November 4th, 2021 | 15:21 CET
TeamViewer, HelloFresh, Aspermont: Year-end rally
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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.
Aspermont raises data treasure: Segment data in Q4 +160%
Aspermont Limited has a data treasure trove of 7.5 million registered decision-makers from the mining, energy and agriculture sectors. The Australian technology company intends to leverage this with an "Anything-as-a-Service" model. It is a subscription model that can be customized and topped up. In return, customers then have access to premium services such as data, statistics and research results. They can also participate in numerous virtual and/or face-to-face events. The model seems to be catching on: the data segment was the growth engine in the past quarter, increasing 162%. That resulted in the gross margin for the group increasing from 58% to 65%. Overall, the Company increased revenue by 24% to AUD 4.3 million last quarter. Aspermont also intends to grow significantly in the coming years. New business areas are also expected to contribute to this. Aspermont has just entered the fast-growing fintech market. To this end, it has entered into a cooperation with Spark Plus, a management consultancy and specialist in roadshows for Asian companies, and the Australian securities dealer International Pacific. The joint venture - in which Aspermont holds a 44% stake - plans to build a financial platform that will bring together companies seeking capital and investors.
The analysts of the German research house GBC are convinced of the future prospects. They recommend the Aspermont share with a price goal of AUD 0,09 to the purchase (more-ir.de/d/22781.pdf). In the field of business-to-business marketing, the Company is one of the leading players worldwide, GBC said. In fiscal 2020, Aspermont completed its turnaround with positive EBITDA, it added. Currently, Aspermont shares are trading at AUD 0.021, well below the GBC price target - making it a candidate for a year-end rally.
HelloFresh surprises with a forecast increase
HelloFresh has already kicked off the year-end rally with strong quarterly figures and a forecast increase. The number of active customers increased by almost 39% in the third quarter. Sales climbed by around 46% to EUR 1.42 billion. Analysts had expected only EUR 1.32 billion. However, this growth came at the expense of earnings. Thus, adjusted EBITDA fell by 30.4% to EUR 79.8 million. As a result of this development, the cooking box provider has raised its forecast for the full year. It now expects sales to increase by 57% - 62% (previously 45% - 55%). The adjusted EBITDA margin is expected to remain unchanged at between 8.25% and 10.25%. Credit Suisse raised its price target for HelloFresh shares slightly from EUR 93 to EUR 95 and confirmed its "Outperform" rating. The Company is one of the few profitable players in the online grocery trade, analysts said.
TeamViewer: Year-end or short recovery rally?
Whether TeamViewer is a year-end or short recovery rally remains to be seen. At the very least, investors reacted with relief to the publication of the final figures for the third quarter, and the shares of the tech worry child were able to make substantial gains. TeamViewer confirmed its preliminary Q3 results from early October. Billings rose 18% to EUR 125.8 million. Adjusted EBITDA decreased to EUR 42.3 million (Q3 2020: EUR 58.2 million). The reason for this was significant investments in brand building and the already communicated lower than expected billings for Q3 2021, resulting in an Adjusted EBITDA margin of 34% (Q3 2020: 55%). TeamViewer confirmed the outlook reduced in October. Billings are expected to be in a range between EUR 535 million and EUR 555 million in 2021.
The adjusted EBITDA margin is expected to be between 44% and 46%. Analysts have not yet issued a new buy recommendation but rate the stock predominantly "neutral". For this, the Company will probably first have to regain lost confidence.
Technology stocks, in particular, are currently performing well. HelloFresh has given the starting signal for the year-end rally by raising its forecast. Aspermont is doing well operationally, and the share seems ripe for a rise. TeamViewer is expected to remain volatile.
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