View Valuation123fahrschule 향후 성장Future 기준 점검 4/6123fahrschule (는) 각각 연간 90.5% 및 14.6% 수익과 수익이 증가할 것으로 예상됩니다.핵심 정보90.5%이익 성장률n/aEPS 성장률Consumer Services 이익 성장15.6%매출 성장률14.6%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트07 May 2026최근 향후 성장 업데이트Price Target Changed • Jun 11Price target increased by 9.0% to €7.05Up from €6.47, the current price target is provided by 1 analyst. New target price is 67% above last closing price of €4.22. Stock is up 13% over the past year. The company posted a net loss per share of €1.26 last year.Breakeven Date Change • Jun 03Forecast to breakeven in 2027The 3 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 90% per year to 2026. The company is expected to make a profit of €1.30m in 2027. Average annual earnings growth of 113% is required to achieve expected profit on schedule.Breakeven Date Change • Apr 17Forecast to breakeven in 2027The 3 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 90% per year to 2026. The company is expected to make a profit of €1.30m in 2027. Average annual earnings growth of 113% is required to achieve expected profit on schedule.Breakeven Date Change • Mar 26Forecast to breakeven in 2027The 3 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €3.10m in 2027. Average annual earnings growth of 78% is required to achieve expected profit on schedule.Breakeven Date Change • Mar 01Forecast to breakeven in 2025The 2 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €1.50m in 2025. Average annual earnings growth of 106% is required to achieve expected profit on schedule.Price Target Changed • Jan 23Price target decreased by 18% to €12.10Down from €14.75, the current price target is provided by 1 analyst. New target price is 408% above last closing price of €2.38. Stock is down 52% over the past year. The company posted a net loss per share of €1.41 last year.모든 업데이트 보기Recent updates공시 • Apr 30123fahrschule SE, Annual General Meeting, Jun 10, 2026123fahrschule SE, Annual General Meeting, Jun 10, 2026, at 10:00 W. Europe Standard Time.공시 • Mar 31123fahrschule SE has completed a Follow-on Equity Offering in the amount of €1.02 million.123fahrschule SE has completed a Follow-on Equity Offering in the amount of €1.02 million. Security Name: Shares Security Type: Common Stock Securities Offered: 400,000 Price\Range: €2.55 Transaction Features: Subsequent Direct ListingPrice Target Changed • Jun 11Price target increased by 9.0% to €7.05Up from €6.47, the current price target is provided by 1 analyst. New target price is 67% above last closing price of €4.22. Stock is up 13% over the past year. The company posted a net loss per share of €1.26 last year.Breakeven Date Change • Jun 03Forecast to breakeven in 2027The 3 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 90% per year to 2026. The company is expected to make a profit of €1.30m in 2027. Average annual earnings growth of 113% is required to achieve expected profit on schedule.Breakeven Date Change • Apr 17Forecast to breakeven in 2027The 3 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 90% per year to 2026. The company is expected to make a profit of €1.30m in 2027. Average annual earnings growth of 113% is required to achieve expected profit on schedule.Reported Earnings • Mar 28Full year 2024 earnings releasedFull year 2024 results: Revenue: €24.9m (up 19% from FY 2023). Net loss: €7.03m (loss widened 80% from FY 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Services industry in Europe.공시 • Mar 27123fahrschule SE, Annual General Meeting, May 06, 2025123fahrschule SE, Annual General Meeting, May 06, 2025, at 10:00 W. Europe Standard Time.Breakeven Date Change • Mar 26Forecast to breakeven in 2027The 3 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €3.10m in 2027. Average annual earnings growth of 78% is required to achieve expected profit on schedule.New Risk • Aug 22New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€3.5m). Currently unprofitable and not forecast to become profitable over next 3 years (€450k net loss in 3 years). Market cap is less than US$100m (€14.7m market cap, or US$16.3m).Buy Or Sell Opportunity • Jul 02Now 40% undervaluedThe stock has been flat over the last 90 days, currently trading at €3.78. The fair value is estimated to be €6.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 58% per annum over the same time period.Buy Or Sell Opportunity • Jun 19Now 27% undervaluedOver the last 90 days, the stock has risen 99% to €3.88. The fair value is estimated to be €5.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 58% per annum over the same time period.Buy Or Sell Opportunity • Jun 17Now 25% undervaluedOver the last 90 days, the stock has risen 85% to €3.60. The fair value is estimated to be €4.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 58% per annum over the same time period.공시 • May 14123fahrschule SE (DB:123F) entered into an share purchase agreement to acquire FOERST GmbH.123fahrschule SE (DB:123F) entered into an share purchase agreement to acquire FOERST GmbH on May 12, 2024. The total purchase price, which is subject to certain adjustments, was agreed to be a mid-six-figure amount that can be paid in full in shares of 123fahrschule SE in several tranches at the discern on of 23fahrschule SE by the end of 2026. The new shares are to be issued at an issue price close to the stock exchange price. If this is not possible under stock corpora>on law, 123fahrschule Holding GmbH is entailed to withdraw from the purchase agreement, in particular if the calculated issue price of the new shares to be issued proves to be unreasonably low. Subject to the occurrence of conditions precedent, the acquisition is planned to be completed on 1 July 2024.New Risk • Mar 09New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€3.5m free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€450k net loss in 3 years). Market cap is less than US$100m (€9.70m market cap, or US$10.6m).New Risk • Mar 04New major risk - Revenue and earnings growthEarnings have declined by 27% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€3.5m free cash flow). Shares are highly illiquid. Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (€7.04m market cap, or US$7.64m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€500k net loss in 3 years). Shareholders have been diluted in the past year (6.8% increase in shares outstanding).Reported Earnings • Mar 02Full year 2023 earnings releasedFull year 2023 results: Revenue: €21.8m (up 30% from FY 2022). Net loss: €3.91m (loss narrowed 11% from FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Consumer Services industry in Europe.Breakeven Date Change • Mar 01Forecast to breakeven in 2025The 2 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €1.50m in 2025. Average annual earnings growth of 106% is required to achieve expected profit on schedule.Price Target Changed • Jan 23Price target decreased by 18% to €12.10Down from €14.75, the current price target is provided by 1 analyst. New target price is 408% above last closing price of €2.38. Stock is down 52% over the past year. The company posted a net loss per share of €1.41 last year.New Risk • Oct 15New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €3.7m Forecast net loss in 2 years: €206k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€5.4m free cash flow). Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€206k net loss in 2 years). Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Market cap is less than US$100m (€9.96m market cap, or US$10.5m).Price Target Changed • Oct 13Price target decreased by 15% to €12.10Down from €14.25, the current price target is provided by 1 analyst. New target price is 236% above last closing price of €3.60. Stock is down 45% over the past year. The company posted a net loss per share of €1.41 last year.공시 • Jun 02123fahrschule SE announced that it expects to receive €2.172625 million in funding123fahrschule SE announced a private placement of 310,375 shares at an issue price of €7 per share for the gross proceeds of €2,172,625 on May 31, 2023.Breakeven Date Change • Mar 21Forecast to breakeven in 2025The 2 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 53% per year to 2024. The company is expected to make a profit of €1.70m in 2025. Average annual earnings growth of 80% is required to achieve expected profit on schedule.Breakeven Date Change • Jan 26No longer forecast to breakevenThe 2 analysts covering 123fahrschule no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €2.35m in 2024. New consensus forecast suggests the company will make a loss of €400.0k in 2024.Price Target Changed • Nov 18Price target decreased to €22.65Down from €26.15, the current price target is provided by 1 analyst. New target price is 248% above last closing price of €6.50. Stock is down 44% over the past year. The company posted a net loss per share of €1.85 last year.공시 • Sep 24123fahrschule SE has completed a Follow-on Equity Offering in the amount of €3.766336 million.123fahrschule SE has completed a Follow-on Equity Offering in the amount of €3.766336 million. Security Name: Shares Security Type: Common Stock Securities Offered: 538,048 Price\Range: €7 Transaction Features: Rights OfferingPrice Target Changed • Aug 08Price target decreased to €26.15Down from €29.50, the current price target is an average from 2 analysts. New target price is 191% above last closing price of €9.00. Stock is down 17% over the past year. The company posted a net loss per share of €1.85 last year.공시 • Jun 30123fahrschule SE, Annual General Meeting, Jun 28, 2022123fahrschule SE, Annual General Meeting, Jun 28, 2022. Agenda: To approve capital increase by direct resolution and elects Dr. Heinrich Zetlmayer to the Supervisory Board.공시 • Jun 29123fahrschule SE Elects Dr. Heinrich Zetlmayer to the Supervisory Board123fahrschule SE held its Annual General Meeting on June 27, 2022 as a virtual event without the physical presence of its shareholders. Finally, the Supervisory Board was expanded to four members and Dr. Heinrich Zetlmayer was elected as the fourth member of the Supervisory Board. As Co-CEO and member of the Board of Directors, Dr. Heinrich Zetlmayer played a key role in the development of ESL Gaming GmbH.Breakeven Date Change • Mar 31Forecast to breakeven in 2024The 2 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €2.40m in 2024. Average annual earnings growth of 86% is required to achieve expected profit on schedule.공시 • Dec 24123fahrschule SE (DUSE:123F) acquired Das Fahrer-Werk GmbH for €0.6 million.123fahrschule SE (DUSE:123F) acquired Das Fahrer-Werk GmbH for €0.6 million on December 21, 2021. The deal is financed by capital increase conducted in October. 123fahrschule SE (DUSE:123F) completed the acquisition of Das Fahrer-Werk GmbH on December 21, 2021.Is New 90 Day High Low • Feb 23New 90-day high: €13.00The company is up 767% from its price of €1.50 on 24 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 12% over the same period.이익 및 매출 성장 예측DUSE:123F - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202840125212/31/202735-103212/31/202629-203212/31/202526-7-3-1N/A9/30/202525-7-3-1N/A6/30/202525-7-30N/A3/31/202524-7-20N/A12/31/202423-7-11N/A9/30/202422-6-21N/A6/30/202422-4-21N/A3/31/202421-4-31N/A12/31/202321-4-40N/A9/30/202320-4N/AN/AN/A6/30/202320-4-5-1N/A3/31/202318-4-7-2N/A12/31/202217-4-8-3N/A9/30/202215-4N/AN/AN/A6/30/202213-5N/AN/AN/A3/31/202210-5N/AN/AN/A12/31/20218-4-9-7N/A12/31/20201-112N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 123F 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(1.9%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: 123F (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: 123F 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: 123F 의 수익(연간 14.6%)이 German 시장(연간 6.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 123F 의 수익(연간 14.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 123F의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-services 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/16 17:48종가2026/02/16 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스123fahrschule SE는 2명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Harald Hofmwb research AGPhilipp SennewaldNuWays AG
Price Target Changed • Jun 11Price target increased by 9.0% to €7.05Up from €6.47, the current price target is provided by 1 analyst. New target price is 67% above last closing price of €4.22. Stock is up 13% over the past year. The company posted a net loss per share of €1.26 last year.
Breakeven Date Change • Jun 03Forecast to breakeven in 2027The 3 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 90% per year to 2026. The company is expected to make a profit of €1.30m in 2027. Average annual earnings growth of 113% is required to achieve expected profit on schedule.
Breakeven Date Change • Apr 17Forecast to breakeven in 2027The 3 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 90% per year to 2026. The company is expected to make a profit of €1.30m in 2027. Average annual earnings growth of 113% is required to achieve expected profit on schedule.
Breakeven Date Change • Mar 26Forecast to breakeven in 2027The 3 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €3.10m in 2027. Average annual earnings growth of 78% is required to achieve expected profit on schedule.
Breakeven Date Change • Mar 01Forecast to breakeven in 2025The 2 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €1.50m in 2025. Average annual earnings growth of 106% is required to achieve expected profit on schedule.
Price Target Changed • Jan 23Price target decreased by 18% to €12.10Down from €14.75, the current price target is provided by 1 analyst. New target price is 408% above last closing price of €2.38. Stock is down 52% over the past year. The company posted a net loss per share of €1.41 last year.
공시 • Apr 30123fahrschule SE, Annual General Meeting, Jun 10, 2026123fahrschule SE, Annual General Meeting, Jun 10, 2026, at 10:00 W. Europe Standard Time.
공시 • Mar 31123fahrschule SE has completed a Follow-on Equity Offering in the amount of €1.02 million.123fahrschule SE has completed a Follow-on Equity Offering in the amount of €1.02 million. Security Name: Shares Security Type: Common Stock Securities Offered: 400,000 Price\Range: €2.55 Transaction Features: Subsequent Direct Listing
Price Target Changed • Jun 11Price target increased by 9.0% to €7.05Up from €6.47, the current price target is provided by 1 analyst. New target price is 67% above last closing price of €4.22. Stock is up 13% over the past year. The company posted a net loss per share of €1.26 last year.
Breakeven Date Change • Jun 03Forecast to breakeven in 2027The 3 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 90% per year to 2026. The company is expected to make a profit of €1.30m in 2027. Average annual earnings growth of 113% is required to achieve expected profit on schedule.
Breakeven Date Change • Apr 17Forecast to breakeven in 2027The 3 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 90% per year to 2026. The company is expected to make a profit of €1.30m in 2027. Average annual earnings growth of 113% is required to achieve expected profit on schedule.
Reported Earnings • Mar 28Full year 2024 earnings releasedFull year 2024 results: Revenue: €24.9m (up 19% from FY 2023). Net loss: €7.03m (loss widened 80% from FY 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Services industry in Europe.
공시 • Mar 27123fahrschule SE, Annual General Meeting, May 06, 2025123fahrschule SE, Annual General Meeting, May 06, 2025, at 10:00 W. Europe Standard Time.
Breakeven Date Change • Mar 26Forecast to breakeven in 2027The 3 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €3.10m in 2027. Average annual earnings growth of 78% is required to achieve expected profit on schedule.
New Risk • Aug 22New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€3.5m). Currently unprofitable and not forecast to become profitable over next 3 years (€450k net loss in 3 years). Market cap is less than US$100m (€14.7m market cap, or US$16.3m).
Buy Or Sell Opportunity • Jul 02Now 40% undervaluedThe stock has been flat over the last 90 days, currently trading at €3.78. The fair value is estimated to be €6.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 58% per annum over the same time period.
Buy Or Sell Opportunity • Jun 19Now 27% undervaluedOver the last 90 days, the stock has risen 99% to €3.88. The fair value is estimated to be €5.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 58% per annum over the same time period.
Buy Or Sell Opportunity • Jun 17Now 25% undervaluedOver the last 90 days, the stock has risen 85% to €3.60. The fair value is estimated to be €4.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 58% per annum over the same time period.
공시 • May 14123fahrschule SE (DB:123F) entered into an share purchase agreement to acquire FOERST GmbH.123fahrschule SE (DB:123F) entered into an share purchase agreement to acquire FOERST GmbH on May 12, 2024. The total purchase price, which is subject to certain adjustments, was agreed to be a mid-six-figure amount that can be paid in full in shares of 123fahrschule SE in several tranches at the discern on of 23fahrschule SE by the end of 2026. The new shares are to be issued at an issue price close to the stock exchange price. If this is not possible under stock corpora>on law, 123fahrschule Holding GmbH is entailed to withdraw from the purchase agreement, in particular if the calculated issue price of the new shares to be issued proves to be unreasonably low. Subject to the occurrence of conditions precedent, the acquisition is planned to be completed on 1 July 2024.
New Risk • Mar 09New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€3.5m free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€450k net loss in 3 years). Market cap is less than US$100m (€9.70m market cap, or US$10.6m).
New Risk • Mar 04New major risk - Revenue and earnings growthEarnings have declined by 27% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€3.5m free cash flow). Shares are highly illiquid. Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (€7.04m market cap, or US$7.64m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€500k net loss in 3 years). Shareholders have been diluted in the past year (6.8% increase in shares outstanding).
Reported Earnings • Mar 02Full year 2023 earnings releasedFull year 2023 results: Revenue: €21.8m (up 30% from FY 2022). Net loss: €3.91m (loss narrowed 11% from FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Consumer Services industry in Europe.
Breakeven Date Change • Mar 01Forecast to breakeven in 2025The 2 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €1.50m in 2025. Average annual earnings growth of 106% is required to achieve expected profit on schedule.
Price Target Changed • Jan 23Price target decreased by 18% to €12.10Down from €14.75, the current price target is provided by 1 analyst. New target price is 408% above last closing price of €2.38. Stock is down 52% over the past year. The company posted a net loss per share of €1.41 last year.
New Risk • Oct 15New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €3.7m Forecast net loss in 2 years: €206k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€5.4m free cash flow). Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€206k net loss in 2 years). Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Market cap is less than US$100m (€9.96m market cap, or US$10.5m).
Price Target Changed • Oct 13Price target decreased by 15% to €12.10Down from €14.25, the current price target is provided by 1 analyst. New target price is 236% above last closing price of €3.60. Stock is down 45% over the past year. The company posted a net loss per share of €1.41 last year.
공시 • Jun 02123fahrschule SE announced that it expects to receive €2.172625 million in funding123fahrschule SE announced a private placement of 310,375 shares at an issue price of €7 per share for the gross proceeds of €2,172,625 on May 31, 2023.
Breakeven Date Change • Mar 21Forecast to breakeven in 2025The 2 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 53% per year to 2024. The company is expected to make a profit of €1.70m in 2025. Average annual earnings growth of 80% is required to achieve expected profit on schedule.
Breakeven Date Change • Jan 26No longer forecast to breakevenThe 2 analysts covering 123fahrschule no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €2.35m in 2024. New consensus forecast suggests the company will make a loss of €400.0k in 2024.
Price Target Changed • Nov 18Price target decreased to €22.65Down from €26.15, the current price target is provided by 1 analyst. New target price is 248% above last closing price of €6.50. Stock is down 44% over the past year. The company posted a net loss per share of €1.85 last year.
공시 • Sep 24123fahrschule SE has completed a Follow-on Equity Offering in the amount of €3.766336 million.123fahrschule SE has completed a Follow-on Equity Offering in the amount of €3.766336 million. Security Name: Shares Security Type: Common Stock Securities Offered: 538,048 Price\Range: €7 Transaction Features: Rights Offering
Price Target Changed • Aug 08Price target decreased to €26.15Down from €29.50, the current price target is an average from 2 analysts. New target price is 191% above last closing price of €9.00. Stock is down 17% over the past year. The company posted a net loss per share of €1.85 last year.
공시 • Jun 30123fahrschule SE, Annual General Meeting, Jun 28, 2022123fahrschule SE, Annual General Meeting, Jun 28, 2022. Agenda: To approve capital increase by direct resolution and elects Dr. Heinrich Zetlmayer to the Supervisory Board.
공시 • Jun 29123fahrschule SE Elects Dr. Heinrich Zetlmayer to the Supervisory Board123fahrschule SE held its Annual General Meeting on June 27, 2022 as a virtual event without the physical presence of its shareholders. Finally, the Supervisory Board was expanded to four members and Dr. Heinrich Zetlmayer was elected as the fourth member of the Supervisory Board. As Co-CEO and member of the Board of Directors, Dr. Heinrich Zetlmayer played a key role in the development of ESL Gaming GmbH.
Breakeven Date Change • Mar 31Forecast to breakeven in 2024The 2 analysts covering 123fahrschule expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €2.40m in 2024. Average annual earnings growth of 86% is required to achieve expected profit on schedule.
공시 • Dec 24123fahrschule SE (DUSE:123F) acquired Das Fahrer-Werk GmbH for €0.6 million.123fahrschule SE (DUSE:123F) acquired Das Fahrer-Werk GmbH for €0.6 million on December 21, 2021. The deal is financed by capital increase conducted in October. 123fahrschule SE (DUSE:123F) completed the acquisition of Das Fahrer-Werk GmbH on December 21, 2021.
Is New 90 Day High Low • Feb 23New 90-day high: €13.00The company is up 767% from its price of €1.50 on 24 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 12% over the same period.