Close menu




November 9th, 2022 | 13:31 CET

BioNTech, Porsche and Pathfinder Ventures - Looking good

  • Camping
  • RV
  • Biotechnology
Photo credits: pixabay.com

BioNTech's figures were convincing, and the chart looks good again. Porsche is doing well. Not all analysts see further price potential and the price targets diverge. However, a promotion to the DAX beckons. Pathfinder Ventures is also benefiting from surprisingly high demand. The winter camping resort offers are practically sold out. But first to BioNTech. After competitor Moderna had disappointed last week, the quarterly figures of the Mainz-based biotech Company were convincing. And due to the full pipeline, investors can expect a lively news flow in the coming year. Analysts are bullish.

time to read: 3 minutes | Author: Fabian Lorenz
ISIN: BIONTECH SE SPON. ADRS 1 | US09075V1026 , PORSCHE AG | DE000PAG9113 , PATHFINDER VENTURES INC | CA70323P1071

Table of contents:


    Joe Bleackley, CEO, Pathfinder Ventures Inc.
    "[...] In addition to campsite fees, Pathfinder Ventures has put itself in a position to offer all of these sought-after camping solutions. The only thing they don't sell is the RV itself. [...]" Joe Bleackley, CEO, Pathfinder Ventures Inc.

    Full interview

     

    BioNTech: More than EUR 15 billion in the cash box

    Berenberg continues to recommend BioNTech's stock as a "buy" after the publication of the quarterly figures. The price target remains unchanged at USD 312. Thus, the analysts see almost 100% price potential. They were pleased with the continued high revenues from the sale of the COVID-19 vaccine. These are resilient, they said. Now the focus is on the coming year and the development pipeline. With that, some positive momentum can be expected. Review: BioNTech had sales of about EUR 3.5 billion in the third quarter. Net income was a tidy EUR 1.8 billion, which is more than analysts had expected on average.

    In addition, the Mainz-based biotech Company specified its forecast for the full year 2022 at the upper end. Thus, annual sales are expected to be EUR 16 to 17 billion (previously EUR 13 to 17 billion). At the end of the third quarter, BioNTech already had a bulging treasury. The Company had EUR 13.4 billion in cash and cash equivalents at its disposal. In addition, a large part of the EUR 7.3 billion in trade receivables outstanding at the reporting date had already been received. As a result, the Company is fully financed for the coming years. To put this in perspective: In the current year, the costs for research, sales/administration and capital expenditures will total a maximum of EUR 2.6 billion. That means the Company can continue to go full throttle, particularly in cancer research. The pipeline currently comprises 19 product candidates in 24 ongoing clinical trials. For the coming year, BioNTech expects new data from up to 10 clinical trials.

    Pathfinder Ventures: Cash register rings even in winter

    Pathfinder Ventures is still a long way from billions in sales. Nevertheless, the Canadians have an exciting growth story. The Company is currently building a network of upscale, family-friendly campgrounds and RV parks in western Canada. In this way, it benefits from the trend toward self-directed vacations in the great outdoors. Pathfinder is only at the beginning of its growth and investment phase. Still, the operating result is already profitable at this early stage - especially important in an environment of rising interest rates. There is plenty of growth potential for the coming years. The camping market in Canada alone is worth CAD 2.3 billion - and expansion into the US should not be a major problem.

    Contrary to what may be assumed, the Company also generates revenue in the winter months, with the winter vacation program running since mid-October. Guests stay at Pathfinder Camp Resorts until mid-April. And the offer is in high demand. The booking rate is currently 47%, the Company said. 96% of the locations in the winter vacation program are already fully booked to date. Therefore, capacities are to be increased in the coming winter. "We are extremely pleased with these numbers as we strive for continued growth in all of our resorts for what has been called the 'off-season,'" said Joe Bleackley, Pathfinder's CEO. Pathfinder is thus demonstrating that it is not only growing through acquisitions but also continuing to develop its existing locations.

    Porsche: Price targets diverge significantly

    It has now been 30 days since Porsche's IPO. That means the standstill period for the accompanying banks has ended, and their analysts can now have their say. As a result, there were six new research studies on the sports car pioneer yesterday. Four analysts recommend buying, and two recommend holding. JPMorgan is the most optimistic. The analysts name a target price of EUR 140. The earnings momentum is easy to plan for, even in otherwise uncertain times. And thanks to its pricing power, the challenges surrounding inflation, electrification and autonomous driving are easy to master. As a result, Porsche is a highly attractive opportunity to be part of the luxury car segment. Morgan Stanley is more pessimistic. Porsche is a mixture of carmaker and luxury group, they said. But the impending recession would also put Porsche's business model to the test. Therefore, the analysts give the stock an "Equal Weight" with a price target of EUR 82.50. The sports car manufacturer's share is currently trading at around EUR 100. New price momentum could come with the possible promotion to the DAX.


    BioNTech is still on track: the cash box is bulging to drive the development pipeline forward. While the COVID-19 vaccine is yielding less profit, the business is far from dead. Pathfinder Ventures is an interesting exotic. Management shows that they are not only growing through acquisitions but also by developing existing sites. At Porsche, there is a current lack of impetus for further share price increases.


    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 hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

    The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.


    Der Autor

    Fabian Lorenz

    For more than twenty years, the Cologne native has been intensively involved with the stock market, both professionally and privately. He is particularly passionate about national and international small and micro caps.

    About the author



    Related comments:

    Commented by André Will-Laudien on July 25th, 2024 | 08:20 CEST

    BioNTech, CureVac, Bayer, Cardiol Therapeutics, and Evotec: Tripled and still in turbo mode?

    • Biotechnology
    • Biotech
    • Pharma

    On the stock market, separating the wheat from the chaff is essential, especially in the biotech sector. This task becomes challenging when ongoing studies conclude, and their results must be interpreted. The market does not always react correctly to announcements, as evidenced by this year's acquisition of MorphoSys. While the stock market rejected the supposedly poor results, Novartis built up the first favourable positions, ultimately acquiring the Munich-based company for EUR 2.7 billion. From a low of around EUR 12, the acquisition price was a high EUR 68, making it a 500% deal. But opportunities are always lurking. Here is a selection of promising candidates.

    Read

    Commented by Fabian Lorenz on July 24th, 2024 | 06:30 CEST

    BioNTech, Bayer, Vidac Pharma: Buy recommendations and potential worth billions

    • Biotechnology
    • Pharma
    • Biotech

    Can BioNTech shares stop the downward trend? A "Buy" recommendation gives hope. According to this recommendation, the shares of the German biotech flagship have the potential to double in value. Analysts believe a multiplication is possible for Vidac Pharma. The biotech company is pursuing a revolutionary approach in the fight against cancer, and the first drug has a revenue potential of over EUR 1 billion. Even though research is still ongoing, Vidac is not expensive with a market capitalization of less than EUR 10 million, and is a takeover candidate if the study data remain positive. Analysts do not currently see any impetus for an increase in Bayer's share price. However, shareholders should be ready for news from the pharmaceutical pipeline in the coming weeks. These are important for the DAX-listed company.

    Read

    Commented by Fabian Lorenz on July 23rd, 2024 | 06:50 CEST

    70% with Evotec shares? Caution with BASF? Almonty Industries tempts investors to get in!

    • Mining
    • Tungsten
    • hightech
    • chemicals
    • Biotechnology

    Will BASF miss market expectations in the second half of the year? Analysts believe so. The chemical giant's revenues are already expected to fall in the second quarter. So, should one sell the shares now? The Evotec share was bought yesterday. Analysts believe that the profit warning from Sartorius should not be overestimated and see over 70% upside potential. However, patience is required. The Almonty Industries share also appears too favourable. The commissioning of a huge tungsten mine is imminent, and not only companies such as Taiwan Semiconductor and Rheinmetall need the critical metal for their high-tech products. So, when will the share break out?

    Read