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Baader Bank AG
(XETRA:BWB)
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Rating:66Neutral
Price Target:
€7.00
▲(5.74% Upside)
Action:Downgraded
Date:09/26/26
The score is driven primarily by improved latest-year profitability and generally solid cash generation, tempered by cyclical/volatile historical performance and some balance-sheet datapoint inconsistencies. Valuation is supportive (low P/E and a ~3% yield), but technical indicators point to currently weak-to-neutral momentum with the stock trading slightly below key moving averages.
Positive Factors
Improved profitability
The latest annual period shows materially stronger revenue and profitability, indicating improved earnings capacity across Baader Bank’s capital-markets and securities-services activities. If retained, the higher operating margin can support internal investment, capital accumulation, and stronger performance through the next several quarters.
Negative Factors
Cyclical earnings visibility
Baader Bank’s earnings depend substantially on capital-markets activity, and the reported history shows meaningful variation across years. A near-break-even operating result in 2023 and lower revenue in 2024 indicate that profitability may weaken when trading activity or market conditions soften, reducing medium-term earnings visibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability
The latest annual period shows materially stronger revenue and profitability, indicating improved earnings capacity across Baader Bank’s capital-markets and securities-services activities. If retained, the higher operating margin can support internal investment, capital accumulation, and stronger performance through the next several quarters.
Read all positive factors
Baader Bank AG (BWB) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€322.17M
Dividend Yield3.01%
Average Volume (3M)7.92K
Price to Earnings (P/E)10.5
Beta (1Y)0.33
Revenue Growth2.00%
EPS Growth-35.47%
CountryDE
Employees677
SectorFinancial
Sector Strength70
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)1.04
Shares Outstanding48,797,310
10 Day Avg. Volume1,191
30 Day Avg. Volume7,915
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.35
Price to Sales (P/S)0.55
P/FCF Ratio4.21
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)0.75
Revenue Forecast (FY)€288.40M
Baader Bank AG Business Overview & Revenue Model
Company Description
Baader Bank Aktiengesellschaft provides investment and banking services in Europe. The company trades in equities, bonds, funds and exchange traded funds, and securitized derivatives, as well as engages in the over-the-counter trading activities. ...
How the Company Makes Money
Baader Bank’s earnings are primarily generated from capital-markets activity and fee-based securities services. Key revenue streams typically include: (1) Trading and market-making income: As a designated market maker/liquidity provider, the bank ...
Baader Bank AG Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 571.77M | 247.60M | 344.08M | 249.96M | 218.38M |
| Gross Profit | 290.21M | 227.37M | 328.69M | 144.61M | 305.45M |
| EBITDA | 84.87M | 50.08M | 10.26M | 21.81M | 64.12M |
| Net Income | 50.70M | 23.50M | 2.79M | 8.69M | 46.55M |
Balance Sheet | |||||
| Total Assets | 3.23B | 4.82B | 3.94B | 2.38B | 1.82B |
| Cash, Cash Equivalents and Short-Term Investments | 29.55M | 66.68M | 30.75M | 160.01M | 1.37B |
| Total Debt | 66.69M | 59.81M | 75.63M | 117.64M | 46.84M |
| Total Liabilities | 3.00B | 4.64B | 3.77B | 2.21B | 1.66B |
| Stockholders Equity | 232.26M | 188.62M | 164.76M | 164.04M | 163.52M |
Cash Flow | |||||
| Free Cash Flow | 74.65M | 693.87M | 1.64B | -20.27M | 885.75M |
| Operating Cash Flow | 88.87M | 708.21M | 1.65B | 366.37M | 897.08M |
| Investing Cash Flow | -53.37M | 113.28M | -22.69M | -277.75M | -10.87M |
| Financing Cash Flow | -1.68B | 821.57M | -2.63M | -8.67M | -4.00M |
Baader Bank AG Technical Analysis
Neutral
6.62
Price Trends
6.67
Negative
6.68
Negative
6.66
Negative
Market Momentum
-0.02
Positive
48.04
Neutral
17.42
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:BWB, the sentiment is Neutral. The current price of 6.62 is below the 20-day moving average (MA) of 6.67, below the 50-day MA of 6.67, and below the 200-day MA of 6.66, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 48.04 is Neutral, neither overbought nor oversold. The STOCH value of 17.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:BWB.
Baader Bank AG Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | €322.17M | 10.54 | 12.91% | 3.01% | 2.00% | -35.47% | |
63 Neutral | €3.25B | 16.60 | 20.76% | 1.03% | 20.27% | 50.28% | |
58 Neutral | €185.17M | 131.67 | 6.20% | 0.44% | ― | ― | |
57 Neutral | €141.57M | 2.05 | 60.82% | 26.14% | 61.60% | 138.84% |
* Financial Sector Average
DE:BWB
Baader Bank AG
6.64
0.57
9.44%
DE:FTK
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29.22
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5.34%
DE:QB7
Quirin Privatbank AG
3.04
-0.37
-10.77%
DE:NF4
Netfonds AG
79.00
31.80
67.37%
DE:LUS1
Lang & Schwarz AG
15.30
-3.49
-18.57%
DE:T2G
Tradegate AG Wertpapierhandelsbank
82.00
-4.00
-4.65%
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.