DB:TGT

Stock Analysis Report

Executive Summary

11880 Solutions AG, together with its subsidiaries, provides telephone directory assistance services to private and business customers in Germany.

Rewards

Earnings are forecast to grow 91.64% per year

Earnings have grown 9.7% per year over the past 5 years

Risk Analysis

Shareholders have been diluted in the past year

Does not have a meaningful market cap (€33M)



Snowflake Analysis

Excellent balance sheet with reasonable growth potential.

Share Price & News

How has 11880 Solutions's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TGT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.6%

TGT

-1.1%

DE Commercial Services

0.1%

DE Market


1 Year Return

58.8%

TGT

-4.3%

DE Commercial Services

14.1%

DE Market

Return vs Industry: TGT exceeded the German Commercial Services industry which returned -4.3% over the past year.

Return vs Market: TGT exceeded the German Market which returned 14.1% over the past year.


Shareholder returns

TGTIndustryMarket
7 Day1.6%-1.1%0.1%
30 Day3.3%-1.1%0.2%
90 Day4.3%4.8%3.3%
1 Year58.8%58.8%-0.8%-4.3%17.6%14.1%
3 Year222.7%222.7%10.4%0.9%14.8%4.8%
5 Year-47.5%-47.5%2.7%-11.7%22.2%5.4%

Price Volatility Vs. Market

How volatile is 11880 Solutions's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is 11880 Solutions undervalued compared to its fair value and its price relative to the market?

3.68x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TGT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate TGT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: TGT is unprofitable, so we can't compare its PE Ratio to the Commercial Services industry average.

PE vs Market: TGT is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TGT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TGT is overvalued based on its PB Ratio (3.7x) compared to the DE Commercial Services industry average (3.3x).


Next Steps

Future Growth

How is 11880 Solutions forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

91.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TGT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).

Earnings vs Market: TGT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TGT's is expected to become profitable in the next 3 years.

Revenue vs Market: TGT's revenue (9% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: TGT's revenue (9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TGT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has 11880 Solutions performed over the past 5 years?

9.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TGT is currently unprofitable.

Growing Profit Margin: TGT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TGT is unprofitable, but has reduced losses over the past 5 years at a rate of 9.7% per year.

Accelerating Growth: Unable to compare TGT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TGT is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (10.8%).


Return on Equity

High ROE: TGT has a negative Return on Equity (-27.52%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is 11880 Solutions's financial position?


Financial Position Analysis

Short Term Liabilities: TGT's short term assets (€13.7M) exceed its short term liabilities (€12.0M).

Long Term Liabilities: TGT's short term assets (€13.7M) exceed its long term liabilities (€6.2M).


Debt to Equity History and Analysis

Debt Level: TGT's debt to equity ratio (0.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if TGT's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: TGT has a high level of physical assets or inventory.

Debt Coverage by Assets: TGT's debt is covered by short term assets (assets are 201.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TGT has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: TGT has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 16.9% each year


Next Steps

Dividend

What is 11880 Solutions's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.3%markettop25%3.6%industryaverage3.4%forecastin3Years0%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate TGT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TGT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TGT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TGT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TGT is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TGT's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.6yrs

Average board tenure


CEO

Christian Maar 0

4.7yrs

Tenure

0

Mr. Christian Maar has been the Chairman of Management Board and Chief Executive Officer at Telegate AG since June 24, 2015. Mr. Maar serves as the Chairman and Chief Executive Officer at Immonet GmbH. 


Board Members

NamePositionTenureCompensationOwnership
Helmar Hipp
Deputy Chairman of The Supervisory Board0yrsno datano data
Leonard Kiedrowski
Member of Supervisory Board0.6yrsno datano data
Michael Wiesbrock
Chairman of the Supervisory Board5.7yrsno datano data
Ralf Ruhrmann
Shareholder Representative Member of the Supervisory Board1.7yrsno datano data
Michael Thorsten Amtmann
Member of Supervisory Board0.6yrsno datano data
Sandy Jurkschat
Member of Supervisory Board0.6yrsno datano data

0.6yrs

Average Tenure

Experienced Board: TGT's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.6%.


Top Shareholders

Company Information

11880 Solutions AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: 11880 Solutions AG
  • Ticker: TGT
  • Exchange: DB
  • Founded: 1996
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: €32.584m
  • Shares outstanding: 21.02m
  • Website: https://www.11880.com

Number of Employees


Location

  • 11880 Solutions AG
  • Hohenzollernstrasse 24
  • Essen
  • North Rhine-Westphalia
  • 45128
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TGTDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 1999
TGTXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURApr 1999
0NXTLSE (London Stock Exchange)YesOrdinary SharesGBEURApr 1999

Biography

11880 Solutions AG, together with its subsidiaries, provides telephone directory assistance services to private and business customers in Germany. The company operates in two segments, Directory Assistance and Digital. It offers online marketing services for small and medium sized businesses; and secretarial and call center services. The company also assists companies with various products, such as corporate Websites, Google AdWords, Google My Business, and Facebook company pages, as well as supports them in planning and implementation of their digital advertising efforts. In addition, it provides software solutions, such as digital telephone books and yellow pages on CD-ROM; intranet solution; and database solutions. The company was formerly known as telegate AG and changed its name to 11880 Solutions AG in June 2016. 11880 Solutions AG was founded in 1996 and is headquartered in Essen, Germany. As of September 16, 2019, 11880 Solutions AG operates as a subsidiary of united vertical media GmbH.  


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 20:55
End of Day Share Price2020/02/19 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.