LPKF Laser & Electronics AG

LPK.DE

Industrial - Machinery · Industrials

Also trades as: LPKFF · 0ND2.L

Exchange

Frankfurt Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Weak

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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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

For growth stock investors

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

Insider Activity

9.5%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Runway

~3 months

€4M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

LPKF Laser & Electronics AG has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

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.

Score breakdown

Every number that matters to educated investors.

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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.

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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

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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.

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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

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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