Professional
Added to YB: 2024-03-27
Pitch date: 2024-03-27
IOS.F [bullish]
IONOS Group SE
+23.74%
current return
Author Info
ToffCap are full-time fund managers finding undervalued opportunities and a reason why the price should (start to) move in the right direction. Sign up for their newsletter.
Company Info
IONOS Group SE, through its subsidiaries, engages in the provision of web presence and productivity, and cloud solutions in Germany, the United States, the United Kingdom, Spain, France, Poland, and Austria.
Market Cap
EUR 3.8B
Pitch Price
EUR 20.85
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.46
P/E
23.24
EV/Sales
3.12
Sector
IT Services
Category
value
IONOS Group SE: Positioned for Strong Growth and Market Advantage
IOS.F: Euro web host leader at 8.5x EV/EBITDA. HSD% price hikes & LSD% volume to drive 10-15% rev growth. Margins to 32-34% for €550-600M EBITDA, €300M+ FCF by 2026 (15-20% CAGR). Discount to US peers ($GDDY $WIX $SQSP) overdone given strong growth & mkt position.
Read full article (1 min)