wallstreet:online AG (SB1) AI Stock Analysis

wallstreet:online AG

(XETRA:SB1)

Select Model

Rating:42Neutral

Price Target:EUR 8.00▼(-0.74% Downside)

Action:reiterated

Date:10/06/26

The overall score of 42 reflects significant fundamental and technical weaknesses. While the company demonstrates solid revenue growth and a low-debt balance sheet, severe margin contraction and continuous net losses present critical risks. These fundamental struggles are compounded by an unattractive valuation profile and a pronounced technical downtrend.

Positive Factors

Revenue growthImproving revenue demonstrates that the group continues to expand its commercial activity across digital finance media and brokerage services. Sustained top-line growth can support operating leverage and strengthen the platform’s ability to deepen user monetization over the next several quarters.

Negative Factors

Severe profitability deteriorationThe sharp deterioration in gross profit and net income shows that revenue growth is not currently translating into healthy economics. Persistently negative margins can consume equity, restrict investment capacity, and make future earnings recovery dependent on a meaningful improvement in the cost structure.

wallstreet:online AG (SB1) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 135.26M
Dividend Yield: ―
Average Volume (3M): 4,553
Price to Earnings (P/E): -16.4
Beta (1Y): 0.34
Revenue Growth: 20.44%
EPS Growth: -75.60%
Country: Germany
Employees: 268
Sector: Financial
Sector Strength: 68
Industry: Financial - Data & Stock Exchanges

wallstreet:online AG Business Overview & Revenue Model

Company Description

Smartbroker Holding AG, headquartered in Berlin, Germany, provides an online brokerage service to clients across Germany. This platform distinctively blends the comprehensive product suite of conventional brokers with the attractive, budget-friendly...

How the Company Makes Money

wallstreet:online AG generates revenue primarily through (1) digital advertising and marketing services on its finance portals (e.g., display advertising, sponsorships, and other performance/lead-generation formats sold to financial services provider...

wallstreet:online AG Financial Statement Overview

Summary

Revenue has grown consistently and the balance sheet features low debt, but profitability is severely compromised by negative gross margins, persistent net losses, and sharply declining operating cash flow.

Income Statement

35Negative

Balance Sheet

55Neutral

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	71.39M	68.28M	57.45M	46.54M	52.79M	48.83M
Gross Profit	-96.00K	-2.25M	36.56M	29.65M	34.12M	23.85M
EBITDA	1.64M	-600.00K	9.26M	1.56M	8.80M	3.38M
Net Income	-8.16M	-10.56M	-1.39M	-5.97M	-10.09M	-560.00K
Balance Sheet
Total Assets	47.87M	52.81M	63.36M	63.84M	73.93M	75.38M
Cash, Cash Equivalents and Short-Term Investments	18.97M	19.87M	22.01M	12.26M	27.37M	25.53M
Total Debt	3.47M	2.93M	6.19M	10.45M	14.87M	5.70M
Total Liabilities	12.08M	14.03M	14.24M	20.79M	24.50M	25.88M
Stockholders Equity	35.79M	38.78M	49.15M	43.07M	49.40M	49.10M
Cash Flow
Free Cash Flow	2.50M	1.53M	6.13M	-11.44M	-15.51M	1.45M
Operating Cash Flow	2.56M	1.65M	9.99M	189.00K	5.04M	13.93M
Investing Cash Flow	-680.00K	-557.00K	-3.43M	-11.01M	-21.99M	-19.79M
Financing Cash Flow	-801.00K	-3.26M	3.21M	-4.51M	18.67M	17.16M

wallstreet:online AG Technical Analysis

Technical Analysis SentimentNegative

Last Price8.06

Price Trends

50DMA8.34Negative

100DMA8.85Negative

200DMA10.65Negative

Market Momentum

MACD-0.10Positive

RSI40.50Neutral

STOCH44.17Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:SB1, the sentiment is Negative. The current price of 8.06 is below the 20-day moving average (MA) of 8.23, below the 50-day MA of 8.34, and below the 200-day MA of 10.65, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 40.50 is Neutral, neither overbought nor oversold. The STOCH value of 44.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:SB1.

wallstreet:online AG Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

DE:SB1 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
DE:LUS1	64Neutral	EUR 144.87M	2.06	60.82%	26.06%	61.60%	138.84%
DE:FTK	62Neutral	EUR 2.60B	13.42	20.76%	1.27%	20.27%	50.28%
DE:NF4	49Neutral	EUR 187.50M	134.17	6.20%	0.43%	―	―
DE:SB1	42Neutral	EUR 135.26M	-16.45	-21.89%	―	20.44%	-75.60%

* Financial Sector Average

Performance Comparison

DE:SB1 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:SB1	wallstreet:online AG	8.06	-3.74	-31.69%
DE:FTK	flatexDEGIRO AG	23.62	-9.37	-28.40%
DE:EUX	EUWAX AG	44.90	0.58	1.31%
DE:NF4	Netfonds AG	80.50	36.10	81.31%
DE:LUS1	Lang & Schwarz AG	15.35	-4.96	-24.42%
DE:T2G	Tradegate AG Wertpapierhandelsbank	78.00	-8.00	-9.30%

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: Oct 06, 2026

wallstreet:online AG AI Stock Analysis