(BATE) L&G Battery Value-Chain - Overview

Exchange: XETRA • Country: Germany • Currency: EUR • Type: Etf • ISIN: IE00BF0M2Z96

Etf: Mining, Chemicals, Battery, Recycling, Auto

Total Rating 69
Risk 62
Buy Signal 0.91
Risk 5d forecast
Volatility 30.6%
Relative Tail Risk 3.12%
Reward TTM
Sharpe Ratio 1.64
Alpha 50.88
Character TTM
Beta 0.409
Beta Downside 0.636
Drawdowns 3y
Max DD 34.03%
CAGR/Max DD 0.51

Description: BATE L&G Battery Value-Chain December 30, 2025

The L&G Battery Value-Chain UCITS ETF (ticker BATE) is a Germany-domiciled exchange-traded fund that tracks companies involved in the full battery ecosystem, from raw material extraction to cell manufacturing and recycling. It is classified under “Other Equity” on XETRA and trades as a standard ETF.

Key metrics (as of Q3 2024) show an expense ratio of 0.45 % and assets under management of roughly €210 million, with the top ten holdings accounting for about 55 % of the portfolio and including major lithium miners (e.g., Albemarle), battery cell producers (e.g., CATL) and recycling specialists (e.g., Umicore). The fund’s performance is closely tied to macro drivers such as the projected 30 % YoY growth in global EV sales, tightening supply-chain constraints on cobalt and nickel, and EU policy incentives that aim to secure a domestic battery value-chain by 2030.

Given the rapid evolution of battery technology and regulatory frameworks, a deeper dive into ValueRay’s proprietary analytics on sector-specific risk-adjusted returns could help you assess whether BATE aligns with your risk tolerance and return expectations.

What is the price of BATE shares?

As of February 09, 2026, the stock is trading at EUR 26.82 with a total of 15,269 shares traded.
Over the past week, the price has changed by +0.04%, over one month by +1.82%, over three months by +10.51% and over the past year by +59.53%.

Is BATE a buy, sell or hold?

L&G Battery Value-Chain has no consensus analysts rating.

What are the forecasts/targets for the BATE price?

Issuer Target Up/Down from current
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 31.1 16.1%

BATE Fundamental Data Overview February 04, 2026

Market Cap USD = 837.6m (708.2m EUR * 1.1827 EUR.USD)
Revenue TTM = 0.0 EUR
EBIT TTM = 0.0 EUR
EBITDA TTM = 0.0 EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 708.2m EUR (708.2m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 708.2m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 708.2m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 25.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 7.42% (E(708.2m)/V(708.2m) * Re(7.42%) + (debt-free company))
Discount Rate = 7.42% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)

Additional Sources for BATE ETF

Fund Manager Positions: Dataroma | Stockcircle