November 24th, 2021 | 14:07 CET
Bitcoin Group, CoinAnalyst, SAP, TeamViewer - The next rockets are launching now!
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Born in Munich, he first studied economics and graduated in business administration at the Ludwig-Maximilians-University in 1995. As he was involved with the stock market at a very early stage, he now has more than 30 years of experience in the capital markets.
Bitcoin Group - The correction follows the correction
Bitcoin Group continues to benefit from the high interest in cryptocurrencies. However, as a platform operator, it is also feeling the volatility of the market. As recently as the beginning of November, the share price stood at over EUR 53, then corrected again to around EUR 46. However, the latest figures make for conciliatory reading. For the first half of 2021, an increase in sales from EUR 6.2 million to EUR 17.7 million is reported, while the EBITDA of the Herford-based Company has even advanced from EUR 4.2 million to EUR 14.4 million. The operating margin before interest, taxes, depreciation and amortization is thus an astonishing 81%. That is probably unique among bank-like trading institutions. Even Coinbase from the USA only manages a margin of about 40%. Overall, this resulted in an increase in earnings per share from EUR 0.70 to EUR 2.03 at the half-year point, which sequentially suggests a 2021 P/E ratio of around 10.
The dynamic increase is accompanied by a substantial increase in trading revenues on the cryptocurrency platform Bitcoin.de and, as a result, a significant expansion of commission revenues. For the full year 2021, Herford continues to expect moderate to strong growth in revenues and an operating profit on an EBITDA basis in the low to mid double-digit million range. Crypto stocks amount to a lush EUR 234 million as of October 24, 2021, roughly equal to the stock's current market capitalization.
The experts at GBC are bullish. Due to the high scalability of the business model, the analyst team expects further margin improvement and anticipates EBITDA of EUR 18.31 million for 2021 and EUR 20.05 million in 2022. The price target calculated by the DCF model is EUR 120, and consequently, the recommendation is "Buy". In our opinion, the value is extremely interesting to be indirectly involved in the crypto market. But it also fluctuates strongly when cryptos correct.
CoinAnalyst - Using artificial intelligence in the crypto market
In cryptocurrencies, knowledge about trends, positioning and herd movements is essential to keep track in the jungle of over 7600 different coins. In addition to the classic data analysis companies such as Palantir, Qualtrics or Exasol, there are specialized companies in the alternative currencies that also use artificial intelligence to decipher the market.
In Canada, CoinAnalyst launched in early November, offering a highly technical platform for active coin traders. With just under 78 million shares and a price of CAD 0.24, the market capitalization is still manageable. Nevertheless, an average of 700,000 shares are currently changing hands, and investor interest seems high.
The ambitious newcomer now announces cooperation with iVest+, a next-generation trading platform. CoinAnalyst brings its Big Data and AI indicators to further improve the already industry-leading trading platform. Together they want to win a decent portion of crypto traders as future customers. One serves both the beginners and the established traders with cutting-edge services such as dashboards with signal boxes. To create compatibilities in each direction, CoinAnalyst has a flexible programmable API interface. The envisioned partnership will allow iVest+ to become a CoinAnalyst reseller for the collected data.
Forecasts for the global crypto markets are trending strongly upward. According to Coinmarketcap.com, the global market capitalization of all cryptos is currently around USD 2.8 trillion, which means it has more than quadrupled since a year ago. The heavyweights here are bitcoin and Ethereum. Experts expect major banks and securities service providers to enter the digital currency market in the next one to three years to cover another asset class. CoinAnalyst is also addressing the new market for NFTs (non-fungible tokens), which is making a name for itself as a groundbreaking digital protection technology for intellectual property, especially in the field of art and music.
All in all, CoinAnalyst's digital approaches promise a lot of growth in the coming years. With a dynamic programming team, the right investments, and a pulse on the market, there is much to make here. Anyone who believes in the crypto world and digital platforms should definitely be part of the COYX share.
SAP - TeamViewer is no longer expensive
TeamViewer shares plunged deep into the basement. With massive turnover, it went down another 20% at the beginning of the week. The current annual low of the expert for remote maintenance and joint working is EUR 11.65. The Anglo-Saxon wonders, "What goes down must come up?"
TeamViewer now has 3 profit warnings behind it. The high for the year was just under EUR 50, so the value has lost over 75%. The share is currently unable to free itself from the downward spiral. The Company's presentation at its own Capital Markets Day also fizzled out without effect, as did yesterday's announcement on the use of free cash flow. Meanwhile, one gets the impression that the stock market doubts the existence of such funds.
Time for us to make a few fundamental observations. If you believe the analysts, sales will increase to about EUR 920 million from 2021 to 2025, and EUR 500 million is the target for 2021. Profit growth will be somewhat slower due to high marketing expenses. On an EBITDA basis, it should still be possible to achieve margins of between 40-45%. The environment could not be better for the Goeppingen-based Company at the moment, as home offices are now established, and many people are working fully digitized and remotely in the Corona pandemic, as also stated in a detailed report on the share.
After all, TeamViewer can boast one major asset. In the area of Operational Workflow Optimization, they have valuable augmented reality technologies and are penetrating the market for IoT. There are already cooperations with large software houses, so there should be plenty of room for growth with corresponding solutions for years to come. Market observers believe it is possible that providers such as SAP already have their eye on TeamViewer. If not now, when? In any case, the share is not too expensive given the prospects for the coming years if the analysts are correct with their estimates. Hope remains!
The volatility in the markets is increasing sharply, especially in the crypto sector this is accompanied by large turnovers and price jumps. There are clear beneficiaries here, such as Bitcoin Group or the Big Data specialist CoinAnalyst. The cards are not bad for TeamViewer, but the current headwind is more than icy!
Conflict of interest
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