BayWa AG

BYW6.DE

Industrial - Distribution · Industrials

Price

€2.63

+0.05 (+1.93%)

Market Cap

€94.2M

Exchange

Frankfurt Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2025

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

Dividends

Exceptional

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Share count rising — dilution

+2.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 35.3M (2020) → 36.1M (2024)

Winston Score History

The full picture

BayWa AG is a German trading and distribution company that sells agricultural products, building materials, and energy. Its main customers are farmers, construction businesses, and energy buyers across Europe. The company is one of the largest agricultural traders in the German-speaking world and also distributes renewable energy equipment like solar panels.

BayWa earns money by buying and reselling physical goods, taking a margin on each transaction — a model that depends heavily on volume and commodity prices. It operates mainly in Germany, Austria, and other European markets, with some global agricultural trading activity. The company's scale and long-standing supplier relationships give it some competitive advantage, but its thin margins leave little room for error. BayWa has faced serious financial pressure in recent years, carrying high debt loads that have forced asset sales and restructuring efforts, making debt reduction and restoring profitability the central challenge the business faces going forward.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-37.9% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-144.5% YoY

YoY Growth Rate

Earnings declining

R&D Spend

€0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

66.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~10 months

€549M cash & investments

Quarterly Free Cash Flow

Short runway — potential dilution ahead through share issuance

Cash watch

BayWa AG has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

15.0%

Thin — 15.0% gross margin

Profit after running costs

Operating Margin

3.7%

Thin — 3.7% operating margin

Return on the money invested

ROCE

3.3%

Weak — 3.3% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

-21.8%

Shrinking sales (-21.8% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-1.9%

Burning cash (-1.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

39.85%

Healthy income — 39.85% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

+17.1%

Dividend growing fast (17.1% YoY)

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