Beiersdorf (BEI.DE) stock forecast 2027–2029
What is the Beiersdorf (BEI.DE) stock forecast?
Our forecast for Beiersdorf
€73.79by November 2027
€83.48by November 2029
From €84.30 at the November 9, 2026 close, that is an 11 % loss by 2027 and a 2 % gain by 2029, dividends included.
It blends three cases for November 2027, € per share:
- Bear54.4132 % chance
- Base77.0750 % chance
- Bull99.1518 % chance
Our own forecast, built from Beiersdorf's filings. It is not an average of analysts' price targets, so it can differ from them.
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Executive summary + 8 chapters · 21,234 words · 172 sources
Beiersdorf (BEI.DE) key numbers
P/E, price to profit, is how many years of expected profit the price equals. Dividend yield is a year of dividends as a share of the price.
- 21.3xP/E on the profit our report expects over the next 12 months
- 1.2 %dividend yield
Prices and ratios: our report, at the November 9, 2026 close.
Where could Beiersdorf's shares be by 2029?
Our weighted price is €73.79 in November 2027, a return of -11%, and €83.48 in November 2029, a return of 2%; returns include dividends. The bear, base and bull probabilities are 32%, 50% and 18%.
The first test is the Q4 2026 result on March 1, 2027: NIVEA must turn shopper demand into retailer orders. Through 2027–2029, Derma repeat purchases, La Prairie sell-through, tesa demand, cash conversion and buyback capacity decide the outcome. Beiersdorf has strong brands and cash, but NIVEA’s recovery must become profitable, repeatable demand.
What has to go right for Beiersdorf?
The base case assumes gradual NIVEA recovery, continued Derma growth and margin stabilization. The analyst next-12-month EPS estimate is €3.95686, implying roughly €854 million of earnings at the current share count. But Q3 organic sales fell 1.3%, NIVEA fell 4.9% and Derma grew 10.6%. Net income improved from €638 million in 2021 to €939 million in 2025, although 2025 revenue was nearly flat and organic growth was 2.4%. Management expects sales growth to return in 2027 and margins to stabilize. The bear case assumes the reset fails; the bull case assumes NIVEA regains volume, Derma scales and La Prairie sustains its recovery.
Bull case, 18 % chance: if it goes right
€141.59 by November 2029, +72 % with dividends.
Bear case, 32 % chance: if it goes wrong
€43.75 by November 2029, −45 % with dividends.
How much cash does Beiersdorf really make?
Net income attributable to shareholders was €939 million in 2025, while the stricter free-cash-flow measure was €234 million. Profit records a sale when it is made; cash arrives only when the customer pays, after suppliers and investment have been paid.
What does an investor pay for Beiersdorf today?
Our report makes no buy or sell call.
Free cash flow yield was modest, while the dividend yield was also modest. In 2025, working capital absorbed €290 million as receivables and other assets rose while trade payables and provisions fell. Beiersdorf’s 2025 definition also includes securities transactions, so the yield cannot automatically be matched to its reported €913 million of free cash flow.
- P/E, last 12 months19.6x
- Free cash flow yieldthe cash left in a year after paying for buildings and equipment, as a share of the company's value1.3%
- Real free cash flow yield1.3%
Questions about Beiersdorf (BEI.DE) stock
Where will Beiersdorf stock be in 5 years?
Our report's forecast goes to November 2029. By then it puts the shares between €43.75 in the bear case and €141.59 in the bull case, and at €83.48 with the three cases weighted by their chances. It makes no forecast past November 2029.
Does Beiersdorf pay a dividend?
Yes. At the November 9, 2026 close, a year of dividends came to 1.2 % of the share price (our report). Beiersdorf dividend →
Who are Beiersdorf's competitors?
Our report compares Beiersdorf with Unilever, ELC, Kenvue and LVMH.
Why is this forecast different from analysts' price targets?
Analysts' price targets average the share prices that brokerage analysts expect. Our report builds its own three cases from Beiersdorf's filings, gives each a chance and counts dividends.
More on Beiersdorf (BEI.DE)
More Beiersdorf pages
Beiersdorf's own filings
This page gives the forecast. The report gives the reasons.
The full report: an executive summary and 8 chapters, 21,234 words, 54 tables. Its first page opens here, no account needed.
How it is made: AI reads Beiersdorf's filings, writes the report, checks the numbers against them and cites each source, 172 in this one. How we work · Corrections
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Information only, not investment advice. The forecast gives three cases with their chances; it promises no price. Prices are those of the date shown.