October 11th, 2021 | 13:11 CEST
Aspermont, flatexDEGIRO, TeamViewer - Buy recommendations from analysts
Table of contents:
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.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.
Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on news.financial. These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.