SBF AG (DE:CY1K)
XETRA:CY1K
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SBF AG
(XETRA:CY1K)
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Rating:44Neutral
Price Target:
€3.50
▼(-39.13% Downside)
Action:Reiterated
Date:06/11/26
The score is held back primarily by multi-year losses and volatile cash generation, despite a more resilient balance sheet and some improvement in 2025 results. Technical signals are also bearish with the price below key moving averages and negative MACD. Valuation offers limited support given a negative P/E and no stated dividend yield.
Positive Factors
Balance sheet resilience
Moderate leverage and a substantial equity base provide structural financial flexibility for a capital-intensive rail supplier. This balance-sheet resilience supports funding of engineered projects, working capital through procurement cycles and selective capex or R&D without immediate refinancing stress.
Negative Factors
Sustained net losses
Multi-year net losses indicate the business has not yet returned to profitability despite improving margins. Persistent negative returns erode shareholder value, limit retained earnings for growth, and mean the company remains reliant on external funding or improved operations to generate sustainable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet resilience
Moderate leverage and a substantial equity base provide structural financial flexibility for a capital-intensive rail supplier. This balance-sheet resilience supports funding of engineered projects, working capital through procurement cycles and selective capex or R&D without immediate refinancing stress.
Read all positive factors
SBF AG (CY1K) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€33.29M
Dividend YieldN/A
Average Volume (3M)1.36K
Price to Earnings (P/E)―
Beta (1Y)1.25
Revenue Growth-14.80%
EPS Growth40.81%
CountryDE
Employees313
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)-0.12
Shares Outstanding9,706,429
10 Day Avg. Volume374
30 Day Avg. Volume1,358
Financial Highlights & Ratios
PEG Ratio1.14
Price to Book (P/B)1.84
Price to Sales (P/S)1.33
P/FCF Ratio66.36
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)0.14
Revenue Forecast (FY)€44.05M
SBF AG Business Overview & Revenue Model
Company Description
SBF AG, operating through its subsidiary SBF Spezialleuchten GmbH, specializes in the conception, manufacturing, and supply of integrated ceiling and lighting solutions designed for both the interior and exterior of rail vehicles. The company's pr...
How the Company Makes Money
SBF AG makes money primarily by selling products and project-based systems through its operating subsidiaries to business customers (B2B), especially rail vehicle manufacturers (OEMs), system integrators, and operators. Key revenue streams typical...
SBF AG Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
66
Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 41.88M | 49.15M | 33.96M | 34.84M | 31.18M |
| Gross Profit | 20.53M | 22.74M | 15.92M | 14.75M | 18.78M |
| EBITDA | 580.33K | 193.66K | ― | 2.34M | 5.30M |
| Net Income | -1.18M | -1.99M | -3.36M | -649.05K | 4.73M |
Balance Sheet | |||||
| Total Assets | 42.77M | 49.36M | 45.39M | 48.95M | 42.48M |
| Cash, Cash Equivalents and Short-Term Investments | 5.20M | 6.73M | 10.80M | 13.70M | 9.85M |
| Total Debt | 7.04M | 9.16M | 6.08M | 7.46M | 7.56M |
| Total Liabilities | 11.90M | 17.86M | 11.86M | 12.11M | 13.29M |
| Stockholders Equity | 30.40M | 31.50M | 33.53M | 36.84M | 29.19M |
Cash Flow | |||||
| Free Cash Flow | 841.00K | -2.80M | -1.27M | -8.05M | -1.01M |
| Operating Cash Flow | 1.68M | -1.78M | 688.00K | -5.07M | 94.00K |
| Investing Cash Flow | -842.00K | -2.95M | -1.79M | 1.02M | -977.00K |
| Financing Cash Flow | -1.67M | -745.00K | -492.00K | 8.21M | 5.08M |
SBF AG Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | €44.06M | 3.13 | 111.53% | ― | -16.84% | ― | |
54 Neutral | €36.66M | -5.77 | -7.77% | 3.62% | -10.78% | -193.68% | |
44 Neutral | €33.29M | -28.25 | -3.85% | ― | -14.80% | 40.81% | |
43 Neutral | €37.49M | 13.37 | 32.90% | ― | 13.02% | ― |
* Industrials Sector Average
DE:CY1K
SBF AG
3.38
-5.62
-62.44%
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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.