INDUS Holding AG

Recommendation

Buy

Price Target

€34.00

Upside

39.06%

Chart
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€24.45

(€0.40) (-1.61%)
Realtime-Data from 31.03.2025 15:43:41
INDUS Holding AG is a leading specialist in the acquisition and development of small and medium-sized enterprises (SMEs) in German-speaking countries. The portfolio currently comprises over 40 companies, 3 of which are based in Switzerland and the rest in Germany. The company focuses on majority shareholdings in mostly owner-managed "hidden champions" with leading niche market positions, which are assigned to the three segments Engineering, Materials Solutions and Infrastructure. In contrast to traditional private equity companies, INDUS does not pursue an exit strategy and retains the existing management of the companies after an acquisition. INDUS is therefore often perceived as a partner to German SMEs. This is also reflected in the portfolio structure: around 75% of the portfolio companies have been with INDUS for more than 10 years.
Ticker
INH GR
Market Cap
€630.81 M
Enterprise Value
€1.17 B
26 week avg vol.
29000
Primar Exchange
XETRA
IPO
1995
Sector
Investment Companies
Headquarters
Bergisch Gladbach
Employees
8768
Incorporated
1989
CEO
Dr. Johannes Schmidt
Versicherungskammer Bayern
10.30%
Hans Selzer et al.
5.80%
Protector Forsikring
5.60%
Treasury Shares
3.50%
14.05.2025
Publication of Q1 report
27.05.2025
Annual General Meeting
12.08.2025
Publication of Q2 report

KPIs in EUR

KPI20242025e2026e
Sales1.72 B1.79 B1.87 B
EBITDA226.12 M238.78 M258.09 M
EBIT126.68 M143.91 M161.11 M
EPS2.073.113.49
FCF92.78 M91.45 M87.39 M

Valuation

KPI20242025e2026e
EV / Sales0.68x0.62x0.57x
EV / EBITDA5.18x4.67x4.10x
EV / EBIT9.25x7.75x6.57x
Price / Earnings11.81x7.86x7.02x
EV / FCF12.63x12.19x12.11x

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