Added to YB: 2026-05-29
Pitch date: 2026-05-06
MULT.DE [bullish]
Multitude AG
-6.98%
current return
Author Info
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Company Info
Multitude AG, together with its subsidiaries, provides digital lending and online banking services in Finland.
Market Cap
EUR 118.2M
Pitch Price
EUR 6.02
Price Target
10.80 (+96%)
Dividend
9.96%
EV/EBITDA
N/A
P/E
6.58
EV/Sales
N/A
Sector
Consumer Finance
Category
value
Multitude: Europe's oldest digital lender Frankfurt Forgot to Reprice
MULT.DE: Europe's oldest digital lender at 5.9x P/E, 0.6x P/B, 8.9% yield. FY25 net profit €26.6M (+32% YoY), guidance €43M by 2028 (+60%). Full EU banking license, deposit-funded (€1.03B deposits, 29% LCR 686%), CET1 16.5%. 3 units: Consumer (€205M rev), SME (€35M), Wholesale (+185% portfolio growth). Impaired loan ratio fell 28.9%→15.2% since 2020. Analyst PT €10.80 (+79%). IPF peer bid at richer multiple. Risks: EU rate caps (CCD2), recession defaults, liquidity. M&A catalyst as consolidation heats up.
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