23. February 2021 | 09:25 CET
wallstreet:online, TeamViewer, HelloFresh - Internet Boom 3.0, the list of winners!
When the dotcom boom took its course at the turn of the millennium, many immature and unpromising business models came onto the market. Over time, the winners established themselves and delivered their proof of concept. Working models and mobile applications revolutionized the application layer - the Internet became ubiquitous, useful and offered many complementary applications for daily life. A selection of companies are now riding the third wave on the Internet - the so-called pandemic wave. These business models show their strengths primarily in the areas of life currently in the spotlight: Remote Banking, Distant Working and Food Delivery. We take a look at the cards of three successful protagonists.
time to read: 4 minutes by 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.
wallstreet:online - The platform for the stock market investor
wallstreet:online AG is taking the next step. By signing Matthias Hach as CEO, w:o delivers a clear commitment to Smartbroker, the new online broker of the wallstreet:online Group. Looking at the original business of wallstreet:online AG, the Company is evolving from a former stock exchange service provider to a portfolio holder and brokerage provider. Since the beginning of February, wallstreet:online Capital now manages assets worth more than EUR 5 billion. Many a bank gets moist eyes over this result, which wallstreet:online can already present after 2 years, but demands at least 10 years of hard marketing from a normally positioned bank.
In mid-2020, it was still around EUR 1 billion in customer money. After taking over the customers of Volkswagenbank and the strong growth at the fondsDISCOUNT brand, it has now managed to jump over the EUR 5 billion hurdle. Due to the engagement of a new board of directors with years of sales experience, the conclusion is that there are still other targets in mind for increasing the portfolio. In addition to a unique platform, the prerequisite is, of course, a functioning app, which is to be launched on the market in 2021. Those who want to win over NEO Broker customers, in particular, can only do so with the highest technological competence. It will be interesting to see how creative the new Smartbroker trading app will really be.
The long-term goal is quickly formulated: In addition to information-hungry customers, the Company now also wants to attract customers with an affinity for trading. In other words, a one-stop-shop for trading information and settlement. Ingenious, in our opinion! After prices just below EUR 30, the wallstreet:online share is currently consolidating a little in the direction of EUR 25. We recommend a long-term increase in holdings - or expansion - because this story is just getting started with a market capitalization of EUR 390 million!
TeamViewer - Remote software specialist growing strongly
In the slipstream of the American communication platform service provider ZOOM, German TeamViewer AG is also growing significantly. The Company is one of the Corona Crisis winners as the Goeppingen-based Company is benefiting from the high demand for remote maintenance and home office software. Since mid-February of last year, the share price has risen by almost 50%, with the increase making the stock one of the biggest winners in the MDAX. First-time subscribers to the IPO can look forward to a share price increase of almost 80%.
In addition to the investor Permira and current investors, Group CEO Oliver Steil and CFO Stefan Gaiser are also among the IPO winners. Because of the Company's success in the capital market, they received compensation of EUR 41 million and EUR 21 million, respectively, for 2019 - much of it directly from financial investor Permira, which has now sold off its stake in TeamViewer. Just under a year and a half after the IPO, Permira has now sold its remaining 13.2 million shares or just under 7% of the specialist's shares for remote maintenance software. The shares were placed for EUR 44.50 per share; the proceeds for Permira amount to just under EUR 600 million.
For TeamViewer shares, the financial investor's exit was like a liberating blow; shortly thereafter, the value rose to around EUR 49. The placement of a EUR 300 million promissory note loan, including a sustainability component, also did little to hurt the share price. The trend analysis remains long here - it should go even higher!
HelloFresh - Subscription contract against hunger
Another business model hitting the ground running with the ongoing lockdown: The configured delivery of groceries! HelloFresh is a Berlin-based company in existence since 2011, offering so-called "cooking boxes" for consumers: Packages with prepared ingredients and a recipe card, available by subscription.
This offering is just what the at-home community wants. If you can't go out for a meal, you can subscribe to the tastiest and trendiest dishes from culinary artists. Another business model that is growing into entirely new dimensions due to the unavailability of restaurants - admittedly, HelloFresh can't do much about it - but at least they were in the right place at the right time.
Dominik Richter built up the Company with the Samwer brothers' help and listed it on the stock exchange at EUR 12. The stock didn't pick up speed until 2020, where it went from EUR 18 to EUR 78 after Corona broke out. In numbers, the sales expectation for 2021 is EUR 4.5-5.0 billion, with earnings expected to be around EUR 290 million, or EUR 1.65 per share. With a market capitalization of EUR 12.8 billion, a good 2.7 sales are paid here, and with growth of 30% per annum, a P/E ratio of 40 is also justifiable. On the Nasdaq, HelloFresh would, therefore, certainly be a buy.
Once the lockdown is lifted and ultimately the restaurants reopen, even HelloFresh winners will realize that the trees here are no longer growing into the sky. Moreover, since the Company will deliver its 2020 numbers on March 2, taking profits before then can secure the nearly 300% return since March.