Added to YB: 2025-02-10
Pitch date: 2025-02-08
FTK.DE [neutral]
flatexDEGIRO AG
+90.55%
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 17.73
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
23.46
EV/Sales
N/A
Sector
Capital Markets
Category
growth
FlatexDEGIRO AG - $FTK.DE
FTK.DE trimmed position: German broker benefited from 2021 market bubble, then crashed 70%. Thesis: customer growth + transaction recovery + interest income = profit surge. Now at €17.80, PE 18x 2024E. Customer growth solid (3M by 2024), but transactions/customer stagnant. Upside possible with crypto offering, but risks increased as thesis shifts from value to growth.
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