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Bike24 Holding (BIKE) Fair Value & Analysis

Consumer Cyclical · DE · Market cap €118M

BH Bike24 Holding BIKE · XETRA
Price€2.58
Fair Value€2.73
Upside+5.8%
Quality64/100
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Mixed Growth
Thin margins · 0.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/13)
Narrow moat 22/100
Evidence: Medium Range €1.93 – €3.52 Share as image

Fair value as of: Jul 16, 2026

From 11 valuation models · updated 25 days ago

Share price −0.4% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (€1.93 to €3.52) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€27.00 €0.9780 Fair Value €2.73 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €0.9780 – €27.00 · fair‑value band €1.93 – €3.52 · the €2.58 price screens below the €2.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Bike24 Holding (BIKE) currently trades at €2.58, while our model-based Fair Value estimate is €2.73, implying the stock looks roughly 5.8% fairly valued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Bike24 Holding generated revenue of €306M at a net margin of 0.5%. Revenue grew 22.0% year over year. It earns a return on equity of 1.2%. Net debt stands at €19.8M. Fundamentals as of Jul 16, 2026

Our scenario range runs from €1.93 (bear case) to €3.52 (bull case); at €2.58, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -49% fair-value upside, at 6%, BIKE screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF €3.64 €5.71 €9.39 80
Rev-Margin DCF €3.60 €6.63 €12.55 74
EV/EBITDA €2.37 €3.17 €3.96 54
All 11 models by family
DCF Models
FCF DCF €3.89 €5.45 €10.02 38
Owner Earnings €3.90 €7.68 €14.26 31
5Y Revenue Exit €3.45 €5.79 €10.69 39
5Y EBITDA Exit €2.91 €4.72 €8.24 41
10Y Revenue Exit €3.50 €7.15 €9.34 36
10Y EBITDA Exit €3.27 €6.18 €10.92 37
Multiples
EV/EBITDA €2.37 €3.17 €3.96 54
EV/Revenue €2.98 €4.27 €5.55 43
Asset-Based
NCAV (Graham) €1.40 €1.88 €2.81 50
Growth DCF
Growth DCF €3.64 €5.71 €9.39 80
Rev-Margin DCF €3.60 €6.63 €12.55 74

Widest divergence: DCF Models (€5.79) versus Asset-Based (€1.88). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €306M
Revenue growth (YoY) +22.0%
Net margin 0.5%
Return on equity 1.2%
Free cash flow €14.5M FY2025
P/E ratio 89.0
More key figures
Operating margin -3.6%
EPS (TTM) €-0.1300
EPS growth (YoY) -92.7%
Net debt €19.8M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 35

Profitability 34
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Bike24 Holding AG operates an online cycling platform in Germany, Austria, Switzerland, rest of Europe, and internationally. It offers classic bicycles, e-bikes, parts, and accessories, as well as clothing products. The company was incorporated in 2019 and is headquartered in Dresden, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bike24 Holding reported revenue of €289M in FY2025 versus €250M in FY2021, a compound +3.7%/yr. Reported net income was −€582K in FY2025.

Growth Quality 53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€289M
Latest YoY
+27.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.7%
Avg. growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.6%
Revenue +3.7%/yr
FY21 €250M
FY22 €262M
FY23 €226M
FY24 €226M
FY25 €289M
Net income
FY21 €2.2M
FY22 −€6.6M
FY23 −€80.4M
FY24 −€13.6M
FY25 −€582K

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Cite: Fair Value Calculator (2026). "Bike24 Holding Fair Value". https://www.fairvalue-calculator.com/stock/BIKE

Peer Group

Internet Retail · 109 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 64 · Above median
Fair Value upside +6% · Above median
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) -4% · Bottom 25%
Revenue growth 22% · Top 25%
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Internet Retail median · lower = cheaper

P/E (TTM) 89.0× · Pricier than 75% of peers
P/B 1.10× · Cheaper than median
P/S (TTM) 0.45× · Cheaper than median
P/FCF 9.4× · Pricier than median
EV/EBITDA 8.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 41 · sector 34
FUTURE 100 · sector 39
PAST 5 · sector 7
HEALTH 92 · sector 94
DIVIDEND 0 · sector 39

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Internet Retail stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Amazon.com, Inc AMZN $245.34 $127.67 -48%
Alibaba Group BABA $114.97 $75.75 -34%
PDD Holdings PDD $84.14 $223.51 +166%
MercadoLibre, Inc MELI $1,814 $798.98 -56%
DoorDash, Inc DASH $190.16 $38.64 -80%
Sea Limited SE $106.22 $52.70 -50%
eBay Inc EBAY $117.20 $60.13 -49%
JD.com, Inc JD €25.95 €31.88 +23%
Coupang, Inc CPNG $16.86 $2.79 -83%
Delivery Hero SE DHER €38.18 €12.71 -67%

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Frequently asked questions

Is Bike24 Holding (BIKE) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €2.73 versus a price of €2.58, about +6% (fairly valued).
What is the fair value of BIKE?
Our model-based fair value for Bike24 Holding is €2.73 (as of Jul 16, 2026), built from audited fundamentals. The current price is €2.58.
What is the quality score of BIKE?
Bike24 Holding has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Bike24 Holding (BIKE)?
Bike24 Holding reported trailing-twelve-month revenue of about €306M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of BIKE?
The net profit margin of Bike24 Holding is about 0.5%, meaning it keeps roughly 0.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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