Takkt
TTK.DE Micro CapIndustrials · Business Equipment & Supplies
Updated: Jul 6, 2026, 22:20 UTC
Price Chart
Key Metrics
Valuation Analysis
About the Company
TAKKT AG operates as an omnichannel direct marketing company for business equipment in Europe, Germany, the United States, North America, and internationally. It operates in three divisions: Industrial & Packaging, Office Furniture & Displays, and FoodService. The company offers pallet-lifting trucks, universal cabinets and swivel chairs, as well as special-purpose products, such as environmental cabinets and containers for hazardous materials; business equipment and office furniture, including desks, chairs, cabinets, and workbenches to small and medium-sized companies under the BiGDUG and OfficeFurnitureOnline brands; lockers; and collapsible boxes, package padding, shipping pallets, and stretch film under the ratioform and Davpack brands. It also provides office furniture products compr
Takkt Stock at a Glance
Takkt (TTK.DE) is currently trading at €2.30 with a market capitalization of $147.3M. The 52-week range spans from €2.23 to €6.55; the current price is 64.9% below the yearly high. Year-over-year revenue growth stands at -10.2%.
💰 Dividend
Takkt pays an annual dividend of €0.60 per share, representing a yield of 26.09%. The payout ratio stands at 750%. The elevated payout ratio reflects a mature dividend policy.
📊 Analyst Rating
2 analysts rate Takkt (TTK.DE) on consensus: Buy. The average price target is €4.75, implying +106.52% from the current price. Analyst price targets range from €4.50 to €5.00.
Takkt: The Investment Case in Detail
Takkt (TTK.DE) operates in the Industrials — specifically Business Equipment & Supplies — and is headquartered in Germany. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bull Case
Wall Street consensus sits at Buy with an average price target implying roughly 106.52% upside from current levels — analyst sentiment is firmly constructive.
The Bear Case
Revenue is contracting at -10.2% year-over-year — until that trend reverses, valuation is exposed to further downgrades. Net margins remain negative, meaning every euro of revenue is still producing losses — the path to profitability is the central question for shareholders.
Valuation in Context
The PEG ratio at 1.48 sits in the reasonable zone — the price tag is roughly aligned with the company's growth profile, neither punishing nor euphoric. The EV/EBITDA multiple of 135.68x reflects rich expectations — historically, multiples at this level have proven hard to maintain for more than a few quarters.
What to Watch Next
- The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.
- The analyst consensus price target implies 106.52% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.
Investment Thesis: Strengths & Weaknesses
- Analyst consensus: Buy
- Solid dividend yield of 26.09%
- Solid balance sheet with low debt (D/E 41.53)
- Positive free cash flow
- –Revenue shrinking (-10.2% YoY)
- –Currently unprofitable
Technical Snapshot
Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).
Risk Profile
The data points to relatively defensive market behavior.
Trading Data
💵 Dividend Info
Related Stocks in the Same Sector
TAKKT at 2.62 euros: the boring German omnichannel B2B equipment dealer at 0.46x book and 22 percent dividend yield
The Real Story
TAKKT AG is a German omnichannel direct-marketing company selling business equipment to small and medium B2B customers. Three divisions: Industrial and Packaging (forklifts, pallet equipment, packaging supplies — sold under brands like Ratioform, Ratioplast), Office Furniture and Displays (commercial seating, exhibit displays, office storage), and FoodService (commercial kitchen equipment under brands like Hubert Company). About 940 million euros revenue across Germany, US, and other European markets.
The market is pricing TAKKT for catastrophe. Trailing EPS minus 1.98 (likely from one-time impairments), forward P/E 5.4, P/B 0.46, and an eye-popping 22.86 percent dividend yield. The yield says either the dividend gets cut materially, or the market is wrong about the underlying business. Reality is probably somewhere in between: TAKKT will likely cut the dividend by 50 to 70 percent in 2026 (still leaving 7 to 10 percent yield), and the underlying B2B equipment business has cyclical pressure but is not in terminal decline.
What Smart Money Thinks
Franz Haniel and Cie holds majority control — German Mittelstand industrial holding similar to family-controlled structures. No major hedge-fund whale. The Haniel-controlled structure means dividend policy is family-driven; cuts are possible but communicated transparently.
Explore the BMI Smart-Money Tracker →
📈 The 3 Real Bull Points
📉 The 3 Real Bear Points
Valuation in Context
At 2.62 EUR with negative trailing EPS (impairment-driven), trailing P/E is meaningless. Forward P/E 5.4 on consensus 0.49 EUR forward EPS. P/B 0.46 and EV/EBITDA 144 (the high number reflects the cyclical-trough EBITDA) tell a value story. The thesis is dividend reset followed by recovery; the entry is at deep-discount, expect volatility.
🗓️ Next 3 Catalyst Dates
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💬 Daniel's Take
TAKKT is a high-conviction-but-volatile deep-value Mittelstand play. The dividend yield is a trap — assume it gets cut. What you are really buying is forward P/E 5.4 on a recovering B2B business with credible deleveraging path. I would size 0.5 to 1 percent in a deep-value sleeve, expect short-term volatility around the dividend reset, and hold for the multi-year recovery. Not income — capital appreciation play with optionality on dividend reinstatement.
Sources (3)
Disclaimer: This article is not investment advice. Investing in stocks carries risks, including total loss.
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