468 SPAC II SE (MS1) AI Stock Analysis

• Market Cap: €5.02M
• Dividend Yield: N/A
• Average Volume (3M): 7.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.52
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: DE
• Employees: 1,085
• Sector: Financial
• Sector Strength: 70
• Industry: Food Distribution
• EPS (TTM): N/A
• Shares Outstanding: 34,162,290
• 10 Day Avg. Volume: 4,978
• 30 Day Avg. Volume: 7,693
• PEG Ratio: <0.01
• Price to Book (P/B): -0.30
• Price to Sales (P/S): 0.06
• P/FCF Ratio: -1.94
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: €0.26 ▼(-22.42% Downside)

The score is primarily weighed down by very weak financial performance (declining revenue, persistent losses, negative equity, and negative operating/free cash flow). Technicals also point to a sustained downtrend with weak momentum. Valuation provides limited offset because the negative P/E reflects loss-making operations and there is no dividend yield support.

Positive Factors

Free Cash Flow Improvement

A modest uplift in free cash flow shows initial progress converting operations into cash. If sustained, this trend can lower liquidity pressure, reduce near-term external financing needs, and provide management room to prioritize deleveraging or targeted operational investments over the next several quarters.

EBITDA Trend

An improving EBITDA suggests the business is beginning to extract better operating leverage or control costs. Persistent improvement at the EBITDA level supports longer-term margin recovery potential and is a more durable indicator of structural operational progress than one-off accounting items.

Defensive Industry Exposure

Operating in food distribution provides structurally steady demand and defensive revenue characteristics. Over a 2–6 month horizon, this supports revenue resilience versus cyclical sectors and offers a clearer path to recovery if operational fixes restore cost structure and distribution efficiency.

Negative Factors

Revenue Decline and Losses

Persistent revenue decline erodes scale and weakens unit economics, making margin recovery harder. Ongoing losses consume capital and limit reinvestment, increasing reliance on external funding and raising execution risk for any turnaround plan over the medium term.

Negative Equity and Leverage

Negative shareholders’ equity and high leverage signal a strained capital structure that constrains strategic choices. This weak balance sheet elevates refinancing and covenant risks, reducing financial flexibility and increasing the probability of dilutive or expensive capital raises to sustain operations.

Negative Cash Generation

Ongoing negative operating and free cash flows indicate the business cannot self-fund operations or investments, creating persistent liquidity risk. Without sustained cash generation improvement, the company will remain dependent on external financing, which can impair long-term viability and strategic execution.

468 SPAC II SE Business Overview & Revenue Model

Company Description

How the Company Makes Money

468 SPAC II SE Financial Statement Overview

Summary

Weak fundamentals: revenue declined from 2023 to 2024 with ongoing losses and negative EBIT margin. Balance sheet is highly stressed with negative stockholders’ equity and concerning leverage. Cash flow remains negative (operating and free cash flow), indicating liquidity risk despite slight free cash flow improvement.

Income Statement

The company has shown a significant decline in revenue from 2023 to 2024, with a negative net profit margin indicating ongoing losses. Despite a slight improvement in EBITDA, the EBIT margin remains negative, reflecting operational challenges.

Balance Sheet

The balance sheet reveals a negative stockholders' equity, indicating financial instability. The debt-to-equity ratio is concerning due to high leverage, and the equity ratio is negative, highlighting a risky financial structure.

Cash Flow

Cash flow analysis shows negative operating and free cash flows, although there is a slight improvement in free cash flow from 2023 to 2024. The company struggles to generate cash from operations, posing liquidity risks.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	279.15M	307.68M	328.50M	401.24M	0.00
Gross Profit	139.15M	151.26M	146.49M	184.41M	0.00
EBITDA	9.11M	9.00M	-62.01M	-3.12M	-206.17K
Net Income	-26.86M	-28.35M	-87.25M	-12.76M	-207.45K
Balance Sheet
Total Assets	67.22M	76.25M	111.12M	212.10M	2.55M
Cash, Cash Equivalents and Short-Term Investments	9.03M	9.41M	12.75M	212.08M	1.52M
Total Debt	90.94M	91.69M	107.15M	223.05M	34.74K
Total Liabilities	133.04M	141.79M	154.95M	223.90M	1.56M
Stockholders Equity	-63.55M	-58.84M	-35.20M	-11.80M	992.55K
Cash Flow
Free Cash Flow	-6.23M	-9.16M	-28.17M	-2.64M	-78.74K
Operating Cash Flow	-5.64M	-1.74M	-18.38M	-2.64M	-78.74K
Investing Cash Flow	839.00K	15.94M	4.55M	-18.49M	0.00
Financing Cash Flow	-6.22M	-12.45M	7.55M	213.19M	1.60M

468 SPAC II SE Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.33
• 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:MS1, the sentiment is Negative. The current price of 0.33 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.24, and below the 200-day MA of 0.35, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.61 is Neutral, neither overbought nor oversold. The STOCH value of 47.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:MS1.

468 SPAC II SE Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TUF	51 Neutral	€11.30M	-20.29	―	―	―	―
LRND	45 Neutral	€54.09M	15.73	―	―	38.50%	―
MS1	41 Neutral	€5.02M	-0.13	―	―	―	―