WinstonWınston
Back
Stock

LPKF Laser & Electronics AG

LPK.DE
28
Industrial - Machinery · Industrials
Also trades as: LPKFF USD 17.89 (-6.38%) · 0ND2.L GBP 0.09 (+0.00%)
Price
€16.00
-1.00 (-5.88%)
Market Cap
€391.9M
Exchange
Frankfurt Stock Exchange
Winston Score
28
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Oct 5, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Mixed
10/30
Growth
Weak
2/20
Cash Flow
Weak
2/10
Stability
Good
5/10
Valuation
Data not available
0/10
Ownership
Good
8/15
Dividends
Weak
1/5

28 of 100 counted points = Winston Score 28.

Track this stock — start free trial

§Winston Score History

The full picture

LPKF Laser & Electronics AG is a German company that makes specialized laser machines used in manufacturing. Its main products are laser systems that cut, drill, and process materials like circuit boards, plastics, and glass. Its customers include electronics manufacturers, solar cell producers, and companies that make medical devices or automotive parts.

LPKF earns money by selling laser equipment and related software, spare parts, and services to industrial customers. The company is headquartered in Garbsen, Germany, and sells globally, with a significant portion of revenue coming from Asia, particularly China. Its competitive edge comes from deep technical expertise in laser processing for niche applications, but the negative operating and return margins show the company is currently spending more than it earns, which is a real concern. The key risk is that weak demand from the electronics and solar industries, combined with high operating costs, could continue to pressure profitability until a meaningful recovery in customer spending takes hold.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-42.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-583.3% YoY

YoY Growth Rate

Earnings declining

R&D Spend

€18M/ year

↑ Rising (+19% vs prior year)

15.7% of revenue

3.9x the sector average (4%)

Investing heavily in future products and technology

Insider Activity

9.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~3 months

€4M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Heavy R&D investment

LPKF Laser & Electronics AG is putting 16% of revenue into R&D and that number is rising. That's 3.9x the sector average.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 24.5M (2021) → 24.5M (2025)

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
70.4%
Premium pricing power — 70.4% gross margin
Profit after running costs
Operating Margin
-37.1%
Losing money on operations — -37.1%
Return on the money invested
ROCE
-34.7%
Weak — -34.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
-27.0%
Shrinking sales (-27.0% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
11.7%
Modest free cash flow (11.7%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.17
Conservative — low debt load (0.17)
Covers its interest
Interest Cover
N/A
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
0.59%
Small dividend — 0.59% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-62.0%
Dividend cut (-62.0% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial