Ludwig Beck am Rathauseck Textilhaus Feldmeier (ECK) AI Stock Analysis

Ludwig Beck am Rathauseck Textilhaus Feldmeier

(Hamburg:ECK)

Select Model

Rating:36Underperform

Price Target:EUR 17.00▲(1.80% Upside)

Action:reiterated

Date:10/09/26

Ludwig Beck scores poorly, driven primarily by weak financial performance: profitability is effectively nil, operating income is negative, and leverage remains high at 1.43x debt-to-equity with near-zero return on equity. Technical indicators reinforce the caution, with the share price below all key moving averages and negative MACD momentum, though an RSI near oversold levels hints at possible short-term stabilisation. Valuation offers no support either, with an inflated 320x P/E reflecting minimal earnings and no dividend to reward patient holders. The one genuine positive is consistently positive free cash flow, up 50.5% to €6.9M, which is funding a gradual reduction in debt. Until the company demonstrates a credible path to sustainable operating margins, the risk profile remains elevated.

Positive Factors

Revenue recoveryThe return to strong annual revenue growth indicates improving sales momentum and a potential recovery in the retail operation. If sustained, higher sales can support better fixed-cost absorption and provide a stronger base for rebuilding profitability over the next several quarters.

Negative Factors

Weak operating profitabilityNegative operating profitability means revenue growth is not yet translating into sustainable earnings from the business. Continued EBIT losses can constrain reinvestment, weaken resilience against softer trading conditions, and make the recent revenue recovery less valuable to shareholders.

Ludwig Beck am Rathauseck Textilhaus Feldmeier (ECK) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 61.71M
Dividend Yield: ―
Average Volume (3M): 463
Price to Earnings (P/E): 320.0
Beta (1Y): -0.71
Revenue Growth: -0.56%
EPS Growth: ―
Country: Germany
Employees: 431
Sector: General
Sector Strength: 55
Industry: Department Stores

Ludwig Beck am Rathauseck Textilhaus Feldmeier Business Overview & Revenue Model

Company Description

LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG, a company established in 1861 and headquartered in Munich, Germany, operates predominantly within the German textile retail sector. Its business activities are structured into distinct Textile and...

How the Company Makes Money

Primary revenue is generated through retail sales of merchandise (e.g., clothing and related items) to end customers, with income recognized at the point of sale in-store. Additional revenue streams such as e-commerce sales, concessions/shop-in-shop...

Ludwig Beck am Rathauseck Textilhaus Feldmeier Financial Statement Overview

Summary

Ludwig Beck's fundamentals are weak. The income statement (28) shows near-zero profitability, with net income of just €119K in 2025, negative EBIT of -€970K, compressed EBITDA margins (14% to 7.7%) and a sharp, erratic swing in gross margin from ~49% to ~16%. The balance sheet (32) carries elevated leverage with €88.7M of debt against €61.9M of equity (1.43x D/E) and essentially zero return on equity (0.19%), though debt has been steadily reduced from €116M. Cash flow (45) is the relative strength: operating cash flow rose to €8.9M and free cash flow grew 50.5% to €6.9M, positive every year since 2021 and supporting deleveraging. Still, the cash generation stems largely from non-cash charges rather than true operating profitability, leaving the company in survival mode within a structurally pressured retail segment.

Income Statement

28Negative

Balance Sheet

32Negative

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	73.40M	74.00M	73.31M	72.70M	70.40M	55.40M
Gross Profit	12.73M	11.86M	36.00M	35.41M	11.74M	5.19M
EBITDA	10.08M	5.67M	10.28M	9.93M	11.30M	13.05M
Net Income	219.00K	119.00K	-2.87M	431.00K	2.23M	3.63M
Balance Sheet
Total Assets	159.10M	175.63M	164.74M	169.80M	169.24M	168.94M
Cash, Cash Equivalents and Short-Term Investments	300.00K	391.00K	596.00K	429.00K	492.00K	333.00K
Total Debt	90.50M	88.72M	94.05M	96.05M	94.13M	95.95M
Total Liabilities	99.80M	113.72M	102.97M	104.35M	103.23M	105.27M
Stockholders Equity	59.30M	61.91M	61.77M	65.45M	65.32M	62.98M
Cash Flow
Free Cash Flow	6.16M	6.86M	4.86M	2.56M	4.49M	7.21M
Operating Cash Flow	8.17M	8.87M	6.87M	5.76M	6.88M	10.24M
Investing Cash Flow	-2.00M	-2.00M	-1.96M	-3.20M	-2.39M	-1.03M
Financing Cash Flow	-6.28M	-7.08M	-4.74M	-2.62M	-4.33M	-20.10M

Ludwig Beck am Rathauseck Textilhaus Feldmeier Technical Analysis

Technical Analysis SentimentNegative

Last Price16.70

Price Trends

50DMA19.11Negative

100DMA21.68Negative

200DMA20.02Negative

Market Momentum

MACD-0.50Negative

RSI41.26Neutral

STOCH50.88Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:ECK, the sentiment is Negative. The current price of 16.70 is below the 20-day moving average (MA) of 17.20, below the 50-day MA of 19.11, and below the 200-day MA of 20.02, indicating a bearish trend. The MACD of -0.50 indicates Negative momentum. The RSI at 41.26 is Neutral, neither overbought nor oversold. The STOCH value of 50.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:ECK.

Ludwig Beck am Rathauseck Textilhaus Feldmeier Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

DE:ECK against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:BOSS	71Outperform	EUR 2.60B	12.24	14.07%	0.10%	-4.64%	-1.35%
DE:ZAL	63Neutral	EUR 6.56B	72.22	3.47%	―	23.48%	-63.82%
DE:GFG	57Neutral	EUR 101.66M	-3.93	-17.93%	―	-5.24%	67.43%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
DE:PUM	50Neutral	EUR 3.91B	-8.83	-24.18%	2.29%	-19.49%	-53.96%
DE:ECK	36Underperform	EUR 61.71M	320.00	0.36%	―	-0.56%	―

* General Sector Average

Performance Comparison

DE:ECK and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:ECK	Ludwig Beck am Rathauseck Textilhaus Feldmeier	16.70	4.50	36.89%
DE:PUM	PUMA SE NPV	26.62	9.12	52.11%
DE:BOSS	Hugo Boss	38.60	0.75	1.99%
DE:ZAL	Zalando SE	26.72	3.25	13.85%
DE:GFG	Global Fashion Group S.A.	0.45	0.11	34.85%
DE:AAH	Ahlers AG	0.01	0.00	0.00%

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 23, 2026

Ludwig Beck am Rathauseck Textilhaus Feldmeier AI Stock Analysis