Aebi Schmidt Holding AG
AEBI on Nasdaq. Aebi Schmidt Holding AG sells vehicles and equipment to cities, airports, farms, and commercial fleets. Market value $865m.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Look carefully before going further
Why it could be worth it
Read the warning sign in its own filings
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $0.69 of spare cash in the past 12 months. A savings account pays about $4.
You pay 15.8 years of operating profit for the business. The average large US company costs around 18.
The filings do not give us enough to work this out.
Quality score: not known. Price score: 43 of 100. Our list needs 70 on quality and 60 on price.
$11.14 a share, 25% above its 1-year low
Over the past year the price has ranged from $8.91 to $15.96.
Dividend: 0.9% a year
Paid in its latest year
Prices from Monday’s close (5 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: $6 million in the past 12 months, a shortfall of $5 million in the year to December 2025.
| Revenue | |
| Revenue | $1.5bn |
| Operating margin | |
| Operating margin | 4.8% |
| Debt to equity | |
| Debt to equity | 0.73 |
| Shares outstanding | |
| Shares outstanding | 0.08bn |
Health checks
- Free cash flow positive0 of 1 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)Not enough data
- Debt0.73× equity
- Revenue growth, five yearsUnknown
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $496 million last quarter, up 79% on a year ago.
- Profit: $11 million, after a loss of $2 million a year ago.
- 92% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $510 million more than cash, up from $404 million a year ago.
| Quarter to | Amount |
|---|---|
| March 2025 | $249m |
| June 2025 | $278m |
| September 2025 | $471m |
| December 2025 | $528m |
| March 2026 | $456m |
| June 2026 | $496m |
| Quarter to | Amount |
|---|---|
| March 2025 | $2m |
| June 2025 | -$2m |
| September 2025 | $1m |
| December 2025 | $9m |
| March 2026 | $695,000 |
| June 2026 | $11m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 19 March 2026
- Next quarterly (estimated, 10-Q)
- 12 November 2026
Who owns it
6 long-term investors we follow own it, unchanged from 6 last quarter. 135 funds in all.
- GAMCO InvestorsMario Gabelli
- Value
- $3m
- Share of fund
- <0.1%
- Mairs & PowerAndy Adams
- Value
- $130,533
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Pzena Investment ManagementRichard Pzena | $54m | 0.2% | Added |
| Royce & AssociatesChuck Royce | $16m | 0.1% | Added |
| First Eagle Investment ManagementMatthew McLennan | $6m | <0.1% | Added |
| GAMCO InvestorsMario Gabelli | $3m | <0.1% | |
| Boston PartnersBoston Partners team | $2m | <0.1% | New |
| Mairs & PowerAndy Adams | $130,533 | <0.1% |
Sold out this quarter
Largest holders overall
- Pzena Investment Management$54mAdded
- T. Rowe Price Investment Management$42mCut
- BlackRock$41mAdded
- Medina Value Partners$24mAdded
- Zuckerman Investment Group$24m
- Dimensional Fund Advisors LP$19m
- Royce & Associates$16mAdded
- Loomis Sayles & CO L P$13mAdded
- NewEdge Wealth$11mCut
- Goldman Sachs Group$10mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- Peter Christoph SpuhlerPassive investorat least 35.3%(filed with 1 related holder)Since 1 July 2025
- Gerold BuettikerPassive investorat least 13.7%(filed with 1 related holder)Since 1 July 2025
- Pzena Investment ManagementPassive investor5.9%Since 30 September 2025
- T. Rowe Price Investment Management, Inc.Passive investorSold down below 5%Since 31 December 2025
| Holder | Stake | Since | |
|---|---|---|---|
Peter Christoph Spuhler Passive investor | at least 35.3% (filed with 1 related holder) | 1 July 2025 | |
Gerold Buettiker Passive investor | at least 13.7% (filed with 1 related holder) | 1 July 2025 | |
Pzena Investment Management Passive investor | 5.9% | 30 September 2025 | |
T. Rowe Price Investment Management, Inc. Passive investor | Sold down below 5% | 31 December 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 8 insiders bought $588,890 of shares on the open market.
- Schewerda SteffenPres Vehicle Soln & CEO NABought
- Date
- 19 May 2026
- Shares
- 5,000
- Price
- $11.68
- Value
- $58,400
- Scherer Marcus AndreasChief EngineeringBought
- Date
- 19 May 2026
- Shares
- 2,000
- Price
- $12.15
- Value
- $24,300
- Meury Joel MichelPrincipal Accounting OfficerBought
- Date
- 15 May 2026
- Shares
- 500
- Price
- $11.30
- Value
- $5,650
- Schroeder HenningCEO Europe and ROWBought
- Date
- 15 May 2026
- Shares
- 3,000
- Price
- $11.30
- Value
- $33,900
- Portmann MarcoGroup Chief Financial OfficerBought
- Date
- 15 May 2026
- Shares
- 5,000
- Price
- $11.31
- Value
- $56,550
- Schaub Patrick FrancoisDirectorBought
- Date
- 15 May 2026
- Shares
- 6,500
- Price
- $11.41
- Value
- $74,165
- Schaub Patrick FrancoisDirectorBought
- Date
- 5 December 2025
- Shares
- 7,500
- Price
- $12.75
- Value
- $95,625
- Fruithof Barend GerritGroup CEO, DirectorBought
- Date
- 25 November 2025
- Shares
- 5,000
- Price
- $12.01
- Value
- $60,050
- Schewerda SteffenPres Vehicle Soln & CEO NABought
- Date
- 21 November 2025
- Shares
- 5,000
- Price
- $10.68
- Value
- $53,400
- Schenkirsch ThomasChief Group ServicesBought
- Date
- 17 November 2025
- Shares
- 6,500
- Price
- $10.90
- Value
- $70,850
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 19 May 2026 | Schewerda Steffen Pres Vehicle Soln & CEO NA | Bought | 5,000 | $11.68 | $58,400 |
| 19 May 2026 | Scherer Marcus Andreas Chief Engineering | Bought | 2,000 | $12.15 | $24,300 |
| 15 May 2026 | Meury Joel Michel Principal Accounting Officer | Bought | 500 | $11.30 | $5,650 |
| 15 May 2026 | Schroeder Henning CEO Europe and ROW | Bought | 3,000 | $11.30 | $33,900 |
| 15 May 2026 | Portmann Marco Group Chief Financial Officer | Bought | 5,000 | $11.31 | $56,550 |
| 15 May 2026 | Schaub Patrick Francois Director | Bought | 6,500 | $11.41 | $74,165 |
| 5 December 2025 | Schaub Patrick Francois Director | Bought | 7,500 | $12.75 | $95,625 |
| 25 November 2025 | Fruithof Barend Gerrit Group CEO, Director | Bought | 5,000 | $12.01 | $60,050 |
| 21 November 2025 | Schewerda Steffen Pres Vehicle Soln & CEO NA | Bought | 5,000 | $10.68 | $53,400 |
| 17 November 2025 | Schenkirsch Thomas Chief Group Services | Bought | 6,500 | $10.90 | $70,850 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
1 serious warning sign in Aebi Schmidt Holding AG’s filings.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 19 Mar 2026, plus the 10-Q filed 13 Aug 2026 and 5 later 8-Ks.
Weak checks on its own accounts
SeriousThe company said its checks on its own accounts did not work at the end of its latest quarter. Mistakes could slip into the numbers.
“Based on that evaluation as of June 30, 2026 , our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective due to the material weaknesses in internal control over financial reporting described below.”
Show the full paragraph
Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act), as of the end of the period covered by this Quarterly Report. Based on that evaluation as of June 30, 2026 , our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective due to the material weaknesses in internal control over financial reporting described below.
From the 10-Q filed 13 August 2026, Part I, Item 4. Controls and Procedures. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.