With the rise to the highest price level in a year and a half, the rally in Aixtron shares recently set another exclamation mark. Next week, however, the upward trend will face its decisive test.
The latest hard facts about Aixtron’s business development were rather sobering. With the Q3 figures for 2025, management narrowed the sales outlook for the past financial year to the lower half of the range and at the same time set the target margin range slightly lower. However, the stock market subsequently took the view that the company had bottomed out and was now on the verge of an upswing thanks to numerous growth drivers.
Room for a positive surprise
This may not yet be reflected in the sales and earnings figures for the current year, as analysts are currently not expecting any major improvement on average. After all, there is room for a positive surprise when the company presents the figures for 2025 on February 26th and also comments on future prospects.
Meanwhile, impressive rating
Aixtron’s outlook on the dynamics of incoming orders will be crucial. Ideally, this should improve now and increase further over the course of the year in order to support the optimism in the market. If the company can deliver here, there is a good chance that the share’s upward trend will continue. Otherwise, investors should prepare for a significant setback. The stock’s valuation is impressive after the recent rally; the consensus price-earnings ratio (as of February 17) for 2026 is already 36 at a price of 23 euros.
In contrast, Gesco attracts with an extremely low valuation, which reflects the economic downturn of the last few years. If the industrial economy actually recovers, as has recently been increasingly suggested, Gesco should benefit significantly from this – which is not yet priced into the share: see the article
There is also convincing information from the software specialist B+S Banksysteme, whose half-year figures are impressive. With double-digit growth and a double-digit margin, the low valuation here offers a lot of price fantasy: to the article
Authors: The SmartCaps editorial team. Created on 02/17/26 at 8:49 am. About us: The SmartCaps team has been one of the most successful small cap investors in Germany for more than two decades with the “Investor Letter”. The sample portfolio of the investor letter has achieved a return of more than 3,438 percent or 14.3 percent pa since 1999 (as of February 14, 2026). You can find out more about this here.
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