Eleving Group S.A.
ISIN: LU2818110020
WKN: A40Q8F
20 November 2024 03:00PM

EQS-News: Warburg Research GmbH initiated coverage of Eleving Group

Eleving Group S.A. · ISIN: LU2818110020 · EQS - Company News
Country: Luxembourg · Primary market: Luxembourg · EQS NID: 2034909

EQS-News: Eleving Group S.A. / Key word(s): Miscellaneous
Warburg Research GmbH initiated coverage of Eleving Group

20.11.2024 / 15:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Eleving Group announces that Warburg Research GmbH has released an initiation report on the company on November 19, 2024. The report analyzes Eleving Group’s business operations, growth trends and future potential, financial performance, and valuation. The report evaluates Eleving Group's current position using the latest publicly available information and projections.

As per Warburg Research GmbH’s estimates, Eleving Group is positioned for strong growth, driven by innovative data-driven underwriting and scoring systems and a scalable operational backbone. Over 1.3 million customers have received financing exceeding EUR 1.8 billion since the start of the business. The company has managed to significantly grow its net loan portfolio from EUR 141 million in 2018 to EUR 320 million in 2023. The future net loan portfolio growth projection is set at an 18.3% CAGR between 2023 and 2026, while revenue growth is expected to be at a CAGR of +15.7% in the respective period.

The report assigns a fair valuation of Eleving Group’s shares at EUR 2.46 per share using a residual income model. The valuation reflects the company’s robust RoE of roughly 35%, strong growth potential, and high dividend payout expectations.

About Eleving Group

Eleving Group has driven innovation in financial technology around the world since its foundation in Latvia in 2012. As of today, the group operates in 16 markets and 3 continents, encouraging financial inclusion and upward social mobility in underserved communities around the globe. Eleving Group has developed a multi-brand portfolio for its vehicle and consumer finance business lines, with around 2/3 of the portfolio comprising secured vehicle loans and mobility products, with Mogo as the leading brand, and around 1/3 of the portfolio including unsecured consumer finance products. Currently, 55% of the group's portfolio is located in Europe, 32% in Africa, and 13% in the rest of the world.

The Group's historical customer base exceeds 1.3 million customers worldwide, while the total volume of loans issued is nearing EUR 1.9 billion. With headquarters in Latvia, Lithuania, and Estonia and a governance structure in Luxembourg, the Group ensures efficient and transparent business management, powered at the operational level by over 2850 employees. For two consecutive years, the Group was listed among Europe’s 1000 fastest-growing companies published by the Financial Times in 2020 and 2021, while in 2024, Eleving Group was ranked as the 41st fastest-growing European company in the last decade in 'Europe's Long-Term Growth Champions 2025' research by Financial Times and Statista.

More information

Edgars Rauza, Investor Relations Manager, edgars.rauza@eleving.com

Disclaimer

The report is prepared for informational purposes only and does not recommend buying or selling the company's shares. Investors are responsible for their investment decisions.
 


20.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Eleving Group S.A.
8-10 avenue de la Gare
1610 Luxembourg
Luxemburg
Internet: www.eleving.com
ISIN: LU2818110020, XS2393240887
WKN: A40Q8F , A3KXK8
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; SIX
EQS News ID: 2034909

 
End of News EQS News Service

2034909  20.11.2024 CET/CEST

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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 46,20 65,30 88,30 149,10 175,70 189,30 220,00
EBITDA1,2 17,60 24,50 34,80 51,60 65,60 77,50 94,00
EBITDA-Margin3 38,10 37,52 39,41 34,61 37,34 40,94 42,73
EBIT1,4 0,00 0,00 0,00 44,30 57,50 68,10 84,00
EBIT-Margin5 0,00 0,00 0,00 29,71 32,73 35,98 38,18
Net Profit (Loss)1 4,70 0,80 1,62 7,12 18,58 24,56 30,00
Net-Margin6 10,17 1,23 1,84 4,78 10,58 12,97 13,64
Cashflow1,7 0,00 0,00 18,35 -27,70 -0,55 17,15 0,00
Earnings per share8 0,04 0,01 0,01 0,06 0,16 0,21 0,24
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,13
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: BDO

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
Eleving Group
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A40Q8F LU2818110020 SA 193,23 Mio € 16.10.2024 9G86X4GJ+CH
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
6,11 6,88 0,89 15,00 3,29 11,27 1,02
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,13 7,88%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
08.08.2024 13.05.2025 12.08.2025 11.10.2024 30.04.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,00%
1,65 €
ATH 1,75 €
+0,00% +0,00% +0,00% +0,00% -5,71%

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