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HGears Valuation Multiples
Discover revenue and EBITDA valuation multiples for HGears and similar public comparables like Airthings, Duell, REC Silicon, Lena Lighting and more.
HGears Overview
About HGears
HGears AG is a manufacturer of high-precision gears and components. The company divides its business into three areas: the e-mobility focuses on products for e-bike drive systems and drive train units for electric and hybrid vehicles; the e-Tools focus on components utilized in the powering mechanism of battery-driven (e-drive), the Conventional automotive and industrial applications focus on gear units for various applications, such as rolling shutters and systems for heating, ventilation and air conditioning, motorbikes and non-combustion part precision components for premium and luxury vehicles. The company consists of one operating segment, the production of high-precision gears and components.
Founded
2011
HQ
Employees
644
Website
Financials (LTM)
EV
$33M
HGears Financials
HGears reported last 12-month revenue of $103M and negative EBITDA of ($1M).
In the same LTM period, HGears generated ($1M) in EBITDA losses and had net loss of ($16M).
Revenue (LTM)
HGears P&L
In the most recent fiscal year, HGears reported revenue of $110M and EBITDA of $539K.
HGears expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $103M | XXX | $110M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $48M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 44% | XXX | XXX | XXX |
| EBITDA | ($1M) | XXX | $539K | XXX | XXX | XXX |
| EBITDA Margin | (1%) | XXX | 1% | XXX | XXX | XXX |
| EBIT Margin | (14%) | XXX | (15%) | XXX | XXX | XXX |
| Net Profit | ($16M) | XXX | ($23M) | XXX | XXX | XXX |
| Net Margin | (15%) | XXX | (21%) | XXX | XXX | XXX |
| Net Debt | — | — | $2M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
HGears Stock Performance
HGears has current market cap of $17M, and enterprise value of $33M.
Market Cap Evolution
HGears' stock price is $1.60.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $33M | $17M | -0.2% | XXX | XXX | XXX | $-2.19 |
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Start Free TrialHGears Valuation Multiples
HGears trades at 0.3x EV/Revenue multiple, and (24.4x) EV/EBITDA.
EV / Revenue (LTM)
HGears Financial Valuation Multiples
As of March 14, 2026, HGears has market cap of $17M and EV of $33M.
Equity research analysts estimate HGears' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
HGears has a P/E ratio of (1.1x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $17M | XXX | $17M | XXX | XXX | XXX |
| EV (current) | $33M | XXX | $33M | XXX | XXX | XXX |
| EV/Revenue | 0.3x | XXX | 0.3x | XXX | XXX | XXX |
| EV/EBITDA | (24.4x) | XXX | 62.1x | XXX | XXX | XXX |
| EV/EBIT | (2.4x) | XXX | (2.0x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 0.7x | XXX | XXX | XXX |
| P/E | (1.1x) | XXX | (0.7x) | XXX | XXX | XXX |
| EV/FCF | (8.8x) | XXX | (5.6x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified HGears Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
HGears Margins & Growth Rates
HGears' revenue in the last 12 month grew by 6%.
HGears' revenue per employee in the last FY averaged $0.2M.
HGears' rule of 40 is 4% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
HGears' rule of X is 13% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
HGears Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | (7%) | XXX | XXX | XXX |
| EBITDA Margin | (1%) | XXX | 1% | XXX | XXX | XXX |
| EBITDA Growth | (235%) | XXX | (461%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 4% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 13% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 60% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
HGears Public Comps
See public comps and valuation multiples for other Automotive Parts and Industrial Parts comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Airthings | XXX | XXX | XXX | XXX | XXX | XXX |
| Duell | XXX | XXX | XXX | XXX | XXX | XXX |
| REC Silicon | XXX | XXX | XXX | XXX | XXX | XXX |
| Lena Lighting | XXX | XXX | XXX | XXX | XXX | XXX |
| Vimi Fasteners | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
HGears M&A Activity
HGears acquired XXX companies to date.
Last acquisition by HGears was on XXXXXXXX, XXXXX. HGears acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by HGears
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHGears Investment Activity
HGears invested in XXX companies to date.
HGears made its latest investment on XXXXXXXX, XXXXX. HGears invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by HGears
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout HGears
| When was HGears founded? | HGears was founded in 2011. |
| Where is HGears headquartered? | HGears is headquartered in Germany. |
| How many employees does HGears have? | As of today, HGears has over 644 employees. |
| Is HGears publicly listed? | Yes, HGears is a public company listed on Frankfurt Stock Exchange. |
| What is the stock symbol of HGears? | HGears trades under HGEA ticker. |
| When did HGears go public? | HGears went public in 2021. |
| Who are competitors of HGears? | HGears main competitors are Airthings, Duell, REC Silicon, Lena Lighting. |
| What is the current market cap of HGears? | HGears' current market cap is $17M. |
| What is the current revenue of HGears? | HGears' last 12 months revenue is $103M. |
| What is the current revenue growth of HGears? | HGears revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of HGears? | Current revenue multiple of HGears is 0.3x. |
| Is HGears profitable? | No, HGears is not profitable. |
| What is the current EBITDA of HGears? | HGears has negative EBITDA and is not profitable. |
| What is HGears' EBITDA margin? | HGears' last 12 months EBITDA margin is (1%). |
| What is the current EV/EBITDA multiple of HGears? | Current EBITDA multiple of HGears is (24.4x). |
| What is the current FCF of HGears? | HGears' last 12 months FCF is ($4M). |
| What is HGears' FCF margin? | HGears' last 12 months FCF margin is (4%). |
| What is the current EV/FCF multiple of HGears? | Current FCF multiple of HGears is (8.8x). |
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