flatexDEGIRO FTK.DE
GermanyFinancial Services · Capital MarketsXetra · EUR
45.38 EUR (+78.4%)
12 analysts
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flatexDEGIRO SE is a German online broker offering retail and institutional clients a trading platform for stocks, ETFs, funds, and other financial instruments on multiple European and international exchanges, generating revenue from commissions and interest on client balances. flatexDEGIRO shows solid financial health (ROE 21.68%) and exceptional quality (operating margin 55.79%), with very strong growth (revenue +28.2%, earnings +55.9%).
Listed on Xetra · Symbol FTK.DE · ETR: FTK · Currency EUR
Key points
from its scores- ✓High-quality business9.4
- ✓Strong growth9.2
- ✓Very solid balance sheet7.2
- ✕Little or no dividend4.3
- ✕Poor share-price trend4.5
AI analysis
bottom line, main risk, context and newsFundamentals are strong and valuation is attractive, but weak momentum and regulatory risk suggest waiting for a better entry point.
Its valuation is reasonable (P/E 13.83, forward 10.57), although momentum is weak (1st percentile in 52 weeks) and the dividend is low (1.05%). The business is well positioned to benefit from higher interest rates in Europe, but regulatory pressure in the sector is a factor to watch.
The main risk is regulatory pressure in the online brokerage sector in the EU, which could increase compliance costs and limit commission income, along with dependence on financial market activity for growth.
Context and risks
flatexDEGIRO operates in the financial services sector in Germany, a country with moderate governance and regulatory risk. The company is subject to BaFin supervision and European regulations (MiFID II), implying continuous regulatory scrutiny. Although there are no known specific litigations or investigations, the online brokerage sector faces increasing regulatory pressure in the EU regarding investor protection and cost transparency, justifying a moderate adjustment.
Is flatexDEGIRO stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 26% above the Financial Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 13.8 | 13.7 | +1% |
| Price / book | 2.8 | 1.9 | +51% |
| Price / sales | 4.4 | 3.5 | +28% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.3 out of 10 (median for Financial Services: 5.2).
Average analyst target: 45.38 EUR, +78.4% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 9.4 (sector 8.8), Growth 9.2 (sector 6.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 13.8
- Forward P/E
- 10.6
- Price / book
- 2.8
- Price / sales
- 4.4
- PEG
- 0.30
- Market cap
- 2.7B EUR
- Enterprise value
- −1.5B EUR
Profitability
- ROE
- 21.7%
- ROA
- 2.7%
- ROIC (approx.)
- 30.4%
- Gross margin
- 86.3%
- Operating margin
- 55.8%
- Net margin
- 31.4%
Solvency
- Total debt
- 160.7M EUR
- Net debt
- −4.2B EUR
- Cash
- 4.4B EUR
- Debt / equity
- 16.49
- Current ratio
- 0.88
- Quick ratio
- 0.88
Growth
- Revenue growth
- +28.2%
- Earnings growth
- +55.9%
- EPS (TTM)
- 1.84 EUR
- EPS (forward)
- 2.41 EUR
Dividend
- Dividend yield
- 1.2%
- Payout
- 16.3%
Risk and market
- Beta
- 1.05
- Analyst consensus
- Buy (12)
- Target price
- 45.38 EUR
- 52-week range
- 25.30 – 43.24
Recent news
All FTK.DE news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about flatexDEGIRO
Is flatexDEGIRO stock cheap or expensive?
On P/E and Price / book, it trades 26% above the Financial Services median on average. Valuation score: 5.3 out of 10 (median for Financial Services: 5.2). Average analyst target: 45.38 EUR, +78.4% versus the price. This is not investment advice.
What score does flatexDEGIRO get on MeridIAn Screener?
It scores 6.6 out of 10, rank 446 of 2,130 (better than 77% of the companies analysed). Its strongest category is Quality / Moat (9.4) and its weakest, Dividend (4.3). Analysis of 08/10/2026.
What is flatexDEGIRO's P/E ratio?
Its P/E is 13.8: the share price equals 13.8 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 10.6.
How much is flatexDEGIRO worth on the stock market?
Its market capitalisation is 2.7B EUR.
Does flatexDEGIRO pay a dividend?
Yes: its dividend yield is 1.18% and it pays out 16% of its earnings.
How has flatexDEGIRO stock performed over the last year?
It has fallen 16.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 25.30 and 43.24 EUR. Past performance does not guarantee future results.
What do analysts think of flatexDEGIRO?
12 analysts cover it; their average recommendation is “Buy” and their average target is 45.38 EUR (+78.4% versus the price). It is an estimate, not market data.