BayWa AG (BYW6) AI Stock Analysis

• Market Cap: €2.02B
• Dividend Yield: N/A
• Average Volume (3M): 39.41K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.02
• Revenue Growth: -11.67%
• EPS Growth: -1069.47%
• Country: DE
• Employees: 23,144
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): N/A
• Shares Outstanding: 104,665,410
• 10 Day Avg. Volume: 23,782
• 30 Day Avg. Volume: 39,406
• PEG Ratio: >-0.01
• Price to Book (P/B): -1.45
• Price to Sales (P/S): 0.02
• P/FCF Ratio: 1.13
• 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): -6.12
• Revenue Forecast (FY): €10.06B

• Rating: 45 Neutral
• Price Target: €3.00 ▼(-6.83% Downside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

Score is weighed down primarily by severe financial risk—negative equity, high leverage, and loss-making operations—despite some improvement in operating cash flow. Technical indicators are mixed/neutral and do not offset the fundamental stress, while valuation signals are limited by negative earnings and no dividend data.

Positive Factors

Diversified business mix

A three-segment model spreads cyclical risk across agriculture, energy and building materials. This diversification supports revenue stability, enables cross-selling and logistics synergies, and aligns the company with structurally growing markets like food, construction and energy over months.

Renewables focus & partnerships

A strategic emphasis on solar and wind plus partnerships expands project pipeline and technical capabilities. Structural demand for renewables and energy trading creates recurring revenue potential and scale economies that can drive durable growth and higher utilization over a multi-month horizon.

Improving operating cash flow

Rising operating cash flow despite net losses shows underlying cash-generation ability and operational cash conversion. That liquidity provides runway for debt service, working capital and targeted investments, improving resilience while management addresses profitability and balance sheet repair.

Negative Factors

Negative equity & over‑leverage

Negative equity and extreme leverage create persistent solvency and refinancing risks, constraining access to capital and limiting strategic options. High interest burden and creditor scrutiny can force asset sales or restructuring, impairing long-term investment capacity and growth.

Revenue contraction and net losses

A revenue decline alongside net losses reduces internal funding for capex and growth initiatives. Persistent top-line weakness undermines scale benefits across segments, increases reliance on external financing, and elevates execution risk for strategic renewable and agri projects over the medium term.

Negative operating margins

Sustained negative EBIT/EBITDA points to operational inefficiencies and pricing or cost pressures. Without margin recovery, free cash flow sustainability is impaired, limiting reinvestment and debt reduction, and increasing the likelihood of restructuring or asset disposals to restore profitability.

BayWa AG Business Overview & Revenue Model

Company Description

BayWa Aktiengesellschaft provides wholesale, retail, logistics, and support and consultancy services in Germany and internationally. The company's Renewable Energies segment plans, manages, and constructs wind farms and solar park. It is also involved in the power production activities. Its Energy segment supplies heating oil, fuels, and lubricants, as well as wood pellets and heating solutions. This segment also offers solutions in electromobility, liquified natural gas, and digital mobility fields. The company's Cefetra Group segment trades in grains and oilseeds, starch products, rice and legumes, and organic products. Its Global Produce segment sells dessert pome fruits for wholesalers and retailers in the food industry; and supplies organic pome fruits. It also collects, sorts, stores, packages, and provides services for fruit customers. The company's Agri Trade & Service segment collects, sells, and services value chain stages for farms, as well as supplies seeds, fertilizers, crop protection products, and feedstuffs to farmers. Its Agricultural Equipment segment offers machinery, equipment, and systems for agriculture areas. It offers tractors, combine harvesters, versatile municipal vehicles, road sweeping vehicles, and mobile systems, as well as forklift trucks; wood splitting and chipping machinery, forest milling cutters and mulchers, cable winches, and road and path construction machinery; chainsaws and brush cutters; and maintenance and repair services for machinery and equipment. The company's Building Materials segment trades in building materials for construction companies, tradesmen, commercial enterprises, and municipalities, as well as private developers and homeowners. Its Innovation & Digitalisation segment develops and markets NEXT Farming OFFICE and NEXT Farming LIVE software solutions; and offers analysis and advisory services, as well as hardware components. The company was founded in 1923 and is headquartered in Munich, Germany.

How the Company Makes Money

BayWa AG generates revenue through several key streams. The Agriculture segment contributes substantially by selling agricultural products and providing services to farmers, including logistics and consultancy. The Energy segment earns revenue through the sale and distribution of renewable energy products and services, including solar installations and energy trading. The Building Materials segment derives income from the retail and wholesale distribution of construction materials. Additionally, BayWa benefits from strategic partnerships with other companies and organizations in the renewable energy sector, enhancing its market reach and operational capabilities. Overall, the company’s diverse portfolio allows it to mitigate risks and capitalize on growth opportunities across its various sectors.

BayWa AG Financial Statement Overview

Summary

Weak profitability and contracting revenue, with negative EBIT/EBITDA and net margins. The balance sheet is the biggest risk: negative equity and extreme leverage signal elevated solvency pressure. Improved operating cash flow is a partial offset but not enough to outweigh the structural issues.

Income Statement

BayWa AG's income statement shows a challenging financial year with a decline in revenue and negative profit margins. The gross profit margin has decreased slightly from the previous year, and the net profit margin is negative, indicating losses. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies. Revenue has contracted by 1.49% compared to the previous year, highlighting a need for strategic improvements.

Balance Sheet

The balance sheet reveals significant financial stress, with a negative stockholders' equity indicating insolvency risks. The debt-to-equity ratio is extremely high, suggesting over-leverage. Although the return on equity is positive, it is due to the negative equity, which is not a favorable sign. The equity ratio is negative, further emphasizing financial instability.

Cash Flow

Cash flow analysis shows some positive aspects, with a substantial increase in operating cash flow. However, the free cash flow growth rate is not meaningful due to the previous year's negative free cash flow. The operating cash flow to net income ratio is positive, indicating some ability to generate cash from operations despite net losses. The free cash flow to net income ratio is also positive, suggesting some cash flow efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	17.46B	21.60B	23.99B	27.06B	19.84B	16.48B
Gross Profit	2.34B	2.71B	2.78B	2.81B	2.25B	1.92B
EBITDA	-384.20M	-137.50M	607.60M	851.50M	578.80M	467.10M
Net Income	-1.40B	-1.16B	-98.10M	168.10M	70.70M	35.90M
Balance Sheet
Total Assets	9.12B	10.85B	12.52B	13.90B	11.77B	8.95B
Cash, Cash Equivalents and Short-Term Investments	348.70M	776.60M	234.30M	222.70M	400.40M	169.60M
Total Debt	5.44B	5.71B	6.49B	6.28B	5.12B	4.17B
Total Liabilities	9.76B	10.82B	10.81B	11.99B	9.96B	7.79B
Stockholders Equity	-606.40M	-263.90M	876.70M	999.70M	1.01B	828.80M
Cash Flow
Free Cash Flow	-340.00M	340.30M	-86.60M	-716.30M	-822.60M	342.80M
Operating Cash Flow	-211.40M	941.50M	455.00M	-337.20M	-583.60M	674.80M
Investing Cash Flow	14.80M	-352.00M	-378.70M	-293.20M	-197.20M	-251.50M
Financing Cash Flow	273.60M	-436.00M	-61.00M	451.50M	1.01B	-482.60M

BayWa AG Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.22
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:BYW6, the sentiment is Negative. The current price of 3.22 is above the 20-day moving average (MA) of 3.06, above the 50-day MA of 3.20, and below the 200-day MA of 4.29, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 45.19 is Neutral, neither overbought nor oversold. The STOCH value of 61.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:BYW6.

BayWa AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JEN	76 Outperform	€1.58B	11.61	7.17%	1.97%	-5.27%	-13.70%
TGHN	72 Outperform	€833.69M	5.66	17.81%	5.12%	21.42%	-10.98%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SUR	53 Neutral	€189.17M	160.49	-1.18%	2.75%	-3.01%	-151.69%
BYW6	45 Neutral	€2.02B	-0.42	―	―	-11.67%	-1069.47%
IUR	38 Underperform	€14.14M	-4.00	-21.95%	―	―	―