Key Market Indicator:
Welcome our new Research Provider
In the Research & Ratings section, you can access assessments from renowned analyst firms that specialize in the due diligence and valuation of companies that are generally listed on the stock exchange. Starting from the research reports, you can access further research tools and information with just a few mouse clicks, which offer you additional options for obtaining and assessing information.
Thu, 07.11.2024       https://research-hub.de/companies/CompuGroup Medical SE

CompuGroup Medical (CGM) reported a mixed set of Q3 figures, with total revenues declining by 0.8% year-over-year to EUR 283m, affected by reduced non-recurring revenues and delayed projects across key segments. Due to a reduction in high-margin one-time revenues and increased R&D investments, adjusted EBITDA decreased by 12% to EUR 55m, bringing the EBITDA margin down by 3PP to 19%. Despite these pressures, recurring revenues rose by 6% to EUR 213m, making up 75% of total revenue, signaling a strategic shift towards more stable revenue sources. Segment performance was mixed as well, due to several impacts, such strong prior-year one-offs. CGM’s FY24 guidance was confirmed, with expectations for organic revenue growth between -2% and 0% and adjusted EBITDA of EUR 220-250m, though Q4 targets may prove challenging to meet. For the time being, mwb research’s analysts reiterate their BUY rating with and unchanged PT of EUR 27.50. The full update can be downloaded under https://www.research-hub.de/companies/CompuGroup%20Medical%20SE
Thu, 07.11.2024       Cenit AG

Company Name: Cenit AG ISIN: DE0005407100   Reason for the research: Research Comment Recommendation: Buy Target price: EUR 22.00 Target price on sight of: 31.12.2025 Last rating change: Analyst: Cosmin Filker, Marcel Goldmann You can download the research here: http://www.more-ir.de/d/31203.pdf Contact for questions: ++++++++ [ … ]
Thu, 07.11.2024       https://research-hub.de/companies/Rheinmetall AG

Rheinmetall’s Q3 results demonstrate its strength in converting a substantial order backlog into strong growth. Sales rose 40% yoy, with EBIT up 57%, supported by high demand in core defense markets. Both sales and EBIT met consensus expectations, though EPS fell short of consensus by 16%. The company’s record order backlog of EUR 52bn, up 41% yoy, provides robust revenue visibility and supports confidence in achieving FY24 targets. Rheinmetall’s book-to-bill ratio of over 2 further signals sustainable growth, and high Q3 inventory levels position the company well for a strong Q4. Management reaffirmed its FY24 guidance, targeting EUR 10bn in sales and a 15% operating margin. Expected increases in NATO defense spending among EU nations provide additional long-term support for Rheinmetall’s growth. mwb research’s analysts reiterate their BUY rating with a price target of EUR 650.00. The full update can be downloaded under https://www.research-hub.de/companies/Rheinmetall%20AG
Thu, 07.11.2024       https://research-hub.de/companies/RATIONAL AG

Rational has reported strong results for Q3 24 with accelerated revenue growth of 8% yoy to EUR 294.2m. For the first nine months, revenues increased by 5% to EUR 875.5m. The Americas continued to be the main growth driver, while Europe and Asia showed moderate growth. EBIT for the nine-month period increased by 12% to EUR 226.6m, with the EBIT margin increasing to 25.9%. The company confirmed its FY24 guidance, expecting mid-single-digit sales growth and an EBIT margin of around 26%. Despite the strong performance, mwb research’s analysts downgraded the stock to SELL from HOLD, as they believe that the positives are already priced in after a nearly 50% rise in the share price over the past year. mwb research’s PT has been raised slightly from EUR 755.00 to EUR 770.00 which now implies a downside risk of around 13% to their fair value calculation. The full update can be downloaded under https://www.research-hub.de/companies/research/RATIONAL%20AG
Thu, 07.11.2024       ZEAL Network SE

Company Name: ZEAL Network SE ISIN: DE000ZEAL241   Reason for the research: Update Recommendation: Buy from: 07.11.2024 Target price: EUR 57.00 Target price on sight of: 12 months Last rating change: Analyst: Henry Wendisch Q3: improved KPIs and share buyback announced; chg. est Yesterday, ZEAL released final Q3 results, in lin [ … ]
Thu, 07.11.2024       https://research-hub.de/companies/SUSS MicroTec SE

Suss MicroTec reported strong Q3 sales and margins, with sales reaching EUR 102.5m, up 46% year-over-year and surpassing expectations, driven by robust growth in both divisions. Despite a slight sequential decline, gross margins remained better than anticipated, leading to an EBIT margin above the full-year guidance of 14-16%. However, Q3 order intake was weaker, with a book-to-bill ratio of 0.8, as demand from China normalized and High Bandwidth Memory (HBM) manufacturers shifted focus to production ramp-up rather than new orders. With major HBM manufacturers expected to increase capital expenditure in 2025, mwb research’s analysts anticipate order activity to improve over the next quarters, supporting mwb’s growth expectations for FY25. Given the strong performance and undervaluation relative to peers, the analysts reaffirm their BUY rating and a price target of EUR 77.00. The full update can be downloaded under https://www.research-hub.de/companies/SUESS%20MicroTec%20SE
Thu, 07.11.2024       R. STAHL AG

Company Name: R. STAHL AG ISIN: DE000A1PHBB5   Reason for the research: Update Recommendation: Buy Target price: EUR 25.00 Target price on sight of: 12 months Last rating change: Analyst: Christian Sandherr Mixed Q3 with sales in line and adj. EBITDA below estimates Topic: R. Stahl released its Q3 results yesterday with sales in [ … ]
Thu, 07.11.2024       Rubean AG

Company Name: Rubean AG ISIN: DE0005120802   Reason for the research: Update Recommendation: Buy from: 07.11.2024 Target price: EUR 8.50 Target price on sight of: 12 months Last rating change: Analyst: Frederik Jarchow Q3 figures in line with estimates // Roll-out in full swing Topic: Rubean published an interim statement with  [ … ]
Thu, 07.11.2024       bet-at-home.com AG

Company Name: bet-at-home.com AG ISIN: DE000A0DNAY5   Reason for the research: Update Recommendation: Buy from: 07.11.2024 Target price: EUR 5.50 Target price on sight of: 12 months Last rating change: Analyst: Frederik Jarchow Strong Q3 figures and guidance hike; chg Topic: Yesterday bet-at-home reported a strong set of Q3 fig [ … ]
Thu, 07.11.2024       123fahrschule SE

Company Name: 123fahrschule SE ISIN: DE000A2P4HL9   Reason for the research: Update Recommendation: Buy from: 07.11.2024 Target price: EUR 7.20 Target price on sight of: 12 months Last rating change: Analyst: Philipp Sennewald Improved profitability and strong CFO in Q3 123f published a strong set of preliminary Q3 results, sho [ … ]

Gamechanger in online marketing · Innovation as a service · Upgrade your own internet presence.

Legend/Explanation
The newswire feed is updated several times a day. To make sure you don't miss any news, please check back here often. If you are curious about a headline or want to find out more about a publication, click on it to go to the preview and click again to go to the full news item.
About the newsfeed
#1
Where does the information come from?

The information is provided as part of a content partnership by one of Europe's leading news data providers, the Munich-based EQS Group.

#2
Will editorial changes be made?
The portal site is part of the EQS-Newswire distribution network. The information is provided 'as is'. No editorial adjustments are made. The detailed views are enriched with additional information in order to offer interested investors further research options.
#3
From which news source does the information originate?
As a rule, it is the companies themselves that provide information, either through their own public relations work or via partner agencies. Due to the wide reach of the EQS distribution network and the associated multiplier effects, this service is often used to reach interested parties quickly and in a targeted manner. The EQS Group counts almost all listed companies among its customers.
#4
Are the messages provided in real time?

The data feeds are updated at regular intervals. You can obtain the latest information directly from EQS if required. Simply follow the link below.

#5
Are there plans to expand the scope of the news?

If investor-relevant topics are involved, it is possible to connect additional data providers. In Q1/2024, mwb Research was added to the information offering in the rating area.

Member of 3R/RSQ Network
Digital Content
Network Alliance
Transparency - Reliability - Credibility
Information regarding Product Information
Saturday, 09.11.2024, Calendar Week 45, 314th day of the year, 52 days remaining until EoY.