WinstonWınston
Back
Stock

Lang & Schwarz AG

LUS1.DE
60
Financial - Capital Markets · Financial Services
Also trades as: 0RS1.L GBP 0.16 (-0.96%)
Price
€15.55
+0.30 (+1.97%)
Market Cap
€146.8M
Exchange
Frankfurt Stock Exchange
Winston Score
60
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Oct 9, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Good
15/30
Growth
Strong
15/20
Cash Flow
Strong
8/10
Stability
Strong
7/10
Valuation
Good
6/10
Ownership
Mixed
6/15
Dividends
Good
3/5

60 of 100 counted points = Winston Score 60.

Track this stock — start free trial

§Winston Score History

The full picture

Lang & Schwarz AG is a German financial services company that acts as a market maker — meaning it helps buyers and sellers trade stocks, ETFs, and other financial products by always being ready to offer a price. It operates the TradeRepublic-linked trading platform and runs its own exchange, LS Exchange, which allows retail investors in Germany and across Europe to trade securities outside of normal stock market hours. The company is a key part of Germany's retail trading infrastructure.

Lang & Schwarz makes money primarily by earning the spread — the small difference between the price it buys and sells securities at — across millions of trades. It is headquartered in Düsseldorf, Germany, and generates most of its revenue from European retail trading activity. Its close partnership with Trade Republic, one of Europe's fastest-growing retail brokers, is both its biggest competitive advantage and its biggest risk, since heavy dependence on a single major client means any change in that relationship could significantly hurt revenue.

Growth Profile

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

Revenue Growth

+40.4% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+82.6% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

€0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

5.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€1.4B cash & investments

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

Revenue accelerating

Lang & Schwarz AG grew revenue 40% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

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.

Share count broadly stable

0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 9.4M (2021) → 9.4M (2025)

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
11.4%
Thin — 11.4% gross margin
Profit after running costs
Operating Margin
8.6%
Modest — 8.6% operating margin
Return on the money invested
ROCE
46.2%
Exceptional — 46.2% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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
+62.5%
Fast-growing sales (+62.5% YoY)
Profit growth
EPS YoY
+138.8%
Earnings growing fast (+138.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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
193%
Turns 193% of profit into real cash
Spare cash per sale
FCF Margin
9.8%
Modest free cash flow (9.8%)

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
1.02
Elevated debt (1.02)
Covers its interest
Interest Cover
100.00x
—
Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

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)
2.1x
Attractive valuation — P/E 2.1

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
-3.8
SLOWING
Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

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

Try free

Dividends

Dividend
Dividend Yield
12.54%
Healthy income — 12.54% yield

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

Dividend record
Dividend Growth
-65.3%
Dividend cut (-65.3% YoY) — warning sign

Full breakdown available with your free trial

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

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