Original-Research: ad pepper media International N.V. (von First Berlin Equity Research GmbH): Buy
|
Original-Research: ad pepper media International N.V. - from First Berlin Equity Research GmbH
Classification of First Berlin Equity Research GmbH to ad pepper media International N.V.
First Berlin Equity Research hat ein Research Update zu ad pepper media International N.V. (ISIN: NL0000238145) veröffentlicht. Analyst Dr. Karsten von Blumenthal bestätigt seine BUY-Empfehlung und bestätigt sein Kursziel von EUR 2,90. Zusammenfassung: ad pepper media (APM) hat endgültige Zahlen für Q3/24 vorgelegt, die mit den vorläufigen Zahlen übereinstimmen. Der Umsatz war in etwa stabil (€5,2 Mio.), und das EBITDA verbesserte sich J/J deutlich von €101 Tsd. auf €485 Tsd. Das EBIT drehte von €-111 Tsd. auf €275 Tsd., und sogar der Nettogewinn war positiv (€178 Tsd.). Für Q4 erwartet APM einen stabilen Umsatz J/J (Q4/23: €5,9 Mio.) und ein verbessertes EBITDA. Wir rechnen mit einem Q4-Umsatz von €6,0 Mio. und einem EBITDA von €739 Tsd. gegenüber einem Q4/23-EBITDA von €369 Tsd. Vor dem Hintergrund sich verbessernder makroökonomischer Fundamentaldaten in APMs Hauptmärkten erwarten wir für 2025E ein Umsatzwachstum von 5% und einen weiteren Anstieg der EBITDA-Marge auf 9,9%. Ein aktualisiertes DCF-Modell führt zu einem unveränderten Kursziel von €2,90. Wir bestätigen unsere Kaufempfehlung. First Berlin Equity Research has published a research update on ad pepper media International N.V. (ISIN: NL0000238145). Analyst Dr. Karsten von Blumenthal reiterated his BUY rating and maintained his EUR 2.90 price target. Abstract: ad pepper media (APM) reported final Q3/24 figures which matched preliminary numbers. Revenue was roughly stable (€5.2m) and EBITDA improved significantly y/y from €101k to €485k. EBIT turned around from €-111k to €275k and even net income was positive (€178k). For Q4, APM is guiding towards stable revenue y/y (Q4/23: €5.9m) and an improved EBITDA figure. We model Q4 revenue of €6.0m and EBITDA of €739k versus Q4/23 EBITDA of €369k. For 2025E, we expect 5% revenue growth and a further EBITDA margin increase to 9.9% against the backdrop of improving macro-economic fundamentals in APM's main markets. An updated DCF model yields an unchanged €2.90 price target. We confirm our Buy rating. 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/31421.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. |
||||||||||||||||||||
2036737 22.11.2024 CET/CEST
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 | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | ||
| Sales1 | 21,79 | 25,62 | 27,65 | 24,87 | 21,75 | 21,45 | 22,50 | |
| EBITDA1,2 | 3,51 | 6,56 | 4,38 | 1,28 | 0,02 | 2,00 | 2,15 | |
| EBITDA-Margin3 | 16,11 | 25,61 | 15,84 | 5,15 | 0,09 | 9,32 | 9,56 | |
| EBIT1,4 | 2,52 | 5,45 | 3,19 | 0,19 | -0,99 | 1,10 | 1,35 | |
| EBIT-Margin5 | 11,57 | 21,27 | 11,54 | 0,76 | -4,55 | 5,13 | 6,00 | |
| Net Profit (Loss)1 | 1,92 | 4,34 | 2,56 | -0,25 | -0,70 | 3,59 | 4,22 | |
| Net-Margin6 | 8,81 | 16,94 | 9,26 | -1,01 | -3,22 | 16,74 | 18,76 | |
| Cashflow1,7 | 6,48 | 3,38 | 2,21 | 1,93 | 1,24 | 0,80 | 1,70 | |
| Earnings per share8 | 0,06 | 0,17 | 0,08 | -0,04 | -0,05 | 0,02 | 0,03 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | |
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: Ernst & Young
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 | ||||||
| ad pepper media | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 940883 | NL0000238145 | N.V. | 53,34 Mio € | 09.10.2000 | Kaufen | 8FXHC3HQ+78 |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 46,00 | 38,60 | 1,19 | 67,65 | 3,02 | 43,05 | 2,49 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 24.06.2025 | 23.05.2025 | 14.08.2025 | 18.11.2025 | 30.04.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| +4,28% | +20,41% | +21,05% | +5,50% | -72,94% |
