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SB1.DE$12.25-1.21%
Fair $12.25+0.0%

SB1.DE

Smartbroker Holding AG

Financial Services / Financial Data & Stock ExchangesXETRA

$12.25

-0.15 (-1.21%)

Fairly Valued+0.0%Fair Value $12.25Fund rank 25/100 · Data gapFallback financials|
SA 30/D
F-Score: 7/9
Low Profitability

Book/ROE base 3Y

n/d

n/d CAGR · P/B n/d

Book/ROE base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 100% · confianza 20%

Book/ROE escenarios

weak_data · book/share n/d · quality 0.0/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 7/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

30/100

D

Piotroski

7/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific holding-company NAV/SOTP model required: targets are disabled until look-through holdings, debt and discount data exists. ROE is -2.8%, below the 5% threshold
Thesis & Journal · SB1.DELocal privado en este navegador · Smartbroker Holding AG
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$206M

P/E

N/A

•

EV/EBITDA

20.5x

↑

ROE

-2.8%

↓

Gross Margin

63.6%

↑

Debt/Equity

0.13

↓
52-Week Range$12
$11$15

TradingView lightweight chart

SB1.DE price, volumen y niveles de valoración

Último $12.25Periodo +400.4%
Fair value: $12.25

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2021–2024 · 3 años de histórico normalizado

Revenue CAGR

+5.6%

FCF CAGR

+61.8%

FCF margin

10.7%

FCF / Net income

-4.43x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $57.5M · net income $-1.4M · FCF $6.1M

2021-FY → 2024-FY

Gross margin

63.6%+14.8% pts

Operating margin

-2.7%-4.5% pts

Net margin

-2.4%-1.3% pts

FCF margin

10.7%+7.7% pts
MetricTTM
2024
2023
2022
2021
Income Statement
Revenue$57.5M$57.5M$48.3M$54.1M$48.8M
Net Income$-1.4M$-1.4M$-6.0M$-10.1M$-560000.00
EBITDA$9.3M$9.3M$1.6M$8.8M$4.0M
EPS-0.08-0.08-0.38-0.64-0.04
Gross Margin63.6%63.6%61.4%65.5%48.8%
Operating Margin-2.7%-2.7%-10.4%-14.7%1.8%
Net Margin-2.4%-2.4%-12.4%-18.6%-1.1%
Balance Sheet
Debt/Equity0.130.130.240.300.12
Current Ratio3.043.04———
Cash Flow
Free Cash Flow$6.1M$6.1M$-11.5M$-15.5M$1.4M
Returns
ROE-2.8%-2.8%-13.9%-20.4%-1.1%
Valuation
EV/EBITDA20.4820.4885.499.2376.53
P/B4.184.183.291.906.64
Growth & Yield
Revenue Growth18.9%18.9%-10.7%10.9%—
EPS Growth78.3%78.3%40.8%-1635.3%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -4.7%

Total return

-4.7%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.38 → -0.08

Residual

-4.7%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-4.7%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.