HWA AG

HWA AG

2.40
EUR
0.00
(0.00%)
37.41MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.23
7.11
9.27
11.83
10.75
11.25
11.89
6.47
8.17
8.59
8.64
4.59
7.24
- -
Basic EPS, GAAP
0.43
0.07
0.38
-0.03
0.06
0.38
-0.87
-1.12
0.06
0.17
-0.05
-1.45
-0.87
- -
Free Cash Flow per Basic Share
-0.11
0.11
-0.56
-0.45
-0.68
-0.04
-0.95
-0.33
0.61
0.3
-1.05
-0.4
-0.25
- -
Dividend per Share
- -
0.37
- -
0.2
- -
- -
0.22
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
3
2.7
3.08
2.86
2.92
3.29
2.67
1.79
1.88
2.26
2.22
0.75
0.41
0.41
Tangible Book Value per Share
2.98
2.65
3.04
2.78
2.86
3.25
2.21
1.45
1.7
2.17
2.19
0.16
-1.13
-1.13
Basic Weighted Avg Shares
9
9
9
8
9
9
10
10
11
11
10
14
10
16
Sales/Revenue/Turnover
56
64
84
97
96
101
114
66
86
94
86
66
75
- -
Operating Margin (%)
10.17
2.19
3.59
0.73
2.32
5.2
31.17
-16.2
1.45
4.64
0.74
-17.34
-10.19
- -
Depreciation Expense
2
2
3
3
3
2
7
3
3
4
2
7
1
- -
Net Income, GAAP
4
1
3
- -
1
3
-8
-11
1
2
- -
-21
-9
- -
Effective Tax Rate (%)
29.2
30.6
27.23
- -
52.04
26.05
- -
- -
- -
13.75
- -
- -
- -
- -
Profit Margin (%)
6.87
1.04
4.07
-0.29
0.56
3.35
-7.3
-17.33
0.72
1.99
-0.55
-31.56
-12.02
- -
Working Capital
17
18
23
39
41
47
50
39
16
20
28
9
2
2
LT Debt
10
15
17
28
29
29
38
32
12
6
6
7
- -
- -
Total Equity
27
24
28
26
26
29
26
18
19
25
25
11
7
7
Return on Invested Capital (%)
11.07
2.5
8.68
- -
1.54
6.33
- -
- -
- -
5.78
- -
- -
- -
- -
Return on Capital (%)
11.66
2.48
8.73
- -
1.48
6.48
- -
- -
- -
5.75
- -
- -
- -
- -
Return on Common Equity (%)
14.47
2.62
13.11
-1.06
2.07
12.2
-29.74
-51.16
3.33
8.43
-1.88
-117.72
-100.27
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
12
- -
13
LT Borrowings
7
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
14
18
Market Capitalization
21
29
37

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
29
- -
23
Cash, Cash Equivalents & STI
5
- -
2
Accounts Receivable, Net
4
- -
3
Inventories
26
- -
15
Total Current Liabilities
20
- -
22
Payables & Accruals
- -
- -
- -
ST Debt
12
- -
13
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-8.82%
-10.77%
-33.27%
Free Cash Flow
130.43%
-172.65%
-55.33%
Net Income, GAAP
409.9%
854.64%
-56.76%
Sales/Revenue/Turnover
1.31%
4.52%
13.52%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
86
2024
- -
- -
66
2025
- -
- -
75

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.05
2024
- -
- -
-1.45
2025
- -
- -
-0.87

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Martin Marx
Full Time Employees
264
Sector
Consumer durables
Industry
Motor vehicles
Address
Benzstrasse 8 Affalterbach BW Germany 71563
IPO Date
Apr 19, 2007
Website
hwaag.com
Business
HWA AG, a Germany-based engineering specialist in automobile racing and high-performance vehicles, develops, produces and assembles motorsport cars, sports cars and vehicle components; operates racing teams in series including FIA Formula 2, FIA Formula 3 under HWA RACELAB and ABB FIA Formula E for Mercedes-Benz EQ; manufactures Mercedes-AMG GT4 and GT3 models; provides engineering services encompassing construction and calculation, engine building, durability and regulation testing, electrics and electronics assembly, mechanical assembly, model building, vacuum autoclave processes, certification, paint services, logistics and after-sales support. Founded in 1998 by Hans Werner Aufrecht and headquartered in Affalterbach, Germany, the company employs around 300 staff and maintains subsidiaries in the United States and Australia, serving global automotive partners with a focus on customer motorsport, series production vehicles and sustainable mobility solutions. Recent developments include the announcement of the limited-edition HWA EVO road-legal sports car, a modern reinterpretation of the Mercedes-Benz 190E 2.5-16 Evo II limited to 100 units with deliveries starting late 2025; a partnership with Knaus Tabbert AG for the electric KNAUS E.POWER DRIVE camper unveiled at the 2023 Caravan Salon; and Mercedes-AMG's 2024 establishment of Affalterbach Racing GmbH alongside a letter of intent to acquire HWA's customer motorsport division to enhance GT racing programs including the new Mercedes-AMG GT3.