UmweltBank AG (UBK) AI Stock Analysis

• Market Cap: €163.52M
• Dividend Yield: N/A
• Average Volume (3M): 17.86K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.25
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: DE
• Employees: 232
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): N/A
• Shares Outstanding: 41,396,717
• 10 Day Avg. Volume: 21,312
• 30 Day Avg. Volume: 17,863
• PEG Ratio: 308.46
• Price to Book (P/B): 0.90
• Price to Sales (P/S): 2.01
• P/FCF Ratio: -0.10
• 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: 44 Neutral
• Price Target: €4.00 ▲(11.11% Upside)

The score is primarily held down by weak financial performance—especially the severe deterioration in operating and free cash flow in 2024, alongside high leverage and near-zero ROE. Technicals are only mildly supportive (neutral momentum but price below longer-term averages), while valuation cannot be meaningfully assessed due to missing P/E and dividend yield.

Positive Factors

Focused sustainable lending franchise

A dedicated focus on renewable energy and energy-efficient building loans creates a durable niche and differentiated origination pipeline. Structural demand and policy support for green finance improve long-term loan growth potential and client stickiness versus generalist regional banks.

Stable reported equity buffer

A roughly stable equity base provides a persistent capital cushion versus cyclical losses, supporting solvency and regulatory compliance. That stability helps preserve depositor and counterparty confidence and creates optionality to raise capital or absorb shocks over the medium term.

Material revenue rebound in 2024

A strong revenue recovery signals renewed demand for the bank’s core sustainable lending products and the ability to scale interest income. If sustained, higher top-line capacity underpins medium-term recovery in net interest margin and reinvestment into origination capacity.

Negative Factors

Severe negative operating and free cash flow

Massive cash outflows in 2024 materially increase funding and liquidity risk, forcing reliance on external financing or asset sales. Persistent negative cash generation undermines organic capital formation and constrains sustainable lending growth without restructuring or new capital.

Very high leverage

Elevated debt-to-equity meaningfully magnifies credit and market shocks and limits balance-sheet flexibility. High leverage raises regulatory and refinancing risk, making the bank more sensitive to funding stress and reducing capacity to absorb loan losses over the medium term.

Operating profitability weak; returns compressed

Negative operating profits and near-zero ROE indicate structural margin or cost problems and weak underwriting economics. Without sustained improvement in core operating income or cost base, the bank will struggle to generate internal capital and maintain long-term competitiveness.

UmweltBank AG Business Overview & Revenue Model

Company Description

UmweltBank AG provides various banking products and services in Germany. The company offers various deposit products, savings plans and green bonds, and environmental fund accounts; and personal loans and construction financing products. It also provides guaranteed bonus, income plans, investment products, and insurance and retirement products, as well as online and phone banking services. In addition, the company offers finance for residential, photovoltaic, wind and hydropower, and biomass projects. UmweltBank AG was founded in 1997 and is based in Nuremberg, Germany.

How the Company Makes Money

UmweltBank AG Financial Statement Overview

Summary

Despite a sharp 2024 revenue rebound, operating profitability is negative (EBIT/EBITDA below zero in 2023–2024) and net income is only marginally positive (~0.7% net margin in 2024). Balance-sheet risk remains elevated with very high leverage (debt-to-equity ~7.6x in 2024) and ROE near zero in 2023–2024. The biggest concern is cash generation: operating and free cash flow turned severely negative in 2024 (about -€2.27B OCF; -€2.31B FCF).

Income Statement

Revenue rebounded sharply in 2024 (+482% YoY) after a flat 2023, but profitability has deteriorated materially versus 2020–2022. EBIT and EBITDA are negative in both 2023 and 2024, while net income is only marginally positive (net margin ~0.7% in 2024 vs ~21–28% in 2020–2022). Strength: the company remains profitable at the bottom line and revenue has re-accelerated; weakness: operating profitability has turned structurally weak over the last two years.

Balance Sheet

Leverage is high and remains a key constraint: debt-to-equity is elevated (about 7.6x in 2024, ~9–12x in 2020–2023). Returns on equity have compressed significantly, falling from strong levels in 2020–2022 (~7.6–11.4%) to near zero in 2023–2024 (~0.3%). Strength: equity is relatively stable around ~€250M; weakness: high leverage combined with depressed returns increases balance-sheet risk and reduces financial flexibility.

Cash Flow

Cash generation has become a major weakness. Operating cash flow swung from strong positive in 2020 (€679M) and small positives in 2021–2022 to large negatives in 2023 (about -€155M) and especially 2024 (about -€2.27B), with free cash flow also deeply negative in 2024 (about -€2.31B). Strength: historical ability to generate cash in earlier years; weakness: the recent and severe negative operating and free cash flow profile raises sustainability and funding-risk concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	21.18M	111.81M	107.28M	106.53M	81.42M	83.11M
Gross Profit	21.18M	31.09M	47.39M	90.92M	73.76M	66.14M
EBITDA	0.00	-7.75M	-4.94M	28.92M	33.01M	28.02M
Net Income	3.35M	734.38K	729.00K	19.55M	19.38M	18.50M
Balance Sheet
Total Assets	0.00	6.19B	5.69B	5.98B	5.93B	4.94B
Cash, Cash Equivalents and Short-Term Investments	0.00	46.52M	116.38M	332.81M	814.23M	98.66M
Total Debt	0.00	1.90B	2.36B	2.38B	2.53B	1.94B
Total Liabilities	-417.13M	5.94B	5.44B	5.72B	5.68B	4.78B
Stockholders Equity	417.13M	249.93M	249.15M	256.50M	245.12M	162.89M
Cash Flow
Free Cash Flow	0.00	-2.31B	-199.98M	1.42M	1.86M	679.09M
Operating Cash Flow	0.00	-2.27B	-155.45M	1.42M	1.86M	679.54M
Investing Cash Flow	0.00	1.24B	273.88M	0.00	0.00	-629.80M
Financing Cash Flow	0.00	957.94M	0.00	0.00	0.00	8.40M

UmweltBank AG 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%
PCZ	66 Neutral	€501.82M	6.46	7.49%	7.13%	2.31%	-25.41%
UBK	44 Neutral	€163.52M	―	―	―	―	―