Borussia Dortmund GmbH & Co. KGaA (BVB) AI Stock Analysis

• Market Cap: €359.83M
• Dividend Yield: 1.84%
• Average Volume (3M): 134.99K
• Price to Earnings (P/E): 12.9
• Beta (1Y): 0.54
• Revenue Growth: 2.24%
• EPS Growth: N/A
• Country: DE
• Employees: 1,044
• Sector: Communication Services
• Sector Strength: 97
• Industry: Entertainment
• EPS (TTM): 0.21
• Shares Outstanding: 110,396,220
• 10 Day Avg. Volume: 196,161
• 30 Day Avg. Volume: 134,991
• PEG Ratio: -0.78
• Price to Book (P/B): 1.33
• Price to Sales (P/S): 0.76
• P/FCF Ratio: 8.89
• 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: €5.10
• Price Target Upside: 56.44% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: €3.50 ▲(7.36% Upside)

Borussia Dortmund's overall stock score reflects a balanced view of its financial stability and valuation against technical weaknesses. Strong gross margins and a stable balance sheet are offset by challenges in cash flow and revenue growth. The technical analysis indicates potential price weakness, while the valuation suggests the stock is fairly priced.

Positive Factors

Strong Gross Profit Margins

High gross profit margins indicate effective cost management and pricing power, which can support long-term profitability and competitive positioning.

Stable Balance Sheet

A stable balance sheet with low leverage enhances financial flexibility, allowing the company to invest in growth opportunities and weather economic downturns.

Strong Brand Identity

A strong brand identity supports merchandising sales and sponsorship deals, providing a durable revenue stream and enhancing market presence.

Negative Factors

Challenges in Cash Flow Generation

Negative free cash flow indicates potential liquidity issues and limits the company's ability to reinvest in business operations or reduce debt.

Decline in Revenue Growth

A decline in revenue growth suggests challenges in market expansion and competitiveness, potentially impacting future profitability and shareholder value.

Low Net Profit Margin

A low net profit margin indicates limited profitability, which can constrain the company's ability to generate returns for shareholders and invest in growth initiatives.

Borussia Dortmund GmbH & Co. KGaA Business Overview & Revenue Model

Company Description

Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien, through its subsidiaries, operates a football club in Germany. The company operates a football club in Dortmund under the SIGNAL IDUNA PARK name, including a professional football squad. It also provides transfer services that include compensation payments for players, catering, TV marketing, advertising comprising marketing and sponsoring activities, and match operations, as well as internet, media, hospitality services. In addition, the company sells merchandise; conducts stadium tours, sports travel, conferences, incentive trips, and various other events; provides arrangements for event staffing services, and hotel and car hire bookings; and offers travel services by air, ship, and rail, as well as travel agency services. Further, it holds interest in medical rehabilitation center. The company was founded in 1909 and is based in Dortmund, Germany.

How the Company Makes Money

Borussia Dortmund generates revenue through several key streams. Matchday revenues from ticket sales, hospitality, and concessions form a significant portion, particularly due to the club's large stadium capacity and loyal fan attendance. Broadcasting rights are another critical revenue source, as BVB benefits from lucrative deals both domestically and internationally. Merchandising sales, including team apparel and memorabilia, contribute significantly to earnings, bolstered by the club's strong brand identity. Sponsorship and advertising partnerships with various companies provide additional financial support, often involving prominent brands that align with the club's market image. Finally, player transfers can also yield substantial profit, particularly when BVB successfully develops young talent and sells them to larger clubs.

Borussia Dortmund GmbH & Co. KGaA Financial Statement Overview

Summary

Borussia Dortmund's financial performance is mixed. Strong gross profit margins and a stable balance sheet with low leverage are positives. However, challenges in revenue growth, profitability, and cash flow generation indicate areas for improvement. Operational efficiency and cash management need enhancement.

Income Statement

Borussia Dortmund's income statement shows a mixed performance. The TTM data reveals a slight decline in revenue growth at -5.8%, indicating potential challenges in maintaining top-line growth. However, the company maintains a strong gross profit margin of 79.3%, showcasing effective cost management. The net profit margin is modest at 1.2%, suggesting limited profitability. EBIT and EBITDA margins are relatively low at 3.0% and 22.6%, respectively, indicating room for improvement in operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with a low debt-to-equity ratio of 0.14, indicating conservative leverage. The return on equity is modest at 1.97%, suggesting limited returns for shareholders. The equity ratio stands at 50.7%, demonstrating a solid equity base relative to total assets. Overall, the balance sheet suggests financial stability but highlights the need for improved profitability to enhance shareholder returns.

Cash Flow

The cash flow statement indicates challenges in cash generation. The TTM free cash flow is negative, with a significant decline of 66.5% compared to the previous period, raising concerns about cash sustainability. The operating cash flow to net income ratio is 0.31, suggesting moderate cash conversion efficiency. The negative free cash flow to net income ratio of -1.25 highlights the need for better cash management and operational improvements.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	538.73M	573.82M	509.11M	418.24M	351.64M	334.17M
Gross Profit	427.55M	546.46M	476.40M	394.13M	329.00M	314.58M
EBITDA	148.69M	115.85M	158.16M	126.52M	84.96M	39.24M
Net Income	27.87M	6.50M	44.31M	9.55M	-31.89M	-72.81M
Balance Sheet
Total Assets	689.52M	615.65M	589.68M	511.83M	455.06M	450.52M
Cash, Cash Equivalents and Short-Term Investments	35.84M	20.63M	4.36M	4.50M	10.57M	1.73M
Total Debt	12.41M	47.11M	40.58M	34.59M	17.18M	77.96M
Total Liabilities	340.12M	289.32M	262.67M	229.13M	185.28M	217.88M
Stockholders Equity	349.40M	326.33M	327.01M	282.70M	273.15M	232.64M
Cash Flow
Free Cash Flow	-24.19M	48.78M	-92.86M	-93.44M	-46.04M	-75.78M
Operating Cash Flow	87.72M	57.71M	47.20M	54.43M	35.07M	15.95M
Investing Cash Flow	-25.91M	-36.73M	-51.59M	-76.75M	-51.36M	-62.02M
Financing Cash Flow	-30.43M	-4.71M	4.25M	16.25M	25.14M	52.51M

Borussia Dortmund GmbH & Co. KGaA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.26
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:BVB, the sentiment is Negative. The current price of 3.26 is below the 20-day moving average (MA) of 3.31, below the 50-day MA of 3.29, and below the 200-day MA of 3.50, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.48 is Neutral, neither overbought nor oversold. The STOCH value of 21.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:BVB.

Borussia Dortmund GmbH & Co. KGaA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PUM	71 Outperform	$3.18B	-11.25	-12.22%	2.83%	-2.90%	-211.60%
EVD	68 Neutral	€6.81B	23.73	29.88%	2.13%	11.15%	14.71%
BVB	62 Neutral	€359.83M	12.89	8.22%	1.84%	2.24%	―
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%