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Binect AG (MA10.DE)

EUR1.62 +0.00 (+0.00%)
DE XETRA Financial Services Asset Management
Address Robert-Koch-Strasse 9 64331
Weiterstadt, DE
CEO Frank Wermeyer
Website binect.com
IPO 2006-11-28
ISIN DE000A3H2135

Explore sections of this company profile

Description

Binect AG, a technology holding firm established in 2004 and headquartered in Weiterstadt, Germany, operates within Germany, specializing in digital business communication, hybrid and digital mail services, and comprehensive output management solutions. The company provides an extensive software and service platform tailored for digitizing diverse business documents and streamlining receipt logistics. Furthermore, it develops and integrates bespoke digital modules and solutions for a broad clientele, including mid-sized enterprises, public authorities, and various other institutions. Originally known as MAX 21 AG, the company officially adopted the name Binect AG in August 2021.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR1.62 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
5.4K
Beta
0.63
Float Shares
2.99M
Free Float %
93.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.42% -2.11% -5.44% -6.71% -17.26% -12.03% -31.86% -41.10% -56.29% -87.57% -95.67%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1.62
DCF (Unlevered) 2.37 +46.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.58
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
0 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Asset Management: +17.4%
    +5.9% Q4'25: +35.6% (vs Q4'23)
  • EPS growth Asset Management: +22.7%
    +37.8% Q4'25: +212.1% (vs Q4'23)
  • FCF margin FCF growth · Asset Management: +27.7%
    +0.2% Q4'25: -0.5% (vs Q4'23)
  • EBIT margin Asset Management: +50.6%
    +0.2% Q4'25: +0.6% (vs Q4'23)
  • ROIC Asset Management: +6.5%
    +0.6% Q4'25: +3.8% (vs Q4'23)
  • Share dilution Asset Management: +0.0%
    +0.0% Q4'25: -0.1% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Asset Management: -0.03×
    0.67× Q4'25: 0.30× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.63) × ERP
WACC = 90% × Ke + 10% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2.37 Current price: 1.62
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Dec 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
7.26M
est: 6.30M (+15.2%)
7.16M
est: 9.80M (-27.0%)
1.17M
est: 7.05M (-83.5%)
9.37M
est: 8.90M (+5.3%)
9.37M
est: 10.23M (-8.4%)
10.18M
est: 11.86M (-14.2%)
12.53M
est: 12.48M (+0.4%)
14.78M
est: 17.58M (-15.9%)
20.96M
est: 19.22M (+9.1%)
22.20M
est: 21.75M (+2.1%)
23.24M
23.24M – 23.24M
+6.8% YoY
24.40M
23.82M – 24.98M
+5.0% YoY
25.38M
25.38M – 25.38M
+4.0% YoY
26.39M
26.39M – 26.39M
+4.0% YoY
EBITDA
-4.16M
est: 401.6K (-1,135.1%)
-4.98M
est: 624.7K (-896.5%)
-95.6K
est: 449.5K (-121.3%)
-4.13M
est: 567.3K (-828.5%)
964.2K
est: 652.4K (+47.8%)
633.0K
est: 756.3K (-16.3%)
740.6K
est: 795.2K (-6.9%)
850.1K
est: 881.6K (-3.6%)
775.5K
est: 963.7K (-19.5%)
775.4K
est: 1.09M (-28.9%)
1.17M
1.17M – 1.17M
+6.8% YoY
1.22M
1.19M – 1.25M
+5.0% YoY
1.27M
1.27M – 1.27M
+4.0% YoY
1.32M
1.32M – 1.32M
+4.0% YoY
EBIT
-6.02M
est: 148.0K (-4,165.6%)
-16.41M
est: 230.3K (-7,226.9%)
-128.0K
est: 165.7K (-177.3%)
-5.28M
est: 209.1K (-2,627.0%)
447.7K
est: 240.5K (+86.2%)
190.0K
est: 278.8K (-31.9%)
318.2K
est: 293.1K (+8.6%)
353.1K
est: 251.8K (+40.2%)
36.9K
est: 275.3K (-86.6%)
42.6K
est: 311.6K (-86.3%)
332.9K
332.9K – 332.9K
+6.8% YoY
349.6K
341.2K – 357.9K
+5.0% YoY
363.6K
363.6K – 363.6K
+4.0% YoY
378.1K
378.1K – 378.1K
+4.0% YoY
Net Income
-7.51M
est: -7.46M (-0.7%)
-16.46M
est: -6.72M (-144.8%)
-13.65M
est: -4.67M (-192.1%)
-4.76M
est: -2.76M (-72.5%)
453.8K
est: -1.49M (+130.5%)
99.6K
est: -212.3K (+146.9%)
154.7K
est: 257.3K (-39.9%)
97.8K
est: -272.8K (+135.9%)
86.9K
est: 96.5K (-9.9%)
119.7K
est: 225.1K (-46.8%)
128.6K
128.6K – 128.6K
-42.9% YoY
192.9K
192.9K – 192.9K
+50.0% YoY
353.7K
353.7K – 353.7K
+83.3% YoY
546.7K
546.7K – 546.7K
+54.5% YoY
SGA
530.9K
est: 222.6K (+138.5%)
590.4K
est: 346.2K (+70.5%)
est: 249.1K (-100.0%)
199.8K
est: 314.4K (-36.4%)
367.0K
est: 361.5K (+1.5%)
341.0K
est: 419.1K (-18.6%)
426.0K
est: 440.7K (-3.3%)
558.0K
est: 483.3K (+15.5%)
675.0K
est: 528.3K (+27.8%)
est: 598.0K (-100.0%)
638.9K
638.9K – 638.9K
+6.8% YoY
670.9K
654.8K – 686.9K
+5.0% YoY
697.7K
697.7K – 697.7K
+4.0% YoY
725.6K
725.6K – 725.6K
+4.0% YoY
EPS
-4.27
est: -2.32 (-84.1%)
-7.11
est: -2.09 (-240.1%)
-5.01
est: -1.45 (-244.9%)
-1.75
est: -0.86 (-103.9%)
0.17
est: -0.46 (+136.8%)
0.03
est: -0.07 (+146.9%)
0.05
est: 0.08 (-39.9%)
0.03
est: -0.08 (+135.8%)
0.03
est: 0.03 (-10.0%)
0.04
est: 0.07 (-46.9%)
0.04
0.04 – 0.04
-42.9% YoY
0.06
0.06 – 0.06
+50.0% YoY
0.11
0.11 – 0.11
+83.3% YoY
0.17
0.17 – 0.17
+54.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 4/5 2/5 3/5 3/5 1/5 4/5
2026-05-27 B 3/5 4/5 2/5 3/5 3/5 1/5 4/5
2026-05-25 B 3/5 4/5 2/5 3/5 3/5 1/5 4/5
2026-05-22 B 3/5 4/5 2/5 3/5 3/5 1/5 4/5
2026-05-21 B 3/5 4/5 2/5 3/5 3/5 1/5 4/5
2026-05-20 B 3/5 4/5 2/5 3/5 3/5 1/5 4/5
2026-05-19 B 3/5 4/5 2/5 3/5 3/5 1/5 4/5
2026-05-18 B 3/5 4/5 2/5 3/5 3/5 1/5 4/5
2026-05-15 B 3/5 3/5 2/5 3/5 3/5 1/5 4/5
2026-05-14 B 3/5 3/5 2/5 3/5 3/5 1/5 4/5
2026-05-13 B 3/5 3/5 2/5 3/5 3/5 1/5 4/5
2026-05-12 B 3/5 3/5 2/5 3/5 3/5 1/5 4/5
2026-05-11 B 3/5 3/5 2/5 3/5 3/5 1/5 4/5
2026-05-08 B 3/5 3/5 2/5 3/5 3/5 1/5 4/5
2026-05-07 B 3/5 3/5 2/5 3/5 3/5 1/5 4/5
2026-05-06 B 3/5 3/5 2/5 3/5 3/5 1/5 4/5
2026-05-05 B 3/5 3/5 2/5 3/5 3/5 1/5 4/5
2026-05-04 B 3/5 3/5 2/5 3/5 3/5 1/5 4/5
2026-04-30 B 3/5 3/5 2/5 4/5 3/5 1/5 4/5
2026-04-29 B 3/5 3/5 2/5 4/5 3/5 1/5 4/5
2026-04-28 B 3/5 3/5 2/5 4/5 3/5 1/5 4/5
2026-04-27 B 3/5 3/5 2/5 4/5 3/5 1/5 4/5
2026-04-24 B 3/5 3/5 2/5 4/5 3/5 1/5 4/5
2026-04-23 B 3/5 4/5 2/5 4/5 2/5 1/5 4/5
2026-04-22 B 3/5 4/5 2/5 4/5 2/5 1/5 4/5
2026-04-21 B 3/5 4/5 2/5 4/5 2/5 1/5 4/5
2026-04-20 B 3/5 4/5 2/5 4/5 2/5 1/5 4/5
2026-04-17 B+ 3/5 4/5 2/5 5/5 2/5 1/5 4/5
2026-04-16 B+ 3/5 4/5 2/5 5/5 2/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
303.7K
OE per share TTM
0.09
Owner's Yield
6.80%
Maintenance CapEx ratio
33.70%
Maint CapEx / Avg PPE
3.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
927.00
Shares Outstanding
3.22M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Frank Wermeyer Member of the Management Board
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits