(FTK) flatexDEGIRO - Overview
Stock: Online Brokerage, Securities Trading, Banking Software, Fintech Services
Dividends
| Dividend Yield | 0.16% |
| Yield on Cost 5y | 0.18% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 21.9% |
| Payout Ratio | 3.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 38.3% |
| Relative Tail Risk | -10.5% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.36 |
| Alpha | 113.67 |
| Character TTM | |
|---|---|
| Beta | 0.304 |
| Beta Downside | 0.660 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.70% |
| CAGR/Max DD | 3.06 |
Description: FTK flatexDEGIRO January 11, 2026
flatexDEGIRO SE (XETRA:FTK) operates as an integrated online brokerage and fintech provider across Europe, split between the flatex brand (execution-only trading) and the DEGIRO brand (full-service brokerage covering shares, bonds, futures, options, ETFs, and more). In addition to retail brokerage, the firm offers professional-trader tools, short-selling capabilities, securities settlement, BPO banking services, securities-backed lending, and a proprietary core-banking platform (flatex Core Banking System) that underpins its technology stack.
As of FY 2023 the company reported revenue of roughly €1.2 billion, driven by a 15 % YoY increase in active client accounts that now exceed 2.5 million-a metric that outpaces the average growth rate of the European brokerage sector (≈9 %). The business benefits from a low-cost, high-frequency trading model that is sensitive to macro-driven equity market volatility and to the continued low-interest-rate environment, which sustains demand for cash-equivalent treasury products. However, regulatory costs under MiFID II and the upcoming EU Digital Operational Resilience Act (DORA) represent material headwinds that could compress margins if not managed efficiently.
If you want a data-rich, independent assessment of FTK’s valuation dynamics, a quick look at ValueRay’s analyst dashboard can help you spot any hidden upside.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 244.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.25 > 0.02 and ΔFCF/TA 14.99 > 1.0 |
| NWC/Revenue: 2.12% < 20% (prev 635.4%; Δ -633.3% < -1%) |
| CFO/TA 0.25 > 3% & CFO 1.57b > Net Income 244.8m |
| Net Debt (-3.96b) to EBITDA (443.0m): -8.93 < 3 |
| Current Ratio: 1.00 > 1.5 & < 3 |
| Outstanding Shares: last quarter (110.2m) vs 12m ago 0.00% < -2% |
| Gross Margin: 84.34% > 18% (prev 0.76%; Δ 8358 % > 0.5%) |
| Asset Turnover: 17.54% > 50% (prev 8.75%; Δ 8.79% > 0%) |
| Interest Coverage Ratio: -157.7 > 6 (EBITDA TTM 443.0m / Interest Expense TTM -2.31m) |
Altman Z'' 0.91
| A: 0.00 (Total Current Assets 5.44b - Total Current Liabilities 5.42b) / Total Assets 6.33b |
| B: 0.08 (Retained Earnings 518.9m / Total Assets 6.33b) |
| C: 0.07 (EBIT TTM 364.7m / Avg Total Assets 5.37b) |
| D: 0.16 (Book Value of Equity 865.5m / Total Liabilities 5.52b) |
| Altman-Z'' Score: 0.91 = BB |
Beneish M -3.11
| DSRI: 0.51 (Receivables 1.28b/1.03b, Revenue 942.5m/386.4m) |
| GMI: 0.90 (GM 84.34% / 76.16%) |
| AQI: 0.31 (AQ_t 0.13 / AQ_t-1 0.42) |
| SGI: 2.44 (Revenue 942.5m / 386.4m) |
| TATA: -0.21 (NI 244.8m - CFO 1.57b) / TA 6.33b) |
| Beneish M-Score: -3.11 (Cap -4..+1) = AA |
What is the price of FTK shares?
Over the past week, the price has changed by -4.86%, over one month by +5.21%, over three months by +20.12% and over the past year by +120.84%.
Is FTK a buy, sell or hold?
What are the forecasts/targets for the FTK price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 39.1 | -0.3% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 46.7 | 19.4% |
FTK Fundamental Data Overview February 07, 2026
P/E Trailing = 33.1035
P/S = 7.7918
P/B = 5.25
Revenue TTM = 942.5m EUR
EBIT TTM = 364.7m EUR
EBITDA TTM = 443.0m EUR
Long Term Debt = 46.0m EUR (from capitalLeaseObligations, last quarter)
Short Term Debt = 112.5m EUR (from shortTermDebt, last quarter)
Debt = 145.3m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -3.96b EUR (from netDebt column, last quarter)
Enterprise Value = 95.4m EUR (4.11b + Debt 145.3m - CCE 4.16b)
Interest Coverage Ratio = -157.7 (Ebit TTM 364.7m / Interest Expense TTM -2.31m)
EV/FCF = 0.06x (Enterprise Value 95.4m / FCF TTM 1.57b)
FCF Yield = 1643 % (FCF TTM 1.57b / Enterprise Value 95.4m)
FCF Margin = 166.2% (FCF TTM 1.57b / Revenue TTM 942.5m)
Net Margin = 25.98% (Net Income TTM 244.8m / Revenue TTM 942.5m)
Gross Margin = 84.34% ((Revenue TTM 942.5m - Cost of Revenue TTM 147.6m) / Revenue TTM)
Gross Margin QoQ = none% (prev 76.16%)
Tobins Q-Ratio = 0.02 (Enterprise Value 95.4m / Total Assets 6.33b)
Interest Expense / Debt = -1.59% (Interest Expense -2.31m / Debt 145.3m)
Taxrate = 27.61% (31.1m / 112.6m)
NOPAT = 264.0m (EBIT 364.7m * (1 - 27.61%))
Current Ratio = 1.00 (Total Current Assets 5.44b / Total Current Liabilities 5.42b)
Debt / Equity = 0.18 (Debt 145.3m / totalStockholderEquity, last quarter 814.4m)
Debt / EBITDA = -8.93 (Net Debt -3.96b / EBITDA 443.0m)
Debt / FCF = -2.53 (Net Debt -3.96b / FCF TTM 1.57b)
Total Stockholder Equity = 742.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.56% (Net Income 244.8m / Total Assets 6.33b)
RoE = 32.96% (Net Income TTM 244.8m / Total Stockholder Equity 742.8m)
RoCE = 46.23% (EBIT 364.7m / Capital Employed (Equity 742.8m + L.T.Debt 46.0m))
RoIC = 31.30% (NOPAT 264.0m / Invested Capital 843.5m)
WACC = 6.75% (E(4.11b)/V(4.25b) * Re(7.03%) + D(145.3m)/V(4.25b) * Rd(-1.59%) * (1-Tc(0.28)))
Discount Rate = 7.03% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 0.04%
[DCF Debug] Terminal Value 76.29% ; FCFF base≈1.11b ; Y1≈730.0m ; Y5≈333.1m
Fair Price DCF = 115.7 (EV 8.42b - Net Debt -3.96b = Equity 12.37b / Shares 107.0m; r=6.75% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 22.18 | EPS CAGR: 15.46% | SUE: 1.37 | # QB: 2
Revenue Correlation: 66.09 | Revenue CAGR: 26.18% | SUE: N/A | # QB: 0
EPS next Year (2026-12-31): EPS=1.75 | Chg30d=+0.084 | Revisions Net=+5 | Growth EPS=+14.1% | Growth Revenue=+9.8%