Want to see DE:BWB full AI Analyst Report?
Top Page
Baader Bank AG
(XETRA:BWB)
Select Model
Select Model
Rating:73Outperform
Price Target:
€8.00
▲(16.79% Upside)
Action:Upgraded
Date:06/26/26
The score is primarily supported by improved 2025 financial performance and generally solid (but volatile) cash generation, complemented by constructive technicals with price above major moving averages. A low P/E meaningfully boosts valuation, while cyclicality, cash-flow variability, and 2025 balance-sheet data inconsistencies keep the score from being higher.
Positive Factors
Profitability Rebound
A material 2025 margin recovery indicates the business can generate strong operating leverage when volumes recover. Sustained mid-teens net margins and high operating margin provide durable internal cash generation capacity to fund capex, partner integrations, and buffer cycles over the next 2–6 months.
Negative Factors
Cyclicality of Earnings
Meaningful year-to-year swings reduce earnings visibility and make planning harder for recurring investments or dividend policies. For a capital-markets-focused bank, revenue and profitability remain tied to market cycles, increasing execution and cashflow risk across the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Rebound
A material 2025 margin recovery indicates the business can generate strong operating leverage when volumes recover. Sustained mid-teens net margins and high operating margin provide durable internal cash generation capacity to fund capex, partner integrations, and buffer cycles over the next 2–6 months.
Read all positive factors
Baader Bank AG (BWB) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€331.88M
Dividend Yield1.91%
Average Volume (3M)13.34K
Price to Earnings (P/E)6.5
Beta (1Y)0.27
Revenue Growth28.70%
EPS Growth115.79%
CountryDE
Employees667
SectorFinancial
Sector Strength70
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)1.04
Shares Outstanding48,797,310
10 Day Avg. Volume6,044
30 Day Avg. Volume13,342
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.35
Price to Sales (P/S)0.55
P/FCF Ratio4.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.75
Revenue Forecast (FY)€288.40M
Baader Bank AG Business Overview & Revenue Model
Company Description
Baader Bank Aktiengesellschaft provides investment and banking services in Europe. The company trades in equities, bonds, funds and exchange traded funds, and securitized derivatives, as well as engages in the over-the-counter trading activities. ...
How the Company Makes Money
Baader Bank’s earnings primarily come from capital-markets and securities-services activities. Key revenue streams typically include: (1) Trading and market making income: revenue generated from providing liquidity in financial instruments and exe...
Baader Bank AG Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 571.77M | 247.60M | 344.08M | 249.96M | 218.38M |
| Gross Profit | 290.21M | 227.37M | 328.69M | 144.61M | 305.45M |
| EBITDA | 84.87M | 50.08M | 10.26M | 21.81M | 64.12M |
| Net Income | 50.70M | 23.50M | 2.79M | 8.69M | 46.55M |
Balance Sheet | |||||
| Total Assets | 3.23B | 4.82B | 3.94B | 2.38B | 1.82B |
| Cash, Cash Equivalents and Short-Term Investments | 29.55M | 66.68M | 30.75M | 160.01M | 1.37B |
| Total Debt | 66.69M | 59.81M | 75.63M | 117.64M | 46.84M |
| Total Liabilities | 3.00B | 4.64B | 3.77B | 2.21B | 1.66B |
| Stockholders Equity | 232.26M | 188.62M | 164.76M | 164.04M | 163.52M |
Cash Flow | |||||
| Free Cash Flow | 74.65M | 693.87M | 1.64B | -20.27M | 885.75M |
| Operating Cash Flow | 88.87M | 708.21M | 1.65B | 366.37M | 897.08M |
| Investing Cash Flow | -53.37M | 113.28M | -22.69M | -277.75M | -10.87M |
| Financing Cash Flow | -1.68B | 821.57M | -2.63M | -8.67M | -4.00M |
Baader Bank AG Technical Analysis
Positive
6.85
Price Trends
6.66
Positive
6.67
Positive
6.54
Positive
Market Momentum
<0.01
Positive
54.54
Neutral
2.22
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:BWB, the sentiment is Positive. The current price of 6.85 is above the 20-day moving average (MA) of 6.70, above the 50-day MA of 6.66, and above the 200-day MA of 6.54, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.54 is Neutral, neither overbought nor oversold. The STOCH value of 2.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:BWB.
Baader Bank AG Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €4.20B | 26.21 | 18.79% | 0.11% | 16.62% | 45.52% | |
73 Outperform | €331.88M | 6.53 | 24.60% | 1.91% | 28.70% | 115.79% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | €168.94M | 3.48 | 54.58% | 8.03% | 61.13% | 119.04% | |
51 Neutral | €185.17M | 132.50 | 12.06% | 0.85% | ― | ― |
* Financial Sector Average
DE:BWB
Baader Bank AG
6.80
1.99
41.25%
DE:FTK
flatexDEGIRO AG
38.18
11.83
44.88%
DE:QB7
Quirin Privatbank AG
3.18
-0.13
-3.96%
DE:NF4
Netfonds AG
79.50
36.84
86.36%
DE:LUS1
Lang & Schwarz AG
17.85
-3.25
-15.40%
DE:T2G
Tradegate AG Wertpapierhandelsbank
85.00
-0.51
-0.59%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.