FinLab AG (A7A) AI Stock Analysis

• Market Cap: €143.29M
• Dividend Yield: N/A
• Average Volume (3M): 4.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.81
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: DE
• Employees: 9
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 4.82
• Shares Outstanding: 9,011,768
• 10 Day Avg. Volume: 3,378
• 30 Day Avg. Volume: 4,206
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 22.81
• P/FCF Ratio: -41.34
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.5
• Revenue Forecast (FY): €423.51K

• Rating: 48 Neutral
• Price Target: €15.50 ▼(-2.52% Downside)

FinLab AG's overall stock score is primarily influenced by financial performance challenges, particularly in profitability and cash flow. Technical indicators suggest a bearish trend, but oversold conditions could offer a rebound opportunity. Valuation uncertainty further impacts the score.

Positive Factors

Focused fintech investment platform

A dedicated fintech holding model provides durable strategic clarity and sector expertise. By concentrating resources and support on financial services and technology, the company can cultivate differentiated deal flow, add operational value to portfolio firms, and capture long‑term upside from sector secular growth.

Healthy equity ratio / balance sheet stability

A strong equity ratio and only modest leverage give the firm lasting financial flexibility to fund investments, support portfolio companies through cycles, and withstand valuation drawdowns without immediate forced disposals, underpinning multi‑period value creation.

Recent revenue growth

Sustained revenue gains indicate improving business activity or monetization of investments. Over a 2–6 month horizon, rising revenues support reinvestment capacity and validate portfolio progress, strengthening the base for future realized gains and recurring income channels.

Negative Factors

Negative operating cash flow

Persistent negative operating cash flow and inconsistent free cash flow weaken internal funding for operations and portfolio support. This structural cash generation shortfall can force reliance on external financing or asset sales, constraining strategic flexibility over time.

Profitability and margin volatility

Material swings in net income and operating margins reduce earnings predictability and raise execution risk for a holding company. Volatile profitability complicates planning, dividend capacity, and investor returns, and can hinder the firm’s ability to consistently fund or scale portfolio initiatives.

Revenue dependent on realizations and portfolio value changes

A business model reliant on exits and mark‑to‑market portfolio valuations produces lumpy, timing‑sensitive income. Structural dependence on successful exits and market liquidity increases earnings volatility and exposes results to macro and exit‑market cycles over the medium term.

FinLab AG Business Overview & Revenue Model

Company Description

Heliad AG (formerly known as FinLab AG) is a venture capital firm specializing in growth capital, early venture and follow-on investment in fintech companies. The firm also tends to make fund of fund investments in venture capital funds. It prefers to invest in blockchain, online financial services and financial technology and software sector. It seeks to invest in Germany, Europe, and globally, primarily in the United States and Asia. For fund of fund investments, the firm seeks to invest in funds specializing in fintech companies especially in the US and Asia. It also considers co-investment opportunities. It makes both minority and majority venture capital investments. Heliad AG was founded in 2003 and is based in Frankfurt am Main, Germany.

How the Company Makes Money

FinLab AG generates revenue through a diversified model primarily centered around equity stakes in its portfolio companies. The company invests in early-stage fintech startups, which allows it to benefit from the growth and success of these businesses through capital appreciation and potential exit strategies, such as IPOs or acquisitions. Additionally, FinLab AG may earn management fees and performance-based incentives from its investments. Strategic partnerships with established financial institutions and other investors also enhance its revenue opportunities by providing access to larger markets and co-investment opportunities, contributing to its overall earnings.

FinLab AG Financial Statement Overview

Summary

FinLab AG shows promising revenue growth but faces challenges with profitability and cash flow volatility. The balance sheet is stable, yet operational cash generation needs improvement.

Income Statement

FinLab AG shows a significant increase in revenue from the previous year, indicating strong growth. However, the net income has fluctuated considerably, with prior periods showing losses, which impacts the net profit margin negatively. The EBIT and EBITDA margins are inconsistent, reflecting volatility in operational efficiency.

Balance Sheet

The company has a healthy equity ratio, demonstrating strong financial stability. However, the debt-to-equity ratio is modest, indicating manageable leverage. The return on equity has varied greatly, peaking in 2024, which suggests potential for high returns but also highlights past instability.

Cash Flow

The operating cash flow has been negative in recent years, posing concerns about liquidity. Free cash flow has also been inconsistent, with negative values indicating potential cash constraints. The company needs to improve operational cash generation to enhance financial health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.97M	3.67M	4.24M	2.06M	5.42M	3.30M
Gross Profit	1.33M	1.41M	-182.00K	2.08M	7.50M	2.89M
EBITDA	79.60M	32.13M	-18.17M	486.63K	198.18K	-632.69K
Net Income	72.24M	30.57M	-15.61M	2.04M	-347.58K	341.98K
Balance Sheet
Total Assets	96.45M	97.64M	91.27M	60.85M	59.28M	58.92M
Cash, Cash Equivalents and Short-Term Investments	2.65M	6.66M	10.42M	2.76M	8.47M	6.23M
Total Debt	19.84M	18.41M	14.94M	46.00K	39.00K	78.00K
Total Liabilities	21.43M	21.05M	17.43M	1.98M	2.45M	2.36M
Stockholders Equity	75.03M	76.60M	73.85M	58.87M	56.84M	56.56M
Cash Flow
Free Cash Flow	-1.18M	-2.02M	721.00	3.41K	50.80K	2.23M
Operating Cash Flow	-1.18M	-2.02M	721.00	3.41K	50.80K	2.26M
Investing Cash Flow	-1.09M	-4.24M	-1.64K	-9.02K	0.00	-2.67M
Financing Cash Flow	1.00M	2.50M	8.66M	0.00	0.00	-203.00K

FinLab AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:A7A, the sentiment is Positive. The current price of 15.9 is above the 20-day moving average (MA) of 15.61, above the 50-day MA of 15.06, and above the 200-day MA of 14.75, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 60.96 is Neutral, neither overbought nor oversold. The STOCH value of 69.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:A7A.

FinLab AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
B7E	63 Neutral	€83.89M	3.99	8.40%	3.71%	-29.22%	―
MUX	61 Neutral	€692.45M	18.22	4.23%	6.77%	14.56%	―
BKHT	50 Neutral	€190.47M	-3.27	―	1.41%	8.80%	-1561.66%
A7A	48 Neutral	€143.29M	―	―	―	―	―