FTK Stock Overview
flatexDEGIRO AG provides online brokerage and IT solutions in the areas of finance and financial technology services in Europe.
Price History & Performance
|Historical stock prices|
|Current Share Price||€11.57|
|52 Week High||€23.05|
|52 Week Low||€8.49|
|1 Month Change||30.15%|
|3 Month Change||-14.61%|
|1 Year Change||-46.50%|
|3 Year Change||63.82%|
|5 Year Change||191.80%|
|Change since IPO||968.82%|
Recent News & Updates
|FTK||DE Capital Markets||DE Market|
Return vs Industry: FTK underperformed the German Capital Markets industry which returned -8.8% over the past year.
Return vs Market: FTK underperformed the German Market which returned -20.4% over the past year.
|FTK Average Weekly Movement||8.5%|
|Capital Markets Industry Average Movement||5.3%|
|Market Average Movement||5.7%|
|10% most volatile stocks in DE Market||10.3%|
|10% least volatile stocks in DE Market||2.8%|
Stable Share Price: FTK is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: FTK's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of German stocks.
About the Company
flatexDEGIRO AG provides online brokerage and IT solutions in the areas of finance and financial technology services in Europe. It operates through Financial Services (FIN) and Technologies (TECH) segments. The FIN segment offers business-to-consumer online brokerage, business-to-business white-label banking, electronic securities settlement, custody account management, and other banking products and services.
flatexDEGIRO Fundamentals Summary
|FTK fundamental statistics|
Is FTK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FTK income statement (TTM)|
|Cost of Revenue||€75.33m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 30, 2022
|Earnings per share (EPS)||0.47|
|Net Profit Margin||12.71%|
How did FTK perform over the long term?See historical performance and comparison
Is FTK undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FTK?
Other financial metrics that can be useful for relative valuation.
|What is FTK's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FTK's PE Ratio compare to its peers?
|FTK PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
BFV Berliner Effektengesellschaft
T2G Tradegate Wertpapierhandelsbank
LUS1 Lang & Schwarz
Price-To-Earnings vs Peers: FTK is good value based on its Price-To-Earnings Ratio (24.7x) compared to the peer average (92.9x).
Price to Earnings Ratio vs Industry
How does FTK's PE Ratio compare vs other companies in the DE Capital Markets Industry?
Price-To-Earnings vs Industry: FTK is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the German Capital Markets industry average (10.8x)
Price to Earnings Ratio vs Fair Ratio
What is FTK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||24.7x|
|Fair PE Ratio||25.2x|
Price-To-Earnings vs Fair Ratio: FTK is good value based on its Price-To-Earnings Ratio (24.7x) compared to the estimated Fair Price-To-Earnings Ratio (25.2x).
Share Price vs Fair Value
What is the Fair Price of FTK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FTK (€11.57) is trading below our estimate of fair value (€31.76)
Significantly Below Fair Value: FTK is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is flatexDEGIRO forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FTK's forecast earnings growth (29.4% per year) is above the savings rate (-0.01%).
Earnings vs Market: FTK's earnings (29.4% per year) are forecast to grow faster than the German market (9.4% per year).
High Growth Earnings: FTK's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FTK's revenue (12.8% per year) is forecast to grow faster than the German market (4.8% per year).
High Growth Revenue: FTK's revenue (12.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FTK's Return on Equity is forecast to be low in 3 years time (19.5%).
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How has flatexDEGIRO performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FTK has high quality earnings.
Growing Profit Margin: FTK's current net profit margins (12.7%) are lower than last year (19.5%).
Past Earnings Growth Analysis
Earnings Trend: FTK's earnings have grown significantly by 30.4% per year over the past 5 years.
Accelerating Growth: FTK's earnings growth over the past year (3.3%) is below its 5-year average (30.4% per year).
Earnings vs Industry: FTK earnings growth over the past year (3.3%) underperformed the Capital Markets industry 13.6%.
Return on Equity
High ROE: FTK's Return on Equity (10.3%) is considered low.
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How is flatexDEGIRO's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: FTK's short term assets (€3.0B) do not cover its short term liabilities (€3.1B).
Long Term Liabilities: FTK's short term assets (€3.0B) exceed its long term liabilities (€135.2M).
Debt to Equity History and Analysis
Debt Level: FTK has more cash than its total debt.
Reducing Debt: FTK's debt to equity ratio has reduced from 70.4% to 30.4% over the past 5 years.
Debt Coverage: FTK's debt is well covered by operating cash flow (257.2%).
Interest Coverage: Insufficient data to determine if FTK's interest payments on its debt are well covered by EBIT.
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What is flatexDEGIRO current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FTK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FTK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FTK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FTK's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: FTK is not paying a notable dividend for the German market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as FTK has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Frank Niehage (54 yo)
Mr. Frank Niehage, LLM, serves as the Chief Executive Officer of subsidiary AKTIONAERSBANK. Mr. Niehage has been Chief Executive Officer of flatexDEGIRO AG (formerly known as flatex AG) (formerly known as,...
CEO Compensation Analysis
Compensation vs Market: Frank's total compensation ($USD1.55M) is about average for companies of similar size in the German market ($USD1.56M).
Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.
Experienced Management: FTK's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: FTK's board of directors are considered experienced (5.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
flatexDEGIRO AG's employee growth, exchange listings and data sources
- Name: flatexDEGIRO AG
- Ticker: FTK
- Exchange: XTRA
- Founded: 1999
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Implied Market Cap: €1.271b
- Shares outstanding: 109.89m
- Website: https://www.flatex.com
Number of Employees
- flatexDEGIRO AG
- Rotfeder-Ring 7
- Frankfurt am Main
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/15 00:00|
|End of Day Share Price||2022/08/15 00:00|
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 here.