Beaconsmind AG
ISIN: CH0451123589
WKN: A2QN5W
21 November 2024 06:36PM

Original-Research: Beaconsmind AG (von First Berlin Equity Research GmbH): BUY

Beaconsmind AG · ISIN: CH0451123589 · EQS - Analysts
Country: Germany · Primary market: Germany · EQS NID: 21413

Original-Research: Beaconsmind AG - from First Berlin Equity Research GmbH

21.11.2024 / 18:35 CET/CEST
Dissemination of a Research, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.


Classification of First Berlin Equity Research GmbH to Beaconsmind AG

Company Name: Beaconsmind AG
ISIN: CH0451123589
 
Reason for the research: Update
Recommendation: BUY
from: 21.11.2024
Target price: €18.50
Target price on sight of: 12 months
Last rating change: -
Analyst: Christian Orquera

First Berlin Equity Research has published a research update on beaconsmind AG (ISIN: CH0451123589). Analyst Christian Orquera reiterated his BUY rating and increased the price target from EUR 14.50 to EUR 18.50.

Abstract:
On 19 November 2024, beaconsmind announced the acquisition of information and communication technology (ICT) services provider Swissnet AG and Dubai-based traveltech specialist Lokalee for a total amount of CHF 21.3m, which will be financed through shares, a vendor loan and cash. The deals are expected to close by January 2025. Beaconsmind has recently completed the integration of five acquired companies whose full consolidation in 2024 has strengthened its operational and financial foundation in preparation for the next growth step. This transaction aligns with Beaconsmind's strategic evolution, leveraging synergies across customer bases, technologies, and markets to build an international leading digital infrastructure and SaaS provider. The company gains Lokalee's AI capabilities which it can leverage across the group and direct access to the high-growth MENA region. Beaconsmind will adopt Swissnet Group as its new company name to capitalise on the Swiss company's strong brand and achieve significant growth in revenue, EBITDA and free cash flow driven by an expanded management team. Management is guiding to group revenue of CHF27.5m and EBITDA of CHF6.7m (margin: 24.6%) in 2025. The new Swissnet Group will be well-positioned to offer a broad range of attractive ICT, traveltech and customer engagement solutions to several industries, including hospitality and retail. We have adjusted our financial forecasts for 2025 and subsequent years. Our DCF model yields a price target of €18.50 (previously €14.50). We maintain our Buy recommendation.

First Berlin Equity Research hat ein Research Update zu beaconsmind AG (ISIN: CH0451123589) veröffentlicht. Analyst Christian Orquera bestätigt seine BUY-Empfehlung und erhöht das Kursziel von EUR 14,50 auf EUR 18,50.

Zusammenfassung:
Am 19. November 2024 gab beaconsmind die Übernahme des Informations- und Kommunikationstechnologie (ICT)-Dienstleisters Swissnet AG und des in Dubai ansässigen Traveltech-Spezialisten Lokalee für einen Gesamtbetrag von CHF21,3 Mio. bekannt, der durch Aktien, ein Verkäuferdarlehen und Barmittel finanziert wird. Der Abschluss der Transaktion wird bis Januar 2025 erwartet. Beaconsmind hat kürzlich die Integration von fünf akquirierten Unternehmen abgeschlossen, deren Vollkonsolidierung im Jahr 2024 das operative und finanzielle Fundament des Unternehmens in Vorbereitung auf den nächsten Wachstumsschritt gestärkt hat. Diese Transaktion steht im Einklang mit der strategischen Entwicklung von Beaconsmind, die Synergien über Kundenstämme, Technologien und Märkte hinweg nutzt, um einen international führenden digitalen Infrastruktur- und SaaS-Anbieter aufzubauen. Das Unternehmen erhält die KI-Fähigkeiten von Lokalee, die es gruppenweit nutzen kann, sowie einen direkten Zugang zur wachstumsstarken MENA-Region. Beaconsmind wird den neuen Firmennamen Swissnet Group annehmen, um von seiner starken Marke zu profitieren und um ein signifikantes Wachstum bei Umsatz, EBITDA und freiem Cashflow zu erzielen, das von einem erweiterten Managementteam getragen wird. Das Management erwartet für 2025 einen Gruppenumsatz von CHF27,5 Mio. und ein EBITDA von CHF6,7 Mio. (Marge: 24,6%). Die neue Swissnet Gruppe wird gut positioniert sein, um eine breite Palette attraktiver ICT-, Traveltech- und Customer-Engagement-Lösungen für verschiedene Branchen, darunter das Gastgewerbe und den Einzelhandel, anzubieten. Wir haben unsere Finanzprognosen für 2025 und die Folgejahre angepasst. Unser DCF-Modell führt zu einem Kursziel von €18,50 (vorher €14,50). Wir halten an unserer Kaufempfehlung fest.

Bezüglich der Pflichtangaben gem. §85 Abs. 1 S. 1 WpHG und des Haftungsausschlusses siehe die vollständige Analyse.

 

You can download the research here: http://www.more-ir.de/d/31413.pdf

Contact for questions:
First Berlin Equity Research GmbH
Herr Gaurav Tiwari
Tel.: +49 (0)30 809 39 686
web: www.firstberlin.com
E-Mail: g.tiwari@firstberlin.com


The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


2036015  21.11.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=2036015&application_name=news&site_id=boersengefluester_html

Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 0,42 0,49 0,76 1,98 1,57 6,61 13,40
EBITDA1,2 -0,26 -0,46 -1,99 -2,24 -4,70 -0,56 2,60
EBITDA-Margin3 -61,91 -93,88 -261,84 -113,13 -299,36 -8,47 19,40
EBIT1,4 -0,41 -0,53 -2,04 -2,46 -5,28 -1,40 1,77
EBIT-Margin5 -97,62 -108,16 -268,42 -124,24 -336,31 -21,18 13,21
Net Profit (Loss)1 -0,44 -0,54 -2,05 -2,50 -5,43 -2,32 0,68
Net-Margin6 -104,76 -110,20 -269,74 -126,26 -345,86 -35,10 5,08
Cashflow1,7 -0,31 -0,41 -2,12 -2,60 -4,85 -1,47 0,00
Earnings per share8 -0,16 -0,20 -0,76 -1,01 -1,16 -0,60 0,15
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: PricewaterhouseCoopers

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Beaconsmind
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A2QN5W CH0451123589 AG 37,46 Mio € 07.04.2022 8FVC6PR7+7X
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
23,28 45,00 0,52 -17,13 4,34 -25,34 5,66
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
08.08.2024 30.09.2024 28.06.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+3,05%
6,75 €
ATH 13,00 €
+1,19% +34,38% +25,00% +41,21% -43,75%

Advertising is an important revenue channel for us. But we understand, that sometimes it becomes annoying. If you want to reduce the number of shown ADs just simply login to your useraccount and manage the settings from there. As registered user you get even more benefits.
          Qualitätsjournalismus · Made in Germany © 2024          
The news manufactory

Good luck with all your investments

Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.

Contact

Idea & concept: 3R Technologies   
boersengefluester.de GmbH Copyright © 2024 by Gereon Kruse #BGFL