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tonies SEDB:TNIE Stock Report

Market Cap €1.2b
Share Price
€10.22
€14
27.0% undervalued intrinsic discount
1Y59.2%
7D1.0%
1D
Portfolio Value
View

tonies SE

DB:TNIE Stock Report

Market Cap: €1.2b

tonies (TNIE) Stock Overview

Through its subsidiaries, develops, produces, and distributes digital, cloud based, and interactive audio platform and entertainment system for children in Germany, the United States, the United Kingdom, France, and internationally. More details

TNIE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health5/6
Dividends0/6

TNIE Community Fair Values

Create Narrative

See what 14 others think this stock is worth. Follow their fair value or set your own to get alerts.

tonies SE Competitors

Price History & Performance

Summary of share price highs, lows and changes for tonies
Historical stock prices
Current Share Price€10.22
52 Week High€11.96
52 Week Low€5.60
Beta0.76
1 Month Change3.13%
3 Month Change-11.90%
1 Year Change59.19%
3 Year Change107.30%
5 Year Change5.31%
Change since IPO4.50%

Recent News & Updates

Narrative Update May 12

TNIE: 2026 Revenue Guidance And Margin Assumptions Will Support Stronger Forward Outlook

Analysts are maintaining their €14.00 price target for tonies, citing only small adjustments to key model inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News tonies issued earnings guidance for FY 2026, indicating an expectation for Group revenue growth of more than 20% in constant currency to more than €760 million (company guidance).
Narrative Update Apr 28

TNIE: Higher 2026 Outlook And Margin Assumptions Will Support Stronger Forward Outlook

Analysts have raised the price target for tonies to €14.0 from the previous €13.0, reflecting revised assumptions around revenue growth, profit margins and an updated future P/E framework. What's in the News tonies issued earnings guidance for FY 2026, indicating expected Group revenue of more than €760 million in constant currency, with revenue growth of more than 20% (company guidance).
Analysis Article Apr 22

We Think tonies' (FRA:TNIE) Healthy Earnings Might Be Conservative

The market seemed underwhelmed by last week's earnings announcement from tonies SE ( FRA:TNIE ) despite the healthy...
Narrative Update Apr 13

TNIE: Global Content Partnerships And Investor Day Will Support Future Double Digit Expansion

Analysts are keeping their price target for tonies steady at €14.00, reflecting only marginal tweaks to discount rate, revenue growth, profit margin and future P/E assumptions in their models. What's in the News tonies plans an Analyst and Investor Day, giving the market a structured opportunity to receive an update on the business and its plans.
Narrative Update Mar 30

TNIE: Global Content Partnerships Will Drive Future Double Digit Revenue Expansion

Analysts have nudged their price target for tonies up slightly from about €13.83 to €14.00, citing updated assumptions around revenue growth, discount rate, profit margin and future P/E that keep the overall valuation view largely intact. What's in the News tonies plans an Analyst and Investor Day event, giving the market a closer look at the business, its priorities, and the updated assumptions that underpin current valuation views (Key Developments).

Recent updates

Narrative Update May 12

TNIE: 2026 Revenue Guidance And Margin Assumptions Will Support Stronger Forward Outlook

Analysts are maintaining their €14.00 price target for tonies, citing only small adjustments to key model inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News tonies issued earnings guidance for FY 2026, indicating an expectation for Group revenue growth of more than 20% in constant currency to more than €760 million (company guidance).
Narrative Update Apr 28

TNIE: Higher 2026 Outlook And Margin Assumptions Will Support Stronger Forward Outlook

Analysts have raised the price target for tonies to €14.0 from the previous €13.0, reflecting revised assumptions around revenue growth, profit margins and an updated future P/E framework. What's in the News tonies issued earnings guidance for FY 2026, indicating expected Group revenue of more than €760 million in constant currency, with revenue growth of more than 20% (company guidance).
Analysis Article Apr 22

We Think tonies' (FRA:TNIE) Healthy Earnings Might Be Conservative

The market seemed underwhelmed by last week's earnings announcement from tonies SE ( FRA:TNIE ) despite the healthy...
Narrative Update Apr 13

TNIE: Global Content Partnerships And Investor Day Will Support Future Double Digit Expansion

Analysts are keeping their price target for tonies steady at €14.00, reflecting only marginal tweaks to discount rate, revenue growth, profit margin and future P/E assumptions in their models. What's in the News tonies plans an Analyst and Investor Day, giving the market a structured opportunity to receive an update on the business and its plans.
Narrative Update Mar 30

TNIE: Global Content Partnerships Will Drive Future Double Digit Revenue Expansion

Analysts have nudged their price target for tonies up slightly from about €13.83 to €14.00, citing updated assumptions around revenue growth, discount rate, profit margin and future P/E that keep the overall valuation view largely intact. What's in the News tonies plans an Analyst and Investor Day event, giving the market a closer look at the business, its priorities, and the updated assumptions that underpin current valuation views (Key Developments).
Narrative Update Mar 16

TNIE: Licensing Rollout And Index Inclusion Will Support Stronger Future Prospects

Analysts have adjusted their price target on tonies from €13.20 to €14.50. This reflects updated assumptions around higher revenue growth expectations, a slightly improved profit margin profile, and a lower future P/E multiple in their models.
Narrative Update Mar 02

TNIE: Index Inclusion And Content Partnerships Will Support A Stronger Forward Outlook

Analysts now set their tonies price target at €13.00, up from €10.50, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E, which they view as better aligned with the company’s current outlook. What's in the News tonies announced a partnership with The Pokemon Company International, aiming to bring new Pokemon themed audio book content to the Toniebox starting in summer 2026, including four exclusive, collectible Pokemon Tonies featuring Pikachu, Bulbasaur, Charmander and Squirtle (Key Developments).
Narrative Update Feb 16

TNIE: Global Content Partnerships Will Support Future Double Digit Revenue Gains

Analysts have raised their price target on tonies from €11.37 to €13.83, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E that they consider more accurately reflect the company’s current risk and return profile. What's in the News Partnership with The Pokemon Company International includes a lightning yellow special edition Toniebox 2 inspired by Pikachu, planned for a global launch, including the US, in summer 2026 (Key Developments).
Narrative Update Feb 01

TNIE: Licensing Expansion And Index Inclusion Will Support Stronger Future Prospects

Analysts have nudged their price target for tonies slightly higher to €13.20, reflecting small adjustments to assumptions on discount rate, revenue, profit margin and future P/E that keep their fair value view effectively unchanged. What's in the News tonies confirmed earnings guidance for the 2025 financial year, expecting group revenue of more than €600 million in constant currency (corporate guidance).
Narrative Update Jan 18

TNIE: Fair Outlook Balances Index Inclusion With Evolving Profitability Assumptions

Analysts have lifted their fair value estimate for tonies from €9.00 to €10.50, citing updated assumptions around revenue growth, profit margins, and a lower future P/E multiple in their models. What's in the News tonies SE confirmed earnings guidance for the 2025 financial year, with management expecting group revenue of above €600 million in constant currency, based on forecast growth of more than 25% for the year (Corporate guidance) The company announced a partnership to bring new Pokémon audio book content to the Toniebox, starting in summer 2026 with four exclusive collectible Pokémon Tonies featuring Pikachu, Bulbasaur, Charmander, and Squirtle, with further products planned with Pikachu Press (Client announcement) tonies SE was added to the Germany SDAX (Total Return) Index, which may influence how index-tracking funds and some institutional investors view the stock (Index constituent change) Valuation Changes The fair value estimate has been revised from €9.00 to €10.50 per share, reflecting a higher central value in the model.
Narrative Update Jan 04

TNIE: Expanded Licensing Partnerships Will Drive Higher Future Profitability

Analysts have modestly adjusted their price target on tonies to reflect a stable fair value of €13.20, as slightly lower expected revenue growth is balanced by an improved profit margin outlook and a marginally reduced discount rate. What's in the News tonies SE confirmed guidance for 2025, targeting group revenue growth of more than 25 percent in constant currency and pushing annual sales above EUR 600 million (corporate guidance) tonies SE was added to the Germany SDAX Total Return Index, increasing its visibility among institutional and index-tracking investors (index update) tonies announced a partnership with Pokemon to launch exclusive audio first content for the Toniebox from summer 2026, starting with four collectible Pokemon figures and further products planned with Pikachu Press (client announcement) tonies expanded its long term licensing agreement with Hasbro to adapt classic board games, including Monopoly, into new interactive, screen free Tonieplay formats for launch in 2026 across its core markets (client announcement) Valuation Changes Fair Value: unchanged at €13.20 per share, indicating a stable overall valuation.
Narrative Update Dec 17

TNIE: Expanded Licensing Partnerships Will Drive Stronger Profitability Ahead

Analysts have raised their price target on tonies by approximately 10 percent to €13.20, citing slightly lower perceived risk, stronger expected revenue growth and improved profit margins, despite a modestly lower future P/E assumption. What's in the News Confirmed 2025 guidance, expecting group revenue to grow by more than 25 percent in constant currency and taking sales above EUR 600 million (company guidance) Announced a landmark partnership with Pokémon to launch audio first storytelling Tonies featuring Pikachu, Bulbasaur, Charmander and Squirtle from summer 2026, with further products planned with Pikachu Press (company announcement) Expanded long term licensing agreement with Hasbro to adapt classic board games, including Monopoly, into interactive, screen free Tonieplay formats for Toniebox 2, rolling out from 2026 across core markets in North America, DACH, UK, France and Australia or New Zealand (company announcement) Valuation Changes Fair Value: raised moderately from €12.00 to €13.20, reflecting a roughly 10 percent upward revision.
Narrative Update Dec 03

TNIE: Screen-Free Gaming Expansion Will Drive Future Double-Digit Revenue Gains

Narrative Update Analysts have maintained their price target for tonies at €11.37, as modest tweaks to the discount rate and forward valuation assumptions were not significant enough to justify a change in the overall valuation framework. What's in the News Confirmed 2025 guidance with group revenue expected to grow by more than 25% in constant currency, taking revenue above EUR 600 million (Company guidance) Expanded long term licensing agreement with Hasbro to bring select Hasbro Games titles, including Monopoly, to the Toniebox 2 in new interactive Tonieplay formats starting in 2026 (Company announcement) Planned Tonieplay game launches to roll out across core markets, including North America, DACH, the UK, France, and Australia/New Zealand, with further titles and details to be announced closer to launch (Company announcement) Valuation Changes Fair Value: unchanged at approximately €11.37 per share, reflecting a stable central valuation view.
Narrative Update Nov 19

TNIE: Expansion Into Screen-Free Gaming Will Drive Long-Term Revenue Momentum

Analysts have raised their price target for tonies from EUR 11.03 to EUR 11.37. They cite continued company performance and an improved profit margin outlook following recent results.
Analysis Article Sep 25

Here's Why tonies (FRA:TNIE) Can Manage Its Debt Responsibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Sep 01

Market Participants Recognise tonies SE's (FRA:TNIE) Revenues Pushing Shares 25% Higher

tonies SE ( FRA:TNIE ) shareholders have had their patience rewarded with a 25% share price jump in the last month...
Analysis Article Aug 26

tonies' (FRA:TNIE) Solid Earnings Are Supported By Other Strong Factors

tonies SE ( FRA:TNIE ) announced strong profits, but the stock was stagnant. We did some digging, and we found some...
Analysis Article May 14

tonies SE's (FRA:TNIE) 26% Jump Shows Its Popularity With Investors

tonies SE ( FRA:TNIE ) shareholders are no doubt pleased to see that the share price has bounced 26% in the last month...
User avatar
New Narrative May 07

Expanding North America And International Markets Will Fuel Future Success

Expansion into North America and internationally has greatly boosted revenue, showcasing strong market fit and profitability.
Analysis Article Apr 15

Is tonies (FRA:TNIE) Using Debt Sensibly?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Oct 18

Does tonies (FRA:TNIE) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Jun 04

Revenues Tell The Story For tonies SE (FRA:TNIE) As Its Stock Soars 33%

The tonies SE ( FRA:TNIE ) share price has done very well over the last month, posting an excellent gain of 33...
Analysis Article May 21

tonies (FRA:TNIE) Has Debt But No Earnings; Should You Worry?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Apr 12

With tonies SE (FRA:TNIE) It Looks Like You'll Get What You Pay For

When close to half the companies in the Leisure industry in Germany have price-to-sales ratios (or "P/S") below 0.9x...
Analysis Article Apr 15

tonies SE's (FRA:TNIE) Intrinsic Value Is Potentially 29% Above Its Share Price

Key Insights The projected fair value for tonies is €7.04 based on 2 Stage Free Cash Flow to Equity Current share price...

Shareholder Returns

TNIEDE LeisureDE Market
7D1.0%1.2%0.6%
1Y59.2%38.9%0.2%

Return vs Industry: TNIE exceeded the German Leisure industry which returned 41.5% over the past year.

Return vs Market: TNIE exceeded the German Market which returned -0.1% over the past year.

Price Volatility

Is TNIE's price volatile compared to industry and market?
TNIE volatility
TNIE Average Weekly Movement6.8%
Leisure Industry Average Movement5.5%
Market Average Movement6.1%
10% most volatile stocks in DE Market13.2%
10% least volatile stocks in DE Market2.7%

Stable Share Price: TNIE has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: TNIE's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2013634Tobias Wannwww.tonies.de

tonies SE, through its subsidiaries, develops, produces, and distributes digital, cloud based, and interactive audio platform and entertainment system for children in Germany, the United States, the United Kingdom, France, and internationally. It provides Toniebox, a speaker box that enables children to listen to stories and music, as well as various figurines under the Tonies brand name. The company also offers accessories and digital products, such as headphones, transport solutions, and decoration products.

tonies SE Fundamentals Summary

How do tonies's earnings and revenue compare to its market cap?
TNIE fundamental statistics
Market cap€1.17b
Earnings (TTM)€13.11m
Revenue (TTM)€630.35m
89.2x
P/E Ratio
1.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TNIE income statement (TTM)
Revenue€630.35m
Cost of Revenue€302.71m
Gross Profit€327.64m
Other Expenses€314.53m
Earnings€13.11m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Aug 20, 2026

Earnings per share (EPS)0.11
Gross Margin51.98%
Net Profit Margin2.08%
Debt/Equity Ratio8.8%

How did TNIE perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/21 10:53
End of Day Share Price 2026/05/21 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

tonies SE is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gerhard OrgonasBerenberg
Christoph BlieffertBNP Paribas
Hans SalisHauck Aufhäuser Investment Banking