Delticom (DEX) AI Stock Analysis

Delticom

(XETRA:DEX)

Select Model

Rating:53Neutral

Price Target:EUR 2.00▼(-9.91% Downside)

Action:reiterated

Date:08/06/26

The score is primarily held back by weaker financial performance (thin profitability, negative operating profit in recent years, and elevated leverage) and bearish technicals (price below key moving averages with negative MACD). These are partially offset by attractive valuation metrics (low P/E and high dividend yield).

Positive Factors

E‑commerce tire platform & partner networkDelticom's online retail model plus a partner fitting network creates a low-capex, scalable distribution system that matches recurring demand for tires. The platform facilitates conversion and service completion across markets, supporting durable revenue channels and operational leverage over time.

Negative Factors

Elevated leverageA debt-heavy capital structure materially limits financial flexibility and raises refinancing and interest-rate risk. Elevated leverage constrains the firm's ability to invest in growth or absorb further operational setbacks, increasing vulnerability during industry slowdowns or prolonged margin pressure.

Delticom (DEX) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 33.52M
Dividend Yield: 5.31%
Average Volume (3M): 1,738
Price to Earnings (P/E): 5.9
Beta (1Y): 0.42
Revenue Growth: -8.89%
EPS Growth: 154.81%
Country: Germany
Employees: 90
Sector: General
Sector Strength: 55
Industry: Specialty Retail

Delticom Business Overview & Revenue Model

Company Description

Delticom AG, along with its subsidiaries, functions as an online retailer of tires and wheels primarily within the European market. The company caters to both individual consumers and business clients, offering a comprehensive selection of tires for...

How the Company Makes Money

Delticom primarily makes money by selling tires and selected automotive accessories through its online shops, generating revenue when customers purchase products listed on its e-commerce platforms. A key part of the customer offering is fulfillment a...

Delticom Financial Statement Overview

Summary

Overall fundamentals are mixed. Income statement quality is weak (score 48) with inconsistent revenue and negative operating profit in 2023–2025 alongside very thin net profitability. The balance sheet is pressured (score 45) due to elevated leverage (debt exceeding equity historically), limiting flexibility. Cash flow is relatively better (score 55) with a rebound to positive free cash flow in 2025, but volatility and the 2024 dip signal uneven cash conversion.

Income Statement

48Neutral

Balance Sheet

45Neutral

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Mar 2024	Dec 2022	Dec 2021
Income Statement
Total Revenue	461.19M	483.72M	507.05M	475.69M	509.30M	585.37M
Gross Profit	106.08M	108.37M	148.32M	93.07M	110.17M	156.61M
EBITDA	8.78M	6.37M	20.49M	21.83M	15.87M	17.25M
Net Income	5.60M	4.08M	4.04M	8.03M	2.81M	6.75M
Balance Sheet
Total Assets	228.58M	234.91M	236.73M	191.56M	195.19M	217.46M
Cash, Cash Equivalents and Short-Term Investments	5.58M	2.94M	5.39M	7.25M	2.98M	4.87M
Total Debt	64.97M	70.99M	89.53M	55.54M	73.58M	61.12M
Total Liabilities	174.46M	180.62M	184.72M	143.92M	155.52M	179.48M
Stockholders Equity	54.12M	54.29M	52.01M	47.63M	39.67M	37.00M
Cash Flow
Free Cash Flow	13.02M	7.80M	-1.01M	27.46M	-8.11M	16.14M
Operating Cash Flow	19.77M	10.31M	4.86M	33.06M	-5.52M	16.93M
Investing Cash Flow	-7.17M	-3.15M	-5.88M	-5.60M	3.15M	-389.00K
Financing Cash Flow	-10.48M	-9.61M	-855.00K	-23.19M	-632.00K	-16.20M

Delticom Technical Analysis

Technical Analysis SentimentPositive

Last Price2.22

Price Trends

50DMA2.24Positive

100DMA2.29Negative

200DMA2.32Negative

Market Momentum

MACD0.01Negative

RSI52.27Neutral

STOCH60.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:DEX, the sentiment is Positive. The current price of 2.22 is below the 20-day moving average (MA) of 2.26, below the 50-day MA of 2.24, and below the 200-day MA of 2.32, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 52.27 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:DEX.

Delticom Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

DE:DEX against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:ZIL2	57Neutral	EUR 335.17M	13.10	4.13%	2.84%	-0.34%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
DE:HLE	54Neutral	EUR 7.73B	67.57	3.53%	0.32%	-1.09%	-30.43%
DE:CON	53Neutral	EUR 13.32B	-50.25	-6.46%	4.06%	-40.61%	-117.79%
DE:DEX	53Neutral	EUR 33.52M	5.88	10.33%	5.31%	-8.89%	154.81%
DE:NVM	46Neutral	EUR 77.45M	-29.56	-2.92%	―	-2.97%	-111.12%
DE:SHA0	42Neutral	EUR 5.49B	-14.88	-12.76%	5.16%	7.15%	67.32%

* General Sector Average

Performance Comparison

DE:DEX and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:DEX	Delticom AG	2.26	0.13	6.25%
DE:ZIL2	ElringKlinger AG	5.29	1.34	34.06%
DE:HLE	Hella KGaA Hueck & Co	69.60	-10.95	-13.60%
DE:SHA0	Schaeffler AG	5.81	-1.00	-14.73%
DE:CON	Continental Ag (OTC)	66.58	2.69	4.21%
DE:NVM	Novem Group SA	1.80	-1.18	-39.60%

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: Aug 06, 2026

Delticom AI Stock Analysis