ElringKlinger AG ELLRY

Consumer DiscretionaryAutomobiles & Auto PartsGermany

Last close 3.22 USD on Nov 2, 2026, +34.2% year to date

Quant rating

Quant rating B Rank 78 of 297 in Consumer Discretionary

Growth D 242 of 297
Valuation B 106 of 297
Quality C 159 of 297
Revisions A 23 of 297
Momentum A 39 of 297

Wall Street consensus Buy (2.50)Average target 7.34 USD +128.0%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 358M
Enterprise value: 848M
52-week range: 2.40 – 3.40
3-year range: 2.10 – 4.18
Dividend yield: 2.70%
Beta (5 years): –
Shares outstanding: 63.4M
Next earnings: Nov 5, 2026

About the company

Elringklinger AG is a Germany-based automotive supplier. The Company operates through five segments: Original Equipment, Aftermarket, Engineered Plastics, Services, and Industrial Parks. The Original Equipment segment develops, produces and sells parts and assemblies for vehicle engines, transmission units and exhaust systems, as well as battery and fuel cell components. The Aftermarket segment supplies a range of spare parts, such as cylinder-head gaskets and complete gasket sets. The Engineered Plastics segment develops, manufactures and sells products made from Polytetrafluoroethylene (PTFE) plastic. The Services segment offers development and testing services for engines, as well as transmission and exhaust systems. The Industrial Parks segment is engaged in the lease and administration of buildings.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,927	1,867	2,038	1,925	1,847	–
Revenue growth	3.2%	−8.4%	5.9%	4.2%	2.1%	1.3%
EPS (basic, normalized)	−0.12	−2.35	0.67	−1.53	0.98	–
EPS growth	–	–	–	–	–	–
Gross margin	22.9%	22.1%	21.8%	19.8%	21.6%	21.6%
Net margin	−0.4%	−7.6%	2.1%	−5.0%	3.4%	−1.5%
ROE	−1.0%	−18.6%	4.7%	−10.3%	6.6%	−3.7%

Balance sheet, last quarter
Cash & short-term investments (mil)	111
Current ratio	1.37x
Long-term debt (mil)	487
Net debt (mil)	500
Total equity (mil)	724
Net debt / equity	0.69x
Net debt / EBITDA	3.08x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	1,927	+3.2%	0.4x	162	−10.3%	5.2x	−0.12	+95.1%	−27.9x
2026	1,929	+0.1%	0.4x	247	+52.4%	3.4x	0.71	+719.2%	4.5x
2027	2,036	+5.6%	0.4x	282	+14.2%	3.0x	1.19	+66.9%	2.7x
2028	2,217	+8.9%	0.4x	311	+10.2%	2.7x	1.54	+29.4%	2.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	1,929	+1.8%	+3.6%	+3.7%	0.71	+4.9%	+4.4%	+8.9%
2027	2,036	+2.2%	+4.0%	+4.5%	1.19	+3.7%	+9.0%	+14.6%
2028	2,217	0.0%	+3.4%	+2.6%	1.54	0.0%	+5.0%	+5.0%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	465	445	441	452	423	408	395	414	–	–
Sales mean (mil)	486	464	433	427	–	–	396	–	–	–
Surprise	−4.2%	−4.0%	+1.8%	+5.9%	–	–	0.0%	–	–	–
EPS reported	0.21	0.15	0.12	−1.66	–	–	–	–	–	–
EPS mean	0.21	–	–	–	–	–	–	–	–	–
Surprise	0.0%	–	–	–	–	–	–	–	–	–

Peer comparison Automobiles & Auto Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
ELLRY ElringKlinger AG	358M	3.08x	−0.4%	0.51x	4.5x	2.7x	3.4x	3.0x
MEC Mayville Engineering Company Inc	402M	2.65x	−1.5%	1.24x	−320.5x	18.4x	9.6x	6.0x
SEIGY Semperit Holding AG	399M	1.12x	0.1%	0.80x	3.1x	2.6x	4.1x	3.9x
CPS Cooper-Standard Holdings Inc.	371M	4.82x	−0.2%	−2.84x	40.8x	5.5x	5.7x	4.7x
HLLY Holley Inc.	333M	3.69x	3.1%	0.73x	6.8x	7.2x	6.1x	5.8x
TWI Titan International Inc	321M	4.19x	−3.5%	0.64x	−29.0x	17.1x	6.8x	5.8x
Mean		3.26x	−0.4%	0.18x	−49.1x	8.9x	6.0x	4.9x
Median		3.38x	−0.3%	0.69x	3.8x	6.3x	5.9x	5.2x

Technical analysis

1M0.0%
3M+21.1%
1Y+34.2%
3Y+28.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, ElringKlinger AG, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	1,927	1,867	2,038	1,925	1,847	1,808
Cost of revenue	1,486	1,454	1,594	1,544	1,448	1,460
Gross profit	441	413	445	381	399	348
Selling, general & administrative expenses	309	274	273	248	231	230
Research & development	89.8	70.3	76.0	74.3	73.4	77.1
Depreciation/amortization	1.4	7.8	1.4	1.6	2.2	3.0
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	36.2	217	9.9	108	−0.1	5.6
Other operating expenses	−18.0	−0.7	−8.9	−8.6	−23.4	−1.7
Operating income	22.7	−155	93.2	−42.9	116	33.9
Net interest income (expense)	−44.6	−4.3	−30.2	−17.3	0.4	−42.2
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	1.9	4.4	−4.3	0.2	−1.8	−8.2
Net income before taxes	−20.0	−155	58.7	−60.0	115	−16.6
Provision for taxes	−7.5	14.4	21.7	37.1	52.5	32.3
Minority interest	5.3	27.0	6.4	1.7	1.3	−1.0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−7.2	−143	43.4	−95.4	63.4	−49.8
Extraordinary items	–	–	–	–	–	–
Net income	−7.2	−143	43.4	−95.4	63.4	−49.8
EBIT, normalized	103	131	103	64.9	118	69.1
EBITDA, normalized	206	244	226	186	246	227
Basic EPS, normalized	−0.12	−2.35	0.67	−1.53	0.98	–

Balance sheet in millions of USD, fiscal years

Balance sheet, ElringKlinger AG, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	139	129	145	153	145	174
Receivables	320	262	367	348	371	342
Total inventory	529	435	481	443	403	367
Prepaid expenses	25.8	16.6	14.4	19.5	–	–
Other current assets	3.4	2.4	2.8	17.1	17.5	28.0
Total current assets	1,017	844	1,011	980	936	911
Property, plant & equipment	941	740	947	969	1,067	1,148
Goodwill	88.7	82.6	89.1	86.4	188	198
Intangibles	41.8	44.3	96.5	70.7	57.3	47.8
Long-term investments	19.9	15.7	28.4	30.4	33.2	39.4
Note receivable	36.7	20.9	16.8	9.7	11.4	14.7
Other long-term assets	75.1	73.1	27.8	43.3	83.8	39.2
Total assets	2,220	1,821	2,216	2,190	2,376	2,398
Liabilities
Accounts payable	313	287	239	240	211	157
Payable/accrued	–	–	–	–	–	–
Accrued expenses	35.3	13.8	9.4	19.9	20.6	3.7
Short-term debt	11.4	18.1	46.9	49.6	30.6	54.8
Current portion of long-term debt	28.2	28.2	138	29.0	123	196
Other current liabilities	422	262	288	272	253	261
Total current liabilities	810	609	721	610	638	673
Long-term debt	433	332	311	459	406	479
Minority interest	71.7	50.2	74.6	78.0	89.3	43.5
Other liabilities	195	171	178	161	215	253
Total liabilities	1,509	1,162	1,286	1,308	1,349	1,448
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	74.4	65.6	69.9	67.8	72.0	77.4
Additional paid-in capital	139	122	130	127	134	144
Retained earnings (accumulated deficit)	597	543	741	686	841	836
Treasury stock	–	–	–	–	–	–
Other equity	−99.6	−71.3	−10.7	1.0	−20.4	−108
Total equity	711	659	930	882	1,027	949
Total liabilities & shareholders' equity	2,220	1,821	2,216	2,190	2,376	2,398

Cash flow statement in millions of USD, fiscal years

Cash flow statement, ElringKlinger AG, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−20.0	−155	58.7	−60.0	115	−16.6
Depreciation, depletion & amortization	143	310	134	232	129	188
Deferred taxes	–	–	–	–	–	–
Non-cash items	38.0	26.7	20.8	20.3	43.0	43.7
Changes in working capital	49.9	−7.5	−70.2	−83.7	−109	51.1
Cash from operations	211	174	143	108	177	266
Investing activities
Capital expenditures	−183	−134	−109	−98.1	−100.0	−86.7
Other investing cash flows	25.6	21.0	9.7	−4.1	16.9	12.7
Cash from investing	−157	−113	−99.5	−102	−83.0	−74.0
Financing activities
Financing cash flow items	−3.2	17.7	23.5	27.0	25.9	−2.1
Cash dividends paid	–	–	−10.5	−10.2	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−41.0	−79.1	−56.8	−11.5	−147	−188
Cash from financing	−44.2	−61.3	−43.9	5.3	−121	−190
Foreign exchange effects	−8.7	−0.6	−5.7	−1.7	6.6	−11.0
Net change in cash	0.3	−1.5	−5.9	9.8	−20.4	−9.3
Free cash flow	27.6	39.5	33.9	10.3	77.5	179

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.