SBF AG (DE:CY1K)
XETRA:CY1K
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SBF AG
(XETRA:CY1K)
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Rating:48Neutral
Price Target:
€4.50
▼(-21.74% Downside)
Action:N/ADate:01/04/26
The score is primarily constrained by multi-year net losses and weak cash generation (negative free cash flow and negative operating cash flow in 2024). Technical indicators are broadly neutral with only mild positive momentum, while valuation is hampered by a negative P/E and no dividend support.
Positive Factors
Revenue Rebound
A 22.8% revenue rebound in 2024 indicates recovering demand for rolling-stock components and stronger series-production program activity. Sustained top-line growth helps absorb fixed costs, supports capacity utilization, and provides a foundation to restore operating profitability over multiple quarters.
Negative Factors
Persistent Net Losses
Multi-year net losses and a negative 2024 EBIT margin indicate structural profitability issues. Continued operating deficits erode retained earnings and hinder reinvestment, increasing reliance on external financing and making it harder to achieve sustained returns for shareholders without clear path to positive operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
A 22.8% revenue rebound in 2024 indicates recovering demand for rolling-stock components and stronger series-production program activity. Sustained top-line growth helps absorb fixed costs, supports capacity utilization, and provides a foundation to restore operating profitability over multiple quarters.
Read all positive factors
SBF AG (CY1K) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€35.14M
Dividend YieldN/A
Average Volume (3M)1.36K
Price to Earnings (P/E)―
Beta (1Y)0.68
Revenue GrowthN/A
EPS GrowthN/A
CountryDE
Employees313
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)N/A
Shares Outstanding9,706,429
10 Day Avg. Volume374
30 Day Avg. Volume1,358
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)0.86
Price to Sales (P/S)0.55
P/FCF Ratio-9.69
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)0.07
Revenue Forecast (FY)€43.00M
SBF AG Business Overview & Revenue Model
Company Description
SBF AG, through its subsidiary, SBF Spezialleuchten GmbH, engages in the development, manufacture, and distribution of ceiling and lighting systems for indoor and outdoor rail vehicles. The company primarily serves rail vehicle manufacturers. It a...
How the Company Makes Money
SBF AG makes money primarily by selling manufactured components, assemblies, and systems to customers in the rail/rolling-stock value chain (e.g., rail vehicle OEMs and operators), generating revenue from (1) product sales tied to series productio...
SBF AG Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
66
Positive
Cash Flow
35
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 46.20M | 49.15M | 33.96M | 34.84M | 31.18M | 21.40M |
| Gross Profit | 10.17M | 22.74M | 15.92M | 14.75M | 18.78M | 7.30M |
| EBITDA | 1.35M | 193.66K | ― | 2.34M | 5.30M | 3.29M |
| Net Income | -697.72K | -1.99M | -3.36M | -649.05K | 4.73M | 2.09M |
Balance Sheet | ||||||
| Total Assets | 46.51M | 49.36M | 45.39M | 48.95M | 42.48M | 30.05M |
| Cash, Cash Equivalents and Short-Term Investments | 6.08M | 6.73M | 10.80M | 13.70M | 9.85M | 3.81M |
| Total Debt | 7.91M | 9.16M | 6.08M | 7.46M | 7.56M | 8.74M |
| Total Liabilities | 15.65M | 17.86M | 11.86M | 12.11M | 13.29M | 13.38M |
| Stockholders Equity | 30.86M | 31.50M | 33.53M | 36.84M | 29.19M | 16.67M |
Cash Flow | ||||||
| Free Cash Flow | -2.80M | -2.80M | -1.27M | -8.05M | -1.01M | -2.99M |
| Operating Cash Flow | -1.78M | -1.78M | 688.00K | -5.07M | 94.00K | 17.00K |
| Investing Cash Flow | -2.95M | -2.95M | -1.79M | 1.02M | -977.00K | -3.83M |
| Financing Cash Flow | -745.00K | -745.00K | -492.00K | 8.21M | 5.08M | 5.36M |
SBF AG Peers Comparison
UnderperformOutperform
Sector (63)
DE:CY1K
SBF AG
3.62
-1.68
-31.70%
GB:0N2B
MS Industrie
1.27
-0.51
-28.65%
GB:0NHL
Progress Werk Oberkirch
24.40
-4.83
-16.52%
GB:0FWF
SMT Scharf
7.00
0.00
0.00%
GB:0N2Z
Vossloh
70.50
8.85
14.35%
DE:TSS
InnoTec TSS AG
7.60
1.26
19.87%
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.