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Exasol AG
(XETRA:EXL)
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Rating:64Neutral
Price Target:
€2.00
▲(3.63% Upside)
Action:Reiterated
Date:08/19/26
The score is driven primarily by improving financial fundamentals (return to profitability, positive and strengthening cash flow, and a debt-free balance sheet). This is tempered by weak technical momentum (trading below major moving averages with negative MACD) and a cautious earnings outlook after a guidance downgrade, while valuation appears only moderately supportive (P/E ~17.3 with no dividend yield data).
Positive Factors
Positive cash generation
The shift to strong positive operating and free cash flow supports the credibility of the earnings turnaround and gives Exasol more capacity to fund product development, sales initiatives, and operations internally without relying on external financing.
Negative Factors
Downgraded FY-2026 growth outlook
The reduced outlook indicates that near-term demand and expansion are not yet strong enough to support sustained growth. A declining revenue base can limit operating leverage, weaken reinvestment capacity, and delay the company’s transition from turnaround to durable expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
The shift to strong positive operating and free cash flow supports the credibility of the earnings turnaround and gives Exasol more capacity to fund product development, sales initiatives, and operations internally without relying on external financing.
Read all positive factors
Exasol AG (EXL) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€45.21M
Dividend YieldN/A
Average Volume (3M)15.09K
Price to Earnings (P/E)16.2
Beta (1Y)0.73
Revenue Growth-5.49%
EPS Growth51.42%
CountryDE
Employees154
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding26,882,757
10 Day Avg. Volume4,637
30 Day Avg. Volume15,094
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)9.63
Price to Sales (P/S)1.77
P/FCF Ratio19.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€4.20Price Target Upside117.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Exasol AG Business Overview & Revenue Model
Company Description
Exasol AG specializes in crafting high-performance database solutions tailored for analytical processing and data warehousing needs. Its operations span multiple regions, including Germany, Austria, Switzerland, the United Kingdom, and North Ameri...
Exasol AG Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.37M | 41.83M | 39.63M | 35.14M | 33.19M | 27.46M |
| Gross Profit | 10.84M | 10.82M | 8.61M | 2.88M | -1.54M | -15.61M |
| EBITDA | 1.70M | 3.09M | 2.33M | -5.56M | -12.17M | -25.63M |
| Net Income | 2.83M | 2.99M | 229.34K | -8.22M | -15.01M | -29.30M |
Balance Sheet | ||||||
| Total Assets | 25.61M | 22.67M | 19.20M | 20.00M | 23.20M | 41.50M |
| Cash, Cash Equivalents and Short-Term Investments | 21.61M | 18.71M | 14.95M | 13.34M | 12.73M | 27.21M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 29.30K |
| Total Liabilities | 16.76M | 14.97M | 14.63M | 15.60M | 17.73M | 22.47M |
| Stockholders Equity | 8.86M | 7.70M | 4.57M | 4.40M | 5.47M | 19.03M |
Cash Flow | ||||||
| Free Cash Flow | -605.00K | 3.84M | 1.56M | -6.28M | -14.64M | -40.48M |
| Operating Cash Flow | -557.00K | 4.40M | 1.74M | -6.18M | -14.36M | -36.03M |
| Investing Cash Flow | -48.00K | -554.00K | 1.19M | -1.10M | -281.00K | 31.07M |
| Financing Cash Flow | 2.00K | 4.00K | -4.00K | 6.90M | 139.00K | -1.82M |
Exasol AG Technical Analysis
Neutral
1.93
Price Trends
1.79
Negative
1.96
Negative
2.12
Negative
Market Momentum
-0.02
Negative
48.59
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:EXL, the sentiment is Neutral. The current price of 1.93 is above the 20-day moving average (MA) of 1.71, above the 50-day MA of 1.79, and below the 200-day MA of 2.12, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 48.59 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:EXL.
Exasol AG Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | €1.50B | 29.29 | 55.52% | 2.42% | 12.01% | 11.51% | |
78 Outperform | €246.65B | 29.80 | 17.84% | 1.18% | 7.92% | 16.68% | |
77 Outperform | €705.49M | 15.90 | 26.73% | 0.92% | 15.28% | 111.02% | |
74 Outperform | €177.10M | 13.88 | 30.98% | 3.11% | 7.53% | 36.30% | |
64 Neutral | €45.21M | 16.20 | 34.12% | ― | -5.49% | 51.42% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | €150.15M | 49.65 | 6.43% | ― | 12.98% | 375.18% |
* Technology Sector Average
DE:EXL
Exasol AG
1.72
-1.34
-43.79%
DE:AOF
ATOSS Software
94.30
-18.55
-16.44%
DE:SAP
SAP SE
211.25
-9.45
-4.28%
DE:SHF
SNP Schneider Neureither & Partner AG (Schneider Neureither & Partner AG)
97.00
22.80
30.73%
DE:SJJ
Serviceware SE
14.30
-4.30
-23.12%
DE:FAA
Fabasoft AG
16.10
1.55
10.65%
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.