Basler AG (BSL) AI Stock Analysis

• Market Cap: €285.25M
• Dividend Yield: N/A
• Average Volume (3M): 12.26K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.36
• Revenue Growth: 6.37%
• EPS Growth: 68.18%
• Country: DE
• Employees: 881
• Sector: Industrials
• Sector Strength: 90
• Industry: Consumer Electronics
• EPS (TTM): 0.16
• Shares Outstanding: 31,500,000
• 10 Day Avg. Volume: 5,562
• 30 Day Avg. Volume: 12,258
• PEG Ratio: -1.55
• Price to Book (P/B): 5.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -55.52
• 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: €10.00
• Price Target Upside: 0.00%
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 58 Neutral
• Price Target: €10.00 ▲(0.00%Upside)

The overall stock score is weighed down by poor financial performance and unattractive valuation. However, strong technical indicators provide a positive short-term outlook, suggesting potential for price appreciation. The absence of dividend yield and negative earnings continue to be significant concerns.

Positive Factors

Margin Improvement

The biggest positive surprise was the significant margin improvements with a gross margin that jumped 350bps YoY to 48.1%.

Order Momentum

The exit rate of 4Q24 showed an improved order momentum with a book-to-bill ratio of 1.3x, which is a significant improvement from 0.9x in the previous quarter.

Revenue Growth

Revenues grew by 37% YoY to €59.5m, particularly due to major projects in China and the USA.

Negative Factors

Dividend Suspension

Management proposed a suspension of a dividend for FY24 to conserve liquidity and restore resilience.

Geopolitical Risks

Geopolitical uncertainties and US tariffs are clouding the outlook.

Revenue Decline

Basler concluded a challenging fiscal year with revenues decreasing by 10% year-over-year.

Basler AG Business Overview & Revenue Model

Company Description

Basler Aktiengesellschaft engages in the development, manufacture, and sale of digital cameras for professional users in Germany and internationally. It offers area scan, line scan, cameras for medical and life sciences, 3D-kamerasa and embedded vision kits; fixed focal lenses; lighting components; frame grabbers; and PC cards for stable operation and a variety of interfaces. The company also provides accessories, such as visualapplets, camera mount adaptors, housing and lens accessories, I/O boards, mounting, and dongles; and network and peripheral devices. Its products are used in factory automation, retail, traffic and transportation, and medical and life sciences applications, as well as in sports and entertainment, security and surveillance, logistics, and agriculture applications. The company was founded in 1988 and is headquartered in Ahrensburg, Germany. Basler Aktiengesellschaft is a subsidiary of Norbert Basler Holding GmbH.

How the Company Makes Money

Basler AG generates revenue primarily through the sale of its extensive range of digital cameras and vision components. The company's product portfolio includes area scan cameras, line scan cameras, and network cameras, as well as camera accessories and software solutions. Basler serves a wide range of industries, with significant revenue contributions from the industrial manufacturing and automation sectors where its products are used for quality control, inspection, and process optimization. Additionally, Basler benefits from strategic partnerships and collaborations with technology providers and system integrators, enhancing its market reach and product offerings. The company's global presence, with subsidiaries and distribution partners, further supports its revenue stream by enabling access to international markets.

Basler AG Financial Statement Overview

Summary

Basler AG's financial performance is challenged by declining revenue and profitability, with a negative net income and EBIT. Despite moderate leverage and recent cash flow improvements, the overall financial health is weak due to ongoing operational challenges.

Income Statement

Basler AG's income statement shows a declining trend in revenue and profitability. Revenue decreased from €270.8 million in 2022 to €184.9 million in 2024. The company is experiencing negative net income and EBIT, indicating operational challenges. The gross profit margin decreased from 48.7% in 2022 to 45.4% in 2024, further highlighting margin pressures.

Balance Sheet

The balance sheet reveals moderate financial stability with a debt-to-equity ratio of 0.58 in 2024, indicating manageable leverage. Stockholders' equity decreased over the years, reflecting potential erosion of financial strength. The equity ratio stands at 53.3% in 2024, suggesting a balanced asset financing structure.

Cash Flow

Cash flow analysis shows improvements with a positive shift in free cash flow from -€9.3 million in 2023 to €4.8 million in 2024. Operating cash flow has also increased, indicating better cash generation capability. However, the free cash flow to net income ratio is not meaningful due to negative net income throughout recent years.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
184.93M	201.81M	270.85M	214.88M	170.41M
	Gross Profit
82.81M	85.72M	131.81M	112.64M	77.16M
	EBIT
-9.78M	-21.90M	28.93M	28.36M	20.06M
	EBITDA
9.44M	4.99M	45.78M	44.87M	35.64M
	Net Income Common Stockholders
-13.77M	-13.81M	21.36M	21.00M	15.11M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
22.26M	32.23M	33.10M	56.68M	49.29M
	Total Assets
233.59M	255.75M	265.53M	227.28M	190.13M
	Total Debt
72.08M	83.72M	68.23M	48.58M	40.03M
	Net Debt
50.76M	51.49M	39.52M	-6.25M	-7.83M
	Total Liabilities
109.18M	116.58M	124.04M	98.62M	75.22M
	Stockholders Equity
124.41M	139.18M	141.49M	128.66M	114.91M
Cash Flow		Free Cash Flow
4.83M	-9.28M	-17.57M	9.61M	22.32M
	Operating Cash Flow
14.64M	4.20M	12.40M	25.33M	37.32M
	Investing Cash Flow
-13.28M	-13.44M	-44.19M	-15.29M	-23.30M
	Financing Cash Flow
-12.32M	12.74M	5.66M	-3.07M	-1.33M

Basler AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.00
• 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:BSL, the sentiment is Positive. The current price of 10 is above the 20-day moving average (MA) of 9.16, above the 50-day MA of 8.83, and above the 200-day MA of 7.72, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 62.99 is Neutral, neither overbought nor oversold. The STOCH value of 71.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:BSL.

Basler AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66 Neutral	$4.52B	12.34	5.41%	3.62%	4.15%	-12.18%
BSL	58 Neutral	€285.25M	―	-3.85%	―	6.37%	68.18%
0NCA		€320.30M	26.17	14.92%	1.52%	―	―
0RK5		€223.54M	3.99	1.95%	―	―	―
0NL1		€387.37M	15.25	18.64%	―	―	―
S9I		€349.70M	42.80	11.46%	1.86%	―	―
AB9	68 Neutral	€342.10M	13.37	12.62%	1.75%	48.95%	-6.11%