Multitude AG (FRA:MULT) Change In Receivables: €-273.5 Mil (TTM As of Mar. 2026)

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FRA:MULT Multitude AG FRA:MULT
74 GF Score
Price €5.14
GF Value €5.12
Valuation Fairly Valued
! 6 Warning Signs
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What is Multitude AG Change In Receivables?

Multitude AG FRA:MULT -2.65% 74 Change In Receivables is €-273.5 Mil as of Mar. 2026. GuruFocus rates FRA:MULT with a GF Score™ of 74/100 and a GF Value™ of €5.12 (Fairly Valued). The stock has 6 warning signs investors should review.

Multitude AG's change in receivables for the quarter that ended in Mar. 2026 was €-48.0 Mil. It means Multitude AG's Accounts Receivable increased by €48.0 Mil from Dec. 2025 to Mar. 2026 .

Multitude AG's change in receivables for the fiscal year that ended in Dec. 2025 was €-262.1 Mil. It means Multitude AG's Accounts Receivable increased by €262.1 Mil from Dec. 2024 to Dec. 2025 .

Multitude AG's Accounts Receivable for the quarter that ended in Mar. 2026 was €0.0 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Multitude AG's Days Sales Outstanding for the three months ended in Mar. 2026 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Multitude AG's liquidation value for the three months ended in Mar. 2026 was €-772.3 Mil.


Multitude AG  (FRA:MULT) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Multitude AG's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/57.522*91
=0.00

2. In Ben Graham's calculation of liquidation value, Multitude AG's accounts receivable are only considered to be worth 75% of book value:

Multitude AG's liquidation value for the quarter that ended in Mar. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=569.309-1341.565+0.75 * 0+0.5 * 0
=-772.3

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Multitude AG Change In Receivables Related Terms


Multitude AG Change In Receivables Historical Data

* Premium members only.

The historical data trend for Multitude AG's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Multitude AG Change In Receivables Chart

Multitude AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -152.90 -144.08 -176.41 -169.81 -262.09

Multitude AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -36.55 -81.77 -51.41 -92.36 -47.99
FRA:MULT
74GF Score
Multitude AG FRA:MULT
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Multitude AG Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-273.5 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of €-273.5 Mil mean?
Multitude AG (FRA:MULT) has a Change In Receivables of €-273.5 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Multitude AG and its competitors.
Is Multitude AG's Change In Receivables too high?
Multitude AG's current Change In Receivables is €-273.5 Mil. Overall, Multitude AG has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Multitude AG's Change In Receivables compare to PNC and USB?
Multitude AG's Change In Receivables of €-273.5 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Banks company?
A good Change In Receivables depends on the Banks industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Multitude AG and its competitors. Multitude AG's current Change In Receivables is €-273.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Multitude AG stock overvalued right now?
Based on GuruFocus' analysis, Multitude AG (FRA:MULT) is currently considered Fairly Valued. The stock's GF Value™ is €5.12, compared to a current price of €5.14 — trading 0.4% above its estimated fair value. The current Change In Receivables is €-273.5 Mil. Multitude AG's overall GF Score™ is 74/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Multitude AG (FRA:MULT), the current Change In Receivables is €-273.5 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Multitude AG (FRA:MULT) Overvalued in 2026?

Based on GuruFocus' analysis, Multitude AG stock appears to be overvalued. The current stock price of €5.14 is trading 0.4% above its estimated GF Value™ of €5.12. GuruFocus considers Multitude AG to be Fairly Valued.

Key valuation signals for FRA:MULT:

  • Change In Receivables: €-273.5 Mil
  • GF Value™: €5.12 vs. price of €5.14 (0.4% above fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the FRA:MULT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Multitude AG Business Description

Address Grafenauweg 8, Zug, CHE, 6300
Multitude AG is a fintech company providing digital financial and banking services to both individuals and businesses. Its reportable and operating segments are: Consumer Banking, SME Banking, and Wholesale Banking. Maximum revenue is derived from the Consumer Banking segment, which is operated under the Ferratum brand and offers digital consumer loans, credit lines, and credit card products. The SME Banking segment, which is operated under the CapitalBox brand, offers working capital and secured and non-secured lending solutions for small businesses, as well as other services such as invoice purchasing, and the Wholesale Banking, operated under the Multitude Bank brand, delivers lending and payment services to institutional clients, FinTechs, and payment service providers across Europe.
74GF Score

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Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€5.14
Price
€5.12
GF Value