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Verve Group faces near-term skepticism following its FY25 Q2 report, which included a downward revision to full-year revenue guidance. But beneath the short-term noise lies a company undergoing a strategic inflection — one that positions it to capture outsized value in the post-cookie, privacy-first advertising economy.

Summary Founded on 1977, PVA Tepla is a German company that operates through Semiconductor Systems and Industrial Systems segments. They are material science experts.

Porsche (P911) is a profitability and cash flow leader among luxury car stocks (incl. mass luxury), right behind Ferrari (the latter being grossly overvalued from an intrinsic value point of view).

Here is a structured summary of the Nagarro investment narrative (Base Case) : Nagarro 5-Year Investment Narrative (Base Case) Company Overview: Nagarro SE is a German-headquartered digital engineering and IT consulting company specializing in cutting-edge technologies such as cloud transformation, artificial intelligence, and digital product development. It serves a global client base across various industries, including automotive, healthcare, finance, and manufacturing.

450% in 5 years On April 17, 2025, Armin Papperger, Rheinmetall's CEO, said he expects orders to grow 450% by 2030. Source: https://finance.yahoo.com/news/rheinmetall-ceo-expects-order-book-113644072.html Price 8,052 EUR The share price at the time of this information on 17/04/2025 was 1,464 EUR Price estimate for 2030: 1,464 + 450% = 8,052 EUR NATO spending in Europe 17/04/2025 The results of the NATO Summit held 24-26 June 2025 in The Hague, where it was agreed to increase defence spending to 3.5% of GDP and transport and IT infrastructure spending at 1.5% each year until 2035, were not yet known.

In the world of enterprise software, few names carry as much weight as SAP. What started as a small German startup has evolved into the largest publicly listed company in Europe by market capitalization.

Based on my research, here's a brief fundamental analysis and DCF valuation of Porsche Automobil Holding SE (PAH3): Fundamental Analysis Business Model: Porsche SE is a holding company that owns 52.2% of Volkswagen AG (including 12 brands: Audi, Bentley, Bugatti, Ducati, Lamborghini, MAN, Porsche, Scania, SEAT, ŠKODA, Volkswagen Commercial Vehicles and Volkswagen Passenger Cars) and has investments in mobility and industrial technology 2024 Financial Performance: Profit after tax: €2.51 billion (9M 2024), down 34% YoY from €3.8 billion 2024 full-year profit forecast: €2.4-4.4 billion range Net debt projected: €5.0-5.5 billion by year-end 2024 2024 dividend: €1.910 per preferred share, €1.904 per ordinary share Key Challenges: Expected significant non-cash impairment losses on VW and Porsche AG investments for 2024, making group result after tax significantly negative Trading at 29.8% discount to NAV Heavy reliance on dividends from VW and Porsche AG for debt servicing DCF Valuation Current Market Data: Current stock price: €36.77 (as of April 28, 2025) Analyst average price target: €45.78 (range: €35-78) DCF Analysis: PAH3's DCF value cannot be reliably calculated due to the holding company structure and irregular cash flow patterns. However, alternative valuation approaches suggest: Intrinsic value estimate: $6.849 USD (€6.40 approx.) - shows 26% undervaluation based on multiples-only approach Analyst consensus implies 31.74% upside potential to €45.78 Investment Thesis: Strengths: Exposure to leading automotive brands, solid dividend history, trading at discount to NAV Risks: High leverage (€5.3B net debt), impairment charges, dependence on underlying holdings' performance Conclusion: PAH3 appears undervalued at current levels, but traditional DCF valuation is challenging due to its holding company structure.

Based on current cryptocurrency holdings, Bitcoin Group SE appears significantly undervalued. As of today, the company's crypto-assets include approximately 3,830 BTC and 10,263 ETH.

Based on the information available, setting a price target of €0.50 for Global Uranium Corp. (DB:Q3J) appears optimistic.