LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG

ECK.DE

Department Stores · Consumer Cyclical

Price

€19.20

-2.80 (-12.73%)

Market Cap

€70.9M

Exchange

Frankfurt Stock Exchange

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

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

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Strong

Stability

Mixed

Valuation

Weak

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Winston Score History

The full picture

Ludwig Beck am Rathauseck is a German department store company based in Munich. It operates a single flagship store in a prime location at the Marienplatz, the city's central square, selling clothing, accessories, cosmetics, and lifestyle goods. The store targets middle-to-upper-income shoppers and is considered one of Munich's best-known specialty retailers.

The company earns money through direct retail sales in its physical store, with no significant e-commerce or international presence. It is a very small business by global standards, with a market cap around €100 million and operations confined entirely to Germany. Its main competitive advantage is its long-established location in one of Europe's busiest tourist and shopping destinations, which drives consistent foot traffic. However, that single-store model is also its biggest risk — any prolonged drop in Munich tourism, rising rents, or a broader shift toward online shopping could meaningfully hurt revenue.

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

+90.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+4.1% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

€0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

84.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~5 months

€3M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Revenue accelerating

LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG grew revenue 90% 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: 3.7M (2021) → 3.7M (2025)

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

11.5%

Thin — 11.5% gross margin

Profit after running costs

Operating Margin

-2.9%

Losing money on operations — -2.9%

Return on the money invested

ROCE

2.4%

Weak — 2.4% 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

+25.7%

Fast-growing sales (+25.7% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

3730%

Turns 3730% of profit into real cash

Spare cash per sale

FCF Margin

8.4%

Modest free cash flow (8.4%)

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

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Stability

What it owes vs what it owns

Debt / Equity

1.53

Elevated debt (1.53)

Covers its interest

Interest Cover

1.58x

Dangerous — barely covers interest (1.6x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit

P/E Ratio (TTM)

320.0x

Expensive — P/E 320.0

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

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Dividends

Not applicable for this business.

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