3M | $3M | 93 | 120 |