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Douglas AG (DE:DOU)
XETRA:DOU
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Douglas AG (DOU) AI Stock Analysis

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DE:DOU

Douglas AG

(XETRA:DOU)

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Neutral 57 (OpenAI - 5.2)
Rating:57Neutral
Price Target:
€8.00
▼(-27.40% Downside)
Action:Reiterated
Date:06/26/26
The score is primarily supported by strong top-line momentum and robust operating/free cash flow, but it is held back by sharp margin deterioration and a still debt-heavy balance sheet. Technically, the stock remains in a pronounced downtrend (below all major moving averages with negative MACD), which further pressures the overall rating, while the P/E looks only moderately supportive without dividend yield.
Positive Factors
Revenue & Cash Generation
Sustained double‑digit revenue growth and robust operating/free cash flow provide durable financial flexibility. Strong cash generation supports reinvestment in omnichannel capabilities, funds debt reduction or strategic initiatives, and cushions the business against cyclical retail pressures.
Negative Factors
Margin Compression
A large, persistent decline in gross and net margins materially reduces earnings quality and cash conversion. For a retailer with fixed operating costs, margin erosion pressures profitability, limits ability to service debt, and could force structural changes in sourcing, pricing, or promotional intensity.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Cash Generation
Sustained double‑digit revenue growth and robust operating/free cash flow provide durable financial flexibility. Strong cash generation supports reinvestment in omnichannel capabilities, funds debt reduction or strategic initiatives, and cushions the business against cyclical retail pressures.
Read all positive factors

Douglas AG (DOU) vs. iShares MSCI Germany ETF (EWG)

Douglas AG Business Overview & Revenue Model

Company Description
Douglas AG retails beauty products in Europe. It operates in five segments: DACHNL, France, Southern Europe, Central Eastern Europe, and Parfumdreams/Niche Beauty. The company offers beauty products, including perfume, skin care, color cosmetics, ...
How the Company Makes Money
Douglas AG primarily makes money by retailing beauty products to consumers through two main channels: (1) brick-and-mortar stores and (2) online shops/apps. Revenue is generated from the sale of third-party branded products (e.g., fragrances, skin...

Douglas AG Financial Statement Overview

Summary
Strong revenue growth (+23.2% TTM) and solid cash generation (OCF ~€586m; FCF ~€516m) support the business. However, profitability has deteriorated sharply (gross margin ~29.3% vs ~44.5% in FY2025; net margin ~1.1% vs ~3.8%), and leverage remains elevated (debt ~€2.31bn vs equity ~€0.97bn; ~2.37x debt-to-equity), which increases risk if margin pressure persists.
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
73
Positive
BreakdownTTMSep 2025Sep 2024Sep 2023Sep 2022Sep 2021
Income Statement
Total Revenue4.61B4.58B4.45B4.09B3.68B3.12B
Gross Profit1.35B2.04B2.04B897.20M725.90M365.10M
EBITDA716.70M757.90M695.70M695.90M267.40M64.10M
Net Income51.60M175.40M84.00M16.70M-313.70M-387.60M
Balance Sheet
Total Assets4.72B4.70B4.48B4.63B4.51B4.59B
Cash, Cash Equivalents and Short-Term Investments150.80M48.00M92.40M262.30M245.30M240.40M
Total Debt2.31B2.33B2.40B4.41B4.34B4.16B
Total Liabilities3.75B3.75B3.72B5.88B5.80B5.57B
Stockholders Equity971.30M941.20M762.70M-1.26B-1.29B-986.60M
Cash Flow
Free Cash Flow515.50M629.30M683.60M288.20M222.60M152.30M
Operating Cash Flow586.00M629.30M683.60M397.70M308.20M244.60M
Investing Cash Flow-167.60M-168.30M-159.60M-104.10M-101.50M-81.80M
Financing Cash Flow-329.20M-510.70M-689.30M-278.60M-200.50M-178.50M

Douglas AG Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
* General Sector Average
Performance Comparison
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.Date of analysis: Jun 26, 2026