Want to see DE:NF4 full AI Analyst Report?
Top Page
Netfonds AG
(XETRA:NF4)
Select Model
Select Model
Rating:56Neutral
Price Target:
€82.00
▲(1.23% Upside)
Action:Reiterated
Date:07/14/26
The score is driven primarily by improving but still volatile financial performance (thin margins, rising leverage, and uneven cash-flow history), partially offset by supportive technical momentum. Valuation is a key headwind due to the very high P/E and low dividend yield.
Positive Factors
Platform business model
Netfonds' core offering is a multi-service infrastructure for independent advisors and distributors, a structurally sticky B2B model. Platform services create recurring fees, multi-product distribution and operational lock-in that support durable revenue and scale economies over months to years.
Negative Factors
Very thin profitability
Margins are extremely thin, leaving little cushion for cost inflation, client attrition or one-off charges. Low operating profitability constrains the company's ability to self-fund growth initiatives, absorb shocks, or build reserves, increasing reliance on operational improvements to sustain progress.
Read all positive and negative factors
Positive Factors
Negative Factors
Platform business model
Netfonds' core offering is a multi-service infrastructure for independent advisors and distributors, a structurally sticky B2B model. Platform services create recurring fees, multi-product distribution and operational lock-in that support durable revenue and scale economies over months to years.
Read all positive factors
Netfonds AG (NF4) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€188.66M
Dividend Yield0.43%
Average Volume (3M)653.00
Price to Earnings (P/E)135.0
Beta (1Y)-0.08
Revenue GrowthN/A
EPS GrowthN/A
CountryDE
Employees349
SectorFinancial
Sector Strength70
IndustryFinancial - Diversified
Share Statistics
EPS (TTM)0.76
Shares Outstanding2,329,310
10 Day Avg. Volume1,237
30 Day Avg. Volume653
Financial Highlights & Ratios
PEG Ratio-1.53
Price to Book (P/B)4.41
Price to Sales (P/S)0.36
P/FCF Ratio7.44
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)3.68
Revenue Forecast (FY)€61.10M
Netfonds AG Business Overview & Revenue Model
Company Description
Netfonds AG is a German enterprise dedicated to providing comprehensive services to the financial sector. Its broad client base includes financial advisors, insurance brokers, asset and fund managers, banks, and various other financial organizatio...
How the Company Makes Money
null...
Netfonds AG Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
54
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 239.33M | 275.90M | 239.33M | 194.62M | 176.45M | 204.23M |
| Gross Profit | -69.06M | 51.30M | 23.24M | 20.69M | 30.85M | 45.03M |
| EBITDA | 6.83M | 3.58M | 199.58M | 4.87M | 6.81M | 16.10M |
| Net Income | 3.43M | 1.39M | 2.60M | -620.88K | 850.09K | 8.40M |
Balance Sheet | ||||||
| Total Assets | 109.16M | 122.51M | 109.16M | 72.26M | 63.66M | 68.68M |
| Cash, Cash Equivalents and Short-Term Investments | 16.02M | 6.52M | 16.02M | 4.24M | 6.41M | 4.89M |
| Total Debt | 27.36M | 31.06M | 27.36M | 10.40M | 9.12M | 6.99M |
| Total Liabilities | 83.24M | 96.40M | 83.24M | 50.81M | 41.23M | 46.52M |
| Stockholders Equity | 22.42M | 22.51M | 22.42M | 20.66M | 22.14M | 21.93M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 13.33M | -7.17M | -1.23M | -506.00K | -19.93M |
| Operating Cash Flow | 0.00 | 14.39M | -4.16M | 1.50M | 2.62M | -18.86M |
| Investing Cash Flow | 0.00 | -12.55M | -13.28M | -3.61M | -2.62M | -12.45M |
| Financing Cash Flow | 0.00 | 657.00K | 17.25M | -68.00K | 1.07M | 22.50M |
Netfonds AG Technical Analysis
Positive
81.00
Price Trends
79.64
Positive
79.09
Positive
62.16
Positive
Market Momentum
0.46
Negative
70.67
Negative
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:NF4, the sentiment is Positive. The current price of 81 is above the 20-day moving average (MA) of 80.42, above the 50-day MA of 79.64, and above the 200-day MA of 62.16, indicating a bullish trend. The MACD of 0.46 indicates Negative momentum. The RSI at 70.67 is Negative, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:NF4.
Netfonds AG Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €324.12M | 6.42 | 22.25% | 2.97% | 2.00% | -35.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | €298.57M | 33.50 | 14.91% | ― | 13.95% | 0.12% | |
57 Neutral | €166.58M | 3.44 | 54.58% | 11.11% | 61.13% | 119.04% | |
56 Neutral | €188.66M | 135.00 | 6.20% | 0.43% | ― | ― |
* Financial Sector Average
DE:NF4
Netfonds AG
81.00
36.80
83.26%
DE:QB7
Quirin Privatbank AG
3.18
-0.28
-8.23%
DE:BWB
Baader Bank AG
6.64
1.79
36.82%
DE:LUS1
Lang & Schwarz AG
17.90
-4.10
-18.64%
DE:JDC
JDC Group AG
23.10
-6.10
-20.89%
DE:T2G
Tradegate AG Wertpapierhandelsbank
84.00
-2.49
-2.88%
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.