Added to YB: 2024-02-16
Pitch date: 2024-02-15
FTK.DE [bullish]
flatexDEGIRO AG
+244.46%
current return
Author Info
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Company Info
flatexDEGIRO AG provides online brokerage and IT solutions in the areas of finance and financial technology services in Europe.
Market Cap
EUR 3.4B
Pitch Price
EUR 9.81
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
23.46
EV/Sales
N/A
Sector
Capital Markets
Category
turnaround
Show full summary:
FlatexDEGIRO's Revival and Expansion in 2024
FTK.DE: Discount broker hit by compliance issues & low volumes, but 2024 outlook strong. Interest income jumped to €160M run rate. 22 trades/account/yr = €110M 2024 N.I. 8x EV/FCF at €1.05B cap w/ €130M excess capital. 14% user growth, cheap vs peers. Crypto, pensions, internalizer plans ahead.
Read full article (2 min)