olivLaw · European equity research
LINZ TEXTIL HOLDING AG LTH.VI
Austria · Wiener Börse · ISIN AT0000723606 · Vertical: Listed companies from Austria
Linz Textil Holding AG is the holding company of an integrated Austrian textile group, spanning spinning and weaving through to VOSSEN consumer terry products. In fiscal 2025 the group reported revenue of EUR 65,257,506, while earnings before tax fell by 58.5 %, amid competitive pressure and weak textile demand.
At the close of 05 Nov 2026, LINZ TEXTIL HOLDING AG (LTH.VI) stock was 159.00 EUR (+2.58% on the day), with market capitalisation 47.8 m EUR, P/E 48.9 on diluted EPS of 3.25 EUR over the last 12 months, dividend yield 2.51%, beta -0.03, 52-week range 150.00–240.00 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 44.3
- weak (30–45)
- Bollinger (20, 2)
- 154.11 – 165.09
- in the lower half of the band · %B 0.45 · band width 6.9%
- SMA 50 / 200
- 164.76 / 198.82
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -2.43 / -2.65
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −3.6% | −0.6% | −3.0 pp | — |
| 3 months | −2.5% | −4.2% | +1.7 pp | — |
| 6 months | −7.6% | +4.3% | −11.9 pp | — |
| Year to date | unavailable | +7.5% | unavailable | — |
| 1 year | unavailable | +9.9% | unavailable | +5.6% |
| 3 years | unavailable | +49.8% | unavailable | +12.7% |
| 5 years | unavailable | +42.8% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 67 percentile of its own 3-quarter history (min 11.5, median 29.8, max 72.0; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 73.9 m | 68.8 m | 65.3 m |
| Revenue YoY | unavailable | −6.9% | −5.2% |
| Net income | 4.6 m | 2.6 m | 976.2 k |
| Net income YoY | unavailable | −42.3% | −63.0% |
| Diluted EPS | 15.26 | 8.80 | 3.25 |
| Diluted EPS YoY | unavailable | −42.3% | −63.1% |
| net % | 6.2% | 3.8% | 1.5% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 11.2 m EUR
- Financial debt
- 538.2 k EUR
- Net debt
- -10.6 m EUR
- Equity
- 72.9 m EUR
- Total assets
- 85.3 m EUR
- Debt / equity
- 0.01x
- Current ratio
- unavailable
- ROE
- 1.3%
- ROA
- 1.2%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 73.9 m | 68.8 m | 65.3 m | esef· 29 Apr 2026verified |
| Operating income | 5.6 m | 2.9 m | 939.3 k | esef· 29 Apr 2026verified |
| Pre-tax income | 5.9 m | 3.2 m | 1.3 m | esef· 29 Apr 2026verified |
| Income tax | 1.3 m | 572.0 k | 358.4 k | esef· 29 Apr 2026verified |
| Net income | 4.6 m | 2.6 m | 976.2 k | esef· 29 Apr 2026verified |
| Diluted EPS | 15.26 | 8.80 | 3.25 | esef· 29 Apr 2026verified |
| Dividend per share | 7.00 | 20.99 | 4.00 | esef· 29 Apr 2026derived |
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 8.2 m | 5.4 m | 11.2 m | esef· 29 Apr 2026verified |
| Inventories | 16.7 m | 17.6 m | 15.0 m | esef· 29 Apr 2026verified |
| Property, plant & equipment, net | 21.4 m | 19.3 m | 19.4 m | esef· 29 Apr 2026verified |
| Intangibles (excl. goodwill) | 864.0 k | 854.0 k | 899.4 k | esef· 29 Apr 2026verified |
| Total assets | 87.8 m | 84.0 m | 85.3 m | esef· 29 Apr 2026verified |
| Accounts payable | 930.0 k | 1.1 m | 945.2 k | esef· 29 Apr 2026verified |
| Short-term debt | 211.0 k | 276.0 k | 254.5 k | esef· 29 Apr 2026verified |
| Long-term debt | 90.0 k | 443.0 k | 283.6 k | esef· 29 Apr 2026verified |
| Equity | 76.5 m | 72.8 m | 72.9 m | esef· 29 Apr 2026verified |
| Shares outstanding at year end | 300.0 k | 300.1 k | 300.4 k | esef· 29 Apr 2026derived |
Cash flow · EUR
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 33.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 47.8 m EUR
Key indicators
Coverage and freshness
Score by group
33% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 38.00 – 74.09 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E38.00 – 72.22 (Mid 55.38)25 companies used · median multiple 17.0x · quartiles 11.7x – 22.2x1AST.VI, ACAG.VI, AMAG.VI, ANDR.VI, BMAG.VI, CPI.VI, DOC.VI, ETS.VI, EVN.VI, FAA.VI, FACC.VI, FQT.VI, MMK.VI, OMV.VI, POS.VI, POST.VI, PYT.VI, ROS.VI, SBO.VI, STR.VI, SWUT.VI, TKA.VI, VER.VI, VOE.VI, WIE.VI
- Dividend discount (DDM)54.33 – 74.09 (Mid 62.69)
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 33.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 1.1% | 10 (vs peers) | 31% |
| Net margin · Quality | 1.5% | 26 (vs peers) | 19% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 48.9x | 4 (vs peers) | 31% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 2.5% | 36 (on a fixed band) | 19% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality16/100 · 2/3 factors with a value
- Returns· partial36/100 · 1/2 factors with a value
- Valuation· partial4/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
LINZ TEXTIL HOLDING AG (LTH.VI). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 65.3 m EUR in 2025; YoY growth -5.2%; net margin 1.5%; ROE 1.3%.
The estimated value range is 46.16–73.16 EUR per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 59.04 EUR, the price of 159.00 EUR leaves a potential of -62.9% (value / price − 1) and a margin of safety of -169.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 33.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- ROIC: 1.1%
- Net margin: 1.5%
- P/E (TTM): 48.9x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, Current ratio, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Listed companies from Austria · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| OMV.VIOmv Aktiengesellschaft | 35.6 bn | 23.4 | 8.9% | 6.3% | −7.2% | +53% / +86% |
| VER.VIVerbund AG | 26.2 bn | 17.6 | 14.7% | 18.6% | −2.8% | +19% / −14% |
| STR.VIStrabag Se | 11.7 bn | 12.8 | 17.2% | 4.9% | +7.4% | +32% / +168% |
| ANDR.VIAndritz AG | 8.1 bn | 17.7 | 19.3% | 5.8% | −5.2% | +33% / +66% |
| VOE.VIvoestalpine AG | 7.1 bn | 17.0 | 5.7% | 2.8% | −4.3% | +12% / +61% |
| EVN.VIEvn AG | 5.5 bn | 12.5 | 6.9% | 14.6% | +3.8% | +15% / +14% |
| ATS.VIAT & S Austria Technologie & Systemtechnik Aktiengesellschaft | 2.5 bn | — | -2.4% | -1.4% | +12.7% | +238% / +346% |
| DOC.VIDO & CO Aktiengesellschaft | 2.4 bn | 22.2 | 24.0% | 4.3% | +7.1% | +12% / +70% |
| CPI.VICPI Europe AG | 2.2 bn | 4.2 | 12.2% | 68.2% | −6.7% | +1% / −17% |
| POST.VIÖsterreichische Post Aktiengesellschaft | 2.2 bn | 16.4 | 18.3% | 4.3% | −2.6% | +6% / +2% |
| WIE.VIWienerberger AG | 1.9 bn | 11.7 | 5.9% | 3.6% | +1.2% | −40% / −32% |
| LNZ.VILenzing Aktiengesellschaft | 1.8 bn | — | -11.8% | -5.2% | −2.3% | −48% / −65% |
| MMK.VIMayr-Melnhof Karton Aktiengesellschaft | 1.3 bn | 17.1 | 3.6% | 1.9% | −4.8% | −21% / −41% |
| POS.VIPorr AG | 1.2 bn | 10.7 | 12.9% | 1.8% | +1.7% | +6% / +167% |
| AMAG.VIAMAG Austria Metall AG | 1.1 bn | 33.4 | 4.7% | 2.3% | +2.1% | +34% / +19% |
| BMAG.VIPIERER Mobility AG | 1.1 bn | 1.8 | 638.9% | 58.9% | −46.3% | +85% / −47% |
| FQT.VIFrequentis AG | 790.7 m | 28.1 | 15.5% | 4.9% | +20.8% | −14% / +111% |
| ETS.VIEuroTeleSites AG | 745.4 m | 22.3 | 8.8% | 11.9% | +3.7% | −6% / +34% |
| AGR.VIAGRANA Beteiligungs-Aktiengesellschaft | 722.9 m | — | -3.6% | -1.2% | −7.9% | −3% / −15% |
| FACC.VIFacc AG | 602.4 m | 28.4 | 9.1% | 2.2% | +11.3% | +22% / +127% |
| ROS.VIRosenbauer International AG | 591.1 m | 11.9 | 17.4% | 3.5% | +9.4% | +35% / +104% |
| 1AST.VIASTA Energy Solutions AG | 467.7 m | 15.5 | 42.3% | 4.3% | +8.3% | unavailable / unavailable |
| SBO.VISbo AG | 456.6 m | 19.4 | 5.2% | 5.2% | −18.8% | +5% / −30% |
| SEM.VISemperit Aktiengesellschaft Holding | 379.1 m | 902.5 | 0.1% | 0.1% | −2.1% | +39% / +28% |
| ACAG.VIAustriacard Holdings AG | 347.8 m | 25.6 | 11.4% | 4.1% | −8.2% | +76% / +65% |
1- and 3-year price returns: for LTH.VI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 85.01 Total return -45% · Per year -45% | 151.05 Total return -3% · Per year -3% | 228.56 Total return 46% · Per year 46% |
| 3 years | 67.50 Total return -54% · Per year -23% | 136.32 Total return -9% · Per year -3% | 228.56 Total return 51% · Per year 15% |
| 5 years | 53.60 Total return -60% · Per year -17% | 123.03 Total return -14% · Per year -3% | 228.56 Total return 56% · Per year 9% |
- Exit P/E± 34.08
- Net margin± 23.86
- Annual revenue growth± 21.54
- Annual dilution± 2.00
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Linz Textil Holding AG is the holding company of an integrated Austrian textile group, spanning spinning and weaving through to VOSSEN consumer terry products. In fiscal 2025 the group reported revenue of EUR 65,257,506, while earnings before tax fell by 58.5 %, amid competitive pressure and weak textile demand.
SWOT
Strengths
- A very solid equity base and no significant bank debt give stability in difficult periods.
- The VOSSEN brand, a market leader in terry products in the DACH region, is a valuable asset.
- A diversified portfolio with integrated production from yarn to finished goods, plus a real estate segment that provides steady income.
Weaknesses
- The semi-finished textiles segment reported a loss, driven by low capacity utilisation.
- Pre-tax profit fell sharply, and personnel and operating costs remained high relative to revenue.
- Reliance on European markets and German demand makes the group vulnerable to a weaker regional economy.
Opportunities
- Growth in online sales and wider licensed brands could open new customer segments.
- Demand for sustainable textiles and EU-made products could favour certified European producers.
- Synergies between viscose spinning and the technical weaving in Linz could cut costs and lift capacity use.
Threats
- Global overcapacity and Asian competition could keep pressing prices and margins.
- Tariff policy in major markets such as the US could disrupt trade flows and demand.
- Energy costs and CO2 charges could erode the competitiveness of European production.
Risks
- Competitive pressure and overcapacityhigh
Global competition and overcapacity could reduce orders and margins, particularly in finished textiles.
- Under-utilised spinning capacityhigh
Lower demand has left fixed costs in viscose spinning uncovered, with a direct effect on segment results.
- USD currency riskmedium
The group is exposed to euro and US dollar movements in both sales and purchasing. Internal offsetting and forward contracts only partly reduce this exposure.
- Procurement and energy cost riskmedium
Dependence on raw material suppliers and rising energy costs could weigh on margins; long-term contracts only partly mitigate this.
- Customer default risklow
In an increasingly difficult market, higher defaults could affect cash flow, although credit insurance and creditworthiness checks limit exposure.
Investment thesis
What would need to be true (bull case)
- A very solid equity base, the VOSSEN brand and growing online sales could support a recovery in earnings if demand stabilises and spinning synergies materialise.
- If EU policy for sustainable and European-made products favours local producers, the group, with its certifications, could benefit.
- The real estate segment and the absence of significant bank debt provide a defensive financial base during weak demand.
What would break the thesis
- If global overcapacity and price pressure persist, margins could stay under pressure and pre-tax earnings could keep falling.
- Under-used spinning capacity and high fixed costs could generate further losses in the semi-finished segment if demand does not recover.
- Tariff policy and weaker German and Austrian economies could reduce orders, particularly in finished textiles.
What to watch
- Revenue and result trend of the semi-finished textiles segment, including the effect of cost-saving measures2026
- Momentum of online sales and of the Peanuts and bugatti licences2026
- Annual result for fiscal 2026, which management expects to close positively2026
- Trend in energy costs and CO2 pricing for production2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Linz Textil Holding AG is the parent of the Linz Textil group, steering subsidiaries and managing reserve properties. The group is organised into three segments: textile semi-finished goods (spinning and weaving), finished textile products (the VOSSEN brand for consumers) and real estate. At year-end 2025 the equity ratio stood at 85.5 %, which the report says gives the group stability against sector challenges.
Segments
Textile semi-finished goods
The segment includes the Linz spinning and weaving operations and Predionica Klanjec in Croatia, and generated revenue of TEUR 29,549 in 2025, versus TEUR 32,708 a year earlier. It posted a pre-tax loss of TEUR -1,112, reflecting viscose spinning output of 4,579 tonnes, down about 18 %, and cost-saving measures.
Finished textiles and VOSSEN
This segment covers consumer products such as towels and bathrobes made by Vossen GmbH & Co.KG, with the VOSSEN brand as the key success factor. E-commerce grew about 45 % in 2025, and the bugatti and Peanuts licences were added to the portfolio, though segment pre-tax earnings fell to TEUR 224.
Market context
The group operates in the European textile industry, which faces global overcapacity and competitive pressure. Demand was uneven in 2025: a stronger first quarter driven by pre-tariff purchasing, followed by more subdued demand in the second half. The report also cites weak economic conditions in Germany and Austria and US tariff policy.
Trends
- Sustainability and circular economytailwind
The EU push for sustainability, recycling and the circular economy could favour European producers if demand for EU-made goods rises. The group uses certified cotton and FSC viscose and is developing blends with recycled fibres.
- US tariff policy and global competitionheadwind
US tariffs and global overcapacity have strained demand and margins, particularly in the finished textiles segment.
- Energy costsmixed
The production process is energy-intensive. Energy prices eased in 2025, but CO2 pricing remains a burden, and long-term electricity supply contracts limit exposure.
- Online sales and licensed brandsmixed
Online sales and licensed brands (Peanuts, bugatti) open new customer segments and markets beyond the DACH region, but also carry high marketing costs.
Competitive position
The group competes in European and global textiles, where Asian producers and industry overcapacity press on prices. In terry products, VOSSEN defends its position through its brand and its own distribution channels; the sources do not identify a specific competitor listed in the US for this brand.
- Asian textile producers
Competition on price and large production capacity, cited as general pressure from global industry overcapacity.
- European terry and textile producers
Regional competitors in the Central, Southern and Eastern European markets where the group concentrates its distribution.
- Online home-textile retailers
Pressure on the online sales channel, which must be supported by advertising and platform investment.
- Fibre and yarn producers
Suppliers and competitors in spinning, where lower capacity utilisation hit the viscose spinning plant.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202529 Apr 2026
- Annual report 202429 Apr 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / LINZ TEXTIL HOLDING AG · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.