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Borussia Dortmund GmbH & Co. KGaA
(XETRA:BVB)
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Rating:50Neutral
Price Target:
€3.00
▼(-6.25% Downside)
Action:Reiterated
Date:10/03/26
The score is held back primarily by the 2026 deterioration in financial performance (revenue decline and return to losses) and weak technical momentum (negative MACD, price below key moving averages). A solid balance sheet with low leverage and positive operating/free cash flow in the latest year provides partial support, while valuation is constrained by a negative P/E despite a modest dividend yield.
Positive Factors
Diversified Revenue Model
Multiple revenue streams reduce reliance on any single activity and give BVB several ways to monetize its club, stadium and brand. Matchday, media, sponsorship, merchandise and transfers can complement one another, supporting resilience across different sporting and commercial conditions.
Negative Factors
Revenue and Profitability Reversal
The latest reversal weakens confidence in near-term earnings durability after revenue rose from 2021 through 2025. A return to losses, negative EBIT and margin compression can limit reinvestment capacity and make results more dependent on a recovery in operating performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Revenue Model
Multiple revenue streams reduce reliance on any single activity and give BVB several ways to monetize its club, stadium and brand. Matchday, media, sponsorship, merchandise and transfers can complement one another, supporting resilience across different sporting and commercial conditions.
Read all positive factors
Borussia Dortmund GmbH & Co. KGaA (BVB) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€337.20M
Dividend Yield1.96%
Average Volume (3M)88.94K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth-12.46%
EPS Growth-434.13%
CountryDE
Employees1,000
SectorGeneral
Sector StrengthN/A
IndustryEntertainment
Share Statistics
EPS (TTM)-0.20
Shares Outstanding110,396,220
10 Day Avg. Volume92,809
30 Day Avg. Volume88,935
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.11
Price to Sales (P/S)0.72
P/FCF Ratio6.35
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)0.33
Revenue Forecast (FY)€484.85M
Borussia Dortmund GmbH & Co. KGaA Business Overview & Revenue Model
Company Description
Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien is a German company primarily engaged in managing a professional football club based in Dortmund, operating under the SIGNAL IDUNA PARK brand. Beyond its core team operations, the compa...
How the Company Makes Money
BVB generates revenue through multiple, diversified streams typical of an elite football club. (1) Matchday revenue: income from home matches, primarily from ticket sales (season tickets and individual match tickets) and stadium-related receipts s...
Borussia Dortmund GmbH & Co. KGaA Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
72
Positive
Cash Flow
56
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 460.50M | 573.82M | 509.11M | 418.24M | 351.64M |
| Gross Profit | -40.46M | 546.46M | 476.40M | 394.13M | 329.00M |
| EBITDA | 84.65M | 115.85M | 158.16M | 126.78M | 85.02M |
| Net Income | -21.70M | 6.50M | 44.31M | 9.55M | -31.89M |
Balance Sheet | |||||
| Total Assets | 579.96M | 615.65M | 589.68M | 511.83M | 455.06M |
| Cash, Cash Equivalents and Short-Term Investments | 3.67M | 20.63M | 4.36M | 4.50M | 10.57M |
| Total Debt | 39.72M | 47.11M | 40.58M | 34.59M | 17.18M |
| Total Liabilities | 281.21M | 289.32M | 262.67M | 229.13M | 185.28M |
| Stockholders Equity | 298.75M | 326.33M | 327.01M | 282.70M | 273.15M |
Cash Flow | |||||
| Free Cash Flow | 52.11M | 48.78M | -92.86M | -93.44M | -46.04M |
| Operating Cash Flow | 63.89M | 57.71M | 47.20M | 54.43M | 35.07M |
| Investing Cash Flow | -66.17M | -36.73M | -51.59M | -76.75M | -51.36M |
| Financing Cash Flow | -14.68M | -4.71M | 4.25M | 16.25M | 25.14M |
Borussia Dortmund GmbH & Co. KGaA Technical Analysis
Negative
3.20
Price Trends
3.16
Negative
3.11
Negative
3.13
Negative
Market Momentum
-0.03
Negative
44.59
Neutral
66.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:BVB, the sentiment is Negative. The current price of 3.2 is above the 20-day moving average (MA) of 3.07, above the 50-day MA of 3.16, and above the 200-day MA of 3.13, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 44.59 is Neutral, neither overbought nor oversold. The STOCH value of 66.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:BVB.
Borussia Dortmund GmbH & Co. KGaA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €5.94B | 19.34 | 28.84% | 2.33% | 13.70% | 8.69% | |
58 Neutral | €714.68M | -8.72 | -7.26% | 0.00% | -8.23% | -7.87% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | €337.20M | -15.37 | -6.62% | 1.96% | -12.46% | -434.13% | |
47 Neutral | €18.25M | 20.92 | 3.68% | 6.18% | -12.06% | 47.14% |
* General Sector Average
DE:BVB
Borussia Dortmund GmbH & Co. KGaA
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-10.07%
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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.