Beiersdorf AG BDRFY

Consumer StaplesPersonal & Household Products & ServicesGermany

Last close 18.49 USD on Nov 3, 2026, −15.5% year to date

Quant rating

Quant rating D Rank 154 of 174 in Consumer Staples

Growth D 138 of 174
Valuation D 124 of 174
Quality D 127 of 174
Revisions D 142 of 174
Momentum C 88 of 174

Wall Street consensus Hold (3.00)Average target 18.22 USD −1.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	11,571	10,198	10,426	9,417	8,670	–
Revenue growth	13.5%	−2.2%	10.7%	8.6%	1.1%	6.2%
EPS (basic, normalized)	0.96	0.88	0.70	–	–	–
EPS growth	9.5%	25.0%	–	–	–	–
Gross margin	57.7%	58.5%	57.3%	56.3%	57.2%	57.4%
Net margin	9.5%	9.3%	7.8%	8.6%	8.4%	8.7%
ROE	11.0%	10.9%	9.1%	10.3%	9.7%	10.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	11,571	+13.5%	1.7x	1,859	+0.3%	10.4x	0.96	+9.5%	19.3x
2026	10,778	−6.9%	1.8x	1,701	−8.5%	11.3x	0.84	−12.4%	22.0x
2027	11,036	+2.4%	1.7x	1,749	+2.8%	11.0x	0.89	+6.0%	20.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	10,778	−3.6%	−3.6%	−5.9%	0.84	−13.4%	−13.4%	−16.0%
2027	11,036	−3.4%	−3.4%	−5.7%	0.89	−13.6%	−13.6%	−15.2%
2028	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Personal & Household Products & Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
BDRFY Beiersdorf AG	22.1B	–	9.5%	2.00x	22.0x	20.8x	11.3x	11.0x
LRLCY L'Oreal SA	258.3B	–	13.9%	6.81x	16.0x	14.7x	21.3x	19.7x
UPXI Upexi, Inc	66M	–	−984.3%	−1.09x	−1.7x	−5.7x	–	–
SNHO Shonghoya Intl Group Inc	34M	–	–	–	–	–	–	–
DSY Big Tree Cloud Holdings Limited	16M	–	−552.8%	5.67x	–	–	–	–
CABR Caring Brands Inc	13M	–	−148,772.3%	−4.13x	–	–	–	–
Mean		–	−30,057.2%	1.85x	12.1x	9.9x	16.3x	15.4x
Median		–	−552.8%	2.00x	16.0x	14.7x	16.3x	15.4x

Technical analysis

1M+9.0%
3M+1.5%
1Y−11.4%
3Y−27.9%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Beiersdorf AG, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	11,571	10,198	10,426	9,417	8,670	8,580
Cost of revenue	4,893	4,234	4,449	4,112	3,714	3,644
Gross profit	6,678	5,963	5,977	5,305	4,956	4,935
Selling, general & administrative expenses	4,753	4,199	4,199	3,769	3,550	3,523
Research & development	429	366	353	311	305	300
Interest expense (income), operating	−2.3	216	51.9	73.8	−5.7	17.1
Unusual expense (income)	62.2	114	225	89.9	105	83.0
Other operating expenses	−114	−272	−71.7	−108	−58.0	0
Operating income	1,550	1,340	1,219	1,169	1,061	1,011
Net interest income (expense)	38.8	28.0	18.8	21.4	20.5	24.4
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−5.9	5.2	−18.8	−17.1	−50.0	−33.0
Net income before taxes	1,583	1,373	1,219	1,173	1,031	1,003
Provision for taxes	462	412	393	348	286	298
Minority interest	−18.8	−16.6	−14.3	−17.1	−19.3	−20.8
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	1,103	944	812	808	725	684
Extraordinary items	–	–	–	–	–	–
Net income	1,103	944	812	808	725	684
EBIT, normalized	1,610	1,670	1,496	1,332	1,149	1,207
EBITDA, normalized	1,993	1,990	1,814	1,640	1,476	1,521
Basic EPS, normalized	0.96	0.88	0.70	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Beiersdorf AG, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	3,027	2,591	2,780	2,138	2,019	2,103
Receivables	2,599	2,114	2,014	1,833	1,720	1,726
Total inventory	1,890	1,669	1,671	1,666	1,301	1,223
Prepaid expenses	–	–	–	–	–	–
Other current assets	308	294	280	293	225	171
Total current assets	7,823	6,668	6,745	5,931	5,265	5,222
Property, plant & equipment	3,341	2,815	2,804	2,356	2,097	1,991
Goodwill	606	589	646	820	277	292
Intangibles	359	330	390	369	334	374
Long-term investments	2,167	2,553	2,952	3,408	4,476	4,171
Note receivable	–	–	–	–	–	–
Other long-term assets	687	515	401	332	396	414
Total assets	14,984	13,470	13,937	13,215	12,845	12,463
Liabilities
Accounts payable	2,917	2,662	2,465	2,491	2,243	2,005
Payable/accrued	–	–	–	–	–	–
Accrued expenses	492	437	498	435	438	397
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	20.0	36.2	16.6	10.7	31.8	23.2
Other current liabilities	692	692	887	1,088	1,067	932
Total current liabilities	4,121	3,826	3,867	4,025	3,780	3,357
Long-term debt	137	157	169	125	121	107
Minority interest	20.0	20.7	18.8	21.4	26.1	29.3
Other liabilities	604	692	699	712	1,107	1,350
Total liabilities	4,882	4,696	4,753	4,883	5,034	4,844
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	285	257	278	270	286	308
Additional paid-in capital	55.2	48.7	51.9	50.3	53.4	57.4
Retained earnings (accumulated deficit)	10,381	8,808	9,176	8,267	7,820	7,673
Treasury stock	–	–	–	–	–	–
Other equity	−620	−340	−322	−256	−349	−419
Total equity	10,102	8,774	9,184	8,332	7,811	7,620
Total liabilities & shareholders' equity	14,984	13,470	13,937	13,215	12,845	12,463

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Beiersdorf AG, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	1,122	961	827	825	745	705
Depreciation, depletion & amortization	385	370	496	307	326	314
Deferred taxes	–	–	–	–	–	–
Non-cash items	316	402	356	362	296	316
Changes in working capital	−901	−458	−640	−641	−238	−133
Cash from operations	922	1,274	1,038	853	1,129	1,202
Investing activities
Capital expenditures	−544	−452	−571	−586	−469	−342
Other investing cash flows	694	322	194	156	−491	−551
Cash from investing	150	−130	−376	−430	−961	−893
Financing activities
Financing cash flow items	−45.8	−75.6	−89.4	−131	−50.0	−37.9
Cash dividends paid	−262	−235	−175	−170	−181	−194
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−687	−755	−278	−68.5	70.5	−155
Cash from financing	−995	−1,065	−543	−369	−160	−387
Foreign exchange effects	−85.7	−2.1	−60.7	−6.4	27.3	−92.8
Net change in cash	−8.2	76.6	58.5	47.1	35.2	−171
Free cash flow	378	822	468	266	659	860

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.