Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
United Labels AG is a Germany-based company specializing in the development, production, and marketing of licensed consumer goods featuring popular cartoon characters and media brands. Its product portfolio includes clothing such as nightwear, underwear, hosiery, and trousers; gift items like mugs, bowls, eggcups, and glassware; soft goods including soft toys, beanbags, cushions, and slippers; stationery products such as paper, writing pads, pen boxes, desk pads, and pencil cases; bathroom and household textiles like towels, flannels, tea towels, and slippers; as well as bags and accessories including sports bags, handbags, backpacks, and belts. The company operates through two main segments: Key Accounts, focusing on customized contract production, and Special Retail, providing stock goods to small-scale retailers. Licensors include prominent names like Peanuts, Warner, 20th Century Fox, Harry Potter, Paw Patrol, Peppa Pig, Playmobil, Batman, Superman, Hello Kitty, Looney Tunes, Sesame Street, and others. United Labels AG serves partners in the media and entertainment industry across Germany and internationally, positioning it as a key player in the licensed merchandise market. Founded in 1987 and headquartered in Münster, Germany, it acts as one of Europe's leading specialists in comicware and branded products under license.
Operating margin is thin at 5.07%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 9.5% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from 29.75% to 15.59%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (FY)
€22M
▼ -9.5% YoY
Net Income (FY)
€156K
▼ -75.3% YoY
Op. Margin
5.07%
▲ +1.0pp YoY
ROIC
15.59%
▼ -14.2pp YoY
Cash Flow & Balance Sheet
FCF (FY)
€705K
▲ +20.9% YoY
Op. Cash Flow (FY)
€833K
▼ -82.8% YoY
Net Debt
€515K
Cash & Equiv.
€414K
3Y CAGR: +7.7%
3Y CAGR: -12.6%
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