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Netfonds AG (NF4) AI Stock Analysis
Netfonds AG
(XETRA:NF4)
The score is held back primarily by volatile profitability, very thin 2025 margins, and increased leverage despite better 2025 cash flow and revenue momentum. Technicals add a mildly negative tilt (below key short/medium-term averages with negative MACD), while valuation is a significant headwind due to the very high P/E and low dividend yield.
Netfonds AG (NF4) vs. iShares MSCI Germany ETF (EWG)
- Market Cap
- EUR 187.56M
- Dividend Yield
- 0.43%
- Average Volume (3M)
- 108
- Price to Earnings (P/E)
- 134.2
- Beta (1Y)
- -0.10
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- Germany
- Employees
- 349
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Asset Management
Netfonds AG Business Overview & Revenue Model
Company Description
Netfonds AG is a German enterprise dedicated to providing comprehensive services to the financial sector. Its broad client base includes financial advisors, insurance brokers, asset and fund managers, banks, and various other financial organizations....
How the Company Makes Money
Netfonds AG generates revenue primarily by providing platform-based and service-based infrastructure to financial intermediaries (e.g., investment advisors and insurance brokers). Key revenue streams typically include (i) recurring fees and charges f...
Netfonds AG Financial Statement Overview
Summary
Financials show improvement but remain uneven. Revenue re-accelerated in 2025 (~+15%) and operating/free cash flow turned strongly positive, but profitability is still very thin (2025 net margin ~0.5%, EBIT margin ~1.3%). Leverage has risen materially (debt-to-equity ~1.38 in 2025), and prior-year losses and cash-flow volatility keep earnings durability a key risk.
Income Statement
56NeutralBalance Sheet
54NeutralCash Flow
52Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 330.44M | 275.90M | 239.33M | 194.62M | 176.45M | 204.23M |
| Gross Profit | -69.06M | 51.30M | 23.24M | 31.61M | 30.85M | 45.03M |
| EBITDA | 8.07M | 3.58M | 199.58M | 4.87M | 5.97M | 16.10M |
| Net Income | 3.43M | 1.39M | 1.77M | -620.88K | 850.09K | 8.40M |
Balance Sheet | ||||||
| Total Assets | 109.16M | 122.51M | 109.16M | 72.26M | 63.66M | 68.68M |
| Cash, Cash Equivalents and Short-Term Investments | 16.02M | 6.52M | 16.02M | 4.24M | 6.41M | 4.89M |
| Total Debt | 27.36M | 31.06M | 27.36M | 10.40M | 9.12M | 6.99M |
| Total Liabilities | 83.24M | 96.40M | 83.24M | 50.81M | 41.23M | 46.52M |
| Stockholders Equity | 22.42M | 22.51M | 22.42M | 20.66M | 22.14M | 21.93M |
Cash Flow | ||||||
| Free Cash Flow | 0 | 13.33M | -7.17M | -1.23M | -506.00K | -19.93M |
| Operating Cash Flow | 0 | 14.39M | -4.16M | 1.50M | 3.07M | -18.86M |
| Investing Cash Flow | 0 | -12.55M | -13.28M | -3.61M | -2.62M | -12.22M |
| Financing Cash Flow | 0 | 657.00K | 17.25M | -68.00K | 1.07M | 22.50M |
Netfonds AG Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:NF4, the sentiment is Negative. The current price of 80.50 is below the 20-day moving average (MA) of 80.78, below the 50-day MA of 80.99, and above the 200-day MA of 74.95, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 47.82 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:NF4.
Netfonds AG Peers Comparison
Overall Rating
DE:BWB71Outperform
DE:LUS164Neutral
DE:JDC53.6Neutral- DE:NF449Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| DE:BWB | 71Outperform | EUR 334.79M | 10.92 | 12.91% | 2.91% | 2.00% | -35.47% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| DE:LUS1 | 64Neutral | EUR 140.63M | 2.05 | 60.82% | 26.14% | 61.60% | 138.84% |
| DE:JDC | 54Neutral | EUR 229.77M | 22.63 | 16.02% | ― | 14.84% | -9.45% |
| DE:NF4 | 49Neutral | EUR 187.50M | 134.17 | 6.20% | 0.43% | ― | ― |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DE:NF4 | Netfonds AG | 80.50 | 37.30 | 86.34% | |
| DE:QB7 | Quirin Privatbank AG | 2.96 | -0.45 | -13.12% | |
| DE:BWB | Baader Bank AG | 6.88 | 0.57 | 9.05% | |
| DE:LUS1 | Lang & Schwarz AG | 15.30 | -4.56 | -22.97% | |
| DE:JDC | JDC Group AG | 16.80 | -13.20 | -44.00% | |
| DE:T2G | Tradegate AG Wertpapierhandelsbank | 75.00 | -11.49 | -13.29% |
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 14, 2026