October 11th, 2021 | 13:11 CEST
Aspermont, flatexDEGIRO, TeamViewer - Buy recommendations from analysts
Growth and expectations play a crucial role in share price development. But often, it is the discrepancy between expectations and forecasts on the one hand and the facts on the other that move prices. If expectations are missed, and this happens more often or to a serious extent, it can lead to prolonged share price weakness. On the other hand, overly high expectations of the investment community or a failure to recognize growth prospects can lead to good investment opportunities. Analysts recommend buying the following stocks.
time to read: 3 minutes
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Author:
Carsten Mainitz
ISIN:
ASPERMONT LTD | AU000000ASP3 , FLATEX AG NA O.N. | DE000FTG1111 , TEAMVIEWER AG INH O.N. | DE000A2YN900
Table of contents:
Author
Carsten Mainitz
The native Rhineland-Palatinate has been a passionate market participant for more than 25 years. After studying business administration in Mannheim, he worked as a journalist, in equity sales and many years in equity research.
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Aspermont - FinTech business as a driver
With the entry into the fintech business, the shares of the Australian Company Aspermont have become significantly more attractive. The Company has established itself as a media group and as the publisher of the two longest-serving regular publications for the mining sector, the "Mining Journal" (founded in 1835) and the "Mining Magazine" (founded in 1909). Six years ago, the Australians launched a comprehensive transformation process to become a digital company.
A major asset is an extensive database containing more than 7.5 million addresses of decision-makers. By building a XaaS (Anything-as-a-Service) business, the Company established a highly scalable business model. Last year, Aspermont hit the bull's eye with the launch of its new Virtual Event & Exhibition (VEE) division. From the start, the Australians were able to win more than 100 new business customers, including major international corporations such as Dassault, Hexagon, S&P, Olympus, SAP and Honeywell. The strategic logic behind this is to win these customers for virtual events and retain them in the long term through bundling and cross-selling.
Now, Aspermont is pushing to build up its fintech business, investing most of the last quarter's profit (gross profit: AUD 2.8 million, gross margin: 65%). Together with partners Spark Plus Pte. Ltd, a management consultancy and specialist in roadshows for Asian companies, and International Pacific Capital, a Sydney-based securities dealer established in 1987, a platform was launched to raise capital for savvy investors and companies seeking capital. With 44%, Aspermont holds the majority of the joint venture and contributes customer contacts, including a database, as an essential asset. It is only a matter of time before the market prices in the new earnings potential. The analysts at GBC are convinced of the stock's prospects and rate the share as a triple with a price target of AUD 0.09.
flatexDEGIRO - CEO continues to buy
The Company is Europe's leading and fastest-growing retail online broker and has more than 1.75 million customers, generating over EUR 300 billion in trading volume over the past 12 months. However, the stock has lost significant value in the last 3 months, plummeting by over 30%. The Company could not meet the ambitious targets set by market participants, especially in terms of customer growth.
However, the 6-month figures turned out well and documented the high profitability of the group with the best half-year in the Company's history. Sales increased by 127%, and the EBITDA margin could again be expanded at a high level to 47.6%. Even a share split did not help the share to get back on its feet. CEO Niehage is unshakably convinced that the share is too cheap and has bought heavily in recent weeks. Analysts also see significant upside potential for the shares.
TeamViewer - Shambles
The provider of software for remote maintenance and video conferencing shocked the stock market with a profit warning. The shares slumped to an all-time low of EUR 16, down more than 60% for the year. However, the Company is still valued at an impressive EUR 3.2 billion. TeamViewer, which has long been traded as a Corona profiteer, conceded its forecast. The reaction from the stock market and analysts is so severe because the revision could, on the one hand, change the investment story significantly in a negative way, and, on the other hand, a lot of confidence has been lost. Oddo BHF and JP Morgan lowered their price targets to EUR 21.
The software provider lowered its full-year forecast significantly after an unexpectedly weak third quarter. Booked sales are now expected to be only EUR 495 to 505 million this year, instead of around EUR 525 million as previously forecast. According to the Company, the operating margin (adjusted EBITDA) will now be 44% to 46% instead of 49% to 51%. We are eagerly awaiting the Capital Markets Day in November. It could be the first step to regain lost confidence.
The share of flatexDEGIRO is attractive due to the current correction mode. TeamViewer must deliver and convince with more concrete and resilient growth plans. With Aspermont, investors have the chance to participate in the new platform business in the fintech sector. The share price does not reflect this potential so far.
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