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elumeo SE (ELB) AI Stock Analysis

DE:ELB

elumeo SE

(XETRA:ELB)

Select Model
Rating:50Neutral
Price Target:EUR 2.50â–²(10.62% Upside)
Action:reiterated
Date:08/18/26

The overall score of 50 reflects significant financial challenges, including declining revenue, persistent losses, and high leverage, which are partially offset by strong recent price momentum. Valuation remains poor due to negative earnings. The stock is currently overbought, which may limit upside potential.

Positive Factors
Improved Cash GenerationThe 2025 shift to positive operating and free cash flow indicates improved cash conversion and could support operations without immediate external funding. Its durability is unproven because prior cash flow was volatile and profitability remains negative.
Negative Factors
Persistent Revenue DeclineFour consecutive years of revenue contraction indicate sustained weakness in demand, customer reach, or pricing power rather than a temporary setback. Continued top-line decline reduces operating leverage and makes a durable return to profitability more difficult.

elumeo SE (ELB) vs. iShares MSCI Germany ETF (EWG)

-40%-30%-20%-10%0%10%20%DE:ELB-3.42%EWG+4.43%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
EUR 15.32M
Dividend Yield
―
Average Volume (3M)
5,126
Price to Earnings (P/E)
-4.5
Beta (1Y)
0.39
Revenue Growth
―
EPS Growth
―
Country
Germany
Employees
163
Sector
General
Sector Strength
55
Industry
Luxury Goods

elumeo SE Business Overview & Revenue Model

Company Description

elumeo SE, together with its subsidiaries, is primarily engaged in the crafting and retail of gemstone-adorned jewelry. The company manages the full value chain, encompassing design, procurement, and distribution of jewelry, associated goods, and loo...

How the Company Makes Money

elumeo SE generates revenue mainly by retailing jewelry—particularly gemstone jewelry—to end customers through distance-selling channels. Its core revenue stream is product sales (the selling price paid by customers) delivered via (1) TV home-shoppin...

elumeo SE Financial Statement Overview

Summary

Revenue has declined for four consecutive years, with net losses and a highly leveraged balance sheet. Recent positive operating cash flow is a slight improvement, but overall financial health remains weak.

Income Statement

30Negative

Balance Sheet

15Very Negative

Cash Flow

35Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue40.07M39.09M43.39M45.39M45.84M50.68M
Gross Profit18.35M18.68M20.42M22.71M25.19M28.88M
EBITDA-2.99M-1.90M-2.52M-1.96M-463.00K2.93M
Net Income-4.86M-2.94M-4.42M-1.10M-3.29M9.29M
Balance Sheet
Total Assets17.73M16.05M18.55M22.16M22.75M27.87M
Cash, Cash Equivalents and Short-Term Investments1.23M1.64M1.66M1.34M1.41M2.76M
Total Debt2.36M3.21M3.49M3.29M2.71M2.26M
Total Liabilities15.03M14.75M14.45M14.09M11.56M14.16M
Stockholders Equity2.70M1.30M4.10M8.07M10.63M13.71M
Cash Flow
Free Cash Flow545.00K377.00K-207.00K-110.00K-1.48M835.00K
Operating Cash Flow619.00K405.00K-128.00K-94.00K-1.42M1.19M
Investing Cash Flow-50.00K-28.00K-79.00K-15.00K-60.00K-355.00K
Financing Cash Flow-379.00K-388.00K586.00K50.00K131.00K-384.00K

elumeo SE Technical Analysis

Technical Analysis SentimentPositive
Last Price2.26

Price Trends

50DMA2.18Positive
100DMA2.01Positive
200DMA2.02Positive

Market Momentum

MACD0.03Negative
RSI62.84Neutral
STOCH69.64Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:ELB, the sentiment is Positive. The current price of 2.26 is above the 20-day moving average (MA) of 2.20, above the 50-day MA of 2.18, and above the 200-day MA of 2.02, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 62.84 is Neutral, neither overbought nor oversold. The STOCH value of 69.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:ELB.

elumeo SE Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

DE:ELB against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
DE:SISDE:SIS60NeutralEUR 563.45M39.7818.80%0.86%-18.11%―
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
DE:DAMDE:DAM53NeutralEUR 90.27M-38.65-1.62%0.47%-5.11%-158.58%
DE:ELBDE:ELB50NeutralEUR 15.32M-4.52-108.97%―――
DE:FEVDE:FEV47NeutralEUR 36.40M58.550.78%3.57%1.87%-182.96%
DE:SCEDE:SCE36UnderperformEUR 16.29M2.5030.21%―19.95%―

* General Sector Average

Performance Comparison

0%100%DE:ELBDE:DAMDE:SISDE:FEVDE:M5ZDE:SCEDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
DE:ELB and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
DE:ELBelumeo SE2.26-0.06-2.59%
DE:DAMDATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen25.60-3.14-10.94%
DE:SISFirst Sensor54.50-1.82-3.23%
DE:FEVFORTEC Elektronik11.200.070.62%
DE:M5ZManz AG0.01-0.05-83.61%
DE:SCESchweizer Electronic4.321.2038.46%
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 18, 2026