flatexDEGIRO AG AI Stock Analysis
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flatexDEGIRO AG (FTK) AI Stock Analysis
flatexDEGIRO AG
(XETRA:FTK)
Overall score is supported by strong underlying profitability and improved 2025 revenue momentum, but is materially weighed down by weak technicals (price well below key moving averages and negative MACD). Valuation is reasonable (P/E ~15, ~1.14% yield) but not strong enough to offset the bearish trend and the reduced confidence from volatile/inconsistent latest-year cash-flow and certain balance-sheet ratios.
flatexDEGIRO AG (FTK) vs. iShares MSCI Germany ETF (EWG)
- Market Cap
- EUR 2.42B
- Dividend Yield
- 1.33%
- Average Volume (3M)
- 403.19K
- Price to Earnings (P/E)
- 12.8
- Beta (1Y)
- 1.19
- Revenue Growth
- 20.27%
- EPS Growth
- 50.28%
- Country
- Germany
- Employees
- 1,200
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Financial - Capital Markets
flatexDEGIRO AG Business Overview & Revenue Model
Company Description
flatexDEGIRO AG is a European provider of online brokerage services and IT solutions for the finance and financial technology industries. The company operates through two primary divisions: Financial Services (FIN) and Technologies (TECH). The FIN se...
How the Company Makes Money
flatexDEGIRO generates revenue mainly from its retail brokerage and related banking services. Key income streams include: (1) Brokerage transaction revenues: commissions and/or fixed fees charged to clients for placing trades, as well as exchange/ven...
flatexDEGIRO AG Earnings Call Summary
The earnings call reflected a strong performance with record revenues and growth in customer base and assets under custody. Effective cost management and positive trading metrics were highlighted. However, there were concerns about delays in the international rollout of crypto trading, a decline in interest income, and potential interest rate headwinds. Overall, the positives outweighed the negatives, but challenges remain.
Q2-2025 Updates
Positive Updates
Negative Updates
Company Guidance
During the flatexDEGIRO Analyst Call for H1 2025 results, significant guidance was provided highlighting a record half-year performance in terms of both top and bottom-line metrics. The company is on track to achieve over EUR 0.5 billion in revenues and anticipates a 15% to 25% increase in net income. Achievements were driven by a record-setting first half, aided by market volatility and strategic platform captures, especially in U.S. trading. The company noted a substantial increase in assets under custody, reaching EUR 83 billion, marking a 37% year-on-year growth. Gross customer additions amounted to approximately 103,000, a 22% increase year-on-year. Commission income rose by 28% year-on-year, and the average commission per trade increased to EUR 4.72. Personnel expenses rose mainly due to provisions for long-term compensation, while marketing expenses decreased, reflecting cost efficiency. The company also updated its full-year guidance, expecting revenue growth of 4% to 8% and net income between EUR 128 million and EUR 139 million, indicating a strong operational leverage. Additionally, the company's ongoing strategic initiatives, including crypto trading and securities lending, are progressing with updates expected shortly.
flatexDEGIRO AG Financial Statement Overview
Summary
Strong profitability (2025 gross margin ~69%, EBIT margin ~40%, net margin ~29%) and re-accelerating revenue growth in 2025 (+12.1%). Offsetting this, earnings are cyclical/volatile and 2025 balance-sheet and cash-flow data show inconsistencies (several ratios reported as 0.0 and an outsized 2025 cash-flow jump), reducing confidence in latest-year comparability.
Income Statement
82Very PositiveBalance Sheet
74PositiveCash Flow
70Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 621.50M | 559.70M | 462.50M | 390.73M | 406.96M | 417.58M |
| Gross Profit | 435.90M | 388.90M | 462.50M | 286.86M | 311.18M | 310.42M |
| EBITDA | 314.29M | 262.30M | 211.86M | 139.67M | 192.34M | 128.43M |
| Net Income | 193.90M | 160.40M | 111.50M | 71.86M | 106.07M | 51.54M |
Balance Sheet | ||||||
| Total Assets | 8.05B | 7.44B | 5.40B | 4.54B | 4.10B | 3.69B |
| Cash, Cash Equivalents and Short-Term Investments | 4.62B | 4.71B | 3.50B | 2.97B | 2.54B | 1.77B |
| Total Debt | 160.70M | 123.80M | 160.02M | 112.77M | 125.39M | 181.00M |
| Total Liabilities | 7.08B | 6.54B | 4.65B | 3.87B | 3.49B | 3.19B |
| Stockholders Equity | 974.60M | 893.80M | 754.65M | 673.62M | 607.62M | 498.85M |
Cash Flow | ||||||
| Free Cash Flow | 2.08B | 2.13B | 120.68M | 490.91M | 457.99M | 802.24M |
| Operating Cash Flow | 2.10B | 2.15B | 168.86M | 537.24M | 500.73M | 828.45M |
| Investing Cash Flow | -1.61B | -1.01B | -48.19M | -46.13M | 117.98M | -464.12M |
| Financing Cash Flow | -41.17M | -28.50M | -32.22M | -394.00K | -9.96M | -1.21M |
flatexDEGIRO AG Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:FTK, the sentiment is Negative. The current price of 22.60 is below the 20-day moving average (MA) of 23.62, below the 50-day MA of 27.18, and below the 200-day MA of 32.51, indicating a bearish trend. The MACD of -1.25 indicates Negative momentum. The RSI at 35.63 is Neutral, neither overbought nor oversold. The STOCH value of 19.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:FTK.
flatexDEGIRO AG Peers Comparison
Overall Rating
DE:BWB71Outperform
DE:LUS164Neutral- DE:FTK62Neutral
DE:NF449Neutral
DE:N4G042Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| DE:BWB | 71Outperform | EUR 332.85M | 10.95 | 12.91% | 2.90% | 2.00% | -35.47% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| DE:LUS1 | 64Neutral | EUR 144.40M | 2.00 | 60.82% | 26.85% | 61.60% | 138.84% |
| DE:FTK | 62Neutral | EUR 2.51B | 12.84 | 20.76% | 1.33% | 20.27% | 50.28% |
| DE:NF4 | 49Neutral | EUR 188.66M | 134.17 | 6.20% | 0.43% | ― | ― |
| DE:N4G0 | 42Neutral | EUR 55.35M | -82.67 | -13.80% | ― | -9.58% | 46.57% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DE:FTK | flatexDEGIRO AG | 22.60 | -8.27 | -26.79% | |
| DE:NF4 | Netfonds AG | 80.50 | 35.70 | 79.69% | |
| DE:BWB | Baader Bank AG | 6.90 | 0.69 | 11.08% | |
| DE:LUS1 | Lang & Schwarz AG | 14.90 | -5.32 | -26.31% | |
| DE:T2G | Tradegate AG Wertpapierhandelsbank | 77.50 | -8.99 | -10.40% | |
| DE:N4G0 | Naga Group AG | 2.48 | -2.43 | -49.49% |
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: Oct 07, 2026