# Aebi Schmidt Holding AG (AEBI)

> Source: Nexqual · https://nexqual.com/AEBI · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, Aebi Schmidt Holding AG (AEBI), nexqual.com/AEBI" · informational, not investment advice.

**Price:** USD 11.39 (+2.34% on the day) · last close of Oct 28, 2026; US market pre market, not a live price. Prev close 11.13 · day 11.13–11.44 · 52w 8.91–15.96 · market cap $884M · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.95B, net income $21.2M (1.1% margin), free cash flow $5.9M (SEC filings).
- Valuation: P/E 41.7x (avg 76.4x at the last 1 fiscal year-ends), EV/EBITDA 10.7x, net debt $508M.
- Earnings quality: non-operating income -$59.2M vs operating income $87.2M over the last four quarters; P/E excluding non-operating income ≈13.4x (estimate: non-operating income taxed at the company's 24.7% effective rate).
- 3 of 80 tracked superinvestors hold AEBI (13F, Q2 2026): 0 new, 1 added, 1 reduced, 1 unchanged.
- Insider open-market purchases, last ~7 months: 6 Form 4 filings, $253K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.33 on a 1–5 scale) (3 analysts), mean target USD 17 (range 17–17).
- Total return with dividends: 1Y +2.7% vs S&P 500 +13.6%; 5Y -15.5% vs S&P 500 +79.8%.
- Next earnings: 2026-11-11, EPS estimate USD 0.23, revenue estimate $520M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| Revenue | $1.02B | $1.09B | $1.53B | $1.95B |
| Gross profit | $207M | $228M | $304M | — |
| Operating income | $59.0M | $68.5M | $73.1M | $87.2M |
| Net income | $11.2M | $30.7M | $9.7M | $21.2M |
| EPS (diluted) | $0.28 | $0.76 | $0.17 | — |
| Free cash flow | $18.4M | $55.2M | -$5.2M | $5.9M |
| Gross margin | 20.3% | 21.0% | 19.9% | — |
| Operating margin | 5.8% | 6.3% | 4.8% | 4.5% |
| Net margin | 1.1% | 2.8% | 0.6% | 1.1% |
| Revenue growth | — | +6.9% | +40.6% | — |
| Cash + short-term investments | $42.7M | $65.2M | $98.5M | — |
| Total debt | — | $400M | $595M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 41.7x · P/E ex non-operating (est.) ≈13.4x · P/S 0.5x · EV/EBITDA 10.7x · EV/Sales 0.7x · P/FCF 148.6x · P/B 1.1x · FCF yield 0.67% · Earnings yield 2.40% · Dividend yield (paid, TTM) 0.89% · Net debt $508M · EV $1.39B
P/E at fiscal year-ends: Dec 2025 76.4x.

## Superinvestors (SEC 13F-HR, Q2 2026)
3 of 80 tracked investors hold AEBI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Richard Pzena | Pzena Investment Management | 0.16% | $54.2M | Added +5.1% |
| First Eagle Investment | First Eagle Investment Management | 0.01% | $3.1M | Reduced -21.2% |
| Mairs & Power | Mairs & Power Funds | <0.01% | $131K | Unchanged |

## Insider purchases (SEC Form 4, open-market, last ~7 months)
6 purchases, $253K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-19 | Schewerda Steffen | Pres Vehicle Soln & CEO NA | 5,000 | $58K | 11.68 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-19 | Scherer Marcus Andreas | Chief Engineering | 2,000 | $24K | 12.15 | Too little history (no open-market trades in 2023–2025) |
| 2026-05-15 | Meury Joel Michel | Principal Accounting Officer | 500 | $6K | 11.3 | Too little history (no open-market trades in 2023–2025) |
| 2026-05-15 | Schroeder Henning | CEO Europe and ROW | 3,000 | $34K | 11.3 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-15 | Portmann Marco | Group Chief Financial Officer | 5,000 | $57K | 11.31 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-15 | Schaub Patrick Francois | Director | 6,500 | $74K | 11.41 | Too little history (no open-market trades in 2023 or 2024) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.33 on a 1–5 scale), 3 analysts; mean target USD 17 (low 17, high 17).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-14 | DA Davidson | Target raised | Buy | $15 → $17 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2025-06-30) |
|---|---|---|
| Total return | +2.7% | -15.5% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +2.7% | -11.9% |
| Volatility (annualized) | 49.9% | 49.6% |
| Max drawdown | -40.8% (Feb 2026→Mar 2026) | -39.7% (Feb 2026→Mar 2026) |

## Peers (Farm & Heavy Construction Machinery)
ASTE (Astec Industries, Inc.) USD 38.97 +1.33% · MTW (Manitowoc Company, Inc. (The)) USD 23.15 +2.84% · LNN (Lindsay Corporation) USD 103.37 -0.64% · WNC (Wabash National Corporation) USD 13.82 +0.22% · HY (Hyster-Yale, Inc.) USD 29.34 -0.17% · ALG (Alamo Group, Inc.) USD 144.29 -0.95%

## More
Full page: https://nexqual.com/AEBI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| North America | $356.3M | 71.8% | +143.6% |
| Europe and ROW | $140.1M | 28.2% | +6.6% |
| Total revenue | $496.4M | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| New Business | $433.5M | 87.3% | +82.0% |
| After Sales | $62.9M | 12.7% | +58.8% |
| Total revenue | $496.4M | 100% | — |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| North America | $356.3M | 71.8% | +143.6% |
| Switzerland | $340.9M | 68.7% | +143.9% |
| Europe and ROW | $140.1M | 28.2% | +6.6% |
| Other | $138.7M | 27.9% | +11.5% |
| U.S. | $16.8M | 3.4% | +23.9% |
| Total revenue | $496.4M | 100% | — |
The lines above cover 200% of total revenue.

## Company outlook (8-K filed 2026-08-13)

- "Guidance assumes continued normalization of geopolitical uncertainty, tariff discussions and related inflationary pressures through year-end."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.23 | $0.23 | -2.2% | $520.3M | 2 |
| Next quarter (ends 2026-12-31) | $0.34 | $0.35 | -2.9% | $582.5M | 2 |
| Current fiscal year (ends 2026-12-31) | $0.73 | $0.72 | +1.4% | $2.05B | 2 |
| Next fiscal year (ends 2027-12-31) | $1.20 | $1.35 | -11.5% | $2.15B | 2 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.15 | $0.13 | Beat +15.4% | — |
| — | Quarter ended Mar 31, 2026 | $0.06 | $0.05 | Beat +20.0% | — |
| — | Quarter ended Dec 31, 2025 | $0.34 | $0.26 | Beat +30.8% | — |
| — | Quarter ended Sep 30, 2025 | $0.20 | $0.13 | Beat +53.8% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-09-25 | 8-K/A | Shareholder vote results | https://www.sec.gov/Archives/edgar/data/2048519/000117184326006230/0001171843-26-006230-index.htm |
| 2026-08-13 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/2048519/000117184326005477/0001171843-26-005477-index.htm |
| 2026-08-13 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/2048519/000162828026056462/0001628280-26-056462-index.htm |
| 2026-07-13 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/2048519/000117184326004594/0001171843-26-004594-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.