Lang & Schwarz AG (DE:LUS1)
XETRA:LUS1
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Lang & Schwarz AG
(XETRA:LUS1)
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Rating:72Outperform
Price Target:
€32.00
▲(40.35% Upside)
Action:Upgraded
Date:05/21/26
The score is supported by very attractive valuation (low P/E and high dividend yield) and positive technical momentum (price above key moving averages with a positive MACD). It is held back by financial-quality risks, particularly highly volatile operating/free cash flow and meaningful leverage despite strong recent revenue and earnings growth.
Positive Factors
Revenue Growth
Sustained double-digit top-line growth through 2024–2025 indicates expanding trading volumes and successful execution of core market-making activities. Over a 2–6 month horizon this scale increase supports durable fee and spread capture, financing reinvestment in infrastructure and client distribution.
Negative Factors
Leverage
Sustained leverage above parity amplifies earnings in good markets but raises solvency and funding risk if trading revenues decline. Over 2–6 months, elevated debt increases refinancing and interest exposure, constraining strategic flexibility and potentially forcing asset or product adjustments under adverse volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained double-digit top-line growth through 2024–2025 indicates expanding trading volumes and successful execution of core market-making activities. Over a 2–6 month horizon this scale increase supports durable fee and spread capture, financing reinvestment in infrastructure and client distribution.
Read all positive factors
Lang & Schwarz AG (LUS1) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€255.77M
Dividend Yield8.03%
Average Volume (3M)11.07K
Price to Earnings (P/E)5.3
Beta (1Y)0.93
Revenue Growth61.13%
EPS Growth119.04%
CountryDE
Employees69
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)5.13
Shares Outstanding9,438,000
10 Day Avg. Volume12,899
30 Day Avg. Volume11,069
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)2.29
Price to Sales (P/S)0.18
P/FCF Ratio2.11
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)2.71
Revenue Forecast (FY)€93.11M
Lang & Schwarz AG Business Overview & Revenue Model
Company Description
Lang & Schwarz AG, through its affiliated companies, is engaged in the creation and distribution of derivative financial instruments within the German market. The firm manages an over-the-counter (OTC) trading platform that facilitates transaction...
How the Company Makes Money
Lang & Schwarz AG primarily earns money from trading-related income generated by its role as a market maker/liquidity provider and from brokerage/execution services tied to routed client orders.
Key revenue streams typically include:
1) Market ma...
Lang & Schwarz AG Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
64
Positive
Cash Flow
42
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.20B | 739.52M | 485.28M | 754.01M | 839.33M |
| Gross Profit | 120.16M | 86.07M | 27.86M | 41.76M | 94.68M |
| EBITDA | 83.99M | 56.02M | 14.62M | 15.81M | 64.44M |
| Net Income | 48.43M | 22.12M | 7.64M | 8.77M | 20.98M |
Balance Sheet | |||||
| Total Assets | 1.18B | 870.20M | 723.27M | 687.02M | 982.95M |
| Cash, Cash Equivalents and Short-Term Investments | 237.16M | 855.99M | 125.53M | 201.84M | 176.69M |
| Total Debt | 87.48M | 66.92M | 39.65M | 21.12M | 45.48M |
| Total Liabilities | 1.09B | 810.14M | 680.34M | 646.03M | 936.57M |
| Stockholders Equity | 91.42M | 59.50M | 42.58M | 40.99M | 46.38M |
Cash Flow | |||||
| Free Cash Flow | 99.29M | -9.59M | -49.99M | -256.26M | 230.38M |
| Operating Cash Flow | 101.93M | -8.54M | -48.87M | -253.94M | 230.96M |
| Investing Cash Flow | -2.59M | -1.05M | -1.86M | 276.04M | -152.33M |
| Financing Cash Flow | -16.12M | -4.99M | -5.69M | -14.16M | -12.58M |
Lang & Schwarz AG Technical Analysis
Neutral
22.80
Price Trends
28.14
Negative
26.03
Positive
23.94
Positive
Market Momentum
-0.14
Positive
39.91
Neutral
14.22
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:LUS1, the sentiment is Neutral. The current price of 22.8 is below the 20-day moving average (MA) of 28.60, below the 50-day MA of 28.14, and below the 200-day MA of 23.94, indicating a neutral trend. The MACD of -0.14 indicates Positive momentum. The RSI at 39.91 is Neutral, neither overbought nor oversold. The STOCH value of 14.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:LUS1.
Lang & Schwarz AG Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €255.77M | 5.28 | 54.58% | 8.03% | 61.13% | 119.04% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | €329.94M | 6.53 | 24.60% | 1.91% | 28.70% | 115.79% | |
63 Neutral | €4.17B | 25.99 | 18.79% | 0.11% | 16.62% | 45.52% | |
51 Neutral | €185.17M | 133.01 | 12.06% | 0.85% | ― | ― |
* Financial Sector Average
DE:LUS1
Lang & Schwarz AG
27.10
6.71
32.91%
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DE:EUX
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50.80
11.32
28.69%
DE:NF4
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79.50
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85.49%
DE:BWB
Baader Bank AG
6.80
2.44
55.96%
DE:T2G
Tradegate AG Wertpapierhandelsbank
85.00
-1.00
-1.16%
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.