TWEKA Stock Analysis: TKH | AS
Communication Equipment | AS, Netherlands | Market Cap: 2.169m EUR | 12M Return: 45.6% | NL0000852523 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.80M
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
TKH Group N.V. is a Netherlands-based technology company operating in the automation and electrification sector, with a business-to-business model serving customers in Europe, Asia, and North America. The company is organized into three core segments: Smart Vision Systems, Smart Manufacturing Systems, and Smart Connectivity Systems, positioning it across the industrial automation and communications equipment value chain.
The Smart Vision Systems segment supplies 2D and 3D machine vision technology for quality inspection, operational monitoring, and object tracking, alongside security vision systems used in urban infrastructure, parking, and building security. Machine vision is a foundational element of Industry 4.0, supporting automated visual inspection in high-throughput production environments.
The Smart Manufacturing Systems segment delivers systems engineering, assembly, control and analysis software, and connectivity and vision technologies to car and truck tire production, general factory automation, and healthcare-related applications such as medicine distribution machines. This segment aligns TKH with capital equipment spending cycles in the automotive supply chain and pharmaceutical logistics.
The Smart Connectivity Systems segment produces connectivity solutions for on-shore and off-shore energy distribution, fiber optic systems for data and communication networks, and specialized cable systems for industrial, marine, offshore, and medical applications. It also offers contactless energy and data distribution hardware for airfield ground lighting. Fiber optic connectivity ties the company to the communications equipment market, supporting telecom and data network infrastructure investment.
Originally founded in 1930 as NV Twentsche Kabel Holding, the company adopted its current name TKH Group N.V. in 2005 and remains headquartered in Haaksbergen, the Netherlands.
- Machine vision demand accelerates with industrial automation adoption
- Fiber optic cable orders rise on data center and telecom expansion
- Offshore wind energy cable backlog expands on European transition
| Net Income: 128.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 2.54 > 1.0 |
| NWC/Revenue: 20.47% < 20% (prev 14.38%; Δ 6.09% < -1%) |
| CFO/TA 0.10 > 3% & CFO 226.6m > Net Income 128.0m |
| Net Debt (686.1m) to EBITDA (267.9m): 2.56 < 3 |
| Current Ratio: 1.62 > 1.5 & < 3 |
| Outstanding Shares: last quarter (40.1m) vs 12m ago 0.60% < -2% |
| Gross Margin: 17.49% > 18% (prev 50.64%; Δ -33.15% > 0.5%) |
| Asset Turnover: 83.97% > 50% (prev 77.40%; Δ 6.57% > 0%) |
| Interest Coverage Ratio: 4.86 > 6 (EBIT TTM 141.9m / Interest Expense TTM 29.2m) |
| A: 0.17 (Total Current Assets 996.4m - Total Current Liabilities 615.9m) / Total Assets 2.23b |
| B: 0.30 (Retained Earnings 672.3m / Total Assets 2.23b) |
| C: 0.06 (EBIT TTM 141.9m / Avg Total Assets 2.21b) |
| D: 0.68 (Book Value of Equity 900.9m / Total Liabilities 1.33b) |
| Altman-Z'' = 3.25 = A |
| DSRI: 1.07 (Receivables 523.0m/448.2m, Revenue 1.86b/1.70b) |
| GMI: 2.89 (GM 50.64% / 17.49%) |
| AQI: 0.98 (AQ_t 0.29 / AQ_t-1 0.29) |
| SGI: 1.09 (Revenue 1.86b / 1.70b) |
| TATA: -0.04 (NI 128.0m - CFO 226.6m) / TA 2.23b) |
| Beneish M = -1.20 (Cap -4..+1) = D |
As of October 10, 2026, the stock is trading at EUR 53.30 with a total of 58,587 shares traded. Over the past week, the price has changed by -1.93%, over one month by +2.70%, over three months by +23.72% and over the past year by +45.58%.
Current recommended Stop Loss: 51.50 (which is 3.4% or 1.6 ATR below the current price).
TKH has no consensus analysts rating.
P/E Trailing = 16.9315
P/E Forward = 15.8983
P/S = 1.167
P/B = 2.3793
P/EG = 0.8488
Revenue TTM = 1.86b EUR
EBIT TTM = 141.9m EUR
EBITDA TTM = 267.9m EUR
Long Term Debt = 489.8m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 70.6m EUR (from shortTermDebt, last quarter)
Debt = 800.6m EUR (from shortLongTermDebtTotal, last quarter) + Leases 89.0m
Net Debt = 686.1m EUR (calculated: Debt 800.6m - CCE 114.5m)
Enterprise Value = 2.86b EUR (2.17b + Debt 800.6m - CCE 114.5m)
Interest Coverage Ratio = 4.86 (Ebit TTM 141.9m / Interest Expense TTM 29.2m)
EV/FCF = 17.09x (Enterprise Value 2.86b / FCF TTM 167.1m)
FCF Yield = 5.85% (FCF TTM 167.1m / Enterprise Value 2.86b)
FCF Margin = 8.99% (FCF TTM 167.1m / Revenue TTM 1.86b)
Net Margin = 6.89% (Net Income TTM 128.0m / Revenue TTM 1.86b)
Gross Margin = 17.49% ((Revenue TTM 1.86b - Cost of Revenue TTM 1.53b) / Revenue TTM)
Gross Margin QoQ = 17.25% (prev 17.75%)
Tobins Q-Ratio = 1.28 (Enterprise Value 2.86b / Total Assets 2.23b)
Interest Expense / Debt = 3.65% (Interest Expense 29.2m / Debt 800.6m)
Taxrate = 17.07% (26.3m / 154.3m)
NOPAT = 117.7m (EBIT 141.9m * (1 - 17.07%))
Current Ratio = 1.62 (Total Current Assets 996.4m / Total Current Liabilities 615.9m)
Debt / Equity = 0.89 (Debt 800.6m / totalStockholderEquity, last quarter 900.9m)
Debt / EBITDA = 2.56 (Net Debt 686.1m / EBITDA 267.9m)
Debt / FCF = 4.11 (Net Debt 686.1m / FCF TTM 167.1m)
Total Stockholder Equity = 873.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.78% (Net Income 128.0m / Total Assets 2.23b)
RoE = 14.66% (Net Income TTM 128.0m / Total Stockholder Equity 873.3m)
RoCE = 10.41% (EBIT 141.9m / Capital Employed (Equity 873.3m + L.T.Debt 489.8m))
RoIC = 7.41% (NOPAT 117.7m / Invested Capital 1.59b)
WACC = 6.95% (E(2.17b)/V(2.97b) * Re(8.40%) + D(800.6m)/V(2.97b) * Rd(3.65%) * (1-Tc(0.17)))
Discount Rate = 8.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -87.21 | Cagr: -1.19%
[DCF] Terminal Value 77.97% ; FCFF base≈144.0m ; Y1≈165.1m ; Y5≈242.9m
[DCF] Fair Price = 74.40 (EV 3.66b - Net Debt 686.1m = Equity 2.97b / Shares 39.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -89.02 | EPS CAGR: -30.26% | SUE: N/A | # QB: 0
Revenue Correlation: 2.21 | Revenue CAGR: 0.09% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=3.18 | Chg30d=+9.74% | Revisions=+44% | GrowthEPS=+38.5% | GrowthRev=+10.8%
EPS next Year (2027-12-31): EPS=3.80 | Chg30d=+9.70% | Revisions=+67% | GrowthEPS=+19.3% | GrowthRev=+5.7%
[Analyst] Revisions Ratio: +67% (up=11, down=1)