February 18th, 2022 | 11:15 CET
Palantir Technologies, Kleos Space, TeamViewer - The next data hype is coming!
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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.
Palantir Technologies - Growth leaves much to be desired
Palantir Technologies was one of the weakest technology stocks on the NASDAQ at the end of 2021. With an interim high of EUR 25.20, the share fell back to EUR 10.50 at the beginning of 2022 - a crash of almost 60%. Unfortunately, the high expectations of market participants at the start of the stock market could not be fulfilled. Now there are the annual figures for 2021.
Palantir achieved sales of just under USD 392 million, representing a growth of 34% compared to 2020. However, the US software provider's growth slowed sequentially to 36% in the third quarter and 49% in the second quarter of 2021. Unfortunately, the bottom line is a significant loss. Operating income did not come out of the red at minus USD 58.9 million, and the margin likewise remained negative at -14%. However, the first positive net result is within reach.
After all, Palantir achieved a positive cash flow of USD 93.4 million in the last quarter. The share fell accordingly due to the disappointed expectations, but analytically it was already expensive since the listing (P/S of 22). The current price level now seems much more attractive - so watch out for a turnaround in NASDAQ techno stocks after the current sell-off.
Kleos Space SA - EBITDA positive until mid-2022
Andy Bowyer, CEO of Kleos Space SA (KSS), provided good news on yesterday's IIF. The high-tech Company, based in Luxembourg, puts satellites into orbit to remotely capture and process primarily maritime and land-based radio and motion activity for customers. Here, things become visible that are often deliberately hidden due to criminal intelligence - all application areas with high explosiveness and qualitative demands in security and validity.
In January, KSS confirmed that it had secured several contract extensions with NATO countries. Another 7 new contracts with a volume of USD 4 million are under negotiation; EBITDA is therefore expected to land in positive territory as early as mid-2022. The next launch to increase the amount of data scanned is scheduled for April. It is the 3rd cluster of 4 satellites, offering much higher performance. Then, by mid-2022, another 4 satellites of the 4th cluster should be sent into orbit and come online. Kleos Space is consistently rolling out its DaaS model and intends to consistently implement all new requirements of its customers. These are excellent prospects for the data specialist!
Andy Bowyer, CEO of Kleos Space: "We continue to build a world-class team with a global footprint to execute our strategy!" With this strategic ambition, the market is eager to see the upcoming Patrol Mission (KSF2) in April and the Observer Mission (KSF3) launch in mid-2022. The Company aims to reach operational break-even in 2022. With a share price of EUR 0.41, KSS has a manageable market capitalization of EUR 106.6 million. From a chart perspective, the EUR 0.40 area offers good opportunities for the next rise.
TeamViewer - First recovery attempts, but too little drive
TeamViewer was one of the big disappointments of 2021. The share lost a complete 70%, and there were repeated takeover rumors, which have not been confirmed to date. However, the figures at the beginning of February sounded better, with the stock gaining 25% in just 3 weeks. Where do we go from here?
If one follows the words of TeamViewer CEO Oliver Steil, the growth course should now accelerate significantly after the challenging year 2021. A number of acquisitions could also contribute to this. Sales are expected to grow at a double-digit rate in the medium term, and the margin is expected to continue to improve strongly. So far, so good. The 2021 figures turned out slightly better than expected overall, and a published share buyback program also provided a boost. "We have learned from the experience of the previous year," says CEO Oliver Steil.
In 2022, he now wants to step on the gas again and has not only profitable organic growth in mind. The business model is undoubtedly one of the global megatrends. The rapid spread of networked devices, the digital transformation, and location-independent forms of work are the developments born out of the pandemic. They are likely to remain so for a long time. For TeamViewer, the chance remains that there will be further growth in demand for the solutions it offers in the coming years.
For 2022, management expects billings of EUR 630 to 650 (previous year: 548) million, with a high 10% growth rate in the medium term. EBITDA is expected to reach a pre-tax margin of 45 to 47% in 2022. The recently announced buybacks have at least stabilized the share. Chart-wise, it must now no longer fall below the EUR 13.5 to 14.2 zone, then the way would be clear for a solid recovery. Set a stop buy at around EUR 15.7 with a medium-term target of EUR 18-22. Before that, it is safer just to watch!
The companies considered here have one major thing in common - they operate with data and communication solutions and thus accompany a megatrend! The shares of Palantir and TeamViewer should slowly find a technical bottom. Kleos Space is not too expensive and is a highly interesting niche player.
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