elumeo SE (ELB) AI Stock Analysis

• Market Cap: €13.16M
• Dividend Yield: N/A
• Average Volume (3M): 2.11K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.52
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: DE
• Employees: 201
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): N/A
• Shares Outstanding: 5,927,420
• 10 Day Avg. Volume: 5,977
• 30 Day Avg. Volume: 2,110
• PEG Ratio: >-0.01
• Price to Book (P/B): 2.90
• Price to Sales (P/S): 0.27
• P/FCF Ratio: -57.40
• 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): 0.12
• Revenue Forecast (FY): €41.05M

• Rating: 47 Neutral
• Price Target: €2.00 ▼(-11.50% Downside)
• Action: Reiterated Date: 01/10/26
• Date: Action: Reiterated 01/10/26

The score is primarily held back by weak financial performance (declining revenue, losses, and negative operating/free cash flow). Technicals provide partial support with the price above key moving averages and a slightly positive MACD, but overbought RSI/Stoch signals temper the near-term outlook. Valuation cannot be evaluated due to missing P/E and dividend yield.

Positive Factors

Direct-to-consumer e‑commerce model

A pure digital DTC model reduces fixed retail overhead and supports scalable customer acquisition and margin improvement over time. Direct customer data enables repeatability in marketing, product testing, and international expansion, supporting durable revenue channels if execution stabilizes.

Commitment to transparency & sustainability

A clear focus on ethical sourcing and sustainability builds long-term brand trust in the luxury segment, improving customer loyalty and enabling premium positioning. It also lowers regulatory and reputational risk and can secure stable supplier partnerships that support consistent product quality.

Global digital reach and product diversity

Operating online to a global audience across multiple jewelry categories diversifies revenue exposure versus single-market reliance. Product breadth reduces concentration risk, allows cross-selling, and provides structural growth avenues through geographies and collections over the medium term.

Negative Factors

Declining revenue and negative profitability

Falling top-line and a negative net margin indicate the business is contracting while failing to cover costs. Persisting revenue decline erodes economies of scale, pressures gross and operating margins, and hampers reinvestment capacity, threatening long-term competitiveness if trends continue.

Persistent negative operating and free cash flow

Sustained negative operating and free cash flow create liquidity pressure and force reliance on external financing or equity raises. This constrains capital allocation to marketing, inventory, and product development, limiting the company's ability to execute strategic growth initiatives over the medium term.

Balance sheet deterioration and leverage

Moderate-to-high leverage coupled with falling equity and assets reduces financial flexibility and increases refinancing risk. A thinner equity buffer limits resilience to revenue shocks and could raise funding costs or constrain strategic investments, weakening long-term stability.

elumeo SE Business Overview & Revenue Model

Company Description

elumeo SE (ELB) is a leading digital retailer specializing in high-quality gemstone jewelry, primarily focusing on the online sale of fine jewelry crafted from ethically sourced gemstones. The company operates across multiple sectors including e-commerce and luxury goods, offering a diverse range of products that include rings, necklaces, bracelets, and earrings. With a commitment to transparency and sustainability, elumeo SE leverages its digital platform to reach a global customer base, providing a unique shopping experience that emphasizes the beauty and quality of its gemstone offerings.

How the Company Makes Money

elumeo SE generates revenue primarily through the sale of its gemstone jewelry products via its online platform. The company's revenue model is heavily reliant on direct-to-consumer sales, which are facilitated by its user-friendly website and marketing strategies that attract a broad audience. Key revenue streams include the sale of finished jewelry pieces, accessories, and special collections. Additionally, elumeo SE may engage in partnerships with gemstone suppliers and ethical sourcing organizations to ensure a steady supply of high-quality materials, which can enhance product offerings and customer trust. The company's focus on e-commerce also allows for lower overhead costs compared to traditional retail, further contributing to its profitability.

elumeo SE Financial Statement Overview

Summary

Overall fundamentals are weak: revenue declined (-4.41% from 2023 to 2024), profitability turned negative (net margin -10.19% with negative EBIT/EBITDA margins), and cash generation is pressured with consistently negative operating cash flow and weak free cash flow.

Income Statement

elumeo SE's income statement reveals significant challenges with declining revenue and profitability. The company experienced a negative revenue growth rate of -4.41% from 2023 to 2024. Gross profit margin decreased, and net income turned negative in 2024 with a net profit margin of -10.19%. Additionally, both EBIT and EBITDA margins were negative, indicating operational inefficiencies and financial distress.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 0.76 in 2024, indicating moderate leverage. Stockholders' equity decreased, reflecting financial instability. Despite these challenges, the equity ratio remains relatively healthy at 22.11%, suggesting some asset backing. However, the declining total assets and equity raise concerns about sustainability.

Cash Flow

The cash flow statement highlights negative free cash flow growth and consistent negative operating cash flow, signaling liquidity issues. The operating cash flow to net income ratio was negative, pointing to cash flow difficulties. Free cash flow to net income ratio also remained negative, reflecting cash constraints in covering operational losses.

Breakdown	TTM	Dec 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	40.07M	43.39M	45.39M	45.84M	50.68M	42.42M
Gross Profit	18.35M	20.42M	22.71M	25.19M	28.88M	22.20M
EBITDA	-3.52M	-2.52M	-1.96M	-463.00K	2.93M	634.00K
Net Income	-4.86M	-4.42M	-1.10M	-3.29M	9.29M	154.00K
Balance Sheet
Total Assets	17.73M	18.55M	22.16M	22.75M	27.87M	21.16M
Cash, Cash Equivalents and Short-Term Investments	1.23M	1.66M	1.34M	1.41M	2.76M	2.31M
Total Debt	2.36M	3.49M	3.29M	2.71M	2.64M	3.30M
Total Liabilities	15.03M	14.45M	14.09M	11.56M	14.16M	16.82M
Stockholders Equity	2.70M	4.10M	8.07M	10.63M	13.71M	4.35M
Cash Flow
Free Cash Flow	545.00K	-207.00K	-110.00K	-1.48M	835.00K	2.21M
Operating Cash Flow	619.00K	-128.00K	-94.00K	-1.42M	1.19M	2.43M
Investing Cash Flow	-50.00K	-79.00K	-15.00K	-60.00K	-355.00K	-222.00K
Financing Cash Flow	-379.00K	586.00K	50.00K	131.00K	-384.00K	-777.00K

elumeo SE Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.26
• 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:ELB, the sentiment is Negative. The current price of 2.26 is above the 20-day moving average (MA) of 2.24, below the 50-day MA of 2.28, and above the 200-day MA of 2.23, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 42.02 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:ELB.

elumeo SE Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ECK	61 Neutral	€67.25M	-16.53	-6.65%	―	1.39%	-1422.54%
ELB	47 Neutral	€13.16M	―	―	―	―	―