Multitude AG

€5.74As of Sun 8 Nov 2026, 12:00 UTC

XETRA:MULTFinancials

Country Germany

PE (Fwd) 4.137

TSR 10Y CAGR (6.59%)

Div yield —

ROTE 13.32%

Banks (Regional)

Beta (5Y) 0.83

PE TTM 5.047

TSR TTM (8.45%)

Mkt cap €122.9M

NIM —

SE Grade™

Value

Quality

Moat

1Y Price

Reference

€9.44

64.51%

261.69%

Buy 1|3|0|0|0

TTM

FYE 31 Dec EUR

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

154.1

Revenue€M

—

180.0

173.9

175.2

163.5

—

(3.15%)

—

Revenue growth%

—

5.55

10.34

(2.65)

(1.23)

5.55

—

NIM%

—

◌65.91

Effic. R.%

—

◌46.67

◌51.02

◌56.49

◌61.03

◌66.03

53.76

—

10.98

Net margin%

—

5.56

7.35

8.20

11.09

11.03

7.78

—

5.047

P/E ratio (avg)x

—

6.015

5.036

5.653

5.378

4.959

5.515

—

0.672

P/TBVx

—

0.477

0.537

0.711

0.830

0.645

0.624

—

0.531

P/Bx

—

0.394

0.451

0.590

0.689

0.514

0.521

—

NII€M

—

NII grth%

—

13.32

ROTE%

—

7.92

10.66

12.58

15.43

13.10

11.62

—

10.52

Return on equity%

—

6.54

9.04

10.72

13.27

10.60

9.88

—

1.65

Return on assets%

—

1.56

1.66

1.84

1.92

1.63

1.75

—

100

1.14

EPS€

—

0.54

0.76

0.92

1.19

1.16

29.79%

—

EPS growth%

—

39.19

21.37

29.42

(2.49)

29.42

—

10.81

Bookvalue per sh€

—

8.30

8.44

8.78

9.26

11.17

3.73%

—

8.54

TBV/sh€

—

6.85

7.09

7.29

7.69

8.89

3.94%

—

Dividend per sh€

—

0.12

0.19

0.42

0.50

87.70%

—

Div yield (avg)%

—

3.13

3.60

6.57

8.65

3.60

—

100

—

Payout ratio%

—

23.36

28.71

40.35

42.91

26.03

—

21.41

Shares (diluted)M

—

21.68

21.75

22.06

22.45

◌22.45

1.16%

—

Buyback yield%

—

(0.31)

(1.42)

(1.76)

◌—

(1.42)

—

15.64

Eq/Assets%

—

23.89

18.53

17.63

15.01

◌15.64

18.08

—

1.555

Assets€B

—

0.753

0.991

1.099

1.386

◌1.603

22.53%

—

LT debt€M

—

46.79

47.51

76.64

108.2

120.3

32.22%

—

Peers (US$135.6M)

Cap (US$)

Glarner Kantonalbank

442.1M

14.07x

Schweizerische…

382.6M

—

Banque Cantonale du…

284.5M

18.84x

PT Bank Aladin Syariah…

138.1M

41.54x

Capital

TTM

10Y

Tang eq%

12.36

15.10

LT debt%

—

6.59

Cash%

27.26

22.33

Sh yield%

—

2.82

Owners

Insiders/Inst%

—

1.80

Short interest%

—

SBC / revenue%

—

Record

10Y

Profitable years

4/4

Revenue growth years

2/3

EPS growth years

3/3

Dividend streakyrs

ROE range%

7–13

$1 testx

—

Incr. ROIC%

—

Multitude AG, together with its subsidiaries, provides digital lending and online banking services in Finland. Its loan portfolio consists of micro loans, Plus loans, Prime loans, instalment loans, secured loans, and revolving credit facilities; and working capital, credit line, and purchase financing. The company also provides saving and current accounts, and fixed-term deposits; and debit and credit cards.

Growth vs revenue

Latest

Trend

3Y CAGR

Rel growth

Total assets

€1.386B

22.53%

1.62×

Revenue

€240.2M

4.27%

1.00×

Operating costs

€147.6M

10.79%

1.20×

Asset mix

Trend

Other

75.50%

Cash and investments

21.95%

Goodwill & intangibles

2.54%

Reinvestment returns

5Y median

Trend

Retention rate

81.95%

Return on capital

9.88%

Spread over hurdle

5.12%