468 SPAC II SE (MS1) AI Stock Analysis

468 SPAC II SE

(XETRA:MS1)

Select Model

Rating:41Neutral

Price Target:EUR 0.03▼(-5.56% Downside)

Action:reiterated

Date:08/21/26

The overall score is low primarily due to severe financial distress, including declining revenues, chronic losses, negative equity, high debt, and persistent cash burn, which create substantial solvency and liquidity risk. Secondary pressure comes from a weak technical picture, with the price in a longer-term downtrend and only neutral momentum signals. The valuation component adds further downside, as negative earnings and no dividend support a cautious view without clear compensation for the elevated risk.

Positive Factors

Improving profitabilityThe move to positive EBITDA and materially narrower net losses indicates meaningful operational improvement from the 2023 trough. If maintained, this progress could reduce earnings pressure and create a stronger foundation for eventual profitability, although EBIT remains negative.

Negative Factors

Persistent revenue contractionThree consecutive years of revenue contraction indicate sustained weakening in demand or business volume rather than a temporary setback. Shrinking scale can limit operating leverage, make fixed costs harder to absorb, and undermine the durability of the recent profitability improvements.

468 SPAC II SE (MS1) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 524.93K
Dividend Yield: ―
Average Volume (3M): 13.52K
Price to Earnings (P/E): -0.0
Beta (1Y): 0.90
Revenue Growth: -26.56%
EPS Growth: -6.65%
Country: Germany
Employees: 828
Sector: Consumer Defensive
Sector Strength: 62
Industry: Grocery Stores

468 SPAC II SE Business Overview & Revenue Model

Company Description

Marley Spoon Group SE, through its subsidiary, Marley Spoon SE, operates as a direct-to-consumer meal-kit company. The company provides original recipes with ingredients to prepare and cook, and ready-to-heat meals. It operates in Australia, the Unit...

468 SPAC II SE Financial Statement Overview

Summary

Financial performance is very weak, with multi-year revenue declines, persistent operating losses, deeply negative equity, high leverage, shrinking assets, and ongoing negative operating and free cash flow, indicating significant solvency and liquidity risk despite minor recent improvements.

Income Statement

25Negative

Balance Sheet

15Very Negative

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	205.00M	238.31M	307.68M	328.50M	401.24M	0
Gross Profit	97.96M	113.88M	151.26M	146.49M	184.41M	0
EBITDA	-6.07M	5.49M	9.00M	-62.01M	-3.11M	-206.17K
Net Income	-27.48M	-17.15M	-28.35M	-87.25M	-12.76M	-207.45K
Balance Sheet
Total Assets	58.03M	56.09M	76.25M	111.12M	212.10M	2.55M
Cash, Cash Equivalents and Short-Term Investments	7.58M	4.80M	9.41M	12.75M	212.08M	1.52M
Total Debt	123.29M	99.37M	91.69M	107.15M	223.05M	34.74K
Total Liabilities	151.18M	129.14M	141.79M	154.95M	223.90M	1.56M
Stockholders Equity	-90.66M	-70.33M	-58.84M	-35.20M	-11.80M	992.55K
Cash Flow
Free Cash Flow	-9.77M	-1.29M	-9.16M	-28.17M	-2.64M	-78.74K
Operating Cash Flow	-7.96M	-1.10M	-10.44M	-18.38M	-2.64M	-78.74K
Investing Cash Flow	-5.24M	-4.96M	15.94M	4.55M	-18.49M	0
Financing Cash Flow	16.29M	5.64M	-12.45M	7.55M	213.19M	1.60M

468 SPAC II SE Technical Analysis

Technical Analysis SentimentNegative

Last Price0.04

Price Trends

50DMA0.04Positive

100DMA0.04Positive

200DMA0.12Negative

Market Momentum

MACD0.00Positive

RSI50.30Neutral

STOCH58.82Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:MS1, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.12, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 50.30 is Neutral, neither overbought nor oversold. The STOCH value of 58.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:MS1.

468 SPAC II SE Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

DE:MS1 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
DE:B4B0	48Neutral	EUR 2.64B	-10.88	-9.99%	―	3.47%	-35.40%
DE:MS1	41Neutral	EUR 844.62K	-0.02	34.14%	―	-26.56%	-6.65%

* Consumer Defensive Sector Average

Performance Comparison

DE:MS1 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:MS1	468 SPAC II SE	0.04	-0.25	-87.32%
DE:NLM	FRoSTA AG	106.00	8.48	8.70%
DE:B4B0	Metro AG	7.26	1.72	31.05%
DE:SSH	Sudwestdeutsche Salzwerke AG	63.00	5.32	9.23%
DE:KUL	Kulmbacher Brauerei Aktien-Gesellschaft	30.00	-8.95	-22.97%
DE:MSH	WASGAU Produktions & Handels AG	8.50	-0.24	-2.70%

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 21, 2026

468 SPAC II SE AI Stock Analysis