INDUS Holding AG (INDHF) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 9.09 means the share price is 9.09 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $654M is the value of all shares combined.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 18, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerINDUS Holding AG (INDHF) trades at $24.45. INDUS Holding AG is a Germany-based private equity firm focused on acquiring and managing medium-sized manufacturing companies. Market cap: $654M, Sector: Industrials.
Price as of Sep 11, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for INDHF: INDHF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates INDHF against Industrials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
INDHF: 2/2 scored disciplines lean bullish. Dominant signal: Ken Griffin bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
INDUS Holding AG (INDHF) Industrial Operations Profile
INDUS Holding AG, a German private equity firm, strategically acquires and develops medium-sized manufacturing companies across diverse sectors like automation, medical engineering, and infrastructure. With a focus on German-speaking regions and strong financial criteria, INDUS aims for long-term value creation through operational improvements and strategic acquisitions.
What Is the Investment Thesis for INDHF?
With a P/E ratio of 9.09 and a dividend yield of 4.16%, INDUS offers a potentially attractive value proposition. The company's focus on acquiring and developing medium-sized manufacturing companies in sectors like automation and medical engineering positions it to benefit from long-term growth trends in these industries. Key catalysts include further strategic acquisitions and operational improvements within its existing portfolio. However, potential risks include economic downturns in the German-speaking regions and challenges in integrating acquired companies.
Based on FMP financials and quantitative analysis
INDHF Key Highlights
Market Cap of $654M reflects the company's size and market valuation within the private equity sector.
- P/E Ratio of 9.09 suggests a potentially undervalued investment relative to its earnings.
- Profit Margin of 3.8% indicates the company's profitability after all expenses, a critical factor for investors.
- Gross Margin of 47.5% demonstrates the company's efficiency in converting sales into profit, highlighting its operational effectiveness.
- Dividend Yield of 4.16% provides a steady income stream for investors, making it a noteworthy option for income-seeking portfolios.
Who Are INDHF's Competitors?
INDHF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| AGMJF Algoma Central Corporation | $17.05 | 0.00% | $692M | — |
| CBLNY Mersen S.A. | $8.90 | 0.00% | $1.08B | — |
| ELLKY Ellaktor S.A. | $1.50 | 0.00% | $521M | — |
| GLCDF GL Events S.A. | $18.40 | 0.00% | $540M | — |
| KKRAF Katakura Industries Co.,Ltd. | $16.88 | 0.00% | $545M | — |
| MATW Matthews International Corporation | $20.04 | -1.86% | $625M | 439-signal |
| CRESY Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria | $12.61 | +5.79% | $818M | 455-pillar |
| CODI Compass Diversified | $10.96 | -2.32% | $825M | — |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.
What Are INDHF's Key Strengths?
Strong focus on German Mittelstand.
- Proven operational expertise.
- Long-term investment horizon.
- Established network in German-speaking regions.
What Are INDHF's Weaknesses?
Limited geographic diversification.
- Exposure to economic cycles in Europe.
- Dependence on successful integration of acquired companies.
- Relatively small market capitalization.
What Could Drive INDHF Stock Higher?
Strategic acquisitions of companies in high-growth sectors like green technology and medical engineering.
- Operational improvements within existing portfolio companies to enhance efficiency and profitability.
- Expansion into new geographic markets within the German-speaking region.
- Implementation of digitalization initiatives across portfolio companies to drive innovation and competitiveness.
What Are the Key Risks for INDHF?
Inconsistent delivery — missed Wall Street EPS estimates in 3 of the last 7 reported quarters.
- Economic downturn in Europe impacting the performance of portfolio companies.
- Increased competition from other private equity firms in the German Mittelstand.
- Regulatory changes affecting industrial sectors in Germany and surrounding countries.
- Challenges in integrating acquired companies and achieving synergies.
- Fluctuations in currency exchange rates impacting financial results.
What Are the Growth Opportunities for INDHF?
- Expansion into Green Technologies: INDUS can capitalize on the growing demand for sustainable solutions by acquiring companies specializing in green technologies. The global green technology and sustainability market is projected to reach $51.07 billion by 2030, growing at a CAGR of 24.8% from 2021. This presents a significant opportunity for INDUS to diversify its portfolio and tap into a high-growth sector.
- Increased Investment in Digitalization: With Industry 4.0 gaining momentum, INDUS can focus on acquiring companies that offer digitalization solutions for manufacturing processes. By integrating digital technologies into its portfolio companies, INDUS can enhance their efficiency, productivity, and competitiveness.
- Strategic Acquisitions in Medical Engineering: The aging global population and increasing demand for advanced medical equipment create a favorable environment for INDUS to expand its presence in the medical engineering sector. The global medical device market is projected to reach $603.71 billion by 2028. INDUS can acquire companies specializing in medical devices and equipment for the aging society to capitalize on this trend.
- Focus on Infrastructure and Logistics Technology: As global trade and urbanization continue to grow, there is an increasing need for advanced infrastructure and logistics solutions. INDUS can invest in companies that provide innovative technologies for infrastructure development and logistics management. The global logistics market is expected to reach $12.97 trillion by 2027, offering substantial growth opportunities for INDUS.
- Enhancing Automation and Control Technology: The increasing adoption of automation in manufacturing processes presents a significant growth opportunity for INDUS. By acquiring companies that specialize in automation, measurement, and control technology, INDUS can help its portfolio companies improve their efficiency and reduce costs. The global industrial automation market is projected to reach $395.09 billion by 2032, growing at a CAGR of 9.03% from 2023.
What Are INDHF's Competitive Advantages?
- Focus on German Mittelstand: Specialization in acquiring and developing medium-sized manufacturing companies in German-speaking regions provides a unique market position.
- Operational Expertise: Proven track record of improving the operational efficiency and profitability of portfolio companies.
- Long-Term Investment Horizon: Commitment to providing long-term capital and support to portfolio companies fosters sustainable growth.
- Strong Network: Established network of relationships with owner-managed businesses and industry experts in the German Mittelstand.
What Does INDHF Do?
Founded in 1989 and based in Bergisch Gladbach, Germany, INDUS Holding AG operates as a private equity firm specializing in the acquisition and management of medium-sized manufacturing companies. Unlike typical private equity firms, INDUS avoids investments in retail, service, pure trading, or consumer goods businesses, as well as start-ups, turnarounds, and companies with significant dependencies or restructuring needs. Instead, the firm concentrates on established, profitable businesses with strong market positions in sectors such as energy and environmental technology, infrastructure and logistics, automation, medical engineering, construction, and digitalization. INDUS targets companies primarily in Germany, Switzerland, Austria, and other German-speaking regions of Europe. The firm seeks to acquire majority stakes, eventually aiming for 100% ownership, particularly in owner-managed businesses. INDUS's investment strategy involves providing long-term capital and operational support to its portfolio companies, fostering sustainable growth and value creation. The firm's approach includes strategic acquisitions and operational improvements within its existing portfolio, enhancing their competitiveness and market reach. With 8,054 employees, INDUS leverages its expertise to drive growth and innovation within its portfolio companies.
What Products and Services Does INDHF Offer?
- Acquires medium-sized manufacturing companies in German-speaking regions.
- Focuses on sectors like automation, medical engineering, and infrastructure.
- Provides long-term capital and operational support to portfolio companies.
- Implements strategic acquisitions to expand market reach.
- Enhances operational efficiency and competitiveness of acquired businesses.
- Targets owner-managed businesses with strong financial performance.
- Avoids investments in retail, service, and consumer goods companies.
How Does INDHF Make Money?
- Acquires majority stakes in medium-sized manufacturing companies.
- Improves operational efficiency and profitability of portfolio companies.
- Generates revenue through the performance of its portfolio companies.
- Exits investments through strategic sales or IPOs.
What Industry Does INDHF Operate In?
INDUS Holding AG operates within the industrial conglomerates sector, characterized by companies with diverse holdings across various industries. The market is driven by factors such as technological advancements, infrastructure development, and increasing demand for automation and medical equipment. INDUS's focus on medium-sized manufacturing companies in German-speaking regions positions it within a competitive landscape that includes firms like AGMJF (Andritz AG), CBLNY (Carlisle Companies Inc), ELLKY (Elkem ASA), GLCDF (Georg Fischer AG), and KKRAF (KUKA AG). These companies operate in similar sectors, providing both competition and potential partnership opportunities for INDUS.
Who Are INDHF's Key Customers?
- Medium-sized manufacturing companies in German-speaking regions seeking capital and operational support.
- Owner-managed businesses looking for succession planning and growth opportunities.
- Investors seeking exposure to the German Mittelstand through a diversified portfolio.
Research confidence
Enough evidence to be useful, with gaps worth knowing about.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 73 days ago
- ● No analyst coverage
- ● Reported in EUR, converted to USD
MoonshotScore History
Recorded daily since 2026-08-23 · 19 snapshots
| 2026-08-23 | 47 |
| 2026-08-26 | 47 |
| 2026-08-29 | 47 |
| 2026-09-01 | 47 |
| 2026-09-04 | 47 |
| 2026-09-07 | 47 |
| 2026-09-10 | 47 |
What changed?
The score has stayed at 47.
Over the same 18 days the stock moved +0.0%.
INDUS Holding AG (INDHF) Valuation Context
Valued at $654M, INDHF is classified as a small-cap stock.
INDHF Revenue & Earnings Trend
In Q2 FY2026, INDHF generated $606.6M in top-line revenue, marking a sequential increase of 17.9%. The company recorded net income of $53.3M, with diluted EPS of $2.13. Quarter-over-quarter revenue has been mixed, typical for a small-cap company operating in Industrials. Across the four most recent quarters, INDHF averaged $1.20 in diluted EPS.
Company Profile
INDUS Holding AG operates in the Manufacturing - Miscellaneous industry within the Industrials sector. It is headquartered in Bergisch Gladbach, DE. The company is led by CEO Johannes Schmidt. INDHF has traded publicly since 2017.
Key Financial Metrics
Return on equity for INDUS Holding AG stands at 9.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.6%, showing how much profit it generates from its asset base. INDHF trades at a trailing price-to-earnings ratio of 9.09, below the Industrials sector average of ~28.00x. Its free cash flow yield is 7.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.98 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 10.9%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
INDUS Holding AG's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 2.12 places it in the grey zone, a middle ground that warrants monitoring.
Earnings Track Record
INDUS Holding AG has missed Wall Street's EPS estimate in 3 of its last 7 reported quarters — a mixed record worth weighing. Reported results have landed about 12.9% below estimates on average.
INDHF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Strong focus on German Mittelstand.
- Proven operational expertise.
- Long-term investment horizon.
- Established network in German-speaking regions.
Bear Case
- Limited geographic diversification.
- Exposure to economic cycles in Europe.
- Dependence on successful integration of acquired companies.
- Relatively small market capitalization.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 FY2026 | $607M | $53M | $2.13 |
| Q1 FY2026 | $514M | $19M | $0.74 |
| Q4 FY2025 | $535M | $9M | $0.36 |
| Q3 FY2025 | $507M | $39M | $1.54 |
Q2 FY2026 · filed 30 Jun 2026 · Financial Modeling Prep
Based on FMP financials and quantitative analysis · Converted to USD from EUR at today's rate
INDHF Latest News
No recent news available for INDHF.
INDHF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for INDHF.
Price Targets
Wall Street price target analysis for INDHF.
INDHF MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for INDHF; grades run from A+ (80-100) to F (below 30).
Leadership: Johannes Schmidt
CEO
Johannes Schmidt serves as the CEO of INDUS Holding AG, leading a workforce of 8,054 employees. His background includes extensive experience in the industrial sector, with a focus on strategic management and operational excellence. Prior to joining INDUS, Schmidt held leadership positions at various manufacturing companies, where he oversaw significant improvements in efficiency and profitability. He holds an advanced degree in engineering and a business administration degree.
Track Record: Under Johannes Schmidt's leadership, INDUS Holding AG has continued to expand its portfolio of medium-sized manufacturing companies. He has focused on driving operational improvements within the acquired businesses and implementing strategic initiatives to enhance their competitiveness. Key milestones include successful integration of acquired companies and expansion into new industrial sectors.
INDHF OTC Market Information
The OTC Other tier, where INDHF trades, represents the lowest tier of the OTC market. Companies in this tier often have limited or no reporting requirements, meaning they may not provide regular financial disclosures to the public. This lack of transparency contrasts sharply with exchanges like the NYSE or NASDAQ, which mandate strict reporting standards, including quarterly and annual filings with the SEC. Consequently, investors have less access to information about the company's financial health and operations.
- OTC Tier: OTC Other
- Limited financial disclosure increases the risk of investing in INDHF.
- Lower liquidity can lead to price volatility and difficulty in executing trades.
- OTC Other tier companies may be subject to less regulatory oversight.
- The lack of readily available information makes it harder to assess the company's true value.
- Potential for scams and fraudulent activities is higher on the OTC market.
- Verify the company's registration and legal standing.
- Research the background and experience of the management team.
- Attempt to obtain any available financial information, even if limited.
- Assess the company's business model and competitive landscape.
- Understand the risks associated with investing in OTC Other tier companies.
- Consult with a financial advisor before investing.
- Check for any red flags, such as frequent name changes or regulatory actions.
- Established operating history since 1989.
- Focus on acquiring and developing medium-sized manufacturing companies.
- Presence in German-speaking regions with a strong industrial base.
- Management team with experience in the industrial sector.
INDUS Holding AG Industrials Stock: Key Questions Answered
Is INDHF a good stock?
Stock Expert AI does not rate INDHF buy, sell or hold. INDUS Holding AG has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What do analysts say about INDHF stock?
As of March 18, 2026, formal analyst ratings for INDHF are limited due to its OTC listing. However, key valuation metrics include a P/E ratio of 9.09 and a dividend yield of 4.16%.
What are the key factors to evaluate for INDHF?
Evaluate INDHF on fundamentals, analyst consensus, and risk factors. P/E: 9.09x vs the S&P 500's ~20-25x. With a P/E ratio of 9.09 and a dividend yield of 4.16%, INDUS offers a potentially attractive value proposition. Not financial advice.
How frequently does INDHF data refresh on this page?
INDHF's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven INDHF's recent stock price performance?
INDUS Holding AG (INDHF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong focus on German Mittelstand. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider INDHF overvalued or undervalued right now?
INDUS Holding AG (INDHF) trades at 9.09x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of INDHF?
Yes, most major brokerages offer fractional shares of INDUS Holding AG (INDHF) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track INDHF's earnings and financial reports?
INDUS Holding AG (INDHF) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for INDHF earnings announcements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on the most recent available information.
- OTC market investments carry higher risks than exchange-listed stocks.
- Analyst opinions may vary and should not be considered as investment advice.