Rating Agencies
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Valuable background information and well-founded assessments of individual stocks are provided by the studies of the research houses. On this page, Boersengefluester.de (BGFL) provides an integrated overview of all analyst recommendations that come in via the EQS Group newsfeed - enriched with current stock charts as well as meaningful key figure tables and investor information from BGFL. Tip: You are also welcome to use the EQS newsfeed, which we have also enhanced with all the latest company news from our coverage universe.
23.01.2024 09:01AM
Study issued by NuWays AG
Westwing Group AG (von NuWays AG): BUY
BUY
Storytelling-based value and growth play for 2024
With its storytelling-based retail approach and inspiration-driven revenue
generation, Westwing is a unique play on the growing online penetration in
the home and living segment. The latter still stands at 25% for fashion or >35% for electronics. Its focus on
curated home furnishings along wi [ … ]
19.01.2024 09:02AM
Study issued by NuWays AG
Netfonds AG (von NuWays AG): BUY
BUY
Strategic acquisition to improve profitability; chg
Yesterday, Netfonds announced to have acquired a majority stake in “Meine
Finanzkanzlei GmbH” (“MFK”) through its fully owned subsidiary NVS Netfonds
Versicherungsservice AG. In detail:
We assume that Netfonds has acquired a stake of 65-85% (eNuW) at a low to
mid, sin [ … ]
18.01.2024 09:01AM
Study issued by NuWays AG
MAX Automation SE (von NuWays AG): BUY
BUY
MAX lays the foundation for outperformance in 2024
Topic: MAX Automation has another promising year in front of it. We expect
the company to grow its topline by 7% in 2024e while sustaining last year’s
profitability (eNuW).
Topline growth ahead: With several structural trends kicking in, MAX should
be able to grow its revenue in the cur [ … ]
17.01.2024 09:12AM
Study issued by NuWays AG
THE NAGA GROUP AG (von NuWays AG): HOLD
HOLD
Strong FY23 prelims and merger with Capex.com; chg
Last week, NAGA reported preliminary FY23 figures that came stronger than
expected. Further, the company has announced (at the end of 2023) a planned
business combination with Capex.com. In detail:
- Sales came in at € 45.5m (-21% yoy), significantly above our estimates of
€ 38.1m. [ … ]
17.01.2024 09:11AM
Study issued by NuWays AG
INDUS Holding AG (von NuWays AG): BUY
BUY
Another promising year for INDUS
Topic: While INDUS should experience some margin pressure in 2024e, the
EBIT margin is still seen to come in at 8.0%, which is the highest
operating margin since 2017. With an appealing dividend yield of 5.5%
(eNuW) and an attractive valuation of only 4.6x EV/EBITDA, the stock
remains a buy.
Normalizing margin [ … ]
16.01.2024 09:01AM
Study issued by NuWays AG
DEMIRE AG (von NuWays AG): HOLD
HOLD
LogPark finally sold + letting success to start crucial 2024
After the disposal of the LogPark in Leipzig to CommerzReal initially fell
through in July 2023, DEMIRE has now found a new buyer, namely HIH Invest
Real Estate. We estimate the purchase price, which was not disclosed, to be
in the range of € 100-105m, hence being some 15% below [ … ]
15.01.2024 09:11AM
Study issued by NuWays AG
bet-at-home.com AG (von NuWays AG): HOLD
HOLD
Outlook for 2024: A promising bet
After two transition years that were characterized by risks associated with
the liquidation of the Entertainment Ldt. as well as customer claims in
Austria and Germany on the one hand and restructuring and stabilizing the
remaining business on the other hand, we see good chances that we have seen
the trough in [ … ]
12.01.2024 09:02AM
Study issued by NuWays AG
USU Software AG (von NuWays AG): BUY
BUY
Strong order intake to start transitionary 2024e
This week, USU announced to have won two public sector framework contracts
to start the year on a positive note: (1) Germany’s Federal Employment
Agency (BA) commissioned USU for its TEBIT (Technical Inventory Management
System IT) project. The TEBIT system of the BA is based on the USU
Val [ … ]
09.01.2024 09:02AM
Study issued by NuWays AG
Borussia Dortmund GmbH & Co KGaA (von NuWays AG): BUY
BUY
Watzke to step down in 2025 / crucial months ahead
Yesterday, BVB published an ad-hoc stating that CEO Hans-Joachim Watzke
will not extend his contract
and will step down from management in the fall of 2025, when his contract
expires.
Watzke was appointed as CEO in February 2005 when the club was in a
financially precarious situation. After t [ … ]
09.01.2024 09:01AM
Study issued by NuWays AG
Rubean AG (von NuWays AG): BUY
BUY
FY23 sales in line with estimates // POS rollout has started; chg
Topic: Yesterday, Rubean announced to have reached more than € 1.0m in
sales (prelims) and quadrupled number of app users to c. 25k vs 6k at the
end of 2022 (eNuW).
With > € 1.0m, Rubean increased sales by >20% yoy, which is slightly better
than expected (eNuW o [ … ]
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We have summarised companies with a market capitalisation of more than EUR 1 billion that are not included in any index under X-Caps.
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