Close menu

April 21st, 2022 | 13:28 CEST

Split & Dividend: Allianz, Aspermont, Amazon - These Triple-A stocks are a joy to watch!

  • Digitization
  • Marketing
  • Media
Photo credits:

In volatile stock market times, investors are again focusing on the time-honored virtues of investing in stocks: stable business models, profits, cash flows, and dividends receive special attention. If a company can also announce investor-friendly buyback programs or splits, then it is usually a liquid and growing Company that has its investors in mind and is also prepared to share. In 2021, the payout ratio of the companies included in the German selection indices was around 42%. That means that almost half of the profits generated end up with the investor. Historically, this figure has fluctuated between 37 and 51%. We look at companies that stand out with special actions.

time to read: 4 minutes | Author: André Will-Laudien
ISIN: ALLIANZ SE NA O.N. | DE0008404005 , AMAZON.COM INC. DL-_01 | US0231351067 , ASPERMONT LTD | AU000000ASP3

Table of contents:

    André Kolbinger, CEO, Smartbroker Holding AG
    "[...] The mere fact that we have to write off around EUR 5 million shows that mistakes were made. We have to admit this quite openly to ourselves. [...]" André Kolbinger, CEO, Smartbroker Holding AG

    Full interview


    Allianz - A lavish dividend beckons

    Allianz, the European market leader in the insurance business, is also one of the top 3 insurance companies internationally. The assets under management in the asset division are impressive, reaching over EUR 2.5 trillion by the end of 2021 despite various capital market turbulences. The operating surplus also climbed to a new record of EUR 13.4 billion, up from EUR 10.8 billion.

    Of course, the risks have grown, but the insurance giant's cushion for contingencies is also constantly increasing. The Solvency II ratio improved again by 1% to 209%. For open issues with the regulatory bodies in the USA, EUR 2.8 billion has already been taken into account in net income. This mainly concerns the AGI US Structured Alpha Fund.

    To the delight of shareholders, Allianz is allowing its shareholders to participate in its success in two ways. Firstly, the cash dividend increased by 12.5% to EUR 10.80, and secondly, a new share buyback program of EUR 1 billion was launched. The financial services provider will hold its AGM for 2021 on May 4, followed by its next quarterly results on May 12. We assume that the falling bond prices and the March storms will put some pressure on current earnings but that the 2022 outlook will still be conciliatory. Hamburg-based private bank Berenberg sees strong momentum in the core business and advantages in the strong US dollar. It votes "Buy" with a price target of EUR 269. The dividend yield of 5% alone is something to write home about. Allianz is a base stock for every portfolio.

    Aspermont Ltd - Rising customer numbers and margins in the service business

    Perth-based Aspermont Ltd is a media and fintech company in one. The Corona pandemic has allowed growth for the Australian provider of information services around the commodities industry. However, due to the elimination of live events, the whole thing was limited in intensity. The old core business is still print-oriented in the form of regular publications for the mining sector, but the new lines of business are highly digitized. In the design of a fintech, Aspermont provides data services at the highest level within a highly scalable XaaS model.

    The B2B approach guarantees exclusive access to management and decision-making levels of commodity companies, which can connect with the financial world through Aspermont's networking. In this way, roadshows, financings and capital placements also generate income from investment banking activities. For young, growing companies, these are important additions that can be secured through regular subscription and membership fees. More than 4 million people already use the services, and relevant content from industry leaders is very popular with recipients.

    After a 2-year pandemic, live formats such as "Future of Mining" (FOM) are making a comeback. In March, 300 companies again took advantage of this offer in Sydney, and now a similar event is planned for September in Denver, USA. As a result of the advance bookings, management is already assuming that it will be possible to exceed the forecast figures for 2022 and 2023. The digital model is fully rolled out, meaning each new activity significantly increases the operating profit margin.

    On April 19, there was a new addition to the executive team. Dean Felton was appointed as a non-executive director. He has more than 25 years of experience in the mining industry and has held various management and consulting positions with major companies Rio Tinto, BHP and Vale. Aspermont's share price is currently consolidating at around AUD 0.02, or the equivalent of EUR 0.013. Given the strong earnings momentum, there should indeed be some surprises in store for the current year.

    Amazon - Can a split move mountains?

    No sooner had the marketing strategists at e-commerce giant Amazon uttered the word "split" than the stock went up 10%. The share had previously slid slowly downwards after reaching a high of EUR 3,323 in November 2021. Here, the strong selling pull on the NASDAQ caused enormous pressure. The share then bottomed out at EUR 2,395 at the end of January.

    Operationally, the world market leader in online shopping is doing exceptionally well. Sales are growing at around 15% per year, while earnings per share are growing even faster at over 50% in 2022. In the next 5 years, experts estimate revenue growth from the current level of around USD 30.7 billion to USD 121.2 billion, which corresponds to an outright quadrupling. Earnings per share are expected to rise in parallel from around USD 48 to USD 188. In relation to the current share price, this is a P/E ratio reduction from 65 to 16 by 2026.

    Admittedly, investors already have to pay high prices for these prospects because Amazon is anything but cheap. Nevertheless, in addition to e-commerce, the Company also has a gigantic server and web services business under the AWS label. Here, Amazon operates one of the largest virtual data centers globally and has enormous cloud resources at its disposal. To ultimately make the stock attractive to smaller investors again, the Company announced a 1-for-20 split on March 9, which will now be implemented on May 27. Other companies, such as Tesla, even doubled again by the split date. It remains to be seen whether this will also be the case for the relatively expensive Amazon share. Currently, it is constantly rising by 1-2% per day; only yesterday, the sellers were probably stronger. Crisis or not, online shopping is always happening! Amazon offers a good medium-term opportunity during stronger corrections.

    Investors are looking for support and stability in a very fragile overall market. Allianz and Amazon are two accepted blue chips that combine earnings power and shareholder value. There have rarely been stock market periods where these stocks have performed poorly. Australia's Aspermont is solidly positioned, growing decently and can now again play to all its strengths in the B2B business.

    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 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

    André Will-Laudien

    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.

    About the author

    Related comments:

    Commented by André Will-Laudien on May 7th, 2024 | 08:45 CEST

    Artificial intelligence is on the rise - Nvidia, Super Micro Computer, Mountain Alliance, and Microsoft in focus

    • ecommerce
    • AI
    • chips
    • Digitization

    What James Cameron envisioned as a horror movie in the 1980s with his film "Terminator" has now become a reality: "Machines are taking over thinking". Experts expect the use of artificial intelligence (AI) in digitally configurable processes to result in double-digit productivity gains over the next few years. Not since the introduction of industrial robots have there been such leaps. The flip side of the coin is that jobs are now being destroyed around the globe, as simple intellectual tasks that can be performed by machines will gradually be cut back. Standard services or digital control processes, such as those in call or quality centers, will be particularly affected. From this perspective, the stock market has already mapped out a megatrend for an entire decade and sent selected AI stocks through the roof accordingly. What should investors focus on now?


    Commented by Fabian Lorenz on March 28th, 2024 | 08:55 CET

    Shares on a high: Up to 300% with Canopy Growth, Super Micro Computer, Aspermont

    • Technology
    • Digitization
    • Cannabis

    Is the German cannabis market on the verge of a tenfold increase? The head of Canopy Growth thinks so. The Company wants to profit from the boom. Canopy shares have already benefited and more than doubled. What are the Company's plans here in Germany? Super Micro Computer shares have already multiplied, but analysts remain bullish. Growth is expected to remain high. Aspermont offers a hot turnaround story. The B2B media company for the raw materials industry has freed itself from legacy burdens and now aims to grow more strongly again. Analysts see a high free cash flow and 300% share price potential!


    Commented by Armin Schulz on February 5th, 2024 | 07:15 CET

    Nvidia, Saturn Oil + Gas, PayPal - Money printing machines for the portfolio

    • Mining
    • Oil
    • chips
    • AI
    • Digitization

    In an economic landscape that is becoming increasingly volatile and unpredictable, the movement of interest rates plays a crucial role for companies and investors alike. In particular, the recent phenomenon of rising interest rates has drastically changed the rules of the game for those seeking capital. The incentive to invest capital in companies without a proven business model or secure cash flows is decreasing noticeably. Instead, companies that generate solid profits are increasingly becoming the focus of investors. Investors are now looking more at profitability than possible future prospects. We have picked out three companies that are making money and are expected to continue to do so in the future.