DF Deutsche Forfait AG (DE:DFTK)
XETRA:DFTK
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DF Deutsche Forfait
(XETRA:DFTK)
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Rating:54Neutral
Price Target:
€1.50
▲(8.70% Upside)
Action:Reiterated
Date:05/04/26
The score is primarily held back by unstable earnings and cash-flow reliability (net loss in 2025 and large cash-flow swings), partially offset by a comparatively solid balance sheet with reduced debt. Technical indicators are mildly negative, while valuation support comes mainly from the dividend yield since the provided P/E is not meaningful.
Positive Factors
Specialized trade‑finance model
DF’s focus on forfaiting and trade‑finance creates recurring spread and fee income from purchasing and structuring receivables. That niche business model builds durable client relationships with exporters, importers and banks, supporting repeatable revenue over months.
Negative Factors
Cash‑flow volatility
Operating cash flow swung materially across periods, with a severe 2024 outflow and only marginal recovery in 2025. Irregular cash conversion raises refinancing risk, complicates predictable deal funding, limits reinvestment and stresses liquidity management.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialized trade‑finance model
DF’s focus on forfaiting and trade‑finance creates recurring spread and fee income from purchasing and structuring receivables. That niche business model builds durable client relationships with exporters, importers and banks, supporting repeatable revenue over months.
Read all positive factors
DF Deutsche Forfait (DFTK) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€18.37M
Dividend Yield6.22%
Average Volume (3M)1.08K
Price to Earnings (P/E)―
Beta (1Y)-0.17
Revenue Growth9.93%
EPS Growth-206.27%
CountryDE
Employees18
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.17
Shares Outstanding11,887,483
10 Day Avg. Volume891
30 Day Avg. Volume1,083
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.40
Price to Sales (P/S)1.01
P/FCF Ratio0.00
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)N/A
Revenue Forecast (FY)N/A
DF Deutsche Forfait Business Overview & Revenue Model
Company Description
DF Deutsche Forfait (DFTK) is a financial services company specializing in forfaiting and trade finance solutions. The company operates primarily in the international trade sector, providing services that facilitate export transactions by mitigati...
How the Company Makes Money
The company primarily makes money through trade-finance activities centered on purchasing, structuring, and financing trade receivables (forfaiting). In practice, it earns (1) interest and discount income: when it buys receivables or provides fina...
DF Deutsche Forfait Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
71
Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.29M | 10.46M | 29.54M | 11.10M | 9.95M |
| Gross Profit | 4.94M | 9.50M | 8.42M | 10.59M | 9.31M |
| EBITDA | 1.80M | 4.61M | 4.52M | 6.93M | 5.79M |
| Net Income | -1.99M | 1.88M | 1.66M | 5.40M | 6.76M |
Balance Sheet | |||||
| Total Assets | 43.97M | 52.59M | 49.58M | 46.96M | 40.65M |
| Cash, Cash Equivalents and Short-Term Investments | 20.98M | 28.61M | 42.31M | 23.86M | 7.05M |
| Total Debt | 10.00M | 15.46M | 16.17M | 16.28M | 16.43M |
| Total Liabilities | 15.12M | 21.85M | 20.78M | 19.40M | 18.49M |
| Stockholders Equity | 28.85M | 30.74M | 28.80M | 27.56M | 22.16M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -9.88M | 18.29M | 16.75M | -19.94M |
| Operating Cash Flow | 260.09K | -9.83M | 18.29M | 16.80M | -18.51M |
| Investing Cash Flow | 1.56M | -930.14K | 704.48K | -53.55K | -1.44M |
| Financing Cash Flow | -6.15M | -2.29M | -679.15K | -183.83K | -126.17K |
DF Deutsche Forfait Technical Analysis
Negative
1.38
Price Trends
1.80
Negative
2.13
Negative
1.74
Negative
Market Momentum
-0.08
Negative
34.73
Neutral
40.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:DFTK, the sentiment is Negative. The current price of 1.38 is below the 20-day moving average (MA) of 1.67, below the 50-day MA of 1.80, and below the 200-day MA of 1.74, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 34.73 is Neutral, neither overbought nor oversold. The STOCH value of 40.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:DFTK.
DF Deutsche Forfait Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €329.94M | 6.53 | 24.60% | 1.91% | 13.36% | 115.81% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | €581.14M | 20.39 | 7.56% | ― | 0.04% | 90.09% | |
54 Neutral | €18.37M | -9.23 | -6.50% | 6.22% | 9.93% | -206.27% | |
54 Neutral | €60.62M | 15.08 | 10.77% | 3.06% | -4.39% | -36.21% | |
54 Neutral | €604.44M | 7.92 | 5.74% | 2.63% | 14.40% | 10.33% | |
42 Neutral | €496.48M | -1.61 | -10.36% | 3.61% | -25.75% | -496.17% |
* Financial Sector Average
DE:DFTK
DF Deutsche Forfait
1.55
0.03
2.32%
DE:ALG
ALBIS Leasing
2.86
0.17
6.28%
DE:PBB
Deutsche Pfandbriefbank
3.69
-1.82
-33.06%
DE:GLJ
GRENKE AG
13.00
-0.46
-3.41%
DE:HYQ
HYPOPORT
86.95
-109.85
-55.82%
DE:BWB
Baader Bank AG
6.80
2.38
53.85%
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.