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.
Phoenix Mecano AG is a Swiss technology company headquartered in Stein am Rhein, specializing in enclosure technology and industrial components. It manufactures technical enclosures, electronic components, actuators, and system integrations across three main divisions: Enclosure Systems, which produces protective housings for electronics and electrics including explosion-proof models and input devices like touchscreens; Industrial Components, offering solutions for modular automation, digitalization, linear units, and power systems; and DewertOkin Technology Group, developing drive systems and fittings for electrically adjustable comfort furniture in medical, home care, and workstation applications. Employing around 7,000 people at over 60 locations worldwide, the company generated sales of €779.5 million in 2024, serving sectors such as mechanical engineering, medical technology, aerospace, energy, automotive, and railway. Founded in 1975 and listed on the Swiss stock exchange since 1988, Phoenix Mecano AG has expanded globally through strategic acquisitions and production sites in Europe, Asia, North America, and Africa, positioning it as a key provider of niche, high-quality system solutions. The founding family holds a significant stake, emphasizing sustained innovation and customer proximity.
Operating margin is thin at 6.37%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 3.0% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 134% versus the prior year, cash generation momentum has weakened. ROIC dropped from 10.64% to 8.26%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€747M
▼ -3.0% YoY
Net Income (TTM)
€32M
▼ -13.1% YoY
Op. Margin
6.37%
▼ -1.4pp YoY
ROIC
8.26%
▼ -2.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€6M
▼ -133.7% YoY
Op. Cash Flow (TTM)
€29M
▲ +47.0% YoY
Net Debt
€43M
Cash & Equiv.
€91M
3Y CAGR: -1.6%
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