Bastei Luebbe (BST) AI Stock Analysis

Bastei Luebbe

(XETRA:BST)

Select Model

Rating:60Neutral

Price Target:EUR 6.50▲(9.06% Upside)

Action:reiterated

Date:09/15/26

Bastei Luebbe scores in the moderate range. Its greatest strength is a conservatively financed balance sheet with minimal debt, growing equity and a consistent revenue growth record, complemented by an undemanding P/E of 13.6 and an attractive ~3.9% dividend yield. These positives are offset by two key risks: negative operating cash flow in FY2025 despite reported profits, which raises quality-of-earnings concerns, and a FY2026 outlook implying significant margin compression. Technically, the stock is in a downtrend, trading below all major moving averages with neutral-to-weak momentum. Overall, a financially stable, reasonably valued business whose near-term profitability and cash conversion trajectory warrant caution.

Positive Factors

Sustained Revenue GrowthRevenue increased from about €92.7m in 2021 to €118.4m in 2026, showing sustained top-line expansion across several years. This supports the durability of demand for the company’s publishing and content-rights model and provides a broader base for future monetization.

Negative Factors

Sharp Margin CompressionThe substantial deterioration in gross and operating margins reduces the earnings generated from each euro of revenue. Unless margins recover, this weakens the profitability of the content portfolio, limits reinvestment capacity, and makes future earnings more sensitive to mix and cost changes.

Bastei Luebbe (BST) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 78.67M
Dividend Yield: 4.19%
Average Volume (3M): 1,918
Price to Earnings (P/E): 12.7
Beta (1Y): -0.03
Revenue Growth: 8.52%
EPS Growth: -35.43%
Country: Germany
Employees: 351
Sector: General
Sector Strength: 55
Industry: Publishing

Bastei Luebbe Business Overview & Revenue Model

Company Description

Bastei Lübbe AG operates as a media enterprise, engaging in the publication and distribution of various literary formats including physical books, audiobooks, e-books, and other digital products. Its portfolio encompasses both fiction and popular sci...

How the Company Makes Money

Bastei Lübbe makes money mainly by commercializing intellectual property (book and content rights) across multiple channels and formats. Key revenue streams typically include: (1) Sales of published titles in physical format (hardcover, paperback) to...

Bastei Luebbe Financial Statement Overview

Summary

Bastei Luebbe combines a strong balance sheet (score 74) with a decent but softening income statement (62) and weak cash flow (48). Revenue has grown steadily from €92.7M in FY2021 to €114.0M in FY2025, with €118.4M projected for FY2026, while debt fell to €6.4M and the debt-to-equity ratio improved to 0.09 — a very low leverage profile. Equity has grown to €68.7M and FY2025 ROE reached ~16.5%. However, the FY2026 outlook points to sharp margin compression (net margin from ~9.9% to ~5.4%, EBIT margin from ~15.2% to ~5.1%), and operating cash flow turned negative at -€0.6M in FY2025 despite reported profits, raising quality-of-earnings and working capital questions. A projected rebound to €10.5M operating cash flow in FY2026 is encouraging but unproven.

Income Statement

62Positive

Balance Sheet

74Positive

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Mar 2022
Income Statement
Total Revenue	118.38M	118.40M	114.01M	110.33M	100.02M	94.51M
Gross Profit	36.34M	53.92M	61.27M	55.45M	50.52M	49.02M
EBITDA	11.90M	10.58M	19.81M	15.60M	10.20M	17.53M
Net Income	6.36M	6.36M	11.34M	8.72M	3.92M	10.96M
Balance Sheet
Total Assets	109.02M	109.02M	114.34M	103.94M	107.91M	104.29M
Cash, Cash Equivalents and Short-Term Investments	11.70M	11.70M	9.45M	18.39M	19.48M	17.97M
Total Debt	4.94M	4.94M	6.40M	8.25M	9.66M	11.50M
Total Liabilities	43.04M	43.04M	45.43M	42.38M	52.92M	48.00M
Stockholders Equity	65.73M	65.73M	68.68M	61.34M	54.78M	56.09M
Cash Flow
Free Cash Flow	9.38M	9.38M	-3.17M	1.63M	9.55M	12.30M
Operating Cash Flow	10.54M	10.54M	-648.00K	2.66M	10.42M	12.85M
Investing Cash Flow	-1.69M	-1.69M	-1.18M	1.55M	-761.00K	-2.78M
Financing Cash Flow	-6.91M	-6.91M	-7.28M	-5.27M	-8.18M	-6.63M

Bastei Luebbe Technical Analysis

Technical Analysis SentimentNegative

Last Price5.96

Price Trends

50DMA6.39Negative

100DMA6.46Negative

200DMA6.57Negative

Market Momentum

MACD-0.09Positive

RSI32.92Neutral

STOCH30.95Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:BST, the sentiment is Negative. The current price of 5.96 is below the 20-day moving average (MA) of 6.17, below the 50-day MA of 6.39, and below the 200-day MA of 6.57, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 32.92 is Neutral, neither overbought nor oversold. The STOCH value of 30.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:BST.

Bastei Luebbe Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

DE:BST against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:CWC	84Outperform	EUR 811.06M	13.24	13.39%	2.68%	―	―
DE:BST	60Neutral	EUR 78.67M	12.68	9.28%	4.19%	8.52%	-35.43%
DE:APM	60Neutral	EUR 67.65M	50.55	4.79%	―	133.08%	-33.66%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

DE:BST and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:BST	Bastei Luebbe	5.96	-2.50	-29.55%
DE:APM	Ad Pepper Media International NV	2.74	-0.16	-5.52%
DE:CWC	CEWE Stiftung & Co. KGaA	112.00	15.53	16.10%
DE:G6P0	Going Public Media AG	3.58	0.45	14.23%

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: Sep 15, 2026

Bastei Luebbe AI Stock Analysis