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Brockhaus Technologies AG
(XETRA:BKHT)
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Rating:63Neutral
Price Target:
€19.50
▼(-8.88% Downside)
Action:Reiterated
Date:08/18/26
Overall score reflects improving financial strength and cash generation, but tempered by highly volatile profitability and potential one-off impacts in recent results. Technicals are supportive with price above major moving averages and positive momentum. Valuation is a key positive given the very low P/E, though its benefit is constrained by inconsistent earnings quality.
Positive Factors
Improved balance-sheet resilience
Material deleveraging and higher equity improve financial resilience and reduce pressure from interest obligations. This gives Brockhaus more flexibility to support portfolio companies, withstand operating volatility, and pursue value creation without relying as heavily on balance-sheet leverage.
Negative Factors
Highly volatile profitability
The shift from strong profitability in 2022 to losses in each of 2023–2025 shows that earnings power is not yet dependable. Persistent swings in net and operating results make planning harder, reduce confidence in near-term profit conversion, and weaken visibility into sustainable returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved balance-sheet resilience
Material deleveraging and higher equity improve financial resilience and reduce pressure from interest obligations. This gives Brockhaus more flexibility to support portfolio companies, withstand operating volatility, and pursue value creation without relying as heavily on balance-sheet leverage.
Read all positive factors
Brockhaus Technologies AG (BKHT) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€183.86M
Dividend Yield0.73%
Average Volume (3M)18.14K
Price to Earnings (P/E)1.8
Beta (1Y)0.61
Revenue GrowthN/A
EPS GrowthN/A
CountryDE
Employees562
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)9.54
Shares Outstanding10,447,666
10 Day Avg. Volume36,092
30 Day Avg. Volume18,137
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.95
Price to Sales (P/S)6.37
P/FCF Ratio-18.70
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)0.17
Revenue Forecast (FY)€272.70M
Brockhaus Technologies AG Business Overview & Revenue Model
Company Description
Brockhaus Technologies AG operates as a private equity firm, concentrating its investments on middle-market, later-stage, and mature enterprises, with a focus on providing growth capital and conducting buyout transactions. Additionally, it functio...
How the Company Makes Money
Brockhaus Technologies AG makes money primarily through the operating revenues and profits of its consolidated portfolio companies. In practice, this means revenue is generated at the subsidiary level (e.g., fees for technology-enabled services, s...
Brockhaus Technologies AG Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
63
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Jun 2025 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -74.45M | 26.15M | 200.15M | 186.63M | 142.71M | 39.04M |
| Gross Profit | -64.51M | -880.00K | 99.95M | 118.39M | 91.72M | 30.17M |
| EBITDA | -31.99M | -12.27M | 12.95M | 52.42M | 51.79M | -4.40M |
| Net Income | 99.82M | -20.75M | -55.55M | -5.09M | 49.02M | -15.88M |
Balance Sheet | ||||||
| Total Assets | 356.70M | 753.30M | 798.32M | 659.18M | 655.51M | 614.50M |
| Cash, Cash Equivalents and Short-Term Investments | 269.34M | 13.98M | 60.91M | 73.11M | 96.97M | 45.61M |
| Total Debt | 26.31M | 24.59M | 261.60M | 272.19M | 248.95M | 266.15M |
| Total Liabilities | 54.82M | 550.34M | 561.13M | 358.27M | 340.17M | 359.58M |
| Stockholders Equity | 288.48M | 175.14M | 200.29M | 256.56M | 272.70M | 222.04M |
Cash Flow | ||||||
| Free Cash Flow | 12.85M | -8.91M | 34.14M | 30.04M | 31.76M | -8.67M |
| Operating Cash Flow | 10.88M | -8.84M | 36.01M | 34.80M | 34.91M | -6.21M |
| Investing Cash Flow | 247.75M | -2.14M | -8.22M | -9.90M | 53.03M | -143.96M |
| Financing Cash Flow | -1.68M | -5.43M | -36.94M | -42.59M | -46.70M | 55.67M |
Brockhaus Technologies AG Technical Analysis
Negative
21.40
Price Trends
20.67
Negative
20.09
Negative
18.54
Negative
Market Momentum
-0.78
Positive
21.55
Positive
6.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:BKHT, the sentiment is Negative. The current price of 21.4 is above the 20-day moving average (MA) of 20.21, above the 50-day MA of 20.67, and above the 200-day MA of 18.54, indicating a bearish trend. The MACD of -0.78 indicates Positive momentum. The RSI at 21.55 is Positive, neither overbought nor oversold. The STOCH value of 6.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:BKHT.
Brockhaus Technologies AG Peers Comparison
UnderperformOutperform
Sector (55)
DE:BKHT
Brockhaus Technologies AG
18.20
5.60
44.44%
DE:B7E
Blue Cap AG
15.10
-3.48
-18.75%
DE:IPOK
Heidelberger Beteiligungsholding AG
133.00
23.00
20.91%
DE:SVE
Shareholder Value Beteiligungen AG
80.00
-8.50
-9.60%
DE:A7A
FinLab AG
13.60
-1.90
-12.26%
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.