Bike24 Holding AG

BIKE.DE

Specialty Retail · Consumer Cyclical

Exchange

Frankfurt Stock Exchange

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Strong

Cash Flow

Strong

Stability

Good

Valuation

Weak

Track this stock — start free trial

Winston Score History

The full picture

Bike24 Holding AG is an online retailer based in Germany that sells bicycles, parts, clothing, and accessories to cycling enthusiasts across Europe. It carries thousands of products from well-known cycling brands and serves both casual riders and serious athletes. The company operates primarily through its website, making it part of the fast-growing but competitive European e-commerce market for sports and outdoor goods.

Bike24 makes money by selling products directly to consumers online, earning a margin on each item sold. It is headquartered in Dresden, Germany, and ships to customers across Europe, with Germany being its largest market. The company's thin gross margin of around 16% leaves little room for error, and its near-zero operating margin shows it is still struggling to turn sales into profit. The main challenge ahead is scaling up enough to cover fixed costs and compete against larger rivals like Wiggle and Decathlon without burning through cash.

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

+21.9% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+47.3% YoY

YoY Growth Rate

Strong earnings growth

Insider Activity

42.2%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€19M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Bike24 Holding AG is a rare growth stock that's already generating positive cash flow while growing at 22%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

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

9.7%

Thin — 9.7% gross margin

Profit after running costs

Operating Margin

-3.6%

Losing money on operations — -3.6%

Return on the money invested

ROCE

0.7%

Weak — 0.7% return on capital

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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+28.4%

Fast-growing sales (+28.4% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

798%

Turns 798% of profit into real cash

Spare cash per sale

FCF Margin

3.5%

Thin free cash flow (3.5%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.22

Conservative — low debt load (0.22)

Covers its interest

Interest Cover

0.37x

Dangerous — barely covers interest (0.4x)

Interest coverage below 1. Their profits don't cover the interest bill.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

60.3x

no trend

Expensive — P/E 60.3

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial