Basler AG (DE:BSL)
XETRA:BSL
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Basler AG
(XETRA:BSL)
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Rating:73Outperform
Price Target:
€35.00
▲(123.21% Upside)
Action:Reiterated
Date:06/20/26
The score is driven primarily by improved financial performance (profitability rebound, strong balance sheet deleveraging, and solid free cash flow) and strong technical momentum (price above key moving averages with positive MACD). These positives are meaningfully offset by a demanding valuation (high P/E and minimal dividend yield), and there is no usable earnings-call or corporate-events data to further adjust the view.
Positive Factors
Strengthened balance sheet
Basler’s material deleveraging to a very low debt-to-equity (~0.09 TTM) and rebound in ROE to ~14.6% meaningfully improves resilience. Lower leverage reduces refinancing risk, increases financial flexibility to fund product development or absorb cyclical downturns, and supports longer-term strategic investments without heavy reliance on external capital.
Negative Factors
Cyclicality and earnings volatility
Basler operates in cyclical industrial and OEM-driven markets where design wins and capex cycles create lumpy demand. Historical swings to losses and negative FCF (2022–2024) highlight structural revenue and earnings volatility, complicating mid-term planning and increasing the risk that downturns force margin compression or slower investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthened balance sheet
Basler’s material deleveraging to a very low debt-to-equity (~0.09 TTM) and rebound in ROE to ~14.6% meaningfully improves resilience. Lower leverage reduces refinancing risk, increases financial flexibility to fund product development or absorb cyclical downturns, and supports longer-term strategic investments without heavy reliance on external capital.
Read all positive factors
Basler AG (BSL) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€974.05M
Dividend YieldN/A
Average Volume (3M)35.97K
Price to Earnings (P/E)45.5
Beta (1Y)1.44
Revenue Growth21.41%
EPS GrowthN/A
CountryDE
Employees881
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.64
Shares Outstanding31,500,000
10 Day Avg. Volume43,860
30 Day Avg. Volume35,974
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)3.63
Price to Sales (P/S)2.15
P/FCF Ratio17.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€24.50Price Target Upside56.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.64
Revenue Forecast (FY)€257.00M
Basler AG Business Overview & Revenue Model
Company Description
Basler Aktiengesellschaft (Basler AG), headquartered in Ahrensburg, Germany, specializes in the global development, manufacturing, and distribution of digital cameras tailored for professional use. The company's diverse product range encompasses a...
How the Company Makes Money
Basler makes money primarily by selling machine-vision hardware and related software/services to industrial and professional customers. The core revenue stream is product sales of industrial cameras (the company’s main offering), supplemented by s...
Basler AG Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
82
Very Positive
Cash Flow
77
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 241.37M | 224.50M | 183.72M | 201.81M | 270.85M | 214.88M |
| Gross Profit | 104.23M | 93.36M | 82.81M | 85.72M | 131.81M | 112.64M |
| EBITDA | 45.72M | 37.53M | 9.44M | 4.99M | 45.78M | 44.87M |
| Net Income | 19.88M | 11.60M | -13.77M | -13.81M | 21.36M | 21.00M |
Balance Sheet | ||||||
| Total Assets | 250.05M | 251.35M | 233.59M | 255.75M | 265.53M | 227.28M |
| Cash, Cash Equivalents and Short-Term Investments | 28.10M | 28.99M | 22.26M | 32.23M | 28.70M | 54.83M |
| Total Debt | 60.38M | 65.47M | 72.08M | 83.72M | 68.23M | 46.68M |
| Total Liabilities | 103.72M | 118.50M | 109.18M | 116.58M | 124.04M | 98.62M |
| Stockholders Equity | 146.33M | 132.85M | 124.41M | 139.18M | 141.49M | 129.36M |
Cash Flow | ||||||
| Free Cash Flow | 31.05M | 27.85M | 4.83M | -9.28M | -17.57M | 9.61M |
| Operating Cash Flow | 37.03M | 29.39M | 14.64M | 4.20M | 12.40M | 25.33M |
| Investing Cash Flow | -10.46M | -10.07M | -13.28M | -13.44M | -44.19M | -15.29M |
| Financing Cash Flow | -13.09M | -10.11M | -12.32M | 12.74M | 5.66M | -3.07M |
Basler AG Technical Analysis
Positive
15.68
Price Trends
23.77
Positive
19.25
Positive
17.82
Positive
Market Momentum
1.39
Negative
70.92
Negative
99.62
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:BSL, the sentiment is Positive. The current price of 15.68 is below the 20-day moving average (MA) of 28.01, below the 50-day MA of 23.77, and below the 200-day MA of 17.82, indicating a bullish trend. The MACD of 1.39 indicates Negative momentum. The RSI at 70.92 is Negative, neither overbought nor oversold. The STOCH value of 99.62 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:BSL.
Basler AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | €7.31B | 116.45 | 6.63% | 0.88% | -19.76% | -42.17% | |
76 Outperform | €176.26M | 13.78 | 8.29% | 1.82% | -41.38% | -28.83% | |
73 Outperform | €974.05M | 45.47 | 8.83% | ― | 21.41% | ― | |
66 Neutral | €2.23B | 15.51 | 6.69% | 1.50% | -0.06% | -38.81% | |
62 Neutral | €1.17B | -19.31 | -16.36% | 2.37% | 9.97% | 65.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | €93.98M | -1.81 | -16.41% | 1.38% | -14.82% | 44.17% |
* General Sector Average
DE:BSL
Basler AG
31.90
21.04
193.82%
DE:ADV
ADVA Optical Networking
22.70
2.88
14.52%
DE:AIXA
AIXTRON
60.42
46.34
329.03%
DE:AAG
Aumann AG
15.40
3.18
26.02%
DE:BDT
Bertrandt
9.18
-11.92
-56.49%
DE:AFX
Carl Zeiss Meditec
27.42
-26.37
-49.02%
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.