Fielmann (FIE) AI Stock Analysis

• Market Cap: €4.59B
• Dividend Yield: 2.09%
• Average Volume (3M): 41.39K
• Price to Earnings (P/E): 27.1
• Beta (1Y): 0.74
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: DE
• Employees: 20,221
• Sector: Services
• Sector Strength: N/A
• Industry: Medical - Instruments & Supplies
• EPS (TTM): 0.62
• Shares Outstanding: 84,000,000
• 10 Day Avg. Volume: 63,323
• 30 Day Avg. Volume: 41,392
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: €64.33
• Price Target Upside: 17.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 72 Outperform
• Price Target: €61.00 ▲(11.72% Upside)

Fielmann's strong financial performance is the primary driver of its overall score, supported by consistent revenue and profit growth, efficient cost management, and a stable balance sheet. Technical analysis indicates a lack of strong momentum, with the stock trading below key moving averages. Valuation metrics suggest the stock may be overvalued, but the dividend yield offers some compensation. The absence of recent earnings call insights and corporate events limits additional context.

Fielmann Business Overview & Revenue Model

Company Description

Fielmann Aktiengesellschaft, together with its subsidiaries, engages in the investment in and operation of optical and hearing aid businesses. The company manufactures and sells visual aids and other optical products, including glasses, frames, lenses, sunglasses, contact lenses and accessories, and various merchandise, as well as hearing aids and accessories. As of December 31, 2021, it operated 693 stores, including 610 in Germany, 45 in Switzerland, 38 Austria, 3 in Luxembourg, 43 in Italy, 37 in Poland, 87 in Spain, 32 in Slovenia, and 15 in the rest of Europe. The company also 78 smaller locations in Eastern Europe. It also offers its products through online stores. The company was founded in 1972 and is headquartered in Hamburg, Germany. Fielmann Aktiengesellschaft is a subsidiary of Korva SE.

How the Company Makes Money

Fielmann generates revenue primarily through the sale of eyewear products, including prescription glasses, sunglasses, and contact lenses. The company operates a retail model, where customers can purchase products directly from their stores or online. Additionally, Fielmann offers eye examinations and optical services, which also contribute to its revenue. The company benefits from a strong brand reputation and customer loyalty, leading to repeat business. Key revenue streams include direct product sales, service fees from eye exams, and partnerships with various lens and frame manufacturers, which may provide discounts or incentives for Fielmann to sell their products. The company's extensive store network and e-commerce platform further enhance its reach and sales potential.

Fielmann Financial Statement Overview

Summary

Fielmann exhibits a solid financial performance with strong revenue and profit growth, efficient cost management, and a stable balance sheet. Despite a rise in leverage, profitability and cash flow generation have improved. The company's reinvestment in capital expenditures indicates a commitment to growth, though it requires careful management of cash reserves.

Income Statement

Fielmann has demonstrated consistent revenue growth over the years, with a notable increase from 2019 to 2024. The gross profit margin is strong, consistently above 75%, indicating efficient cost management. The net profit margin and EBIT margin have shown positive trends, reflecting profitability improvements. However, the EBITDA margin and net income growth have been more volatile, suggesting some fluctuations in operational efficiency.

Balance Sheet

The balance sheet reveals a healthy equity position, with the equity ratio improving over time. The debt-to-equity ratio has increased, signaling higher leverage, but remains within manageable levels. Return on Equity (ROE) has shown a positive trajectory, indicating effective use of equity to generate profits. Despite the increased debt, the overall stability of the balance sheet is maintained.

Cash Flow

Fielmann's cash flow statements show robust operating cash flow, consistently covering capital expenditures. The free cash flow has grown steadily, enhancing liquidity. The operating cash flow to net income ratio suggests strong cash generation relative to profitability. However, a notable capital expenditure in recent years indicates significant reinvestment in the business, which could impact immediate cash reserves.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.72B	2.26B	1.97B	1.76B	1.68B	1.43B
Gross Profit	1.39B	1.81B	1.57B	1.38B	1.34B	1.15B
EBITDA	318.86M	475.73M	403.80M	346.99M	389.78M	328.70M
Net Income	122.63M	152.11M	127.64M	103.66M	136.85M	116.41M
Balance Sheet
Total Assets	0.00	2.37B	1.99B	1.77B	1.74B	1.67B
Cash, Cash Equivalents and Short-Term Investments	101.68M	101.68M	81.83M	149.87M	235.54M	221.24M
Total Debt	0.00	873.85M	592.15M	505.66M	458.26M	425.72M
Total Liabilities	-913.14M	1.46B	1.06B	909.10M	863.09M	832.86M
Stockholders Equity	913.14M	899.13M	867.65M	804.22M	819.83M	779.20M
Cash Flow
Free Cash Flow	0.00	327.41M	196.00M	182.69M	260.15M	188.40M
Operating Cash Flow	0.00	410.09M	282.79M	268.08M	346.69M	278.47M
Investing Cash Flow	0.00	-331.17M	-143.25M	-159.85M	-74.85M	-219.67M
Financing Cash Flow	0.00	-44.27M	-112.57M	-232.33M	-201.22M	-85.42M

Fielmann Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 54.60
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:FIE, the sentiment is Positive. The current price of 54.6 is below the 20-day moving average (MA) of 55.02, below the 50-day MA of 55.80, and above the 200-day MA of 47.57, indicating a neutral trend. The MACD of -0.34 indicates Positive momentum. The RSI at 49.77 is Neutral, neither overbought nor oversold. The STOCH value of 62.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:FIE.

Fielmann Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FIE	72 Outperform	€4.59B	27.09	17.47%	2.09%	―	―
Sector *	56 Neutral	$13.44B	18.26	10.03%	0.94%	7.13%	-12.93%
0DHC	―	€3.70B	23.38	7.48%	―	―	―