Basler AG (BSL) AI Stock Analysis

• Market Cap: €398.29M
• Dividend Yield: N/A
• Average Volume (3M): 30.60K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.40
• Revenue Growth: 6.37%
• EPS Growth: 68.18%
• Country: DE
• Employees: 881
• Sector: Industrials
• Sector Strength: 84
• Industry: Consumer Electronics
• EPS (TTM): N/A
• Shares Outstanding: 31,500,000
• 10 Day Avg. Volume: 15,775
• 30 Day Avg. Volume: 30,599
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: €9.00
• Price Target Upside: -30.02% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 53 Neutral
• Price Target: €12.00 ▼(-6.69% Downside)

Basler AG's overall stock score is primarily influenced by its financial performance challenges, including declining revenues and negative profitability. Recent improvements in cash flow provide some optimism. Technical analysis presents a mixed picture with some short-term positive indicators. However, the negative P/E ratio significantly impacts the valuation score, reflecting market concerns about the company's profitability.

Positive Factors

Financial Performance

BSL made the long-awaited return to profitable double-digit growth.

Revenue Growth

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

Negative Factors

Dividend Policy

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.

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 advanced camera products and vision systems to a broad spectrum of industries. The company offers a range of cameras, including area scan and line scan cameras, each tailored for specific imaging applications. Additionally, Basler provides embedded vision solutions that are increasingly in demand for integrating vision capabilities into complex systems. Key revenue streams include direct sales to industrial customers, partnerships with distributors and system integrators, and custom solutions for specialized applications. The company's strong focus on research and development enables it to continually innovate and maintain a competitive edge, contributing significantly to its financial performance. Furthermore, Basler's global presence and established brand reputation facilitate partnerships and collaborations that enhance its market reach and revenue potential.

Basler AG Financial Statement Overview

Summary

Basler AG's financial performance is under pressure with declining revenue and profitability, as well as negative net income. The balance sheet shows moderate stability with manageable leverage, while recent improvements in cash flow generation provide a glimmer of hope.

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
EBITDA	9.44M	4.99M	45.78M	44.87M	35.64M
Net Income	-13.77M	-13.81M	21.36M	21.00M	15.11M
Balance Sheet
Total Assets	233.59M	255.75M	265.53M	227.28M	190.13M
Cash, Cash Equivalents and Short-Term Investments	22.26M	32.23M	33.10M	56.68M	49.29M
Total Debt	72.08M	83.72M	68.23M	48.58M	40.03M
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: Neutral
• Last Price: 12.86
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:BSL, the sentiment is Neutral. The current price of 12.86 is above the 20-day moving average (MA) of 12.67, above the 50-day MA of 11.41, and above the 200-day MA of 8.30, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 42.97 is Neutral, neither overbought nor oversold. The STOCH value of 6.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:BSL.

Basler AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IVU	75 Outperform	€369.30M	29.93	14.92%	1.35%	8.74%	6.32%
TPE	72 Outperform	€456.75M	16.85	18.64%	―	0.43%	2.78%
MXHN	71 Outperform	€242.51M	4.39	2.17%	―	-8.62%	345.79%
Sector *	63 Neutral	$10.64B	16.04	5.48%	2.12%	2.73%	-23.95%
AB9	61 Neutral	€358.69M	14.02	12.62%	1.70%	48.95%	-6.11%
BSL	53 Neutral	€398.29M	―	-3.85%	―	6.37%	68.18%