SCHMID Group N.V. Class A Ordinary Shares
- Open
- 3.37
- Day high
- 3.38
- Day low
- 2.93
- Prev close
- 3.42
- Volume
- 2.0M
- Mkt cap
- $200M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- -5.5
- P/S
- 1.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$70 over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions mixed (13F)
SCHMID Group N.V. Class A Ordinary Shares (SHMD) is a Industrials company listed on NASDAQ. The stock is up 14% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4). Drillr has 1 published research article covering SHMD.
SCHMID Group N.V. Class A Ordinary Shares (SHMD) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SHMD earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Dec 31, 2023 | — | $0.04 | — | $55M | — |
| Jun 30, 2023 | — | $-0.14 | — | — | — |
| Jun 30, 2022 | — | $0.02 | — | — | — |
SHMD insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 24, 2026 | Streyl Annedoredirector | Sell | 11 | $6.35 |
| Jun 1, 2026 | Rauch Helmutother: COO of Gebr. Schmid GmbH | Tax | 16,191 | $5.86 |
| Jun 1, 2026 | Rauch Helmutother: COO of Gebr. Schmid GmbH | Tax | 11,234 | — |
| Jun 1, 2026 | Schmid Christian Mathiasdirector, 10 percent owner, officer: Chief Executive Officer | Tax | 18,975 | $5.86 |
| Jun 1, 2026 | Schmid Anettedirector, 10 percent owner: | Tax | 11,136 | $5.86 |
| May 27, 2026 | Rauch Helmutother: COO of Gebr. Schmid GmbH | Grant | 24,000 | — |
| May 27, 2026 | Schmid Christian Mathiasdirector, 10 percent owner, officer: CEO | Grant | 37,150 | $5.86 |
| May 27, 2026 | Schuetz Arthur Josef Hermannofficer: CFO Schmid Group N.V. | Grant | 24,000 | $749.00 |
| May 27, 2026 | Schmid Anettedirector, 10 percent owner: | Grant | 24,247 | $5.86 |
| May 27, 2026 | Schmid Anettedirector, 10 percent owner: | Grant | 18,782 | $5.86 |
| May 27, 2026 | Schmid Christian Mathiasdirector, 10 percent owner, officer: CEO | Grant | 13,840 | $5.86 |
| May 27, 2026 | Schuetz Arthur Josef Hermannofficer: CFO Schmid Group N.V. | Tax | 9,688 | $7.49 |
| May 27, 2026 | Yoon Boo Keundirector | Grant | 8,897 | $5.86 |
| May 27, 2026 | Streyl Annedoredirector | Grant | 11,368 | $5.86 |
| May 27, 2026 | Rauch Helmutother: COO of Gebr. Schmid GmbH | Grant | 34,591 | $5.86 |
Source: SHMD SEC Form 4 filings, latest Jun 24, 2026. For informational purposes only — not investment advice.
See the full SHMD insider & 13F page →SCHMID Group N.V. Class A Ordinary Shares company profile
Overview
SCHMID Group N.V. (NASDAQ:SHMD) is a German industrial equipment manufacturer founded in 1864 and headquartered in Freudenstadt, Germany. The company went public in May 2024, making it a relatively new entrant to the U.S. stock market. With over 160 years of history, SCHMID has evolved from its 19th-century origins into a specialized manufacturer of advanced industrial equipment serving the electronics, photovoltaics, glass processing, and energy systems industries. The company operates internationally, providing both equipment manufacturing and comprehensive process solutions to customers worldwide.
Business
SCHMID Group operates in the industrial machinery sector, specifically focusing on manufacturing specialized equipment and process solutions for high-tech industries. The company's business is divided into several key segments: Electronics Equipment Solutions represents a significant portion of the business, providing sophisticated manufacturing equipment for the electronics industry. This includes ET board systems, vertical and horizontal wet process equipment, vacuum metallization technology, plating systems, chemical mechanical polishing equipment, and comprehensive automation solutions. These systems are essential for manufacturing electronic components like semiconductors and printed circuit boards, where precision and contamination control are critical. Photovoltaics Systems constitutes another major business segment, offering complete manufacturing solutions for solar energy products. SCHMID provides equipment for processing photovoltaic wafers, cells, modules, and thin films, as well as turnkey production lines for solar panel manufacturers. This segment has become increasingly important as global demand for renewable energy solutions continues to grow. Glass Processing Equipment serves the glass manufacturing industry with specialized processing solutions, while the Energy Systems segment provides equipment for various energy-related applications beyond photovoltaics. Services and Support forms a complementary revenue stream, offering maintenance services, after-sales support, customer training programs, on-site technical services, and spare parts supply. This segment typically generates recurring revenue and higher margins compared to equipment sales. Based on the company's 2023 full-year revenue of approximately €98 million, the photovoltaics and electronics segments likely represent the largest portions of the business, though specific segment breakdowns are not publicly disclosed in the available financial data.
Revenue model
SCHMID Group generates revenue through multiple complementary business models. The primary revenue source comes from equipment sales, where the company manufactures and sells specialized industrial machinery to customers in electronics, photovoltaics, glass, and energy industries. These are typically high-value, complex systems that require significant engineering and customization. The company also generates substantial revenue from turnkey production lines, which involve designing, manufacturing, and installing complete manufacturing systems for customers. This represents a higher-value proposition compared to individual equipment sales, as it includes system integration, installation, and commissioning services. Service revenue provides a recurring income stream through maintenance contracts, after-sales support, spare parts sales, and customer training programs. This segment typically offers higher margins and more predictable cash flows compared to equipment sales. The company's customers are primarily industrial manufacturers in the electronics and renewable energy sectors, including semiconductor fabrication facilities, solar panel manufacturers, and glass processing companies. These customers typically make large capital investments in manufacturing equipment, with purchase decisions often involving multi-year evaluation processes. Several factors influence SCHMID's profitability margins. Positive factors include the specialized nature of the equipment which commands premium pricing, the recurring revenue from services and spare parts, and the growing global demand for renewable energy equipment. Negative factors include intense competition from other industrial equipment manufacturers, cyclical demand patterns in the electronics and solar industries, raw material cost fluctuations, and the capital-intensive nature of customer industries which can lead to delayed purchasing decisions during economic downturns. The company's margins are also sensitive to project execution risks, as complex turnkey installations can face cost overruns or delays.
Competitive moat
SCHMID Group's competitive moat appears to be moderate but not exceptionally strong. The company's primary competitive advantages stem from its specialized technical expertise and long-standing relationships in niche industrial markets. With over 160 years of operating history, SCHMID has developed deep domain knowledge in precision manufacturing processes, particularly in wet chemical processing and vacuum metallization technologies. The company benefits from customer switching costs, as manufacturers who invest in SCHMID's equipment typically require ongoing support, spare parts, and potential system upgrades, creating some customer stickiness. The specialized nature of the equipment also means that customers often prefer to work with proven suppliers who understand their specific manufacturing requirements. However, SCHMID faces significant competitive challenges. The industrial equipment market includes numerous well-established players with similar capabilities, and the company competes against both specialized equipment manufacturers and larger industrial conglomerates with greater resources. The cyclical nature of the electronics and solar industries means that demand can be highly volatile, making it difficult to maintain consistent pricing power. The company's moat is also limited by the fact that its core technologies, while specialized, are not protected by insurmountable barriers to entry. Competitors can develop similar capabilities, and customers in these industries often maintain relationships with multiple suppliers to ensure supply chain resilience. The relatively small size of SCHMID compared to industrial giants also limits its ability to invest heavily in R&D or weather prolonged industry downturns, making its competitive position somewhat fragile in challenging market conditions.
Risks & safety
SCHMID Group presents significant financial risks with limited margin of safety for investors. Liquidity and Solvency Concerns: • Current ratio of 0.85 indicates insufficient current assets to cover short-term obligations • Cash position of only €6.2 million against €95 million in current liabilities • Total liabilities of €135 million exceed total assets of €116 million, indicating negative book value • Debt-to-equity ratio of -2.35 reflects the company's overleveraged position Valuation Metrics: • Trading at 3.8x EV/EBITDA based on 2023 results, which appears reasonable for an industrial company • Price-to-book ratio of -6.6 due to negative book value • Revenue multiple appears modest given the €120 million market cap against €98 million annual revenue Other Considerations: • Highly volatile quarterly results with significant losses in Q1-Q3 2023 • Positive full-year 2023 results driven primarily by Q4 performance, indicating lumpy revenue recognition • Free cash flow turned positive at €3.3 million in 2023, but this follows previous periods of cash burn • Recent IPO status means limited public market trading history and potentially higher volatility
Recent development
Based on the available financial data, SCHMID Group has undergone significant corporate changes leading up to its May 2024 IPO. The most notable development was the company's decision to go public on the NASDAQ, representing a major strategic shift to access U.S. capital markets and increase international visibility. The company's financial performance in 2023 showed considerable volatility, with the first three quarters showing minimal revenue and operating losses, followed by a strong fourth quarter that drove the majority of the year's €98 million in revenue. This pattern suggests the company operates with a project-based business model where revenue recognition is lumpy and tied to major equipment deliveries and project completions. The transition from private to public company status appears to have been accompanied by significant balance sheet restructuring, as evidenced by the dramatic changes in asset composition and liability structure between quarters. The company's focus on maintaining its traditional strengths in electronics and photovoltaics equipment while expanding its service offerings represents a strategic emphasis on building more recurring revenue streams. SCHMID's recent performance indicates the company is working to stabilize its operations following the IPO process, with 2023 showing a return to profitability after previous losses. The company's ability to generate positive free cash flow of €3.3 million in 2023 suggests improving operational efficiency, though the overall financial structure remains challenging with negative book value and high leverage ratios.
SHMD company profile · for informational purposes only — not investment advice.
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