How does BIKED's PS Ratio compare to its peers?

BIKED is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (0.6x).

How does BIKED's PS Ratio compare vs other companies in the GB Specialty Retail Industry?

BIKED is expensive based on its Price-To-Sales Ratio (0.5x) compared to the UK Specialty Retail industry average (0.3x).

What is BIKED's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate BIKED's Price-To-Sales Fair Ratio for valuation analysis.

What is the Fair Price of BIKED when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

BIKED (€4.23) is trading below our estimate of [[fair value]] (€29.04)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

BIKED Stock Overview

Operates online cycling platforms in Germany, Austria, Switzerland, rest of Europe, and internationally. More details

BIKED fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Trading at 85.5% below our estimate of its fair value

Earnings are forecast to grow 44.26% per year

Revenue grew by 6.6% over the past year

Risk Analysis

Shares are highly illiquid

My Notes

Capture your thoughts, links and company narrative

Bike24 Holding AG Competitors

Card Factory

LSE:CARD

UK£341.7m

Angling Direct

AIM:ANG

UK£31.3m

Gear4music (Holdings)

AIM:G4M

UK£34.6m

Moonpig Group

LSE:MOON

UK£723.0m

Price History & Performance

Summary of share price highs, lows and changes for Bike24 Holding
Historical stock prices
Current Share Price	€4.23
52 Week High	€8.40
52 Week Low	€2.73
Beta	0
1 Month Change	0%
3 Month Change	n/a
1 Year Change	-56.80%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-75.26%

Recent updates

Shareholder Returns

	BIKED	GB Specialty Retail	GB Market
7D	0%	-1.1%	1.3%
1Y	-56.8%	-9.7%	4.3%

Return vs Industry: BIKED underperformed the UK Specialty Retail industry which returned 12.4% over the past year.

Return vs Market: BIKED underperformed the UK Market which returned -2.4% over the past year.

Price Volatility

Is BIKED's price volatile compared to industry and market?
BIKED volatility
BIKED Average Weekly Movement	n/a
Specialty Retail Industry Average Movement	4.8%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.5%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: BIKED has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine BIKED's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2002	450	Andrés Martin-Birner	corporate.bike24.com

Bike24 Holding AG operates online cycling platforms in Germany, Austria, Switzerland, rest of Europe, and internationally. It retails a range of traditional bicycles, e-bikes with electric motors, spare parts, accessories, and sportswear through online. The company was founded in 2002 and is headquartered in Dresden, Germany.

Bike24 Holding AG Fundamentals Summary

How do Bike24 Holding's earnings and revenue compare to its market cap?
BIKED fundamental statistics
Market cap	€127.42m
Earnings (TTM)	-€4.49m
Revenue (TTM)	€260.14m

0.5x

P/S Ratio

-28.3x

P/E Ratio

Is BIKED overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BIKED income statement (TTM)
Revenue	€260.14m
Cost of Revenue	€214.13m
Gross Profit	€46.01m
Other Expenses	€50.50m
Earnings	-€4.49m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

May 10, 2023

Earnings per share (EPS)	-0.10
Gross Margin	17.69%
Net Profit Margin	-1.73%
Debt/Equity Ratio	17.9%

How did BIKED perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/04/05 05:38
End of Day Share Price	2023/01/06 00:00
Earnings	2022/09/30
Annual Earnings	2021/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Bike24 Holding AG is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Gerhard Orgonas	Berenberg
Catharina Claes	Berenberg
Wolfgang Specht	Berenberg