Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Kap AG is a diversified industrial company based in Germany, primarily engaged in manufacturing and service provision across multiple sectors. Its operations are broadly categorized into four key segments: engineered products, flexible films, surface technologies, and precision components. Engineered products focus on tailor-made solutions for industrial applications, while flexible films offer advanced materials for packaging, technical, and pharmaceutical applications. The surface technologies segment supplies specialized coating and treatment solutions, enhancing durability and performance of various products. Precision components involve the manufacture of high-grade parts used in automotive, medical, and mechanical engineering industries. Kap AG's significant market presence in these diverse sectors underscores its role as a critical supplier and innovator, contributing to technological advancements and efficiency improvements within the industrial value chain. The company’s strategic emphasis on sustainable processes and innovative product development aligns with global trends prioritizing ecological responsibility in manufacturing and production. With a consistent focus on quality and customer satisfaction, Kap AG enhances operational capabilities for clients worldwide, fostering collaborative growth and stability within the competitive industrial landscape.
The business is unprofitable at the operating level (-24.85% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 4.4% YoY. Margins deteriorated 12.5pp alongside, both lines moving the wrong way.
ROIC dropped from -11.58% to -28.02%, capital efficiency is deteriorating. Negative free cash flow of -€22M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€241M
▼ -4.4% YoY
Net Income (TTM)
-€67M
▼ -47.8% YoY
Op. Margin
-24.85%
▼ -12.5pp YoY
ROIC
-28.02%
▼ -16.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€22M
▼ -124.0% YoY
Op. Cash Flow (TTM)
-€13M
▼ -197.0% YoY
Net Debt
€66M
Cash & Equiv.
€31M
3Y CAGR: -17.7%
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