13. July 2021 | 11:21 CET
TeamViewer, wallstreet:online, Deutsche Post - The digital winners list!
When the dot-com boom took off at the turn of the millennium, many immature and unpromising business models came onto the market. Every idea needed a stock market listing - then the techno-crash followed and many of the companies had already disappeared again. The Covid pandemic triggered a surge in digitization - some new achievements now determine the working world of every individual and change society as a whole. The successful business models show their strengths primarily in the areas of life that are now in the foreground: Distant Working, Fintech and Delivery Systems. We take a look at the cards of three protagonists.
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ISIN: TEAMVIEWER AG INH O.N. | DE000A2YN900 , WALLSTREET:ONLINE INH ON | DE000A2GS609 , DEUTSCHE POST AG NA O.N. | DE0005552004
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.
TeamViewer - When you cannot reach your own forecast
TeamViewer AG is a leading global software provider of remote connectivity solutions. Through TeamViewer's platform, a wide range of electronic devices can be networked via the Internet of Things to enable remote control, management and interaction between people and devices, people and people, or devices and devices. A useful technical combination for modern types of collaboration.
TeamViewer's modular architecture is cloud-based and has been enabled on more than two billion devices. In the slipstream of the American communications platform service provider, ZOOM, the German TeamViewer AG is also growing significantly. The Company is one of the winners of the Corona Crisis, as the Goeppingen-based Company is benefiting from high demand for remote maintenance and home office software.
Currently, the Company is taking a bit of a hit on the stock market. A lot of money has been spent on expensive sponsorship contracts for the Premier League and Formula 1, among others, in 2021. That drives up costs and depresses profits. In the second quarter, invoiced revenues, or billings as TeamViewer calls them, increased by 15% year-on-year to EUR 121.6 million. That was well below the Company's expectations of at least 20% growth, and the operating result (EBITDA) was EUR 56.6 million - also a much higher estimate. In terms of subscribers, TeamViewer increased by around 17%, bringing the total number of users to approximately 623,000.
Due to the strong business momentum at the end of the quarter, TeamViewer confirms its outlook for fiscal year 2021 but states that this will probably be at the lower end of the expected ranges for billings and revenues. The stock market does not like to hear this from growth stocks and sent the share down 14% to EUR 27.8. From a chart perspective, the EUR 25 level must now be held; otherwise, there is a threat of trouble. A slight recovery to EUR 29 is currently underway. For those who are not invested, collect the first pieces.
wallstreet:online - Information meets Brokerage
wallstreet:online AG is growing and growing. By signing Matthias Hach as CEO, w:o delivers a clear commitment to Smartbroker, the fast-growing online broker of the wallstreet:online Group. Looking at the original business of w:o AG, the Company is evolving from a former stock exchange service provider to a broker and investment intermediary. Currently, an app is still missing to give the many neo-brokers a stronger foothold. However, this is now being developed and should attract new attention to the w:o share when it is published.
According to tests, Smartbroker clearly outperforms conventional brokers in terms of fees and simplicity. That is especially supportive of the many new investors venturing into stock trading due to the big social media wave. As part of the wallstreet:online Group, Trade Republic is located in Berlin, a hub for the techno and startup scene, which could attract the necessary junior staff in the next few years rather than the Bavarian or Schleswig-Holstein provinces. Trade Republic also has the advantage of Berlin. Still, those familiar with trading will not find much to their liking on this platform, as the trading options here are minimal and designed for a few contract partners. That may bring good margins for Trade Republic, but there are better solutions for customers.
The almost fully integrated subsidiary w:o Capital now manages assets of more than EUR 5 billion since the beginning of February. It happened very quickly and was, of course, primarily due to the acquisition of Volkswagen Bank's custody accounts. After solid gains since the beginning of the year, the share is currently fluctuating between EUR 24 and EUR 28. Those looking for a growth pearl are strategically buying and using weakness to build up positions.
Deutsche Post - Outperforming the DAX with DHL
A clear winner in the DAX since March 2020 is Deutsche Post. Who could be more digital than the institutionalized delivery of the many online purchases since the quasi-closure of public life. But now the question arises: is the order rate still high even after the reopening of the shops in the popular boulevards of the big cities? The answer is YES - because our well-funded consumer class in the 16 to 59 age group is now used to online consumption. Online shopping is the pure culture of commercial digitalization.
This trend leads to record figures for Deutsche Post, as it increased operating profit (EBIT) to almost EUR 2.1 billion - a new record and double the EUR 912 million in the same quarter last year. The parameters are set for a storm: global trade is recovering, and the e-commerce boom continues apace. "All divisions worldwide continue to work at full speed and are achieving double-digit EBIT growth rates," comments DPDHL CEO Frank Appel on the publication of the preliminary business figures.
Based on this positive development, the Group is significantly raising its profit forecast for the current year. It now expects a Group EBIT of EUR 7.0 billion instead of the previous EUR 6.7 billion. There is also a small pandemic bonus for the Group's tireless employees: EUR 200 million will be made available in a one-time payment, which will amount to an average of around EUR 300 per employee. In our opinion, the positive trend at Deutsche Post will continue and further boost the stock. When COVID case numbers start to rise again at the latest in the fall, things will continue briskly. Deutsche Post remains one of the DAX top picks!
All the shares mentioned here are clear "pandemic winners" - however horrible this term may seem. But in different future scenarios, there are always well and poorly-positioned companies. In our opinion, all three stocks are suitable for a long-term strategy in the field of digitization. One should buy especially at weaker prices, which should be seen after months of upswing.