June 2026
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Largest Online Brokers Public Companies in Germany
Benchmark revenue and EBITDA valuation multiples for public comps like
flatexDEGIRO, Sino, Heygold, Stock3 and Tick Trading Software.
 | Flatexdegiro SE is an independent online broker. The firm operates a proprietary securities trading platform under the brands flatex and DEGIRO and services more than 1 million European retail customers in European countries. The company also offers brokerage services and administration to corporate and institutional clients. The segments of the company are Financial Services and Technologies. | $37 | +34% | $4B | ($684M) | (1.3x) | (3.0x) | ||
| Sino AG provides online brokerage services. It provides trading services for stocks, futures, options and other derivatives. The company offers services such as online account opening, stock market information and rules, information package, newsletter subscriptions, and others. | $117 | +9% | $273M | $273M | 22.2x | 156.8x | ||
| Heygold SE is engaged in digital trading of gold and other precious metals. It offers solution through offline in the retail store or online via the web or in the super app. | -- | -- | $41M | $41M | - | - | ||
| Stock3 AG is a technology company specializing in stock exchanges and trading. The group operates a web platform and associated mobile applications, offering the following solutions: technical infrastructure and editorial content related to capital markets; targeted outreach to an audience with active trading and investment behavior, to its advertising partners; a terminal solution for financial market data and analysis to market participants, and the opportunity to conduct securities transactions with various brokers via the parent company's web platform and mobile applications. Geographically, the group is currently active in the DACH region, with a focus on Germany. | $33 | +4% | $37M | $34M | 2.2x | 33.7x | ||
| Tick Trading Software AG develops and distributes software packages for professional trading. The company's products are the TBMX Trading Platform, tick-TS Cloud, e-Trading Compliance Monitor, and others. tick Trading Software AG is active in the field of programming IT software; The focus here is on the programming of EDP software in the financial services segment (stock market software, trading software, etc.). In addition, it offers its customers "Software as a Service" housing and hosting of complex server systems for stock exchange trading in combination with its software solutions. | $9 | +16% | $18M | $14M | 1.4x | 3.9x | ||
| Median | $35 | +13% | $41M | $34M | 1.8x | 18.8x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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