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UmweltBank AG (DE:UBK)
XETRA:UBK
Germany Market
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UmweltBank AG (UBK) AI Stock Analysis

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DE:UBK

UmweltBank AG

(XETRA:UBK)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
€3.50
▼(-2.78% Downside)
Action:Reiterated
Date:07/09/26
The score is held back primarily by weak financial quality—especially sustained negative operating/free cash flow in recent years and persistently high leverage—despite a strong 2025 revenue rebound and improved net profitability. Technicals are mixed (below key longer-term moving averages with only neutral momentum), while valuation is reasonable but not compelling enough to outweigh the fundamental balance-sheet and cash-flow risks.
Positive Factors
Niche sustainability-focused business model
Specialist focus on financing environmentally sustainable projects creates a durable, differentiated lending franchise tied to long-term structural trends (energy transition, green investment). Niche positioning supports customer loyalty and repeat origination opportunities that persist over multiple years.
Negative Factors
Persistently high leverage
Very high debt-to-equity ratios materially constrain financial flexibility and raise sensitivity to earnings or funding shocks. Elevated leverage increases refinancing and liquidity risk, amplifying the impact of cyclical stress and limiting strategic optionality over the next several months to years.
Read all positive and negative factors
Positive Factors
Negative Factors
Niche sustainability-focused business model
Specialist focus on financing environmentally sustainable projects creates a durable, differentiated lending franchise tied to long-term structural trends (energy transition, green investment). Niche positioning supports customer loyalty and repeat origination opportunities that persist over multiple years.
Read all positive factors

UmweltBank AG (UBK) vs. iShares MSCI Germany ETF (EWG)

UmweltBank AG Business Overview & Revenue Model

Company Description
Operating as a financial institution in Germany, UmweltBank AG delivers a diverse array of banking and financial services. Its offerings include various deposit solutions, structured savings plans, environmentally-focused bonds, and specialized ec...
How the Company Makes Money
UmweltBank AG primarily makes money through traditional banking income tied to its sustainability-focused lending business. Key revenue streams typically include: (1) Net interest income: earning interest on loans and project financing (e.g., fina...

UmweltBank AG Financial Statement Overview

Summary
Income statement trends improved with a sharp 2025 revenue rebound and higher net margin (~9.5% vs ~0.7% in 2024), but operating profitability has been inconsistent (negative operating margins in 2023–2025 after stronger 2020–2022). The balance sheet is constrained by persistently high leverage (debt-to-equity roughly ~6.4x to ~11.9x), and cash flow is the biggest weakness with negative operating and free cash flow in 2023–2025, including a very large outflow in 2024.
Income Statement
58
Neutral
Balance Sheet
41
Neutral
Cash Flow
22
Negative
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue149.52M111.81M107.28M106.53M81.42M
Gross Profit73.43M31.09M47.39M90.92M73.76M
EBITDA-533.73K-7.75M-4.94M28.92M33.01M
Net Income14.26M734.38K729.00K19.55M19.38M
Balance Sheet
Total Assets6.81B6.19B5.69B5.98B5.93B
Cash, Cash Equivalents and Short-Term Investments39.13M46.52M116.38M332.81M814.23M
Total Debt1.83B1.90B2.36B2.38B2.53B
Total Liabilities6.52B5.94B5.44B5.72B5.68B
Stockholders Equity284.87M249.93M249.15M256.50M245.12M
Cash Flow
Free Cash Flow-384.13M-2.31B-199.98M1.42M1.86M
Operating Cash Flow-311.66M-2.27B-155.45M1.42M1.86M
Investing Cash Flow-421.56M1.24B273.88M0.000.00
Financing Cash Flow733.52M957.94M0.000.000.00

UmweltBank AG Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
65
Neutral
€42.88B17.858.41%1.82%-4.17%-0.03%
53
Neutral
€487.68M6.097.52%7.13%3.97%-16.74%
48
Neutral
€153.17M-85.251.61%
42
Neutral
€484.11M-1.57-10.36%3.61%-25.75%-496.17%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DE:UBK
UmweltBank AG
3.76
-1.11
-22.79%
DE:CBK
Commerzbank
36.85
9.49
34.66%
DE:PBB
Deutsche Pfandbriefbank
3.62
-1.82
-33.53%
DE:PCZ
ProCredit Holding AG
8.25
-0.38
-4.46%
DE:QB7
Quirin Privatbank AG
3.34
-0.13
-3.61%
DE:MBK
MERKUR PRIVATBANK KGaA
11.20
-6.10
-35.26%
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.Date of analysis: Jul 09, 2026